STOCKS TELEGRAPH

Author: ST Staff

  • HEXO Corp. (HEXO) surged today; Let’s find out why

    The price of HEXO Corp. (NYSE: HEXO) soared today by a percentage of 3.47% to the current price of $7.76. Previously the market closed at $7.5.Investors are always on the lookout for companies that have the potential to get a beat on earnings season. HEXO stock is one of those companies.

    HEXO Corp is an innovative CBD product company

    HEXO Corp is a Cannabis company that has also won a consumer award for its packaged goods. The company brings new products to serve the global cannabis market. This Global cannabis market is specifically for the adult-use for which the HEXO Corp. supplies through its retail name UP cannabis, Original Stash brands, and HEXO medical cannabis.

    HEXO Corp combines acquisition news announcement with timely product launch

    HEXO achieved a positive adjusted EBITDA right in this quarter. This is the seventh consecutive achievement of EBITDA improvement by HEXO Corp. HEXO stock has had a premium product mix due to the relaunch of UP Cannabis. Similar to UP Cannabis, HEXO Corp. has announced recently to acquire Zenabis which is sure to boost the growth of the HEXO Corp.m internationally.

    By acquiring Zenabis, it will put the corporation in the top three Canadian adult-use Cannabis sales.

    HEXO Corp’s outstanding interim quarterly report

    Let us look at the Interim quarterly financial results.

    HEXO made an astounding 94% increase in its net revenue compared to its previous year. The increase amounts to a $32.8 million which is 12% improvement from its previous quarter.

    The company has recently launched CBD beverages in Colorado which are specifically labeled as “powered by HEXO”. The non-beverage Canadian Adult-use revenue increased by 72% compared to the prior year quarter.

    HEXO Corp.’s fundamentals are outperforming its own previous records. The HEXO stock has been constant winner in keeping its 1st position for market share in Quebec. The packaged goods cannabis business has been delivering increased sales revenue in the rest of the Canada by 49%.

    Furthermore, HEXO stocks news also brings up the positive announcement of complete dismissal of class action suit. The federal US securities class action was pending in the US district court.

    HEXO’s success is unhampered by the pandemic

    The plethora of positive news about the company’s operation does not stop here. Another interesting thing claimed by HEXO is that due to the company’s success, it has never opted for stimulus and subsidy package from the Canadian Government. This is an impressive feat because it means that whatever cash and cash-related operational flow it has recorded is one that is un-stimulated by the government unlike that of its competitors.

    The fundamental performance of the company suggests that it is one of the prime Canadian cannabis companies. The recent acquisition of Zenabis global shows that HEXO stock is ambitiously expanding and will continue to do so with the current pace of its performance.

  • BioHiTech Global Inc. (BHTG) stock soared today and we know why

    BioHiTech Global Inc. (BHTG) stock soared today and we know why

    The BioHiTech Global Inc. (NASDAQ: BHTG) stock price soars in the current trading session by 23.40%.

    BioHiTech(BHTG) combines business analytics and green solutions

    BioHiTech Global Inc. (BHTG) is a company that focuses on providing solutions for positive environmental outcome through technology services. The company also has a special patented technology service specifically for solid waste management. This includes conversion of solid waste into biodegradable and renewable fuel, composting of organic waste, and analytical tools for food waste reduction. Essentially what makes its services effective is the ultimate reduction of carbon footprint through a reduction in waste transport and reduce landfill usage.

    BioHiTech(BHTG) expands its operations with Carnival Corp.

    The news that comes adjacent to the increase in the premarket stock price is the announcement by BHTG for its expansion of its relationship with Carnival Corporation. This expansion comes in the form of an agreement to commit to the provision of the company’s technology services to new brands in an extended region. BHTG expects to fulfill these orders by the second and third quarter of 2021.

    BHTG’s unique product solution known as Revolution Series (RS) food digesters received purchase orders of approximately $1.8 million. RS are equipped with BHTG’s latest data analytics platform which consists of the company’s overall-past information to analyze the weight, size, and quantity of food waste that is digested. Furthermore, the Revolution Series also calculates the net food waste and carbon footprint reduction.

    Carnival has given more than an $8.4 million purchase order which includes the installation of bio-digesters onboard cruise ships. These cruise ships come under the umbrella of Carnival. The company provides its waste disposal services for large ships and sea vessels. BHTG has received service acquisition orders for 15 more ships which include 2 UK-based and 4 Italy-based cruisers.

