You might not be aware, but Virtual Piggy Inc., a stalwart demo-er at Finovate that sells an online and mobile payments account for parents to give their kids, is a publicly traded company, and its stock has been on a tear. Despite generating just $88 of revenue last quarter. In the last six months, Virtual Piggy’s stock [ticker: VPIG] has increased 107.23% to $2.68 per share, as of 10:13 a.m. ET today. The company now has a market capitalization of $269 million. The company’s financial performance, however, has not been as stellar. VPIG generated $88 of revenue — yes, less than $100 — and lost nearly $2.7 million last quarter. In total, the company has lost $22.2 million since it was founded in February 2008, according to SEC documents. It’s total revenue since founding: $5,227. That barely buys a Yugo.
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