StockNews.AI Key Events @ 8/15

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Daniel from StockNews.AI
August 15, 2024

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🫡 Here are major event alerts and their 24-hour returns for our subscribers this week
GlobeNewsWire

BullishShortTerm 15.73%ASNSEarnings

Actelis Networks Reports Q2 2024 Results: 372% Sequential Revenue Growth, 81% Year-Over-Year Increase, and Positive EBITDA

  1. ASNS reports 81% YoY revenue growth to $3.43 million in Q2 2024.
  2. Operating expenses reduced by 20% to $1.88 million, enhancing profitability.
  3. Achieved a net loss of $78,000, marking substantial improvement from 2023.
  4. Raised nearly $5 million to strengthen liquidity, meeting Nasdaq requirements.
  5. Deployment of GigaLine solutions shows strong market interest and customer traction.
Save you 22 mins
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PRNewsWire

BearishShortTerm -12.32%ELTKEarnings

Eltek Ltd. Reports 2024 Second Quarter Financial Results

  1. Q2 2024 revenue decreased to $10.5 million from $11.0 million in 2023.
  2. Net income fell to $0.8 million or $0.11 per share, down from $1.3 million.
  3. Orders for complex PCBs are delayed, impacting short-term performance but backlog is up 30%.
  4. Company expects recovery in profitability in Q3 as product mix realigns.
Save you 16 mins
Full Article
Business Wire

BullishShortTerm 12.32%GBREarnings

New Concept Energy, Inc. Reports Second Quarter 2024 Results

  1. New Concept Energy posted net income of $3,000 in Q2 2024.
  2. Q2 2024 revenue increased to $37,000, up from $35,000 in Q2 2023.
  3. Corporate expenses decreased slightly from $81,000 in 2023 to $78,000 in 2024.
  4. Interest income rose to $56,000, compared to $54,000 in the prior year.
  5. Stockholders' equity reached $4,560, showing stability in financial position.
Save you 6 mins
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Accesswire

BullishLongTerm 11.79%BMTXEarnings

BM Technologies Reports Second Quarter & First Half 2024 Results

  1. BMTX reported Q2 2024 revenue of $12.5 million, reflecting a 1% decline YoY.
  2. Interchange and card revenue surged 57% YoY, validating their Durbin-exempt strategy.
  3. Net loss was $(4.8) million this quarter, impacted by one-time technology costs.
  4. IDV product launched to mitigate fraud, attracting new university clients.
  5. Cash position remains strong at $12.5 million with no debt.
Save you 22 mins
Full Article
Accesswire

BullishLongTerm 11.71%OSTXEarnings

OS Therapies Reports Second Quarter 2024 Financial Results

  1. OSTX raised $6.4 million in IPO, enhancing cash runway to mid-2025.
  2. Conversion of debt into equity increased common shares to 20.85 million.
  3. Positive Phase 2b trial results for OST-HER2 expected in Q4 2024.
  4. OST-HER2 has received key FDA designations, aiding commercialization efforts.
  5. Company's quarterly loss decreased from $2.505 million to $1.557 million.
Save you 10 mins
Full Article
GlobeNewsWire

BullishShortTerm 11.13%ONFOEarnings

Onfolio Holdings Inc. Announces Second Quarter 2024 Financial Results and Provides Corporate Update

  1. ONFO revenue increased by 32%, totaling $1.73M in Q2 2024.
  2. Net loss decreased by 36% to $0.86M compared to last year.
  3. Operating expenses reduced by 18%, improving overall margin performance.
  4. Successful acquisition of DDS Rank with minimal cash usage.
  5. Cash burn reached its lowest since the IPO, indicating operational efficiency.
Save you 19 mins
Full Article
GlobeNewsWire

BearishShortTerm -10.8%DDSEarnings

Dillard's, Inc. Reports Second Quarter and Year-to-Date Results

  1. Dillard's Q2 shows 5% sales drop and reduced net income.
  2. Operating expenses increased due to higher payroll, impacting profitability.
  3. Cash reserves over $1 billion provide potential for recovery efforts.
Save you 17 mins
Full Article
Business Wire

BullishLongTerm 9.94%RDWM&A

Redwire to Acquire Spacecraft Developer Hera Systems

  1. Redwire Corporation acquires Hera Systems, enhancing its capabilities in national security space.
  2. Hera recorded $15 million revenue in 2023, supporting Redwire's future growth.
  3. Redwire adjusts 2024 revenue guidance from $300M to $310M due to the acquisition.
  4. Hera's technology complements Redwire’s existing national security solutions.
  5. The acquisition fits Redwire's strategy to bolster space infrastructure capabilities.
Save you 11 mins
Full Article
Zacks Investment Research

BearishShortTerm -8.41%KOREM&A

Compared to Estimates, Cerberus Telecom Acquisition (KORE) Q2 Earnings: A Look at Key Metrics

  1. KORE revenue of $67.87 million, down 2.4% year-over-year.
  2. EPS reported at -$0.99, improving from -$1.20 last year.
  3. Revenue missed estimates by 7.50%, indicating potential struggles.
  4. Cerberus Telecom shares rose 111.9% but KORE ranks at Sell.
Save you 3 mins
Full Article
Business Wire

BullishLongTerm 8.1%LACEarnings

Lithium Americas Reports Second Quarter 2024 Results

  1. LAC secured a $2.26 billion loan from the U.S. DOE for Thacker Pass construction.
  2. Thacker Pass set to produce 40,000 tonnes of battery-grade lithium per year.
  3. Construction completion expected in 2H2024, increasing LAC's production capacity.
  4. LAC reported cash and equivalents of $375.8 million as of June 30, 2024.
  5. The company experienced net losses due to higher operational costs and expenses.
Save you 21 mins
Full Article


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