Mobileiron Inc (NASDAQ:MOBL) has announced a new solution, designed to unite mobile and desktop operations, MobileIron Bridge. The new solution is compatible with Windows 10 and uses a single console communication channel. The company noted that the new solution would allow companies to make use of enterprise mobility management, without the need to sacrifice security or traditional client management tools. The announcement was also accompanied by the launch of a Resource Center, aimed at helping CIOs save the total cost of their desktop ownership.
Barry Mainz, the CEO of MobileIron, claimed that even though EMM was a significant shift in windows security and management, but it is still unable to deliver up to its full potential. He pointed out that MobileIron Bridge has been designed to address this gap and allow users to track their Windows 10 migration. The company would be holding a live presentation at the Gartner Symposium, due to be held in Orlando, on October 19, 2016, to discuss the shift to EMM in more detail.
Prior to this, MOBL issued a press release updating its guidance for the 3Q2016 financial results. It should be noted here that the quarter ended on September 30, 2016 and the company has released its preliminary results. As such, Mobileiron believes that its gross billings for the quarter would be approximately $47 million, up from the previous guidance of $44 million. However, the guidance for operating expenses remains unchanged.
Mobileiron noted that it had used $6 million of its cash, during the quarter and had residual cash and cash equivalents of $80 million. Mr. Mainz took the opportunity to point out that the last year had been spent in building up a new executive team, which could differentiate their platform. He claimed that the market ahead was huge and the current results are an indication of the potential growth that is to follow. The CEO also expressed confidence in the company’s ability to become cash flow positive, by the next quarter.
Mobileiron Inc (NASDAQ:MOBL) closed at a share price of $3.57 per share, at the end of the October 10 trading session, 32.71% higher than the day before.