Analyst Upgrade IDI Inc. - Small Cap Street

Aug 18, 2015, 07:00 ET from Small Cap Street

NEW YORK, Aug. 18, 2015 /PRNewswire/ -- PRNewswire - IDI Inc. (NYSE-MKT: IDI) an information solutions provider focused on the data-fusion market has recently been subject to negative publicity and as a result has seen its shares fall from a 52 – week high to a 52 – week low. The news came as a combination of poor Q2 financial results and the filing of a lawsuit claiming the company has been partaking in illegal market activity.

The company reported revenue of $1.0 million and $2.3 million from data fusion operations for the three and six months ended June 30, 2015, respectively. The company earned additional revenue of $0.2 million from its discontinued China operations (representing revenue from March 22, 2015 on). IDI Inc. reported a net loss of $4.0 million (including $1.9 million of non-cash share-based compensation expenses) from data fusion operations and $41.5 million (including $40.2 million of non-cash charges) from discontinued China operations for the three months ended June 30, 2015. Additionally, the company announced a recent $10 million financing that has strengthened its cash position beyond necessity and will likely allow for expansion, and further revenue growth and bottom line improvement.

For a more detailed research report with analyst comments and recommendation on IDI Inc. please follow the link. There is no cost obligation required to view analyst brief.

About Small Cap Street

We make the connection between sophisticated investors and high quality micro and small cap companies. An issuer of reports that provide a straightforward assessment of the profiled company. They include stocks traded in the NYSE, NASDAQ, and OTCBB exchanges.

Safe Harbor Statement

This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company refers interested persons to its most recent Annual Report on Form 10-K and its other SEC filings for a description of additional uncertainties and factors, which may affect forward-looking statements. The company assumes no duty to update its forward-looking statements.

Compliance Procedure

Content is researched, written and reviewed on a best-effort basis by a 3rd party research analyst. However, we are only human and may make mistakes. This report was prepared for informational purposes only. A full disclaimer can be found by viewing the full analyst report. For more information and services provided beyond this press release please use contact information provided below. If you notice any errors or omissions, please notify us.


Source: Small Cap Street

SOURCE Small Cap Street