Alpha Modus Holdings, Inc. (NASDAQ:AMOD), a company specializing in patent ownership and leasing, has been granted a new patent by the United States Patent and Trademark Office (USPTO). The patent, issued on Monday, December 24, 2024, is titled "Methods for Personalized Marketing and Advertising." According to InvestingPro data, the company's stock has experienced significant volatility, with shares currently trading at $3.19, down over 70% in the past six months.
The patent outlines innovative techniques for customizing marketing and advertising efforts, which could potentially enhance the effectiveness of targeted campaigns. This development could signal a strategic enhancement of Alpha Modus's intellectual property portfolio, reflecting its focus on technological advancements in marketing.
InvestingPro analysis reveals the company faces financial challenges, with a weak financial health score and current ratio of 0.15, indicating potential liquidity concerns.
Alpha Modus, through its wholly-owned subsidiary Alpha Modus, Corp., has been actively expanding its patent holdings, and this latest addition emphasizes the company's commitment to innovation within the marketing and advertising space.
The new patent, United States Patent Number 12,175,484, represents a key achievement for the company and may offer competitive advantages in the market. Alpha Modus has not disclosed specific plans on how it intends to utilize the patent or any potential partnerships or licensing agreements related to the technology.
Investors and market watchers may view this patent issuance as an indicator of Alpha Modus's dedication to growing its patent portfolio and leveraging intellectual property for business growth.
The details of this patent issuance are based on a press release statement and the company's filing with the Securities and Exchange Commission. Alpha Modus's stock is listed on The Nasdaq Stock Market under the ticker symbol AMOD, with its redeemable warrants trading under AMODW.
As an emerging growth company, Alpha Modus has the option to adhere to reduced public company reporting requirements. The company has not indicated whether it will use the extended transition period for complying with new or revised financial accounting standards.
This announcement comes as part of a current report filed with the SEC on December 30, 2024, under Form 8-K, which includes other events and financial statements and exhibits.
In other recent news, Alpha Modus Holdings, a firm specializing in artificial intelligence for retail, has initiated a patent infringement lawsuit against Wakefern Food Corporation and Shelf Nine LLC.
The legal action alleges that the defendants have infringed on multiple Alpha Modus patents related to retail marketing and advertising technologies. These patents cover technologies designed to enhance the in-store experience for consumers by analyzing behavior and product interaction in real time.
Alpha Modus has previously engaged in similar patent infringement actions against other retailers, continuing its partnership with Christopher E. Hanba of Dickinson Wright PLLC for this lawsuit. The suit targets Wakefern Food Corporation, operating multiple supermarket brands, and Shelf Nine LLC, a subsidiary of VSBLTY Groupe Technologies Corp.
Despite facing challenges with weak gross profit margins and lack of profitability over the last twelve months, Alpha Modus's management has been actively buying back shares.
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