The week did not start off on the right note for the 22nd Century Group Inc (NASDAQ:XXII) stock as the stock suffered from a selloff yesterday and ended the day with a drop of as much as 11%. While the decline in the stock was substantial, it is also important to note that there was no news about the company yesterday that might have led to the decline. As it…
The communication software firm DatChat Inc (NASDAQ:DATS), which is focussed on protection and privacy of its users, was in sharp focus among investors yesterday and its stock ended the day with gains of as much as 11%. There was no news about the company yesterday but last week, the company was in the news after it announced the pricing for its initial public offering of its units made up of…
Exela Technologies Inc (NASDAQ:XELA) is down 11.5% in a week after announcing its Q2 2021 financial result in which revenue dropped 2.3% QoQ and 4.8% YoY to $293 million. Information and Transaction Processing Solutions revenue declined 10.6% Yoy to $217.3 million due to low volumes because of transition revenue roll off and COVID-19. The company is optimistic that volumes will return in the segment once the impacts of the pandemic…
Meta Materials Inc (NASDAQ:MMAT) is down 15% in a week after announcing a definitive agreement for the indirect acquisition of Nanotech Security Corp (OTCMKTS: NTSFF) in a cash transaction estimated at CA$90.8 million. The company will acquire all Nanotech common shares at CA$1.25 per share. Nanotech is a leader in visually memorable and secured nano-optic security features development offering anti-counterfeit services used in government, brand, and banknote protection markets. META’s…
Ideanomics Inc (NASDAQ:IDEX) down 7% in premarket after reporting its Q2 2021 financial and operating results in which the company reported revenues of $33.2 million and a gross profit of $9.3 million. Revenue for EVs was $6.1 million in Q2 2021, with powertrains and charging batteries revenues being $2.7 million. The company has the only electric tractor currently available in the market. At the end of the quarter, Ideanomics had…
Auddia Inc (NASDAQ:AUUD) jumped 6% after announcing that its net loss for the quarter ended June 30, 2021, narrowed from $1.3 million a year ago to $753,000. The artificial intelligence podcast platform didn’t report any revenue for the quarter relative to revenue of $45,000 YoY, but it booked a $269,000 paycheck protection program loan forgiveness accounting for the improvement. In addition, the company ended the quarter with cash and equivalents…
NanoVibronix Inc (NASDAQ:NAOV) jumped 34%, which was significant considering it was a red market day. The little-known company manufactures non-invasive biological response-activating devices that target pain therapy and wound healing. Its current market cap is around $90 million, and considering the nature of its market cap and low share price, NAOV has drawn significant interest from retail traders in recent times. The stock has a short interest of approximately 24%,…
OPKO Health Inc. (NASDAQ:OPK) is moving in a range. The company reported its financial results and business update for the quarter ended June 30, 2021. OPK indicated that test volume at BioReference laboratories was up 325 relative to Q2 2020. During the quarter, the company processed around 2.8 million COVID-19 PCR tests, and currently, it has a daily processing capacity of over 100,000 PCR tests. Equally, in Q2, BRL conducted…
Atossa Therapeutics Inc (NASDAQ:ATOS) is down 20% in a month. The company announced its Q2 2021 financial results and offered corporate updates on recent development. In Q2, the company received final findings from the open-label Phase II clinical study of oral Endoxifen during the “window of opportunity” between breast cancer diagnosis and surgery. Endoxifen achieved the primary endpoint in the study with a 65.1% reduction of Ki-67, which is a…
Katapult Holdings Inc (NASDAQ:KPLT) was down 45% in a week following the release of its Q2 earnings report and withdrawal of its full-year outlook. The company reported a net loss of $8.1 million, a drop from a profit of $5.1 million a year ago. Adjusted net income in Q2 was $1.5 million, a 70% decline YoY. The financial and credit options provider for customers who might not access such services…
