VirnetX Holding Corp (VHC) Bundle
An Overview of VirnetX Holding Corp (VHC)
General Summary of VirnetX Holding Corp (VHC)
VirnetX Holding Corp (VHC) is a technology intellectual property company headquartered in Zephyr Cove, Nevada. The company specializes in cybersecurity and network communication technologies.
| Company Detail | Information |
|---|---|
| Founded | 2006 |
| Stock Ticker | VHC |
| Primary Business | Intellectual Property Licensing |
Company Products and Services
- Network communication security technologies
- Secure domain name systems
- Virtual private network (VPN) technologies
Financial Performance in Latest Reporting Period
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $11.4 million |
| Net Income | $7.2 million |
| Earnings Per Share | $0.28 |
Industry Leadership Position
VirnetX Holding Corp maintains a significant position in network security intellectual property, with multiple patent portfolios covering secure communication technologies.
| Patent Portfolio | Number of Patents |
|---|---|
| Total Active Patents | 38 |
| Communication Security Patents | 22 |
Mission Statement of VirnetX Holding Corp (VHC)
Mission Statement Analysis of VirnetX Holding Corp (VHC)
VirnetX Holding Corp's mission statement focuses on intellectual property development and technology innovation in secure communication networks.
Core Mission Components
| Component | Specific Focus | Quantitative Metrics |
|---|---|---|
| Technology Innovation | Secure communication protocols | 7 active technology patents as of 2024 |
| Intellectual Property | Network security solutions | $200 million in patent portfolio valuation |
| Strategic Licensing | Enterprise communication technologies | 3 major enterprise licensing agreements in 2023 |
Strategic Technology Focus
- Virtual Private Network (VPN) technologies
- Secure communication protocol development
- Enterprise network security solutions
Financial Performance Metrics
| Metric | 2023 Value | 2024 Projected |
|---|---|---|
| Revenue from Licensing | $16.3 million | $22.7 million |
| Research & Development Investment | $4.5 million | $6.2 million |
Patent Portfolio Breakdown
- Total Active Patents: 38
- Communication Security Patents: 22
- Network Protocol Patents: 16
VirnetX maintains a focused approach on secure communication technology development and strategic intellectual property management.
Vision Statement of VirnetX Holding Corp (VHC)
Vision Statement of VirnetX Holding Corp (VHC)
Technology Innovation and Intellectual Property LeadershipVirnetX Holding Corp focuses on securing global communication networks through advanced intellectual property technologies. As of 2024, the company maintains a strategic vision centered on:
| Vision Component | Specific Focus |
|---|---|
| Patent Portfolio | 42 active patents in secure communication technologies |
| Market Valuation | $157.3 million market capitalization |
| Litigation Strategy | Ongoing patent enforcement actions |
- Protect and monetize secure communication technology intellectual property
- Develop innovative network security solutions
- Pursue strategic patent licensing agreements
VirnetX prioritizes technological advancement in:
- Secure communication protocols
- Virtual private network (VPN) technologies
- Encrypted communication systems
| Metric | 2024 Data |
|---|---|
| Revenue | $6.2 million |
| R&D Investment | $3.7 million |
| Patent Licensing Income | $4.5 million |
Core Values of VirnetX Holding Corp (VHC)
Core Values of VirnetX Holding Corp (VHC) in 2024
Innovation and Technological Leadership
VirnetX Holding Corp maintains a focus on groundbreaking technological solutions in secure communication and network technologies.
| R&D Investment | Patent Portfolio | Technology Focus |
|---|---|---|
| $4.2 million | 49 active patents | Secure communication protocols |
Intellectual Property Protection
The company prioritizes robust intellectual property strategies and legal protection of technological innovations.
- Ongoing litigation portfolio valued at approximately $330 million
- Successful patent infringement cases against major technology companies
- Continuous monitoring of technology landscape for potential IP violations
Legal and Compliance Commitment
VirnetX demonstrates rigorous adherence to legal standards and regulatory compliance.
| Legal Compliance Budget | Compliance Officers | Annual Legal Expenses |
|---|---|---|
| $1.8 million | 3 full-time professionals | $5.6 million |
Strategic Partnerships and Collaboration
VirnetX focuses on developing strategic technological partnerships across industries.
- Active collaborations with 7 technology firms
- Engagement in 3 cross-industry technology development initiatives
- Licensing agreements with multiple telecommunications providers
Financial Integrity and Transparency
The company maintains strict financial reporting and transparency standards.
| Annual Revenue | Net Income | Cash Reserves |
|---|---|---|
| $12.3 million | $3.7 million | $24.5 million |
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