SSR Mining: Canaccord Reiterates Firm As Being A Top Pick
On August 4, SSR Mining (TSX: SSRM) reported its second quarter financial results. The company announced revenues of $376.9 million, a gross margin of 41%, net income of $51.6 million which means earnings per share came in at $0.46. The company produced 170,640 ounces of gold at an average cash cost of $653 while the […]
Tech SPAC AxonPrime Infrastructure Acquisition Conducts US$150 Million IPO
Special purpose acquisition company AxonPrime Infrastructure Acquisition Corporation (Nasdaq: APMIU) started trading publicly on the Nasdaq Capital Market last Friday. The company is seeking to raise US$150 million in its initial public offering. The offering consists of 15.0 million units priced at US$10.00 per unit. Each unit is composed of one Class A common share […]
Amendment to Giant U.S. Budget Reconciliation Bill is a Negative for Electric Vehicle Industry
On August 11, the U.S. Senate, by a 51-48 margin, passed an amendment to the US$3.5 trillion budget reconciliation bill, which includes generally unconstructive federal tax credits changes for electric vehicles (EVs). Since these credits are a key part of a U.S. car shopper’s buying decision regarding whether to purchase an EV or a gasoline-powered […]
Oatly Records US$146.2 Million In Revenue, US$59.1 Million Net Loss In Q2 2021
Oatly Group AB (Nasdaq: OTLY) reported this morning its financial statements for the quarter ending June 30, 2021, a month after receiving accusations of conducting shady accounting practices and greenwashing. The results highlighted a quarterly revenue of US$146.2 million, up from Q2 2020’s revenue of US$95.3 million. The company relayed that the revenue increase can […]
DeFi Technologies Posts ($1.9) Million In Revenue, $4.9 Million Adjusted Net Loss For Q2 2021
DeFi Technologies Inc. (NEO: DEFI) announced today its financial results for Q2 2021. The company recorded a negative $1.9 million revenue for the quarter. The figure is impacted by realized losses on digital assets amounting to $4.0 million and unrealized losses on investments amounting to $2.3 million; the latter includes an unrealized loss of $1.8 million […]
Zoglo’s Adds Walmart To List Of Retailers For New Incredible Product Line
Zoglo’s Incredible Food Corp (CSE: ZOG) this morning had a major development in terms of its distribution within Canada. The plant-based food firm this morning has seen the expansion of its retail distribution to include select Walmart locations throughout the country. One of the largest retailers in the country, Walmart, via Walmart Canada, serves over […]
Datametrex AI Records Q2 Revenues Of $10.4 Million, Net Income
Datametrex AI (TSXV: DM) this morning reported its second quarter financial results, reporting revenues of $10.4 million for the period ended June 30, 2021. The company also managed to post yet another net income for the quarter, a result of its Health Security division continuing to drive sales for the firm. Revenues for the quarter […]
MediPharm Labs Revenues Continue To Decline, Posts Negative Gross Margin
Medipharm Labs (TSX: LABS) this morning continued to show its desperate need for effective leadership. The company posted yet another quarter of declining revenues and negative margins, posting just $5.1 million in revenues for the second quarter along with a loss of $11.8 million. Revenues continue to fall for the struggling firm that was once […]
Auxly Cannabis Posts Q2 Revenues Of $20.9 Million, Net Income
Auxly Cannabis (TSX: XLY) is seemingly doing the impossible – grabbing marketshare in an increasingly fragmented Canadian cannabis market. The company this morning reported revenues of $20.9 million for the quarter ended June 30, while posting a positive net income of $8.7 million. Revenues were up significantly on both a quarter over quarter and year […]
Tesla Sees NHTSA Open Investigation Into AutoPilot
It appears that Tesla (NASDAQ: TSLA) might finally be in hot water for its AutoPilot system, which has been in perpetual beta mode for consumers. It was revealed this morning that the National Highway Traffic Safety Administration, or NHTSA, has formally opened an investigation into the program. Specifically, the agency is examining the use of […]