STOCKS TELEGRAPH

Tag: Technology

  • Greenland Tech Holding Corp. (GTEC) Stock Falls Following New of Upcoming Public Offering

    Greenland Tech Holding Corp. (GTEC) stock prices were down by a marginal 2.58% as of the market closing on June 25th, 2021, bringing the price per share down to USD$9.07 at the end of the trading day. Subsequent pre-market fluctuations saw the stock fall by a significant 15.21%, bringing it down to USD$7.69.

    Strategic Partnership

    The company announced on June 21st, 2021 that it had entered into a major strategic partnership with Shandong Zhongcha Heavy Industry Machinery Co. The companies plan to collaboratively launch a lithium battery forklift, which will make use of GTEC’s innovative integrated drivetrain system that will be available for sale in the U.S by July 2021. To further drive revenue generation and consolidate their market leadership, GTEC plans to combine R&D resources to develop the new lithium powered forklifts.

    Launch of EV Pre-Booking

    June 15th, 2021 saw the company announce the launch of its online EV pre-booking service for the GEL-1800 1.8 ton Electric Loader, as well as the GEX-8000 Electric Excavator. Deliveries are forecasted for August 2021, ahead of schedule. The company website offers more information, as well as a service to pre-book a vehicle with a USD$250 refundable deposit.

    Success of Pre-Booking

    As the company expands its product portfolio and raises brand awareness, the highly promising initial interest has the momentum to carry the company through to a successful launch. In the absence of alternative industrial electric vehicles on the market, the upcoming launches are expected to be highly disruptive. Pre-bookings afford customers the chance to integrate products into their existing budget cycles as fiscal forecasts, while offering GTEC increases visibility and ramp production.

    Product Portfolio Expansion

    GTEC’s GEL-1800 Electric Loader has a maximum loading capacity of nearly 1800 kg and comes equipped with a massive 144 kWh battery. The vehicle is designed to be used in a variety of applications, including construction, mining, farming, and industrial. The GEX-Electric Excavator is an 8 ton electric excavator that has a minimal pollution footprint as compared to traditional internal combustion engines while having the power to get the most challenging jobs done. The GEX-8000’s absence of carbon emissions reflect a safer option for the workplace, operators, and the local community.

    Future Outlook for GTEC

    Armed with the upcoming commercialization and proliferation of its new products in a prime market, GTEC is poised to continue its trajectory of success. The company is keen to usher in further growth with its continued efforts to maximize market penetration. 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.

  • SenesTech, Inc. (SNES) Stock Surge Following Continued Proliferation of ContraPest

    SenesTech, Inc. (SNES) stock prices were up by 4.40% as of the market closing on June 25th, 2021, bringing the price per share up to USD$1.66 at the end of the trading day. Subsequent pre-market fluctuations saw the stock surge by another 7.23%, bringing it up to USD$1.78.

    New Brand Campaign

    May 2021 saw the company launch a new brand campaign, The Pest Control Difference, with its proprietary ContraPest at the forefront. The rebranding of the company’s image comes in line with its transition from a science-based research company to a solutions based commercial company. SNES is keen to highlight its environmental responsibility as it provides an innovative and effective tool for pest control management in the 21st century.

    ContraPest

    March 2021 saw the company complete model agricultural deployments of ContraPest, which had a proven track record of successfully reducing rodent populations and, consequently, improving operating economies in poultry settings. A measurable reduction in rodent populations was reported within six months of deployment at both an eff production farm and a pullet house. Within a year of adding ContraPest, the egg farm reported a 95% decline in rodent activity.

    ContraPest Success

    The company also reported a long-term deployment that was completed in March 2021, with the East Coast urban setting reporting highly promising results. Data from the twelfth month showed a 94% reduction in rat activity at Site A, as well as a 98% reduction in juvenile rat photos since the start of monitoring. Site B reported a 99% reduction in rodent activity, with a 100% reduction in juvenile rat photos during the same period.

    Scope of ContraPest

    As of January 1st, 2021, California’s AB1788 bill was signed by the Governor and became law. The California Ecosystems Protection Act from 2020 will accordingly result in the prohibition of the four main SGAR’s used to treat rodent pest control problems. With ContraPest being a viable alternative, this development has seen a market space open up for SNES that could amount to a potential USD$100 million every year.

    Solid Financials

    Revenue for the first quarter of the fiscal year 2021 was reported at USD$88,000, up from the USD$37,000 reported in the same quarter of the prior year. The 138% year-over-year increase is not inclusive of more than USD$20,000 of backlog, with late orders fulfilled in April 2021 being included in the second quarter of 2021’s numbers. As of the end of Q1 2021, SNES reported a solid liquidity position of USD$15.2 million.

