Lifelogger Technologies Corp (OTCMKTS:LOGG) has remained one of the top traded OTC stocks in recent months. Its stock price first surged in last October to more than $0.70 a share and then declined below $0.4 in January. In last trading session, LOGG stock prices declined more than 11%to close at $0.520.
The operations
Lifelogger Technologies states itself as a growing wearable video and software firm. It is working on an innovative product which the company says captures access and stores life’s memories via its true POV ‘wearable’ video camera. As of now, the company is believed to be in the process of completing the hardware design.
The company claims that they are working with a leader in the industry of consumer electronics cameras to start serial production of Lifelogger in 1Q2015. It is also their conventional cloud based platform for managing, storing and displaying videos. The new platform will have several innovative features like 3D video timeline, video Stabilization, OCR, voice detection, Geo Tagging, Custom in video tags, live streaming, Face detection and social sharing.
The financial performance
As per the 10Q Lifelogger submitted on November 10, 2014 they have under $250,000 in the treasury. The market of wearable camera has expanded in recent years with VUZI M100 Smart Glasses, GoPro Inc (NASDAQ:GPRO) products and Google Inc (NASDAQ:GOOGL) Glass Initiative. GoPro is one the leading companies in the wearable cameras market. It made a successful IPO from $28.65 to almost $100 a share.
The new product of Lifelogger Technologies Corp (OTCMKTS:LOGG) will have several features. It will be able to connect with the cloud-based software solution. It can be accessed at any compatible Android and IOS devices available in the market. There are many experts who believe that the company is moving forward on the right path. The future belongs to technology and wearable camera market will be a part of it.