    2021 is the year of green business and solutions

    Overall this is positive news for the expansion of the fundamental operations of the waste solution technology company. This year, companies and businesses are more focused towards green and clean energy-essentially aiming to leave a lesser carbon footprint. This green change in the business environment is going to positively affect the growth of BHTG’s stock and operations.

  • Aurora Mobile Limited (JG) stock rises today: Things You need to know

    Aurora Mobile Limited (JG) stock rises today: Things You need to know

    Aurora Mobile Limited (JG) announced its fourth quarter and fiscal year 2020 unaudited results after which added hype in the JG stock price as it was pushed by 5.55% to reach $6.83 a share as of this writing. Aurora stock was green with a 5.55% gain and a $6.28 per share price at the previous closing. So what you need to know now?

    Fourth-quarter financial results of 2020

    • Aurora stock recorded RMB76.6 million revenue from the SAAS business with 17% YoY and quarter over quarter increase while its RMB106.0 million overall revenue decreased by 42% YoY and 2% quarter over quarter.
    • Gross profit for SAAS business surged to RMB58.7 million with a 28% increase over the year and 20% increase quarter over quarter while the overall gross profit was RMB60.1 million with a 0.5% decrease over the year.
    • Gross Margin for SAAS business was 76.6% as compared to 70.3% in the same tenure of the previous year.
    • Operating expenses have shown a 3% increase over the year to reach RMB106.5 million for the whole business.
    • Net loss reached RMB89.9 million in the fourth quarter of 2020 as compared to RMB40.2 million in the same period in 2019.
    • Adjusted net loss in the fourth quarter was RMB29.4 million as compared to RMB20.9 million in the same quarter of the previous year while adjusted EBITDA was negative RMB17.1 million as compared to negative RMB8.8 million in the fourth quarter of 2019.

    The fiscal Year 2020 Results:

    • For SAAS business, JG stock generated RMB258.0 million revenue with a 21% increase over the year while overall business revenue decreased by 48% to drop RMB471.6 million over the year.
    • Gross profit for SAAS business of JG stock surged to RMB194.7 with a 24% increase over the year while the overall gross profit was RMB206.2 million with a 0.5% decrease over the year.
    • Operating expenses have shown a 2% decrease over the year to dropRMB396.0 million for the whole business.
    • Net loss surged RMB225.1 million in  2020 as compared to RMB109.8 million in 2019
    • The adjusted net loss in 2020 was RMB141.6 million as compared to RMB73.6 million in the previous year while adjusted EBITDA was negative RMB87.7million as compared to negative RMB29.7million in 2019.

    Conclusion

    The Aurora stock is rising today despite a decrease in overall business revenue reported in its earnings result. However JG stock has shown much growth in the quarterly and yearly revenue of its SAAS business. Aurora has launched many heavy-weight products in 2020 and completely transitioned its business to the SaaS model. JG stock is growing with time owing to its recent developments which also include a partnership with BitDeer, the world’s largest crypto mining platform. Hence JG can be a good bet for investors in the future.

  • Luokung Technology Corp. (LKCO) stock climbing high in pre-market trading. What’s going on?

    Luokung Technology Corp. (LKCO) stock climbing high in pre-market trading. What’s going on?

    Luokung Technology Corp. (LKCO) announced the closing of the acquisition of eMapgoTechnologies Co., Ltd after which the shares of LKCO stock were popping high in Wednesday’s open market and today’s pre-market. At the previous closing, the LKCO stock was up by 5.48% with a $1.54 per share price while in today’s pre-market, LKCO stock saw a push of 7.14% to reach $1.65 a share at the time of this writing. Luokung stock has been very much in the news for the past few weeks. Let’s look into some recent events of LKCO stock.

    What’s happening?

    Luokung Technology Corp. (LKCO) is the leading developer of mobile application products and location-based service providers in China.LKCO stock is a hot topic among investors for the past few weeks due to various announcements by the company.LKCO has recently closed on the acquisition of  100% equity interest to become the holder of eMapgo Technologies, which provides navigation and e-map services in China. This closing will benefit LKCO in technological advancements especially in the autonomous field, electric vehicles, smart cities, and intelligent transportation.

    In the previous week, LKCO announced the confirmation letter that says trading of LKCO shares will not be restricted until May 8, 2021, and divestment will be permitted through MARCH 9, 2022. Previously the LKCO stock announced the filing of a motion for Temporary Restraining order with its two U.S shareholders in response to the allegations made by the Department of Defence that Luokung is the Communist Chinese military company and imposed restrictions under Executive Order 13959 which was signed by the former president Trump.

