NJ TECH CORNER: SITO Mobile, LTD.

Photo: Thomas Pallack is CEO of SITO Mobile. Photo Credit: Courtesy Thomas Pallack LinkedIn

Thomas Pallack is CEO of SITO Mobile. | Courtesy Thomas Pallack LinkedIn

Company Overview

SITO Mobile Ltd. (NASDAQ: SITO) is a provider of proprietary location-based marketing intelligence platform to provide advertisement delivery, measurement and attribution services, and consumer insights to brands, advertising agencies, out-of-house advertisers, media companies, and non-media companies that use consumer insights for strategic decision marketing purposes.  Founded in 2000, the Jersey City-based company has a workforce of 88 employees.    

 

Investment & Financial Information

 

Shares of common stock outstanding:

21,950,460

Share price of stock ( as of June 22, 2018 )

  $2.80

Share price of stock (one year ago)

  $3.64

Current valuation (as of June 22, 2018)

  $61.46 million

Valuation one year ago

  $75.28 million

Stock Symbol:

NASDAQ: SITO

Q1 Revenues  (ended March 31, 2018)

$11.1 million

Q1 Revenues (previous year)

$6.5 million

Q1 Net Income (Loss)(ended March 31, 2018)

($5.2 million)

Q1 Net Income (Loss) (previous year)

($3.1 million)

 

 Management Team

 

Name

Age

Title

 Thomas J. Pallack

62

Chief Executive Officer

 Mark Del Priore

40

Chief Financial Officer

 William A. Seagrave

63

Chief Operating Officer

 Chester Petrow

62

Chief Revenue Officer

 Michael Blanche

31

Chief Technology Officer

 

Board of Directors

 

Name

Age

Title

Steven Bornstein

65

Consultant, Activision Bizzard and Raine Group; former CEO, NFL Network and ESPN; former President, ABC Inc. and ABC Sports

Michael Durden

55

Owner and Principal Consultant, Carrington Advisory Group, LLC; Operating Director, Clear Point Investment Partners; former Senior Vice President, Experian

Itzhak Fisher

61

Chairman and Partner, Pereg Ventures; former Executive Vice President, former Executive Vice President, Nielsen

Thomas J. Pallack

62

Chief Executive Officer, C-Founder, CEO and Head of Sales, SBV Solutions-Strategic Business Velocity

Karen Seminara Patton

45

Chief Financial Officer, Nickelodeon; former CFO, Bravo; former Vice President of Finance, NBC Universal

Brent Rosenthal

45

Founder, Mountain Hawk Capital Partners, LLC: Board of Directors Member, comScore and Rice Bran Technologies; Special Advisor to Board of Directors, Park City Group

 

Noteworthy Control

 

Name

Shares of common stock owned

% of total common shares

Nicole Braun

1,947,167

 

 8.9 %

 

[All information for NJ Tech Corner was taken from the company’s annual reports and proxy statements and other company sources, with the exception of the company’s stock price and valuation.]

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