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broadcast international inc (BCST) Snapshot

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Day High
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52 Week High
07/31/13 - $0.09
52 Week Low
12/31/13 - $0.0050
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Average Volume 10 Days
Shares Outstanding
Dividend Yield

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broadcast international inc (BCST) Details

Broadcast International, Inc. installs, manages, and supports private communication networks for large organizations in the United States. The company provides network-based services, such as network design and engineering, equipment and installation, network management, help desk, on-site maintenance and service, full-time or occasional satellite transponder purchase, and uplink facilities or remote SNG uplink trucks. It also offers streamed video hosting services, including server space, Internet, secure access, links from client’s Website, customized link pages and media viewers, testing or self-check, interactive discussion threads, participation/performance reports for managers/administrators, email notification to participants, pay-per-view or other e-commerce applications, live events, and technical support. In addition, the company provides production and content development services, such as video/audio production and encoding, editing/post-production, instructional design, conversion of text or PowerPoint to HTML, alternative language conversion, and access to off-the-shelf video training content. Further, it owns and licenses CodecSys, a video compression technology that converts video content into digital data stream for transmission over satellite, cable, Internet, or wireless networks. The company’s products and services are used for internal business applications, such as briefings delivery, products or services launch, marketing campaigns presenting, employee training, announcing changes or implementing policies and procedures, and responding to crisis situations; and external business applications, including advertising display, promotional presentations, customer training, sponsoring satellite media tour, and video/audio news releases, as well as training and communicating with sales agents, dealers, VARs, franchisees, association members, etc. Broadcast International, Inc. was founded in 1999 and is headquartered in Salt Lake City, Utah.

8 Employees
Last Reported Date: 03/31/14
Founded in 1999

broadcast international inc (BCST) Top Compensated Officers

President, Principal Executive Officer and Di...
Total Annual Compensation: $141.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $103.4K
Compensation as of Fiscal Year 2013.

broadcast international inc (BCST) Key Developments

Broadcast International Inc. Auditor Raises 'Going Concern' Doubt

Broadcast International Inc. filed its 10-K on Mar 31, 2014 for the period ending Dec 31, 2013. In this report its auditor, H J & Associates, LLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Broadcast International Inc. Announces Resignation of Philip Zobrist from the Board of Directors

Broadcast International Inc. announced that on February 21, 2014, the Board of Directors unanimously accepted the resignation of Mr. Philip Zobrist from the Board of Directors. Mr. Zobrist, a Board member since June 2009, resigned from the Board to more actively pursue his real estate business and devote more time to his personal investments.

Broadcast International Announces Consolidated Earnings Results for the Year Ended December 31, 2012

Broadcast International announced consolidated earnings results for the year ended December 31, 2012. For the year, the company's net sales were $7,523,624 compared to $8,446,082 a year ago. Total operating loss was $6,063,686 compared to $7,994,562 a year ago. Income before income taxes was $1,602,824 compared to $1,304,446 a year ago. Net income was $1,602,824 or $0.02 basic and diluted per share compared to $1,304,446 or $0.02 basic and diluted per share a year ago. Revenue decrease was primarily due to fewer expansion sites installed for the company's large digital signage customer. Net income improvement was primarily due to a gain on the extinguishment of debt, as well as a decrease in the company's loss from operations, partially offset by a decrease in the amount of derivative valuation gain related to the company's convertible notes and investor warrants.


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