Rightscorp Inc. (OTC:RIHT) Announces Expansion and Launch of New AI Product

On Tuesday there were a number of companies that hit the news cycle owing to key announcements, and one of those was Rightscorp Inc. (OTC:RIHT). The company came into focus after it made an announcement about its strategic expansion, legal boost, and the introduction of its AI-powered copyright aggregation offering, Rightscan.

Key Announcements

The company started off by thanking its shareholders, who participated in the shareholder meeting recently and exercised their rights. All resolutions tabled at the meeting had been approved. Rightscorp announced that it had managed to score a decisive legal victory in the American Films LLC v. Rightscorp Inc. case. The company went on to note that the claims against Rightscorp had been meritless and were eventually dismissed.

Further Information

In addition to its continued efforts to expand its market, Rightscorp also announced that its product Rightscan had also been finally introduced. Unlike the other traditional tools, which depend on self-reporting, Rightscan aggregates and then analyzes huge datasets automatically and then comes up with its findings in terms of copyright infringement, if any. It remains to be seen if the series of positive developments leads to any attention for the stock.

Fundamentals

P/E Ratio	-17.0000
PEG Ratio	0.13
Price to Book	-1.30
Price to Cash Flow	–
Price to Free Cash Flow	–
Total Sales (TTM)	0.42 M
Revenue per Share (TTM)	0.00
Shares Outstanding	234.741 M
Share Float (%)	217.42 M (92.62%)
% Held by Institutions	0.09