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Tag: Evolving Systems

  • Evolving Systems, Inc. (EVOL) Stock Exhibits Volatility as Relationship with Cellcard Cambodia Expands

    Evolving Systems, Inc. (EVOL) stock prices were up a significant 19.64% as of the market closing on July 6th, 2021, bringing the price per share up to USD$2.68 at the end of the trading day. Subsequent pre-market fluctuations have seen the stock dip by 10.44%, bringing it down to USD$2.40.

    Partnership with Cellcard

    June 15th, 2021 saw the company announce that Cellcard Cambodia had finalized plans to upgrade to the new Evolution platform, in the interest of enhancing its loyalty program, Cellcard Club. This move will facilitate the driving of more personalized and relevant offers to subscribers through various digital media in real-time. Cellcard has a customer base that is 4 million strong and the company is in the process of rolling out 5G services.

    Cellcard Club

    The company has made use of its Cellcard Club platform to provide a program that rewards consumer loyalty while also engaging customers with the unparalleled customer experience and personalized value propositions. The decision to upgrade will see the company launching a myriad of new features. These include the use of machine learning to deliver highly personalized and relevant Next Best Offer recommendations, delivered through an omni-channel experience; the rewarding of roadmap items like Achievement Badges; the chance to spend loyalty points in a shopping catalogue; and a new premium paid Loyalty Club subscriptions.

    Scope of Partnership

    Existing stellar results include a monthly growth in Club membership of 16%, with 50% of members engaged in the digital games offered by the program. 25% already participate in redemptions, with the number steadily rising as more customers accumulate more loyalty points. The upgrade to EVOL’s platform will serve to bolster this success and drive in further growth by reducing churn, drive acquisition and enhance the program’s appeal among the key youth market in Cambodia. This will be done by elevating the digital lifestyle brand to actively engage with customers.

    Promising Financials

    Total revenue for the first quarter of 2021 was reported at USD$6.5 million, up to USD$0.2 million from the revenue reported for the same time period of the prior year. This year-over-year difference was largely attributable to revenues from existing client work on new projects and upgrades, as well as projects from new clients.

    Future Outlook for EVOL

    Armed with an expansive partnership, EVOL is poised to capitalize on the opportunities afforded to it in light of the agreement. With the added resources for each company, both are keen to leverage their combined capital in order to facilitate sustained and significant growth.

  • EVOL stock price went up significantly after financial results reported

    EVOL stock price went up significantly after financial results reported

    Evolving Systems Inc. (EVOL) stock surged in the after-market session on Wednesday, March 17, 2021, after EVOL stock announced its financial results for the fourth quarter and full-year ended December 31, 2020. The EVOL stock raised 24.92% in the extended trading session.

    Fourth-quarter Results

    • The EVOL total revenue was $7.0 million in the fourth quarter ended December 31, 2020.
    • Operating income of $0.5 million and net income of $0.6 million for the fourth quarter were reported.
    • The EVOL spent $4.1 million in operating expenses for the reported quarter.

    Full-year Results

    • EVOL revenue was $26.4 million for the entire year ended December 31, 2020
    • Gross profit margins for the entire year were 66.5%, excluding depreciation and amortization,
    • The Evolving Systems spent $16.5 million for the year ended December 31, 2020
    • For both primary and diluted shares, netearnings per share were $0.05 for the reported year.
    • EVOL made an operating profit of $1.0 million and net income of $0.6 million for the year ended December 31, 2020, compared to an operating loss of $7.9 million and net losses of $9.7 million for the year ended December 31, 2019.
    • Adjusted EBITDA was $2.4 million for the full year 2020.
    • EVOL sStock had cash and cash equivalents of $2.8 million as of December 31, 2020.

    About the EVOL

    Evolving Systems, Inc. was founded in 1985, and EVOL has its headquarters in Englewood, Colorado, with offices in Asia, Europe, Africa, South, and North America. EVOL is a real-time digital engagement accelerator with 100+ customers across five continents. EVOL Stock is home to 280+ marketers. It provides services such as CSP market-leading solutions and services for network provisioning and resource management, enhancing the digital sales and distribution channels, service activation, real-time analytics.