SeeThruEquity Issues Update on One Horizon Group (NASDAQ: OHGI)

NEW YORK, NY / ACCESSWIRE / July 26, 2016 / SeeThruEquity, a leading independent equity research and corporate access firm focused on small-cap and micro-cap public companies, today announced it has issued an update on One Horizon Group, Inc. (NASDAQ: OHGI).

The report is available here: OHGI July 2016 Update Note.

“It’s clear that the focus of management has been on the Aishuo business. As we noted in our October 2015 update, the company has been focused on growing the subscriber base of this business. Revenues in this segment have grown quickly from a small base, rising from $30,000 in 4Q15 to $60,000 in 1Q16, while subscriber downloads surpassed 37mn as of July 19, 2016, well ahead of the target set out by management last year,” stated Ajay Tandon, CEO of SeeThruEquity.

Additional highlights from the update note are as follows:

Investment Highlights

New “Roam Like Home” offering expands carrier possibilities

We were encouraged to see OHGI launch a compelling new service for emerging market carriers. In April, the company announced an attractive feature for emerging market carriers called, “Roam Like Home,” which appears to have had some initial success, as evidenced by OHGI announcing operators that have signed up for the service, including Smart Communications, the largest wireless service provider in the Philippines with over 55mn prepaid subscribers, that have already begun deploying the service since June. Roam Like Home offers subscribers the ability to take advantage of low coast roaming when travelling outside of their home market. It also has distinct advantages for carriers in their battle against competition from over-the-top services such as Skype, by enabling carriers to continue to profit from their prepaid subscribers even when they are roaming. According to the announcement by the company, Roam Like Home makes offering roaming service 5x – 17x more cost effective for carriers by using OHGI’s patented low data usage SmartPacket™ mobile VoIP smartphone app with the low inter-operator data roaming rates. The new service should create incremental revenue for OHGI’s service provider clients, who were previously losing revenues, as high data roaming fees were forcing prepaid subscribers to use WIFI-based OTT services when roaming.

Aishuo surpasses 37mn downloads ahead of expectations

OHGI has been focused on the launch and rollout of Aishuo, its retail VoIP service in China. We have been impressed by the pace at which the company has added downloads, and note that on July 19, 2016, the company announced that Aishuo had surpassed 37mn downloads. The figure is well ahead of our thinking, and also the company’s stated goal of reaching 15mn subscriber downloads by 1Q17. With 37mn in July, it now appears that management has more than doubled its initial goal. Having accomplished Phase 1 of is plan, we are now looking for OHGI to provide additional detail about its subscribers, including usage metrics and a clarification between subscriber downloads and active subscribers. We are also eager to learn more about the how management sees the scope and timing of potential monetization plans including sales of the recently launched Aishuo SIM card for holiday makers. Along these lines, OHGI has begun disclosing Aishuo revenues, which grew by 100% sequentially in 1Q16, grown rapidly albeit from a small base, reaching $60,000 in the quarter.

Please review important disclosures on our website at www.seethruequity.com.

About One Horizon Group, Inc.

One Horizon Group Inc.’s business is to optimize communications over the Internet through its wholly owned subsidiary, Horizon Globex GmbH, which develops and markets one of the world’s most bandwidth-efficient mobile voice over Internet Protocol (VoIP) platforms for smartphones, and also offers a range of other optimized data applications including messaging and mobile advertising. Horizon Globex GmbH is an ISO 9001 and ISO 20000-1 certified company. The Company has operations in Switzerland, the United Kingdom, China, India, Singapore, Hong Kong and Ireland.

For more information on the Company, its products and services, please visit www.onehorizongroup.com.

About SeeThruEquity

Since its founding in 2011, SeeThruEquity has been committed to its core mission: providing impactful, high quality research on underfollowed smallcap and microcap equities. SeeThruEquity has pioneered an innovative business model for equity research that is not paid for and is unbiased. SeeThruEquity is the host of acclaimed investor conferences that are the ultimate event for publicly traded companies with market capitalizations less than $1 billion.

SeeThruEquity is approved to contribute its research reports and estimates to Thomson One Analytics (First Call), the leading estimates platform on Wall Street, as well as Capital IQ and FactSet. SeeThruEquity maintains one of the industry’s most extensive databases of opt-in institutional and high net worth investors. The firm is headquartered in Midtown Manhattan in New York City.

For more information visit www.seethruequity.com.

Contact:

Ajay Tandon
SeeThruEquity
info@seethruequity.com

SOURCE: SeeThruEquity

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