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OneMeta Inc. (OTCQB:ONEI), a company specializing in computer processing and data preparation, announced today that it has entered into a partnership agreement with Genesys Cloud Services, Inc., a prominent player in the customer experience industry.
The agreement, effective as of Monday, August 22, 2024, allows OneMeta Inc. to join the Genesys AppFoundry Program as an AppFoundry ISV Partner.
The Genesys AppFoundry is an online marketplace featuring a wide range of integrations and applications designed to enhance customer experience platforms. As part of the agreement, OneMeta Inc. will offer its software solutions through the AppFoundry, expanding its reach to Genesys customers seeking innovative data processing tools and services.
Under the terms of the partnership, OneMeta Inc. will contribute a non-refundable revenue share to Genesys, calculated as a percentage of the revenue from sales made through the AppFoundry marketplace. This arrangement is designed to incentivize both parties and align their interests in promoting and selling OneMeta Inc.'s software products.
The agreement stipulates that either party may terminate the partnership with a ninety-day written notice, providing a measure of flexibility to both OneMeta Inc. and Genesys.
This strategic move is expected to bolster OneMeta Inc.'s position in the market by leveraging Genesys's established customer base and marketplace infrastructure. The collaboration is anticipated to enhance the company's visibility and accessibility to potential users within the Genesys ecosystem.
The information disclosed is based on a recent SEC filing and serves to inform the public and investors of OneMeta Inc.'s latest business developments.
InvestingPro Insights
Following the announcement of OneMeta Inc.'s partnership with Genesys Cloud Services, investors may find the latest data from InvestingPro particularly informative. OneMeta Inc.'s market capitalization stands at a modest $21.19 million, reflecting its status as a niche player in the computer processing and data preparation industry.
Despite the potential market expansion through the Genesys AppFoundry Program, the company has not been profitable over the last twelve months, with a negative P/E ratio of -3.81. This is further emphasized by the adjusted P/E ratio for the last twelve months as of Q2 2024, which is -6.01.
Moreover, OneMeta has experienced a significant return over the last week, with a 22.73% price total return, which may interest traders looking for short-term movements. However, with a 29.78% decline in revenue over the last twelve months as of Q2 2024, and a steep quarterly revenue drop of 87.75% in Q2 2024, analysts anticipate a sales decline in the current year.
These InvestingPro Tips could be crucial for investors considering the long-term growth prospects of OneMeta Inc., especially in light of its high price volatility and recent price declines over the past three months.
For those interested in more detailed analysis and additional insights, there are 11 more InvestingPro Tips available for OneMeta Inc. These can be accessed by visiting https://www.investing.com/pro/ONEI, providing investors with a comprehensive view of the company's financial health and market potential.
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