Oil Recovers Post U.S. Inventory Data Released Today

OIl futures recovered from an early session drop and post the U.S. Inventory Data Release today. The release confirmed a decline in U.S. crude inventories was not as great as expected however it was coupled with encouraging data on domestic oil demand. Oil settled at $49.59 a barrel post last weeks run that took WTI above $50 a barrel.

Oil finds higher ground after U.S. inventory data

Oil futures gain ground in a choppy session as traders grapple with a smaller-than-expected decline in crude inventories amid a mixed bag of government data…

www.marketwatch.com

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Key Components Led Charge for Dow 30’s Record Milestone Today!

We achieved an intraday record of 22,036.10 on the Dow 30 today while closing at 22,016.24. McDonald’s Corp. (MCD) was up +1.66% , Apple, Inc (AAPL) ended up 4.73% & 3M (MMM) was up 1.1%.

How each Dow stock contributed to the 22,000 milestone

Here’s how shares of the 30 Dow industrials components contributed to the blue-chip barometer’s climb to the 22,000 milestone…

www.marketwatch.com

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Health Insurance Innovations, Inc. (HIIQ) Reports Record Q2 Results & Revises Upward!

Tampa, Florida-based Health Insurance Innovations, Inc. (HIIQ), a leading developer, distributor, and cloud-based administrator of affordable health insurance and supplemental plans is one of the best-performing stocks that Vista Partners has covered over the last year. Shares of HIIQ achieved another new all-time 52-week high trading at $29.25 recently. The 52- week low is $3.83.

Today HIIQ reported record Q2 2017 results and revised 2017 guidance metrics upwards. The record results were reported as follows:
-Record Revenue was $61.8 million, up 39% YOY,
-Diluted earnings per share was $0.35, up 46% YOY
-Record Adjusted Earnings per Share of $0.46, up 70% YOY
-Record Policies in force totaled approximately 359,500, up 39% YOY

Health Insurance Innovations, Inc. Reports Record Second Quarter 2017 Financial and Operating Results

Revised 2017 Guidance Metrics Upwards Record Revenue of $61.8 million, up 39% YOY Diluted Earnings per Share of $0.35, up 46% YOY Record Adjusted Earnings per Share of $0.46, up 70% YOY Record Policies …..

finance.yahoo.com

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To learn more & track the progress of HIIQ please visit the Vista Partners Coverage pages at www.vistapglobal.com




Global Leader in DNA Sequencing Illumina (ILMN) Bests the Streets 2Q Estimates & Shares Shoot Up +13%

Illumina (NasdaqGM: ILMN) reported earnings today and bested the streets’ estimates. Illumina reported revenue of $662 million, a 10% increase compared to $600 million in the second quarter of 2016. GAAP net income attributable to Illumina stockholders was reported for the quarter of $128 million, or $0.87 per diluted share, compared to $120 million, or $0.82 per diluted share, for the second quarter of 2016. The Company has raised its full-year revenue forecast on higher-than-expected demand for Illumina’s new gene-sequencing technology.

Ilumina is improving human health by unlocking the power of the genome. Thier focus on innovation has established us as the global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical and applied markets. Their products are used for applications in the life sciences, oncology, reproductive health, agriculture and other emerging segments. To learn more, visit www.illumina.com.

Illumina tops Street 2Q forecasts

The San Diego-based company said it had profit of 87 cents per share. Earnings, adjusted for non-recurring gains, came to 82 cents per share. The results beat Wall Street expectations. The average estimate …..

finance.yahoo.com

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Vista Partners Published Its Weekly Market Update for Week Ending July 28, 2017

Vista Partners new Weekly Market Update for Week Ending July 28, 2017 includes a quick overview & results of the markets for the week written by Managing Director John F. Heerdink, Jr. and news, trending videos from Vista Partners Coverage Universe that includes all components of the Dow 30 and a Select Group of Emerging Growth Companies and beyond. The Weekly Market Update is targeted to be published on the Vista Partners website and emailed out to all registered by every Saturday. Please take a few seconds to register to receive this free publication directly to your email weekly and to be to download the current newsletter in pdf form now at the “newsletters” section of the Vista partners website www.vistapglobal.com.

Vista Partners also hosts dedicated pages for the Coverage Universe that can assist in gaining greater understanding with the goal of becoming a better investor and is updated regularly.

We hope you enjoy and thank you for your continued attention.

