STOCKS TELEGRAPH

Author: Hassan Masood

  • Petros Pharmaceuticals, Inc. (PTPI) Stock had a Hefty Tuesday, Here’s the Reason

    Petros Pharmaceuticals, Inc. (PTPI) Stock had a Hefty Tuesday, Here’s the Reason

    Petros Pharmaceuticals, Inc. (PTPI), a pharmaceutical company, has slightly increased by 1.03% in aftermarket trading session. Consequently, PTPI stock is trading at $3.93 at the time of the writing. On Tuesday, PTPI closed the day at $3.89 after surging 9.27% during regular trading hours. The surge could be attributed to the announcement of the offering’s closing.

    Why PTPI Surged?

    On Tuesday, PTPI announced the closing of its previously announced registered direct offering and private placement with the company’s largest investor and other existing investors for gross proceeds of approximately $7.5 million. The company said that it intends to use the net proceeds from the offering for expansion of its men’s health platform and working capital and general corporate purposes. Katalyst Securities LLC served as the financial advisor to the company regarding the transaction.

    Q3 2021 Operational Results

    On 15th November, PTPI released the operational results for the third quarter of the fiscal year 2021. The quarter ended on 30th September. The company generated net sales of $2.2 million during the quarter against the net sales of $3.5 million. The total gross profit for the period was $1.8 million against $2.5 million for the same period of 2020. The net loss suffered by the company during the $1.7 million against $3.3 million for the same period of 2020.

    Executive Commentary

    Fady Boctor, President and Chief Commercial Officer of PTPI, while commenting on the results said that the company has continued its momentum during the third quarter with several prescriptions and tablets hitting a record level. The company has continued to make progress with its strategies.

    Future Outlook for PTPI

    The last three months have seen PTPI stock rocketing by more than 100%. That depicts the investors’ interest associated with stock during the period. Analyst estimates suggest that the stock is in a good position to thrive upon this already built momentum in months to come.  

  • SeaChange International, Inc. (SEAC) Stock on a Rally, Here’s the Reason

    SeaChange International, Inc. (SEAC), a company that provides multiscreen, advertising, and premium over the top (OTT) video products and services, has increased by 4.59% in aftermarket trading session. As a result, SEAC stock is trading at $2.05 at the time of the writing. On Wednesday, SEAC closed the day at $1.96 after surging 9.50% during regular trading hours. The consistent surge in stock price is attributable to the company’s deal to take Triller public.

    Why SEAC on Rise?

    On Wednesday, SEAC together with Triller Hold Co LLC announced that they have entered into a definitive agreement and a plan of merger for the combination of SeaChange with TrillerVerz. The business combination was expected to ultimately result in the valuation of the combined company at $5 billion. TrillerVertz believes that it is positioned to become a leading AI-powered social media platform.

    Q3 2022 Operational Results

    On 14th December, SEAC released the operational results for the third quarter of the fiscal year 2022. The quarter ended on 31st October. The company generated total revenue of $7.15 million during the quarter against $4.96 for the same period of fiscal 2021. The total operating expenses for the three months were $5.72 million against $7.34 million for the same period of fiscal 2021. The net loss suffered by the company during the three months was $2.1 million (or $0.04 per basic and diluted share) against $5.1 million (or $0.14 per basic and diluted share) for the same period of fiscal 2021.

    Executive Commentary

    Chris Klimmer, Senior Vice President and Chief Revenue Officer at SEAC, while commenting on the results said that the company operates in massive markets where it leverages deep expertise, strong relationships, and long operational history to capitalize on the opportunities. The company believes that the continued execution of strategies will capture the markets and create larger value for both customers and stakeholders in the long term.

    Future Outlook for SEAC

    In the last few months, SEAC stock has shown a considerable surge. Looking ahead, it appears that with the business strategies in place, the stock could see positive times. Hence, the investors should opt for long-term investment in the stock.

