Sign in

    Barry Sine • Litchfield Research

    Barry Sine serves as a Senior Equity Analyst at Litchfield Hills Research with a specialization in technology and telemedicine, notably covering companies such as Mobile-Health Network Solutions and iQSTEL. His coverage focuses on fast-growing technology firms, and he has achieved a 59% success rate and an average return per rating of +20.5% as tracked by TipRanks in the technology sector. Sine's financial services career spans over 30 years, including key research leadership roles at Kaufman Bros., Drexel Hamilton, and SBC Warburg, as well as analyst positions at Prudential Securities and Oppenheimer & Co., prior to joining Litchfield Hills Research. He holds the Chartered Financial Analyst (CFA) and Chartered Market Technician (CMT) designations, alongside an MBA from NYU Stern School of Business and is frequently recognized in institutional analyst rankings for stock-picking performance.

    Barry Sine's questions to Podcastone Inc (PODC) leadership

    Barry Sine's questions to Podcastone Inc (PODC) leadership • Q1 2026

    Question

    Barry Sine from Litchfield Hills Research asked about how the significant growth in video views translates into revenue, the current M&A environment for both talent and platforms, and the key variables that would determine whether the company hits the low or high end of its annual guidance.

    Answer

    Co-Founder & President Kit Gray explained that video views are combined with audio listens to calculate impression delivery, which helps increase spot rates during negotiations. On M&A, Gray noted that while the platform market is consolidated, there are attractive acquisition opportunities among podcast networks and tech companies, suggesting a deal could be announced within 90 days. He clarified that the annual guidance range depends on the timing of potential acquisitions, with a successful deal pushing results toward the high end.

    Ask Fintool Equity Research AI

    Barry Sine's questions to Podcastone Inc (PODC) leadership • Q3 2025

    Question

    Inquired about popular content and the content pipeline, plans for live events, and the current and future revenue mix from emerging monetization streams versus traditional advertising.

    Answer

    Executives highlighted the success of female-led programming and true crime podcasts, mentioning the new "Ancient Aliens" show as an exciting addition. They confirmed involvement in live events like the LadyGang weekend and plan more. Advertising remains over 90% of revenue, but emerging streams like PodcastOne Pro (for brands) and merchandising are growing and expected to become more significant over the next 1-2 years.

    Ask Fintool Equity Research AI

    Barry Sine's questions to Podcastone Inc (PODC) leadership • Q2 2025

    Question

    Asked for a definition of 'brand partnerships', inquired about the most exciting growth drivers for 2025, and sought details on the M&A strategy, including target types and market opportunities.

    Answer

    The executive defined brand partnerships as deep, 360-degree integrations with brands that go beyond simple ad spots. He identified M&A as the most exciting growth driver, focusing on acquiring other podcast companies, networks, and tech platforms to leverage PodcastOne's existing infrastructure. He noted that many potential targets are for sale because they need the scale and infrastructure that PodcastOne can provide, creating synergistic opportunities.

    Ask Fintool Equity Research AI

    Barry Sine's questions to Podcastone Inc (PODC) leadership • Q2 2025

    Question

    Barry Sine of Litchfield Research asked for a definition of 'brand partnerships,' inquired about the most exciting growth drivers for 2025, and questioned whether M&A targets were individual podcasts or larger podcast companies.

    Answer

    Kit Gray, President, defined brand partnerships as deeper, direct-to-brand deals for 360-degree integrations, contrasting them with standard agency spot buys. He identified M&A as the most exciting growth driver, citing the expertise of new hire Steve Lehman in targeting other podcast networks, tech platforms, and production companies. Gray clarified that the M&A strategy focuses on acquiring these larger entities and clusters of podcasts, not just individual shows, to leverage PodcastOne's existing infrastructure for synergistic growth.

    Ask Fintool Equity Research AI

    Barry Sine's questions to LiveOne Inc (LVO) leadership

    Barry Sine's questions to LiveOne Inc (LVO) leadership • Q1 2026

    Question

    Barry Sine of Litchfield Hills Research inquired about the annualized revenue from LiveOne's current B2B partnerships, the pro forma EBITDA impact of recent staff reductions, and whether key technology teams were affected. He also asked for an update on the Tesla relationship, including subscriber conversion numbers and ARPU, and sought details on the upcoming 'Reality Elliptic Series' live event, covering its format, distribution, and monetization strategy.

