One Horizon Group Announces 2017 First Quarter Financial Results

One Horizon Group (NASDAQ:OHGI) has announced its financial results for the first quarter ended March 31, 2017.
As quoted in the press release:

• Cash flow positive for first time since listing on the NASDAQ;
• Unveiled new features within its low bandwidth VoIP application including Video Calling on 2G, 3G and 4G networks and complete Google AdMob advertising environment revenue stream;
• Entered FinTech space with introduction of Cyber-Secure KeyBroker encryption securing mobile banking voice + multi-media communications;
• Regained compliance with NASDAQ.

Brian Collins, CEO of One Horizon Group, commented, “Holding true to our core competency as an innovative software company, our R&D team worked tirelessly on unveiling several new features within our low bandwidth VoIP platform and doing so on a very modest budget. Users globally can now utilize video calling across 2G, 3G and 4G networks as well as being fully secure with our encrypted call features. The advancements of our platform will always be evolving; bringing to market technology that is solving a major global problem. Our technology is closing the gap between developed geographies like the U.S. which operates in mostly 4G networks and the majority of the world which still operates in 2G and 3G environments.”
2017 Operational Highlights:

• Secured license in Ghana, West Africa, through a commercial software agreement with a licensed carrier to bring the benefits of optimized voice communications to 18 million mobile data subscribers.
• Entered 2017 with a $2.6 billion mobile hotspot market through a license with a leading pocket Wi-Fi service provider.
• Microsoft published a feature on how One Horizon Group improves its time to market, shortens its sales-cycles and improves service security by combining their patented VoIP technology with the power of the Microsoft Azure cloud platform: https://customers.microsoft.com/en-us/story/onehorizon
• University research into VoIP bandwidth usage for One Horizon’s software alongside the biggest smartphone VoIP technologies in the world including WhatsApp, Facebook, WeChat, and Skype, proved One Horizon’s application is 8.8x more efficient than the baseline.

Click here to read the full press release.