  • Dave & Buster’s Entertainment, Inc. (PLAY) Stock Steadily Moving Forward, Here’s Why

    Dave & Buster’s Entertainment, Inc. (PLAY), a company that owns and operates entertainment and dining venues for adults and families, has gained an increase of 3.93% in aftermarket trading session. Consequently, PLAY stock is trading at $34.40 at the time of the writing. On Tuesday, PLAY closed the day at $33.10 after gaining a nominal increase of 1.35% during regular trading hours. The consistent increase could be attributed to the announcement of quarterly results.

    PLAY Q3 2021 Operational Results

    On Tuesday, PLAY released the operational results for the third quarter of the fiscal year 2021. The quarter ended on 31st October. The company generated total revenue of $317.9 million during the quarter against $109 million for the same period of 2020. The total operating costs stood at $293.5 million against $165 million for the same period of 2020. The net income generated by the company during the three months was $10.5 million (or $0.22 and $0.21 per basic and diluted share) against the net loss of $48 million (or $1.01 per basic and diluted share) for the same period of 2020.

    Financial Outlook

    PLAY also released the financial outlook for the upcoming quarter alongside these operational results. The company expects that the comparable store sales for the quarter would be slightly positive as compared to the same quarter of 2019. The walk-in comparable store sales are also expected to remain on the stronger side. The adjusted EBITDA margin is expected to increase by 200 bps compared to that of 2019. The company expects four new store openings during the fiscal year 2021.

    Executive Commentary

    Kevin Sheehan, Interim Chief Executive Officer of PLAY, while commenting on the results said that the company is pleased to report some outstanding results. He said that the company has begun a new phase of innovation, growth, and value creation with a sharp focus on realizing the company’s upside potential.  

    Future Outlook for PLAY

    During the last month, PLAY stock has declined approximately 18%. That decline could be the result of uncertainty associated with the stock during that period. However, analysts are optimistic that PLAY stock tends to impress upon potential investors in the future to come.

  • Dare Bioscience, Inc. (DARE) Stock Rocketing Higher, Here’s the Reason

    Dare Bioscience, Inc. (DARE), a clinical-stage biopharmaceutical company, has soared 37.61% in aftermarket trading session. Consequently, DARE is trading at $2.92 at the time of the writing. On Tuesday, DARE closed the day at $2.12 after surging 10.52% during regular trading hours. The increase in stock could be attributed to the approval of XACIATO by the FDA.

    Why DARE Rising?

    On Tuesday, DARE announced that the Food and Drug Administration (FDA) has approved XACIATO, clindamycin phosphate vaginal gel, 2%, for treating bacterial vaginosis in girls having age 12 years or older. Bacterial vaginosis is among the most common causes of vaginitis around the globe. It is estimated that vaginitis affects about 21 million women in the US alone. The FDA approval of XACIATO comes three years after the company licensed that technology.

    Q3 2021 Operational Results

    On 10th November, DARE released the operational results for the third quarter of fiscal 2021. The quarter ended on 30th September. The company bore total operating expenses of $12.6 million during the quarter against $7.5 million for the same period of 2020. The net loss suffered by the company during the three-month period stood at $12.66 million against $7.5 million for the same period of 2020. The net loss per basic and diluted share for the quarter stood at $0.18 against $0.24 for the same period of 2020.

    Executive Commentary

    While commenting on the results, Sabrina Martucci Johnson, President, and CEO of DARE said that the company has made continued efforts and significant progress on several of the key clinical and strategic corporative initiatives during the quarter. Based on those, the company is gearing up for eventful next few months and looks forward to providing updates as its progress continues in a forward direction.  

    Future Outlook for DARE

    During the last month, DARE stock has jumped up more than 32%. Based on that, analysts are predicting that dare stock should be on the radar of potential investors, who could reap numerous benefits from the stock in the near future.

  • SentinelOne, Inc. (S) Stock on a Bumpy Ride in Aftermarket, Here You would Know Why

    SentinelOne, Inc. (S), a cybersecurity provider, has slid 8.41% in aftermarket trading session. As a result, S stock is trading at $46.75 at the time of the writing. The stock is in decline despite the announcement of strong quarterly results. On Tuesday, SentinelOne closed the day at $51.04 in the mid-day session after increasing 13.40%.