    Answer

    CEO Rob Ellin stated that while specific breakdowns couldn't be shared, the company expects $50 million in B2B revenues, including both Slacker and PodcastOne. He explained that staff cuts were enabled by AI efficiencies and were made across the board, but did not provide EBITDA guidance. Regarding Tesla, Ellin clarified that 1.3 million users have converted to the new service (a mix of free and paid), with ARPU for paying subscribers increasing from $3 to over $5. He described the new reality event as being similar in scale to 'Social Gloves' but with lower risk, featuring major reality stars and multiple revenue streams like pay-per-view and NFTs.

    Ask Fintool Equity Research AI

    Barry Sine's questions to LiveOne Inc (LVO) leadership • Q2 2025

    Question

    Barry Sine sought more detail on the Tesla partnership, the B2B pipeline, and cross-selling opportunities. He asked about the extent of marketing access to Tesla's subscriber base, the methodology for forecasting conversions, and the current size of the B2B sales pipeline. Sine also inquired about the potential to cross-sell other LiveOne products, like celebrity brands, to newly acquired subscribers and which B2B verticals show the most promise.

    Answer

    CEO Rob Ellin confirmed that while under NDA, LiveOne is working cooperatively with Tesla on marketing, which has already resulted in new branding in vehicles. He emphasized that the new structure allows for direct upselling and cross-selling of podcasts, pay-per-view, and celebrity brands for the first time. Ellin stated the B2B pipeline is robust, justifying the growth of the B2B team to 11 people, and pointed to the success of an existing $24 million deal. He identified streaming partnerships, automotive, and retail as the most promising verticals.

    Ask Fintool Equity Research AI

    Barry Sine's questions to Usio Inc (USIO) leadership

    Barry Sine's questions to Usio Inc (USIO) leadership • Q2 2025

    Question

    The analyst inquired about the record number of new program implementations, the progress of the UCO-one cross-selling initiative, and the company's plans for its cash balance, particularly regarding M&A versus share buybacks.

    Answer

    The company clarified that the record implementations refer to 20 card issuing programs. The UCO-one initiative is showing early success with cross-selling deals. They plan to continue stock buybacks and are actively looking at M&A opportunities that meet their strict criteria, noting that more suitable deals are becoming available.

    Ask Fintool Equity Research AI

    Barry Sine's questions to Usio Inc (USIO) leadership • Q2 2025

    Question

    Barry Sine of Litchfield Hills Research inquired about the record number of new programs in implementation, the progress of the UCO-one cross-selling initiative, and the company's strategy for using its cash balance for M&A versus share buybacks.

    Answer

    CEO Louis Hoch clarified that the record number of implementations, totaling 20, was specific to the Card Issuing division. He noted early successes for the UCO-one initiative, including securing a large ACH deal from an existing card client. Regarding capital allocation, Hoch confirmed that USIO will continue its share buyback program and is seeing more M&A opportunities that fit its strict criteria: strategic value, favorable valuation, and the ability to be self-sustaining without distracting from organic growth.

    Ask Fintool Equity Research AI

    Barry Sine's questions to WidePoint Corp (WYY) leadership

    Barry Sine's questions to WidePoint Corp (WYY) leadership • Q1 2025

    Question

    Barry Sine of Spartan Capital Securities questioned executives on the Q1 out-of-period accounting adjustment, the timeline and confidence in the upcoming DHS CWMS 3.0 recompete, and the status and total value of task orders under the Spiral 4 contract.

    Answer

    CFO Robert George clarified that the accounting adjustment was a non-material timing correction with a slight impact on 2025's reported growth rate. Executive Jin Kang expressed high confidence in rewinning the CWMS contract, expected to be awarded in 2025, and noted that existing task orders prevent a revenue cliff. Kang also detailed that while the Spiral 4 contract has a $2.7B ceiling for all winners, WidePoint has secured three initial task orders and expects more activity as Spiral 3 orders expire.

