Announcement • Jun 27
Voip-Pal.com Inc. Provides Legal Update on the Status of Current Patent Litigation Voip-Pal.com Inc. to provide a legal update of recent developments in the current patent litigation. At a hearing held on June 12, 2023, in Case No. 6:20-CV-00272-ADA the Court granted VoIP-Pal’s motion to reconsider the Court’s final construction of the term “routing message” and construed the term to mean “a message that includes a callee user name field and a route field.” VoIP-Pal has filed a stipulation dismissing its lawsuit against Samsung in the Western District of Texas (WDTX). As a result of stipulations dismissing the lawsuits against Facebook, Google, and Twitter in the Northern District of California (NDCAL), the pending motions for judgment on the pleadings against U.S. Patent Nos have been denied as moot. Additionally, the PTAB has terminated Meta’s and Google’s involvement in IPRs filed against U.S. Patent Nos. Announcement • Jun 06
Twitter Hires NBCUniversal Executive Joe Benarroch Twitter has made another significant addition to its top team by hiring Joe Benarroch, a senior executive from NBCUniversal. This move is part of Elon Musk's ongoing efforts to revitalize the social media platform. Benarroch will be focusing on business operations. This appointment closely follows the recent announcement of Linda Yaccarino, head of advertising at NBCUniversal, becoming the new CEO of Twitter. Musk, the current CEO, will continue to have a close involvement with the company. In related news, it was reported that Ella Irwin, Twitter's second head of trust and safety under Musk's ownership, has resigned. Irwin took on the role after Yoel Roth, the previous head, left in November 2022 shortly after Musk acquired the company. The head of trust and safety is responsible for content moderation, which has gained significant attention since Musk took over. While the specific reasons behind Irwin's resignation are unclear, it coincided with Musk publicly criticizing a content moderation decision made on Twitter. Musk himself will remain involved with the company as executive chairman and chief technology officer. Announcement • Dec 22
Elon Musk to Resign as CEO of Twitter, Inc Twitter, Inc. announced that Elon Musk embarked on a search for a new CEO. Elon Musk confirmed he will step down as chief executive of Twitter Inc. after finding a successor, though he plans to retain control over the company's engineering teams. Since taking over in October, Musk has overseen the firings or departures of roughly 5,000 of Twitter's 7,500 employees. Announcement • Nov 23
Twitter, Inc. Appoints Chris Riedy as New Head of Advertising Sales Chris Riedy - formerly Twitter's vice president - EMEA - will now head the platform's advertising and sales. He takes over from Robin Wheeler who was fired by owner Elon Musk for refusing to lay off more members of his own staff. According to Riedy's Linkedin profile, he has almost 25 years of experience across the fields of sales, business development and marketing. He has a Bachelor's degree in Arts from Denison University in Granville, Ohio and also holds a MBA from Santa Clara University, located in California. Announcement • Nov 22
Pearson plc Confirms Cessation of Omid Kordestani as Non-Executive Director of Twitter, Inc Pearson plc confirmed that Omid Kordestani, Chair of Pearson plc, ceased to be a Non-Executive Director of Twitter, Inc. on 28 October 2022. Announcement • Oct 29
Twitter, Inc.(NYSE:TWTR) dropped from NASDAQ Internet Index Twitter, Inc has been removed from NASDAQ Internet Index. Recent Insider Transactions • May 20
Insider recently bought Mex$402m worth of stock On the 13th of May, Alwaleed Bin Talal Bin Abdulaziz Alsaud bought around 490k shares on-market at roughly Mex$821 per share. In the last 3 months, there was an even bigger purchase from another insider worth Mex$58b. Insiders have collectively bought Mex$58b more in shares than they have sold in the last 12 months. Buying Opportunity • May 12
Now 20% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be Mex$1,131, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: US$0.66 (vs US$0.085 in 1Q 2021) First quarter 2022 results: EPS: US$0.66 (up from US$0.085 in 1Q 2021). Revenue: US$1.20b (up 16% from 1Q 2021). Net income: US$513.3m (up US$445.3m from 1Q 2021). Profit margin: 43% (up from 6.6% in 1Q 2021). Over the next year, revenue is forecast to grow 20%, compared to a 15% growth forecast for the industry in Mexico. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Apr 07
