|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0400 - 0.0600|
|52 Week Range||0.0340 - 1.4700|
|Beta (5Y Monthly)||23.31|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 20, 2020 - May 25, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
This “virtual concierge” concept is the first of its kind to combine an AI-component with location-based and other engagement technology to help manage and improve a traveler’s experience seamlessly throughout the entire travel process. Prior to the global pandemic, Travel Buddhi signed more than 1,500 travel agencies during its Business-to-Consumer (“B2C”) beta test and began developing an initial target of 2,500 white label customers during its business-to-business (“B2B”) phase. To prepare the platform for full launch, the company has been actively curating additional content, which now includes 700 global destinations from 70 countries featuring 40,000 articles and one million attributes.
The addition of these two channel partners increases the total number of channel partners to three, each of which will be targeting different customer verticals within their respective sales networks. The new channel partners are expected to be an important source of additional recurring business, as the Company begins its next growth phase in the online learning and training space. “Channel partners are going to play an important role in the growth of our platform,” said CEO Anshu Bhatnagar.
In conjunction with this release, the Company is also providing additional details on its business initiatives for the remainder of calendar year 2020. The Company is currently exploring additional product initiatives across all divisions, with the goal to add additional revenue streams before the end of the calendar year.
CloseComms currently operates under the name “21:32” and has offices in Wales (U.K.) and California (U.S.). CloseComms initial focus is on the quick service restaurant (“QSR”) market. Under the asset purchase agreement, mPhase will issue 2,666,666 shares of restricted common stock and incorporate the CloseComms assets into a new wholly-owned consumer engagement subsidiary.
The Company continues to back its projections to achieve a $30 million annual revenue run rate during 2020. The Learning Track division has seen minimal impact from negative trends in the international business environment. Learning and testing in mission critical occupations is an irreplaceable part of doing business for many industries and has created a growing base of profitable recurring revenue for mPhase.
The OTCQB (also called The Venture Market) is the middle tier of the OTC. Upgrading to the OTCQB is considered a positive step due to its more stringent qualifying and ongoing reporting requirements. “Qualifying for the OTCQB is tangible evidence of our rapid evolution toward becoming a leading technology growth stock,” explained mPhase CEO Anshu Bhatnagar.
Gaithersburg, MD, Feb. 19, 2020 -- mPhase Technologies, Inc. (OTC: XDSL) (“mPhase” or the “Company”) today reported record financial results for its second fiscal 2020 quarter.
Gaithersburg, MD, Dec. 05, 2019 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (“mPhase” or the “Company”) (XDSL) will present at the 12th Annual LD Micro Main Event Investor Conference taking place at the Luxe Sunset Boulevard Hotel in Los Angeles, CA. The Company is scheduled to present on Wednesday, December 11, 2019 at 4:40 p.m. Pacific Time. President Ram Mantravadi and General Counsel Michael McGowan will present the Company and will be available for one-on-one meetings for two days, Tuesday, December 10, 2019 and Wednesday, December 11, 2019.
In conjunction with this release, the Company is also providing additional details on its strategy for the remainder of fiscal 2020. “This quarter was outstanding in every aspect,” said mPhase CEO Anshu Bhatnagar.
Gaithersburg, MD, Nov. 13, 2019 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (XDSL) (“mPhase” or the “Company”) will present at the National Investment Banking Association (NIBA) Conference in New York City today at 10:25 a.m. Eastern Time. The NIBA conference is a two-day event running from November 12-13, 2019 at The Westin New York at Times Square in New York, NY.
Gaithersburg, MD , Oct. 15, 2019 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (XDSL) (“mPhase” or the “Company”) today announced financial results for its fiscal 2019 year ended June 30, 2019. In conjunction with this release, the Company is also providing additional details on its strategy for the remainder of calendar year 2019. Restructuring activities for mPhase began in January 2019 with the announcement of its new CEO Anshu Bhatnagar.
New York, NY, Aug. 20, 2019 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (XDSL) (the “Company” or “mPhase”) is pleased to announce that it has signed a three-year Product License and Content Agreement (“Agreement”) with iLearningEngines, Inc. (“ILE”). Under the terms of the Agreement, mPhase will utilize the ILE Artificial Intelligence (“AI”) engine to deliver customized learning and performance analytics solutions. The Company will develop the customized learning software solutions and curriculum through direct agreements with customers in the ILE ecosystem, but may also include non-ILE customers.