STOCKS TELEGRAPH

Author: Asim Kamal

  • Why did Wilhelmina International Inc. (WHLM) stock surge in the after-hours on Monday?

    Wilhelmina International Inc. (WHLM) shares were rising 38.44% in after-hours on Monday, August 2, 2021, and closed the daily trading at $6.05. WHLM shares have risen 10.63% over the last 12 months, and they have moved down 4.79% in the past week. Over the past three months, the stock has lost 19.67%, while over the past six months, it has declined 19.82%. The company has a current market of $22.99 million and its outstanding shares stood at 5.16 million.

    Let’s see what are the latest news about WHLM?

    WHLM Q1 2021 financial results announcement

    On May 12, 2021, Wilhelmina International, Inc. (WHLM) reported its financial results for the first quarter of 2021 which ended on March 31, 2021.

    WHLM Q1 2021 financial highlights

    Wilhelmina International, Inc.  revenue was $12.0 million in Q1 2021 compared to $14.6 million inQ1 2020

    Net income was $2.2 million or $0.43 per fully diluted share for the three months ended March 31, 2021, compared to a net loss of $2.7 million or $0.52 per fully diluted share, for the three months ended March 31, 2020.

    WHLM Adjusted EBITDA was $0.369 million in Q1 2021 compared to $0.6 million in Q1 2020.

    WHLM Q4 and FY 2020 financial results announcement

    On March 16, 2021, Wilhelmina International, Inc. (WHLM) reported its financial results for the fourth quarter and year ended on December 31, 2020.

    WHLM Q4 financial highlights

    • WHLM reported revenue of $12.0 million for Q4 2020 compared to 18.3 million in Q4 2019.
    • Total operating expenses were $3.0 million in Q4 2020 compared to $9.85 million in Q4 2019.
    • Net income was $0.4 million or $0.08 per fully diluted share in Q4 2020 compared to a net loss of $5.0 million or $0.96 per fully diluted share in Q4 2019.
    • Pre-Corporate EBITDA was $1.3 million in Q4 2020 compared to $0.7 million in Q4 2019.

    FY 2020 financial highlights

    • For FY 2020, revenue was $41.6 million compared to $75.5 million in FY 2019.
    • Total operating expenses were $15.7 million in FY 2020 compared to $25.5 million in FY 2019.
    • It suffered a net loss of $4.9 million or $0.96 per fully diluted share in FY 2020 compared to a net loss of $4.8 million or $0.92 per fully diluted share for the fiscal year ended December 31, 2019.
    • Pre-Corporate EBITDA was $1.0 million for the fiscal year ended December 31, 2020, compared to $ $3.1 million for the fiscal year ended December 31, 2019.

    Conclusion

    As of this writing, we have no recent news that could justify the WHLM surge on Monday. We are unable to predict how WHLM stock will perform in the coming days.

  • Here is why ZoomInfo Technologies Inc. (ZI) stock surged on Monday?

    Here is why ZoomInfo Technologies Inc. (ZI) stock surged on Monday?

    ZoomInfo Technologies Inc. (ZI) shares gained 9.89% in after-hours on Monday, August 2, 2021, and closed the daily trading at $60.20 per share. in the regular trading session on Monday, ZI’s stock gained 1.92%. The stock volume remained 3.63 million shares, which was higher than the average daily volume of 1.58 million shares within the past 50 days. ZI shares have risen 34.03% over the last 12 months, and they have moved up 0.74% in the past week. Over the past three months, the stock has gained 9.76%, while over the past six months, it has lost 9.08%.

    Let’s have a look at its recent news and developments.

    ZI recent financial results announcement

    On August 02, 2021, ZoomInfo, (ZI) reported its financial results for the second quarter ended June 30, 2021.

    Q2 2021 financial highlights

    • ZI reported revenue of $174.0 million in Q2 2021 compared to $110.9 million in Q2 2020.
    • The company generated an operating income of $40.9 million in Q2 2021 compared to $31.2 million in Q2 2020.
    • Total operating expenses were $102.8 million in Q2 2021 compared to $108.3 million in Q2 2020.
    • Net income(loss) was $9.3 million in Q2 2021 compared to $34.3 million of loss in Q2 2020.
    • Net income (loss) per basic & diluted share was $0.05 in Q2 2021 compared to $0.30 in Q2 2020.

