STOCKS TELEGRAPH

Author: ST Staff

  • Tempest Therapeutics, Inc. (TPST) Stock Skyrocketing as Meme Stock Phenomenon Continues to Spread Like Wildfire

    Tempest Therapeutics, Inc. (TPST) Stock Skyrocketing as Meme Stock Phenomenon Continues to Spread Like Wildfire

    Tempest Therapeutics, Inc. (TPST) stock prices skyrocketed by 98.18% shortly after market trading commenced on July 12th, 2021, bringing the price per share up to USD$31.05 early on in the trading day.

    W.B. 2021 Biotech Conference

    July 9th, 2021 saw the company announce that the Chief Medical Officer of the company, Sam Whiting, M.D., Ph.D., will be participating in a webcast panel at the William Blair 2021 Biotech Focus Conference. Titled “Developing Therapies for the Next Immuno-Oncology Targets” and will be held on July 14th, 2021. The announcement was met very positively by investors, who are hoping for a major announcement at the event.

    Rock Springs’ Stake in TPST

    Further driving the stock price higher is a recent SECSchedule 13-G filing that revealed Rock Springs Capital Management LP owned a 9.68% ownership stake in the company, having 642,155 shares under its control. The investment company is based in Baltimore and provides advisory services for businesses and institutional clients in regard to their security portfolios and portfolio management.

    Explaining TPST’s Meteoric Rise

    Nevertheless, the company’s recent stock price activity does not seem to be adequately contextualized by these developments. With the stock having risen as suddenly as it has, in the absence of concrete developments or changes in fundamentals, it seems likely that TPST has been selected as the latest target as a meme stock in the proliferation of the meme stock phenomenon that has been dominating the stock markets as of the start of the trading week.

    Meme Stock Phenomenon

    Driven by retail investors, underdog companies, sometimes on the brink of collapse, are artificially pumped with intentional disregard for any rational basis for the pump. Usually indicating a high short interest, these companies are selected as a means to take advantage of institutional investors’ confidence in the company’s stock prices falling. The coordinated short squeeze by retail investors has confounded Wall Street and has even resulted in the claiming of bankruptcy by some of the biggest names in finance.

    Future Outlook for TPST

    Rife with inherent risk and volatility, the recent fortuitous gains are not something that TPST can rely on to continue. Nevertheless, the increased exposure and skyrocketing of equity value afford the company opportunities to capitalize on in order to facilitate more organic increases in shareholder value.

  • Cuentas, Inc. (CUEN) Stock Dips After Exercising of Warrants from February 2021 Public Offering

    Cuentas, Inc. (CUEN) Stock Dips After Exercising of Warrants from February 2021 Public Offering

    Cuentas, Inc. (CUEN) stock prices were down 14.40% shortly after market trading commenced on July 12th, 2021, bringing the price per share down to USD$4.16 early on in the trading day.

    Public Offering

    July 12th, 2021 saw the company announce the generation of USD$6.2 million from the exercising of warrants issues earlier in February of 2021. The warrants were issued in relation to the company’s underwritten public offering of 2,790,697 units, with each unit priced at USD$4.30 per unit. The offering raised roughly USD$12 million, before the deduction of expenses related to the offering. The warrants started trading on the Nasdaq Capital Market under the ticker CUENW since February 2nd, 2021.

    Inclusion in WaveMax Network

    WaveMaxannounced having been selected by TelcoDR as a part of its showcase of the most innovative mobile technologies at the Mobile World Congress in Barcelona. Cuentas has signed a contract to rollout SharedFi across 170 test locations in the New York City-Tristate area. The testing period will last 6 months, the success of which will result in the collaborative installation of 1,000 additional Bodega Stores in a 50/50 joint venture.

    Synchronicity with Execon

    The WiFi managed services company, Execon, will facilitate the implementation of WiFi6 infrastructure and manage and monitor the broadband internet at various Bodega stores. Execon will connect participating stores, while Cuentas will connect customers via the WaveMax platform, driving customer savings and greater value. The WaveMax mobile ecosystem will encourage an enhanced user and shopping experience, with Cuentas customers having access to discounts for purchases and rewards, this driving in greater net revenues.

