Announcement • Apr 27
VirnetX Holding Corporation, Annual General Meeting, Jun 11, 2026 VirnetX Holding Corporation, Annual General Meeting, Jun 11, 2026. Announcement • Apr 28
VirnetX Holding Corporation, Annual General Meeting, Jun 13, 2024 VirnetX Holding Corporation, Annual General Meeting, Jun 13, 2024, at 10:00 Pacific Standard Time. Agenda: To elect thomas m. o’brien and heidy chow, as class ii directors; to ratify the appointment of farber hass hurley llp as independent registered public accounting firm for the fiscal year ending december 31, 2024; to approve, on a non-binding advisory basis, the compensation paid to named executive officers; to approve an amendment to amended and restated 2013 equity incentive plan to, among other things, increase the share reserve; and to transact such other business that may properly come before the annual meeting. Announcement • Apr 23
VirnetX Announces Strategic Defense Advisory Board VirnetX Holding Corporation announced that it has established an advisory board comprised of four retired senior U.S. Air Force leaders. The board will assist and advise on business development and operational direction of VirnetX's Zero Trust Network Access security technology as a necessary layer of security for defense communications and data management to Department of Defense government officials and commercial contractors. Advisory Board Members: Lance W Lord, General, USAF (Ret.), Lord retired in 2006 as a 4-star General in the U.S. Air Force. He was the Commander of the Air Force Space Command and was responsible for the development, acquisition and operation of the Air Force's space and missile systems. He led more than 39,700 space professionals who provided combat forces and capabilities to the North American Aerospace Defense Command and U.S. Strategic Command. He is a former member of the President's Commission on Position, Navigation and Timing Senior Advisory Group and the US Strategic Command Senior Advisory Group. Lord currently serves as the Chairman of OmniTeq and founded its predecessor L2 Aerospace LLC. He serves as Chairman of the Board of Frequency Electronics Corporation, is a board member of Boneal Aerospace Corporation, a member of the Iridium Communications Government Advisory Board, a member of General Dynamics Mission Systems Senior Advisory Group and Hera Satellite Systems Senior Advisory Group. Daniel P (Fig) Leaf, Lieutenant General, USAF (Ret.): Leaf retired in 2008 as a 3-star Lieutenant General in the U.S. Air Force. He was Deputy Commander in the U.S. Pacific Command. He has worked with leaders of every nation in the Indo-Asia Pacific region except North Korea. He delivered guest lectures at King's College London, the Vietnam Academy of Social Science, China'sPLA Political Academy in Xian, and the Pakistan National Defense University among others. His military experience includes his time at PACOM, a tour of duty at Headquarters Pacific Air Forces, four years of duty assignments in both the Republic of Korea and Japan, and temporary military duty across the region. A master of air operations, information warfare and joint force operations, he is a decorated fighter pilot and leader, with combat missions in Europe and the Middle East. He has executive level industry experience as Vice President of Strategic Initiatives at Northrup Grumman. Nina M Armagno, Lieutenant General, USAF (Ret.): Armagno retired in 2023 as a 3-star Lieutenant General in the U.S. Air Force, serving as the first Director of Staff for the U.S. Space Force. During her 35-year career, Armagno held multiple commands at many levels of space operations including Director of Plans and Policy at U.S. Strategic Command. She was instrumental in the creation of the U.S. Space Force by working with the higher levels of the U.S. Government and is a lifetime member of the Council of Foreign Relations. Industry experience includes RocketLab board director and several strategic advisory board positions. A Bowen Ballard, Major General, USAF (Ret.): Ballard retired in 2003 as a 2-Star Major General in the U.S. Air Force with over 37 years of uniformed service. He served as Assistant Chief of Staff of Intelligence at U.S. Air Force Headquarters in the Pentagon and as Mobilization Assistant to the Director of the National Security Agency and Chief of Central Security Services. He serves on the Air Force Secretary and Chief of Staff Civilian Advisory Group and is widely recognized on the Hill in DC and throughout numerous Congressional circles. He has been CEO of a regional real estate corporation and a director of two regional commercial banks. He has served on the Embry-Riddle University President'sAdvisory Board and has accumulated more than 7,000 hours as a civilian pilot. Announcement • Dec 07
VirnetX Holding Corporation Appoints Darl Mcbride as Chief Operating Officer, Effective from January 1, 2024 On November 30, 2023, Darl McBride was appointed as the Chief Operating Officer of VirnetX Holding Corporation (the “ Company”), effective January 1, 2024. Prior to his appointment as the Company’s Chief Operating Officer, Mr. McBride, age 64, had been serving as the Chief Operating Officer of VirnetX KK, a Japanese subsidiary of the Company, since January 2021. While in such position, Mr. McBride’s responsibilities included expanding the Company’s line of security products into Japan as well as the broader Pacific Rim and transacting with military-affiliated partners within the United States to facilitate the collaborative development of next-generation cybersecurity and protective artificial intelligence solutions. Prior to joining the Company, Mr. McBride served as the President and Chief Executive Officer of Shout TV Inc., a social media platform that engages fans and advertisers during live events, from July 2014 to December 2020. Mr. McBride earned a bachelor’s degree in Sociology from Brigham Young University in 1984 and earned a Master of Arts in Labor & Industrial Relations from the University of Illinois at Urbana-Champaign in 1985. Reported Earnings • Aug 13
