Beamr video compression achieves up to 50% improvement for AVs
Voip-pal.com Inc (OTCMKTS:VPLM) CFO Jin Kuang recently sold 200,000 shares of company stock, according to a new SEC filing. The transaction, which took place on August 22, 2024, resulted in a total sale value of $2,540, with shares sold at a price of $0.0127 each.
The sale decreased Kuang's direct ownership in the telecommunications equipment company to 863,235 shares. Voip-pal.com Inc, which is incorporated in Nevada and has a fiscal year-end on September 30, is recognized within the industry for its telephone and telegraph apparatus manufacturing.
In addition to the sale, the filing also disclosed holdings in derivative securities, specifically options and warrants for common stock. These derivatives include options for 5,000,000 shares and two sets of warrants, each for 5,000,000 shares, with one set exercised on April 25, 2024, and the other on August 18, 2024. The total number of warrants held following the transactions is reported to be 15,000,000.
The reported transactions provide a glimpse into the trading activities of one of the company's key executives and may be of interest to investors tracking insider transactions. The company's stock, traded under the symbol VPLM, has seen its executives actively managing their holdings through various transactions.
InvestingPro Insights
Voip-pal.com Inc (OTCMKTS:VPLM) has recently been in the spotlight due to the insider trading activity of its CFO, but what does the broader financial landscape look like for the company? According to InvestingPro data, Voip-pal.com Inc holds a market capitalization of $42.65 million. Despite the company's efforts in the telecommunications equipment sector, it has reported negative gross profit margins, with a gross profit of -$0.01 million in the last twelve months as of Q3 2024. This aligns with the company's reported operating loss of $7.6 million for the same period.
InvestingPro Tips suggest that the firm's stock has experienced significant price volatility, which is evident from the stock's one-week total price return showing a sharp 10% decline. This could be indicative of market sentiment and the company's performance outlook. Moreover, Voip-pal.com Inc is trading at a high Price/Book multiple of 16.37, which could suggest that the stock is relatively expensive compared to the company's book value.
An additional InvestingPro Tip to consider is that Voip-pal.com Inc does not pay dividends, which may influence the investment decisions of income-focused shareholders. For those looking to delve deeper into the company's financials and future prospects, InvestingPro offers a wealth of additional tips, with 7 more detailed insights available on the platform.
While the recent insider trading by Voip-pal.com Inc's CFO has garnered attention, these InvestingPro Insights help paint a fuller picture of the company's financial health and may guide investors in making more informed decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.