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operating income increase of 527%The company reported revenues of $191.7 million, net income of $10.9 million, and basic EPS (earnings per share) of $6.40. The company also reported operating income of $20.4 million, representing an increase of 527% over the same period last year. During the 2020 fiscal year, the company repurchased 236,908 shares of its common stock at an average price of $7.01 per share. At September 30, 2020, the company reported total assets of $197.2 million and total liabilities of $153.5 million. Stockholders’ equity stood at $43.9 million, or $25.75 per basic common share1. At September 30, 2020, the company had cash and availability under its various lines of credit $37.7 million. The Company completed two significant acquisitions in 2020, Lonesome Oak in January and Precision Marshall in July.
NASDAQ:LIVE
by AlenCiken
1
at-the-market offering for up to $35,000,000On January 25, 2021, IZEA Worldwide, Inc. (the “Company”) launched an at-the-market offering (the “Offering”) for up to $35,000,000 worth of shares of the Company’s common stock, par value $0.0001 per share, pursuant to an at the market (ATM) Sales Agreement, dated January 25, 2021, by and between the Company and National Securities Corporation. A copy of the ATM Sales Agreement is attached hereto as Exhibit 1.1 and is incorporated by reference herein. The Company has 54,526,583 shares of common stock outstanding as of January 25, 2021. Secondary stock offerings normally aren't a reason for shareholders to celebrate, but investors seem to see this one as a smart way for IZEA to raise cash it can use to fund additional growth efforts, as well as a validation of the stock's recent surge. The sale would dilute current shareholders by about 10%. In 2019, the company's revenue declined 6% to $19 million and it lost $7.3 million. If new products like Shake and its BrandGraph intelligence platform take off, the stock should have more room to run. www.sec.gov
NASDAQ:IZEA
by AlenCiken
4
OSS as exclusive EPC for North American Solar ProjectsOrbital Energy Group's Subsidiary, Orbital Solar Services, Partners with Black Sunrise Half Century Fund and Akon Lighting America as exclusive EPC for North American Solar Projects. OEG), today announced that its wholly-owned subsidiary, Orbital Solar Services ("OSS"), a leader in utility-scale solar power generation facilities, has been named the engineering, procurement, and construction ("EPC") company "of choice" for the newly-formed Black Sunrise Half Century Fund. As announced by Akon last Wednesday at President Biden's "Clean Energy for America" Inaugural Ball (Clean Energy Ball), OSS is partnering with Akon, Akon Lighting America (Akon Lighting), and the Black Sunrise Half Century Fund to decommission coal-fired power plants throughout the United States and convert them into utility-scale solar energy farms. OSS is responsible for providing full EPC services for these solar facilities, beginning in the second quarter of 2021. In selecting OSS and Orbital Energy Group as its EPC company of choice, BSF considered OSS's technical, innovation and support capabilities. This includes OSS's proven track record of success in executing over 40 solar projects in excess of 600 megawatts, with more than 50 years combined experience in the delivery and management of both commercial and renewable energy construction projects. finance.yahoo.com
O
by AlenCiken
Express More Than Doubles Amid Reddit SpeculationRetailer Express More Than Doubles Amid Reddit Speculation Apparel retailer Express Inc. skyrocketed Monday, extending its meteoric rally with record volume as retail investors touted the company across various social media platforms including Reddit message boards. Express has been the subject of Reddit boards where users speculated whether it could be the next GameStop, the video-games retailer that is surging again today. GameStop, together with other heavily shorted stocks like Bed Bath & Beyond Inc. and AMC Entertainment Holdings Inc. all surged last week as they continued to gain popularity among retail investors. Express short interest stands at about 14% of the free float, according data from S3 Partners. finance.yahoo.com
E
by AlenCiken
