Provision Holding Inc (OTCMKTS:PVHO) has become one of the most active names on the OTC markets. This comes as the company has been recommended by several newsletters and excitement over its 3D Holographic Kiosks. Couple this with a $4 million private placement and penny stock investors have turned PVHO into a momentum player among microcaps.
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.
Total revenues were $2.2 million for the quarter ended December 31, 2015, its second fiscal quarter after its June 30 year end, compared to $78 thousand for the similar quarter last year and $1.2 million of the previous quarter ended September 30, 2015. Revenues are primarily related to sales of Provision’s 3D Savings Center kiosks for placement into retail stores. The Company also reported a net loss of $603 thousand for the quarter ended December 31, 2015, compared to a net loss of $242 thousand for the same period last year as the company incurred greater expenses related to the ramp-up of its network of kiosks installed in approximately 200 retail locations and higher interest expense.
Provision’s 3D Savings Center Kiosks generate eye-popping, three dimensional, holographic videos and include exclusive loyalty card information and promotions. The 3D Savings Center kiosk contains Provision’s patented and award-winning 3D holographic display, which has proven to capture the interest and attention of retail customers. The 3D holographic display projects videos in front of the screen without the need for any special glasses or discomforting eye stress. Each kiosk also has a 2D interactive touch screen that provides consumers with quick access to promotions, rewards, coupons, or other retailer specific programs such as loyalty cards. Brand marketers can showcase their products via 3D advertising and engage viewers via the interactive touch screen interface.
Earlier this month, PVHO announced that it begun manufacturing the next batch of 310 3D Savings Center kiosks. Upon completion, the company will have produced and a total of 1,000 kiosks. Provision assembles its patented and award winning 3D holographic display, referred to as HoloVision, in their Los Angeles based facilities. Once completed, tested and accepted by quality assurance, Provision ships the HoloVision displays to their contract manufacturing partner, who integrates the Holovision display into the 3D Savings Center kiosk. This batch of 310 kiosks are expected to ship in the second quarter.
PVHO is also expanding into the Middle East. The company has shipped its first HL40 display to its Middle East distributor, AOTEX SARL. AOTEX SARL represents the countries of Bahrain, Jordan, Lebanon, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates. The shipment is part of a 3-year distribution agreement with AOTEX SARL and could mean placement of as many as 100 units during its launch year. CEO Curt Thornton said:
“AOTEX will first receive our HL40, which is our largest holographic display unit with a 40-inch diagonal screen. It goes without saying that the Middle East could be a very important market for us. We are working closely with AOTEX SARL to help grow our combined footprint. We have also had preliminary discussions with distributors in China, which could be our largest market after the United States.”
Currently trading at a market cap of $17 million, PVHO has quickly emerged as an exciting story on the OTC markets. Shares look to be consolidating before making their next move. We will be updating Insider Financial as soon as we know more. For continuing coverage on PVHO, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: We have no position in PVHO and have not been compensated for this article.