UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 7, 2015
Inventergy Global, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 000-26399 | 62-1482176 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
900 E. Hamilton Avenue #180 Campbell, CA |
95008 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (408) 389-3510
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 | Other Events |
On August 7, 2015, Inventergy Global, Inc. issued a press release announcing its second quarter results. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
The following exhibits are filed with this Current Report on Form 8-K:
Exhibit No. | Description |
99.1 | Press Release dated August 7, 2015 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 7, 2015
INVENTERGY GLOBAL, INC. | |||
By: | /s/ Joseph W. Beyers | ||
Name: Joseph W. Beyers | |||
Title: Chief Executive Officer |
Exhibit Index
99.1 | Press Release, dated August 7, 2015 |
Exhibit 99.1
Inventergy Announces Second Quarter Results
Over $4 million in Revenue; First Profitable Quarter
CAMPBELL, CA—August 7, 2015 - Inventergy Global, Inc. (NASDAQ: INVT) ("Inventergy"), today announced that revenues for the quarter ended June 30, 2015 were $4,183,891 compared to $47,044 in the comparable quarter of 2014, and that net income was $601,353 compared to a net loss of $3,932,313 in 2014. The net income posted in the quarter ended June 30, 2015 marks the first profitable quarter for Inventergy since its reverse merger in June 2014 with eON Communications Corporation when it initiated trading under the “INVT” symbol. The Company had a cash balance of $5,449,313 as of June 30, 2015 compared with $1,443,349 as of December 31, 2014, and generated cash from operations of $1,044,064 for the six months ended June 30, 2015 compared with a net use of cash in operations of $4,571,698 in the comparable period of 2014.
“We are very pleased with these results, which reflect revenue from our first two patent monetization agreements, coupled with strong cost control measures”, CEO and Chairman Joe Beyers said. “We are hopeful to be able to deliver more positive results through our team’s efforts in capitalizing on our growing pipeline of patent monetization opportunities”. Beyers continued, “As a further indication of my belief in and support for Inventergy, on June 26, 2015, I purchased 217,392 shares of Rule 144b Restricted Stock from the company for $100,000 at 46 cents per share, a 24% premium to market.”
Full financial details for the three and six month periods ended June 30, 2015 are contained in Inventergy’s Form 10-Q which was filed with the SEC today, a copy of which is available on the Company’s website at http://ir.inventergy.com/all-sec-filings.
About Inventergy Global, Inc.
Inventergy is a Silicon Valley-based intellectual property company dedicated to identifying, acquiring and licensing the patented technologies of market-significant technology leaders. Led by IP industry pioneer and veteran Joe Beyers, the Company leverages decades of corporate experience, market and technology expertise, and industry connections to assist Fortune 500 companies in leveraging the value of their innovations to achieve greater returns. For more information about Inventergy, visit www.inventergy.com.
inventergy.com / 900 E. Hamilton Avenue, Suite 180 / Campbell, CA 95008
Contact:
Robert Haag
IRTH Communications
INVT@irthcommunications.com
866-976-4784
inventergy.com / 900 E. Hamilton Avenue, Suite 180 / Campbell, CA 95008