STOCKS TELEGRAPH

Author: ST Staff

  • LiveOne, Inc (LVO) gained 8.60% in the pre-market. Here’s why:

    The stock price of LiveOne Inc (LVO) closed the recent trading session at $0.80, losing 6.14% from the previous trading session. The stock kept oscillating between $0.80 and $0.88. During the last check, the stock gained 8.60% to $0.87 in the pre-market. The company announced its financial results for the third quarter of the fiscal year 2022.

    Company Financials

    On February 10, 2022, LiveOne Inc (LVO) announced the financial result for the third fiscal quarter of 2022. The company posted revenue of $32.8 million in Q3 of FY22 against the revenue of $19.1 million in the same quarter of the fiscal year 2021. The total net loss of the company was announced to be $11.7 million in Q3 of FY22 against $8.7 million in the third fiscal quarter of 2021. Adjusted EBITDA for the third quarter of FY22 was in a loss of $4.8 million as compared to the loss of $1.9 million in the same quarter of the financial year 2021. Net loss per share for Q3 of FY22 was $0.15 while the loss per share in Q3 of FY21 was $0.12.

    LVO: CEO Remarks

    The Chief Executive Officer (CEO) of LiveOne Inc (LVO), Robert Ellin, said that they are expecting a strong YoY growth throughout the financial year of 2022 by the expected returns of their musical event, advertising, and sponsorship deals. He added that they have decisively turned and pulled forward their way and course of events to an expected positive EBITDA.

    Mr. Ellin concluded that he is excited about posting a positive EBITDA for the first time in the company’s history in the next quarter which will end on June 30, 2022.

    About LiveOne Inc

    LiveOne (LVO) is a music, technology, and entertainment company that focuses on delivering premium services and content, globally. The company provides entertainment via memberships, subscriptions, and live or virtual music events. Headquartered in West Hollywood, California, United States of America (USA), LVO was founded in 2009.

  • Bloom Energy Corporation (BE) stock is gaining after-hours. Here’s what you need to know:

    The stock price of Bloom Energy Corporation (BE) closed the recent trading session at $15.49, 3.37% lower than the previous trading session. The stock gained 5.81% to $16.39 in the after-hours. The company announced its financial results for the fourth quarter of the fiscal year 2021. Bloom Energy also filed form 8-K with the SEC to report a major event.

    Company Financials

    On February 10, 2022, BE announced the financial results of the fourth quarter of FY21, which ended on December 31, 2021. The revenue of Bloom energy increased by 37.3% from $249.3 million in the fourth quarter of FY20 to $342.5 million in Q4 of the fiscal year 2021. The company announced its gross profit for Q4 of FY21 to be $68.7 million against $63.6 million in the same quarter of the fiscal year 2022. The loss per share of BE in Q4 of the financial year 2021 was $0.05 as compared to $0.08 in the same quarter last year. The adjusted EBITDA for Q4 of FY21 was $18.6 million in comparison to $25.5 million in the same quarter of FY20.

    BE Executive Remarks

    The Chief Executive Officer (CEO) of the Bloom Energy Corporation, KR Sridhar, said that this was a great quarter for Bloom energy with almost $1 billion in income. He added that they are ready to profit with the demand for clean energy, decarbonization, and the growth of hydrogen and sustainable fuel.

    The Chief Financial Officer (CFO) of Bloom Energy, Greg Cameron, said that the company is in an exceptional position financially and operationally. He further said that they have a team, products, policy, and a track record to execute their plan for growth.

    About Bloom Energy Corporation

    Bloom Energy Corporation (BE) produces and markets the products such as solid oxide fuel cells which generate on-site electricity. The company is working towards making clean, efficient, and reliable energy affordable for everyone. Bloom Energy was founded in 2001 and is headquartered in San Jose, California, United States of America (USA).

