McDonald’s Selling Russian Operations to Local Buyer, To Debrand All Restaurants
After more than three decades, McDonald’s (NYSE: MCD) decided to pull the plug on its Russian operations, and sell all of its restaurants to a local buyer. After pausing all Russian operations back in March in response to Moscow’s military operation in Ukraine, McDonald’s re-evaluated its business strategy, deciding to leave the country entirely. The […]
Taiga Motors Records Inaugural Revenue, $9.1 Million Net Loss In Q1 2022
Taiga Motors Corporation (TSX: TAIG) announced today its financial results for Q1 2022. The firm recorded revenue from its inaugural deliveries of electric snowmobiles at $0.1 million. However, cost of sales amounted to $2.2 million, leading to a gross loss of $2.0 million. The firm also recorded a net loss of $9.1 million during the quarter […]
Fintech SPAC Prime Number Acquisition I Prices US$60 Million IPO
Special purpose acquisition company Prime Number Acquisition I Corp (Nasdaq: PNACU) started trading its securities on the Nasdaq Global Market on Friday. The firm priced its initial public offering, aiming to raise total proceeds of US$60.0 million. The offering will entail selling 6.0 million units priced at US$10.00 per unit. Each unit is composed of […]
Gatekeeper Systems: Protecting People In Transit – The Daily Dive
Joining us for the first time on the Daily Dive today is that of Doug Dyment, CEO of Gatekeeper Systems (TSXV: GSI). Doug joins us today to discuss the current sentiment in the tech sector, and the impact of the ongoing supply shortage of semiconductors. We then transition into a discussion on Gatekeeper, including a […]
Aztec Minerals Sees Alamos Gold Take 9.9% Stake In Company
Aztec Minerals (TSXV: AZT) is set to have a new strategic investor. The company announced this morning that it will be conducting a private placement, with Alamos Gold (TSX: AGI) set to be a lead order on the financing. The financing will see Aztec raise gross proceeds of $3.0 million at a price of $0.30 […]
Novo Resources Widens Revenue, Losses In Q1 2022
Novo Resources Corp. (TSX: NVO) reported its Q1 2022 financials on late Friday, toplined by a quarterly revenue of $31.9 million. This is a significant jump from Q1 2021’s revenue of $7.7 million. The quarterly revenue came from selling 13,364 gold ounces at C$2,389 per ounce compared to last year’s 3,497 gold ounces at C$2,205 […]
GameStop Appoints Belk CEO Nir Patel As COO
Seven months since the company terminated its COO, GameStop Corp (NYSE: GME) announced today that it is appointing former Belk CEO Nir Patel to assume the role. Prior to this, the function was apparently absorbed by other members of the management team. According to its SEC filing, the position was formally offered to Patel on Thursday. […]
Voyager Digital Records US$102.7 Million In Revenue, US$61.4 Million Net Loss In Fiscal Q3 2022
Voyager Digital Ltd. (TSX: VOYG) announced today its financial results for the fiscal third quarter of 2022, ended March 31, 2022. As it had previously announced, the firm saw its revenue decline quarter-on-quarter to US$102.7 million from Q2 2022’s US$164.8 million but an increase from Q3 2021’s US$60.4 million. Breaking down the topline revenue figure, […]
Kontrol Technologies Posts Q1 Revenues Of $26.6 Million
Kontrol Technologies (NEO: KNR) has seen a slight revenue decline on a quarter over quarter basis. The firm this morning filed its first quarter 2022 financial results, posting revenues of $26.6 million for the period ended March 31, 2022. Revenues of $26.6 million for the quarter were down 7.2% from the $28.7 million in revenue […]
Equinox Gold Suspends Operations At RDM Mine, Withdraws Guidance
Equinox Gold (TSX: EQX) this morning announced that it has halted operations at its RDM Mine in Brazil. The production halt comes as a result of delayed permits related to its tailings storage facility. Presently, the company is awaiting on officials to provide permits for a scheduled tailings storage facility raise on site to be […]