STOCKS TELEGRAPH

Author: Mustafa Bin Tariq

  • Cricut Inc (CRCT) stock nosedived in the after-market. Here’s the reason

    Cricut Inc (CRCT) stock nosedived in the after-market. Here’s the reason

    The stock of Cricut Inc (CRCT) closed the regular trading session at $13.94, losing 0.5% from the previous trading session. On the last check, the stock of CRCT further remained bearish in the after-market, losing 29.77% to $9.79. Cricut Inc reported the fiscal performance for Q4 and FY2021. The company also filed form 8-K with the SEC for reporting the fiscal performance.

    CRCT Financials of Q4

    On 8 March 2022, CRCT reported the fiscal performance for Q4 of FY21, which concluded on 31 December 2021. The company had total sales of $387.8 million in Q4 of FY21 versus $370.9 million in Q4 of FY22. The total sales saw a growth of 4.5% in the final quarter.

    Further, CRCT’s profit was reduced by 15.9% to $104.8 million in Q4 of FY21 against $124.7 million in the corresponding period of last year.

    Moreover, the company had a total income of $11.9 million in Q4 of FY21 compared to $61.4 million in the same year-ago period. The total income saw a decline of 80.5%.

    Also, Cricut Inc had an EPS of $0.05 in Q4 of FY21 versus $0.30 in the last quarter of FY20. The EPS reduced by 83.3%.

    CRCT Financials for FY2021

    Cricut Inc (CRCT) also reported the fiscal performance for FY2021. The company had total sales of $1.3 billion in Q4 of FY21 versus $959.03 million in Q4 of FY20. The total sales saw a growth of 36.2% in the final quarter.

    Also, CRCT’s profit expanded by 37.6% to $457.4 million in Q4 of FY21 against $332.3 million in the corresponding period of last year.

    Moreover, the company had a total income of $140.4 million in FY21 compared to $154.5 million in FY20. The total income saw a decline of 9.1%.

    Also, Cricut Inc had an EPS of $0.64 in FY21 versus $0.74 in FY20. The EPS was reduced by 13.5%.

    CEO Remarks

    The CEO of CRCT, Ashish Arora, commented that this was an astonishing year for them. They developed the business to $1.3 billion in income, up 36% more than 2020. Moreover, Mr. Arora concluded that as they move in 2022, their solid spotlight on development focuses on client commitment and adaptation for the time being.

  • Fluent Inc (FLNT) stock is soaring in the after-market. Here’s why

    Fluent Inc (FLNT) stock is soaring in the after-market. Here’s why

    On 8 March 2022, Fluent Inc (FLNT) released the fiscal performance for Q4 and FY2021. The stock of Fluent Inc (FLNT) closed the regular trading session at $1.48, 1.99% less than the previous trading session. During the last check, the stock of FLNT gained 18.24% to $1.75 in the after-market. The company also filed form 8-K with the SEC on 8 March 2022.

    Fluent Inc participates in the arrangement of advanced marketing administrations. The company’s essential action incorporates securing administrations by computerized advertising efforts. With a market capitalization of $114.85 million and 78.95 million, FLNT headquarter is in New York, United States of America (USA).

    FLNT Financials of Q4

    Fluent Inc (FLNT) published the fiscal performance of Q4, which concluded on 31 December 2021. The company reported the total sales of $99.8 million in Q4 of FY21 versus $81.9 million in the same year-ago period. The total sales expanded by 21.7%.

    Further, FLNT had a total income of $3.8 million in Q4 of FY21 compared to $0.17 million in the corresponding period of last year. The total income grew massively in the last quarter of FY2021.

    Moreover, the company had an EPS of $0.05 in Q4 of FY2021 versus $0 in Q4 of FY2020. The EPS grew by 5% in Q4 of FY2021.

    Also, the adjusted EBITDA for FLNT in Q4 of FY2021 was reduced by 8.2% to $10.2 million against $11.1 million in Q4 of FY2020.

    Financials of FY2021

    Fluent Inc (FLNT) also published the fiscal performance for FY2021. The company had total sales of $329.2 million in FY2021 compared to $310.7 million in FY2020. The sales in FY2021 increased by 5.9%.

    Fluent Inc (FLNT) incurred a total loss of $10.05 million in FY2021 against the total income of $2.2 million in FY2020.