  • Affirm Holdings, Inc (AFRM) stock is losing in the after-hours. Here’s why:

    On February 10, 2022, the stock of Affirm Holdings Inc (AFRM) closed the trading session at $58.68, losing 21.43% from the previous trading session. The stock price kept oscillating between $54.04 and $82.56. During the last check, AFRM lost 7.29% to $54.40, in the after-hours. Affirm released the financial result of the second quarter of the financial year 2022, which ended on December 31, 2021. The company also filed the form SC 13G and form 8-K with the SEC to report beneficial ownership of the stocks and to report an unscheduled material or corporate event, respectively.

    Financials

    Affirm Holdings Inc (AFRM) released the financial results for Q2 of the fiscal year 2022. The revenue of the company grew by 77% from $204.04 million in Q2 of FY21 to $361.01 million in Q2 of FY22. Net loss of the company was $159.7 million in the second quarter of the fiscal year 2022 against $26.6 million in the same quarter of FY21. The quarterly loss per share of AFRM was announced to be $0.57 per share in FY22 in comparison to the estimate of $0.44, by the Zacks Consensus Estimate. The loss per share of AFRM in the same quarter of FY21 was $0.38. The total operating expense of the company was $557.21 million in Q2 of FY22 as compared to $230.81 in the same quarter of the fiscal year 2021.

    AFRM: CEO Remarks

    The Chief Executive Officer (CEO) of Affirm Holdings, Inc. (AFRM ), Max Levchin, said that Affirm saw strong growth in the second quarter because of its technology and the commitment to putting the people first. He added that the merchandise volume of AFRM has doubled YoY, by adding almost 7 million active clients during the past 12 months.

    Mr. Levchin concluded that AFRM is focused on extending their leads as they scale up the enterprise partnerships and they have never been more eager to expand the effect of their mission.

    On January 28, 2022, analysts at DA Davidson recently upgraded the AFRM stock coverage from neutral to buy rating but lowered the target price from $110 to $75.

  • Innoviva, Inc (INVA) stock is surging in pre-market. Here’s why:

    Innoviva Inc (INVA) stock closed the trading session at $15.83 on February 9, 2022. The share price of INVA surged to $17.45, gaining 10.23% in the pre-market. INVA announced the financial results for the fourth quarter of FY21, on February 9, 2022. The company also filed form 8K with the SEC to report the financial result of the operation and the financial condition of the company.

    INVA Financials

    On February 9, 2022, Innoviva Inc reported the financial results for the fourth quarter of the financial year 2021, which ended on December 31, 2021. The total net revenue of INVA was reported to be $107.6 million against $90.4 million in the same quarter of the financial year 2020, an increase of $17.2 million. The net income attributable to the Innoviva stockholders was $10.3 million as compared to $53.9 million in the same quarter, the previous year. The Diluted earnings per share (EPS) for the fourth quarter of 2021 was $0.14 against $0.48 in the fourth quarter of the financial year 2020.

    CEO Remarks

    The Chief Executive Officer (CEO) of Innoviva Inc, Pavel Raifield, said that during the fourth quarter, the company’s revenue increased by 18% YoY, showing a positive strength in the unstable environment. He added that their business has performed wonderfully last year under unforeseen conditions, bearing witness to its different growth drivers and huge diversification.

    Mr. Raifield concluded that they are very much well positioned for the solid execution to guarantee a succor investor value creation.

    News

    On February 9, 2022, Armata Pharmaceuticals made an announcement that they have come to an agreement with Innoviva Strategic Opportunities, Inc, which is a subsidiary of Innoviva Inc, to sell the common share of ARMP at an expected price of $45 million.

    The Chief Executive Officer of ARMP, Brain Varnum, said that they are thankful to Innoviva for the vote of confidence in their company and their technology.

    About Innoviva Inc (INVA)

    Innoviva is a holding company that incorporates respiratory assets collaborated with Glaxo Group Limited (GSK), with a growing portfolio of healthcare investments and resources in areas of huge neglected clinical need. Innoviva was founded in 1996 and is headquartered in South San Francisco, California, United States of America (USA).

