POUNCE Technologies (was renamed from SLYCE Inc.) (POI.H-X)

Has owned this in the past. They are trying to do a financing, but haven’t been able to close as far as he knows. Until they get the financing closed, he would be very cautious. They do need those funds to continue to operate.

(A Top Pick Oct 22/14. Down 64.79%.) The big thing was how fast they ramped up to get to be cash flow positive. Originally he thought it was going to be early 2016, but has taken a little bit longer. They have a number of clients, including some big marquee clients they have signed. Cash flow hasn’t come as fast as they would like. This will come around and will do fantastic.

Takes an image on your phone of what you are seeing and matches it up with inventory of selected retailers to find something that is similar. Have signed up a very large inventory of retailers, and they should do quite well. There are no earnings yet because they are continuing to build out the software. People are expecting that the relationships they have with retailers will translate into future earnings.

(A viewer has pointed out that Bob may have gotten this stock confused with something else, as this stock has nothing to do with sports. I reviewed the tape and our viewer was correct. Bob apparently got confused. Thanks Klaus.) This offers the ability to keep track of sports teams and individuals. If you are a journalist or a fantasy sports person, you can track your choice of your team or player along with other categories. Overall he thinks they have a pretty good opportunity. Not yet free cash flow positive, but thinks that in 12 months you will see that happen. A speculative stock.

Has a visual recognition technology that allows your smart phone to take a picture of an item. It will immediately search the item in the database and pull up a place where you can buy it. If you are a retailer that has signed on with the company, it will take the individual to your website and show them either a similar or the exact product. The business model is based on revenue coming from different sources. 1) Signing the initial contract, 2) on a per picture basis, and 3) as people purchase things. They are getting a lot of traction. Have signed up some big Fortune 500 companies. Toys “R” Us is one of their clients as well as Home Depot and Neiman Marcus. Stock price has not done very well of late. There was a recent financing and the price pulled back. Feels the market is waiting to see the next announcement, and where it goes from burning cash to generating some cash flow and earnings. Fairly attractive price right now, but probably looking at 12-18 months before they have earnings.

He was involved in their recent financing. Just signed another deal and continues to roll out this mass of different retailers that are using their app. As they roll out more and more retailers, it means they are going to receive a lot of income. They receive income in a number of different ways, via service agreements, on a “per picture” basis and a fraction of the purchase price. Have been very successful with some of their initial launches. This is a steal at this price.

Seems like the stock has been under a lot of pressure and he is not sure why. The business continues to grow. They have full recognition technology where you can snap a picture of a product and it will find a match and direct you to a different retailer. They continue to announce some big retailers in the US. There are a lot of other companies they haven’t announced yet. Down the road, all of a sudden, there is going to be a quarter where they have great earnings numbers. There has been some talk that they may have to do an equity issue, but he understands they have 6-9 months of cash before they have to do anything. This doesn’t take into account their existing cash flow. He thinks this is unwarranted talk.

A very unique technology where you take a picture of any object and it will recognize what that object is. Now working with a number of different retailers so that when you do take a picture, it will locate the object and allow you to buy it online. Some of their big customers have been reluctant to let Slyce disclose who they are working with until they can get their staff trained. The next catalyst is to see them announce more Fortune 500 companies from the US.

Has a technology that is supposed to recognize images and tell you what they are. A very powerful sales tool if you can get it to work. It didn’t work very well when he tried it, and he doesn’t know if they have improved it or not. Has a pretty big market cap, $80 million, but no revenue. They burned $3 million in their last quarter. If it works, it obviously has tremendous potential. He would be cautious.

This is one he is fairly excited about. It doesn’t have any earnings right now, so there is a risk profile with it. So far they have rolled out with Best Buy, Neiman Marcus, Home Depot and one other. Basically you take a picture of an article and it will give you a match, price and you can Buy immediately and have the article delivered. They are running full tilt trying to get retailers signed up. Have a backlog of about 300 retailers that all want to participate. Revenue will come 1) when a picture is taken, 2) when you buy something, 3) the opportunity to sell the data back to retailers, etc. who would like to take advantage of it. Their Neiman Marcus deal started generating some revenue in the fall. Because of their multi-prong approach, they should be able to generate some significant revenue.

A Top Pick in October and one he continues to really like. Basically the “shazam” for everything else. Since October, they’ve had a great number of news releases out. One of them being their Pounce app, which basically allows people to take a picture of anything. It brings up a picture of a website to find an exact or close match. They continue to add on new retailers. Right now their retailers are 300 deep. They get revenue from a number of different sources, and we haven’t really seen that fall to the bottom line, but that is going to start to happen. Retailers pay them in a number of ways including service fees, per picture fee and per transaction fee. Great entry point here.

Very, very neat technology. It basically identifies certain items. For example if you see a sink that you like, you take a picture of it which immediately brings up the retailer and the price, and you can buy it immediately. They are getting paid on a number of differetnt avenues.