SSFT SET TO EXPLODEWe have all seen the massive price spikes that seem to occur every 6-8 months. In the past, these have dumped. However, when Q3 financials come out, Sonasoft should be showing some impressive numbers. In the past we pumped when they released the concept of their AI Bots. Now they are in full production, the company should be realizing revenue in their Q3 report.
Long story long, keep an eye on SSFT. We have made it to $0.5 with no real revenue, and are set to explode when the revenue hits. And the real price gain will come when SSFT gets uplisted!
SSFT trade ideas
eventually long i like SSFT a lot
they have a lot of high profile partners like Alphabet, Fidelity and others
cool under the radar AI play
PT $1.00
i just think it'll fall further maybe around $0.14 i'd like it a lot down there it's be a swing trade not an investment but when i'm holding i'll treat it as one if you know what i mean
good luck happy trading
$SSFT Short term price action until $1Sonasoft corp was first discovered by retail traders in January and since then it's been rising steadily. Current bear market brought it down about 40% since recent high at 0.40 but we know that this is a temporary dip. As the market gets back on its feet SSFT will continue on a similar path that I've drawn on the chart.
Sonasoft was not really aware of this increasing investor interest but recent new PR showed that traders are demanding more communication and transparency from the company and Sonasoft will be increasing its communication and marketing in the coming weeks.
"Shareholders can expect the following IR initiatives to be implemented by the end of the month:
1. Updated IR page: We will be updating the Investors Relations page on our website. The new IR section will include quarterly and annual financial reports, SEC reports, press releases, investor presentations, IR contact information, stock information such as stock quotes, charts, and other resources as they become available. We will also include a sign-up form for investors to receive periodic information via emails such as newsletters, blog posts, updates, and notifications of upcoming events.
2. More frequent corporate communications from the Company relating to material events and business developments.
3. Increased media presence and management to make the time for interviews/articles with various outlets.
4. The Company intends to begin hosting Quarterly shareholder conference calls later this year."
If you consider that it's gone up this much only by investors' research, upcoming PR as in news, deals, financial reports will have multiplying effect.
Company has ongoing client agreements with Google and Fidelity that hasn't been reflected in the financial reports yet.
They are adding new team members in the AI engineering department and have a working Proof of Concept for their flagship product NUGENE with Delaware Electric Company.
The future of Sonasoft is expansion along with the AI market and finally an acquisition by one of the giants once it establishes key technology and client list firmly.
Company is in good financial condition that's why this a safe investment among risky penny stocks.
Currently it's oversold on 4h chartwith VIX indicator showing the bottom and CMF divergence formed at this level.
First resistance is at recent high at $0.40 then comes the previous high at $0.49-0.50
after that fibo 1.618 falls at 0.78 when 0.5 is broken. And finally $1
I expect all of this to happen in the span of 2 months. If market continues to steadily rise until then, SSFT will be on of the best stocks benefiting from that influx of cash in to the market.
Please do your own DD this is just some technical analysis to predict a possible scenario.
$SSFT The Undervalued AI company This silicon valley company is finally ready to soar. After 2 years of preliminary work for AI tech along with 3 acquisitions they are ready to monetize their Flagship product NuGene AI.
Movement in the stock started after new years and since then it's rising ona steady path. Daily volume is increased lately but still low even for a penny stock. Higher volume means higher price in this case.
Chart shows a great opportunity after the last dip.
Currently both Stoch and MFI indicator hit the bottom. Another bottom indicator VIX fix showed us tall green bars signalling the bottom. And Average Sentimnt Oscillator(AOS) shows us that the buyer sentiment is rising sharply.
Lastly TD sequential marked 8th and 9th steps on the chart signalling a reversal here.
Good are to enter...
If it breaks down this rising channel it might fall down to 0.10 level. But that doesn't seem likely given that there are big buyers between here and there.
Sonasoft Corp Set to run higher Extremely Bullish outlook for SSFT
SAN JOSE, CA, Sept. 03, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Sonasoft Corp. (OTCQB: SSFT), a leader in innovative artificial intelligence (AI) and data management solutions, today reports its financial results for its second quarter (Q2) in fiscal year 2019.
