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glowpoint inc (GLOW) Details

Glowpoint, Inc. operates as a managed service provider of video collaboration and network applications in the United States. Its video collaboration services include managed videoconferencing, a cloud-based and on premise service that offers scheduling, call launching, conference monitoring and support, and conference reports; JoinMyVideo, an on-demand video meeting room (VMR) service that allows users to join from Web browsers, desktops, mobile apps, and videoconferencing systems; Hybrid Videoconferencing that helps enterprises to migrate from managed videoconferencing to VMRs; Video Meeting Suites, which offer remote access to videoconferencing for everyday business meetings and events; and Webcasting that enables its customers to stream live video feeds to up to thousands of viewers through their browsers and mobile devices, as well as remote service management services, such as management and support, helpdesk, and remote and automated monitoring services. The company also provides network services, which offer secure traffic of video, data, and Internet. Its networking solutions comprise Cloud Connect Video, which provides the customer’s office locations with a video network connection to the Glowpoint Cloud for video communications; Cloud Connect Converge that offers customized multiprotocol label switching solutions for customers who require a converged network; and Cloud Connect Cross Connect, which allows the customer to leverage their existing carrier for the extension of a Layer 2 private line to the company’s data center. In addition, the company offers professional services, including onsite support, or dispatch, as well as configuration or customization of equipment or software on behalf of a customer; and resells video equipment. It serves Fortune 1000 companies, and small and medium enterprises in various industries through direct and indirect sales channels. Glowpoint, Inc. was founded in 1991 and is headquartered in Denver, Colorado.

50 Employees
Last Reported Date: 03/8/19
Founded in 1991

glowpoint inc (GLOW) Top Compensated Officers

CEO, President & Director
Total Annual Compensation: $382.2K
CFO, Treasurer & Corporate Secretary
Total Annual Compensation: $298.8K
Compensation as of Fiscal Year 2018.
glowpoint inc
Glowpoint, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2019

Glowpoint, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported revenue of $2,594,000 compared to $3,474,000 a year ago. Loss from operations was $598,000 compared to $880,000 a year ago. Net loss was $598,000 compared to $1,285,000 a year ago. Basic and diluted net loss per share was $0.12 compared to $0.28 a year ago.

Glowpoint Intends To Seek Acquisitions

Glowpoint, Inc. (AMEX:GLOW) will look for acquisitions. We are actively exploring potential merger and acquisition and/or business development initiatives and are confident that we can leverage our strong reputation with our large enterprise customers, our investments in R&D during the past two years and our existing intellectual property to increase shareholder value," said Peter Holst, President and Chief Executive Officer.

Glowpoint Regains Compliance With NYSE American Continued Listing Standards

Glowpoint, Inc. (Glowpoint or the company) announced that on April 22, 2019, the NYSE American LLC (NYSE American) notified Glowpoint that the Company has successfully regained compliance with the NYSE American’s continued listing standards related to price per share set forth in Section 1003(f)(v) of the NYSE American Company Guide (Company Guide). As previously disclosed, on July 5, 2018, the Company received a letter (Deficiency Letter) from the NYSE American stating that it was not in compliance with the continued listing standards set forth in Section 1003(f)(v) of the Company Guide as a result of the then-existing low trading price of the Company’s common stock. As set forth in the Deficiency Letter, the continued listing of the Company’s common stock on the NYSE American was predicated on the Company demonstrating sustained price improvement within a reasonable period of time. As a result of management’s efforts to regain compliance, the NYSE American has informed the Company that it is now in full compliance with the NYSE American’s continued listing standards set forth in Part 10 of the Company Guide and that the “.BC” designation will be removed from the “GLOW” trading symbol effective as of the commencement of trading on April 23, 2019. In addition, the Company will be removed from the list of NYSE American noncompliant issuers on the exchange’s website.

 

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