Sky-mobi Limited (ADR) (NASDAQ:MOBI) a leading mobile application platform in China, today announced that the Company’s Board of Directors has approved a fiscal year-end change from March 31 to December 31, beginning in the calendar year ending December 31, 2014. Additionally, the Company also announced that its Board of Directors has approved a program to repurchase up to US$20 million of the Company’s American depositary shares (“ADSs”) over the next 12-month period, ending on May 30, 2015. Sky-mobi Ltd (ADR) (NASDAQ:MOBI) net profit margin is 5.30% and weekly performance is 3.69%. On last trading day company shares ended up $7.31. Analysts mean target price for the company is $7.50. Sky-mobi Ltd (ADR) (NASDAQ:MOBI) distance from 50-day simple moving average (SMA50) is -3.52%.
On May 27, Voltari Corporation (NASDAQ:VLTC) announced that its 2014 annual meeting of stockholders (the “2014 Annual Meeting”) has been scheduled for July 28, 2014 in New York, NY. The record date for the 2014 Annual Meeting has been set as the close of business on June 16, 2014. Voltari Corp (NASDAQ:VLTC) shares advanced 40.35% in last trading session and ended the day on $2.42. Gross Margin is 55.70% and its return on assets is -46.80%. Voltari Corp (NASDAQ:VLTC) quarterly performance is -37.79%.
On May 7, Glowpoint, Inc. (NYSEMKT:GLOW), a leading provider of video collaboration services and network solutions, reported financial results for the quarter ended March 31, 2014. Revenue increased sequentially to $8.0 million in the first quarter of 2014 from $7.9 million in the fourth quarter of 2013. Revenue was $8.5 million for the first quarter of 2013. Adjusted EBITDA (a non-GAAP financial measure defined below and reconciled to GAAP in the attached schedule) increased 6% to $0.9 million in the first quarter of 2014 compared with $0.8 million for the same period last year. Net cash provided by operating activities was $0.5 million for the first quarter of 2014, compared with $0.3 million for the same period last year. Glowpoint, Inc. (NYSEMKT:GLOW) shares moved down -6.45% in last trading session and was closed at $1.45 , while trading in range of $1.41 – $1.56. Glowpoint, Inc. (NYSEMKT:GLOW) year to date (YTD) performance is 5.07%.
On May 19, MTS Mer Telemanagement Solutions Ltd. (NASDAQ:MTSL) reported its revenues for the first quarter of 2014 were USD1.8m, compared with USD3.3m in revenues during the same quarter last year. The company´s operating loss was USD313,000 in the first quarter of 2014, compared to operating profit of USD420,000 in the first quarter of 2013. Net loss in the first quarter was USD315,000, or USD(0.07) per diluted share, compared to net income of USD344,000, or USD0.07 per diluted share, in the first quarter of 2013. The principal factor that adversely affected the quarter´s results, the company said, was the termination of revenues from the agreement with Simple Mobile that ended on December 31, 2013. MER Telemanagement Solutions Ltd. (NASDAQ:MTSL) ended the last trading day at $1.49. Company weekly volatility is calculated as 6.94% and price to cash ratio as 1.17. MER Telemanagement Solutions Ltd. (NASDAQ:MTSL) showed a negative weekly performance of -8.68%.
On May 29, 2014, Gogo Inc. (NASDAQ:GOGO) held its 2014 annual meeting of stockholders (the “Annual Meeting”). Stockholders representing 70,616,419 shares, or 83.04%, of the common shares outstanding as of the April 7, 2014 record date were present in person or were represented at the meeting by proxy. Each proposal subject to a vote at the Annual Meeting was described in detail in the Company’s 2014 Proxy Statement dated April 17, 2014. Gogo Inc (NASDAQ:GOGO) net profit margin is -46.10% and weekly performance is 10.10%. On last trading day company shares ended up $18.09. Analysts mean target price for the company is $22.00. distance from 50-day simple moving average (SMA50) is 4.04%.