    In February LKCO registered direct offerings of 48,076,923 ordinary shares and warrants of 19,230,768 ordinary shares at a $2.08 combined purchase price.$10,000,000 gross proceeds were estimated while $2.38 exercise price of warrants had been declared with three years validity from the issuance date.

    Conclusion

    The penny LKCO stock is continuing the rising trend in the pre-market as of now. Looking management is optimistic to expand its network and get a competitive advantage due to the recent closing of the acquisition. Hence long-term investors should keep an eye on this stock.

  • Bsquare Corporation (BSQR) stock has been performing well, here’s why

    Bsquare Corporation (BSQR) stock has been performing well, here’s why

    Bsquare Corporation (BSQR) stock has gone up by 1.54% on 17th March and closed at $5.26 as compared to $5.18 a day prior. The company is yet to announce its fourth-quarter earnings and is scheduled to be announced after the closing of the regular market on 18th March 2021.

    About Bsquare Corporation

    Bsquare Corporation is a U.S.-based system integrator, software provider, and technology distributor. Bsquare provides software-based solutions and other related services to companies and businesses that market, sell and develop standalone intelligent systems. Bsquare focuses itself on devices that uses various operating systems like Microsoft Windows as well as other famous operating systems such as Linux and Android. Bsquare serves customers globally and its customers include silicon vendors, corporate enterprises, original design, equipment manufacturers, and peripheral vendors. Bsquare helps power intelligent next-generation devices and the systems they operate in. Bsquare has a firm belief that the promise of the Internet of Things (IoT) will only be realized by developing intelligent systems and devices that are cloud-enabled, operate securely at scale, and contribute data. Bsquare’s services allows its customers to generate new revenue streams and operating models at the same time opening up new opportunities for improving operations and lowering costs.

    Financial performance of Bsquare Corporation

    Bsquare has generated an astonishing 522% return in one year only. The shareholders of BSQR stock are celebrating an even better and bigger rise of 594% in over the time period of 3 months prior to February 2021. In the previous year, Bsquare Corporation saw a decrease of 15% in its revenue. But this pales in comparison to the glorious BSQR stock price that soared 522% in one year. Bsquare are yet to announce their fourth-quarter earning but their third-quarter earnings were nothing short of impressive. Bsquare reported a loss of $0.01 per share in their third quarter in comparison to the $0.08 per share loss of the second quarter of 2020. Their revenue for the third quarter of 2020 was $10.4 million, which is $1.5 million more than that of the second quarter of the same year. The increase in revenue was due to the rise in sales of Bsquare’s Partner solution segment and the surged service revenue in the Edge-to-cloud segment.

  • Here is the all latest news about Vericel Corp (VCEL) Stock

    Here is the all latest news about Vericel Corp (VCEL) Stock

    Vericel Corp (VCEL) stock price on Wednesday remains upward. The VCEL stock gained 2.99% in the normal trading session and gained 11.09% more in the after-hours session.

    Let us see what’s the latest news about Vericel Corp.

    VCEL Set to Join S&P SmallCap 600

    VCEL is going to replace QEP Resources Inc. (NYSE: QEP)in the S&P SmallCap 600 from Monday, March 22, 2021. QEP Resources has been acquired by Diamondback Energy Inc. in a transaction that closed on March 17.

    Participation in Oppenheimer 31st Annual Healthcare Conference

    VCEL participated virtually in Oppenheimer 31st Annual Healthcare Conference on March 17, 2021. VCEL Stock was represented by President and CEONick Colangelo.

    Participation in H.C. Wainwright Virtual Global Life Sciences Conference

    VCEL was virtually present in H.C. Wainwright Virtual Global Life Sciences Conference which held on March 9 2021. Vericel overview was presented by Joe Mara, Chief Financial Officer.

    VECL announced the Q4 and full-year 2020 ended December 31, 2020result on February 24, 2021.

    Q4 Financial Highlights

    • Total net revenue for the quarter was $45.2 million, compared to $39.4 million in the fourth quarter of 2019.
      VCEL gross profit for Q4 was $33.6 millioncompared to $28.8 million in Q4 2019.
    • Total operating expenseswere $21.4 millioncompared to $19.6 million for the same period in 2019.
    • VCEL Net income was $12.2 million, or $0.25 per share, compared to $9.5 million, or $0.20 per share, for Q4 in 2019.
    • Non-GAAP adjusted EBITDA was $16.0 million for Q4 2020.
    • Full-Year 2020 Highlights
    • VCEL total net revenue was $124.2 million for the year 2020, compared to $117.9 million in 2019.
    • Gross profit for the full year was $84.2 millioncompared to $80.3 million in the prior year.
    • VCEL spent  $81.9 million inoperating expenses for the full year 2020, compared to $91.5 million for the previous year.
    • Net income for the year ended December 31, 2020, was $2.9 million, or $0.06 per share, compared to a net loss of $9.7 million, or $0.22 per share, in 2019.
    • Non-GAAP adjusted EBITDA was $18.6 million, compared to $21.2 million in the prior year.
    • Vericel ‎had no debt and has $100 million in cash and investments as of December 31, 2020, compared to $79 million as of December 31, 2019.

