Paulo Santos • 10 Comments
Aug. 14, 2013, 9:02 PM
- Voltari (VLTC -3.9%) takes a dive after releasing Q2 results.
- On July 30, the company finished the unwinding of its U.S. carrier hosting business and will be solely focused on its mobile media business going forward. The company will retain $332.6M in NOLs expiring between 2019-2032 from its discontinued carrier operations.
- As of Aug. 12, Carl Icahn owned 30.4% of outstanding common stock, 95.5% of all series J preferred stock (current redemption value of $33M, including 13% PIK annual dividends to-date of $2.9M), and $20M in 10% debt maturing Aug. 2013.
- The company's mobile media operations are comprised of Voltari Media and Enterprise. Whereas Voltari broke out the units in Q1, it did not in Q2. It's likely the enterprise segment continues to decline, with most of the decline made up by growth in the Voltari Media business. SA contributor Paulo Santos made a case for the company back in July.
Aug. 14, 2013, 7:12 AM
- Voltari Corporation (VLTC): Q2 Net Income of $0.9M.
- Revenue of $3.5M. (PR)
Mar. 1, 2012, 7:13 PM
More on Motricity (MOTR): Q4 misses across the board on lower than anticipated sales in its managed and professional services units. Revenue declined 31% Y/Y as the company struggles to exit the majority of its international businesses and significantly streamline its operations. Shares -7.7% AH.| Mar. 1, 2012, 7:13 PM
Mar. 1, 2012, 4:46 PMMotricity (MOTR): Q4 EPS of -$0.14 misses by $0.05. Revenue of $24.5M (-31.9% Y/Y) misses by $5M. Shares -15.9% AH. (PR) | Mar. 1, 2012, 4:46 PM
Nov. 15, 2011, 1:37 PM
Mobile advertising and Web portal provider Motricity (MOTR -9.9%), which received a loan from Carl Icahn in September, continues its 2011 freefall after reporting Q3 results. Revenue of $30.4M (-20% Y/Y) and EPS of -$0.31 missed consensus by $1.4M and $0.22... and that's excluding $162.3M in impairment charges. Motricity shares are down 92% YTD.| Nov. 15, 2011, 1:37 PM
Aug. 9, 2011, 5:24 PM
Motricity (MOTR) has lost over half its value post-trading after its Q2 badly misses estimates. EPS was $0.04, vs. expectations of $0.09, and revenue came in at $34.6M vs. consensus of $37M. For Q3, the company expects revenue in the range of $31.5 to $32.5M, far below Street expectations of $45M. Shares are -55% AH.| Aug. 9, 2011, 5:24 PM
May 3, 2011, 4:44 PMMotricity (MOTR): Q1 EPS of $0.03 beats by $0.01. Revenue of $32M (+11% Y/Y) in-line. Shares -11.40% AH. (PR) | May 3, 2011, 4:44 PM
May 3, 2011, 12:10 AMNotable earnings after Tuesday's close: ACAS, AMMD, AUY, BEXP, CAR, CBS, CENX, CEPH, CMCSA, CRL, DEI, DGI, EXEL, FSLR, GMCR, GNK, GNW, GXP, HRS, JAZZ, JKHY, KGC, LVS, MCK, MOLX, MOTR, NYGN, OPEN, PEET, PLT, PXD, QSFT, SONS, TE, THOR, THQI, UNM, VCLK, VRTX, XCO, XL | May 3, 2011, 12:10 AM | 4 Comments