Last $0.44 USD
Change Today +0.07 / 18.92%
Volume 79.3K
AMBT On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

ambient corp (AMBT) Snapshot

Open
$0.37
Previous Close
$0.37
Day High
$0.45
Day Low
$0.34
52 Week High
08/1/13 - $3.43
52 Week Low
07/23/14 - $0.32
Market Cap
7.7M
Average Volume 10 Days
113.2K
EPS TTM
$-1.06
Shares Outstanding
17.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AMBIENT CORP (AMBT)

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ambient corp (AMBT) Details

Ambient Corporation designs, develops, and sells communications and applications platform for utilities and other grid managers. The company’s Ambient Smart Grid communications platform enables utilities to deploy and integrate multiple smart grid applications and technologies, in parallel on a single communications infrastructure, supporting smart metering, distribution automation, distribution management, demand response, distributed generation, and others. Its platform provides utilities with a two-way and open Internet protocol (IP) architecture that networks smart grid applications and various technologies within an application, and supports multiple communications technologies used by utilities, such as Wi-Fi, radio frequency, cellular technologies, power line communications, serial, and Ethernet. The company also offers smart grid communications nodes that are physical boxes, which contain the hardware and embedded software needed for communications and data collection in support of smart grid assets; AmbientNMS, a network management system that controls communications nodes, devices, and customers on a smart grid network; and Ambient Power Quality Monitoring solution, a combination of software and hardware that enables utilities and distribution network operators to measure an array of power quality parameters on medium and/or low voltage distribution grids, on overhead and/or underground lines, and at distribution substations or transformers. In addition, the company provides maintenance and implementation services to maintain its software installed; and consulting services relating to product development, network management services, and smart grid deployment strategies. Ambient Corporation was founded in 1996 and is headquartered in Newton, Massachusetts.

41 Employees
Last Reported Date: 04/14/14
Founded in 1996

ambient corp (AMBT) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $344.1K
Chief Operating Officer
Total Annual Compensation: $223.0K
Compensation as of Fiscal Year 2013.

ambient corp (AMBT) Key Developments

Ambient Corporation(NasdaqCM:AMBT) dropped from NASDAQ Composite Index

Ambient Corporation will be removed from the NASDAQ Composite Index.

NASDAQ Denies Ambient Corporation Request For Extension Of Time To Regain Compliance

On April 17, 2014, Ambient Corporation received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (NASDAQ) indicating that the Company no longer complies with the minimum stockholders’ equity requirement for continued listing on the NASDAQ Capital Market. Nasdaq Listing Rule 5550(b)(1) requires companies listed on the NASDAQ Capital Market to maintain stockholders’ equity of at least $2.5 million. NASDAQ requested that the Company submit a plan (the “Plan”) to return to compliance with the minimum stockholders’ equity listing requirement. The receipt of this letter was previously disclosed by the Company in a report on a Form 8-K on April 24, 2014. On June 10, 2014 the Company submitted to the Staff a Plan to regain compliance with the Rule. On July 10, 2014, NASDAQ provided written notification to the Company that the Staff has determined to deny the Company’s request for an extension of time to regain compliance. The Company may appeal this determination which would be reviewed by a hearings panel. Absent such appeal, the Company’s common stock will be delisted from the Nasdaq Capital Market at the opening of business on July 21, 2014. The Company does not plan to appeal this determination. Following the delisting of the Company’s common stock, the Company expects to be eligible for quotation on the OTC Bulletin Board, a regulated quotation service that displays real-time quotes, last sale prices and volume information in over-the-counter securities. However, quotation on the OTC Bulletin Board will depend on whether one or more market makers successfully apply to quote the Company’s securities. No assurance can be given that market makers currently making a market in the Company’s securities will continue to make a market in the Company’s common stock or that the Company’s common stock will continue to be eligible for quotation on the OTC Bulletin Board. If the Company’s common stock is not quoted on the OTC Bulletin Board beginning on July 21, 2014, the Company expects that the common stock will trade on the Pink Sheets, a real-time quotation service maintained by Pink Sheets LLC, beginning on July 21, 2014. The Company cannot, however, provide any assurance that its common stock will be quoted on the OTC Bulletin Board, or in any other quotation service, following the delisting from the Nasdaq Stock Market.

Ambient Launches Cloud-Based Version of Network Management System

Ambient Corporation has launched the cloud-based version of AmbientNMS, a network management system, which manages communications between grid devices and the utility operations center, and provides a suite of software applications for grid monitoring and management. The cloud-based variant of the AmbientNMS enables utilities to quickly and cost-effectively add the necessary computing resources to manage vital communications for smart grid applications, making use of the power and flexibility of infrastructure-as-a-service.

 

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AMBT

Industry Average

Valuation AMBT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.5x
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