    Further, FLNT had a loss of $0.13 per stock in FY2021 compared to the EPS of $0.03 in FY2020.

    CEO Remarks

    The CEO of FLNT, Donald Patrick, said that their outcomes for the Q4 and FY2021 mirror the progress they are making towards the essential change of their business. He further added that they are upgrading Fluent’s image value with their client accomplices. They are also structuring an incentive for their partners.

  • Ontrak Inc (OTRK) stock plunged in the after-market. Here’s why

    Ontrak Inc (OTRK) stock plunged in the after-market. Here’s why

    The stock of Ontrak Inc (OTRK) closed the recent trading session at $2.54, gaining 9.96% from the previous trading session. On the last check, the stock of OTRK followed a bearish trend in the after-market, losing 27.17% to $1.85. The company released the fiscal performance for Q4 and FY2021. OTRK also filed form 8-K with the SEC for the release of fiscal performance.

    OTRK Financials

    On 8 March 2022, the company released the financial performance of Q4 and FY2021, which concluded on 31 December 2021. The highlights of the fiscal performance are

    • Ontrak’s total sales for Q4 of FY21 were reduced by 64.6% to $10.3 million versus $29.2 million in Q4 of FY20. Also, the total sales in FY2021 grew by 1.56% to $84.1 million compared to $82.8 million in FY2020.
    • Moreover, the company’s profit saw a decline of 60.5% to $6.2 million in Q4 of FY21 against $15.8 million in the same year-ago period. Also, the profit in FY2021 saw a growth of 34.8% to $52.9 million compared to $39.2 million in FY2020.
    • OTRK had a total loss of $20.05 million in Q4 of FY21 versus $3.2 million in Q4 of FY20. The total loss in Q4 of FY21 saw an increase of 520.0%. Also, the total loss in FY2021 expanded by 63.5% to $37.1 million against $22.7 million in FY2020.
    • Further, the loss of $1.12 and $2.47 in Q4 and FY2021, respectively.

    CEO Remarks

    The CEO of Ontrak Inc (OTRK), Jonathan Mayhew, commented that they tracked down critical ways of setting up the firm for accelerated improvement and advantage during the last quarter of 2021. He further added that they have started the execution of their AI-improved clinical model, which will incorporate their wellbeing treatment network.

    FY2022 stance

    Ontrak Inc (OTRK) estimates the revenue for FY2022 to be between $25 million and $30 million.

    About OTRK

    Ontrak Inc gives information examination based on social wellbeing to the board and incorporated treatment administrations into wellbeing plans. The company has a market cap of $52.55 million with 20.69 million pending shares. OTRK has its base in Santa Monica, California, United States of America (USA).

  • MongoDB Inc (MDB) stock is gaining in the after-market. Here’s why

    MongoDB Inc (MDB) stock is gaining in the after-market. Here’s why

    The stock of MongoDB Inc (MDB) closed the recent trading session at $281.74, gaining 0.63% from the previous trading session. On the last check, the stock of MDB remained bullish in the after-market, gaining 9.67% to $308.98. The company disclosed the fiscal performance for Q4 and FY2022. MongoDB also filed form 8-K with the SEC for the disclosure of fiscal performance.

    MongoDB Inc is a software organization that creates and offers business help for the source-accessible information base MongoDB. It is a NoSQL data set that stores information in JSON-like archives with adaptable schemas. The company has a market capitalization of $18.81 billion and 66.75 million shares pending. MDB headquarters in New York, United States of America (USA).

    MDB Financials

    On 8 March 2022, MongoDB declared the fiscal performance for Q4 and FY2022, which concluded on 31 January 2022. The key financials of the company are

    • The total sales for MDB in Q4 of FY2022 expanded by 55.8% to $266.4 million versus $170.9 million in the same year-ago period. Also, the total sales of FY2022 grew by 48% to $873.7 million against $590.3 million in FY2021.
    • The company had a profit of $190.6 million in Q4 of FY22 compared to $120.01 million in the same period last year. This marks an increase of 58.8%. Moreover, the profit in FY22 expanded by 48.6% to $614.2 million from $413.3 million in FY21.
    • MDB reported a total loss of $84.4 million in Q4 of FY22 versus $75.8 million in Q4 of FY21, marking an increase of 11.4%. Further, the total loss in FY2022 was $306.8 million in comparison to $266.9 million in FY2021. This marks a growth of 14.9% in the total loss.
    • Moreover, the company had a loss of $1.26 and $4.75 per stock in Q4 and FY22, respectively.

