|Bid||0.0000 x 27000|
|Ask||0.0000 x 800|
|Day's Range||0.0000 - 0.0000|
|52 Week Range|
|Beta (3Y Monthly)||-2.29|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 29, 2019 - Apr 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3,000.00|
Stacy Spikes helped change the way people think about going to the movies. With PreShow, he wants to do it again.
MoviePass, which is owned by Helios & Matheson Analytics Inc. , said Tuesday it was launching a new "uncapped" subscription plan for $9.95 a month for a 12-month subscription, for a limited time. The monthly plan for MoviePass Uncapped is $14.95, for a limited time. The standard price will rise to $19.95 a month when the limited-time offers expire. MoviePass Uncapped includes no cap on the number of 2D movies in MoviePass's theater network, which has more than 30,000 screens in the U.S., a "large" selection of blockbusters and independent films and the ability to reserve tickets three hours before showtime. "We are - and have been - listening to our subscribers every day, and we understand that an uncapped subscription plan at the $9.95 price point is the most appealing option to our subscribers," said Helios & Matheson Chief Executive Ted Farnsworth. "While we've had to modify our service a number of times in order to continue delivering a movie-going experience to our subscribers, with this new offering we are doing everything we can to bring people a version of the service that originally won their hearts." H&M shares gained 1.1% in morning trade. They have lost virtually all their value over the past 12 months, while the Russell 2000 has slipped 0.5% and the S&P 500 has gained 4.8%.
Some pretty shrewd moves by the country's leading multiplex operator played a part in the fade-out of Helios and Matheson's once-red-hot movie subscription service.
SAN DIEGO, CA / ACCESSWIRE / March 18, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of Helios and Matheson Analytics Inc. (NASDAQ: HMNY). ...
MoviePass parent Helios & Matheson Analytics Inc. disclosed Friday that Chief Financial Officer Stuart Benson has resigned, effective March 22. The company said Benson is resigning to "accept another employment opportunity." Helios & Matheson plans to start a search for a new CFO, "as soon as practicable." The stock, which is still inactive in premarket trade, has lost virtually all of its value over the past 12 months, while the S&P 500 has gained 2.2%.
MoviePass owner Helios & Matheson Analytics Inc. said Tuesday that it overstated revenue and understated losses in the September-ended quarter as a result of accounting errors, the latest setback for a company struggling to remain solvent and grow its business outside of the movie-subscription service. Helios said it should have posted a third-quarter net loss of $138.5 million, or 22 cents a share, instead of the $129.6 million, or 20 cents a share, it initially reported. Total revenue was $74.7 million, instead of the initially reported $81.3 million.
Helios & Matheson Analytics Inc. said in a filing that it incorrectly recognized about $5.9 million in revenue from subscriptions that had been suspended. A further error totaling $700,000 came from recognition of revenue from subscriptions through Costco Wholesale Corp. that had been terminated through refunds. The company said it continued to have a material weakness in its internal financial controls for subscription management through Dec. 31, but implemented new accounting software on New Year’s Day.
MoviePass parent Helios & Matheson Analytics Inc. disclosed Tuesday that its financial statements for quarter ended Sept. 30, 2018 "should no longer be relied upon" give accounting errors related to the overstatement of subscription revenue. As a result, the company's preliminary restated net loss for the quarter widened to $146.7 million from $137.2 million, and the restated revenue declined to $74.7 million from $81.3 million. The company said the previous results included "erroneous recognition" of about $700,000 in revenue from MoviePass subscriptions that had been terminated through refunds of subscriptions by Costco Wholesale Corp. and up to about $5.9 million in revenue from subscriptions that were in a suspended state given changes made to the service that had not yet been consented to by subscribers. Helios & Matheson said it has determined that a "material weakness" existed in its internal control over financial reporting. The stock, which trades over the counter, was down slightly at an effective price of about a penny. It has lost virtually all of its value over the past 12 months, while the S&P 500 has edged up 0.35.