  • Here is what you need to know about Del Taco Restaurants Inc, (TACO)

    The stock price of Del Taco Restaurants Inc (TACO) closed the recent trading session at $12.51, 0.40% more than the previous trading session. TACO gained 2.16% to $12.78 in premarket today. The company filed the form SC 13G/A with the SEC on February 8, 2022.

    Del Taco Restaurants, Inc is the second-largest Mexican-American restaurant chain, which specializes in American-style Mexican cuisine as well as American foods such as burgers, fries, and shakes. The restaurant was founded in 1964 and is headquartered in Lake Forest, California.

    TACO Financials

    On October 14, 2021, TACO announced its financial earnings for the third quarter of FY21 which finished on September 7, 2021. The company posted total revenue of $124.3 million against $120.8 million, a growth of 2.9% from the third quarter of FY20. The total sales of the restaurant were $112 million, achieving a growth of 2.2% from Q3 of FY20. A net income of $3.8 million against $5.8 million in the same quarter, as the previous year. TACO reported earnings per share (EPS) of $0.11 against the estimate of $0.10, surprising by 10%.

    Management Remarks:

    The president and the Chief Executive Officer (CEO) of Del Taco, John D. Cappasola, said they made significant growth in signing new franchise agreements, having signed a total of seven agreements this year. He added that these new arrangements will further help their stated objective of 5% growth in 2023.

    “We launched our new comprehensive CRM stage and presented our new App called Del Yeah! Rewards, a points-based program with four levels that open energizing rewards and experiences. We are confident that the App will empower us to fortify our guest commitment as well as increment deals and recurrence over the long run.”, he concluded.

    News

    On January 19, 2022, TACO announced that they have recently launched the highly expected fresh flex location in Florida, USA. The new Fresh Flex design augments customer accommodation works on functional productivity and conveys a raised brand and guests experience. The Fresh Flex is technology-based and provides options like mobile applications, third-party pick-ups, double drive-thru lanes, and designated parking lots for guests who want to park and eat.

    The CEO of Del Taco said that their new Fresh Flex design is prepared to capitalize as it permits the franchisees to use an assortment of property choices.

  • Society Pass Incorporated (SOPA) stock is losing in the pre-market. Here’s why

    The stock price of Society Pass Incorporated (SOPA) closed the recent trading session at $4.68, gaining 42.68% from the previous trading session. The company filed the S-1/A form with the SEC on February 8, 2022. SOPA also announced the pricing of its unwritten public offering, after which the stock lost almost 31.62% to $3.20 during the pre-market. The company started trading in the November of 2021.

    SOPA News

    On February 8, 2022, SOPA announced the pricing of its underwritten public offering of 3.03 million shares. Gross returns, prior to deducting underwriting discounts and commissions and assessed offering costs, are relied upon to be roughly US$10 million. Each share will be sold along with one warrant at a consolidated price of $3.30. The warrants will be quickly exercisable at a cost of US$3.30 per share and will terminate after five years from the date of issuance.

    The Company has allowed the underwriters a 45-day choice to buy up to 0.45 million extra shares at the public offering price to cover over-allotment. The offer is relied upon to close on February 11, 2022.

    Russell 2000® Index

    On December 19, 2021, SOPA declared that the firm has been added to the Russell 2000 Index. The Russell 2000 Index looks at the presentation of stocks in the US securities exchange. The Russell 2000 Index is determined by cooperation in the vast market of the Russell 3000 Index. Russell lists are often used as record reserves and as benchmarks for dynamic trading. Russell’s US lists are utilized to check resources worth $10.6 trillion. Russell indexes are created by FTSE Russell, one of the most respected index providers.

    CEO Remarks

    The Chief Executive Officer (CEO) of SOPA, Dennis Nguyen, said that this is a thrilling achievement for Society Pass to reach after our fruitful IPO in November. He added that being a part of these important and well-regarded indexes will bring SOPA a greater market awareness as the company continues to work towards the growth and expansion of the company in South Asia.

