Businesses and individuals are increasingly facing the difficulty of transferring programs, applications, and data across a diverse environment of operating systems. Certain applications and programs can only be run on specific operating systems, which presents an issue for businesses and individuals who are not equipped with that specific operating system. Purchasing entirely new hardware to support the needed operating system is extremely costly, inefficient, and time consuming. The answer to this issue is application virtualization cloud computing.
Application virtualization allows users to run applications and programs across all operating systems, without the compatibility worries. Application virtualization has four main module interfaces: input/output, graphics, hardware, and library functions interfaces. In addition, there are secondary modules that support multiple users, security, app isolation, communication between applications, remote services, and more.
According to MarketsandMarkets Research, growth of the cloud-based services industry is estimated to grow from $1.3 billion in 2015 to $2.6 billion in 2020, or a compound annual growth rate (CAGR) of 14.9%. The firm’s research shows that North America is the largest market for cloud-based application virtualization, however, Asia is expected to see the highest area of annual growth through 2020.
The application virtualization and cloud computing services industry is home to some very well-known technology companies such as Microsoft Corporation (NASDAQ: MSFT), Oracle Corporation (NYSE: ORCL), SAP SE (ADR) (NYSE: SAP), Salesforce.com, Inc. (NYSE: CRM), Citrix Systems, Inc. (NASDAQ: CTXS), and more. However, one smaller cloud services company is able to compete with these big technology players by focusing on a niche area of the market: lower-cost.
Thinspace Technology, Inc. (OTC Pink: THNS) operates as an enabler of shared applications and desktops delivered both across the enterprise and, within a hybrid cloud environment. The company’s applications are focused on increased productivity, ease of use, access and delivery. The company’s integrated software products empower enterprise customers with the ability to access and manage their various business applications across any computer, laptop, smartphone, and tablet. Thinspace Technology, Inc. (OTC Pink: THNS)’s product line includes skyDesk, skyGate, skyView, skyDirect, and skyPoint. Thinspace Technology, Inc. (OTC Pink: THNS) has around 3,000 customers, as of August 2016.
Through the company’s product line of cloud-based solutions, clients are able to gain control, delivery and access to on-demand application or shared desktops via a delivery platform that enhances Windows Remote Desktop Services. This gives clients a comprehensive platform to manage their business from the cloud. In other words, Thinspace Technology, Inc. (OTC Pink: THNS) bridges the gap between basic remote desktop services and full-service, expensive vendor solutions from competitors, such as Citrix Systems, Inc. (NASDAQ: CTXS).
In fact, not only does Thinspace Technology, Inc. (OTC Pink: THNS)’s skyDesk 3.1 stand strong along Citrix Systems, Inc. (NASDAQ: CTXS)’s XenApp, but it is also 60% less expensive. Here is a side-by-side comparison of the skyDesk and XenApp platforms:
As you can tell from the table above, Thinspace Technology, Inc. (OTC Pink: THNS)’s skyDesk is not only a viable alternative to Citrix Systems, Inc. (NASDAQ: CTXS)’s XenApp, but it even outperforms in several metrics. Taking into consideration that skyDesk is also 60% cheaper than XenApp, it appears Thinspace Technology, Inc. (OTC Pink: THNS) has a powerful niche that can even take on the large vendors.
THNS: Platform Focused On Simplicity and Scalability
Thinspace Technology, Inc. (OTC Pink: THNS) is able to deliver impressive results at dramatically reduced prices, compared to competitors, because of the company’s focus on simplicity and scalability. The company’s platform only includes features that are needed by businesses today, cutting out all the extra “fluff” features that may be rarely or never used.
The lower prices are able to lower the cost barrier that smaller firms face when considering a cloud-based infrastructure. Now, smaller organizations are able to use cloud-based solutions on a greater scale, which will help improve efficiency and cost management. In addition, the lower price tag contributes to customers seeing faster return on investment (ROI) and reduced IT support costs.
Thinspace Technology, Inc. (OTC Pink: THNS) maintains only a single version of skyDesk that can be customized and scaled based on the business’s size and needs. This helps reduce complexity and potential confusion among customers. In essence, businesses all receive the standard skyDesk platform, but are able to customize their features and include more solutions, if the business requires.
Businesses are able to use skyDesk without complex IT knowledge and coding skills. The company deploys a user-friendly experience among all its applications, which greatly eliminates the need for highly specialized IT professionals to manage the software. Lastly, Thinspace Technology, Inc. (OTC Pink: THNS) maintains a flexible customer support team that is able to assist customers with any needs or concerns they may be experiencing.
