Shares of Enigma Software Group Inc. (OTCBB: ENGM) ballooned up the charts today rising 18 cents (58 percent) to 49 cents per share on volume of 136,800. I personally think the stock took such a jump because the man in charge is named “Colorado,” but really it probably has to do with the company’s steady increase in subscribers over the past month.
Since May 15, 2007, ENGM has announced over 9,000 new, renewal and third party subscribers. The company’s featured product SpyHunter V.2.9 is priced at $30, which would equate to over $270,000 in revenue for the past three weeks. These are solid results compared to the most recent quarterly results for the period ended March 31, 2007. First quarter revenues were $600,329, which is an increase of $278,050 or 86.3 percent as compared to its revenue for the prior year comparable period.
Market News First made several calls to ENGM to comment on these solid numbers, but messages were not immediately returned.
Enigma Software Group, Inc. develops security software and Internet-based systems in the U.S. Its consumer software product line focuses on delivering Internet privacy and security to individual users, home offices and small businesses. The company also develops an Internet-based search network and downloadable security software products designed to give customers instant access to information on the Web and control over the programs installed on their computers in an automated and easy-to-use way.