News By: Jarrod Wesson Posted on August 7, 2017
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We put out our most recent look at Strikeforce Technologies Inc (OTCMKTS:SFOR) in our article named “Here’s What We’re Looking For From Strikeforce Technologies Inc (OTCMKTS:SFOR) Going Forward“, wherein we assessed the financial figures put out. Additionally, we highlighted that the demand for the company’s products was rising.
“And the recent release from Strikeforce reinforces this thesis. Management pointed towards the threat of security breaches being taken far more seriously now by all operators than ever before, and that the company is positioned to take advantage of this shift in perception is – in our eyes – indicative of a real chance for upside revaluation.” Source
This is what happened recently in the stock price. Have a look at how the price came back from $0.03 level to consolidate a little above $0.01 a share.
Source
Business
Let’s review the company’s background. It will help readers who are hearing this name for the first time. SFOR is a cyber security company providing services to the consumer products industry. The company sells “Out-of-Band Authentication” and “Endpoint Protection” “using keystroke encryption, for signing on securely to your bank, broker, retail stores”, etc. Additionally, security devices for Apple or Android mobile phones are also provided. The three main products are ProtectID® (authentication), GuardedID® (keystroke encryption), and MobileTrust®. On the website, it is mentioned that the company’s technology protects “against hackers, thieves and others trying to steal your information“.
Recent Developments – The Interview with the CEO
The most interesting announcement put out recently was on August 2, 2017, an interview with Mark L. Kay, CEO of StrikeForce Technologies, Inc.. We had a look at the podcast and could hear the CEO promising that 2017 will be the best year in the entire history of the firm. According to this executive, the company is in conversations with large corporate entities and is about to sign new deals with them. The announcement of one of this agreements would be a great catalyst for the stock, thus we will need to be alert. Additionally, CEO Mark L. Kay explained that the revenues at the end of the year are expected to be strong due to the large amount of deals in place.
What about the valuation of the stock? The CEO and the interviewer believe that the share price undervalues the company. Mark L. Kay noted that the new revenues that are about to come will start making a difference. Regarding the seven patents owned by SFOR and the lawsuits, the CEO explained that the company is in four courts at the same time and is using two law firms. The processes are taking a lot of time, but the CEO believes that everything will end up well and the company is in very good hands. Furthermore, the CEO expects the company to be up-listed to a more recognized exchange, which is great news and will increase the liquidity of the stock. Finally, regarding the next press releases from the company, the CEO said that he is expects to put out many at the end of the year about the new deals, which he could not discuss for obvious reasons. Other sites, such as Seeking Alpha, also assessed the interview and highlighted the following:
“StrikeForce projects in 2017 are to be the game changing year for StrikeForce Technologies as our products are increasing in sales and demand as Cyber Theft and Data Breaches increase daily and gain greater media coverage with corporate and consumer growing concerns. The projected increase is also based on documented increased Cyber Security budgets in 2017-2018 globally across all markets.” Source
The earnings release
On May 12, 2017, the company released its quarterly earnings for the period ended on March 31, 2017. We would highlight the following financial figures including the amount of shares outstanding:
Revenues for the period: $83,869
Total operating expenses: $1,177,502
Total amount of cash: $362,587
Convertible notes payable, net: $1,440,600
Weighted average common shares outstanding: 2,319,686,386 shares
In addition, we could get to know that the company holds the following preferred stock as well as convertible notes that the readers can verify in the report:
Series A Preferred stock, no par value: 3 shares issued and outstanding
Series B Preferred stock par value $0.10: 103,335 and 50,001 shares issued and outstanding respectively
As the amount of shares outstanding and the free float are always an interesting stat to check, we visited the OTC Markets website to provide those figures:
Authorized Shares: 5,000,000,000 as of June 22, 2017
Float: 2,318,450,000 as of June 22, 2017
Conclusion
SFOR is an interesting company to be followed closely, not only because it is operating in a sector, which is expected to grow at a high pace in the near future, but because the CEO clearly stated that 2017 is going to be the best year for the company. The most interesting information delivered by the CEO is that big corporations are about to sign deals with the company. It should be noted that the company expects to send new releases about these new agreements by the end of the year. As we already said that an agreement with a big company would make the share price rebound, hence be alert as the news hits the tape.
Be sure to check out our coverage on SFOR.
We will be updating our subscribers as soon as we know more. For the latest updates on SFOR, sign up below!
Image courtesy of ITU Pictures via Flickr
Disclosure: We have no position in SFOR and have not been compensated for this article.
