Monday, June 27, 2022

Provision Holding Inc (OTCMKTS:PVHO) Rebels Against the Trend

Provision Holding Inc (OTCMKTS:PVHO) is a penny play that exploded higher on Wednesday, amid a vicious and persistent downward trend. Is it a shift in the story? Let’s take a look. First off, the move was clearly in response to the company’s announcement that it has recently launched version 2.0 of its advanced 3D Savings Center software. According to the release, “This innovative, application-based platform delivers a comprehensive user-friendly solution to consumers in retail stores, with an enhanced loyalty card interface.”

“This important upgrade has been a long time in coming,” said Curt Thornton, CEO of Provision.  “The most exciting feature of this version is the system’s seamless connection to consumers’ loyalty cards.  This offers customers quick, easy access to well-targeted offers and coupons.”

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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It’s important to know that the company has been touting a very clear message of market momentum in terms of future sales growth and customer base. This is a concept play. If the concept catches on, then the play is going to be red hot. Therefore, the company has one goal in its investor relations dealings: to convince the world that the concept is catching on.

This is actually not so different from the company’s marketing goal, given that marketing is rooted in herd psychology in many cases.

To that end, the company’s other recent announcement should be taken into account to understand the story: earlier this month, PVHO announced that it has successfully installed an additional 200 3D Savings Center kiosks in retail partner locations. With this installation, Provision has opened new markets in Boston, Atlanta and Washington, DC while expanding its presence in New York, Los Angeles, Cleveland, Philadelphia, Detroit, San Francisco, and Seattle.  The kiosks are now in approximately 700 locations in major markets.

“This installation marks another major milestone for our rapidly evolving company,” said Curt Thornton, President and CEO of Provision. “We are very excited about this latest installation because it extends our footprint into new demographic markets representing new advertising prospects.  We believe that with each new milestone, we increase our value to our retail partner, their consumer brands and our shareholders.”

Traders will note 25% added to share values of the listing over the past week of action, a rally that has pushed up against longer standing distributive pressure in the stock. However, PVHO has a history of dramatic rallies. Furthermore, the name has registered increased average transaction volume recently, with the past month seeing nearly 130% above the average volume levels in play in this stock over the longer term.

Now commanding a market cap of $13M, PVHO has a chunk ($1.1M) of cash on the books, which must be weighed relative to about $5M in total current liabilities.

One should also note that debt has been growing over recent quarters. PVHO is pulling in trailing 12-month revenues of $5.5M. However, the company is seeing declines on the top line on a quarterly y/y basis, with revenues falling at -78.6%. This last point should not be overlooked given the company’s claim to conceptual momentum. Tread carefully here, but give it a serious look. For continuing coverage on shares of $PVHO stock, and other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

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