helios and matheson stock price forecast

With its sizable audience, Moviefone also stands to serve as a lead generator for MoviePass subscriptions. Helios and Matheson said the Moviefone acquisition is the next major step in building out its content-marketing strategy and advertising revenue platform for MoviePass, which sells a monthly subscription plan that lets customers attend one movie screening per day at participating theaters. The site provides movie trailers, info on films and theaters, and ticketing (through NBCUniversal’s Fandango). Moviefone currently has 6 million monthly unique visitors.

© 2023 NYP Holdings, Inc.Verizon’s ownership of 5.1 million shares of Helios and Matheson represent 9.3% of HMNY’s common shares. The family plan will accelerate user acquisition “given one decision-maker would be capable of paying for multiple users,” it said.įarnsworth told The Post last week that he is “not worried” about the company’s cash flow because the firm is sitting on $300 million’s worth of stock it’s authorized to sell. The bring-a-friend feature - which would allow a MoviePass subscriber to purchase a discounted ticket for a friend or date - will prove to prospective studio and exhibition partners that its customers can “influence their friends to go to the movies more,” the company said. 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.

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Helios and matheson stock price forecast