    Healthy Financials

    The company’s balance sheet for the first quarter of 2021 improved drastically, largely as a result of a successful USD$12 million capital raising venture, The underwritten public offering saw the generation of USD$10.6 million in net proceeds. The capital raised was allocated towards the repayment of all of its financial debt, including USD635,000 to Labrys, USD$378,000 to Dinar Zuz, and a USD$260k convertible loan with interest to A.Ghershony.

    Future Outlook for CUEN

    Armed with a solid liquidity position, the company is poised to capitalize on the opportunities afforded to it by the expansive scope of its collaborative ventures. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • InMode Ltd. (INMD) stock surged in the current trading session; here’s why

    InMode Ltd. (INMD) stock surged in the current trading session; here’s why

    We saw a surge in the InMode Ltd. (INMD stock) shares by a percentage of 8.84% to trade at the price of $104.64 in the current market at the last check. Previously the session was closed by INMD stock at $96.14. The INMD stock volume traded 1.28 million shares, while the average daily volume for the past 50 days has been 0.65 million shares traded. INMD stock had surged in the past year up to date by 260.48%, and in the past week, the shares had jumped up by 1.72%. In the past three and six months, the stock has gained 19.15% and added 93.79% respectively. Furthermore, the company is currently valued in the market at $3.55 billion and has outstanding shares that stand at 39.03 million.

    What you need to know about InMode as a company

    InMode Ltd. is a medical design company that specifically focuses on the development and manufacturing on of medical instruments and devices with proprietary ownership. These medical products are famous in InMode Ltd. because they are known to be minimally-invasive aesthetic medical products. The procedures that the INMD stock specifically focuses on are the aesthetic ones which include the portfolio of skin tightening, face and body contouring, and treatments for ablative skin rejuvenation for example liposuction. However minimally or non-invasive medical procedures is not the only medical service offering because the company provides an array of procedures that contain invasively aesthetic products. These procedures include permanent hair reduction, reduction of wrinkle, treatment of cellulite, facial skin rejuvenation, skin appearance and texture, pigmented lesions, superficial benign vascular and the products that are hands-free medical aesthetic products include skin tightening, fat reduction and muscle stimulation. The company provides its product offering directly in the United States, UK and Canada, Australia, India, and France along with a distributor network in 47 countries. The company was founded in 2008 and has its headquarter based in Yokneam Israel.

    Updated release date for the second quarter 2021 financial result

    The company released an announcement to provide the investors and shareholders an update on when INMD stock will release the financial result for the second quarter of 2021 on the date of 28th July 2021. The company reported that it is finalizing and organizing its results for the financial operations of the second quarter 2021.

    However, the company has had a set of preliminary results that it is expecting which are based on the results and expectations of previous results. The management is expecting to have the revenue of the second quarter 2021 to be somewhere in the range of $86.6 million to $87.0 million. INMD stock has set up a preliminary expectation for its Non-GAAP earnings per diluted share to be somewhere around the range of $1.00 to $1.01. The projected expectation of full-year revenue is being placed between the range of $305 and $315 million. The non-GAAP gross margin for the full year is expected to be in-between 84% to 86%.

    The date set up for the release of the financial result is specifically for 28th July 2021, at 8:30 am Eastern Time that will be delivered through a conference call by the management and executives of the team.

  • Exela Technologies, Inc. (XELA) Stock Continues Rising After Expansion of Product Offerings

    Exela Technologies, Inc. (XELA) Stock Continues Rising After Expansion of Product Offerings

    Exela Technologies, Inc. (XELA) stock prices were up 4.48% shortly after the opening of market trading on July 12th, 2021, bringing the price per share up to USD$3.04.

    Expansion of Offerings

    July 12th, 2021 saw the company announce the expansion of its offering of AI-enabled automation in the BPA space. The company will do this via the combination of its Intelligent Document Processing with its robotic process automation platform. The automation solution will be a frontrunner of the industry and will be deployed in the healthcare and public sector, further consolidating XELA as an industry leader.

    Intelligent Document Processing

    Intelligence Document Processing will enable the automation of document classification, data extraction, and data, made possible by the routing into a cloud or on-premise hosted service portal. This portal can be accessed from anywhere at any time, facilitating the provision of a containerized, dynamically scaling solution.