    Ask Fintool Equity Research AI

    Barry Sine's questions to WidePoint Corp (WYY) leadership • Q4 2024

    Question

    Barry Sine of Litchfield Hills Research asked about the opportunity presented by the government's cost-saving initiatives (DOGE) and sought clarification on the 2025 financial guidance, particularly the meaning of maintaining its 'growth trajectory.'

    Answer

    Executive Jin Kang explained that WidePoint's cost-saving services are perfectly aligned with DOGE initiatives and that the company is actively trying to engage with officials to highlight potential savings, especially within Customs and Border Protection. Regarding guidance, Jin Kang and Executive Robert George clarified that their goal is positive EPS for 2025 and that 'growth trajectory' implies continued double-digit top-line growth. They confirmed that formal numerical guidance for revenue, EBITDA, and free cash flow will be provided with the Q1 2025 results.

    Ask Fintool Equity Research AI

    Barry Sine's questions to WidePoint Corp (WYY) leadership • Q4 2024

    Question

    Inquired about the business opportunities arising from the Department of Government Efficiency (DOGE) initiative, particularly with DHS and Border Control. Also sought clarification on the 2025 financial guidance, specifically the meaning of "maintain your growth trajectory" and whether numerical guidance would be provided.

    Answer

    The company sees itself as perfectly aligned with DOGE's cost-saving mission and is actively trying to engage with the initiative to offer its services, especially to DHS for managing devices at the border. Regarding guidance, management confirmed their goal for positive EPS in 2025 and stated they will provide more detailed numerical guidance (top line, EBITDA, free cash flow) with the Q1 call, expecting to continue their double-digit revenue growth trajectory, feeling confident due to their strong contract backlog.

    Ask Fintool Equity Research AI

    Barry Sine's questions to WidePoint Corp (WYY) leadership • Q2 2024

    Question

    Barry Sine of Spartan Capital Securities inquired about several key growth drivers and financial metrics. He sought clarification on the Cellular Wireless Managed Services (CWMS) 3.0 contract's potential value and timeline, the expiration and extension process for CWMS 2.0, and the impact of FedRAMP certification on the bid. Sine also asked about the SEWP VI contract vehicle, including award timing and WidePoint's role as a prime bidder. Further questions covered the status of task orders for the Navy Spiral 4 contract, the technical differentiation of the new MobileAnchor solution, the reasons for the recent decline in cash balance, the status of accounts receivable, and the current contract backlog figure.

    Answer

    Executive Jin Kang addressed the contract inquiries, stating the CWMS 3.0 contract could be a 10-year, $1.5 billion opportunity with an award expected by the end of 2025. He explained that the CWMS 2.0 contract ends in November 2025 but has mechanisms for extension, ensuring service continuity. Kang confirmed WidePoint is bidding as a prime on the $60 billion SEWP VI contract and noted that Spiral 4 is in the initial RFQ stages. Executive Jason Holloway detailed that the MobileAnchor technology is a game-changer, creating a secure digital credential directly on a mobile device, eliminating less secure methods. CFO Robert George explained the cash balance decline was due to temporary billing delays with new customer ramp-ups, which has increased DSOs and unbilled receivables but is expected to normalize. George also confirmed the backlog stands at $320 million, expected to be recognized over approximately two years.

    Ask Fintool Equity Research AI

    Barry Sine's questions to Unusual Machines Inc (UMAC) leadership

    Barry Sine's questions to Unusual Machines Inc (UMAC) leadership • Q1 2025

    Question

    Barry Sine asked for insight into the upcoming defense budget's implications for drone orders and the expected timeline from budget approval to revenue recognition for Unusual Machines. He also asked about the market impact of the T-Motor sanction.

    Answer

    CEO Allan Evans explained that the company gauges demand through its prime contractor customers rather than direct budget analysis. He projected a 6-8 week delay from budget passage to procurement, plus an additional quarter before POs translate into recognized revenue. Regarding T-Motor, Evans stated that concurrent government spending delays have created a temporary lull in motor demand, giving Unusual Machines a strategic window to prepare its factory to meet the large, anticipated demand once government contracts resume.

    Ask Fintool Equity Research AI