But it was still losing $7.4 million on $6.8 million in revenue. Helios may not have been losing "$146 million a year" before MoviePass, true. ![]() First and foremost, even after spinning off MoviePass, Helios envisions "HMNY retaining control of MoviePass Entertainment upon any such distribution." Thus, while separated from MoviePass in the public's perception, Helios would presumably still be responsible for MoviePass' continuing losses.Īnd second - to be blunt, Helios and Matheson was never that great of a business to begin with. But separated from Helios, MoviePass' difficulties would no longer taint the results of its current parent - or as CEO Ted Farnsworth put it: "The market perception of HMNY might benefit from separating our movie-related assets from the rest of our company." Now whatĪssuming this plan is followed to completion, does it make Helios and Matheson stock a "buy?" Get all the information on Helios and Mat with historic price charts for NSE. as separate public company." Presumably, absent additional changes to the business model, this would still be a money-losing company. Helios and Mat Share Price: Find the latest news on Helios and Mat Stock Price. Though the subscriber base has grown from 1.5 million to 2 million subscribers in the. Seeking to correct that error, this morning Helios and Matheson announced it's exploring a plan "to spin off MoviePass. This wave of excitement sent the price of Helios and Matheson stock to almost 39 per share at one point. But halfway through 2017, the company revamped its business model by acquiring a majority stake in all-you-can-eat movie subscription service MoviePass, and by the end of that year, Helios's losses had ballooned to $146 million - which kind of suggests that buying MoviePass was a mistake. In 2016, data analytics company Helios and Matheson reported a $7.4 million net loss on $6.8 million in revenue - admittedly, not a great result. Surprise! Helios and Matheson prepares to toss MoviePass overboard. ![]() Its serves to government, healthcare, financial, education and retail industries. Its operates through the following segments: Consulting, Technology, and Subscription. engages in the provision of information technology services and solutions. ![]() Cartoon pirate forcing businessman to walk the plank About Helios and Matheson Analytics (HMNY) Helios & Matheson Analytics, Inc.
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