    Future Outlook for SNES

    Armed with a solid liquidity position, SNES is poised to capitalize on the proliferation of its ContraPest technology. 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.

  • Milestone Scientific Inc. (MLSS) Stock Surges Ahead of Expansion of Medical Sales Team

    Milestone Scientific Inc. (MLSS) stock prices surged by a hefty 14.15% some time after market trading commenced on June 25th, 2021, bringing the price per share up to USD$2.34. early on in the first half of the trading day.

    Financial Reports

    Revenue for the first quarter of the fiscal year 2021 was reported at USD$2.9 million, a 61% increase on the USD$1.8 million reported for the same quarter of the prior year. The company also reported a strong 32% sequential increase in sales for Q1 2021 as compared to the fourth quarter of the fiscal year 2020. Net loss was down significantly, as were operating expenses, as the company strove towards a leaner financial structure. The company’s dental segment continued to have a positive cash flow on a stand alone basis, ushering in continued growth opportunities.

    Flagship Technology

    The company continues to allocate resources and its primary focus towards the commercialization and proliferation of its CompuFlo Epidural System within our medical segment. As the prevalence of the CompuFlo Epidural Instrument and CathCheck System rises among medical institutions, the company continues to aggressively build the sales and market organization in preparation for the next phase of their growth.

    Snowballing Growth

    The latest commercial orders from various renowned hospitals serve to validate the safety and efficacy of MLSS’s technology, which set it apart from conventional syringe-based applications. 2021 is expected to be a year rife with transformative growth for the medical business, with the company keen to execute their goal of setting a new standard of care for epidural procedures in labor and delivery with their medical instruments and disposables.

    Strong Liquidity Position

    With the company reporting USD$17 million in cash and cash equivalents as of March 31st 2021, their strong liquidity positive offers them the ability to accelerate their sales and marketing activities, centering around both dental and medical instruments. MLSS is eager to advance the development and commercialization of their proprietary DPS Dynamic Pressure Sensing Technology, which they believe to indicate further growth opportunities. With the recent changes in leadership, the company is ready for an unprecedented rest of the year.

    Future Outlook for MLSS

    Armed with a solid liquidity position, MLSS is poised to continue its trajectory of success as it establishes itself as the new standard in healthcare. Current and potential investors are hopeful that management will continue leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • Alfi, Inc. (ALF) Stock Continues to Skyrocket as Latest Target of Meme Stock Phenomenon

    Alfi, Inc. (ALF) stock prices were up by a massive 50.11% shortly after market trading commenced on June 25th, 2021, bringing the price per share up to USD$19.29 early on in the trading day.

    Share Repurchase Program

    June 23rd, 2021 saw the SaaS platform company announce that its Board of Directors had given the green light for the company to go ahead with a share repurchase program, which would see the repurchasing of up to USD$2 million of its common stock. The company cited the exercising of outstanding warrants, associated with its recent IPO, having benefited its balance sheet as a major factor in the decision to implement the repurchasing program.

    Recent Skyrocketing

    While potentially favorable for investors, these developments do not, however, explain the recent activity seen by ALF’s stock prices. June 22nd, 2021 saw the shares close while up 108.8%. Rather, ALF seems to be the latest target for the meme stock phenomenon that has dominated the stock markets in recent weeks. The company’s market cap has skyrocketed to USD$201 million, up from the USD$15.5 million valuation from earlier in May of 2021. June 22nd, 2021 saw the stock touch a high of USD$16.45 million, after having been traded at a monumental volume of 211 million shares. On that day, ALF was the third most actively traded stock on the U.S exchanges.

    Agreement with All-Niter

    June 15th, 2021 had seen another such massive surge in share price, of 104.4%, but this was in the wake of the announcement of ALF’s agreement with All-Niter. As per the agreement, the partner would be responsible for the shipment and installment of the first 10,000 digital Alfi tablets to be distributed on a global scale to drivers for Uber and Lyft.

    Meme Stock Phenomenon

    Driven by users of the popular social media platform, Reddit, investors coordinate to invest heavily in companies that exhibit a high short interest. As the price is inflated, the Reddit-driven investors cash out on their investments, while hedge funds and other corporate investors scramble to mitigate their losses as a result of the short squeezes. With a trend of picking underdog companies, sometimes on the brink of collapse, these readers confound more seasoned investors with the absence of a valid reason to invest in the companies they do. Lacking major recent developments or changes in fundamentals to justify the skyrocketing prices, this phenomenon has made for a very volatile market as of late.