    ZI Q3 2021 financial guidance

    For the next quarter, ZI is expecting

    • GAAP revenue to be in the range of $182-184 million.
    • Non-GAAP adjusted operating income in the range of $72-$74 million
    • Non-GAAP adjusted net income per share in the range of $0.11 to $0.12.

    Best Workplaces & three Comparably Awards

    On July 27, 2021, ZoomInfo (ZI), was named to the 2021 Fortune Best Workplaces for Millennials list.

    Earlier on July 21, 2021, ZoomInfo received three more Comparably Awards, including recognition for Best Career Growth and Best Leadership Teams. ZoomInfo Founder and CEO Henry Schuck also appeared on the list of Best CEOs for Diversity.

    Pricing of Additional ZI Senior Notes

    On July 14, 2021, ZoomInfo Technologies LLC and ZoomInfo Finance Corp which are the indirect subsidiaries of ZoomInfo Technologies, priced their previously announced offering of an additional $300.0 million aggregate principal amount of their existing 3.875% Senior Notes which will be due in 2029.

    The Company intends to use the proceeds from the offering, together to repay outstanding revolving credit borrowings under the first lien credit agreement, pay fees and expenses incurred in connection with the transaction, and the remainder for general corporate purposes.

    Conclusion

    ZI stock performed well after the company announced its Q2 2021 financial results which improved significantly. It can continue its positive momentum in the coming days as well.

  • Why Troika Media Group Inc. (TRKA) stock faced negativity in the after-hours on Monday?

    Why Troika Media Group Inc. (TRKA) stock faced negativity in the after-hours on Monday?

    Troika Media Group Inc. (TRKA) shares fell 6.48% in after-hours on Monday, August 02, 2021, and closed the daily trading at $2.31. in the regular trading session on Monday, TRKA’s stock gained 18.75%. TRKA shares have moved up by 24.12% in the past week. Over the past three months, the stock has lost 1.00%. TRKA has a current market of $99.39 million and its outstanding shares stood at 40.24 million.

    Let’s see is there any recent news or development?

    TRKA celebration of IPO

    On August 2, 2021, Troika Media Group, Inc (TRKA) announced that the Company’s New York-based Mission group was engaged by F45 to celebrate the global fitness brand’s initial public offering.

    Troika’s New York-based Mission group specializes in placing brands in culture via live experiences, brand partnerships, public relations, social and influencer engagement and amplification. Mission worked collaboratively with F45 to create a successful celebration of F45’s IPO and listing on the NYSE, beginning with an early morning Wall Street workout led by F45 master trainers and music provided by world-recognized DJ, Steve Aoki.

    F45’s key investor and fitness fanatic Mark Wahlberg rang the bell with CEO Adam Gilchrist as teams of F45 ambassadors demonstrated the globally beloved workout for passersby.

    TRKA Launched NFT 360 Mobile App

    On July 30, 2021, Troika Media Group, Inc. (TRKA) announced that its digital assets subsidiary, Troika IO, has launched its first native mobile app on iOS this week called NFT 360TM.

    The app will serve as a resource to inform users about cryptocurrency, non-fungible tokens (NFTs) and other emerging digital assets in the crypto-verse, as well as how Troika IO can help position brands and create new revenue streams

    TRKA Partnership with CAA Brand

    On July 01, 2021, Troika Media Group, Inc. (TRKA) launched a new advertising campaign, in partnership with CAA Brand Consulting, on behalf of Wilson Sporting Goods Co, as the new National Basketball Association (NBA) official game ball for the 2021-22 season.

    Participation in the recent investor conference

    Troika Media Group, Inc recently participated in the 2021 LD Micro Invitational XI investor conference on Wednesday, June 9, 2021. The company was presented by TRKA CEO, Robert Machinist, and Kyle Hill, President of Redeeem and Head of Digital Assets.

    Acquisition of Redeeem

    On May 24, 2021, Troika Media Group, Inc. (TRKA) closed on the acquisition of Redeeem, LLC by its wholly-owned subsidiary, Redeeem Acquisition Corp. RAC has acquired substantially all of the assets and approximately $165,000 of specified liabilities of Redeeem for $1.21 million in cash and $10.89 million in the common stock of TMG that vest over three years.