    Utility of IDP

    The use of the IDP system allows the company to leverage its extensive and growing library of machine learning-based classifiers. These classifiers substantially enhance the automation of document processing in the healthcare and public sector. XELA has plans to increase the scope of its projects in the finance and legal sectors in the short term future. The solution includes a modernized data solution build on the delivery of rule-based, character-level data correction capabilities that serve to drastically reduce the keystrokes required to meet customer service level targets. The IDP manual entry solution allows the company to leverage manual entry operators that can work remotely from anywhere while preserving data security using a proprietary snippet routing engine.

    Combination with EON

    Furthermore, EON will facilitate the automation of simple or complex workflows to usher in efficiency and accuracy gains, while also freeing up human capital to be allocated towards other higher-value uses. The automation platform facilitates the automation of both attended and unattended automation deployments. The company continues to expand its portfolio of solutions to meet the changing requirements of its consumer base, with the latest IDP and EON combination embracing the evolution of work to an accessibility-oriented environment that customers and their employees having been embracing since the onset of the global pandemic.

    Future Outlook of XELA

    The company is poised to capitalize on the opportunities afforded to it in regard to the development of its offerings. With a focus on hasty commercialization and effective proliferation of its products, the company is keen to usher is substantial and sustained increases in shareholder value.

  • Is ENOB Stock Surging For A Reason?

    Is ENOB Stock Surging For A Reason?

    Shares of the biopharmaceutical company Enochian Biosciences Inc. (ENOB) are rising 5.51% to trade at $5.55 at the commencement of today’s regular session. Enochian stock has risen as high as 16.73% to $6.14 on the stock charts in the premarket session. ENOB stock closed the Friday session at $5.26, increasing 6.26% on the day. ENOB stock traded for 0.58 million shares, lower than the 2.19 million average volume over the last three months. During the last trading session, the ENOB stock oscillated between a price range of $4.88 and $5.31. EPS for the ENOB stock was negative 0.29.

    ENOB is up 4.78% in the last five sessions and gained 22.33% over the past month while jumping 78.31% so far this year. Currently, ENOB’s 50-day moving average is $4.49, higher than its 200-day moving average of $3.67. Furthermore, the ENOB stock is currently trading at an RSI of 54.91. The ENOB stock is rising sharply on news that FDA has accepted its Pre-IND request for its treatment of hepatitis.

    Which therapy is ENOB trying to develop?

    Enochian is a biopharmaceutical company focusing on the development of gene-modified cellular and immune therapies for the potential cure and treatment of deadly diseases. In addition to HIV/AIDS, Hepatitis B, Corona and Influenza viruses, and Oncology, ENOB’s gene-modified cell, and immune therapy platforms might also be useful for other indications.

    The FDA accepted an IND (Investigational New Drug) request from Enochian for a potential cure of hepatitis B virus (HBV), announced the company in a press release today.

    • Commentary will be provided in writing this fall.
    • A proof-of-concept study performed in chimeric mice substantiated ENOB’s pre-IND request.
    • Researchers have deemed ENOB’s study as the best way to evaluate HBV cure using an animal model.
    • A request from ENOB for feedback on its Hepatitis B program was accepted by the FDA.
    • The agency’s suggestions were appreciated by ENOB.
    • ENOB’s move toward pre-IND is also brought about by Hijack RNA, which exhibits an intriguing mechanism of action.
    • In addition to being a potential platform technology for coronaviruses (including COVID-19), influenza and HBV, the mechanism is being explored as a potential technology for combating HIV.
    • With the impressive results of the premier animal model, ENOB has great hope of developing a commercial product that may cure chronic liver damage in approximately 350 million people per year, killing nearly 1 million.

    What has ENOB recently shared about HBV therapy?

    Enochian (ENOB) co-founder and inventor Serhat Gumrukçu, director of Seraph Research Institute (SRI), has recently presented data showing the daily decline of HBV to the point where it cannot be detected by day eight. The liver and other tissues were not found to be toxic by ENOB. ENOB presented its findings during the prestigious International Liver Conference last month.

  • On What Basis Did Virgin Galactic (SPCE) Stock Rise In Premarket Trading?

    On What Basis Did Virgin Galactic (SPCE) Stock Rise In Premarket Trading?

    As of the last check, Virgin Galactic Holdings Inc. (SPCE) is at $51.4 after climbing 4.47% in the premarket session. During the last trading session, Virgin Galactic stock lost -6.62% to close at $49.20. The price range of SPCE stock was from $49.46 to $52.63 during the session.