    The CEO of MongoDB (MDB), Dev Ittycheria, commented that MongoDB conveyed remarkable final quarter results. Further, MR. Ittycheria concluded that they enter FY2023 having laid out MongoDB as the main application stage used to construct new and modernize applications.

    FY2023 stance

    MongoDB (MDB) estimates the revenue for the Q1 of the fiscal year 2023 to be in the range of $263 million and $267 million. Also, the company estimates the revenue for FY2023 to be in the range of $1.15 billion and $1.18 billion.

  • Nine Energy Service Inc (NINE) stock soared in the pre-market. Here’s why

    Nine Energy Service Inc (NINE) stock soared in the pre-market. Here’s why

    The stock of Nine Energy Service Inc (NINE) closed the recent trading session at $3.59, gaining 99.44% from the previous trading session. The stock of NINE remained bullish in the pre-market, after the announcement of financial performance for Q4 and FY2021. NINE stock gained 46.52% to $5.26 in the pre-market. The firm also filed form 8-k with the SEC on 7 March 2022.

    Financials

    On 7 March 2022, NINE released the fiscal performance for Q4 and FY21, which concluded on 31 December 2021. The key highlights of the fiscal performance are

    • NINE had total sales of $105.09 million in Q4 of FY2021 versus $92.8 million in the same period last year. This marks an increase of 13.1%. Also, the total sales in FY2021 expanded by 12.4% to $349.4 against $310.8 million in FY2020.
    • Further, the company had a total loss of $15.7 million in Q4 of FY2021 versus $16.05 million in Q4 of FY2020. The total loss shrunk by 1.8%. Also, the total loss in FY2021 was reduced by 82.9% to $64.5 million from $378.9 million in FY2020.
    • NINE reported a loss of $0.52 and $2.13 per stock in Q4 and FY2021, respectively.

    The CEO of Nine Energy Service Inc (NINE), Ann Fox, stated that they beat their Q4 income direction. This is because of solid exhibitions in both cementing and completion instruments. She further added that notwithstanding troublesome economic situations in 2021, they had the option to more readily situate themselves more to benefit from what appears to be a development climate for the close to medium term.

    Moreover, MS. Fox concluded that they stay astoundingly confident exploring 2022 and 2023 and expect North American capital spending will increase by 20% in 2022.

    About NINE

    Nine Energy Service Inc works as an oilfield administrations organization, which participates in the arrangement of complete solutions. The firm gives cementing administrations, that comprise of mixing concrete and water with different strengths and liquid substances. The company has a market cap of $117.86 million with 32.83 million pending shares.

  • 908 Devices Inc (MASS) stock is soaring in the after-market. Here’s why

    The stock of 908 Devices Inc (MASS) closed the recent trading session at $15.54, losing 1.96% from the previous trading session. During the last check, the stock of MASS followed a bullish pattern in the after-hours, gaining 6.82% to $16.6. The company released the fiscal performance for Q4 and FY2021. Also, MASS filed form 8-K with the SEC on 7 March 2022.

    908 Devices Inc participates in the advancement of estimation gadgets for synthetic and biochemical analysis. MASS spec gadgets provide solutions to resolve issues in life sciences research, bioprocessing, modern biotechnology, crime scene investigation, and adjoining markets. Currently, MASS has a market capitalization of $433.57 million with 27.90 million shares pending. 908 devices have their headquarter in Boston, Massachusetts, United States of America (USA).

    MASS Financials

    On 7 March 2022, MASS released the fiscal performance for Q4 and FY2021, which ended on 31 December 2021. The main points of the fiscal performance are

    • The company reported total sales to be $15.5 million in Q4 of FY2021 versus $5.91 million in Q4 of FY2020. This marks an expansion of 163%. Also, the total sales in FY2021 grew by 66% to $41.1 million compared to $24.7 million in FY2020.
    • The profit increased by 254.1% to $9.1 million in Q4 of FY2021 against $2.5 million in Q4 of FY2020. Further, the profit in FY2021 surged by 55% to $23.2 million from $14.9 million in FY2020.
    • MASS had a total loss of $3.4 million in Q4 of FY2021 against $10.2 million in the same year-ago period. The total loss was reduced by 66.6%. Moreover, the total loss in FY2021 grew by 72.9% to $22.1 million versus $12.8 million in FY2020.
    • Further, the loss of $0.12 and $0.79 per stock in Q4 and FY2021, respectively.