    Future Outlook for ALF

    Armed with the influx of capital from the skyrocketing of equity value, ALF is poised to capitalize on the opportunities afforded to it. 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.

  • ReTo Eco-Solutions, Inc. (RETO) Stock Skyrockets Ahead of Announcement of New Hainan Project

    ReTo Eco-Solutions, Inc. (RETO) stock prices were up by a massive 29.24% as of the market opening on June 23rd, 2021, bringing the price per share up to USD$1.51 early on in the trading day.

    Hainan Province Project

    June 23rd, 2021 saw the company announce a new iron tailings project in the Hainan Province. The project has a 3 million ton treatment capacity and is expected to generate almost USD$43.7 million in annual sales once production commences. RETO has been tasked with designing, building, and managing the facility, which will be responsible for the largest volume of iron tailings in Hainan.

    Merit of RETO

    The company was selected for the project based on its patented technology, ability to implement and manage secondary sorting of iron tailings, as well as the selection and use of iron ore. RETO’s expertise in recycling leftover ore and processing it into ecologically friendly building materials also supported the case for it to be granted the project. The project is expected to generate almost USD$20.4 million in gross profit for the company.

    Basis for Project

    RETO uses cutting-edge and reliable technologies for production by implementing various systems such as three-stage crushing, two-stage screening, sand making, and beneficiation. Leftovers from production are use as an aggregate to produce building materials. Iron ore tailings are one such leftover, as one of the most common solid waste in the world. They are a byproduct of the beneficiation process of iron ore concentrate.

    Scope of Project

    Because of China’s rapid economical growth and expansion of its iron and steel industries over recent years, the volume of iron ore tailings has skyrocketed. This leads to a substantial environmental and economic cost arising from massive land occupation and ecological damage, which, in turn, results in safety hazards. Because of the increasingly alarming proliferation of the waste, effective waste management systems and solutions are more needed than ever.

    Benefits of Project

    The project will help diminish the cumulative adverse effects of the existing waste problem. Concurrently, the project will also serve to help recover valuable iron resources for reuse that would otherwise have been lost. Furthermore, the project has the potential to be an excellent platform to showcase the company’s proprietary one-stop comprehensive solid waste utilization.

    Future Outlook for RETO

    Armed with such a lucrative project in the works RETO is poised to continue its trajectory of success. The company is keen to capitalize on the opportunities afforded to it from the project. 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.

  • Surgaline Holdings, Inc. (SRGA) Stock Exhibits Continued Volatility Ahead of Collaboration with Inteneural

    Surgaline Holdings, Inc. (SRGA) stock prices were down by a marginal 2.92% as of the market closing on June 22nd, 2021, bringing the price per share down to USD$1.33 at the end of the trading day. Subsequent pre-market fluctuations have seen the stock climb 4.51%, bringing it up to USD$1.39.

    Registered Direct Offering

    June 14th, 2021 saw the company announce the closing of its ongoing registered direct offering, wherein the company issued and sold a total aggregate of 28,985,508 million shares of its common stock at a purchase price of USD$1.725.. In addition to the shares, warrants were issued for the sale of the same number of shares of common stock, with the warrants also being priced the same as the shares. The warrants are exercisable immediately and will expire three years from the date they are issued. As pr Nasdaq rules, the registered direct offering was priced at-the-market.

    Purpose of Offering

    The gross proceeds generated from the offering came out to almost USD$50 million before the deduction of expenses related to the offering, such as placement agent fees. The company plans to allocate the capital from the offering towards working needs and general corporate purposes. This includes preparation for the approval, utilization, and ongoing development of its digital surgical guidance system.

    Collaboration with Inteneural

    Earlier on June 7th, 2021, the company had announced its strategic collaboration agreement with Inteneural Networks Inc. As per the agreement, the company would gain access to Inteneural’s proprietary technology, allowing for the evaluation of eventual integration within the Surgaline digital surgery portfolio. With the application of digital surgery in spine procedures being the company’s initial focus, it has a much broader vision of the potential it hopes to untap.

    Scope of Partnership

    The collaboration is built on a foundation of overwhelmingly positive feedback the company has garnered from spine surgeons, many of whom also specialize in neurosurgery. The feedback was based on SRGA’s demonstrations of its proprietary Holosurgical platform. The agreement has a period during which SRGA will evaluate its partner’s technology on an exclusive basis. The two will also discuss the feasibility of a more comprehensive collaboration.

    Future Outlook for SRGA

    Armed with the extra capital from its registered direct offering and a partnership that will significantly expand the company’s scope, SRGA is poised to continue its 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.

