BioNTech Sees Vaccine Sales Push Q1 Revenues To €6.4 Billion
While many may view the pandemic as being over, the financial results of BioNTech (NASDAQ: BNTX) continue to say otherwise. The company continues to see its revenue rise on the back of vaccine sales. BioNTech for the first quarter of 2022 reported total revenues of €6,374.6 million, versus the €2,048.4 million reported for the year […]
Heist Fail: Russian Troops Steal Millions Worth Of Farm Equipment From Ukraine, Only To Find Out They’ve Been Remotely Deactivated
A group of looting Russian troops must have had a pretty spectacularly sad trombone moment after finding out that the US$5 million worth of farm equipment that they stole — and shipped all the way to Chechnya — have been remotely deactivated. The equipment, 27 pieces of farm machinery in total, were taken from a […]
MEG Energy Sees BMO Lift Price Target After Strong Q1 Earnings
On May 2, MEG Energy (TSX: MEG) announced its first quarter financial results for 2022. The company reported revenues of $1.53 billion, up from $914 million a year ago. The company saw its funds flow from operating activities grow from $121 million to $587 million or $1.87 per share, while its net earnings grew from […]
Leon Cooperman Calls Out Ben Kovler For Insider Selling At Green Thumb
It appears billionaire hedge fund investor Leon Cooperman is losing faith in Green Thumb Industries Inc. (CSE: GTII) founder and CEO Ben Kovler — the same Ben Kovler who got Cooperman into pot stocks in the first place, all the way back in 2018. At the Q1 2022 earnings call on Wednesday, Cooperman grilled Kovler […]
Meta Platforms: Canaccord Drops Price Target To $330
Last week Meta Platforms (NASDAQ: FB) reported its first quarter financial results. The company saw its revenue grow 7% year over year to $27.9 billion, slightly below the analyst consensus. The company was not able to escape inflation, as total costs and expenses grew 31% to $19.38 billion as the company grew its headcount by […]
Lucid Group Reports 1Q 2022 Results; Maintains 2022 Production Guidance; Stock Still Looks Quite Expensive
On May 5, Lucid Group, Inc. (NASDAQ: LCID) announced 1Q 2022 results. As expected, the company reported modest revenue of US$58 million in the quarter and enormous 1Q 2022 operating income and operating cash flow deficits — US$598 million and US$495 million, respectively. Perhaps the most constructive element of the release was the company’s affirmation that it expects […]
Activision Sees BMO Lower Estimates After Disappointing Quarter
Recently Activision Blizzard (NASDAQ: ATVI) reported its first quarter financial results. The company reported revenues of $1.77 billion, down from $2.27 billion last year for the same period. Activision also saw its gross profit drop from $1.7 billion down to $1.3 billion this quarter. Its gross margin percent dropped to just under 73% for the […]
Lithium Americas Reports 1Q 2022 Results; Production at Flagship Lithium Project Could Commence Before Year-End
On May 5, Lithium Americas Corp. (TSX: LAC) reported 1Q 2022 results. The most important segment of the release was an affirmation of the company’s mid-March disclosure that the flagship Cauchari-Olaroz lithium brine project in Argentina will start commissioning in the second half of this year. As of March 31, 2022, US$605 million, or 82%, of Cauchari’s US$741 […]
Pig Farmers Call On Tesco For Urgent Aid To Stop “Destruction Of The UK Pig Sector”
It looks like it’s time for Tesco to live by its slogan: “every little helps.” In an open letter addressed to Tesco CEO Ken Murphy on Thursday, the UK’s National Pig Association urged the retail giant to help crisis-hit pig farmers manage soaring production costs. This comes after rival Waitrose announced that they would put […]
Global Food Security at Risk as Fertilizer Prices Continue to Skyrocket
The compounding economic crises over the past several years have exasperated vulnerabilities across a number of important commodities, including energy, lumber, and precious metals. However, this time joining the list is fertilizer, which can have grave and immediate impacts on the world’s food supply. The price of fertilizers— namely those made from primary macronutrients including […]