THNS: Industry and Financial Analysis
Now, turning to Thinspace Technology, Inc. (OTC Pink: THNS)’s industry and financial analysis. As of August 2016, Thinspace Technology, Inc. (OTC Pink: THNS) has a market cap value of $253,559. Furthermore, the cloud solutions company has a share structure consisting of 3.5 billion authorized shares, 362.23 million shares outstanding, and a float of 26.91 million shares, as of May 2016. Ultimately, Thinspace Technology, Inc. (OTC Pink: THNS) expects to reach full-reporting status within the next 120 days, after the passing of the company’s long-time auditor. Management is forecasting full year 2016 potential revenue of $250,000 and full year 2017 potential revenue of $1 million.
Thinspace Technology, Inc. (OTC Pink: THNS) operates within the high-growth market of global application virtualization or cloud computing solutions. The industry is home to many well-known technology companies, such as Microsoft Corporation (NASDAQ: MSFT), Oracle Corporation (NYSE: ORCL), Salesforce.com, Inc. (NYSE: CRM), SAP SE (ADR) (NYSE: SAP), and many more. While the industry holds some well-known companies, Thinspace Technology, Inc. (OTC Pink: THNS) maintains a competitive advantage by offering clients comprehensive cloud computing solutions at a much lower cost to the client. Comparing Thinspace Technology, Inc. (OTC Pink: THNS) to various other competitors within the global application virtualization industry could help provide a better look at a potential fair valuation for THNS:
hopTo Inc. (OTCQB: HPTO) provides a wide array of mobile-based productivity workspace solutions. As of August 2016, the mobile cloud productivity company had a market cap value of $672,526. Furthermore, hopTo Inc. (OTCQB: HPTO) has a share structure containing 195 million authorized shares, 9.9 million shares outstanding, and a float of 7.78 million shares, as of April 2016. During the second quarter of 2016, hopTo Inc. (OTCQB: HPTO) reported total revenue of $959,000 and a net loss of $438,000.
LogMeIn Inc (NASDAQ: LOGM) offers cloud-based solutions to connect people and businesses effectively to their virtual workplace. The company offers a diverse cloud and mobile-based product line that falls into their core business lines: Collaboration, Service & Support, Identity & Access Management, and Connected Products. As of August 2016, LogMeIn Inc (NASDAQ: LOGM) has a market cap value of $2.08 billion, 25.31 million shares outstanding, and a float of 24.37 million shares. During the second quarter of 2016, LogMeIn Inc (NASDAQ: LOGM) reported total revenue of $83.27 million and net income of $2.51 million.
Citrix Systems, Inc. (NASDAQ: CTXS) is an application virtualization firm that allows users to deliver applications and data across any device, due to use of cloud computing. Citrix Systems, Inc. (NASDAQ: CTXS) operates two main business segments: Enterprise & Service Provider and Mobility Apps. Citrix Systems, Inc. (NASDAQ: CTXS) has a market cap value of $13.66 billion, shares outstanding of 155.1 million, and a float of nearly 154.94 million shares, as of August 2016. The application virtualization company reported second quarter 2016 revenue of $842.98 million and net income of $120.9 million.
CA, Inc. (NASDAQ: CA) is a provider of software solutions that allows users to plan, develop, manage, and secure their application and enterprises. The software allows users to access the software across cloud, mobile, mainframe, and distributed platforms. CA, Inc. (NASDAQ: CA) has a market cap value of $14.24 billion, lists 418.95 million shares outstanding, and a float of 314.4 million shares, as of August 2016. Furthermore, CA, Inc. (NASDAQ: CA) reported total revenue of $999 million and net income of $198 million, during the second quarter of 2016.
VMware, Inc. (NYSE: VMW) is a global application virtualization company that provides digital and cloud-based infrastructure solutions. VMware, Inc. (NYSE: VMW) lists its market cap value at $31.5 billion, 124.41 million shares outstanding, and a float consisting of 75.6 million shares, as of August 2016. The Palo Alto, California-based cloud solutions company reported total revenue of $1.69 billion and net income of $265 million, during the second quarter of 2016.
Overall, Thinspace Technology, Inc. (OTC Pink: THNS) is poised for a strong 2017, as the company gets back to full-reporting status and able to shift focus back to business operations. Cloud-based infrastructure and services industry continues to show impressive growth of nearly 15% CAGR through 2020, when the global application virtualization market is forecast to reach $2.6 billion. This gives Thinspace Technology, Inc. (OTC Pink: THNS) a unique opportunity to capitalize on this industry growth by offering a lower-cost option, but still as efficient as the big companies’ cloud infrastructure options. This significantly lowers the barrier of affordability for smaller firms that are looking to take advantage of a comprehensive cloud infrastructure, without the hefty price tag. Ultimately, Thinspace Technology, Inc. (OTC Pink: THNS) could see its market cap vastly expand over the next year, if forecasts and estimates are achieved.