Helios and Matheson Analytics Inc (NASDAQ:HMNY) Releases Unaudited Earnings For Fiscal 4Q And 2014 Year-End

Helios and Matheson Analytics Inc (NASDAQ:HMNY) announced their unaudited results for the fourth quarter and fiscal 2014 period. For the fourth quarter of 2014 Helios reported revenue of $2.4 million. That was a decline compared to the same-period in 2013 that showed revenue of $3.3 million. Net income is projected at $13k and that also is a significant decline from the same-period which reported net income of $70k.

Why are analyst so optimistic about HMNY?

Debt Free

For the year, Helios and Matheson Analytics Inc (NASDAQ:HMNY) is showing revenues of $10.6 million. Compared to 2013’s results of $13.3 million, which is a decline of 20%. The net loss for the company is $18k or a per share loss of 8 cents. In 2013 Helios showed a profit of $383k, or 16 cents per share. The company is debt-free and that is a positive. Despite incurring the losses they were able to avoid incurring any debt. They have $4.6 million in assets and liabilities of only $634k.

Gross margins for the fourth quarter were 26%. That is compared to the same-period last year where the company’s gross margins were 19%. Helios and Matheson Analytics Inc (NASDAQ:HMNY) invested extra resources into its analytics business, in an attempt to bolster future sales growth.

IT Solutions

Helios and Matheson Analytics Inc (NASDAQ:HMNY) operates in the IT services sector. It provides solutions for companies in the banking, financial services, insurance and healthcare industries. Its portfolio of products includes consulting and custom application developments. It also provides analytical services. Its client list includes many Fortune 1000 operations.

Helios and Matheson Analytics Inc (NASDAQ:HMNY) had previously offered a dividend program to investors but with the profit downturn shareholders will have to wait for future opportunities for the free shares. They are trying to adjust to the revenue decreases by investing in their services portfolio in an effort to re-establish themselves as the leader in their industry.

Technicals

The stock recently ran up on the news of its earnings. It failed to close above resistance and that is a bearish signal. More volume is needed to take the shares higher.

About the Author

Michael joined US Markets Daily in 2009 and is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments.

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