Business
hopTo Inc. Announces Fourth Quarter and Fiscal Year 2015 Highlights and Results
hopTo Inc. Announces Fourth Quarter and Fiscal Year 2015 Highlights and Results.
About this update from Hopto Inc.
[{"type":"text","content":"\n \n \n hopTo Inc. Announces Fourth Quarter and Fiscal Year 2015 Highlights and Results\n \n \nhopTo Inc. Announces Fourth Quarter and Fiscal Year 2015 Highlights and Results\n \n CAMPBELL, CA--(Marketwired - Mar 30, 2016) - hopTo Inc. (OTCQB: HPTO), developer and provider of the most comprehensive mobile productivity platform, today announced its financial results for the year ended December 31, 2015. \n Fourth Quarter 2015 Highlights:\n \n \n Launched hopTo Work for Citrix® in November, 2015\n \n \n Full Year 2015 Highlights:\n \n \n Revenue of $5.0 million\n \nGross Profit of $4.4 million\n \nDoubled the number of patents granted and allowed by the U.S. Patent and Trademark Office, bringing total number of patents to 37 at December 31, 2015\n \nLaunch of MAX - Mobile App eXperience for instant transformation of Windows apps into touch-friendly mobile apps\n \nBecame a verified Citrix Ready® Premier Partner\n \nAdded over 30 hopTo Work resellers\n \nCompleted a $2.55 million private financing in July\n \nReleased GO-Global for Windows 5.0\n \n \n \"Throughout 2015 we continued to work on go-to-market efforts for hopTo Work. It has been a challenging year but we remain encouraged by the positive feedback that we continue to receive from prospective customers and partners in a broad range of industries,\" stated Eldad Eilam, CEO of hopTo Inc. \"Although we did not achieve our expected level of sales for hopTo Work in 2015, our pipeline of prospective customers continues to grow and we have learned tremendous amounts about what the market needs.\"\n \"During 2015 we saw our market begin to be defined more clearly as 'app refactoring,' as more analysts are discussing the massive challenge that enterprises face in delivering existing mission critical applications to the mobile devices that their employees require for optimal productivity. We have engaged directly with these analysts and their response has been very favorable to hopTo's approach, which is unique in that our solution requires no coding to implement and provides a high level of security by never downloading any data to the device.\n \"Our sales team has succeeded in building strong relationships with channel partners and prospective customers, but the sales cycle continues to be prolonged, primarily due to the customers' requirement for a seamless interoper...