Successful field testing of prototype lines of the oilseedYield10 Bioscience Announces Achievement of Proof-of-Concept Milestone for Producing PHA Bioplastic in Field Grown Camelina Plants today announced successful field testing of prototype lines of the oilseed Camelina sativa that have been programed to produce PHA bioplastics directly in seed. PHA are natural polymers, prevalent in nature and fully biodegradable in the environment. PHA bioplastics could ultimately be used to manufacture a wide range of fully biodegradable consumer products. The prototype plants tested in these studies were programed with microbial genes based on a recent patent filed for new technology developed by Yield10 researchers to produce Camelina seed containing high levels of PHA bioplastic suitable for field production. finance.yahoo.com
Y
by AlenCiken
SYMJEPI Products Now Available in the WalgreensSYMJEPI Products Now Available in the Walgreens Prescription Savings Club, with the Lowest Prices for Epinephrine Products ADMP) today announced that its SYMJEPI® (epinephrine) Injection products are now available to members of the Walgreens Prescription Savings Club program, for a discounted price of $99.99 for a two-pack, the lowest price offered for epinephrine products through the Walgreens Prescriptions Savings Club, and the lowest price for epinephrine devices on the market1. finance.yahoo.com
A
by AlenCiken
Express, Inc. Announces $140 Million in Additional FinancingExpress, Inc. Announces $140 Million in Additional Financing to Bolster Liquidity EXPR today announced that it has entered into a definitive loan agreement with Sycamore Partners as lead lender, along with Wells Fargo and Bank of America Merrill Lynch, that strengthens its liquidity position by an additional $140 million. The new financing includes a $90 million FILO Term Loan with a maturity date of May 24, 2024, and a $50 million Delayed Draw Term Loan, to be repaid upon receipt of a CARES Act tax refund expected to be received in the second quarter of 2021. This financing is in addition to the Company’s existing $250 million asset-based loan facility, of which it had previously drawn $165 million. finance.yahoo.com
E
by AlenCiken
2
EVgo to Publicly List through CLII spac companyEVgo, an LS Power Company, and Leader in U.S. Electric Vehicle Fast Charging, to Publicly List through Business Combination with Climate Change Crisis Real Impact I Acquisition Corporation Anticipated net proceeds of approximately $575 million will be used to fully fund and accelerate EVgo’s growth strategy and network buildout. This includes a $400 million fully committed private placement of common stock in EVgo (the “PIPE”). The PIPE is anchored by institutional investors including private funds affiliated with Pacific Investment Management Company LLC (PIMCO), funds and accounts managed by BlackRock, Wellington Management, Neuberger Berman Funds and Van Eck Associates Corporation. CRIS is co-sponsored by private funds affiliated with PIMCO, which has more than $640 billion in sustainability investments across its portfolios. Commercial relationships with large automotive OEMs (including General Motors, Nissan and Tesla), rideshare operators (including Lyft and Uber), and major property owners for its host sites (including Albertsons, Wawa, and Kroger), underscore EVgo’s market-leading position in the rapidly growing fast charging market. LS Power, a leading investment firm focused on power, energy infrastructure and energy innovation, along with EVgo management, who together own 100% of EVgo today, will be rolling 100% of their equity in the transaction and are expected to own approximately 74% of the company upon transaction close. Pro forma implied equity value of the combined company of $2.6 billion. The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions. With more than 800 locations in 67 major metropolitan markets across 34 states, EVgo’s network serves a rapidly expanding customer base that currently exceeds 220,000 customers. a strategic relationship with General Motors, which selected EVgo for a nationwide EV charging infrastructure buildout, whereby EVgo expects to add more than 2,700 additional fast chargers to its network over the next 5 years. Corporate partners also include Uber and Lyft, which selected EVgo as one of their first charging providers. EVgo has also worked with Tesla, to enable native fast charging on EVgo’s network. www.businesswire.com
C
by AlenCiken
Understanding range highs and lows are all you need. #stocksBack on October 27th I made a post highlighting a potential reversal as we approached the range lows from back in June. Over the future months the stock tested the lows, found support, and is not heading toward highs. Range highs and lows and major support and resistance areas have value because they indicate where there is likely to be heavy order flow. In this case it AMGN reacted well and held the lows creating a great risk/reward opportunity.
