Author: Mahrukh Rehan

Leju Holdings Limited (LEJU) has seen an incline of 14.02% in premarket. However, the last trading session closed at $1.0174 with a decrease of 4.92%.

Annual General Meeting by LEJU– When is it going to take place?

LEJU announced on 12^th November 2021 that the annual general meeting will take place at Room 1120, 11/F, Yinli Building, No. 383 Guangyan Road, Shanghai on 7^th December 2021. In the meeting, no proposal will be presented to shareholders for approval. Instead, the AGM will be an open platform for shareholders and holders of the Company’s ADSs to speak with leadership on the company’s operations.

First Half Year 2021 Results Disclosed

On 31^st August 2021, LEJU reported the first half-year results in 2021. The report issued by the company says that the total revenue grew by 8% to $301.1 million years over year. Moreover, E-commerce service revenues climbed by 13% to $231.4 million years over year. Not only this, but the online advertising revenue fell 6% to $69.3 million years over year. Furthermore, the loss from operations was $49.9 million, compared to $1.2 million in the same quarter of 2020.

Now what?

The burden on real estate developers’ operations and sales steadily increased in the first half of 2021. This owed to tightening restrictions in China’s real estate business. Despite the difficult circumstances, Leju’s entire business grew steadily. However, owing to a deterioration in one of our real estate developer customers’ credit status, our bad debt provision for the first half of this year increased by US$48.9 million compared to the same time in 2020, resulting in a loss for the first half of this year.

Fourth Quarter and Full Year 2020 Results – What’s the news?

LEJU announced fourth-quarter 2020 results on 26^th March 2021. The total sales were $230.4 million, 2% more than the previous year. Moreover, the online advertising services revenue climbed by 43% year over year to $60.1 million. Not only this, but the E-commerce revenue was down 8% to $170.1 million years over year.

Furthermore, the income from operations for the first quarter of 2019 was $10.1 million, $9.0 million more than the previous year. Non-GAAP income from operations was $13.4 million in the first quarter of 2019, down 4% from $14.0 million the previous year. Lastly, LEJU stockholders earned $6.1 million, 36% more than $4.5 million in the same quarter of 2019.

eMagin Corporation (EMAN) experienced an increase of 8.07% in premarket. However, the last trading session concluded at $1.61 with a decline of 12.97%.

Third Quarter 2021 Results – What are the latest updates?

EMAN announced third-quarter results on 12^th November 2021. Total sales for the third quarter of 2021 were $5.8 million, $7.3 million more than the previous year. Moreover, the product revenue and contract revenue combine to make up total revenue. Product revenues during the third quarter of 2021 were $5.3 million, $1.7 million less than the prior-year period’s $7.0 million. Furthermore, contract sales were $0.5 million, $0.3 million more than the year before.

This was due to an increase in development activity linked with a tier-one consumer EMAN’s contract. Operating costs, including R&D expenses, rose to $3.9 million in the third quarter of 2021. Last but not the least, the operational loss for the third quarter of 2021 was $3.3 million, compared to $1.9 million in the prior-year period, owing mostly to the lower gross profit mentioned above.

Now what?

In the microdisplay sector, EMAN has always set the bar for innovation and performance. And EMAN has hit a number of significant milestones in the third quarter. EMAN has built the manufacturing capability to increase production for the high-brightness XLE displays and debuted prototypes of what is currently the world’s highest, full-color Direct Patterning Display (dPdTM) microdisplays in conjunction with proof-of-concept display work for a tier-one AR/VR customer.

The unique dPd technology is used to create industry-leading brightness and resolution combinations in these prototype microdisplays. EMAN has shown these displays to an audience of renowned OLED industry experts on October 29, exhibiting their vivid, full-color, high-resolution performance with a maximum brightness of over 10,000 cd/m2 and a peak luminance of over 10,000 cd/m2. This was a watershed event for EMAN and the industry, establishing them as a real disruptor in the OLED microdisplay market.

Full-color OLED Microdisplay by EMAN – All about it

On 1^st November 2021, EMAN announced that they have successfully created a  new design for a widescreen ultra-extended graphics array. This is a watershed moment for eMagin and the industry. And it represents the biggest success in furthering the unique dPd technology to date. By using direct patterning on WUXGA displays, EMAN was able to achieve maximum brightness of over 10,000 cd/m2.

This is a 20-fold improvement over the standard white with color filter XL microdisplays. EMAN thinks that it is the world’s brightest high-resolution, full-color OLED microdisplay. Not only this, but the company is developing this technology with a tier-one consumer firm. Lastly, the clients will be able to overcome poor optics and install new and sophisticated features that were previously impossible to execute due to technological constraints.

SCWorx Corp. (WORX) experienced an incline of 22.67% in premarket. However, the last trading session concluded at $1.5 with a decline of 1.96%.

Funding by an Institutional Investor – All Recent Updates

On 23^rd September 2021, WORX announced that it has concluded the offer, acquisition, and distribution of 298,883 shares of common stock. SCWorx continues to execute its plan of enhancing the overall health of the business. Moreover, the company is thrilled to collaborate with this investor.

