The Signal messaging app, backed by the Signal Technology Foundation, "runs entirely on donations," according to a New Yorker article published in October.
Prior to Thursday, the stock had traded under $1 since 2015. As of March 2019, it had no full-time employees other than CEO Chris Hymel, who did not immediately respond to a request for comment.īecause of the swarm of unintended investor interest, the company now has a market cap of $660 million, up from $55 million two days ago. Signal Advance is so small that it doesn't report financials with the SEC. The thinly traded stock hit the market in 2014.
The company shifted its focus to using technology in health care and changed its name to Signal Advance. Signal Advance was founded in Texas under the name Biodyne in 1992 and provided services to medical and legal workers.
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