Anastas Gegov

Blue Calypso Inc (OTCMKTS:BCYP) Reaches A New 52-Week Low

by Anastas Gegov December 16, 2015

Blue Calypso Inc (OTCMKTS:BCYP, BCYP message board) has been sliding down the charts for quite some time now and we have often seen sessions that ended without a single share being traded in the past half a year.

 

Meanwhile, the company has been issuing regular press releases that only appear to briefly affect the ticker’s price before it comes crashing back down. This is all happening despite the fact that BCYP’s financials aren’t that bad compared to other OTC entities. Here is an example from the balance sheet for the third quarter of the year.

 

  • cash: $1.68 million
  • current assets: $1.91 million
  • current liabilities: $888 thousand
  • quarterly revenues: $508 thousand
  • quarterly net loss: $792 thousand

 

We see that the company has a decent amount of cash on hand and relatively small liabilities, despite the fact that they have increased compared to the beginning of the year. Another good sign is that the revenues have grown on a year-over-year basis and the recorded net loss has been significantly decreased.

 

In the end of September the company also announced an order from Yelp Inc (NYSE:YELP) for its KIOSentrix ® AC powered beacons. The press release also mentioned that BCYP and YELP have “agreed to dismiss their pending lawsuit”.

 

This, however, hasn’t stopped the ticker from sliding down. The latest session saw BCYP lose a hefty 32.24% of its value and close at a 52-week low of $1.03. The 169 thousand shares that changed their owners only managed to generate $176 thousand in daily dollar volume.

 

It seems that BCYP has become quite illiquid once again in today’s trading. On the good side of things, it has climbed 11.65% as of the writing of this article. In any case, you should be sure to do your due diligence and weigh out the risks before putting any money on the line.

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