Now what?

For hospital clients, the epidemic has been tremendously difficult. The solutions bring much-needed cost reductions, data integrity, and productivity to hospitals at a time when they are most in need. Furthermore, WORX is in a unique position to bring many layers of quality and price savings to the country’s healthcare professionals. And they look forward to assisting them in accomplishing their objectives with this investment.

New Appointment to Board of Directors by WORX

On 15^th March 2021, WORX reported that Alton Irby has been appointed as a member of the Board of Directors. The Nasdaq Stock Market previously informed the Company that it did not meet the audit standards for continuing listing on the Nasdaq Capital Market as a result of Charles K. Miller’s departure. Nasdaq has notified the Company that it now conforms with its audit committee regulation.

So what?

WORX happily welcomes Mr. Irby to the SCWorx board of directors. They think Mr. Irby’s extensive expertise as an investment banker and counselor to several business boards in the United States and Europe would benefit SCWorx. His 17 years as a senior member of McKesson Corporation’s Board of Directors has given him invaluable healthcare knowledge.

WORX Consultant Role – Who’s the new addition to the team?

On 25^th January 2021, WORX announced that Marc Schessel is stepping down as CEO to focus his efforts as a consultant on assisting the company’s data plans. Mr. Schessel, the company’s founder, and CEO has worked relentlessly for the company’s expansion and growth. Moreover, he is a healthcare supply chain specialist who will keep helping SCWorx on a daily basis.

Ambarella, Inc. (AMBA) experienced an increase of 16.98% in premarket following the announcement of the third-quarter fiscal year 2022 financial results. However, the last trading session concluded at $179.52 with a decline of 1.28%.

Third Quarter Fiscal Year 2022 Financial Results – Was it a strong quarter?

AMBA reported third-quarter results on 30^th November 2021. According to the company reports, the revenue came out to be $92.2 million which is 64 percent. This was more than $56.1 million in the same quarter of fiscal 2021. Moreover, the gross margin for the third quarter of fiscal 2022 was 62.5 percent, compared to 62.0 percent for the same time in fiscal 2021. The GAAP gross margin was 62.4 percent for the nine months ended October 31, 2021. Lastly, for the nine months ended October 31, 2020, GAAP net loss was $47.3 million.

What’s Next?

With the purchase of Oculii, a developer of innovative algorithms for high-resolution imaging radars, AMBA has made another step ahead in the transformation into a deep learning AIoT processing firm. The radar perception market is small, but this deal is crucial because it contributes to Fermi Wang’s long-term objective of providing a more comprehensive AIoT processor to clients.

In addition, the company is happy with the third-quarter performance. The operational execution is solid, but supply dynamics remain challenging to forecast, as component shortages from other firms have become a more substantial and gating element in the performance and outlook.

Acquisition of Oculii by AMBA – What is it?

On 8^th November 2021, AMBA stated that the acquisition of Oculii Corp. had been completed finally. The adaptive AI software algorithms developed by Oculii allow radar detection utilizing current manufacturing radar chips. Moreover, AMBA’s addressable market now includes radar recognition and fusion, AI CV perception SoCs for auto and other IoT endpoint applications, such as mobile robots and security. The combination of Ambarella’s camera technology with Oculii’s radar software stack will result in an all-weather, low-cost, and flexible perceptive solution.

What are AMBA’s opinions?

AMBA is excited to have completed this acquisition so fast. And they are looking forward to combining their employees and technology. Moreover, the two businesses have extremely similar cultures, and Ambarella has become one of the few semiconductor companies. It will develop sophisticated camera and radar technologies in-house. This allows them to give better degrees of awareness to the market than was previously possible.

Golden Minerals Company (AUMN) experienced a decline of 5.98% in the aftermarket. However, the last trading session concluded at $0.41 with an incline of 1.08%.

New Chief Financial Officer Revealed

On 23^rd November 2021, AUMN announced that Julie Weedman is the new chief financial officer of the company. Ms. Weedman has more than 30 years of financial and accounting expertise to Golden Minerals, most recently working as Vice President Finance at Aerospace Contacts LLC. Lastly, she is a very good fit for the company.

Now what?

AUMN welcomes Julie to the team on behalf of Golden Minerals and its board of directors. Julie adds a plethora of mining industry, accounting, and finance expertise to the firm. The company is certain that her proven abilities will be critical as AUMN continues to develop in 2022 and beyond.

Drilling Program by AUMN – What’s new?

On 10^th November 2021, AUMN announced the results of the drilling program. The company reported that it had finished the Rodeo gold-silver mine in Durango, Mexico recently. Rodeo’s drilling efforts in 2021 included 47 RC holes totaling 3,187m and 35 diamond holes totaling 2461m. The diamond drilling program concentrated on investigating various near-mine exploration prospects, whereas the RC drilling program focused on resource growth. The current publication, which includes findings from 21 RC and 6 diamond drill holes, is the third since the drill program began. Wide zones of high-grade gold mineralization have been intersected by drilling, which is surrounded by a vast zone of low-grade, scattered gold and silver mineralization.

So what?