    Conclusion

    Well, as of this writing there is no such negative news or development which could be linked with its after-hours loss on Monday. We are pretty confident that it will commence the Tuesday trading with positive energy.

  • Why Riot Blockchain Inc. (RIOT) had a good Friday?

    Why Riot Blockchain Inc. (RIOT) had a good Friday?

    Riot Blockchain Inc. (RIOT) shares surged 6.22% in after-hours on Friday, July 30, 2021, and closed the July trading at $35.00 per share. in the regular trading on Friday, RIOT’s stock gained 3.29%. RIOT shares have risen 1192.16% over the last 12 months, and they have moved up 17.26% in the past week. Over the past three months, the stock has lost 21.23%, while over the past six months, it has declined 60.58%. RIOT has a current market of $2.68 billion and its outstanding shares stood at 83.16 million.

    Let’s have a brief discussion about its recent developments.

    RIOT June Production and Operations Updates

    On July 08, 2021, Riot Blockchain, Inc. announced its June production and operations updates, including its unaudited Bitcoin (BTC) production for June 2021 and its miner deployment status.

    • Riot produced 243 BTC in June 2021 which is an increase of approximately 406% over its June 2020 production of 48 BTC.
    • The Company produced a total of 1,167 BTC Year to date through June 2021, an increase of approximately 130% over its pre-halving BTC production during the same 2020 period of 508 BTC.
    • Riot held approximately 2,243 BTC, as of June 30, 2021, all of which were produced by its mining operations.

    RIOT exceptional gains in June 2021

    Riot Blockchain surged 38.8% in June despite the Bitcoin price was down 7% in June. However, the company overcame headwinds due to its deal with Mogo, a fintech company based in Canada. In short, Riot gave its stake in cryptocurrency exchange Coin square to Mogo in exchange for a stake of Mogo. According to the terms of the deal, it now has almost 3.2 million shares of Mogo, valued at around $23 million. This stake is less than 5% of its total outstanding shares.

    Riot Acquisition of Whinstone US

    On May 26, 2021, Riot Blockchain, Inc completed its previously announced acquisition of Whinstone US (Whinstone) from Northern Data. The total consideration paid in the transaction was 11.8 million shares of Riot common stock and $80 million in cash, funded with cash on the balance sheet.

    The company plans to immediately commence further development of additional facilities at Whinstone to rapidly bring the property to its current capacity of 750 MW.

    Major appointments

    On May 24, 2021, Riot Blockchain Inc appointed Benjamin Yi as Executive Chairman, and Lance D’Ambrosio has been appointed to the Company’s Board of Directors, as an independent director.

    Additionally, the company appointed two new members to its board of directors, Lance D’Ambrosio as an independent director and Hubert Marleau as a lead independent director.

    Conclusion

    As of this writing, we have no recent news that could be linked with its gains on Friday. The companies related to Cryptocurrencies performed well recently so it may be the reason behind its surge on Friday. we can expect it to commence the new week by continuing its momentum on Monday.

  • Why did Canaan Inc. (CAN) stock surge on Friday?

    Canaan Inc. (CAN) shares rose 5.52% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $7.26 per share. In the regular trading session on Friday, CAN’s stock gained 0.73%. The stock volume remained 5.84 million shares, which was lower than the average daily volume of 7.77 million shares within the past 50 days. CAN shares have risen154.81% over the last 12 months, and they have moved up 19.44% in the past week. Over the past three months, the stock has lost 45.00%, while over the past six months, it has declined 50.88%.

    Let’s see what are the latest news about CAN?

    CAN released Kendryte K510 AI Chip

    On July 8 2021, Canaan Inc (CAN) released the Kendryte K510 (the K510), an independently designed and developed RISC-V based edge AI chip, at the 2021 World Artificial Intelligence Conference.

    The K510 has several key technical advantages. K510 improves the chip’s computing power by approximately three times. In addition, by adopting a RISC-V open-source architecture, the K510 is highly customizable and capable of empowering developers in their execution of scenario-based development. The K510 can currently be used for UAV high-definition aerial photography, high-definition panoramic video conferences, robotics, STEAM education, driver assistance scenarios, and industrial and professional cameras.