    SentinelOne Q3 2022 Operational Results

    On Tuesday, SentinelOne, Inc. (S) released the operational results for the third quarter of fiscal 2022. The quarter ended on 31st October. The company generated total revenue of $56 million during the quarter against $24.6 million for the same period of fiscal 2021. The total operating expenses for the three months were $103 million against $43.9 million for the same period of fiscal 2021. The net loss suffered by the company during the three months was $68.5 million (or $0.26 per basic and diluted share) against $30.1 million (or $0.85 per basic and diluted share) for the same period of 2020.

    Financial Outlook

    Alongside the operational results, SentinelOne, Inc. (S) also reported the financial outlook for the upcoming quarter. The company expects to generate revenue between $60 million and $61 million during the quarter. The non-GAAP gross margin for the quarter is estimated to stand between 62% and 63%. The company expects the non-GAAP operating margin to lie between 83% and 80% during the upcoming quarter.

    Executive Commentary

    Tomer Weingarten, CEO of SentinelOne, while commenting on the results said that the customers have continued to choose the company because of the protection, response, automation capabilities it offers. The business of the company is performing extremely well and the company looks forward to a spectacular upcoming quarter.

    Future Outlook for SentinelOne

    The last three months have seen SentinelOne, Inc. (S) stock decline more than 25%. That depicts the negative sentiments associated with it during the period. Looking toward the future, a potential investor should keep a close eye on the performance of S stock to make an informed decision about investments.

  • Stitch Fix, Inc. (SFIX) Stock Plummeting in Aftermarket, Here’s the Reason

    Stitch Fix, Inc. (SFIX), a company that sells a range of apparel, shoes, and accessories through its Website and mobile application, has plunged 17.86% in aftermarket trading session. Consequently, SFIX stock is trading at $20.51 at the time of the writing. The stock has declined despite announcing robust quarterly results. The decline could be attributed to the decreased revenue for the year as compared to analyst expectations. On Tuesday, SFIX closed the day at $24.97 after gaining an increase of 4.61% during the mid-day session.

    SFIX Q1 20222 Operational Results

    On Tuesday, SFIX released the operational results for the first quarter of the fiscal year 2022. The quarter ended on 30th October. The company generated net revenue of $581.2 million for the quarter against $490.4 million for the same period of fiscal 2021. The operating loss bore by the company during the period stood at $1.85 million against $19.53 million for the same period of fiscal 2021. The net loss suffered by the company during the three-month period was $1.82 million (or $0.02 per basic and diluted share) against $9.5 million (or $0.09 per basic and diluted share) for the same period of fiscal 2021.

    Financial Outlook for Q2 2022

    Alongside the operational results, SFIX also released the financial outlook for the upcoming quarter. The company expects to generate net revenue between $505 million to $520 million during the three-month period. That depicts a 0% to 3% year-over-year growth. The company expects the adjusted EBITDA to stand between a loss of $5 million and $5 million in terms of gain.

    Executive Commentary

    Elizabeth Spaulding, CEO of SFIX, while commenting on the results said that the company has delivered outstanding results during the first quarter. The quarterly results reflect a strong performance in business by the company. The company is pleased with the progress it is making toward the vision of becoming the global destination for personal shopping.

    Future Outlook for SFIX

    During the last three months, SFIX stock has declined more than 35%. That could be attributed to the uncertainty due to the prevalence of the pandemic during the period. However, analysts believe that the stock is in a good shape to provide potential investors with dividends in quarters to come.

  • Coupa Software Incorporated (COUP) Stock Tumbling in Aftermarket, Here’s Why

    Coupa Software Incorporated (COUP) Stock Tumbling in Aftermarket, Here’s Why

    Coupa Software Inc. (COUP), a company that provides a cloud-based business spend management platform, has plunged 10.68% in aftermarket trading session. As a result, COUP stock is trading at $155.50 at the time of the writing. The sharp decline could be attributed to the announcement of quarterly results. On Monday, COUP stock closed the day at $174.1 after marginally increasing by 1.97% during regular trading hours.