    Over the past 100 days, the SPCE stock has traded 25.87 million shares, below its volume of 62.59 million shares traded on the day. In the last five days, SPCE shares rose 13.92%, and in the last month, they climbed 39.93%.  SPCE stock is surging after a successful crewed space mission.

    When did SPCE complete the flight?

    As a vertically integrated company offering space travel for individuals and researchers, Virgin Galactic pioneers human spaceflight. Aside from advanced aircraft, SPCE also manufactures space and air vehicles. As part of the development of its spaceflight system, SPCE offers a unique and transformative experience to clients.

    VSS Unity, Virgin Galactic’s fourth rocket-powered spacecraft, successfully orbited the Earth, announced the company yesterday.

    • SPCE’s VSS Unity was tested for the 22nd time, but this was the first test flight with a full crew.
    • SPCE flight was also carrying the company’s founder, Sir Richard Branson.
    • SPCE crew members met several test objectives related to the cabin and customer experience.
    • These included evaluating the commercial customer cabin, views of Earth from space, research conditions, and the effectiveness of Spaceport America’s five-day pre-flight training program.
    • The successful flight was a milestone for SPCE and a historic event in the new commercial space industry.
    • As SPCE is successful in its missions, the next generation of astronauts is paved.
    • As SPCE’s Chief Executive Officer, Michael Colglazier expressed thanks to its whole team, including pilots and crew, and appreciated their commitment and dedication.
    • The SPCE team is working to make space more accessible so that it can be available to more people and not just to a few.
    • After being released from the mothership, VMS Eve, VSS Unity reached a speed of Mach 3.
    • As the vehicle soared up to 53.5 miles above ground, it glided smoothly into Spaceport America for a runway landing.
    • Global audiences witnessed the seminal moment for Sir Richard Branson and SPCE.
    • The SPCE Future Astronauts were given a taste of what awaits them when the Company launches its commercial service following the completion of its test flights.
    • The livestream of the SPCE event has been recorded and is available on the SPCE YouTube channel.

    How SPCE founder expressed his feelings?

    Despite longing for this moment since he was a child, Richard Branson said nothing could prepare him for the view from space. Virgin Galactic (SPCE) is at the vanguard of a new space age. As part of this remarkable crew of mission specialists and currently astronauts, he was proud to begin SPCE, as well as honored to test these incredible customer experiences. SPCE’s founder expressed his excitement for sharing this experience with the world’s aspiring astronauts.

  • Tuya, Inc. (TUYA) Stock Rises Inexplicably as Latest Potential Target of Meme Stock Phenomenon

    Tuya, Inc. (TUYA) Stock Rises Inexplicably as Latest Potential Target of Meme Stock Phenomenon

    Tuya, Inc. (TUYA) stock prices were up by 9.12% as of the market closing on July 9th 2021, bringing it up to USD$20.35.Subsequent premarket fluctuations have seen the stock inch up by another 1.23%, bringing it up to USD$20.60.

    MWC Exhibition

    June 28th 2021 saw the company announce its exhibition at the Mobile World Congress, which was held in Barcelona from June 28th 2021 to July 1st 2021. The exhibition showcased the company’s Smart cellular and Bluetooth communication capabilities, facilitating the exposure of TUYA’s myriad of connectivity solutions. The industry’s biggest and most significant exhibition was attended by thousands of developers and enterprises from around the world.

    Trading Volume Activity

    Despite the expanded scope of businesses offered by the exhibition, the company’s stocks’ recent activity remains a mystery. With the company having been plummeting since July 2nd, the volume of shares traded went as far as more than one million in the red. Premarket fluctuations on the 9th of July 2021 saw a reversal and sharp increase in the volume of shares traded being bought. This comes despite any recent news coverage of company developments or changes in fundamentals.

    Contextualizing TUYA’s Gains

    Rather, in the absence of apparent motivating factors, TUYA seems to be the latest target of the meme stock phenomenon which has been seeing a massive resurgence in the stock markets. Driven by retail investors who target underperforming companies, the absence of underlying reasons to rationally invest in the company goes as far as to see companies with obvious reasons to not invest in being pumped and inflated.

