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10/29/13 - $7.00
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one horizon group inc (OHGI) Details

One Horizon Group, Inc., through its subsidiaries, develops and licenses software solutions to telecommunications operators. The company develops Horizon platform, a bandwidth-efficient voice over Internet protocol platform for smart phones and tables; and provides optimized data applications, including multi-media messaging and mobile advertising. It also licenses its software solutions to telecommunications network operators and service providers in the mobile, fixed line, cable TV, and satellite communications markets; and provides software maintenance services. The company has operations in Switzerland, Ireland, the United Kingdom, China, India, Russia, Singapore, and Hong Kong. One Horizon Group, Inc. is based in Baar, Switzerland.

29 Employees
Last Reported Date: 04/15/14

one horizon group inc (OHGI) Top Compensated Officers

Founder, Chairman, Chief Executive Officer, P...
Total Annual Compensation: $676.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $311.0K
Compensation as of Fiscal Year 2013.

one horizon group inc (OHGI) Key Developments

Smart Communications, Inc. Launches Optimized VoIP for Filipino Seafarers Using One Horizon Group, Inc. Technology

One Horizon Group, Inc. announced that Smart Communications, Inc., is launching a pre-paid VoIP Smartphone app using its optimized software platform. Smart is commencing the rollout of the Smartphone mobile app, branded Link Plus, as a pre-paid Over The Top Android App that will be available to download from the Google Play Store. The target audience for this pay-as-you-go VoIP service is nearly 400,000 Filipino seafarers deployed all over the world. Once Link Plus is installed on the Smartphone, the user's app will receive a new Virtual SIM telephone number from Smart.

One Horizon and Singapore Telecommunications Limited Sign Deal to Deliver Optimized VoIP to Smartphones for Mobile Satellite Users

One Horizon Group, Inc. announced that it has signed a deal to deliver its optimized VoIP and Messaging over IP smartphone mobile app to Singapore Telecommunications Limited. SingTel has signed a deal to add the One Horizon mobile VoIP app to their existing One Horizon software platform for mobile satellite services. This upgrade will bring even more innovation to the 'SingTel AIO Connect' service. This mobile VoIP app can be downloaded from the Apple App Store and Google's Play Store.

One Horizon Group, Inc. Announces Consolidated Financial Results for the Second Quarter and Half Year Ended June 30, 2014

One Horizon Group, Inc. announced consolidated financial results for the second quarter and half year ended June 30, 2014. For the quarter, revenue was $1,304,000 against $1,253,000 a year ago. Loss from operations was $481,000 against $1,892,000 a year ago. Loss before income taxes was $545,000 against $1,949,000 a year ago. Net loss attributable to the company was $523,000 against $1,905,000 a year ago. Basic and diluted net loss per share was $0.02 against $0.06 a year ago. Non-GAAP adjusted operating income was $177,000 against loss of $1,449,000 a year ago. The increase in Revenue was primarily due to higher sales of master licenses which management expects to continue as more companies and users sign up for the One Horizon VoIP Platform. For the half year, revenue was $2,489,000 against $3,172,000 a year ago. Loss from operations was $1,020,000 against $1,935,000 a year ago. Loss before income taxes was $1,132,000 against $2,047,000 a year ago. Net loss attributable to the company was $911,000 against $2,003,000 a year ago. Basic and diluted net loss per share was $0.03 against $0.06 a year ago. Net cash used in operating activities was $859,000 against $1,728,000 a year ago. Acquisition of intangible assets was $637,000 against $494,000 a year ago. Acquisition of property and equipment was $49,000 against $104,000 a year ago. Excluding non-cash depreciation and amortization and stock-based compensation expenses, non-GAAP adjusted operating income of $0.2 million for the six months ended June 30, 2014, an improvement from an operating loss of $0.5 million in the comparative period in 2013.


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