    COUP Q3 2022 Operational Results

    On Monday, COUP released the operational results for the third quarter of the fiscal year 2022. The quarter ended on 31st October 2021. The company generated total revenue of $185.8 million for the three months against $132.9 million for the same period of fiscal 2021. The total operating expenses for the three months stood at $164.2 million against $115.8 million for the same period of fiscal 2021. The net loss suffered by the company during the quarter was $88 million (or $1.23 per basic and diluted share) against $60.7 million (or $0.88 per basic and diluted share) for the same quarter of fiscal 2021.

    Business Outlook

    Alongside the operational results, COUP also released the business outlook for the fourth quarter of fiscal 2022. The total revenues are expected to fall in the range of $185 million to $186 million. The non-GAAP income from operations is estimated to stand at $8 million to $10 million. The net income per diluted share (non-GAAP) for the quarter is expected to stand between $0.03 and $0.05 per share.

    Executive Commentary

    Rob Bernshteyn, chairman and chief executive officer at COUP, while commenting on the results said that the company delivered another strong quarter with record revenue and profitability. He said that the results reflect the strong adoption of the Coupa platform as the customers continue to give a priority to Business Spend Management as a fundamental aspect of their go-forward strategy. He hoped that during the upcoming quarter, the company would continue to leverage the Value-as-a-Service approach to increase its strategic customer base.

    Future Outlook for COUP

    The last three months have seen COUP decline by a mammoth 33% even though some good news related to stock emerged out during the period. With businesses around the globe under threat from new variants of COVID, especially Omicron, COUP stock could face a difficult time ahead.

  • ACADIA Pharmaceuticals Inc. (ACAD) Stock Rocketing Higher in Aftermarket, Here’s the Reason

    ACADIA Pharmaceuticals Inc. (ACAD) Stock Rocketing Higher in Aftermarket, Here’s the Reason

    ACADIA Pharmaceuticals Inc. (ACAD), a biopharmaceutical company, has soared 21.80% in aftermarket trading session. Consequently, ACAD stock is trading at $23.63 at the time of the writing. On Monday, ACAD stock closed the day at $19.40 after gaining an increase of 3.25% during regular trading hours. The increase in ACAD stock could be attributed to the positive topline results from the phase 3 Lavender trial.

    Why ACAD on a Rise?

    On Monday, ACAD announced the positive topline results from the pivotal phase-3 Lavender study. The study highlighted the efficacy and safety of trofinetide in 187 girls and young women aged 5-20 years with Rett syndrome. The placebo-controlled study was conducted for 12 week period and it demonstrated significantly improved results over the placebo for both the co-primary endpoints. The change in the Rett Syndrome Behaviour Questionnaire (RSBQ) from baseline to week 12 was -5.1 vs. -1.7.

    Q3 2021 Operational Results

    On 8th November, ACAD released the operational results for the third quarter of the fiscal year 2021. The quarter ended on 30th September 2021. The company generated total revenue of $131.1 million during the period against $120.5 million for the same period of 2020. The total operating expenses for the period were $146.9 million against $206.4 million for the same period of 2020. The net loss suffered by the company during the three months was $14.4 million (or $0.09 per basic and diluted share) against $84.6 million (or $0.54 per basic and diluted share) for the same period of 2020.

    Executive Commentary

    Steve Davis, Chief Executive Officer of ACAD, while commenting on the results said that the company’s performance during the third quarter depicts the volume growth across all of the channels. Its strong relative performance highlights the ability of its commercial team to drive the sales of its products in challenging circumstances. He hoped that the company is looking forward to meeting some extremely important goals during the upcoming few weeks.  

    Future Outlook for ACAD

    The last three months have seen ACAD stock surge more than 19%. That’s good news for the investors of Acadia because looking at the company appears to be well on track to success after a gruesome 12 month period, in which its stock value declined more than 60%. Potential investors should keep a close eye on the performance of ACAD stock during the upcoming months.