    Meme Stock Phenomenon

    The companies selected in the meme stock phenomenon are usually ones that indicate a high short interest, signaling institutional investors’ confidence in the company’s stock price falling. Seeking to capitalize on this confidence and upturn the hold of institutional investors, retail investors coordinate to execute a short squeeze that has seen large firms lose billions and sometimes even cross the brink of bankruptcy. Given the nature of the movement, these gains in stock prices are rife with inherent volatility and risk.

    Future Outlook for TUYA

    Armed with the fortuitous surge in the value of its equity despite the lack of recent developments or changes in fundamentals, TUYA is poised to capitalize on the additional opportunities afforded to it as the latest target of the meme stock phenomenon. The company is keen to use the increased exposure to leverage to its advantage in order to usher in more organic growth.

  • Park City Group Inc. (NASDAQ: PCYG) stock surged in the premarket trading session; find out more

    Park City Group Inc. (NASDAQ: PCYG) stock surged in the premarket trading session; find out more

    In the premarket trading session, we found out that (PCYG) stock was surging by 7.53% to trade at the price of $5.71 at the last check. Previously closed session of PCYG stock gained 1.72% at $5.31. The PCYG stock volume traded 49756.0 shares with the average daily volume of shares being 0.11 million within the past 50 days. In the last year, up-to-date PCYG stock jumped by 40.48%, and in the past week shares moved down by -3.80%. In the past three and six months, the stock has shed -4.67% and added 1.53%. Furthermore, Park City Group is currently valued in the market at $101.69 million and has outstanding shares at 19.55 million.

    About Park City Group Inc.

    Park City Group Inc. is a SaaS company that specifically focuses on designing, developing, and providing marketing software products. The company has its base of operations and market targeted for North America mainly and internationally as well. The company has its own proprietary software known as ReposiTrakMarketPlace, which is a solution created for B2B e-commerce as well as a supplier discovery solution. Furthermore, the company also has software that reduces potential regulatory and legal risk in supply chain operations known as ReposiTrak Supply Compliance and Food Safety Solutions. The company has understood the need for a platform where the suppliers can be connected and communicate with their customers thus PCYG stock created ReposiTrakSupplyChain Solutions just for this very purpose. There is a lot of marketing, business operations related to other software that the company has created for its clients. Furthermore, there is a business consultation and professional consultation service that PCYG stock provides specifically for the suppliers, retailers, convenience stores, and specialty retail industries. The client base and the customers it draws towards itself are multi-store retail chains, wholesalers, suppliers as well as distributors. The headquarter of the company is based in Murray, Utah.

    The FDA’s Food Safety Modernization Act is giving a challenge to the food industry but PCYG has figured out a guideline

    The Food Safety Modernization Act is giving a tough time to the retail food industry as well as its supply chain networks and partners. The FSMA was signed on 4th June 2011 by Barack Obama and has been handed over to the Food and Drug Authority in the USA which gives it more regulatory power and authority over how food is produced, manufactured, sold, and traced. The ReposiTrak Inc. is considered to be a world leader in the supply chain industry and as such has collaborated with the Food Traceability Leadership Consortium (FTLC) in order to discover solutions for the food industry. These solutions are focused on being optimal for the traceability challenge presented by the FDA’s FSMA and is suggested to be based on three critical guidelines. These guidelines include that the solution made should be easily adopted, should have minimal cost so that it may not impede on the marginal prices and profits, and should meet or exceed the regulations set up by the FDA.

    The main agents in the food industry that face problems with traceability are supply chain, retailer, and wholesale distribution for the stores. ReposiTrak Inc. can make a great impact while providing support to FTLC due to its wide user network of over 100,000 facilities.

  • How Did Solitario (XPL) Stock Drop 6% Premarket?

    How Did Solitario (XPL) Stock Drop 6% Premarket?

    Solitario Zinc Corp. (XPL) shares were down -5.66% in pre-market trading at $0.5802. Solitario stock closed last session at $0.62, increasing 1.30% or $0.01. XPL stock traded between $0.60 and $0.62 during the session. The number of shares traded on XPL was 0.25 million, less than the company’s 50-day daily volume of 0.6 million and less than its Year-to-date volume of 2.43 million. XPL stock is losing momentum it has gained in last session after reporting commencement of an exploration work.

    XPL began its exploration where?