    Financial Outlook for 2021

    • VCEL is expecting net revenue of $161 million to $164 million for 2021
    • Vericel ‎is expecting gross margin to be around 71% and Adjusted EBITDA to be 21-23%
  • Williams-Sonoma, Inc (WSM) Stock shares went up after strong financial results announced

    Williams-Sonoma, Inc (WSM) Stock shares went up after strong financial results announced

    Williams-Sonoma, Inc (WSM) announced its financial results for the fourth fiscal quarter and fiscal year 2020, ended January 31, 2021, on Wednesday, March 17, 2021, which improved its stock position in the after-market session. WSM gained 12.34% in the extended trading after going down 1.52% early on Wednesday.

    Let’s see what their financial achievements are

    Fourth-quarter highlights

    • Williams-Sonoma generated $2.293 billion of revenue for the fourth quarter compared to $1.844 Billion in the same quarter last year.
    • THE WSM spent $ 563,137 selling, general and administrative expenses in Q4.
    • WSM’s operating income was$402,087in Q4.
    • WSM’s net earnings were $308,995.
    • Earning per share was $4.04 for basic and $3.92 for diluted in Q4.

    Fiscal year highlights

    • Net revenue for full-year 2020 was $6.78 billion
    • WSM had a gross profit of $2.636 billion.
    • It spent $1.725 billion in SG&A expenses in full year.
    • It had a Net income of $680,714.
    • Earnings per share were $8.81 for basic and $8.61 for diluted for the year 2020.
    • The WSM had cash and cash equivalents of $2.4 billion at the end of the year.

     Launch of a new tabletop collection

    On March 16, 2021, WSM launched a new tabletop collection, Gwendolyn, in partnership with Trisha Yearwood.

    The new brand will offer dinnerware and serving pieces that are influenced by hand drawings of wedding cakes by Trisha’s mother. The new Gwendolyn tabletop collection is designed and fabricated in collaboration with Trisha bringing uniqueness to each piece. The new collection will enhance the WSM high-quality product line for the kitchen and home.

    About the WSM

    Williams-Sonoma, Inc. is an American publicly traded consumer retail company that sells kitchen-wares and home furnishings. It is headquartered in San Francisco, California, United States. Chuck Williams was the founder of WSM and it started its business in 1956. Now it is a multi-channel specialty retailer of high-quality products for the home and is one of the United States’ largest e-commerce retailers with some of the best known and most beloved brands in home furnishings. WSM Stock currently operates retail stores in the United States, Canada, Puerto Rico, Australia, and the United Kingdom.

  • EVOL stock price went up significantly after financial results reported

    EVOL stock price went up significantly after financial results reported

    Evolving Systems Inc. (EVOL) stock surged in the after-market session on Wednesday, March 17, 2021, after EVOL stock announced its financial results for the fourth quarter and full-year ended December 31, 2020. The EVOL stock raised 24.92% in the extended trading session.

    Fourth-quarter Results

    • The EVOL total revenue was $7.0 million in the fourth quarter ended December 31, 2020.
    • Operating income of $0.5 million and net income of $0.6 million for the fourth quarter were reported.
    • The EVOL spent $4.1 million in operating expenses for the reported quarter.

    Full-year Results

    • EVOL revenue was $26.4 million for the entire year ended December 31, 2020
    • Gross profit margins for the entire year were 66.5%, excluding depreciation and amortization,
    • The Evolving Systems spent $16.5 million for the year ended December 31, 2020
    • For both primary and diluted shares, netearnings per share were $0.05 for the reported year.
    • EVOL made an operating profit of $1.0 million and net income of $0.6 million for the year ended December 31, 2020, compared to an operating loss of $7.9 million and net losses of $9.7 million for the year ended December 31, 2019.
    • Adjusted EBITDA was $2.4 million for the full year 2020.
    • EVOL sStock had cash and cash equivalents of $2.8 million as of December 31, 2020.