    CAN Strategic Partnership with Genesis Digital Assets

    On June 16, 2021, Canaan Inc (CAN) secured a purchase order from Genesis Digital Assets Limited for 10,000 of its A1246 and A1166Pro Bitcoin mining machines. According to the terms of the Order, the Company will deliver the Bitcoin mining machines to Genesis Digital Assets in full by June 30, 2021.

    CAN recent financial results announcement

    On June 1, 2021, Canaan Inc. (CAN) announced its unaudited financial results for the first quarter ended March 31, 2021.

    Q1 2021 financial highlights

    • CAN reported net revenue of RMB402.8 million (US$61.5 million) for Q1 2021, compared to RMB68.3 million in the same period of 2020.
    • It earned a gross profit of RMB194.2 million (US$29.6 million) in Q1 2021 compared to RMB2.4 million in Q1 2020.
    • Total operating expenses were9 million(US$31.7 million) for Q1 2021 compared to RMB73.5 million in Q1 2020.
    • In Q1 2021 net income was RMB1.2 million (US$0.2 million), compared to a loss of RMB39.9 million in Q1 2020.
    • Basic and diluted net earnings per American depositary share were both 01(US$0.00) in the first quarter of 2021 compared to a basic and diluted net loss of RMB0.25 for both in the same period of 2020.
    • The Company had cash and cash equivalents of RMB1,337.8 million(US$204.2 million) on March 31, 2021, compared to 3 million as of December 31, 2020.

    Conclusion

    As of this writing, there is no recent news to justify CAN good performance on Friday. it can commence the new week by continuing its positive momentum.

  • Why Nxt-ID Inc. (NXTD) stock performed well in the after-hours on Friday?

    Nxt-ID Inc. (NXTD) shares jumped 6.35% in after-hours on Friday, July 30, 2021, and closed the weekly session at $0.048 per share. in the regular trading session on Friday, NXTD’s stock lost 0.16%. NXTD shares have risen 65.97% over the last 12 months, and they have moved down 2.99% in the past week. Over the past three months, the stock has lost 13.77%, while over the past six months, it has declined 39.30%.

    Let’s have a look at NXTD recent news and developments.

    New NXTD CEO appointment

    On June 17, 2021, NXT-ID, Inc. (NXTD) announced that Chia-Lin Simmons joined the company as Chief Executive Officer and a member of the Board of Directors, effective June 14, 2021. Ms. Simmons will be responsible for performing the services and duties customarily associated with a Chief Executive Officer position.

    NXTD financial results announcement

    On May 19, 2021, Nxt-ID, Inc (NXTD) reported its financial results for the three months ended March 31, 2021.

    Q1 2021 financial highlights

    • NXTD reported revenue of approximately $2.4 million in Q1 2021, compared to approximately $3.7 million for the same 2020 period.
    • It earned a gross profit of approximately $1.6 million in Q12021, compared to approximately $2.8 million for the same 2020 period.
    • Total operating expenses were $3 million in Q1 2021, compared to approximately $1.8 million in Q1 2020.
    • It suffered an operating loss of approximately $783,000 in Q1 2021 compared to approximately $1.0 million operating loss in Q1 2020.
    • Non-GAAP net loss was approximately $312,000 in Q1 2021, compared to net income of approximately $860,000 in Q1 2020.
    • As of March 31, 2021, the company had a cash balance of approximately $8.5 million.

    Senior Secured Term Loan Facility payment

    On May 03, 2021, Nxt-ID, Inc. (NXTD) announced today that it had prepaid an additional $3.0 million of its Senior Secured Term Loan Facility.

    On this occasion, the CEO of NXTD, Vincent S. Miceli said that the company did not incur a prepayment premium related to this prepayment. At current interest rates, the Company expects that this prepayment will save the Company approximately $400 thousand in interest expense on an annual basis.

    NXTD regained NASDAQ compliance

    On January 04, 2021, Nxt-ID, Inc, (NXTD) received written notice from the Office of General Counsel of The Nasdaq Stock Market LLC confirming that the Company has regained compliance with the applicable Nasdaq minimum bid price continued listing requirement and the matter is now closed.