The drill regimen has been really promising. AUMN uncovered a zone of scattered gold-silver mineralization surrounding the high-grade core. Not only this, but the company was able to extend the high-grade mineralization to the north and south of the open pit. Lastly, the company is now studying the data and will update the resource model and mine plan as needed once they know the scope of the probable mineralized material additions.

Third Quarter Results 2021 are out now!

AUMN released third-quarter 2021 results on 4^th November 2021. Mining activities at the Company’s Rodeo gold-silver mine in Mexico generated revenue of $8.5 million and a net operating profit of $4.2 million in the third quarter of 2021. Moreover, the Company generated $2.1 million in revenue from the leasing of its oxide mill in the third quarter of 2020, with a net operating margin of $1.6 million. Lastly, AUMN made a $0.4 million profit, compared to a $1.3 million loss in the same period in 2020.

EMCORE Corporation (EMKR) has seen an increase of 7.19% in aftermarket following the announcement of fourth-quarter results in 2021. However, the last trading session closed at $7.37 with a decrease of 2.25%.

Fiscal 2021 Fourth Quarter Results by EMKR – What’s going on?

EMKR reported fourth-quarter 2021 results on 30^th November 2021. According to the report, the Aerospace and Defense (A&D) section brought in $11.7 million, while the Broadband segment brought in $32.2 million. Moreover, the GAAP and non-GAAP net income were $5.1 million and $6.8 million, respectively. The adjusted EBITDA came in at $7.8 million. Furthermore, the A&D sector contributed $50.8 million to consolidated revenue in FY21, while the Broadband segment contributed $107.6 million. Lastly, the net income was $25.6 million and $24.0 million, respectively.

How was EMKR’s quarter?

Despite challenges from semiconductor shortages and supply chain issues, EMKR achieved record financial results in the fiscal fourth quarter and for the entire fiscal year 2021. In addition, the operating leverage in the company was demonstrated by significant growth from Broadband customers. Revenue increased 44 percent in FY21, gross margin increased to 39 percent, and net income was 16 percent of revenue.

While the global pandemic had an impact on the A&D performance in FY21, the company achieved significant progress in the development and integration of new navigation products, as well as expanding the sales and marketing team. Lastly, EMKR predicts strong growth from this category in FY22, now that the A&D clients are recovering to more typical working situations.

Early Success with Initial Shipments to the U.S. – What’s Next?

On 28^th October 2021, EMKR announced that SDI170 MEMS (Micro-Electromechanical Systems) Tactical Grade Inertial Measurement Unit (IMU) has entered the world of success. The SDI170 IMU has received a lot of excellent feedback from customers.

All of the SDI170’s metrics are within the SDI170’s specification range. Moreover, the company has discovered that the interfaces on the SDI170 are identical to those on the HG1700. In addition, the company is able to use the HG1700’s mechanical connectors, cabling, and data collecting software straight out of the box in the experiments.

So, what?

The company is happy that its customers have indicated that the SDI170 production units have satisfied all of their requirements. EMKR has also completed a thorough internal DVT (Design Verification Testing) of the SDI170 before its release in April 2021. This is done to certify compatibility to substitute legacy goods and meet standards.

Momentus Inc. (MNTS) experienced an increase of 6.68% in aftermarket following the announcement that MNTS is planning to join MSCI Global Small Cap Indexes. However, the last trading session concluded at $6.89 with a decline of 3.5%.

MNTS to join MSCI Global Small Cap Indexes – What’re the updates?

MNTS announced on 30^th November 2021 that the common stock will add to MSCI Global Small Cap Indexes. The MSCI Global Small Cap Indexes cover small companies in over 20 Developed Markets nations. Moreover, the indexes encompass around 14% of each country’s free float-adjusted market capitalization, with 4,419 components.

Now what?

The company will include in the MSCI Small Cap Index, which is a standard for investing institutions. Furthermore, MNTS has made great progress this year towards the aim of delivering space transportation and infrastructure services that will fuel space economic growth. Lastly, the company is looking forward to an optimistic prospect.

Third Quarter 2021 results by MNTS – How was the quarter?

MNTS announced third-quarter results on 9^th November 2021. MNTS states that the product development strategy has been refocused into concrete stages. This will assist lay the groundwork for future growth. The first step is to get the Vigoride car on the market as soon as possible. Moreover, Vigoride 3’s first assembly and system-level functional testing were completed, and a strategy was prepared to rectify any abnormalities. Some components are undergoing remediation and planned rework, and the vehicle will shortly undergo system-level thermal vacuum testing, which is a type of late-stage environmental testing that replicates the conditions in space.

During the testing, the MET has functioned as planned thus far. Furthermore, MNTS fulfilled all of the commitments pertaining to the previously announced $40 million buybacks of co-founders’ shares. Also, SEC Enforcement agreed to settle all remaining claims. Last but not least, MNTS hired an independent compliance consultant after the quarter ended, as required by the settlement agreement.

What’s up?

MNTS has made significant progress towards the objective of offering transportation and infrastructure services. This will enable individuals, enterprises, and industries to use space in exciting new ways during the third quarter.