NASDAQ:AMGN
by IngenuityTrading
2
BBIG and ZASH Signing of Agreement to Complete Plan of mergerVinco Ventures (BBIG) and ZASH Announce Signing of Agreement to Complete Plan of Merger Today announced the signing of an Agreement to Complete a Plan of Merger subject to certain conditions, creating exciting acceleration and growth in live-streaming content, video-sharing, distribution and production within its own ecosystem. At the forefront of today’s digital wave, the Company aims to invest, acquire and merge the best-in-class media, entertainment and content-focused technology companies globally – from East to West – aiming to build a “Virtual Hollywood”, the future of media. “The Company’s proprietary Influencer Platform has led to over 2 billion video views. With a current follower network of over 350+ million, we are poised to revolutionize the next generation of video distribution,” said Brian McFadden, Chief Strategy Officer. Vinco’s Chief Strategy Officer, commented, “The merger with ZASH and the resulting combined entity provides current and prospective business partners with the assurance of our ability to scale our production and creative services to meet their growing content creation and distribution needs. The synergies between the two entities will bring immediate scale to the existing business along with clearly identified and obtainable growth initiatives. We are excited to merge with ZASH in our ever-evolving pursuit to ‘Be BIG’.” www.streetinsider.com
B
by AlenCiken
2
Is it time for Value Stocks? Lumen Technologies case studyIn a market where most stock valuations have skyrocketed to Mars, Lumen Technologies is one of the bright exceptions, being perhaps one of the safest investments available, for the investor to sleep soundly at night. LUMN has great fundamentals and is a much underestimated VALUE STOCK, ready to change the declining trend of many years to rising. In an article he wrote a year ago, Jeff Storey, CEO of Lumen Technologies (rebranded CenturyLink), stated: ‘During the last century, telephone companies pioneered early networks by standing up poles and stringing phone wires across the nation. Today, the new pioneers are tech companies like CenturyLink who are standing up networks and stretching fiber across the globe—and in the process, making exciting technologies like 5G possible’. Lumen Technologies is an international facilities-based communications company engaged primarily in providing a broad array of integrated services to business and residential customers in over 60 countries. Lumen’s enterprise technology platform enables companies to capitalize on emerging applications and power the 4th Industrial Revolution (4IR). Lumen Technologies states that ‘Lumen is the fastest, most secure platform for next-gen business applications and data, integrating global network infrastructure, cloud connectivity, edge computing, connected security, voice, collaboration and enterprise-class services into a seamless experience’. Lumen is ranked No. 29 on Washington Technology's 2020 Top 100 list of federal government IT contractors. From a fundamental analysis point of view, LUMN with capitalization 12.54B (11.43 $/share), P/E 9.57, P/S 0.58, P/B 0.91, EV/EBITDA 5.27, Div. Yield 8.85%, Intrinsic Value 16 $, Buffetts Limit 18$, can be considered as a cheap stock. The only negative element is Debt to equity ratio which is 2.41. From a technical analysis point of view, LUMN’s monthly diagram shows that the stock is possibly in the process of trend changing. The three preceding years, while the stock reaching its bottom the volume rose to historical levels, which means that shares changed hands from retail to smart money. Also notice the break-up of the RSI declining trend line and the divergences that appeared. Next follows LUMN’s daily diagram. Notice that stock’s price is over 200d, 30d and 9d SMAs. Additionally, notice the consolidation and resistance zones and that the RSI is in high overbought zone, so the correction of prices or a short period of consolidation is possible. Next follows LUMN’s 30 minutes diagram. Notice that stock’s price is over 200(30m), 30(30m) and 9(30m) SMAs. Also notice the up trending channel and that prices are in the middle of the channel and the Bollinger Bands, while MACD and RSI are declining, indicating a possible pullback or more likely a consolidation in these levels, until reaching the channel’s lower trend line. Conclusively, I think no investor should ignore LUMN, because it is very likely to be A SUCCESS TURN TREND STORY that may give big gains in 2021 (and next years) with MINIMUM INVESTMENT RISK. Of course the stock is suitable not only for long term investors, but also for short and mid term traders as well. Finally, I encourage you not to lean on my analysis but to make your own research for the company before investing in LUMN.