    Conclusion

    Well, as of this writing, there are no recent developments for its early loss on Friday and later good performance in the after-hours. We hope that it will continue its positive momentum in the new week as well.

  • Why did Marin Software Incorporated (MRIN) stock decline on Friday’s after-hours?

    Marin Software Incorporated (MRIN) shares declined 14.73% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $7.06 per share. in the regular trading session of Friday, MRIN’s stock gained 28.17%. MRIN shares have risen 483.10% over the last 12 months, and they have moved up 5.61% in the past week. Over the past three months, the stock has gained 362.57%, while over the past six months, it has shed 283.33%. MRIN has a current market of $70.79 million and its outstanding shares stood at 10.30 million.

    MRIN Recent financial results announcement

    On July 30, 2021, Marin Software Incorporated (MRIN announced financial results for the second quarter ended June 30, 2021.

    Q2 2021 financial results

    • MRIN reported revenue of 1 million in Q2 2021 compared to $7.3 million in the second quarter of 2020.
    • Total operating expenses were $5.93 million in Q2 2021 compared to $7.3 million in Q2 2020.
    • It suffered a GAAP operating loss of $3.0 million in Q2 2021 compared to a GAAP operating loss of $4.5 million in Q2 2020.
    • Net loss was $2.5 million or net loss per, basic and diluted common share was $0.23 in Q2 2021 compared to a net loss of $3.5 million or net loss per, the basic and diluted common share was $0.50 million in Q2 2020.
    • As of June 30, 2021, the company had cash, cash equivalents and restricted cash of $14.4 million.

    Financial guidance for Q3 2021

    For Q3 2021, MRIN is expecting

    • Net revenue to be in the range of $5.5 to $6.0 million
    • Operating loss in the range of $3.3 to $2.8 million

    MarinOne Performance Across Advertising Channels

    On July 22, 2021, Marin Software published three new customer case studies highlighting the benefits of using MarinOne across multiple marketing channels.

    Digital marketers are looking for the best performance from their marketing investment and the advanced bidding at the heart of delivering results. The MarinOne bidding algorithm can be used across channels, including the latest additions like Instacart, LinkedIn, and Apple Search Ads.

    MRIN Integration with Instacart Ads

    On June 23, 2021, Marin Software added the ability to manage Instacart Ads to its flagship MarinOne platform. This integration makes it easier for brands to connect with customers directly at the point of sale.

    Instacart is the leading online grocery platform in North America. Marin is bringing its experience helping advertisers optimize over $40 billion in digital advertising spend to the rapidly growing platform.

    MRIN Q1 2021 financial results announcement

    On May 6, 2021, Marin Software Incorporated released its financial results for the first quarter ended March 31, 2021.

    Q1 2021 financial highlights

    • Marin Software reported revenue of $6.3 million for Q1 2021 compared to $8.7 million in the first quarter of 2020.
    • GAAP operating loss was $4 million for Q1 2021 compared to $4.4 million for the first quarter of 2020.
    • Non-GAAP operating loss was $2.5 million in Q1 2021 compared to a non-GAAP operating loss of $3.5 million in Q1 2020.
    • Total operating expenses were $5.51 million for Q1 2021, compared to $7.73 million for Q1 2020.
    • The company suffered a net loss of $2.12 million in Q1 2021 compared to a $7.73 million net loss in Q1 2020.
    • Net loss per common share, basic and diluted was $0.21 in Q1 2021 compared to $0.58 in Q1 2020.

    Conclusion

    MRIN stock faced headwinds in the after-hours on Friday due to the Q2 financial results announcement which did not attract the investors. We hope that it will commence the new week in a positive mode.

  • Here is why American Tower Corporation (AMT) shares faced minor loss on Thursday?

    American Tower Corporation (REIT) (AMT) shares lost 0.04% in after-hours on Thursday, July 29, 2021, and closed the daily trading at $282.88 per share. in the regular trading on Thursday, AMT’s stock lost 0.69%. AMT shares have risen 4.32% over the last 12 months, and they have moved up 0.50% in the past week. Over the past three months, the stock has gained 13.01%, while over the past six months, it has shed 23.95%. AMT has a current market of $126.78 billion and its outstanding shares stood at 444.49 million.