  • Sundial Growers Inc (SNDL) stock surged pre-market. Here’s why

    On February 8, 2022, Sundial Growers Inc (SNDL) stock closed the trading day at $0.50, making no change from the previous trading session. During the pre-market, the stock price gained 7.27% to $0.54. The gain came after the press release published by the company on February 8, 2022.

    Sundial Growers Inc. (SNDL) is occupied with the creation of cannabis using indoor facilities. The organization offers the best client experience and best quality cannabis items. The organization works under the sections including Operations, Retail, and Investments. The assorted arrangement of cannabis and cannabis-related items incorporate inhalable items that are sorted into flowers, pre-rolls, and vapes. These items are sold under different brands including Sundial Cannabis, Palmetto along with Grasslands brands. Headquartered in Calgary, Canada, the company was founded in 2006.

    Press Release

    On February 8, 2022, SNDL announced that they have received a 180-day extension to meet the NASDAQ’s minimum bid price requirement. The company reported on August 9, 2021, that NASDAQ notified Sundial Growers Inc (SNDL) about the non-compliance of the bid price of its shares with the NASDAQ minimum bid price requirement. Initially, the company was to regain compliance on February 7, 2022.

    The extension in the date will now allow Sundial Growers to regain compliance, given that the bid price of the stocks closes the trading day at $1 or above, for at least 10-consecutive trading days before August 8, 2022.

    SNDL Financials

    Sundial Growers Inc reported its financial results for the third quarter of FY21. The total revenue of the company during the third quarter was CA$14.3 million against CA$12.8 million in the same quarter of FY20. The gross profit of SNDL was CA$1.7 million during Q3 of FY21. The net income was CA$11.3 million. The Diluted earnings per share (EPS) of the company were CA$ 0.005.

  • American Rebel Holdings Inc (AREB) stock soared in the pre-market. Here’s why

    American Rebel Holdings Inc (AREB) stock soared in the pre-market. Here’s why

    American Rebel Holdings Inc (AREB) stock closed the recent trading session at $2.21, losing 26.33% from the previous trading session. The stock of AREB kept oscillating between $2.85 and $2.21. During the last check, in the pre-market, the stock of AREB gained massively posting a gain of 49.32% to $3.30. The company announced the pricing of its 2.53 million common shares. AREB also filed with the SEC on February 4, 2022.

    American Rebel Holdings, Inc. participates in the arrangement of safes and concealed carry apparel and backpacks, defensive jackets, t-shirts, knives, caps, CDs, and hats. The company’s products secure the assets, most imperative which incorporate guns and secured substances. Headquartered in Nashville, TN, the company was founded in 2014.

    American Rebel Holdings Inc (AREB) News

    On February 4, 2022, American Rebel Holdings Inc (AREB) announced the pricing for its 2.53 million common shares for a total of $10.5 million. The Company means to utilize the net returns from this proposition to compensate different exceptional debts and for general corporate purposes, including working capital, expanded research and growth work, and subsidizing its development strategies. Regarding this contribution, the Company will execute a reverse split of its common stocks at a proportion of 1-for-80. The reverse stock split was implemented with the opening of the trading day on February 7, 2022.

    Furthermore, the Company has conceded the underwriters a 45-day choice to purchase up to 379,518 extra Common Shares as well as Warrants or any mix thereof, to cover for excess allotment.

    Financials

    American Rebel Holdings Inc (AREB) published the financial results for the third quarter of FY21. The company reported net revenue of $0.29 million. The net income of the company was reported to be -$1.42 million. The earnings per share (EPS) of American Rebel Holdings Inc were reported as -$0.10.

  • MicroVision Inc (MVIS) stock surged 2.45% in pre-market, Here’s Why?

    MicroVision Inc (MVIS) stock surged 2.45% in pre-market, Here’s Why?