Based in San Francisco, CA Vista Partners LLC (“Vista”) was founded in 2005 and is a Registered Investment Advisor in the State of California. Vista seeks to invest partner capital with a global perspective across all sectors, provide advice to issuers regarding fundamental development, corporate governance, and capital market directives, while providing a platform for all to discover timely and relevant insights and information to foster further evaluation & understanding with a goal of becoming a better investor.

Issuers may contact Vista Partners at inquiries@vistapglobal.com  to request a conference call with Managing Director, John F. Heerdink, Jr., so that he may consider conducting the necessary review and due diligence that could lead to their company’s inclusion in the Vista Partners’ Coverage Universe.




“Moving Money at The Speed of Now: The Future of Mobile, Prepaid and Small Business Banking.”

Digiliti Money’s Executive Vice President Larry Blaney and Core Product Solutions Manager James Watts will present the session, “Moving Money at The Speed of Now: The Future of Mobile, Prepaid and Small Business Banking.” The session will be held on Thursday, August 3, at 9:45 a.m. CT. at the private MEMBERS Development Company’s 2017 Summer Owner Meeting held at the Gwen Hotel in Chicago, August 2-3, 2017.MEMBERS Development Company (MDC) is a powerful network of 40+ select, large credit unions working together on compelling, meaningful research and development projects. This annual MDC member-only meeting is focused on the latest trends in consumer behavior, data analytics, FinTech, social media, demographics, and mobile.

Digiliti Money to Speak on Mobile Banking, Small Business and Prepaid Card Program Trends at MDC Event, August 3, 2017

MINNEAPOLIS, July 26, 2017– Digiliti Money, Inc., a leading mobile FinTech provider, will present trends with mobile banking, small business and prepaid card programs at the private MEMBERS Development …..

finance.yahoo.com

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To learn more about Digiliti Money please visit the Vista Partners Digilit Money dedicated page




Cloud Services Provider Fusion (NasdaqCM: FSNN) States “Strong Momentum From 2016 Has Accelerated in Q1 2017”

Fusion (NasdaqCM: FSNN), a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry’s single source for the cloud. Matthew Rosen, Fusion’s Chief Executive Officer stated recently “The strong momentum from 2016 has accelerated into the first quarter of 2017, as demonstrated by our solid growth in both revenue and Adjusted EBITDA. Our first quarter results validate our sales and marketing initiatives and our investments in our service delivery platform that are now generating improved operating and financial performance. We also saw continued traction in delivering organic growth in our Business Services segment, as our key service metrics of ARPU and churn once again reflect the success of our strategy to sell multiple cloud services to our growing customer base. Our sales and M&A pipelines remain robust and position Fusion to achieve our intermediate financial goals of $200 million in annual revenue and $30 million in annual Adjusted EBITDA. In addition, we expect to continue de-levering our balance sheet by making scheduled principal payments on our indebtedness, expanding our Adjusted EBITDA with continued revenue growth, and executing on targeted acquisitions at attractive valuations. For all these reasons, we believe Fusion is poised to create substantial value for shareholders.”

Michael Bauer, Fusion’s Chief Financial Officer, stated, “During the first quarter, we converted a significant number of outstanding B-2 Preferred Stock into common stock, thereby reducing future dividend obligations. This brings the total amount of B­-2 Preferred Stock that we have eliminated to approximately 60% of the original $23 million issued. We intend to take meaningful steps to simplify our capital structure and improve our financial flexibility in the coming quarters. We are also making excellent progress on the integration of Apptix which should result in greater operating efficiencies, and we remain on track to realize the full run-rate of our expected cost synergies by the second half of 2017.”

Fusion’ s First Quarter 2017 Financial Results were reported and summarzied as follows:

Consolidated revenue grew 6% in Q1 2017 to $35.8 million, compared to $33.8 million in Q1 2016, due to an increase in the Company’s Business Services segment revenue. Business Services revenue grew 32% in Q1 2017 to $28.5 million, compared to $21.6 million in Q1 2016, primarily due to the acquisition of Apptix. Carrier Services revenue in Q1 2017 was $7.3 million, compared to $12.2 million in Q1 2016, primarily due to a decline in the total minutes of traffic carried on Fusion’s network.

Consolidated gross margin in Q1 2017 was 46.2%, an increase of approximately 700 basis points compared to 39.2% in Q1 2016, primarily due to a greater proportion of Business Services revenue in consolidated revenue. Business Services gross margin was 57.4%, compared to 59.0% in Q1 2016. Carrier Services gross margin was 2.7%, compared to 4.4% in Q1 2016.