First half 2023 earnings released: US$0.22 loss per share (vs US$0.11 loss in 1H 2022) First half 2023 results: US$0.22 loss per share (further deteriorated from US$0.11 loss in 1H 2022). Net loss: US$15.8m (loss widened 104% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • May 16
VirnetX Holding Receives Notice from NYSE Regarding its Common Stock Not in Compliance with Rule 802.01C On May 15, 2023, VirnetX Holding Corporation announced that on May 12, 2023, it received a notice from the New York Stock Exchange (the ‘NYSE’) that the Company's common stock is not in compliance with Rule 802.01C of the NYSE's Listed Company Manual (‘Rule 802.01C’) relating to the minimum average closing price of the Company's common stock required over a consecutive 30 trading-day period. The NYSE notification does not affect the Company's business operations or its Securities and Exchange Commission reporting requirements. Under the NYSE standards, the Company can regain compliance with Rule 802.01C if, during the six-month period following receipt of the NYSE notice, on the last trading-day of any calendar month, the Company's common stock has (i) a closing price per share of at least $1.00 and (ii) a 30 trading-day average closing share price of at least $1.00. The Company intends to cure the price deficiency and return to compliance with Rule 802.01C within the applicable cure period. As required by the NYSE, the Company will notify the NYSE of its intent to cure, which may include, if necessary, effecting a reverse stock split, subject to approval by the board of directors and stockholders of the Company. The Company is already undertaking business initiatives and other actions that it believes will increase stockholder value and drive share price increases. During this period, the Company's common stock will continue to be traded on the NYSE, subject to compliance with other continued NYSE listing requirements. Upcoming Dividend • Apr 11
Inaugural dividend of US$1.00 per share Eligible shareholders must have bought the stock before 18 April 2023. Payment date: 17 April 2023. This is the first dividend for VirnetX Holding since going public. The average dividend yield among industry peers is 1.7%. Recent Insider Transactions • Apr 02
Insider recently sold €3.3m worth of stock On the 30th of March, Bradley Radoff sold around 2m shares on-market at roughly €1.54 per share. This transaction amounted to 81% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.8m more than they bought in the last 12 months. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. Independent Director Gary Feiner was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 10
Third quarter 2022 earnings released: US$0.06 loss per share (vs US$0.047 loss in 3Q 2021) Third quarter 2022 results: US$0.06 loss per share (further deteriorated from US$0.047 loss in 3Q 2021). Net loss: US$4.28m (loss widened 28% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 26 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 11
Second quarter 2022 earnings released: US$0.062 loss per share (vs US$0.05 loss in 2Q 2021) Second quarter 2022 results: US$0.062 loss per share (down from US$0.05 loss in 2Q 2021). Net loss: US$4.44m (loss widened 26% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Board Change • Aug 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. Independent Director Gary Feiner was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • May 12
VirnetX Holding Corp announced delayed 10-Q filing On 05/10/2022, VirnetX Holding Corp announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 08
VirnetX Holding Corporation Launches Matrix to Secure Internet Applications and Services VirnetX™ Holding Corporation announced the launch of VirnetX Matrix to secure private access to Internet applications, services and critical infrastructure. VirnetX Matrix enforces access policy controls and enables real-time network management to protect cloud or on-premises applications from threats. VirnetX Matrix safeguards applications and contemporary remote workforce from sophisticated hackers and mitigates threats by enabling corporate applications to be invisible from unauthorized users. Matrix utilizes VirnetX One, a software-as-a-service (SaaS) platform that secures communications and protects applications, services, devices and infrastructure from cyber-attacks regardless of network or location. VirnetX One implements a modern Zero Trust architecture built on VirnetX's patented Secure Domain Name Technology. Key features of VirnetX Matrix include: Mitigate Attacks – Matrix offers protection from external threats including hackers, phishing, misconfigurations, and denial of service attacks. It limits lateral movement across network applications and services by threat actors. Trusted Access – Matrix authenticates user access and secures applications and services using patented Secure Domain Name Technology. With Matrix, users can manage access, apply access policies in real-time, and easily understand who has access to information. Cloud Security – Matrix allows users to easily secure applications in the cloud, on-premises or across hybrid deployments without impacting deployment or user experience. The cloud-based dashboard allows users to manage their applications, control access in real-time, and gain visibility into the users and devices that have access. Announcement • Mar 03
