Exela Technologies Inc (NASDAQ:XELA) Releases Earnings: Stock Down 12% in a Week

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…

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Meta Materials Inc (NASDAQ:MMAT) Stock Continues to Trend Lower: What’s The Buzz?

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…

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Ideanomics Inc (NASDAQ:IDEX) Stock Reports Q2 Earnings: Investors React Negatively

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…

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Auddia Inc (NASDAQ:AUUD) Stock Jumps As Quarterly Net Loss Reduced

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…

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NanoVibronix Inc (NASDAQ:NAOV) Stock Extends Rally: Hits Another New High

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%,…

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OPKO Health Inc. (NASDAQ:OPK) Stock Reports Earnings: Stock Moves in a Range

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…

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Atossa Therapeutics Inc (NASDAQ:ATOS) Stock Under Pressure On FDA Setback

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…

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Katapult Holdings Inc (NASDAQ:KPLT) Stock Continues to Move Lower On Disappointing Outlook

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…

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OrganiGram Holdings Inc (NASDAQ:OGI) Stock Pulls Back Sharply: Here is Why

OrganiGram Holdings Inc (NASDAQ:OGI) hasn’t been an attractive investment over the past year. Growth hasn’t been robust even when sales were low from previous quarters, which is unsuitable for unprofitable businesses. In July, investors received great news after the company reported 51% QoQ sales growth in its Q3, leaving them wondering whether the pot stock has turned a leaf. Investors should note that the gross revenue was CA$29.1 million for…

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DouYu International Holdings Ltd (NASDAQ:DOYU) Stock Sees Selling Pressure Following Q2 Earnings

DouYu International Holdings Ltd (NASDAQ:DOYU) fell 11% after announcing its unaudited Q2 2021 financial results for the period ending June 30, 2021. The company reported net revenues of $361.9 million (RMB2, 336.8 million) compared to RMB2, 508.2 million a year ago.Gross profit was $47.5 million, with the net loss being $28.1 million. In addition, the company reported a 3.9% YoY growth in average mobile monthly active users to 60.7 million,…

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