STOCKS TELEGRAPH

Tag: sensor

  • AeroVironment, Inc. (AVAV) Stock Continues Downward Trend Following Disclosure of Q4 2021 Financial Report

    AeroVironment, Inc. (AVAV) Stock Continues Downward Trend Following Disclosure of Q4 2021 Financial Report

    AeroVironment, Inc. (AVAV) stock prices were down by 0.76% as of the market closing on June 29th, 2021, bringing the price per share down to USD$109.87 at the end of the trading day. After hours trading  saw the stock dip by another 4.43%, bringing it up to USD$105.00.

    Revenue Reports

    The company reported revenues for the fourth quarter of fiscal 2021 amounting to USD$136 million, up from the USD$135.2 million reported for the same time period of the prior fiscal year. The difference is largely attributable to a USD$15.8 million increase in revenue of the company’s Medium Unmanned Aircraft Systems (MUAS), as a result of the acquisition of Arcturus UAV in February of 2021.

    Partial Offsetting of Revenue

    The year-over-year increase in revenue was offset by a USD$15 million decrease in revenue of AVAV’s Unmanned Aircraft Systems (UAS) segment. This, in turn, was a result of a USD$14.2 million reduction in service revenue, as well as a decrease in product sales amounting to USD$0.8 million. The UAS segment consists of s the company’s existing small UAS, tactical missile systems and HAPS product lines, as well as the recently acquired Progeny Systems Corp’s Intelligent Systems Group (ISG).

    Gross Margins

    Gross margin for the fourth quarter of fiscal 2021 was reported at USD$59.7 million, up 12% from the USD$ 53.2 million reported for the prior year quarter. This difference was largely driven by a USD$8.8 million increase in product margin, while being partially offset by a USD$2.3 million reduction in service margin. Gross margins as a percentage increased fomr 39% to 44% over the course of the time period. This increase was primarily attributable to a favorable product and services mix.

    Income from Operations

    Q4 2021 income from operations was reported at USD$17.8 million, a USD$3.5 million decrease from the USD$21.3 million reported for Q4 2020. This difference is primarily driven by an increase in SG&A expenses in the amount of USD$8.5 million, as well as R&D costs having increased by USD$1.5 million. These increases were partially offset by a USD$6.5 million increase in gross margin. The increase in SG&A expenses was largely due to USD$3.3 million in acquisition-related expenses associated with the acquisitions of Arcturus UAV, ISG, and Telerob GmbH.

    Future Outlook for AVAV

    Armed with its recent string of potentially massively beneficial acquisitions, AVAV is poised to capitalize on the opportunities afforded to it as a result of its collaborations. 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.

  • Senseonics Holdings Inc (SENS) Stock Continue Upward Trend Following Results of PROMISE Study and Continued Meme Stock Craze

    Senseonics Holdings Inc (SENS) Stock Continue Upward Trend Following Results of PROMISE Study and Continued Meme Stock Craze

    Senseonics Holdings Inc (SENS) stock prices were up by a significant 10.77% as of the market closing on June 11th, 2021, bringing the price per share up to USD$4.01 at the end of the trading day. After-hours trading saw the stock continue to climb by 5.24%, bringing it up to USD$4.22.

    SENS Gains Traction on Reddit

    The recent wave of the meme stock crazy running rampant through the stock market worked in SENS’s favor. With the surge in activity regarding the stock on Reddit, the combination of high short interest and positive fundamental developments made SENS a prime target for the consort of retail investors. SENS consolidated the confidence of both existing and prospective investors with Q1 2021 reports jumping to USD$2.85 million, up from the USD$36,000 reported in the prior-year quarter.

    PROMISE Study

    The company’s stock price saw a surge that it has since maintained following the announcement on June 4th, 2021 by SENS of the results of their PROMISE study. The study was designed to evaluate the safety and accuracy of the next-gen Eversense CGM System for up to 180 days with reduced calibrations.

    Presenting Results

    The findings were presented at the University of Colorado, Denver as an oral presentation at the 14th Annual ATTD Meeting, The presentation showcased results from both the primary sensor and a secondary sensor with modified chemistry in a subset of study participants. The secondary sensor is referred to as the SBA sensor.

    Scope of CGM

    With the essential value of CGM for patients with diabetes, especially the demographic requiring insulin, SENS posits that it is imperative that more patients be enabled to utilize CGM. To this end, there needs to be a greater variety of choice in product features that leads to increases accessibility. With the accuracy profile demonstrated by Eversense in the PROMISE study, the role of long-term implantable CGM system is validated in its capacity to help people manage their glucose levels.

    Key Results of PROMISE Study

    The results reported an overall mean absolute relative difference (MARD) against reference value of 9.1% for the primary sensor, spanning 49,000 paired points. The secondary SBA sensor reported a MARD of 8.5%, spanning 12,000 paired points. The confirmed hypoglycemic alert detection rate was 93% for the primary sensor and 94% for the SBA sensor.

    Future Outlook for SENS

    Armed with both the promising results of the PROMISE study and the surge in value of its equity from Reddit-driven retail investors, SENS is poised to capitalize on the opportunities presented to it. The company is keen to use this momentum to establish a continued trajectory of success. 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.