Quarterly Results Review - Report on Sysorex Global Holdings

NEW YORK, September 18, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Sysorex Global Holdings Corp. (NASDAQ: SYRX). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=SYRX  

Highlights from our SYRX Report include:

• Record Quarterly Revenues - On August 05, 2015, the big data analytics and solutions provider firm, Sysorex Global Holdings Corporation (Sysorex), announced results for the second quarter ended June 30, 2015. The Company reported record revenues of $17.7 million in second quarter, as against $17.1 million in the same period a year earlier, reflecting approximately 3.5% year-over-year growth. This $600,000 growth in revenue was primarily driven by a rise in revenue from the Professional Services and Storage and Computing businesses. However, lower revenue from Mobile, IoT & Big Data Products, restricted the top-line growth. As stated in the release, total revenue for Q2 2015 was comprised of $13.4 million of revenue from Storage and Computing business; $987,000 of revenue from SaaS; $233,000 of revenue from Mobile, IoT & Big Data Products; and $3.1 million of revenue from Professional Services business.

• Profitability and Margins - The Company's gross profit for Q2 2015 remained unchanged from the prior year period's gross margin of $5.7 million. Gross profit margin contracted by approximately 100 basis points (bps) to 32% in the June 2015 quarter, compared to the gross margin of 33% reported in the same period a year ago. GAAP net loss attributable to common stockholders narrowed to $1.7 million in Q2 2015, compared to a loss of $2.4 million in Q2 2014. Higher loss in the prior-year period was mainly attributed to the cost related to the acquisition of AirPatrol in Q2 2014. On non-GAAP basis, pro-forma net loss for Q2 2015 stood at $225,000 compared to non-GAAP net income of $265,000 recorded in Q2 2014. Further, pro-forma, non-GAAP net loss per basic and diluted common share arrived at $0.01 for Q2 2015, compared to earnings per basic and diluted common share of $0.01 in Q2 2014.

• Business Updates - On July 29, 2015, Sysorex announced that Hearst Corporation, the owner of 15 daily and 34 weekly newspapers including the well-known San Francisco Chronicle, Houston Chronicle, San Antonio Express-News and Albany Times Union, renewed three year contract for the Company's Shoom eTearsheets. Shoom eTearsheets is an advertising proof-of-publication and competitive analysis service for newspaper publishers. Hearst renewed its contract with the Company for the third time.

To find out how this influences our rating on Sysorex Global Holdings Corp., read the full report in its entirety here: http://www.aciassociation.com/reports?keyword=SYRX

--

About ACI Association: 

Active Charter Investors Association ("ACI Association") produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. ACI Association has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

ACI Association has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:  

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer"). Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on sound investment judgment and publicly available information which is believed to be reliable. The Reviewer and the Sponsor have not performed any independent investigations or forensic audits to validate the information herein. Unless otherwise noted, any content outside of this document has no association with the Author, the Reviewer, or the Sponsor (collectively referred to as the "Production Team") in any way. The Production Team is compensated on a fixed monthly basis and do not hold any positions of interest in any of the securities mentioned herein.  

NO WARRANTY 

ACI Association, the Author, the Reviewer and the Sponsor (collectively referred to as the "Publishers") are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by the Publishers whatsoever for any direct, indirect or consequential loss arising from the use of this document. The Publishers expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, the Publishers do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither ACI Association nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.aciassociation.com/.

RESTRICTIONS 

ACI Association is not available to residents of Belarus, Cuba, Canada, Iran, North Korea, Sudan, Syria or Somalia. Do not send email to robottrap (at) aciassociation.com.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE www.aciassociation.com