SpaceX Loses 80% of Starlink Satellites From Recent Launch Due to Geomagnetic Storm
Elon Musk’s SpaceX has not fared too well in the past week, after nearly 80% of its recently launched Starlink satellites fell out of orbit amid a powerful geomagnetic storm. SpaceX this week revealed that 40 of its 49 satellites recently launched with the Falcon 9 rocket were lost, and are now en route to […]
Altus Midstream Announces Shareholder Approval Of Merger With BCP Raptor, Name Change
Altus Midstream Company (Nasdaq: ALTM) announced on Thursday that it has secured the approval of its shareholders for the previously announced business combination with BCP Raptor Holdco. The latter is the parent company of EagleClaw Midstream business. With 88% of shareholders on record at the special meeting, 99% voted in favor of the merger. At closing, […]
Ross Gerber Shuns Europe, China Markets For Investment: “America Is The Only Game In Town”
In his February shareholder meeting, Ross Gerber, portfolio manager of Gerber Kawasaki ETF (NYSE Arca: GK) took it out on the European market, saying it is “always a nightmare to do business” in the continent. “You wanna put a million dollars to work, you’re gonna buy a bunch of European companies? Why?” asked Gerber in […]
Affirm Holdings Plunges After Retracting Earnings Highlight Tweet
In what some are now calling the biggest rug pull of the year, Affirm Holdings, Inc. (Nasdaq: AFRM) retracted today its tweet outlining positive highlights of its Q2 2022 financial results, failing to acknowledge its net losses. Attributing the faux pas to human error, the firm explained that “a small portion” of the results were inadvertently […]
Entourage Health Reports 2021 Preliminary Data, Q4 Revenues Appear To Slip
Entourage Health (TSXV: ENTG) this morning provided preliminary revenue figures for the full fiscal year of 2021. The company reportedly on a preliminary basis recorded total revenues of $54.8 million for the twelve month period. The preliminary revenue figure represents a large improvement over 2020, which saw total revenues of $35.5 million, and net revenues […]
PyroGenesis Announces Stock Buyback Program For 2022
PyroGenesis Canada (TSX: PYR) is looking to stop the slow bleed of its equity valuation. The firm this morning announced that it has been approved to conduct a normal course issuer bid, which is more commonly referred to as a stock buyback program. Under the planned program, the company intends to buy up to 4.4% […]
Cineplex Sees Q4 2021 Revenues Grow To $300.0 Million
The results are in for Cineplex Inc (TSX: CGX), whom this morning reported its fourth quarter and full year 2021 financial results. Often used as a gauge for the current state of the ongoing pandemic, the firms results this morning were promising, with the company CEO commenting that it “delivered its strongest quarter in two […]
Eguana Tech Receives 1,000 Unit Purchase Order Worth Over $11.0 Million
Eguana Technologies (TSXV: EGT) has received a further purchase order under its previously announced arrangement with the Omega Group. The second purchase order follows a significant order received at the tail end of December. The latest purchase order amounts to a total of 1,000 units, which is said to represent 5 MW of battery storage. […]
Equinox Gold Sees BMO Lower Price Target To $11.50
At the end of January, Equinox Gold Corp. (TSX: EQX) announced its 2022 production guidance. The company expects to produce between 625,000 and 710,000 ounces of gold with a cash cost of $1,080 to $1,140 per ounce. The all-in sustaining cost is expected to be between $1,330 to $1,415 per ounce. While the company expects […]
Aurora Posts Flat Quarterly Revenue Growth In Q2 2022
Aurora Cannabis (TSX: ACB) this evening reported its second quarter financial results. The firm reported effectively flat quarter over quarter figures, while revenue on a year over year basis saw a decline of 10.5%. Revenues for the quarter came in at $60.6 million, down from $67.7 million in the prior year. Revenues were comparative up […]