News Details – Smallcapnetwork
SPYR, Inc. (SPYR) Goes Where No Man Has Gone Before
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February 2, 2024

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PDT

We got more great news from one of our featured stocks today in SPYR, Inc. (OTCQB: SPYR), and based on what we're seeing with the stock's behavior so far on the day, it seems investors are really loving it. In a move that is sure to please Trekkies around the universe, SPYR, INC. (OTCQB: SPYR) today announced that it has signed a licensing agreement with CBS Consumer Products that will allow the incorporation of intellectual property (IP) from various Star Trek television series in future updates to and expansions of Pocket Starships. SPYR, Inc. has been making news lately for its release of a female centric mobile game to expand its gamer audience, as well as its commitment to the eSports industry. The stock has reflected these pieces of news favorably, showing a 16% jump this week alone, and news of this agreement to incorporate Star Trek into Pocket Starships expansions is surely more good news for SPYR investors. A cursory search of the internet yielded some interesting numbers relative to the Star Trek franchise. As of November 11, 2015, the entire Star Trek film franchise has grossed $1.24 billion at the box office domestically, $2.2 billion adjusted for inflation. The Star Trek Beyond edition, released in 2016 has grossed a worldwide box office of $336 million, and domestic video sales of $35 million. The appropriate question isn't, "How much has it grossed?" It's "How much is it worth?" According to CNBC in 2006 - the most current numbers I could find - Star Trek was worth, at that time, approximately $4 billion dollars. Clearly these numbers indicate a vast audience of Star Trek fans, and combined with the growing market of mobile gaming, which is expected to cross the $130 billion threshold in the next three years, SPYR, Inc. has likely created a winning combination in their partnership with CBS Consumer Products for licensing of the Star Trek intellectual property. The Pocket Starships development team is already working on expansions of Pocket Starships to include the Star Trek IP, which SPYR expects will be released by the end of October of 2017. This means that in November, Pocket Starships players will be able to explore new sectors and engage in exciting battles with a certain assimilating Collective and will be able to staff their ships with their favorite Star Trek characters from the Star Trek TV series franchise (Star Trek: The Next Generation, Star Trek: Deep Space Nine and Star Trek: Voyager) through a trading card system expansion. James R. Thompson, SPYR's CEO and President states, "We are very excited to announce that we have obtained a license to use Star Trek IP in Pocket Starships. Pocket Starships and Star Trek are a perfect fit, with both Pocket Starships and Star Trek celebrating a spirit of exploration and cooperation. We think that, Star Trek fans will enthusiastically embrace the new Star Trek-based content we will be adding to Pocket Starships. We are confident that with Pocket Starship's real-time, cross-platform MMO gameplay, together, CBS Consumer Products and SPYR can take Pocket Starships and Star Trek mobile games where no one has gone before." Having recently restructured the company to focus exclusively on the mobile game development and production division, SPYR is clearly making solid business moves to increase the value of the Company. Management seems focused on their players and what is trending in the mobile gaming world, and is constantly striving to meet and exceed customer expectations. SPYR is being well rewarded, and continues to trade well since we called a speculative bottom recently. However, it's not going to get real interesting until the stock can break above its 50 and 200 day moving averages in the chart here. That would put the stock right around $.60 cents. Not only would that be technically bullish, based on today's news, it really looks like SPYR is making a nice run for some of that eSports growth.