  • XPeng Inc. (XPEV) Stock Undergoes Minor Volatility Ahead of Approval for Hong Kong Listing

    XPeng Inc. (XPEV) stock prices were down by 8.34% as of the market closing on June 22nd, 2021, bringing the price per share down to USD$39.99 at the end of the trading day. Subsequent pre-market fluctuations have seen the stock rise by 4.68%, bringing the price per share up to USD$41.86.

    Honk Kong Listing

    The New York-traded electric vehicle manufacturer, Xpeng, Inc., has been authorized to be listed on the Hong Kong stock exchange. This move could see the company generate as much as USD$2 billion in Honk Kong as early as the current fiscal year. The company’s American depositary receipts were up at a peak of 4.7% during premarket hours on June 23rd, 2021, with the stock having exhibited a 170% increase since its initial listing in August 2020.

    U.S.-China Tensions

    Xpeng’s inclusion in the Honk Kong listing would end a period that marked an absence of the listing of U.S.-listed Chinese firms. The previous such listing was for the travel firm, Trip.com Ltd., in April 2021, which ended up raising almost USD$1.25 billion. Investors hope Xpeng’s listing marks the resumption of the flocking of U.S.-traded Chinese companies to the Asian financial hub since 2018, when regulations were eased to allow the likes of Alibaba and gaming giant NetEase to list.

    Relations Improving

    Stateside-traded Chinese firms are given scaffolding by a listing in Honk Kong, which acts as a hedge against the risk of being delisted from the U.S. exchanges. This allows the companies to broaden their investor base closer to home. Following a bill passed in the U.S., public Chinese companies could find themselves delisted from U.S. stock bourses if they do not allow their audits to be reviewed by American regulators.

    Landmark Listing

    Xpeng’s listing is a dual primary listing, which means it isn’t exempt from some of the Asian hub’s listing rules like it would be if it were a secondary listing. Because the company has only been public in New York since August 2020, it doesn’t meet the requirement of having a two-year listing history for it to merit a secondary listing in Honk Kong. The primary dual listing will be the biggest of its kind in Honk Kong in almost 3 years, when biotech drugmaker BeiGene Ltd. raised USD$903 million.

    Future Outlook for XPEV

    Armed with a massively expanded potential investor-base, XPEV is poised to capitalize on the broadened opportunities afforded to it from its Hong Kong listing. The company is keen to continue its trajectory of success and usher in unprecedented growth with access to more capital. 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.

  • SilverSun Technologies, Inc. (SSNT) Stock Skyrockets Following Announcement of Dividend Payment

    SilverSun Technologies, Inc. (SSNT) stock prices surged by a massive 24.26% as of the market closing on June 22nd, 2021, bringing the price per share up to USD$10.50 at the end of the trading day. Subsequent pre-market fluctuations have seen the stock dip marginally by 2.19%, bringing it down to USD$10.73.

    Implementing Dividend

    The national provider of game-changing business technology solutions announced on June 22nd, 2021 that its Board of Directors had declared the commencement of a special cash dividend on the company’s common stock. The dividend to be paid out has been set at USD$0.60 per share of the company’s common stock, with a record date of July 9th, 2021, and a payment date of July 16th, 2021.

    Sharing Profits

    As the company continues the successful implementation of their business plan, it concluded that a special cash dividend was a suitable way to reward the company’s shareholders for their continued investments and support. As the company makes more money, it plans on sharing the fruits of its labor with investors. Business conditions such as the company’s cash requirements will drive the future payment of dividends. As the company’s financial performance varies over time, the Board of Directors will accordingly adjust any future dividend payout levels.

    Financial Reports

    Total revenues for the quarter ended March 31st, 2021 were reported at USD$10,879,468, up 7.9% from the total revenue reported for the prior year quarter. Software sales exhibited a 13.3% improvement, up to USD$2,004,011 for the 2021 quarter, while services revenues were up 6.8% year-over-year to hit USD$8,875,457. Gross profit came in at USD$4,746,537 in Q1 2021, up 23.2% from the USD$3,852,210 reported in the first quarter of fiscal 2020.

    Net Income & Liquidity Position

    Net income for Q1 2021 came in at USD$354,679, representing a net income of USD$0.07 per basic and diluted share. This is a significant improvement on the USD$292,1155 reported in net loss for the year-ago quarter, representing a net loss of USD$0.06 per basic and diluted share. The company reported a strong liquidity position as of March 31st, 2021, with USD$9,356,136 in cash, USD$1,904,057 in accounts receivable, long term debt of USD$725,416, and total stockholders’ equity of USD$11,688,772.

