September 19, 2014 11:10 AM ET

Internet Software and Services

Company Overview of Rightscorp, Inc.

Company Overview

Rightscorp, Inc. operates as a technology company that has a patent-pending proprietary method for collecting payments from illegal downloaders of copyrighted content through notifications sent to their Internet service providers (ISP’s). The company’s technology system monitors peer-to-peer file sharing networks and sends through email to ISP’s notifications of copyright infringement by the ISPs’ customers with date, time, copyright title, and other specific technology identifiers worldwide. It primarily serves copyright holders. The company was founded in 2011 and is headquartered in Santa Monica, California.

3100 Donald Douglas Loop North

Santa Monica, CA 90405

United States

Founded in 2011

7 Employees

Phone:

310-751-7510

Key Executives for Rightscorp, Inc.

Chief Executive Officer and Director
Age: 50
Total Annual Compensation: $211.4K
Co-Founder
Age: 48
Total Annual Compensation: $220.0K
Compensation as of Fiscal Year 2013.

Rightscorp, Inc. Key Developments

Rightscorp, Inc. Presents at Aegis Capital 2014 Healthcare & Technology Conference, Sep-11-2014 10:45 AM

Rightscorp, Inc. Presents at Aegis Capital 2014 Healthcare & Technology Conference, Sep-11-2014 10:45 AM. Venue: The Encore at Wynn Las Vegas, 3121 Las Vegas Blvd. South, Las Vegas, NV 89109, United States. Speakers: Christopher Sabec, Chief Executive Officer and Director.

Rightscorp, Inc. Announces Executive Changes

Rightscorp announced changes to its Board and management structure, effective immediately. Rightscorp has named its independent Board Member Brett M. Johnson as Chairman. In addition, the company appointed its current Chief Operating Officer, Robert Steele, as President. Brett joins as the Chairman of the Board with extensive public, private and non-profit Board Member experience, and has demonstrated experience and success managing all operational disciplines. From 2010 to August 2012, Brett was the CEO and President of Forward Industries.

Rightscorp, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Rightscorp, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $251,481 compared to $52,670 a year ago. Loss from operations was $743,599 compared to $400,142 a year ago. Loss from operations before income taxes was $754,239 compared to $487,930 a year ago. Net loss was $754,239 compared to $487,930 a year ago. Basic and diluted net loss per share was $0.01 compared to $0.02 a year ago. The growth in revenues were driven by an increase in the number of copyrights under contract, an increase in active copyrights uploaded into Rightscorp's automated system and by the growing number of ISPs participating in the Company's service, creating a multiplier effect. For the six months, the company reported revenue of $440,414 compared to $101,926 a year ago. Loss from operations was $1,384,055 compared to $669,840 a year ago. Loss from operations before income taxes was $1,405,281 compared to $809,977 a year ago. Net loss was $1,405,281 compared to $809,977 a year ago. Basic and diluted net loss per share was $0.02 compared to $0.03 a year ago. The increase in revenue was driven by an increase in the number of copyrights ingested into the system for which the company has contracts to monitor for infringements, from approximately 21,000 on June 30, 2013 to approximately 80,000 on June 30, 2014.

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Private Placement
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