VirnetX Holding Launches War Room to Secure Video Conference Meetings VirnetX Holding Corporation announced the launch of War Room to provide secure video conferencing. War Room provides secure video conferencing with a comprehensive security posture to prevent cyber attackers from accessing critical and sensitive information. War Room is an encrypted construct only visible to authorized users and combats threats and hackers from invading video meetings. Built with a Zero Trust philosophy and backed by VirnetXOne, VirnetX's proprietary Gabriel technology, War Room enables private, encrypted networks between an organization's users and their devices. War Room validates and certifies access to select users through patented secure domain names, and all devices are authenticated prior to enabling access to a room. War Room elevates today's remote workforce by prioritizing user safety with a private and secure virtual environment-all while maintaining business continuity. Further, War Room is transcending the virtual and remote meeting space for government agencies and all professional sectors such as legal, financial, and medical. War Room General Features: Unlimited Group Meetings, Unlimited One-On-One Meetings, Schedule Meetings, Reserve Private Meeting Rooms, Screen Sharing, and Private & Group Chat. War Room Security Features: Verify Meeting Participants, Securely Share Meeting Links, Zero Trust Architecture, Patented Secure Domain Names, Device Authentication, AES-256 Encryption, TLS 1.3 Encryption, and PKI Certificates. Announcement • Jan 22
VirnetX Submits Agreed Bill of Costs and Prejudgement Interest of $75.7 Million in Apple Suit VirnetX Holding Corporation announced that it has submitted an Agreed Bill of Costs and Prejudgement Interest in the amount of $75,701,763.18 in connection with the previously announced $502,848,847 jury verdict against Apple in VirnetX Inc., et al. v. Apple Inc., No. 6:12-CV-00855. With the addition of these costs and prejudgement interest, the final judgment in VirnetX's favor for Apple infringing devices sold in the U.S. now totals $578,550,610. Post-trial interest, supplemental damages and the total amount of the $0.84 ongoing royalty per infringing Apple device have yet to be determined. The parties have met and conferred and have reached agreements on these amounts. Apple has had the opportunity to review this filing and does not dispute the figures listed or that the calculations are agreed, subject to Apple's right to appeal the District Court's award of costs and prejudgment interest. On March 13, 2020, VirnetX was paid a $454,033,859 judgment in a separate case against Apple. Announcement • Jan 12
VirnetX Hires Darl McBride as Chief Operating Officer for Japanese Subsidiary, VirnetX KK VirnetX™ Holding Corporation announced that it has hired Darl McBride as Chief Operating Officer (COO) for its Japanese subsidiary, VirnetX KK, reporting to VirnetX CEO and President, Kendall Larsen. McBride will further VirnetX's technology licensing efforts in Japan including working with IP Dream, a Japanese based strategic technology distributor and service provider. Previously, McBride headed up Novell's dramatic growth in Japan by partnering with Masa Son, founder and CEO of Softbank and Kazuya Watanabe (former NEC PC President.) Together, they built a joint venture between Novell and Softbank that turned into a billion-dollar company and Novell's large profit center outside of the Americas. McBride speaks fluent Japanese and has lived in Japan for 4 years. Announcement • Nov 02
Dallas Law Firm Caldwell Cassady & Curry Helps Virnetx Win $502.8 Million Patent Verdict Against Apple A Tyler, Texas, federal jury has issued a $502.8 million verdict in favor of Nevada-based VirnetX Inc. based on two of the company's network security patents that were infringed by technology giant Apple Inc. VirnetX was represented by lead trial counsel from the Dallas-based business litigation and intellectual property law firm Caldwell Cassady & Curry. The Oct. 30, 2020, verdict followed four days of trial before Judge Robert Schroeder III in the U.S. District Court for the Eastern District of Texas. The case is VirnetX Inc., et al. v. Apple Inc., No. 6:12-CV-00855. The case focused on Apple's infringement of VirnetX's U.S. Patent No. 6,502,135 and No. 7,490,151. The jury's four men and three women were asked to determine how much Apple should pay for infringing the VirnetX patents in the Apple iPhone and other devices. Their verdict includes damages of $0.84 per accused device since the 2013 launch of Apple's iOS 7 mobile operating system. Caldwell Cassady & Curry principal Brad Caldwell led the team representing VirnetX along with fellow firm principals Jason Cassady, Austin Curry, Hamad Hamad, Daniel Pearson, Chris Stewart, and John Summers and firm associate Warren McCarty. VirnetX also was represented by Johnny Ward from the Longview, Texas, law firm Ward Smith & Hill. VirnetX's most recent courtroom victory represents the fifth consecutive patent infringement case that Caldwell Cassady & Curry attorneys have helped the company win against Apple. Those earlier jury awards included two verdicts of $625 million and $302 million in 2016. Announcement • Jul 22
VirnetX Provides Written Notice to Delist Common Stock from NYSE American On July 17, 2020, VirnetX Holding Corporation, (the “Company”), announced that it has received approval to list its common stock, par value $0.0001 per share (the “Common Stock”), on the New York Stock Exchange (“NYSE”). The Company provided written notice on July 17, 2020 to the NYSE American LLC (“NYSE American”) of its intention to list its Common Stock on the NYSE and to simultaneously delist such securities from the NYSE American. The Company anticipates that its Common Stock will begin trading on the NYSE at the commencement of trading on July 22, 2020 under the symbol “VHC”, and that until the close of trading on July 21, 2020, the Common Stock will continue to trade on the NYSE American under the symbol “VHC.” The Company’s Board of Directors has approved the transfer to the NYSE.