NYSE:LUMNLong
by Gnothisafton
5
Globalstar Signs Agreement With Ceres TagGlobalstar Signs Agreement With Ceres Tag, the World’s Only Direct to Satellite Livestock Smart Ear Tag GSAT has signed a commercial agreement with Ceres Tag, to supply satellite services to the livestock industry through the world’s first and only smart ear tag for traceability provenance, biosecurity, health, animal welfare, production improvement and theft reduction. This agreement follows Ceres Tag’s recent success in winning the SVG Ventures THRIVE Challenge and their ear tag being named as the #1 Big Breakthrough Technology for Ag Change in the Next Decade by the AgJournal of Weekend Australian. Ceres Tag will launch May 1, 2021 at the Beef Australia Exhibition in Rockhampton Queensland Australia and will be available for purchase from their online ecommerce website for delivery worldwide. Initial market focus will be Australia/New Zealand and North America. finance.yahoo.com SPOT Partners With Battlbox to Drive Awareness of Winter Safety As part of the partnership, Battlbox Pro Box subscribers will receive a SPOT Gen4, the next generation of the SPOT Satellite GPS Messenger™, with up to 6 months of service. finance.yahoo.com
AMEX:GSAT
by AlenCiken
FTAC Olympus stock surges after Payoneer merger talks reportedPayoneer Inc., an online payments specialist, is in talks to go public through a merger with FTAC Olympus Acquisition Corp., a blank-check firm, according to people with knowledge of the matter. The special purpose acquisition company has begun talks to raise new equity to support a transaction that’s slated to value the combined entity at more than $2.5 billion, said one of the people, who asked to not be identified because the matter isn’t public. As a deal isn’t finalized, it’s possible terms change or talks fall apart. Representatives for New York-based Payoneer and FTAC declined to comment. Founded in 2005, Payoneer -- which has said it’s profitable -- is backed by investors including Wellington Management Co., TCV, Greylock Partners, Ping An and Viola Ventures. The company, founded in Israel by Yuval Tal and now led by Chief Executive Officer Scott Galit, operates in more than 200 countries and territories. It provides services including cross-border payments for customers including Airbnb Inc., Amazon.com Inc., Google and Walmart Inc. its website shows. FTAC, led by Chairman Betsy Cohen and Chief Executive Officer Ryan Gilbert, raised roughly $755 million in an August initial public offering for the purpose of acquiring or merging with a technology or financial services technology-focused company. Read More: SoFi Plans for More Mergers After Going Public Through SPAC Cohen is also chairman of blank-check firms FinTech Acquisition Corp. IV, which last month agreed to combine with Perella Weinberg Partners, and FinTech Acquisition Corp. V. She’s also chairman of FTAC Athena Acquisition Corp. which this week filed paperwork ahead of a targeted $220 million IPO and was the chairman of FinTech Acquisition Corp. III when it merged with payments company Paya Holdings Inc. www.reddit.com
F
by AlenCiken
1
AMC shares rose After $100M Secured-Debt IssuanceAMC Entertainment Jumps After $100M Secured-Debt Issuance AMC issued $100 million in debt of five-year secured notes. to help finance operations through the pandemic. In December the Leawood, Kan., company had secured a commitment for the debt financing from Mudrick Capital Management, the New York investment adviser. Interest on the notes is 15% a year, payable in cash semiannually beginning July 15. For the first three interest periods after the issue date the company can choose payment-in-kind interest at a rate of 17% a year. After that interest must be paid in cash. The notes mature April 24, 2026. Late last month, AMC filed with the SEC to offer as many as 50 million shares in an effort to avoid a bankruptcy filing. That filing came on top of 200 million shares it filed for earlier in the month. AMC has said it needs $750 million. “And in the event of such future liquidation or bankruptcy proceeding, holders of our common stock and other securities would likely suffer a total loss of their investment,” it said in the filing. www.thestreet.com
NYSE:AMC
by AlenCiken