Link to article:
https://insiderfinancial.com/strikeforce-tech...er/157998/
SHARE TWEET SHARE EMAIL COMMENTS
We put out our most recent look at Strikeforce Technologies Inc (OTCMKTS:SFOR) in our article named “Here’s What We’re Looking For From Strikeforce Technologies Inc (OTCMKTS:SFOR) Going Forward“, wherein we assessed the financial figures put out. Additionally, we highlighted that the demand for the company’s products was rising.
“And the recent release from Strikeforce reinforces this thesis. Management pointed towards the threat of security breaches being taken far more seriously now by all operators than ever before, and that the company is positioned to take advantage of this shift in perception is – in our eyes – indicative of a real chance for upside revaluation.” Source
This is what happened recently in the stock price. Have a look at how the price came back from $0.03 level to consolidate a little above $0.01 a share.
Source
Business
Let’s review the company’s background. It will help readers who are hearing this name for the first time. SFOR is a cyber security company providing services to the consumer products industry. The company sells “Out-of-Band Authentication” and “Endpoint Protection” “using keystroke encryption, for signing on securely to your bank, broker, retail stores”, etc. Additionally, security devices for Apple or Android mobile phones are also provided. The three main products are ProtectID® (authentication), GuardedID® (keystroke encryption), and MobileTrust®. On the website, it is mentioned that the company’s technology protects “against hackers, thieves and others trying to steal your information“.
Recent Developments – The Interview with the CEO
The most interesting announcement put out recently was on August 2, 2017, an interview with Mark L. Kay, CEO of StrikeForce Technologies, Inc.. We had a look at the podcast and could hear the CEO promising that 2017 will be the best year in the entire history of the firm. According to this executive, the company is in conversations with large corporate entities and is about to sign new deals with them. The announcement of one of this agreements would be a great catalyst for the stock, thus we will need to be alert. Additionally, CEO Mark L. Kay explained that the revenues at the end of the year are expected to be strong due to the large amount of deals in place.
What about the valuation of the stock? The CEO and the interviewer believe that the share price undervalues the company. Mark L. Kay noted that the new revenues that are about to come will start making a difference. Regarding the seven patents owned by SFOR and the lawsuits, the CEO explained that the company is in four courts at the same time and is using two law firms. The processes are taking a lot of time, but the CEO believes that everything will end up well and the company is in very good hands. Furthermore, the CEO expects the company to be up-listed to a more recognized exchange, which is great news and will increase the liquidity of the stock. Finally, regarding the next press releases from the company, the CEO said that he is expects to put out many at the end of the year about the new deals, which he could not discuss for obvious reasons. Other sites, such as Seeking Alpha, also assessed the interview and highlighted the following:
“StrikeForce projects in 2017 are to be the game changing year for StrikeForce Technologies as our products are increasing in sales and demand as Cyber Theft and Data Breaches increase daily and gain greater media coverage with corporate and consumer growing concerns. The projected increase is also based on documented increased Cyber Security budgets in 2017-2018 globally across all markets.” Source
The earnings release
On May 12, 2017, the company released its quarterly earnings for the period ended on March 31, 2017. We would highlight the following financial figures including the amount of shares outstanding:
Revenues for the period: $83,869
Total operating expenses: $1,177,502
Total amount of cash: $362,587
Convertible notes payable, net: $1,440,600
Weighted average common shares outstanding: 2,319,686,386 shares
In addition, we could get to know that the company holds the following preferred stock as well as convertible notes that the readers can verify in the report:
Series A Preferred stock, no par value: 3 shares issued and outstanding
Series B Preferred stock par value $0.10: 103,335 and 50,001 shares issued and outstanding respectively
As the amount of shares outstanding and the free float are always an interesting stat to check, we visited the OTC Markets website to provide those figures:
Authorized Shares: 5,000,000,000 as of June 22, 2017
Float: 2,318,450,000 as of June 22, 2017
Conclusion
SFOR is an interesting company to be followed closely, not only because it is operating in a sector, which is expected to grow at a high pace in the near future, but because the CEO clearly stated that 2017 is going to be the best year for the company. The most interesting information delivered by the CEO is that big corporations are about to sign deals with the company. It should be noted that the company expects to send new releases about these new agreements by the end of the year. As we already said that an agreement with a big company would make the share price rebound, hence be alert as the news hits the tape.
Be sure to check out our coverage on SFOR.
We will be updating our subscribers as soon as we know more. For the latest updates on SFOR, sign up below!
Image courtesy of ITU Pictures via Flickr
Disclosure: We have no position in SFOR and have not been compensated for this article.
Link to article:
https://insiderfinancial.com/strikeforce-tech...er/157998/