Insider recently bought Mex$58b worth of stock On the 1st of April, Elon Musk bought around 73m shares on-market at roughly Mex$799 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$58b more in shares than they have sold in the last 12 months. Reported Earnings • Feb 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$0.28 loss per share (up from US$1.44 loss in FY 2020). Revenue: US$5.08b (up 37% from FY 2020). Net loss: US$221.4m (loss narrowed 81% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 20%, compared to a 18% growth forecast for the industry in Mexico. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Feb 05
Chief Accounting Officer recently sold Mex$4.3m worth of stock On the 1st of February, Robert Kaiden sold around 6k shares on-market at roughly Mex$762 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$66m more than they bought in the last 12 months. Board Change • Dec 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Chairman Bret Taylor was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 05
Insider recently sold Mex$16m worth of stock On the 1st of November, Sarah Personette sold around 15k shares on-market at roughly Mex$1,131 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$367m more than they bought in the last 12 months. Reported Earnings • Oct 28
Third quarter 2021 earnings released: US$0.67 loss per share (vs US$0.036 profit in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$1.28b (up 37% from 3Q 2020). Net loss: US$536.8m (down US$565.4m from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Aug 05
Chief Accounting Officer recently sold Mex$14m worth of stock On the 2nd of August, Robert Kaiden sold around 10k shares on-market at roughly Mex$1,370 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$365m more than they bought in the last 12 months. Board Change • Aug 01
High number of new directors Independent Director Mimi Alemayehou was the last director to join the board, commencing their role in 2021. Reported Earnings • Jul 24
Second quarter 2021 earnings released: EPS US$0.082 (vs US$1.75 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$1.19b (up 74% from 2Q 2020). Net income: US$65.6m (up US$1.44b from 2Q 2020). Profit margin: 5.5% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Executive Departure • Jun 11
Independent Director Jesse Cohn has left the company On the 9th of June, Jesse Cohn's tenure as Independent Director ended after 1.2 years in the role. We don't have any record of a personal shareholding under Jesse's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 5.96 years. Recent Insider Transactions • May 07
Chief Accounting Officer recently sold Mex$12m worth of stock On the 3rd of May, Robert Kaiden sold around 10k shares on-market at roughly Mex$1,107 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$360m more than they bought in the last 12 months. Reported Earnings • May 01
First quarter 2021 earnings released: EPS US$0.085 (vs US$0.011 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.04b (up 28% from 1Q 2020). Net income: US$68.0m (up US$76.4m from 1Q 2020). Profit margin: 6.6% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Executive Departure • Mar 03
Independent Director has left the company On the 28th of February, Ngozi Okonjo-Iweala's tenure as Independent Director ended after 2.6 years in the role. As of December 2020, Ngozi personally held 11.13k shares (Mex$12m worth at the time). Ngozi is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 24
New 90-day high: Mex$1,513 The company is up 63% from its price of Mex$926 on 25 November 2020. The Mexican market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Mex$890 per share. Reported Earnings • Feb 11
Full year 2020 earnings released: US$1.44 loss per share (vs US$1.90 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$3.72b (up 7.4% from FY 2019). Net loss: US$1.14b (down 178% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue beats expectations Revenue exceeded analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 19%, compared to a 25% growth forecast for the Interactive Media and Services industry in Mexico. Recent Insider Transactions • Feb 06
Chief Accounting Officer recently sold Mex$6.7m worth of stock On the 1st of February, Robert Kaiden sold around 6k shares on-market at roughly Mex$1,050 per share. In the last 3 months, there was an even bigger sale from another insider worth Mex$148m. Insiders have been net sellers, collectively disposing of Mex$348m more than they bought in the last 12 months. Is New 90 Day High Low • Feb 05
New 90-day high: Mex$1,148 The company is up 29% from its price of Mex$889 on 06 November 2020. The Mexican market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Mex$958 per share. Recent Insider Transactions • Nov 26
Non-Employee Director recently sold Mex$148m worth of stock On the 23rd of November, Omid Kordestani sold around 164k shares on-market at roughly Mex$902 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$195m more than they bought in the last 12 months.