    Let’s have a brief look at its recent developments.

    AMT financial results announcement

    On July 29, 2021, American Tower Corporation (AMT) announced its financial results for the second quarter ended June 30, 2021.

    Q2 2021 financial highlights

    • AMT reported revenue of $2,299 million for Q2 2021 compared to $1,913 million in Q2 2020.
    • Total operating expenses were $1,449.7 million in Q2 2021 compared to $1,221.7 million in Q2 2020.
    • Net income was $748 million in Q2 2021 compared to $448.5 million in Q2 2020.
    • Consolidated AFFO was $1,097 million in Q2 2021 compared to $924.1 million in Q2 2020.
    • Adjusted EBITDA was $1,476 million in Q2 2021 compared to $1,212 million in Q2 2020.

    AMT FY 2021 update financial guidance

    For FY 2021, AMT is expecting

    • Total revenue in the range of $8,985 to $9,135 million.
    • Net income in the range of $2,410 to, $2,510 million.
    • Adjusted EBITDA in the range of $5,860 million to $5,960 million

    AMT sold 10% stake in ATC Europe to Allianz

    On June 17, 2021, American Tower Corporation (AMT) announced to sell its 10% stake in ATC Europe to Allianz Capital Partners. The deal is valued at more than €530 million, giving ATC Europe an enterprise value of more than €8.8B.

    American Tower will keep the managerial and operational control, and the daily oversight of ATC Europe, while Allianz will secure seats on ATC Europe’s Boards alongside certain governance rights.

    AMT participation in the recent investor conferences

    American Tower Corporation (AMT) recently participated in the Credit Suisse 23rd Annual Communications Conference, which was held on Monday, June 14, 2021. The company was presented by its Executive Vice President and Chief Financial Officer and Treasurer, Rod Smith, during the conference.

    The company also participated in Nareit’s REITweek: 2021 Virtual Investor Conference, which was held on Wednesday, June 9, 2021.

    AMT completed the Telxius Towers acquisition

    On June 3, 2021, American Tower Corporation (AMT) closed the Latin American tranche of its Telxius Towers acquisition, comprised of over 7,000 communications sites in Brazil, Peru, Chile, and Argentina.

    The acquisition was valued at approximately €0.9 billion. The closing was funded by a combination of cash on hand and borrowings under the Company’s revolving credit facilities and term loans.

    Conclusion

    The financial results could be the reason behind its minor loss on Thursday, though the results were not bad at all. We hope that AMT will end the weekly trading on a positive note.

  • Here is why CRISPR Therapeutics AG (CRSP) stock turnaround in the after-hours on Thursday?

    CRISPR Therapeutics AG (CRSP) shares jumped 5.67% in after-hours on Thursday, July 29, 2021, and closed the daily trading at $125.75 per share. in the regular trading on Thursday, CRSP’s stock lost 0.63%. CRSP shares have risen 39.13% over the last 12 months, and they have moved down 4.62% in the past week. Over the past three months, the stock has lost 9.77%, while over the past six months, it has declined 28.92%.

    Let’s check out its recent developments

    CRSP Financial results announcement

    On July 29, 2021, CRISPR Therapeutics (CRSP reported financial results for the second quarter ended June 30, 2021.

    Q2 2021 financial highlights

    • CRSP reported revenue of $900.2 million for the second quarter of 2021, compared to less than $0.1 million for the second quarter of 2020.
    • In Q2 2021, R&D expenses were $108.3 million compared to $59.4 million in Q2 2020.
    • General and administrative expenses were $29.8 million in Q2 2021, compared to $21.4 million in Q2 2020.
    • In Q2 2021, net income was 2 million compared to a net loss of $79.7 million for the second quarter of 2020.
    • As of June 30, 2021, the company had cash, cash equivalents, and marketable securities of $2,589.4 million, compared to $1,806.2 million as of March 31, 2021.

