Penny Stocks To Watch: Thwapr Inc. (THWI) Triple Zero Hero?

With two days now of increased volume and trading activity, Thwapr Inc. (OTC: THWI) is beginning to look more and more like a bull run is coming. THWI stock closed under a penny at $0.0084, up 37.70%, on volume of 690,437 shares in the last trading session. A big catalyst for the coming bull run will be the Q1 earnings Thwapr reported at around lunch time today which clearly states that THWI should be on the list of penny stocks to watch immediately.

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THWI Stock Chart

a/o March 31, 2012
Shares Outstanding: 59.05M

Thwapr announced this morning an agreement with Dalrus Pte Ltd. out of Singapore, to work together on enhancing and supporting the Company’s aggressive plan to become a major presence in the Asian mobile community.

Asia is undoubtedly the market to be in for companies into mobile applications. The mobile market in Asia is expanding rapidly and, unlike PC and tablet users in the western world, it is the device that the Asian users are most connected to today. Mobile applications are quickly becoming the first point of contact for many brands reaching out to consumers and Thwapr is looking to capitalize on that to further expand its revenue base. Research indicates that Asia will continue to dominate the global mobile advertising space with an expected 33.6% share of the $20.6 billion in mobile ad revenue forecast for 2015.

Mid-day Monday, Thwapr reported there Q1 earning for the three months ended March 31, 2012. Highlights of the report were an increase in quarterly revenues to $16,975 compared to $508 for the same period in 2011. Costs of those sales also decreased to $40,048 for the quarter compared to $47,977 for the same period in 2011. While the Company has a long way to go before reaching break-even, it is encouraging to see sales are at least occurring and that the cost of those sales is decreasing.

About THWI Stock

Thwapr, Inc. is a Nevada corp. which developed a mobile video sharing platform that solves the problem of sending quality video content to and from mobile devices and from Websites to mobile devices. The company’s systems, applications and software allow users and brands to share pictures and video to mobile phone users regardless of device, platform or carrier.

Additionally, the Company expects to enable users to easily capture and share pictures and videos on their phones with other mobile and desktop users and into social networks. The Company plans to derive revenues from banner and video advertising on its mobile and desktop websites and from mobile media messaging fees from brand sponsors and also from selling premium services to users and brands via subscriptions and other fees.

To view the SEC filings for THWI, click here.

Bottom Line: We do not cover many penny stocks like THWI that trade under a penny. However, Thwapr caught our attention based on the fact they know how to properly coordinate themselves by increasing their trading activity yesterday, issuing a working agreement with a top-notch Asian firm, and filing their SEC quarterlies on the same day with less than negative numbers on them. Keep a close eye on THWI, this is one triple zero penny stock that should be on the buy list for Wednesday.

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