Virgin Galactic: Canaccord Slashes Price Target From $36 To $8
Last week Virgin Galactic Holdings (NYSE: SPCE) released its first quarter financial results and related commentary. Though the results were basically absent, as the company reported $319,000 in revenue with $91.7 million in operating expenses, putting the company at a total net loss of $98.86 million, or earnings per share of ($0.36). They ended the […]
AMC Entertainment Reports Q1 2022 Financials: US$785.7 Million In Revenue, US$337.4 Million Net Loss
AMC Entertainment Holdings, Inc. (NYSE: AMC) reported on Monday its preliminary results for Q1 2022, earning US$785.7 million in revenue. This is a decrease from Q4 2021’s US$1.17 billion but an increase from Q1 2021’s revenue of US$148.3 million. “Our results for the first quarter of 2022 represent AMC’s strongest first quarter in two full […]
InsuraGuest Reports Sales Results For First Ski Season For ISG Active
InsuraGuest Technologies (TSXV: ISGI) this morning released the first data on the performance of ISG Active, the subsidiary launched recently to capitalize on insurance within the sports industry. The subsidiary has reportedly generated a total of US$260,879 in gross premiums from digitally delivered events-based insurance products since its launch on December 16. Of that figure, […]
GFL Environmental To Repurchase Up To 5% Of Shares Under Buyback Program
GFL Environmental (TSX: GFL) is looking to provide some returns to shareholders. The company this morning revealed it intends to undertake a share buyback program. The normal course issuer bid will see the company repurchase up to 5% of its issued and outstanding shares over the course of the next twelve months, beginning May 12, […]
Pond Technologies Sees Success In Production Of Proteins From Algae Under Partnership
Pond technologies (CSE: POND) continues to see success within its biotech division. The company this morning indicated it ahs seen successful results from the production of recombinant proteins, via a project undertaken last August with a major Canadian oilsands producer and Fortune 500 company. Under the project, the company is producing complex proteins for the […]
Curaleaf Holdings Reports Negative Revenue Growth In Q1, Replaces CEO
Growth appears to have gone negative within the US cannabis space. Following Green Thumb Industries (CSE: GTII) posting negative revenue growth for the first quarter last week, Curaleaf Holdings (CSE: CURA) looks to be in the same boat. The company last night posted its first quarter results, indicating that revenue has fallen 2% from the […]
Emerita Resources Receives Drill Permits For La Romanera Deposit
Emerita Resources (TSXV: EMO) has finally received the latest round of drill permits required to continue with planned exploration at its Iberia Belt West project in Spain. The firm this morning indicated that the regional authority had granted the firm the required authorizations to proceed with a previously announced drill program at the property. The […]
Cronos Group Sees Revenues Stay Flat In First Quarter Versus Q4, Margins Improve
Cronos Group (TSX: CRON) this morning posted its first quarter financial results for 2022. Surprisingly, the company appears to be becoming a bit of a comeback story, with its performance overall improving over that of the fourth quarter. Revenues for the quarter were down slightly, falling from $25.8 million in the fourth quarter to $25.0 […]
Tyson Foods’ Latest Earnings Show Continued Sharp Rise in Food Inflation
Tyson Foods (NYSE: TSN) today published its earnings report for the second quarter and spoiler alert: more food inflation. The company reported sales of $13.1 billion in the second quarter 2022, marking a 1.5% year-over-year increase. Operating margins stood at 8.8%, up from the 6.4% noted during the same period one year ago. Earnings per […]
Americans Growing Increasingly Worried Over Maintaining Standard of Living as Inflation Surges
It appears that Americans’ optimism over their personal finances and the economy has taken a turn for the worse, as over half are gravely concerned they may not be able to make ends meet. A recent Economy and Personal Finance poll conducted by Gallup shows that 52% of respondents are worried about maintaining their standard […]