Revenue Update on pdvWireless Inc(NASDAQ:PDVW)

pdvWireless Inc(NASDAQ:PDVW) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jun 13, 2016. Company reported revenue of $950.82K. Analysts estimated a revenue of $1.00M. Earnings per share were $-0.47. Analysts had estimated an EPS of $-0.38.

pdvWireless Inc (PDVW) made into the market gainers list on Fridays trading session with the shares advancing 0.95% or 0.2 points. Due to strong positive momentum, the stock ended at $21.15, which is also near the day’s high of $22.31. The stock began the session at $21.05 and the volume stood at 2,21,714 shares. The 52-week high of the shares is $44.71 and the 52 week low is $18.6. The company has a current market capitalization of $302 M and it has 1,43,00,790 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2016, Brian Mcauley (Chairman of the Board) purchased 2,500 shares at $28.19 per share price.Also, On Nov 18, 2015, John Pescatore (CEO) purchased 1,000 shares at $23.86 per share price.On Nov 16, 2015, Frank Creede (Chief Technology Officer) purchased 350 shares at $25.54 per share price, according to the Form-4 filing with the securities and exchange commission.

pdvWireless Inc. formerly Pacific DataVision Inc. focuses on wireless industry and delivering its two-way radio services that include cloud-based mobile work-force management solutions. The Company provides end users with a true push-to-talk (PTT) experience which uses technology that helps business customers in field communication documentation and productivity to the next level. The Company also focuses on industry verticals with mobile workforce such as transportation distribution construction hospitality waste management and field service. The Company offers products such as DispatchPlus and pdvConnect. DispatchPlus is a cloud-based workforce management solution with features that are designed for dispatch-centric operations. The Company’s pdvConnect is a workforce management solution that offers businesses the opportunity to manage their field service workers.

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