12/31/2023 0 Comments Helios and matheson stock buy![]() ![]() MoviePass will introduce family plans and a bring-a-friend feature in the future, as well as give users the option to pay to upgrade to premium formats such as IMAX and 3D, it said. Helios also suggested in its filing that MoviePass may soon be moving to introduce more expensive options that would increase revenue. Subscribers are no longer allowed to see films more than once, and the MoviePass app has been upgraded to guard against pass-sharing. However, Wall Street was heartened by Helios Chairman Ted Farnsworth’s announcement that MoviePass had cut its cash deficit in May by nearly 40 percent - thanks to new restrictions placed on users. And had only $15.5 million in available cash as of April 30. Helios said last week that it had been burning through cash at a rate of nearly $22 million a month. The stock’s rebound hardly fixed a dent in the damage from last week’s bloodbath, which saw its value plummet about 70 percent when the company revealed that it had less than a month’s worth of cash in the bank. Last year, before partnering with MoviePass and introducing the low-price all-you-can-watch deal, Helios had revenue of $1.4 million. Helios reported that its 92 percent stake in MoviePass lost the company $98.3 million in the first quarter on revenue of $48.6 million. The surprise profit caused shares to bounce back 4.4 percent, to 68 cents - a rare piece of positive news for a stock that is down 93 percent from its 2018 high. ![]() Wall Street had forecast a loss of $2.08. Shares of Helios & Matheson Analytics, the parent company of the popular $9.99-a-month subscription plan, rebounded slightly on Wednesday after the company defied predictions and reported a 9-cent profit per share attributable to common shareholders. Is MoviePass coming back? Countdown clock is ticking on its websiteĬredits roll on MoviePass as company files for bankruptcyįew expected this climactic moment in the MoviePass saga. MoviePass is back - and it wants to track your eyeballsīack from the dead: MoviePass angling to make a comeback in 2022 ![]()
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