Following the previously announced intention to create a vertically integrated film production and exhibition company called MoviePass Entertainment Holdings Inc., MoviePass™ and MoviePass Films announced their new business strategy going forward. MoviePass™ and MoviePass Films plan to implement a new business model that prioritizes self-generated revenues without dependence on studios or exhibitors, to build more reliable revenue streams. The future growth of the MoviePass™ group of companies will require us to take advantage of the rapidly evolving media landscape.
Movie-subscription service MoviePass says it is revamping its business model after a tumultuous year. MoviePass gained popularity in 2017, when it offered customers the ability to see a film a day in theaters for about $10 a month. On Wednesday, MoviePass said that going forward it will work closely with a film-production unit launched by Helios, with the goal of getting the businesses to reinforce each other.
MoviePass parent Helios & Matheson Analytics Inc.'s stock will be delisted from the Nasdaq Capital Market, with the suspension of trading effective at Wednesday's open. The stock will be eligible for trade in the OTC Markets system, under the ticker symbol "HMNY." The company had initially received a delisting notice in December, given that the stock failed to maintain the minimum $1.00 bid price, which the company appealed. The Nasdaq panel determined on Feb. 11 to delist the stock. Helios & Matheson has 15 days to request the Nasdaq Listing and Hearing Review Council to review the panel's decision, but the company said it doesn't plan to appeal the determination at this time. The company plans to apply to have its shares quoted on the OTCQB Market. The stock has lost virtually all of its value over the last year, as it closed at a split-adjusted price of $1,357.50 on Feb. 13, 2018. The S&P 500 has gained 3.1% over the past year.
Helios and Matheson Analytics Inc., the parent company of MoviePass Inc., has been delisted from NASDAQ, the company disclosed in an SEC filing on Tuesday. The move follows months of wrangling with the stock market. Helios (NASDAQ: HMNY) shares closed at $2.95 on Aug. 15, 2017, when the company announced it was taking a majority stake in MoviePass and relaunching the program with an all-you-can watch movie subscription plan for $10 per month.
Helios & Matheson Analytics Inc. , the parent of the film loyalty program MoviePass, has set March 15 as the date for a meeting on its latest plan for a reverse-stock split that would help avert a delisting. In a regulatory filing, the company invited shareholders to a meeting at 10.00 a.m. Pacific Time on that date to vote on a reverse split of its stock at a ratio of 1-for-2 shares up to 1-for-500 shares, . The stock has closed below the $1 threshold for an exchange listing since July. It has closed beneath a nickel every day since August and was last quoted at 1 cent. The data company has struggled to make MoviePass profitable and has been burning through cash. It first bought a majority stake in the program in 2017 and immediately cut the price to $9.95 a month allowing subscribers see a film of their choice every day. When that proved untenable, it changed the terms of its offering, limiting access to bigger films and restricting customers to certain showings. It has already implemented a 1-for-250 reverse stock split and has sold preferred stock and convertible notes to raise fresh funds. New York Attorney General Barbara Underwood has launched a securities fraud investigation into the company.
The production company of Helios and Matheson Analytics Inc. (HMNY), MoviePass Films LLC, announced today its film Border was nominated for an Academy Award in the “Best Makeup and Hairstyling” category. Announced in September of last year, MoviePass Films partnered with NEON Rated LLC to co-release the Cannes award-winning film from writer and director Ali Abbasi. A 2018 Swedish fantasy film, Border’s screenplay is written by Abbasi, Isabella Eklöf and John Ajvide Lindqvist.
Helios & Matheson Analytics Inc. has filed confidentially with the Securities and Exchange Commission to spin off its cinema discount-ticketing service MoviePass.
The parent company of MoviePass wants to spin off the struggling movie-theater subscription service. Helios & Matheson Analytics Inc. said Thursday it formed a new entity that would take possession of its shares in the MoviePass business, as well as other film assets Helios holds, as a prelude to letting that entity trade on its own. The new entity, called MoviePass Entertainment Holdings Inc., also must be accepted by a trading market.
MoviePass Inc.’s parent company has filed paperwork to spin off the struggling movie subscription service into a separately traded holding company. Helios and Matheson Analytics Inc. said that it has submitted a draft registration statement of Form S-1 to the Securities and Exchange Commission with the proposal. The parent company first announced plans to spin off MoviePass in October.