    The CEO of MASS, Kevin J. Knopp, commented that 2021 was a critical year for them. He further added that the firm showed operational greatness during the first year as a public organization. Moreover, Mr. Knopp concluded that they are well situated to serve the need for analytics.

  • Owlet Inc (OWLT) stock plunged in after-market. Here’s why

    The stock of Owlet Inc (OWLT) closed the recent trading session at $ 2.47, with no change from the previous trading session. On the last check, the stock of OWLT followed a bearish pattern in the after-hours, losing 17% to $2.05. OWLT stock kept oscillating between $2.48 and $2.80. The company declared the fiscal performance for Q4 and FY2021. Owlet also filed forms 8-K and 424B3 on 7 March 2022.

    OWLT Financials

    Owlet Inc declared the fiscal performance for Q4 and FY2021 on 7 March 2022. The key financials of the company are

    • The sales of OWLT reduced by 88% in Q4 of FY21 to $2.5 million versus $21 million in the corresponding period of FY20. Also, the sales grew by 0.5% in FY2021 to $75.8 million compared to $75.4 million in FY2020.
    • OWLT had a profit of $6 million in Q4 of FY2021 against $10.2 million in Q4 of FY2020. This marks a reduction of 41.1%. Moreover, the profit for FY2021 was reported to be $35.1 million against $35.9 million. This marks a decrease of 2.2%.
    • The company had a total loss of $24.1 million in Q4 of FY21 versus $5.8 million in FY20. A growth of 313.7% in the total loss. Further, the total loss in FY2021 expanded by 582.8% to $71.7 against $10.5 million in FY2020.
    • Further, the loss of $0.22 and $1.13 per stock in Q4 and FY2021, respectively.

    CEO Remarks

    The CEO of Owlet Inc (OWLT), Kurt Workman, commented that their organization has made a phenomenal appearance bringing the new Dream Sock and Dream Duo to promote in the US market. He further added that they have a thrilling product guide, and they move ahead in their endeavors toward clinical gadget accommodation.

    Further, Mr. Workman concluded that they remain secure to their central goal and the tremendous chance to assist with extending care at home and authorize parents.

    About OWLT

    Owlet Inc is working in the health care equipment industry. The organization is giving child wellbeing monitoring items to the parents. Moreover, the Owlet Smart Sock child screen utilizes pulse oximetry innovation to follow a child’s pulse, oxygen levels, and sleep patterns. OWLT has its base in Los Angeles, California, United States of America (USA).

  • ThredUp Inc (TDUP) stock is losing in the after-market. Here’s why

    The stock of ThredUp Inc (TDUP) closed the regular trading session at $7.55, gaining 7.55% from the previous trading session. On the last check, the stock of TDUP nosedived in the after-market, losing 11.26% to $6.69. The company released the fiscal performance for Q4 and FY21. TDUP also filed for form 8-K with the SEC on 7 March 2022. Form 8-K was filed to release the fiscal performance.

    thredUP is the world’s biggest fashion resale stage, rousing the new age to think secondhand initially. The organization has gone through 10 years of reexamining resale, constructing a commercial center and foundation currently ready to drive the $50B resale economy. A large number of purchasers use thredUP as the simplest method for selling their garments and shop more than 35,000 brands at up to 90% off on the web, in stores, or through “try before-you-purchase”. Currently, the company has a market capitalization of $736.05 million with 97.49 million pending shares. TDUP has its headquarter in Oakland, California, United States of America (USA).

    TDUP Financials

    thredUP released the fiscal performance for Q4 and FY2021 on 7 March 2022. The highlights of the fiscal performance are

    • The sales in Q4 of FY2021 expanded by 67.7% to $72.8 million from $43.4 million in the same period last year. Also, the sales for FY2021 grew by 35.3% to $251.7 million versus $186.01 million in FY2020.
    • TDUP has a profit of $48.1 million in Q4 of FY2021 versus $29.7 million in Q4 of FY2020. This marks an increase of 62%. Also, the profit for FY2021 expanded by 39% to $178.1 million against $128.1 million in FY2020.
    • The company had a loss of $17.9 million in Q4 of FY21 against $17.0 million in Q4 of FY20. Also, the loss in FY2021 grew by 31.9% to $63.1 million compared to $47.8 million in FY2020.
    • The loss of $0.18 and $0.82 per stock in Q4 and FY2021, respectively.

