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Blue Calypso, Inc. (BCYP) SEC Filing 10-Q Quarterly report for the period ending Thursday, June 30, 2016

Blue Calypso, Inc.

CIK: 1399587
 
Exhibit 99.1
 
Blue Calypso Reports Second Quarter 2016 Financial Results

Management to Host Conference Call at 4:30 p.m. ET

DALLAS, TX – August 10, 2016 –
Blue Calypso, Inc. (OTCQB: BCYP), an innovator of mobile consumer activation, engagement and social advocacy solutions for product brands and brick-and-mortar retailers, reported financial and operating results for its second quarter ended June 30, 2016.

Second Quarter 2016 Financial Highlights vs. Year-Ago Quarter
·
Revenue in Q2 2016 increased approximately 360% to $0.5 million versus $0.1 million in Q2 2015.
·
Total operating expenses increased approximately 35% to $1.1 million versus $0.8 million in Q2 2015.
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Net loss in Q2 2016 totaled $0.6 million versus a net loss of $0.7 million in Q2 2015.

Key Second Quarter 2016 and Subsequent Highlights
·
Received strategic investment from loyalty program innovator Hal Brierley.
·
Appointed Hal Brierley as Chairman of the Board.
·
Appointed Stephanie Carson as Chief Marketing Officer.
·
Expanded relationship with IntegraColor to include programmatic advertising for horticultural clients.
·
Resolved all pending patent litigation matters on confidential terms and dismissed all active litigation cases.
·
Granted patent for advertising distribution through mobile social gaming.
·
Deployed KIOSentrix® platform across approximately 4,000 U.S. retail locations and 33,273 products.

Second Quarter 2016 Financial Results

Revenue in the second quarter of 2016 increased approximately 360% to $504,000 versus $109,000 in the second quarter of 2015. The increase in revenue is derived primarily from project-based revenue and is subject to timing of development projects and also as a result of fees associated with the resolution of patent litigation matters.
 
Cost of revenue in the second quarter of 2016 totaled $233,000 versus $45,000 in the same year-ago quarter. The increase in cost of revenue is primarily attributable to costs associated with the company’s BC Labs team as a result of increased development projects and fees associated with the resolution of patent litigation matters.
 
Total operating expenses, including cost of revenue, for the second quarter of 2016 increased to $1.1 million versus $805,000 in the second quarter of 2015. In addition to the higher cost of revenue, the increase in operating expenses is due to a 20% increase in G&A expenses primarily related to stock based compensation.
 
Net loss in the second quarter of 2016 totaled $587,000 or ($0.09) per basic and diluted share, compared to a net loss of $696,000 or ($0.14) per basic and diluted share in the same year-ago quarter. The decrease in net loss resulted primarily from an increase in revenue of $395,000 offset by fees incurred in connection with the resolution of patent litigation and an increase in stock based compensation expenses.

The following information was filed by Blue Calypso, Inc. on Wednesday, August 10, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Blue Calypso, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Condensed Consolidated Balance Sheets (unaudited)
Condensed Consolidated Balance Sheets (unaudited) (parentheticals)
Condensed Consolidated Statement Of Stockholders' Equity
Condensed Consolidated Statement Of Stockholders' Equity (parentheticals)
Condensed Consolidated Statements Of Cash Flows (unaudited)
Condensed Consolidated Statements Of Operations (unaudited)
Accounting Policies, By Policy (policies)
Document And Entity Information
Note 1 - Nature Of Operations And Basis Of Presentation
Note 2 - Going Concern And Management's Liquidity Plans
Note 2 - Going Concern And Management's Liquidity Plans (details)
Note 3 - Summary Of Significant Accounting Policies
Note 3 - Summary Of Significant Accounting Policies (details)
Note 3 - Summary Of Significant Accounting Policies (details) - Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share
Note 3 - Summary Of Significant Accounting Policies (tables)
Note 4 - Fair Value Of Financial Instruments
Note 4 - Fair Value Of Financial Instruments (details) - Fair Value Measurements, Recurring And Nonrecurring, Valuation Techniques
Note 4 - Fair Value Of Financial Instruments (details) - Fair Value, Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation
Note 4 - Fair Value Of Financial Instruments (details) - Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis
Note 4 - Fair Value Of Financial Instruments (details)
Note 4 - Fair Value Of Financial Instruments (tables)
Note 5 - Convertible Note Payable
Note 5 - Convertible Note Payable (details)
Note 6 - Stockholders' Equity
Note 6 - Stockholders' Equity (details) - Schedule Of Outstanding Warrants
Note 6 - Stockholders' Equity (details) - Schedule Of Share-based Compensation, Shares Authorized Under Stock Option Plans, By Exercise Price Range
Note 6 - Stockholders' Equity (details) - Schedule Of Share-based Compensation, Stock Options, Activity
Note 6 - Stockholders' Equity (details) - Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions
Note 6 - Stockholders' Equity (details) - Schedule Of Warrants Activity
Note 6 - Stockholders' Equity (details)
Note 6 - Stockholders' Equity (tables)
Note 7 - Related Party Transactions
Note 7 - Related Party Transactions (details)
Note 8 - Commitments And Contingencies
Note 8 - Commitments And Contingencies (details)
Note 9 - Subsequent Events
Note 9 - Subsequent Events (details)

Material Contracts, Statements, Certifications & more

Blue Calypso, Inc. provided additional information to their SEC Filing as exhibits

CIK: 1399587
Form Type: 10-Q Quarterly Report
Accession Number: 0001185185-16-005148
Submitted to the SEC: Wed Aug 10 2016 4:01:35 PM EST
Accepted by the SEC: Wed Aug 10 2016
Period: Thursday, June 30, 2016
Industry: Educational Services

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