Net loss attributable to common shareholders in Q1 2017 was $4.7 million, or $(0.23) per share on a basic and diluted basis, compared to net loss in Q1 2016 of $4.1 million, or $(0.30) per share on a basic and diluted basis.

Adjusted EBITDA grew 18% in Q1 2017 to $3.3 million, compared to $2.8 million in Q1 2016. Adjusted EBITDA grew 49% compared to $2.2 million in Q4 2016, due primarily to the successful integration of Apptix and synergies achieved from the acquisition which closed in November 2016.

Cash at March 31, 2017 totaled $6.6 million, compared to $7.2 million at December 31, 2016. During Q1 2017, the Company made approximately $813,000 in principal payments, reducing its outstanding term loan balance.

On March 31, 2017, the Company converted 2,958 shares of its Series B-2 Preferred Stock into 986,665 shares of common stock.

Further details about the Company’s financial results are available in its quarterly report on Form 10-Q, which is available in the investor relations section of the Company’s website at ir.fusionconnect.com.

To learn more about Fusion (NasdaqCM: FSNN) and stay abreast of its future developments please visit its Coverage Page at Vista Partners.




Vista Partners Published Its Weekly Market Update for Week Ending May 19, 2017

Vista Partners new Weekly Market Update for Week Ending May 12, 2017 has just been published. The Weekly Update includes a quick overview & results of the markets for the week written by Managing Director John F. Heerdink, Jr. and news & trending videos Vista Partners Coverage Universe that includes all components of the Dow30 and A Select Group of Emerging Growth Companies and beyond. The Weekly Market Update is targeted to be published on the Vista Partners website and emailed out to all registered by 8 am pacific every Saturday. Please take a few seconds to register to receive this free publication directly to your email weekly and to be to download the current newsletter in pdf form now at the “newsletters” section of the Vista partners website www.vistapglobal.com.

Vista Partners also hosts dedicated pages for the Coverage Universe that can assist in gaining greater understanding with the goal of becoming a better investor and is updated regularly.

We hope you enjoy and thank you for your continued attention.

Based in San Francisco, CA Vista Partners LLC (“Vista”) was founded in 2005 and is a Registered Investment Advisor in the State of California. Vista seeks to invest partner capital with a global perspective across all sectors, provide advice to issuers regarding fundamental development, corporate governance, and capital market directives, while providing a platform for all to discover timely and relevant insights and information to foster further evaluation & understanding with a goal of becoming a better investor.

Issuers may contact Vista Partners at inquiries@vistapglobal.com  to request a conference call with Managing Director, John F. Heerdink, Jr., so that he may consider conducting the necessary review and due diligence that could lead to their company’s inclusion in the Vista Partners’ Coverage Universe.




Why Did Cubus Solutions Choose to Partner with Digiliti Money To Deliver Mobile Check Deposit to Credit Union Customers?

Cubus Solutions, headquartered in Livermore, California, provides a powerful online banking platform for credit unions that integrate online banking, payments and finance management in one single interface. Cubus and its online banking platform were built by executives and engineers with decades of combined experience with core data systems and the banking industry. Cubus is a trusted solution provider with nearly a dozen years of proven success with its clients.

John-Ashley Paul, President of Cubus Solutions stated, “Select Mobile Deposit’s robust RDC technology, easy and flexible integration, and superior ability to capture check information made it a clear choice for adding mobile deposit capability to our platform and making Digiliti Money our primary mobile RDC provider. As a standard feature on Cubus One, we can easily provide mobile deposit functionality to any of our Cubus One credit union customers without costly or time-consuming customization for their particular deployment.”

Cubus has integrated Digiliti Money’s awarding-winning Select Mobile™ Deposit platform with the Cubus One banking platform for credit unions, which gives members the power to take advantage of credit union services anytime, from anywhere, by delivering seamless, real-time online/mobile banking through any device they choose. The first credit union went live on the platform in March 2017.

The combined solution now gives Cubus One users the ability to deposit checks into their account by using the camera on their mobile device. From within the Cubus mobile app, they simply choose the account, enter the check amount, snap a photo of the front and back of the check, press submit, and they’re done.

The check information is transmitted with multiple layers of security, including the ability to trace the transaction back to the submitting device. Once a check is submitted successfully, users are alerted that the transaction has been completed and funds are available. The process is quick and easy, and saves the time and expense of a trip to the credit union or ATM.

