01 · Challenge
The Challenge
When Hayden IR began representing Top Image Systems on October 1, 2011, the stock traded at $1.86, a market cap of approximately $20.18 million, and average daily trading volume in the prior month was 24,345 shares. The company’s valuation was heavily discounted relative to its peers.
02 · Solution
Our Solution
- Developed collateral and positioned the company within the investment community as a heavily discounted valuation relative to peers
- Edited the company presentation for length, content and coherence to investors
- Assisted with conference call script preparation, press release writing and shareholder communications
- Put management on a 4-day, 3-city roadshow with more than 30 investment professionals, broadening the shareholder base with new positions resulting from these meetings
- Introduced management to peer analysts and secured an invitation to present at the Roth Capital Conference
- Executed strategies to reach retail and institutional investors as well as research analysts
03 · Impact
The Impact
- Share price rose 183% in six months, from $1.86 (October 1, 2011) to $5.28 (April 27, 2012)
- Market cap increased from $20.18 million to $58.74 million
- Average daily trading volume rose 763%, from 24,345 shares in September 2011 to 210,114 shares over the first six months of engagement
Past results are not indicative of future performance. Figures are as reported in Hayden IR’s case study for Top Image Systems, Ltd. See our disclosures.
