Seeking Alpha

KIT digital, Inc. (KITD)

- OTC Markets
KITD is defunct.
Show Summaries  |  Hide Summaries
  • Dec. 11, 2012, 6:46 PM
    The NASDAQ has halted trading in KIT Digital (KITD -8.6%), pending the receipt of requested information. KIT shares fell to a mere $0.63 today following news of a delisting warning and the departure of two directors.
    | Comment!
  • Dec. 11, 2012, 10:24 AM
    KIT Digital (KITD -7.2%) is down to $0.65 after disclosing it has received a NASDAQ de-listing warning, and that directors Wayne Walker and Barak Bar-Cohen have resigned. Bar-Cohen's short-lived tenure as CEO ended in August. KIT, which is running low on cash, says it's still "exploring a broad range of strategic alternatives."
    | Comment!
  • Dec. 5, 2012, 1:45 PM
    KIT Digital (KITD +4.6%) has rallied to $0.74 on news ex-chairman/CEO Kaleil Isaza Tuzman (previous) has offered to buy the company for $1.35-$1.70/share. Tuzman had offered $3.75/share in November in a deal that would've required P-E support, but few expected that bid to remain following the bloodbath KIT shares saw last month on news it's restating results and running out of cash.
    | 1 Comment
  • Nov. 23, 2012, 12:45 PM
    Midday top 10 gainers: CCCL +42%. MAPP +21%. BGMD +21%. MCP +18%. INUV +16%. FIZZ +15%. ROSG +14%. DAC +13%. RIMM +13%. RIC +12%.
    Top 10 Losers: KITD -64%. PTGI -17%. SGOC -12%. HDSN -9%. TELK -9%. SAB -8%. HRT -8%. NFEC -8%. THQI -7%. RCON -7%.
    | 1 Comment
  • Nov. 23, 2012, 9:10 AM
    Premarket gainers: ALU +18%. MAPP +14%. RIMM +11%. CIG +10%. SBS +7%. NBG +5%.
    Losers: KITD -55.56%.
    | 1 Comment
  • Nov. 23, 2012, 8:58 AM
    KIT Digital (KITD) -56.5% premarket after Wednesday's announced restatement of prior period financial statements and postponement of Q3 2012 results. This morning, KITD's former Chairman/CEO urges the company to discuss his acquisition offer and conduct an open and transparent sale process.
    | Comment!
  • Nov. 21, 2012, 5:42 PM
    More on KIT Digital: The company says an event of default exists in a secured loan facility that has $11M outstanding; that its cash balance has dwindled to $10.6M ($4M of which is restricted), and that cash burn (partly due to restatement costs) is expected to continue. As a result, KIT is exploring "a broad set of strategic alternatives," including financing deals (virtually guaranteed to be dilutive) and a sale. It's also cancelling its 2012 shareholder meeting. KITD -58.9% AH. (PR)
    | Comment!
  • Nov. 21, 2012, 5:19 PM
    KIT Digital (KITD) -52% AH after announcing errors will force restatement of prior period financial statements and postponement of Q3 2012 results. The 2009, 2010 and 2011 years and the March and June quarters of 2012 will be restated; KITD says investors should no longer rely upon previously issued statements for those periods.
    | Comment!
  • Oct. 11, 2012, 2:05 PM
    Volatile KIT Digital (KITD -12.7%) has plummeted to new all-time lows, though no news has hit the wires explaining the move. Over the course of 2012, KIT has seen management changes, board changes, job cuts, and a 4,000-mile HQ move.
    | Comment!
  • Oct. 11, 2012, 12:45 PM
    Midday top 10 gainers: CLWR +37%. USAT +27%. PURE +22%. ANR +15%. ACI +14%. S +13%. DRWI +13%. PATK +12%. OSK +12%. JKS +12%.
    Top 10 Losers: PRSS -16%. KITD -12%. CMN -11%. OTT -10%. WSO -10%. DLTR -9%. CLNT -8%. SWC -8%. BSDM -8%. ONE -8%.
    | Comment!
  • Aug. 29, 2012, 4:34 PM
    KIT Digital (KITD +6.7%) steadily moved higher today after announcing a $15M, 5-year contract to provide digital cable distribution software and services for Indian satellite broadcast infrastructure services firm NSPTL. KIT had closed yesterday near an all-time low - shares have been stung by poor earnings, management turmoil, and uncertainty related to an HQ move from Prague to New York. (PR)
    | Comment!
  • Aug. 14, 2012, 4:36 PM
    KIT digital (KITD): Q2 EPS of -$1.99 may not be comparable to consensus of $-0.36. Revenue of $51.1M (+13.6% Y/Y) beats by $6M. Shares -4.7% AH. (PR)
    | Comment!
  • Aug. 7, 2012, 10:33 AM
    KIT Digital (KITD +22.7%) takes off after disclosing activist investors Seth Hamot and Peter Heiland have been added to its board (director Joseph Mullin is stepping down), and that their funds (Costa Brava and JEC Capital) now respectively hold 7% and 8% stakes in the beaten-down IP video software provider. KIT says its board will now "address several expressions of interest" regarding a sale of part or all of the company. (PR) (previous)
    | Comment!
  • Jul. 25, 2012, 12:19 PM
    KIT Digital's (KITD -7.1%) management shakeup continues, and the Street isn't liking the latest changes. COO Alex Blum has stepped down, and is now working as an advisor to the company. In tandem with Blum's resignation, KIT is creating a CTO position, and is appointing Mark Christie, the co-founder of an IP video services company KIT acquired in 2011, to the job. Blum's resignation may relate to KIT's plans to move its HQ to New York from Prague. (PR)
    | Comment!
  • Jul. 19, 2012, 2:34 PM
    KIT Digital (KITD -6.9%) dives after announcing it will move its corporate HQ from Prague to New York City, and and will de-list from the Prague exchange. KIT will continue to maintain R&D facilities in Prague. The move follows extensive management and board changes. (PR)
    | Comment!
  • Jun. 20, 2012, 9:07 AM
    KIT Digital (KITD), which had rallied  over 60% from its 52-week low during the last couple of weeks thanks to M&A hopes, is down 7% premarket.
    | Comment!
Visit Seeking Alpha's
Company Description
Currently, there's no company description for KITD.