5/21/2023 0 Comments Manycam alternative6,683,858. Trial is now scheduled for early third quarter of 2023. 6,683,858, and on January 19, 2023, the Examiner issued an Ex Parte Reexamination Certificate, ending the reexamination and confirming the patentability of claims 1-10 of U.S. On September 7, 2022, the United States Patent Office issued a reexamination of U.S. 6,683,858, and that the Company is entitled to damages.Ī Markman hearing took place on February 24, 2022. The Company alleges that Cisco's Webex products have infringed U.S. District Court for the Western District of Texas. On July 23, 2021, a wholly owned subsidiary of the Company, Paltalk Holdings, Inc., filed a patent infringement lawsuit against WebEx Communications, Inc., Cisco WebEx LLC, and Cisco Systems, Inc. Added game lobbies for our backgammon and chess games.Made progress in optimizing Man圜am integration, which we expect to lead to revenue growth.Signed up corporate customers for Man圜am subscriptions, advancing the business-to-business channel.Engaged Roth Capital Partners, LLC to assist with strategic initiative of potential mergers and acquisitions that focus on buy-side opportunities to accelerate growth and profitability.Released Man圜am version 8.0, an update with vast improvements over prior versions.Closed an asset acquisition of Man圜am, a live streaming software and virtual camera that allows users to deliver professional live videos on streaming platforms, video conferencing app and distance learning tools.Launched a mobile backgammon game with interactive real-time voice and video.Partnered with Hive Automated Content Moderation Solutions to roll out new content moderation software for increased user experience.The Company had $14.7 million in cash and no long-term debt on its balance sheet as of December 31, 2022īusiness Highlights for the Year Ended December 31, 2022.Deferred revenue increased 18% to $2.3 million compared to the prior year period.Repurchased 604,808 shares of common stock during the year ended Decempursuant to our stock repurchase plan at an average price per share of $1.65, or an aggregate amount of approximately $998,000.Adjusted EBITDA loss increased 307% to $2.6 million.Net loss increased 357% to $3.4 million.Advertising revenue decreased over 27% to $0.3 million.Subscription revenue decreased over 13% to $10.7 million.Key Financial Highlights for Year Ended DecemCompared to Prior Year Period Repurchased 287,719 shares of common stock during the three months ended Decempursuant to our stock repurchase plan at an average price per share of $1.48, or an aggregate amount of approximately $426,000.Adjusted EBITDA loss increased 112% to $0.5 million.Net loss increased 9276% to $0.5 million.Advertising revenue decreased 47% to $0.1 million.Subscription revenue decreased by 8% to $2.7 million. ![]() Key Financial Highlights for Fourth Quarter Ended DecemCompared to Prior Year Period
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