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RedZone has begun integrating and plans to continue integrating the facial recognition technology with its real-time crime/navigation app over the coming months. This is a key goal in our continuing development of RedZone Map.” “Sending notifications to our users of when their safety is more likely at risk, whether at a concert, in a shopping mall, or simply walking down the street, would greatly increase the utility of RedZone Map to our users. “Through artificial intelligence and facial recognition technology, we will seek to develop the capability to identify dangerous people entering an area and notify our users in real time,” said Ted Farnsworth, founder of RedZone. RedZone expects that the integration of IsItYou’s facial recognition technology with RedZone’s real time crime map will further enhance the personal safety of its users in the United States and internationally. In the future, RedZone plans to develop the capability of delivering real-time notifications of criminally active individuals in a user’s area – such as large events or public spaces, by seeking permitted access to publicly located surveillance cameras operated by private enterprises or government entities. Through the integration of IsItYou and RedZone Map, RedZone plans to enable RedZone Map users to identify persons whose image they are able to capture on the user’s smartphone camera or video, if the identification can be obtained through RedZone’s available data sources and artificial intelligence technology. RedZone plans to integrate RedZone Map’s artificial intelligence technology and proprietary real-time crime database with IsItYou’s facial recognition technology.
#Helios and matheson free
Still, Helios confirmed that it has burned through more than $219 million in negative free cash flow since 2018 began, which is in line with what the company reported in a separate press release that came out today: "MoviePass has purchased over $450 million worth of tickets in the last 12 months.RedZone acquires licensing worldwide for Facial Recognition Technology (Photo: Business Wire) The company has obviously made some funding moves since then, so Helios's cash position is probably a slightly different number today. Probably the biggest news of the quarter, though, is this: By the end of June, Helios and Matheson was down to just $15.5 million in cash reserves.
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Which is rather a lot of money to lose, given that each of those shares currently sells for just a little more than $0.04. On the bottom line, MoviePass recorded an $83.7 million net loss, and the portion of that loss "attributable to Helios and Matheson Analytics" was $63.3 million, or $132.47 per share. That's before accounting for $22 million in operating expenses, after which the company ended up with a $126.6 million operating loss for the quarter. Thus, MoviePass ended the quarter with a $104.6 million gross loss on its business.
#Helios and matheson movie
That sounds like good news, but Helios's cost of revenue - mainly the cost of buying tickets from movie theaters to hand out to its subscribers - galloped 19,400% ahead to $178.8 million. So what did the owner of MoviePass report? Sales for the fiscal second quarter of 2018 surged 6,500% year over year to $74.2 million. Falling stock chart laid over columns of numbers