Sonasoft Corp. Q2, 2019 unaudited revenue was $4,329,164, an increase of $2,375,422, or above 100 percent over the previous quarter, which exceeded guidance by 30 percent. The company’s operating loss was $880,212, versus $605,377 in the previous calendar quarter and $117,573 for Q2 2018. The increase is due in part to a significant acquisition, integration, and legal expenses from its four acquisitions over the previous eight months, where the acquisition costs in Q2 for Hotify, Inc. alone came to $453,429.
The Q2 revenue from the Company's SonaVault enterprise information archiving and SonaSQL business continuity software division was $116,142. This amount was flat versus Q2 2018 and decreased by 14.4 percent from the previous calendar quarter because of the Company’s redirection to emphasize data engineering and AI services.
Revenue from the Company's professional services engagements that involved data engineering and data migrations was significant at $881,330 for Q2 2019. This marked a nearly 100 percent increase from the previous calendar quarter, due to the acquisition of E-Connect Software.
Revenue from the Company's artificial intelligence (AI) professional services for Q2 was $419,160. This revenue is attributed to the Company's recent acquisition of E-Connect Software, Inc. where demand for these services is strong. The Company anticipates a significant portion of its revenue in the upcoming quarters to be attributed to its AI business.
The Company also expects that the business generated from its aforementioned AI professional services will lead to future sales of its artificial intelligence (AI) platform, NuGene. NuGene revenue in Q2 was negligible, as it was primarily undergoing integration into Sonasoft following the closure of its acquisition. The Company has established several NuGene customer trials since the acquisition that are expected to result in new bookings in 2019.
“We have some forward-moving developments with our artificial intelligence products,” said Frank Velasquez, CEO of Sonasoft. “In Q4 of this year, we have targeted significant product enhancements and product releases that our customers have requested. We will soon offer an open API to our artificial intelligence platform, NuGene, that will empower nearly every application to be AI-enabled. Our aim is to AI-enable every business.”
“Our primary sales strategy for our AI platform is through OEM partnerships and independent software vendors (ISV’s), and we will also have a direct sales model where our specific AI products are available for key verticals,” continued Velasquez. “We offer our partners a simple way for their applications to be AI-enabled by plugging our AI into their applications and solutions. We believe that this will be a fast route to seed the market with Sonasoft’s AI technology and obtain significant revenue.”
Sonasoft’s major accomplishments during Q2 2019 include:
The completed acquisition of Hotify, Inc. that has intellectual property of a cloud-based and on-premise artificial intelligence (AI) platform
An OEM agreement with Predikly that leverages Sonasoft’s AI and Predikly’s robotic process automation (RPA) to deliver intelligent process automation (IPA) solutions
The completed acquisition of E-Connect Software, Inc., that offers lucrative AI and data engineering consulting services
Several large sales wins with six-digit contracts that will be realized over the coming months
A complete transformation of SonaVault Enterprise Information Archiving Solutions that includes: a fresh and intuitive user interface (UI) and functionality to archive beyond email and its attachments to now archive over 40 different data sources that include social media, e.g. Facebook, Twitter, etc., chat apps, Skype, file share applications, collaboration tools such as Slack, Yammer, SharePoint, documents, Office 365, etc.
The Company also announces that it expects its Q3 2019 revenues to be approximately $4.3 million and has revised its previous fiscal year 2019 revenue guidance of $13 million upward to be between $13 million and $15 million.
“We rolled up four companies in the last eight months and are gaining momentum,” said Frank Velasquez, CEO of Sonasoft. “Our synergies as a team began to drive optimal performance as soon as we consolidated our management into one office. At our core, we have quality people who know how to win, and we are already seeing our expansion strategy paying off.”
Sonasoft’s full Q2, 2019 Quarterly Report is available here: backend.otcmarkets.com
About Sonasoft
Based in Silicon Valley since 2003 Sonasoft is a public company (SSFT) providing solutions that create significant competitive advantages from data, the most valuable corporate asset in the digital economy. Our artificial intelligence platform and software capabilities harness data to enable businesses to accelerate and improve decision making, increase operational efficiency, and automate critical processes.
