0.0145 0.00 (0.00%)
After hours: 4:50PM EST
|Bid||0.0145 x 2900|
|Ask||0.0150 x 800|
|Day's Range||0.0131 - 0.0156|
|52 Week Range||0.0100 - 3,917.5000|
|Beta (3Y Monthly)||-1.77|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3,000.00|
MoviePass experienced a significant decline in subscribers in the third quarter, the latest sign of trouble for majority owner Helios & Matheson Analytics Inc. as it looks to stave off insolvency. While Helios flagged the drop in a securities filing Thursday, it didn’t provide an exact figure. MoviePass had 3.2 million subscribers as of Aug. 10, compared with 1 million in December 2017, according to an August filing.
Helios and Matheson Analytics Inc. cited a “significant decline” in MoviePass subscriptions but didn’t update those numbers.
Beleaguered MoviePass parent Helios and Matheson Analytics Inc. reported third-quarter results Thursday morning. The company reported a loss of $129.6 million, or a loss of 20 cents per share, compared to a loss of $43.5 million, or a loss of $5.79 per share, in the year-earlier quarter. Helios chalked up the increase in net loss to its acquisitions of MoviePass, Moviefone assets and forming MoviePass Ventures and MoviePass films. Revenue for the quarter was $81.34 million, up from $1.17 million a year ago. Shares of Helios are trading at a mere 2 cents a share, despite the company's 1-to-250 reverse stock split in July. The company proposed a second split in September of 1-for-500 shares in an effort to avoid delisting of its stock, but revealed earlier this week it did not have enough support for the plan. The spectacular rise and fall of MoviePass, its movie subscription service, has Helios looking for ways to solve its Wall Street woes, including a plan to split off the MoviePass business into an independent entity. Helios stock has effectively lost all of its value in the year to date, while the S&P 500 has gained 0.7%.
Helios & Matheson Analytics Inc. , which owns MoviePass, revealed in a regulatory filing Tuesday that it has delayed a vote on a second reverse stock split. According to the filing with the Securities and Exchange Commission, the company believed that it did not have support for the plan, which sought to avoid delisting of its stock for continuing to trade for less than $1. "The Board cancelled the Special Meeting because it does not expect to have the requisite stockholder votes to approve the proposed reverse stock split at the Special Meeting or to adjourn the Special Meeting," the filing reads. The spectacular rise and fall of MoviePass has left Helios & Matheson grappling for a solution, which includes a plan to split off the movie-subscription business into an independent entity. Shares closed Tuesday at less than 2 cents apiece.
Helios and Matheson Analystics Inc. said in an SEC filing that it didn’t expect to have the sharesholder votes to approve the measure.
The company proposed the reverse split in September after its stock dipped below 2 cents, hoping to regain compliance with the $1 minimum bid price required to be listed on the Nasdaq. Helios & Matheson said in the filing that its board canceled a special meeting to vote on the proposed reverse split because it does not expect to have the shareholder votes. The shares have lost almost all of their value this year, battered by fears that the unprofitable MoviePass service won’t survive.
The Nominations for Company’s First Entry Into Film Distribution in Association With The Orchard, Rock MoviePass Ventures’ World
AMC Stubs A-List has gone from zero to 500,000 members in a little more than four months. It's going to be hard for MoviePass and other third-party services to compete.
MoviePass Films, a majority-owned Helios and Matheson Analytics Inc. (HMNY) company, and Art of Sport (AOS), the newly-formed, sports-centric distribution entity behind Cannes Alum Gabe Polsky’s upcoming feature-length documentary, In Search Of Greatness, have teamed up to bring MoviePass Films on board the project as an investor and strategic marketing partner ahead of the film’s early-November theatrical release. In Search Of Greatness, directed by acclaimed documentarian Gabe Polsky, best known for his previous feature Red Army, which debuted in Cannes in 2014 and was distributed by Sony Pictures Classics, and his work on Nat Geo’s Emmy-award-winning TV show Genius, is a provocative work of non-fiction which examines the importance of creativity in determining athletic ability and also analyzes the roles nature and nurture play in the development of young athletes.
NEW YORK, Oct. 31, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines MoviePass to be spun off as parent seeks to release value ...
Helios and Matheson Analytics is looking to spin off its money-draining movie service and related assets, hoping that at least one of the two vessels can float.
The data company, which took a controlling stake in MoviePass in December, now owns a 92 percent stake in the business. Helios and Matheson said it would create a new unit MoviePass Entertainment Holdings Inc that would take ownership of the shares of MoviePass Inc and other film related assets held by the company. MoviePass allows subscribers to watch three movies a month for a flat fee of $9.95 and get discounts on additional movie tickets.
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Tuesday.