Chegg’s Guidance Could Imply the Entire Edtech Space Should be Avoided
Chegg, Inc. (NYSE: CHGG), a leading e-learning firm, reported 1Q 2022 earnings after the close of regular trading on May 2 which included a dour outlook for the remainder of 2022. The stock plummeted 30% on May 3, and the disappointing guidance may have made not only Chegg, but the entire online education sector, essentially uninvestable […]
CloudMD Gets Price Target Cut By Canaccord Genuity
On Monday CloudMD Software & Services Inc. (TSXV: DOC) reported its fourth quarter results for the period ended December 31, 2021. The company reported revenues of $38.7 million, down sequentially. The company attributes this decline to the completion of its COVID testing contracts. Gross margins also contracted, dropping to 30% from 34% last quarter and […]
Mining Firm Austin Gold Prices US$13 Million IPO
Gold exploration company Austin Gold Corp. (NYSE: AUST) began trading on the New York Stock Exchange today. The firm prices its initial public offering for aggregate proceeds of approximately US$13.06 million. The offering consists of 3,265,000 common shares at US$4.00 per share. The company also said that the underwriters are exercising the over-allotment option to […]
Pegasus Resources: An Early Mover In The Uranium Sector – The Daily Dive
Joining us for the first time on the Daily Dive is that of Charles Desjardins, CEO and Director of Pegasus Resources (TSXV: PEGA). Charles joins us this afternoon to discuss the Sprott Physical Uranium Trust and its impact on the markets, and the current dependence on Russian uranium. Next, we move the discussion to Pegasus […]
Ride-Hailing Falling: Uber, Lyft Plummet After Reporting Disappointing Q1 2022 Financials
Lyft, Inc. (Nasdaq: LYFT) released on Tuesday its Q1 2022 financials while Uber Technologies, Inc. (NYSE: UBER) published its financials this morning. Despite reporting year-on-year increases in topline revenue, both ride-hailing platforms still recorded net losses. Uber notched US$6.85 billion in revenue for the quarter compared to Q1 2021’s US$2.90 billion. Lyft posted US$875.6 million […]
Singapore-Based A SPAC II Acquisition Prices US$185 Million IPO
Special purpose acquisition company A SPAC II Acquisition Corp. (Nasdaq: ASCBU) started trading on the Nasdaq Capital Market on Tuesday. The firm aims to raise US$185.0 million in its initial public offering. The offering consisted of 18.5 million company units at US$10.00 per unit. Each unit contains one Class A common share, one-half of a […]
Pay Increase, Inflation, Suspended Outlook: Starbucks Shares Spike 5% Following Fiscal Q2 2022 Financials
Starbucks(Nasdaq: SBUX) released on Tuesday its fiscal Q2 2022 financial results. The company posted US$7.64 billion in revenue, an increase from Q2 2022’s revenue of US$6.67 billion and also in-line with the estimates. Following the earnings release, the beverage firm’s shares spiked as much as 5% pre-market. While North America store sales increased by 12%, international […]
Zoltan Pozsar: “The Fed Will Do QE Again By Summer 2023”
Continuing on his Bretton Woods III theory, Credit Suisse contributor Zoltan Pozsar laid out the possible chokepoints in a new economic world order tied to commodities. “Our aim with this review is to build an “inventory” of triggers that may lead to “G-SIB score-like” chokepoints to the flow of commodities,” said Pozsar. He also said […]
Equinox Gold Declares US$223.2 Million In Revenue, US$19.8 Million Net Loss For Q1 2022
Equinox Gold Corp. (TSX: EQX) reported on late Tuesday its financial and operational results for Q1 2022, which highlighted revenue of US$223.2 million. This is a decrease from last quarter’s US$381.2 million and last year’s US$229.7 million. But the company posted a US$19.8 million net loss which is a notable decrease from last quarter’s US$109.0 […]
CGX Energy Continues To See Cash Position Deteriorate In First Quarter Of 2022
CGX Energy (TSXV: OYL) last night reported its first quarter financial results. While typically exploration-stage financial results are rather un-noteworthy, the latest results from CGX slightly buck this trend. The story on these results, above all else, is the current cash position of the company and the strength of its balance sheet. Over the course […]