Unique to Digiliti Money’s Select Mobile Deposit solution is the flexibility to allow defined rules per group. This allows credit unions to advance a member to a higher level of deposit acceptance, like higher single-deposit amounts or higher daily limits, as the account matures. The deployment for Cubus also includes new capabilities Digiliti Money is rolling out this summer that allow new processing rules based on additional field reads and enhanced fraud mitigation.

Digiliti Money President, Chairman and CEO Jeffrey Mack stated, “Mobile RDC can be one of the most challenging and complex functions for financial institutions to deploy, especially with regulators demanding greater security and stronger fraud protection measures. For leading online banking solution providers like Cubus, we help with these challenges, saving the time and expense associated with delivering mobile RDC to their customers. By partnering with Cubus as their default mobile RDC technology provider, Digiliti Money is now in the position to handle the volume of checks produced by the credit unions they service,” added Mack. In fact, Cubus is already ranked as a top six Digiliti Money customer in terms of RDC volume commitment. Further, as compared to our typical Select Mobile Deposit deployments that are customized for each financial institution, our platform integration with Cubus signifies tremendous leverage in terms of market reach. It also virtually eliminates future integration requirements for us, as more and more Cubus One credit union customers sign on to benefit from our Select Mobile Deposit solution.”

Digiliti Money(NasdaqCM: DGLT) is a leading cloud-based, SaaS technology provider serving the financial services industry with mobile money and remote deposit capture solutions for PC, Mac and mobile. Founded in 2010, Digiliti Money has quickly grown into a technology leader and trusted partner of some of the world’s largest and most respected financial organizations. With remarkable growth, an impressive client base and award-winning technologies, Digiliti Money continues to drive innovation and deliver world-class solutions to financial institutions of all sizes.

The company’s industry-leading solutions help clients to increase customer engagement, grow revenues and gain competitive advantage. Digiliti Money’s cloud-based technology platform simplifies development, deployment and servicing of consumer and commercial solutions—minimizing cost and accelerating speed-to-market and ROI. Enabled by Digiliti Money’s complete suite of business and consumer solutions, financial institutions can better serve the needs of all their customers.

Please visit the Vista Partners Coverage Page on Digiliti Money, Inc. (NasdaqCM: DGLT) to stay up to date and begin to gain a greater understanding and to learn more about developments in fintech and this specific issuer.

Vista Partners new Weekly Market Update includes a quick overview & results of the markets for the week written by Managing Director John F. Heerdink, Jr. and news & trending videos regarding our expanded coverage universe that includes all components of the Dow30 and A Select Group of Emerging Growth Companies. The Weekly Market Update is targeted to be published on the Vista Partners website and emailed out to all registered by 8am pacific every Saturday. Please take a few seconds to register to receive this free publication directly to your email.




Why Does Mark Cuban Believe That He’s An Investor and Not a Venture Capitalist?

In March of this year Mark Cuban at the 2017 SXSW Conference and Festivals in Austin, Texas stated that he’s an investor not a venture capitalist. When he was asked what the difference is he stated the following “The difference is I try to be supportive and involved in the companies I invest in.” These are sharp words from a typically quick to judge and successful gentle that is also one of the judges on the popular start up show “The Shark Tank” and owner of the NBA franchise The Dallas Mavericks.

Note that Vista Partners Weekly Market Update includes a quick overview & results of the markets for the week written by Managing Director John F. Heerdink, Jr. and news & trending videos Vista Partners Coverage Universe that includes all components of the Dow30 and A Select Group of Emerging Growth Companies and beyond. The Weekly Market Update is targeted to be published on the Vista Partners website and emailed out to all registered by 8am pacific every Saturday. Please take a few seconds to register to receive this free publication directly to your email.

Vista Partners website www.vistapglobal.com also hosts dedicated pages for the Coverage Universe that can assist in gaining greater understanding with the goal of becoming a better investor and is updated regularly.

Based in San Francisco, CA Vista Partners LLC (“Vista”) was founded in 2005 and is a Registered Investment Advisor in the State of California. Vista seeks to invest partner capital with a global perspective across all sectors, provide advice to issuers regarding fundamental development, corporate governance and capital market directives, while providing a platform for all to discover timely and relevant insights and information to foster further evaluation & understanding with a goal of becoming a better investor. Issuers may apply and/or inquire about Vista Partners’ Advisory Program by sending a message to John Heerdink at inquiries@vistapglobal.com.

Mark Cuban: I’m Not a Venture Capitalist, I’m an Investor

There’s a difference, the Shark Tank Shark argues…

fortune.com

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