SPBU Spare Backup, Inc. featured news, full reports, and detailed charts
Spare Backup, Inc. (SPBU/SPBU.OB) Wrap Up:
Spare Backup, Inc., through its subsidiaries, engages in the development and marketing of online backup solutions software and services to individuals, business professionals, small office and home office companies, and small to medium sized businesses in the United States and internationally. Its products include Spare Backup, an automated remote-backup solution and online backup service, which is designed and developed for the small office or home environment to back up data on laptop or desktop computers; and Spare Switch, a personal computer data migration software that enables users to complete the transfer of personal files from an old PC to a new PC via a high speed Internet. The comp...Spare Backup, Inc. (SPBU:OTC Bulletin Board Market)
Snapshot of Spare Backup, Inc. (SPBU)
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OPEN
$0.13
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PREVIOUS CLOSE
$0.14
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DAY HIGH
$0.14
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DAY LOW
$0.12
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52 WEEK HIGH
07/21/09 - $0.26
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52 WEEK LOW
12/9/08 - $0.08
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MARKET CAP
15.7M
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AVERAGE VOLUME 3 mo
184.8K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
116.1M
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SPBU Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
SPBU Top Compensated Officers
Executives, Board Directors
Key developments for Spare Backup, Inc. (SPBU)
On 11/16/2009, Spare Backup, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
Spare Backup announced that has entered into an agreement with iYogi, the world's fastest-growing provider of comprehensive direct-to-consumers and small-business remote tech support, to launch a data backup platform to iYogi's business and retail tech support customers. iYogi has more has more than 90,000 consumer and small business customers across four continents for its annual subscription alone. iYogi also provides thousands of single incident sessions every day on a 24/7 basis. iYogi's 1000 Global Tech Experts power their Global Delivery Platform along with their proprietary technology. The initial launch is anticipated to reach approximately 100,000 customers before the end of 2009 and expand into 2010. Under the terms of the agreement, Spare will provide iYogi customers with a platform that will serve as a central web-based interface where a user can backup, store, sync, retrieve and coordinate all their PC data. Both companies plan to eventually roll out a full cloud platform designed to be a personal hub that will provide a robust feature set for the user, while offering an array of complementary services tailored to each individual's patterns, uses and needs with a variety of strategic partners. iYogi will market the services to its customer base and incident call sessions through its Global Tech Experts.
Spare Backup Inc. announced that has reached a definitive agreement to its memorandum of understanding to launch a co-branded cloud computing platform with Comet Group, plc ('Comet'), throughout their 250 store locations in the U.K. The customer platform will serve as a central web based interface where a user can backup, store, sync, share retrieve and coordinate all their data across all their devices including PC's, cell phones and PDA's. The platform will be designed to be a personalized experience in the cloud. It will provide a robust feature set for the user offering an array of complimentary services tailored to each individual's patterns, uses and needs. Under the terms of the agreement Spare Backup will provide the co-branded platform to Comet customers in a progressive rollout throughout Comet's 250 store locations. The platform will be sold as part of Comet's service plan program for all computers and start within the next 30 days. Spare Backup will be responsible for maintaining the integrity of the data and for the administration and operation of the platform, website and service delivery.
SPBU Competitors
| Company | Last | Change |
| CommVault Systems Inc | $21.32 USD | -0.40 |
| EMC Corp | $17.04 USD | -0.13 |
| Symantec Corp | $17.72 USD | -0.15 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | SPBU | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 7.5x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 5.9x |
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SPBU |
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SPBU transactions
| Type Date |
Target |
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Private Placement
September 21, 2009 |
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