    About the EVOL

    Evolving Systems, Inc. was founded in 1985, and EVOL has its headquarters in Englewood, Colorado, with offices in Asia, Europe, Africa, South, and North America. EVOL is a real-time digital engagement accelerator with 100+ customers across five continents. EVOL Stock is home to 280+ marketers. It provides services such as CSP market-leading solutions and services for network provisioning and resource management, enhancing the digital sales and distribution channels, service activation, real-time analytics.

  • CPI Aerostructures, Inc. (CVU) Stock Rises 33% Today, Let’s Find out Why

    CPI Aerostructures, Inc. (CVU) announced on March 17, 2021, that it has received a follow on order from Lockheed Martin, a security and aerospace company after which the CVUstock became green as CVU stock price pushed by 33.61% to reach $6.52 a share as of this writing. At the previous closing, CVU stock was down by 0.20% with a $4.880 per share price. Let’s deeply dive to understand the bullish sentiment.

    What’s happening?

    CPI Aerostructures, Inc. (CVU) mainly works for the manufacturing of structural aircraft parts for helicopters and fixed-wing aircraft in commercial and defense markets. Today Lockheed Martin awarded a follow-on order to CPI Aerostructures, Inc. (CVU) for the manufacturing of structural assemblies of newly F-16 Block 70/72 aircraft.CVU stock has received many orders in the past from Lockheed Martin but this new order is the biggest one so far making the order book more than double to $17.9 million. Deliveries are expected to occur in 2020 and 2023.

    Past Developments:

    CVU stock on February 18, 2021, reported that it has been awarded $2.7 million in Excelsior Jobs tax credit and $1.05 million Capital Grant for its growth and retain its headquarters in New York State.CVU is expected to invest $5.7 million for its expansion which includes new equipment, infrastructure improvement, and the addition of 85 new full-time jobs.

    On February 16, 2021, CPI Aerostructures had been awarded an $8.7 million purchase order by the U.S Air Force. In connection with a purchase order, it is the responsibility of CVU to ensure the provision of structural modification kits, logistics, program management, and other desired services mentioned in the contract.

    We are not done here yet as CVU also won another order from the Raytheon Missiles & Defense back in January 2021 according to which CVU will manufacture structural assemblies for the former.Deliveries are expected to start within this year.

    Conclusion:

    Follow on order from Lockheed Martin has made the momentum for CVU stock price to rise. Recent development by the CPI Aerostructures points to the growth of the CVU stock in the future. CVUhas succeeded in winning the confidence of Lockheed Martin and expecting to work for LMT in many years to come. Hence investors should keep an eye on this stock.

  • Is AudioEye (AEYE) stock a good investment?

    Is AudioEye (AEYE) stock a good investment?

    AudioEye, Inc. (AEYE) reported a loss of $0.30 per share in its fourth-quarter report compared to the Zacks Consensus Estimate of loss of $0.32 per share.

    What is AudioEye?

    AudioEye, Inc. is a U.S. based company that helps provide web accessibility solutions to broadcast, print, internet, and other media to the people irrespective of their location, device, or connectivity in the U.S. AudioEye has been involved in digital accessibility for over 15 years now and has earned itself a reputation of being one of the most trusted and most robust technology platforms in the entire industry.AudioEyeprovides and develops distribution software and patented internet content publication that enables the conversion of media into accessible formats and actual time distribution on different devices connected to the internet. AudioEye has dedicated itself to eradicating all the barriers to digital access. AudioEye provides a platform known as the Ally Platform, which consists of Ally managed service and digital accessibility platform. They are offered as a service to different website owners, publishers, operators, and developers in internet cloud software. Apart from that, AudioEye is also involved in marketing and selling services that comprise product support, video transcription, PDF accessibility solutions, accessibility help desk, and others. AudioEye’s exceptional hybrid approach to digital accessibility is revolutionizing the entire industry.

    AEYE stock exceeding all expectations

    AudioEye reported a loss of $0.30 per share in its fourth-quarter report compared to the Zacks Consensus Estimate of loss of $0.32 per share. This is compared to the loss of $0.16 a year prior. This quarterly report came as a surprise in the form of 6.25% earnings. AEYE was expected to report a loss of $0.33 per share in the last quarter,but instead, it produced a loss of $0.12 per share and delivered a surprise of 63.64%. AEYE has managed to surpass the estimated earnings per share four times in the last four quarters. AudioEye has also exceeded the Zacks consensus estimate by 2.57% for the quarter ended December 2020 by posting revenue of 5.59 million dollars, as compared to the last years’ $3.6 million payment. AEYE stock has outperformed the market so far and has added almost 6.9% since the start of the year compared to the 3.8% gain of the S&P 500.