01 · Challenge
The Challenge
Hayden IR represented Numerex from January 2006 to April 2009. At engagement the market cap was approximately $58.6 million, the company had 10 institutional holders and no research coverage.
02 · Solution
Our Solution
- Edited and disseminated all news releases
- Developed a corporate profile for use with the investment community
- Targeted and arranged meetings with the financial community and edited supporting presentations
- Maintained the shareholder base while reporting detailed feedback to management, which shaped appropriate messages
- Identified prospective investors, educated them on Numerex’s historic performance and future potential, connected them with management and converted them to long-term shareholders
- Facilitated invitations to investor conferences including Needham & Co., Noble Research, AeA, B. Riley & Co. and Merriman Curhan & Ford
03 · Impact
The Impact
- Share price rose 98%, from $5.10 (January 6, 2006) to $10.10 (March 31, 2007), and market cap increased to $127 million
- Average 15-day trading volume increased 320%, from approximately 4,700 to almost 19,800 shares
- Institutional holders increased 130%, from 10 to 23
- Research coverage increased from zero to three firms, including Merriman Curhan & Ford, Singular Research and Intellivest Securities, plus independent newsletter coverage from Walter Ramsley of Walrus Partners
- Invitations to present at five investor conferences
Past results are not indicative of future performance. Figures are as reported in Hayden IR’s case study for Numerex Corp. See our disclosures.
