Business
hopTo Inc. Announces Third Quarter 2016 Business Update and Results
hopTo Inc. Announces Third Quarter 2016 Business Update and Results.
About this update from Hopto Inc.
[{"type":"text","content":"\n \n \n hopTo Inc. Announces Third Quarter 2016 Business Update and Results\n \n \nhopTo Inc. Announces Third Quarter 2016 Business Update and Results\n \n CAMPBELL, CA--(Marketwired - Nov 21, 2016) -  hopTo Inc. (OTCQB: HPTO), developer and provider of the most comprehensive mobile productivity platform, today announced its financial results for the third quarter ended September 30, 2016. \n Third Quarter 2016 Financial Update:\n \n \n Revenue of $899 thousand  \n \nNet Loss of $462 thousand  \n \nBasic and diluted loss per share of $0.05  \n \n \n Third Quarter 2016 Operational Summary and Business Update\n \"As we have previously communicated to our shareholders in our August 15, 2016 earnings call and our Form 10-Q filed with the Securities and Exchange Commission (\"SEC\") as well as our other SEC filings, throughout the first half of 2016 we did not succeed in monetizing our hopTo Work product despite our best efforts with the limited resources available to us,\" stated Eldad Eilam, President and CEO of hopTo Inc.\n \"Despite this lack of success with hopTo Work, our GO-Global business continues to generate positive cash flow and, while it is seeing some reduction in revenue, we expect it to continue to generate cash. Owning and operating GO-Global has always been an important aspect of our overall company and provides us and our shareholders with some hedge against the risk and expense of seeking to launch a new product like hopTo Work.\" \n \"We continue to work to extract value from the hopTo technology, intellectual property and software that we have built. We are also evaluating opportunities related to GO-Global. Although there is no certainty as to timing or success of these efforts, and shareholders should not place any significant reliance on the outcome of such efforts unless and until definitive agreements are reached. This may include the sale of certain of our hopTo software products, the sale of patents, and the monetization of the GO-Global business or some combinations of these transactions. To assist with the possible sale of patents we have retained the services of Aqua Licensing LLC, a specialist in the marketing and sales of IP portfolios. \"\n \"Although we continue to believe we have a number of opportunities to extract value from our hopTo and GO-Glo...