  • Intel Corp. (INTC) Stock Taking Giant Leaps Forward in Aftermarket, Here’s Why

    Intel Corp. (INTC) Stock Taking Giant Leaps Forward in Aftermarket, Here’s Why

    Intel Corp. (INTC), a company that designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses, has surged 8.32% in aftermarket trading session. Consequently, INTC stock is trading at $55.23 at the time of the writing. On Monday, INTC closed the day at $50.99 after gaining an increase of 3.53% during regular trading hours. The consistent increase could be attributed to the speculations that the company intends to list shares of its Mobileye self-driving car business.

    Why INTC Stock Surging?

    On Monday, shares of INTC started leaping forward after speculations arose that Intel plans to list the shares of its Mobileye self-driving car business. It could do so to let the chipmaker capitalize on its investment in this rapidly growing industry. The company is expected to officially announce the move in the next one to two days. Mobileye was acquired by Intel in 2017 for $15 billion. The company is based in Israel and has tested its technologies in Robo-taxi fleets in Shanghai, Paris, Detroit, and Tokyo.  

    Operational Results

    On 22nd October, INTC released the operational results for the third quarter of the fiscal year 2021. The quarter ended on 25th September 2021. The company generated net revenue of $19.1 billion during the quarter against $18.3 billion for the same period of 2020. The total operating expenses bore by the company during the period were $5.5 billion against $4.6 billion for the same period of 2020. The net income generated by the company during the three months was $6.8 billion (or $1.68 and $1.67 per basic and diluted share) against $4.2 billion (or $1.02 per basic and diluted share) for the same period of 2020.

    Business Developments

    INTC also shed a light on the key business developments of the quarter. The company provided an update on the manufacturing and packaging of roadmaps at the Intel Accelerated Event in July 2021. It detailed its architectural innovation on Intel Architecture day 2021. That was done so to meet the increasing demand for computing performance of leadership products. In August, it was announced that Intel Foundry Services would lead the first phase of the US department of defence multi-phase Rapid Assured Microelectronics Prototypes.

    Future Outlook for INTC

    A closer look at statistics reveals that INTC stock has followed a stabilized trajectory during the last few months, i.e. it has neither plummeted nor skyrocketed. With the innovative strategies that the company is known for, the investors could soon see a rapid rise from INTC stock.

  • MongoDB, Inc. (MDB) Stock on a Rally, Here’s You Would Find the Reason

    MongoDB, Inc. (MDB) Stock on a Rally, Here’s You Would Find the Reason

    MongoDB, Inc. (MDB), a company that provides a general-purpose database platform worldwide, has escalated 17.91% in aftermarket trading session. As a result, MDB stock is trading at $506.25 at the time of the writing. The increase could be attributed to the announcement of quarterly results. On Monday, MDB closed the day at $429.34 after slumping 4.63% during the mid-day session.

    MDB Q3 20222 Operational Results

    In the late hours of Monday, MDB released the operational results for the third quarter of the fiscal year 2022. The quarter ended on 31st October 2021. The company generated total revenue of $226.8 million during the quarter against $150.7 million for the same quarter of fiscal 2021. The total operating expenses bore by the company during the three months were $235.1 million against $162.7 million for the same period of fiscal 2021. The net loss suffered by the company during the period was $81.2 million (or $1.22 per basic and diluted share) against $72.6 million (or $1.22 per basic and diluted share) for the same period of fiscal 2021.

    Financial Guidance for Q4 2022

    Alongside the operational results, MDB also released the financial guidance for the upcoming quarter. The company estimated the net revenue to stand between the range of $239 million to $242 million during the fourth quarter of fiscal 2022. The non-GAAP loss from operations is estimated to stand between $13 million to $11 million during the three months. In the case of non-GAAP net loss per share, the company estimated it to stand between $0.24 and $0.21 during the three months.

    Executive Commentary

    Dev Ittycheria, President and Chief Executive Officer of MDB, while commenting on the results said that the company has delivered another fantastic quarter which is highlighted by the 84% atlas revenue growth as well as from the increase in customer count. He believed that a key driver for the success of the company is the increasing number of customers choosing the company as an enterprise standard for their future application development.

    Future Outlook for MDB

    During the last three months, MDB stock has surged more than 30%. Analysts believe that the stock is in a good shape to bring on further enhanced performances in years to come. Hence, potential investors should keep a close eye on the performance of MDB stock.