    Future Outlook for SSNT

    Armed with a solid liquidity position, SSNT is poised to capitalize on the momentum generated from its announcement of dividends on shares of its common stock. The company is keen to continue its trajectory of success with the opportunities afforded to it from its recent surge in equity value. 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.

  • SOS Stock Dips Following Announcement of Joint Venture with Niagara Development

    SOS Stock Dips Following Announcement of Joint Venture with Niagara Development

    SOS Limited (SOS) stock prices were down by 7.30% shortly after market trading commenced on June 21st, 2021, bringing the price per share up to USD$3.36 early on in the trading day.

    Joint Venture with Niagara Development

    June 21st, 2021 saw the company announce that it had entered into a joint venture agreement with Niagara Development LLC that will be based in Niagara, Wisconsin. The joint venture FD LLC is expected to conduct crypto-currency mining operations and facilitate the construction of an international standardized Digital Super Computing Custody Operation Center.

    Specifics of the Agreement

    As per the agreement, Niagara Development will be tasked with the responsibility for the provision of 150MW of electricity and the construction of the Operation Center. The electricity to be generated will include energy generated from renewable sources. Management, operation, and financing of the joint venture is to be carried out by SOS, which is committed to its block-chain strategy and strives to become a leader of sustainability.

    Entry into American Market

    In light of the increasingly pessimistic outlook of the laws and regulations pertaining to blockchain operations in China, the company has initiated a transition of its bitcoin mining operation to the US. Most of the company’s Chinese operations are fully operational and remain unaffected as of yet. This primarily includes SOS’s insurance business, call centers, and Ethereum mining business. As the company continues to increase its development of blockchain solutions for a myriad of industries, SOS made the decision to acquire a sustainable power supply. This move comes in preparation for the expansion of the company’s blockchain operations into North America, which it has high hopes for in light of the joint venture.

    Prolific Track Record

    To date, SOS has registered a total of almost 100 software copyrights, as well as 3 patents. The company has been granted a national high-tech enterprise certification as recognition of its caliber. SOS has also been awarded the title of Big Data Star Enterprise by the Gui’an New District Government, a further indication of the company’s ability to stay at the forefront of digital technology innovation.

    Future Outlook for SOS

    Armed with its recent expansive acquisition and a bright outlook for its transition into the North American market, SOS is poised to capitalize on upcoming opportunities afforded to it. 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.

  • Akoustis Technologies, Inc. (AKTS) Stock on the Rise Following 5G Mobile Foundry Agreement

    Akoustis Technologies, Inc. (AKTS) Stock on the Rise Following 5G Mobile Foundry Agreement

    Akoustis Technologies, Inc. (AKTS) stock prices were down by 2.34% as of the market closing on June 18th 2021, bringing the price per share down to USD$10.43 at the end of the trading day. Subsequent pre-market fluctuations have seen the stock rise by 11.12%, bringing it up to USD$11.59.

    Foundry Agreement

    June 21st, 2021 saw the company announced that it had signed a foundry agreement with a mobile RF front-end customer for the manufacture of XBAW filters for 5G mobile handsets and other wireless devices. AKTS will use its patented and proprietary XBAW process to manufacture the new high-frequency RF filter.

    Finalizing of Offering

    The agreement was finalized after the purchaser evaluated initial filter samples that had been delivered by the company earlier in March of 2021. The company intends to deliver additional samples in the latter half of 2021, utilizing its innovative wafer chip-scale packaging. The purchaser is expected to bump up its volume production by the third quarter of 2022.

    Scope of Agreement

    The company’s entry into the 5G Mobile Smartphone filter sector has been a significant milestone for ATKS. The agreement is for smartphones and other wireless devices is built on the first pass success with the XBAW filter that had been delivered to ATKS’s second mobile RF front-end customer. The mobile handset BAW filter market has the potential to be the largest intermediate-to-long term opportunity to date in terms of both unit volume and revenue. The agreement facilitates the generation of substantial incremental unit and revenue growth in the second half of 2022 and beyond.

    Expansive Growth

    The company plans to up its annual production capacity at its New York location to roughly 500 million filters per year by the end of 2021. The company currently boasts a product catalog containing 15 commercial XBAW filters, including the recently introduced 5.6 Ghz and 6.6 GhzWiFi 6E coexistence filter modules. When the filter modules are qualified, they will bring the number of offerings up to 17. The company is also developing various innovative filters for the sub-7 Ghz bands that target 5G mobile device, network infrastructure, WiFi CPE, and defense markets.

    Future Outlook for AKTS

    Armed with a brand new agreement for its cutting-edge filters, ATKS is poised to continue its trajectory of success. The company is keen to push for the commercialization and proliferation of its expanding catalog of products and services. 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.