    CRSP partnership with Capsida Biotherapeutics

    On June 15, 2021, CRISPR Therapeutics (CRSP) and Capsida Biotherapeutics Inc signed a strategic partnership to research, develop, manufacture and commercialize in vivo gene editing therapies delivered with engineered AAV vectors for the treatment of familial amyotrophic lateral sclerosis (ALS) and Friedreich’s ataxia.

    Capsida will lead research and development of the ALS program and conduct capsid engineering for both programs, and CRISPR Therapeutics will lead research and development of Friedreich’s ataxia program and perform gene-editing activities for both programs.

    New CTX001 data presentation at European Hematology Association Annual Meeting

    On June 11, 2021, Vertex Pharmaceuticals Incorporated (VRTX) and CRISPR Therapeutics (CRSP) released new data on 22 patients, with follow-up of at least 3 months, and ranging from 4 months to 26 months, treated with the investigational CRISPR/Cas9-based gene-editing therapy, CTX001, that show a consistent and sustained response to treatment.

    CTX001 is being investigated in two ongoing Phase 1/2 clinical trials as a potential one-time therapy for patients suffering from transfusion-dependent beta-thalassemia (TDT) and severe sickle cell disease (SCD). In total, more than 40 patients have been dosed across both studies to date.

    Conclusion

    The Q2 2021 financial results which were announced yesterday were the reason behind CRSP stock surging in the after-markets on Thursday. we are pretty confident that CRSP can end the weekly trading by continuing its positive momentum on Friday as well.

  • Here is why LM Funding America Inc. (LMFA) stock surged in the after-hours on Thursday?

    LM Funding America Inc. (LMFA) shares surged 14.29% in after-hours on Thursday, July 29, 2021, and closed the daily trading at $4.80. in regular trading, LMFA’s stock lost 5.41%. LMFA shares have fallen 39.13% over the last 12 months, and they have moved up by 7.69% in the past week. Over the past three months, the stock has lost 27.59%, while over the past six months, it has shed 44.00%.

    Let’s discuss its recent news and developments briefly.

    Acquisition of 5.2% LMFA stock by Custodian Ventures LLC

    On July 29, 2021, Custodian Ventures LLC filed a Schedule 13D announcing its acquisition of approximately 5.2% of the common stock outstanding of LM Funding America, Inc. (LMFA).

    LMFA recent financial results

    On May 14, 2021, LM Funding America, Inc. (LMFA) reported its financial results for the three months ended March 31, 2021.

    Q1 2021 financial highlights

    • LMFA reported revenue of $177 thousand in Q1 2021 compared to $341 thousand in Q1 2020.
    • It suffered an operating loss of 1,728 thousand in Q1 2021 compared to a loss of $561 thousand in Q1 2020.
    • In Q1 2021, net income was $$4.4 million, or $0.87 per basic common share compared to $0.55 million or $0.88 per basic common share in Q1 2020.

    LMFA Reverse Stock Split

    On May 06, 2021, LM Funding America, Inc (LMFA) announced a 1-for-5 reverse stock split of its outstanding common stock, which became effective at 12:01 a.m. Eastern time on May 7, 2021. LM Funding’s common stock started to trade on a split-adjusted basis on May 7, 2021.

    Digital Assets Strategy

    On April 26, 2021, LM Funding America, Inc (LMFA) announced plans to purchase up to $2 million in digital assets. The purchase of Bitcoin, Ether and other digital assets that are not securities is part of LMFA’s capital allocation strategy. This purchase represents approximately ten per cent of LMFA’s assets. In addition, LMFA is pursuing the development of transactional capabilities involving digital assets both organically and through potential acquisitions.

    Separate Trading of Class A Common Stock and Warrants

    On March 17, 2021, LMF Acquisition Opportunities, Inc (LMAOU) announced that, from March 18, 2021, holders of the units sold in the Company’s initial public offering elected to separately trade shares of the Company’s Class A common stock and warrants included in the units. Class A Common Stock and warrants that are separated will trade on the Nasdaq Capital Market under the symbols LMAO and LMAOW, respectively. Those units not separated will continue to trade on Nasdaq under the symbol LMAOU.

    Conclusion

    The recent 5.2% LMFA stock acquisition by Custodian Ventures LLC was the reason behind its surging in the after-markets on Thursday. it can continue to surge on Friday as well.