Andiamo Corp (OTCMKTS:ANDI) has been one of the most exciting stocks of the New Year. ANDI shot out of the gate after CES and has continued to put together moves that are keeping investors high on this mid-level cellphone upstart. ANDI has recently brought aboard new talent and brought aboard a strategic partner, which we will focus on for the sake of understanding the next steps for ANDI and Utopya, its subsidiary.
The key partnership – and a catalyst for some of the recent rallies for ANDI – is with Cycloides Inc. The latter company has won a research award in Canada and worked for numerous Fortune 500 companies. The reason to bring aboard Cycloides is to help craft a unique software system for Utopya’s smartphones. This partnership allows the company to make good on its promises to consumers by creating a unique brand experience.
Andiamo Corp (OTCMKTS:ANDI) promulgates itself as a company that Andiamo Corporation, a Wyoming domiciled publicly traded company, and its subsidiary Utopya is an emerging technology company focused primarily on the development and distribution of mid-market smartphone devices equipped with a proprietary software ecosystem.
As part of the company’s long-term vision, it intends on bolstering its technology IP (intellectual property) by acquiring stakes in complementary technology firms, when it makes strategic sense to do so. Utopya smartphones will come equipped with a software ecosystem that includes a proprietary Android Operating System (OS) skin, as well as a number of proprietary mobile apps available exclusively to Utopya users.
The company will be well positioned as one of the only mid-market smartphone companies to offer a proprietary software experience to its customers; this will be especially true in many emerging market economies, where competition is scarce and growth potential is enormous. Acquiring users into the software ecosystem will allow the company to develop a diverse array of revenue streams which will function as a distinct competitive advantage, while also providing a barrier to entry against prospective mid-market competitors.
Andiamo Corporation, through its subsidiaries, provides prepackaged software services. It provides mobile applications through the Apple iTunes App Store and the Google Android market in approximately 80 countries. The company was formerly known as Title Consulting Services, Inc. and changed its name to Andiamo Corporation in June 2011. Andiamo Corporation was incorporated in 2000 and is based in Lansing, Michigan.
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Furthermore, ANDI announced that they will be retiring the ANDI ticker and changing to UTOP to stay on message.
Mike Starkweather, CEO, commented, “We’re very excited to announce that we have begun the process of changing the current ticker symbol to a symbol that better reflects the company’s brand and long-term vision. We hope to be able to secure the symbol ‘UTOP’, pending its approval. The first step will be filing the name change with the State of Wyoming…
On the financial side, ANDI looks solid. The most significant part of the project is the software and it is already developed. In October 2017, it was worth $0.541 million before amortization costs. In addition, the total amount of assets is $0.155 million. In addition, the asset/liability ratio is large. The total amount of liabilities is $0.0445 million. So, ANDI’s credit profile is stable. There are retained earnings of $0.750 million. It is a tax deductible item.
Trading at a market capitalization of $4.21k with 148.73k in shares outstanding along with 10-day average volume at 65.29M ANDI is still in a good position to capitalize on a burgeoning cellphone landscape. We will be writing more updates for this company as more news breaks. Sign-up for continuing coverage on shares of $ANDI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $ANDI, either long or short, and we have not been compensated for this article.