Voip-pal.com Inc (OTCMKTS:VPLM) CFO Jin Kuang has reportedly sold a total of 1,000,000 shares of the company's common stock in a series of transactions. According to the latest filings, the sales occurred on three separate dates, with prices ranging between $0.0165 and $0.0166 per share, amounting to a total value of approximately $16,530.
The first transaction took place on June 12, 2024, where Kuang sold 300,000 shares at a price of $0.0166 each. Following this sale, another 300,000 shares were sold on June 14 at a slightly lower price of $0.0165 per share. The final sale, which took place on June 17, involved 400,000 shares, also at $0.0165 per share. After these transactions, the CFO's ownership in Voip-pal.com Inc has been adjusted to 5,014,235 shares of common stock.
Voip-pal.com Inc, a company specializing in telephone and telegraph apparatus manufacturing, has its headquarters located in Waco, Texas. As of the reporting date, the CFO also holds options for an additional 5,000,000 shares, which are included in the total options count as per the footnotes in the filing.
Investors often keep a close watch on insider transactions as they may provide insights into the company's performance and future prospects. However, it is important to note that insider sales can be motivated by a variety of factors and may not necessarily reflect a negative outlook on the company's potential.
The company's stock is traded under the ticker symbol VPLM on the OTCMKTS.
InvestingPro Insights
The recent insider sales by Voip-pal.com Inc's (OTCMKTS:VPLM) CFO Jin Kuang come at a time when the company's financial metrics provide a mixed picture of its performance. Voip-pal.com Inc holds a market capitalization of $58.84 million, indicative of its size within the telecommunications equipment industry. Notably, the company does not pay a dividend, which aligns with the common practice among growth-oriented tech companies that prefer to reinvest earnings back into the company.
InvestingPro data reveals a concerning P/E Ratio of -1.88, which has further declined in the last twelve months as of Q2 2024, reaching -2.29. This negative P/E ratio suggests that the company has been unprofitable over the recent period. Additionally, Voip-pal.com Inc's price has significantly declined over the last year, with a one-year price total return of -78.67%, reflecting the market's revised expectations of the company's future performance.
Among the InvestingPro Tips, it is highlighted that Voip-pal.com Inc suffers from weak gross profit margins, with the last twelve months as of Q2 2024 showing a gross profit of -0.01 million USD. This is a critical aspect for investors to consider, as gross profit margins can indicate how efficiently a company is managing its production costs relative to its sales. On the positive side, the company holds more cash than debt on its balance sheet, and its liquid assets exceed short-term obligations, suggesting a stable financial position in terms of liquidity.
For investors interested in a deeper analysis, InvestingPro provides additional insights, including a total of 6 more InvestingPro Tips for Voip-pal.com Inc, which can be found at https://www.investing.com/pro/VPLM. To gain access to these valuable insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.