On May 8, RMG Networks Holding Corporation (NASDAQ:RMGN), or RMG Networks, a leading provider of technology-driven visual communications solutions, announced its financial results for the first quarter ended March 31, 2014. djusted Enterprise revenue of $10.1 million increased 7% from $9.4 million in the first quarter of 2013, due to continued sales momentum from expanded sales teams and geographic presence. Adjusted Enterprise gross margin was 57.5% compared to 60.0% in the first quarter of 2013, decreasing year over year due to sales mix but increasing sequentially from the 50.9% demonstrated in the fourth quarter of 2013. RMG Networks Holding Corporation (NASDAQ:RMGN) net profit margin is -59.80% and weekly performance is 41.46%. On last trading day company shares ended up $2.32. Analysts mean target price for the company is $8.00. RMG Networks Holding Corporation (NASDAQ:RMGN) distance from 50-day simple moving average (SMA50) is -28.07%.
On June 2, 2014 InterCloud Systems, Inc. (NASDAQ:ICLD) announced the award of a $4.9 Million distributed antenna system (DAS) project in downtown Chicago. This multi-phase enterprise DAS project will begin in June 2014, with anticipated completion by year-end 2014. InterCloud Systems Inc (NASDAQ:ICLD) shares advanced 12.56% in last trading session and ended the day on $6.63. Gross Margin is 30.00% and its return on assets is -0.80%. InterCloud Systems Inc (NASDAQ:ICLD) quarterly performance is -53.41%.
On June 2, Vringo, Inc. (NASDAQ:VRNG) reported last week that Chinese patent authorities upheld the validity of another of its patents that ZTE Corporation sought to challenge. At least seven Vringo patents are being challenged by ZTE of which two have already been withheld in the favor of Vringo. The latest patent to be upheld by the Chinese authorities is Chinese Patent ZL00806049.5, which is the Chinese equal of European Patent 1,166,589. The patent, owned by Vringo’s subsidiary Vringo Infrastructure Inc, was placed into patent re-examination by ZTE in November 2012. Vringo, Inc. (NASDAQ:VRNG) shares moved up 3.27% in last trading session and was closed at $3.16, while trading in range of $3.04 – $3.19. Vringo, Inc. (NASDAQ:VRNG) year to date (YTD) performance is 6.76%.
On June 5, Odyssey Marine Exploration Inc. (NASDAQ:OMEX) rose the most in more than seven years after saying recoveries at the site of the SS Central America, a ship that sank off the coast of South Carolina 157 years ago, are exceeding its expectations. Odyssey Marine Exploration Inc (NASDAQ:OMEX) ended the last trading day at $1.47. Company weekly volatility is calculated as 14.94% and price to cash ratio as 21.48. Odyssey Marine Exploration Inc (NASDAQ:OMEX) showed a positive weekly performance of 6.52%.
On June 3, 2014, the Board of Directors of HMS Holdings Corp. (NASDAQ:HMSY) appointed Joseph Donabauer, 51, as Interim Principal Financial Officer and Interim Treasurer of the Registrant, effective as of June 6, 2014. Mr. Donabauer’s compensation was not changed in connection with this appointment. HMS Holdings Corp (NASDAQ:HMSY) net profit margin is 7.60% and weekly performance is 4.26%. On last trading day company shares ended up $19.60. Analysts mean target price for the company is $22.60. HMS Holdings Corp (NASDAQ:HMSY) distance from 50-day simple moving average (SMA50) is 11.85%.