Fisker Inc Reports First Quarter Loss, Will Not Accept or Invest in Bitcoin
Shares of Fisker Inc were in peril on Monday, after the EV startup reported dismal earnings for the last quarter, while revealing plans to maintain its current level of capital spending for the remainder of the year. The LA-based company, which is expected to debut its first vehicle next year, reported a loss of 63 […]
Take-Two Interactive: Consensus Points To $664 Million In Q4 Revenues
Take-Two Interactive (NASDAQ: TTWO) will be reporting their fiscal fourth-quarter financial results May 18th after market close. Analysts have a consensus $220.28 12-month price target on the company, via a total of 28 analysts, with six analysts having strong buy ratings, 12 analysts having buy ratings, nine have hold ratings and there is one sell […]
Stem Holdings Posts Record Quarter With $10.5 Million In Net Revenues
Stem Holdings (CSE: STEM) this morning reported its first quarter financial results. The company posted strong earnings, with revenues increasing to a record gross $12.4 million for the three month period. On a net basis, revenues came in at $10.5 million. Revenues were up significantly on a year over year basis, with net revenues last […]
‘The Big Short’ Michael Burry Makes $530 Million Bet Against Tesla
The past month has been a volatile one for Tesla, which has seen its shares plummet by nearly 20% despite posting record first quarter profits (all thanks to its sale of regulatory credits and bitcoin). It also appears that the price of Tesla has been strongly correlated with CEO Elon Musk’s mood of the day […]
High Liner Foods Sees Revenues Decline 9.4% Year Over Year
High Liner Foods Incorporated (TSX: HLF) today announced the company’s financial results for the thirteen weeks ended April 3, 2021. The company reported sales volumes of just under 69.8 million pounds, which decreased by 7.5 million pounds, compared to the 77.3 million pounds reported in Q1 2020. In dollar terms, sales declined to $243.4 million […]
Macy’s Reports $4.7 Billion In Revenue For Q1 2021, Raises Guidance
Macy’s, Inc. (NYSE: M) today announced results for the first quarter of 2021, highlighting net sales of $4.7 billion in comparison to $3 billion for the 13 weeks ended May 2, 2021. Macy’s recorded diluted earnings per share of $0.32 and adjusted diluted earnings per share of $0.39, both figures exceeding expectations for the period. […]
Greenlane Holdings Sees Flat Sales Quarter Over Quarter
Greenlane Holdings, Inc. (NASDAQ: GNLN), today announced their financial results for the first quarter of 2021. The company highlighted total revenue, which increased 0.4% to $34.0 million for the quarter, compared to $33.9 million for the first quarter of 2020. Gross profit and gross margin were stagnant at $7.3 million and 21.5% respectively. Excluding damaged […]
Dore Copper Mining Announces $13.0 Million Bought Deal Financing
Dore Copper Mining Corp (TSXV: DCMC) this morning announced that it has entered into an arrangement with Cormark Securities and Paradigm Capital to conduct a bought deal financing. The financing is to consist of a $8.0 million bought deal for common shares of the company, as well as a $5.0 million bought deal for flow […]
Vivo Cannabis Reports Q1 Revenue Of $5.5 Million, Net Loss Of $3.5 Million
VIVO Cannabis Inc. (TSX: VIVO) last night reported its Q1 2021 financial and operating results. The company highlighted net revenue of $5.5 million, a decrease of 11% over the previous quarter. Revenues were down from $6.2 million in the prior quarter, with the company blaming the decline on a one-time $0.6 million excise tax underestimate, […]
EarthRenew Signs LOI With K+S Potash As Part Of Proposed 100,000 Tonne Manufacturing Facility
EarthRenew Inc (CSE: ERTH) this morning had a major announcement, in that it has entered into a letter of intent with that of K+S Potash Canada. The proposed arrangement will see the company lease a total of 15 acres from K+S as part of a new manufacturing facility. The proposal outlines an arrangement whereby EarthRenew […]