Revenue Update on VirnetX Holding Corporation(NYSEMKT:VHC)

VirnetX Holding Corporation(NYSEMKT:VHC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Earnings per share were $-0.10.

VirnetX Holding Corporation (VHC) shares turned negative on Wednesdays trading session with the shares closing down -0.08 points or -2.92% at a volume of 4,61,002. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.78. The peak price level was also seen at $2.78 while the days lowest was $2.66. Finally the shares closed at $2.66. The 52-week high of the shares is $9.6399 while the 52-week low is $1.95. According to the latest information available, the market cap of the company is $151 M.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2015, Kendall Larsen (CEO) purchased 3,675 shares at $2.65 per share price.Also, On Nov 30, 2015, Robert D Iii Short (director) purchased 6,997 shares at $2.70 per share price.On Nov 17, 2015, Richard H Nance (CFO) purchased 3,000 shares at $2.99 per share price, according to the Form-4 filing with the securities and exchange commission.

VirnetX Holding Corporation is an Internet security software and technology Company with patented technology for secure communications including 4G LTE security. The Company’s software and technology solutions including its secure domain name registry and GABRIEL Connection Technology are designed to facilitate secure communications and provide the security platform required by Internet-based applications such as instant messaging (IM) voice over Internet protocol (VoIP) mobile services streaming video file transfer remote desktop and machine-to-machine (M2M) communications. Its portfolio is primarily focused on securing communications over the Internet as well as related services such as the establishment and maintenance of a secure domain name registry. Its methods also have additional applications in the areas of device operating systems and network security for Cloud services M2M communications in the initiatives like Smart City Connected Car and Connected Home.

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