Friday, June 24, 2022

Provision Holding Inc (OTCMKTS:PVHO) Powers Off Key Support

Provision Holding Inc (OTCMKTS:PVHO) is a stock that’s been a strong outperformer this year on the OTC, up roughly 150% year-to-date, but consolidating those gains in recent months. This week, the action in shares of PVHO stock has been picking back up. This uptick is thanks to recent catalysts including news on Thursday morning that the company has released a new case study showing “Stunning Redemption Rates and Returns for Provision’s 3D Savings Centers”.

This is an interesting story in many ways. The company has been reporting in a manner that suggests improving operational success of late, with a big top line number in its last report of nearly $6 mln in sales on a trailing twelve month basis, and over 1000% y/y growth in quarterly terms. The company is not breaking even yet, and in fact showing an increasing, though small, operational loss, which can likely be attributed to increasing marketing spend as products start to resonate with the target market. Shares have triple tested key support in the $0.17 area before catching some momentum back higher.

Provision Holding Inc (OTCMKTS:PVHO) bills itself as a company that focuses on the development and distribution of three-dimensional (3D) holographic interactive video displays primarily for advertising and product merchandising markets.

Its products include HoloVision displays and 3D Savings Center kiosks that offer enable advertisers and customers to reach captive audiences in grocery stores, malls, convenience stores, gas stations, banks, and other retail locations.

Provision Interactive Technologies, Inc., a subsidiary of the publicly traded company Provision Holding, Inc. (PVHO), is the leading purveyor of intelligent interactive 3D holographic display technologies, software, and integrated solutions for both commercial and consumer focused applications.

Provision’s 3D holographic display systems represent a revolutionary technology that provides the projection of full color, high-resolution videos into space detached from the screen, without any special glasses. Provision is currently the market leader in true 3D consumer advertising display products being implemented by innovative, consumer-focused companies.

Provision Holding, Inc. (PVHO) trades on the OTCQB venture stage marketplace for early stage and developing U.S. and international companies.  Companies are current in their reporting and undergo an annual verification and management certification process.

The company is headquartered in Chatsworth, California.

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The 3D Savings Centers allow customers the option to print coupons for specific in-store brands. In 5 months Provision’s 3D Savings Centers printed 295,640 coupons, with a vast majority redeemed the same day.

“While we’ve always known that our 3D platform will outperform traditional in-store media, this program data has exceeded our expectations,” said Provision President and CEO Curt Thornton. “There is plenty of published market data supporting the efficacy of in-store 2D digital signage. Now, there is no question in our minds that 3D is a more effective way to change consumer purchase behavior, especially when combined with our digital coupons.”

Provision is currently extending its retail footprint and growing its base of advertising partners. The Company anticipates these redemption rates will help increase its advertising revenue and sales of new Provision 3D Savings Center kiosks to advertising partners.

The Company also recently announced that a “well-known global life science company” has begun a national advertising promotional campaign on Provision’s 3D Savings Center kiosks for its consumer healthcare brands. The campaign will utilize the unique 3D holographic technology as well as in-store promotional coupons provided by Provision’s 3D Saving Center kiosks in retail locations across the U.S.

“It is very gratifying to have an important global life science company choose our technology to promote some of the world’s most beloved consumer healthcare products,” said Provision President and CEO Curt Thornton. “The quality of our advertising partners is a terrific endorsement of the power of our technology.”

Market sentiment is improving, and PVHO is currently trading at a market capitalization of $18.6M. Provision has a decent store ($2.02M) of cash on the books, with total assets above $4.1M, which must be weighed relative to an appreciable load ($6.24M) of total accumulated debt. Given the sales growth and volume of late, this is not really a problematic balance sheet situation. Additionally the ratio of total market capitalization to revenues is very favorable, suggesting some opportunity here. We will continue to monitor the stock closely and update its progress again very soon. For continuing coverage on shares of $PVHO, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

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