    Solitario is an emerging zinc exploration and development company. In Alaska, XPL holds a 50% joint venture interest in the high-grade, open-pittable Lik zinc deposit. In Peru, XPL holds a 39% joint venture while Nexa Resources holds the remaining 61%. Directors and Management of XPL hold approximately 9.6% of the Company’s shares.

    In an announcement last week, Solitario announced the start of exploration on its Alaskan Lik zinc project.

    • Recently, joint venture partners XPL (50%) and Teck American Incorporated (50%), a wholly owned subsidiary of Teck Resources Limited (“Teck”), approved a budget to be jointly funded.
    • The project consists of induced polarization (“IP”) geophysics, surface geochemical sampling, and core drilling of at least 2,000 feet in order to test new exploration concepts and expand resources in 2021.
    • One of the largest producers of mined zinc in the world is Teck, XPL’s partner.
    • On the Lik project, there are 12.0% zinc equivalent Indicated Resources of 17.3 million tonnes and 12.1% equivalent Inferred Resources of 2.9 million tonnes.
    • The XPL property may also contain underground mineable mineralization.
    • A sizeable, high-grade, low-cost zinc mine, Red Dog is located approximately 14 miles northwest of the project.
    • XPL recently conducted its first exploration drilling program in ten years, marking an exciting new phase in its Lik project.
    • XPL is drilling during a time when zinc prices are high and demand for zinc is rising.
    • In XPL’s drilling program, the company will expand the Lik deposit’s resource in three different areas, while in its surface exploration; it will target potential new mineralization in trend to the northeast of the existing deposit.

    How will XPL carry out its drilling program?

    Teck and Solitario (XPL) agree that Teck will act as host organization for the project 2021 program in order to draw on Teck’s thirty-five years of successful exploration and operation in the Red Dog mining district. The sampling of geochemical elements has begun, with geophysics expected to begin by the middle of July.  After receiving final drill permits, XPL expects the core drilling to begin in July/August.

  • What Is Driving SONM Stock Up In Premarket Tradings?

    What Is Driving SONM Stock Up In Premarket Tradings?

    As of last check, shares of Sonim Technologies Inc. (SONM) were trading up 7.29% at $0.4785 in the premarket session today. Sonim stock closed Friday session at $0.45 with a gain of 0.52%. For the past 50 days, Sonim stock has averaged 7.4 million shares daily, which was higher than its trading volume of 3.95 million shares on the day.

    Furthermore, SONM’s current market value stands at $29.70 million, and its outstanding shares stand at 66.32 million. When there is no current news about the company, the price of SONM stock increases, so there may be some reason to think that recent developments will provide additional information.

    How has SONM been doing recently?

    Sonim provides ultra-rugged mobile solutions for task workers physically engaged in their workspaces, often in mission-critical roles. SONM is a leading US supplier of these portable solutions. As a result of the SONM solution, workers are provided with ultra-rugged mobile phones, industrial accessories, and data and workflow applications that will help them be more productive, communicate more effectively and work safely.

    Sonim announced a rugged tablet, the RT80, designed for industrial, public safety, and field service workers.

    • RT80’s sunlight-readable 8-inch screen is glove-friendly, and its high-capacity battery is designed for multi-shift work.
    • SONM recently introduced the RS80 and RS60 SmartScanners, and the RT80 rugged tablet can be paired with its SmartScanners to enhance customers’ industrial workflow needs.
    • In comparison to consumer tablets, the SONM RT80 is purpose-built to withstand the rigors of the workplace.
    • Consumer tablets, by their nature, suffer increased downtime due to being unable to handle the rigors of any business environment.
    • Users looking for a fully rugged Android device at an affordable price should consider the Sonim RT80, which features a large screen, lightweight design and excellent battery life.
    • This rugged SONM device is the perfect addition to any IoT suite, SmartCity or SmartFactory deployment where workers require a device that can access and process IoT data easily and quickly.
    • The RT80 is available across North America, UK, Europe and other regions via SONM’s distribution and reseller network.

    SONM’s other achievements:

    Sonim (SONM) recently won awards with a leading US carrier for two of its next-generation ultra-rugged phones, expected to launch by 2022 with a smartphone 5G capability and enhanced PTT capabilities. SONM did not provide any financial details of the contract. Based on the specifications, features, and cost information provided by SONM as part of the Request for Proposal, the carriers were awarded design wins.