    The CEO of ThredUP (TDUP), James Reinhart, commented that they finished their first year as a public organization with one more quarter of solid fiscal performance. He further added that they anticipate that their investment along with the frame will empower them for future sales over the Internet, in 2022.

  • Farmmi Inc (FAMI) stock plunged in the pre-market. Here’s why

    The stock of Farmmi Inc (FAMI) closed the recent trading session at $0.1652, losing 4.73% from the previous trading session. On the last check, the stock remained bearish in the pre-market, losing 9.2% to $0.15. The stock kept moving between $0.16 and $0.18. The company reported the closing of a private placement. FAMI also filed form 6-K with SEC on 2 March 2022.

    Farmmi Inc is an organization that cycles and sells agrarian items. It develops and showcases shiitake and wood ear mushrooms and other consumable fungi items. These include bamboo growths, chestnut mushroom, trumpet royale, and lion’s mane mushroom. Further, the firm has a market capitalization of $92.15 million with 557.78 million pending shares. FAMI has its headquarter in Lishui, Zhejiang, China.

    FAMI News

    On 2 March 2022, FAMI declared the closing of its private placement agreement. The firm acquired the total amount of $6 million by selling 30 million common shares of the company. Further, the price of each stock was $0.20.

    Also, on 1 March 2022, FAMI declared to export the recent order of Shiitake mushrooms to the United States of America (USA). The CEO of FAMI, Yefang Zhang, stated that this is one more pleasant win for their sales group, as they influence their image and inventory network to catch extra learning experiences in key business sectors around the world. She added that the U.S. addresses a significant market, where purchasers have been willing to join fungi into their eating regimens and ways of life. Moreover, Ms. Zhang concluded that they see more space to run in the U.S, as they work to decisively build the volume and size of the orders.

    Financials

    FAMI published the fiscal performance for FY2021. The highlights of fiscal performance are

    • The total sales in FY2021 expanded by 38.54% to $39.29 from $28.36 in FY2020.
    • The company had a profit of $5.11 million in FY2021 versus $4.65 million in FY2020. Moreover, this marks an increase of 9.8%.
    • The EPS of 0.02 in FY2021 compared to $0.07 in FY2020.

  • Nordic American Tankers Limited (NAT) stock is soaring in the pre-market. Here’s why

    The stock of Nordic American Tankers Limited (NAT) closed the recent trading session at $2.27, a gain of 2.25% from the previous trading day. On the last check, NAT stock remained bullish in the pre-market, gaining 8.37% to $2.46. The firm issued a letter to its investor on 4 March 2022. The letter talks about the sale of one more vessel. Also, the company filed form 6-K with the SEC on 28 February 2022.

    NAT News

    Nordic American Tankers Limited (NAT) issued a letter to its investors that talks about the sale of the vessel. The letter stated that NAT instructed the investor concerning their essential proceeds to change their fleet, on 28 July 2021. The company sold “Nordic Sirius” and “Nordic Mistral” in October 2021 and February 2022, respectively. NAT declared to trade one more vessel built-in 2002, to a respectable purchaser. Also, the new proprietors will get them before March concludes. The deals pay off the NAT obligation. In the current unstable times, NAT has advanced its situation through the previously mentioned exchanges. The cost for NAT is about $15 million for every vessel.

    This message represents a bustling NAT period. The financing of two new buildings is in order which is assessed to be $90 million. A key and significant exchange including Oman has concurred. Deals of three vessels have been finished up which is assessed to be $45 million.

    Financials

    Moreover, On 25 February 2022, NAT published the fiscal performance for Q4 and FY21. The main points are

    • The total sales in Q4 of FY21 expanded by 38.8% to $22.6 million versus $16.2 million in Q4 of FY2020. Also, the sales for FY2021 declined by 71% to $67.4 million from $233.5 million in FY2020.
    • The total loss of $21.04 million in Q4 of FY2021 versus $28.6 million in the same period last year. This marks a decrease of 26.5%. Also, the total loss in FY2021 was $119.4 million against the total income of $50.3 million in FY2020.
    • Moreover, loss of $0.12 and $0.73 per stock in Q4 and FY2021, respectively.