    MicroVision Inc (MVIS) stock closed the recent trading session at $3.26, gaining 3.82% from the previous trading session. MVIS has a market capitalization of $534.98 million. During the last check, MVIS stock gained 2.45% to $3.34, in the pre-market. The company filed with the SEC on February 4, 2022.

    MicroVision Inc is a technology company that deals with the production of laser scanning technology, image capturing, and 3D sensing. MicroVision is a pioneer in MEMS-based laser scanning innovation coordinating optics, equipment, algorithms, and AI programming into exclusive frameworks that tends to exist and develop business sectors. The incorporated methodology gives solutions for automotive lidar sensors, AR microdisplay engines, intuitive display modules, and consumer lidar parts. The company was founded in 1993 and is headquartered in Redmond, Washington, United States of America (USA).

    MVIS Financials

    MVIS released the financial results for the third quarter of FY21 on October 28, 2021. The company reported total revenue of $0.7 million during the third quarter of FY 21 against $0.6 million during the same period in the last fiscal year.

    MicroVision reported a net loss of $9.4 million during the third quarter of FY21 against the loss of $2.8 million during the third quarter of FY20. Earnings per share (EPS) were reported to be -$0.06 against the estimated of -$0.04.

    CEO Remarks

    The Chief Executive Officer (CEO) of MVIS, Sumit Sharma, said that he is confident that they are on the right path. He added that they received positive feedback from the clients about the minimal expense and smaller size of our automotive lidar sensor, the growth of MicroVision’s core innovation, and our product abilities, prompting several solicitations for extra information and recommendations from OEMs.

    “With this positive reaction, along with our good financial position and team, I stay bullish on MicroVision’s capacity to prevail in the developing ADAS and independent driving market.”, Mr. Sharma said.

  • Here is what you need to know about Mind Medicine Inc (MNMD)

    Here is what you need to know about Mind Medicine Inc (MNMD)

    The share price of Mind Medicine Inc (MNMD) closed the recent trading session at $1.23, gaining 9.82% from the previous trading session. The stock kept moving during the recent trading session between $1.14 and $1.28. During the last check, the share price of MNMD gained 2.33% to $1.26, in the pre-market.

    Mind Medicine Inc is a biotech organization that creates hallucinogenic motivated drugs and treatments to address addiction and brain disorders. The company was founded in May 2019 and is headquartered in New York, United States of America (USA).

    MNMD: Press Release

    On January 25, 2022, Mind Med published a press release about the FDA approval of a generalized anxiety disorder (GAD) drug. The company announced that the FDA has approved the experimental drug, premising for the phase 2 trial of the drug used in the treatment of GAD. MNMD along with the study investigators and clinical trial sites are preparing for the enrolment of participants, starting early in 2022.

    The recently reported clinical hold on the IND (Investigational New Drug) was lifted after Mind Med’s fast reactions for extra information connected with the member monitoring protocol in the forthcoming review.

    CEO Remarks

    The Chief Executive Officer (CEO) of Mind Medicine Inc, Robert Barrow, said that the approval from the FDA for phase 2 clinical trials is a major milestone for the company and the industry. He added that the trial is based on a productive dialogue with the FDA and will give a breakthrough in the treatment of anxiety symptoms after the first dose of MM-120.

    With an administrative way, they anticipate expanding on this energy and propelling this trial as fast and productively as could be expected, bringing their essentially closer to changing the treatment landscape for patients who experience the ill effects of anxiety, the CEO said.

    On November 15, 2021, MNMD released the financial results for the third quarter of FY21, which ended on September 30, 2021. The cash balance of the company was reported to be $178.6 million. The net loss of MNMD was reported to be $24.3 million for the third quarter of FY21. Mind Medicine Inc reported the earnings per share of -$0.6 against the estimated value of -$0.6, surprising by -100%.

    News

    Investment Industry Regulatory Organization of Canada (IIROC) can settle on a choice to force a transitory suspension of trading security. Trading suspensions are executed to guarantee a fair and organized market.