An August 2021 report from Global Industry Analysts states the personal emergency response system (PERS) market will grow to $10.7 billion over the next four years. While the big dogs battle it out, smaller firms will be able to reap the benefits of the increase in demand. These small companies are able to be more agile in their strategy and can more easily fit in niche markets. Firms like Toronto-based Wearable Health Solutions (OTCMKTS: WHSI), which makes the iHelp MAX 4G medical alert communication device, are on our list of stocks to watch in this industry.
Wearable Health Solutions (OTCMKTS:WHSI) is a medical device company that has more operational upside then your average sub-penny stock. Its 4G iHelp MAX is slated for release this year and will help improve its already impressive subscription base. But, its feature programing on upcoming Kathy Ireland shows could be a force multiplier. That’s why you should put WHSI on your watchlist today.
Gbs Inc (NASDAQ:GBS) stock has been witnessing increased selling pressure over the past week with a fall of 40%. Moreover, the stock made a new 52-week low of 40 cents on Tuesday.
GBS generated revenues from government support of $178,000 in Q2. Operating expense totaled ($3.6) million producing a net loss of ($3.5) million or ($0.23) per share. Net loss including non-controlling interests came in at ($3.5) million compared to ($2.0) million or ($0.23) and ($0.23) per share, respectively.
Forward Industries Inc. (NASDAQ:FORD) stock has been recovering a bit after falling recently. The stock has gained 10% in the past week, but still down 55% in the past year. The company reported revenue of $11.6 million in Q1, a jump of 19.6% from $9.7 million in the same quarter year ago. Gross margin declined to 22.5% from 23.3% and Operating income increased by $0.4 million, to $0.2 million, compared to a loss from operations of $0.2 million for the three months ended December 31, 2020.
Net income fell to $0.2 million compared to $1.2 million for the three months ended December 31, 2020. On an adjusted basis, the company earned 2 cents share, down from 12 cents a share in the same quarter last year.
One of the companies that could come into focus among investors this morning is HeartBeam Inc (NASDAQ:BEAT). Yesterday, HeartBeam came into focus among investors in a big way announced that it had gone into a stock purchase agreement with the OpenSky Opportunities Fund Ltd.
As per the provisions of the agreement, HeartBeam agreed to both issue and sell a total of 58000 units to OpenSky. Each unit is going to be made up of one common share in the company and one share purchase warrant. Each unit has been priced at $6. While it was possible to separate the shares and the warrants immediately, the company had actually issued them together as a unit. It will be interesting to see if the stock gets any traction today.
The other stock that could be on the radars of investors this morning is the company Blacksky Technology Inc (NYSE:BKSY), which is best known for providing geospatial intelligence in real time and also provides global monitoring services. Yesterday, the company announced that it was filling up the prospectus supplement with regards to its S-1 Registration Statement. The filing was being made to the United States Securities and Exchange Commission. In this context, it is perhaps also necessary to point out that the company is not issuing any fresh warrants or shares in conjunction with this prospectus supplement. It is expected to be a significant new milestone for BlackSky and investors could consider tracking the stock this morning in light of the latest announcement.
