Perk Labs Inc reported its second-quarter results after the bell Monday, its first report since Ryan Hardy took the reigns as CEO.
During the quarter, Perk Labs completed its purchase of Getit Technologies, which saw Hardy become CEO and Jonathan Hoyles transition to chief legal officer. The acquisition has pushed Perk Labs into large enterprise businesses and “dramatically increased its product portfolio and its revenues,” the company said in a statement.
Caesars Entertainment Inc announced a new iGaming product that it hopes will bridge the gap between in-person and online gamblers at Caesars Palace locations and online.
The idea is to easily transfer online rewards over to in-person rewards, according to reports.
GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) said Monday that its operations in the Republic of Niger have continued as usual and that its employees are safe amid regime change in the country.
“Our employees are safe and continue to work diligently on our Madaouela uranium project, ensuring that our activities at both the project site and our office in the capital city of Niamey proceed without interruption,” the company said in a statement.
Givex Corp (TSX:GIVX, OTCQX:GIVXF) has reported second-quarter financial results, revealing increases in revenue and gross profit.
For the three months ended June 30, the workflow technology company reported revenue of $19.4 million, up 15% year-over-year, and gross profit of $1.9 million, up 16% year-over-year.
JPMorgan Chase processed more than $1.1 million in payments made from Jeffrey Epstein to women or girls after the bank had removed him as a client, a lawyer for the US Virgin Islands told a judge on Monday.
The recipients primarily had Eastern European surnames, according to reports, and some $320,000 went to individuals who had previously never received a payment from Epstein.
Birkenstocks may soon be coming to the trading room floor.
L Catterton, the private equity firm with backing from luxury French fashion house LVMH, is planning a potential listing that could value the iconic German sandal brand at more than $8 billion.
New Relic shares took off on Monday after the software company announced it has agreed to be acquired by investment firms Francisco Partners and TPG for $87 per share in cash, valuing the company at approximately $6.5 billion.
The company said in a statement that this purchase price represents a premium of about 26% to New Relic’s 30-day volume weighted average closing price ending on July 28, 2023.
Spero Therapeutics shares soared after the clinical-stage biopharmaceutical company announced that it has received special protocol approval from the United States Food and Drug Administration (FDA) for the design and size of its Phase 3 study of its investigational therapeutic tebipenem HBr in patients with complicated urinary tract infection (cUTI), including acute pyelonephritis (AP).
Shares of the Cambridge, Massachusetts-based company, which is focused on developing and commercializing treatments for rare diseases and multi-drug resistant bacterial infections, had added 14.1% at US$1.62 on Monday afternoon.
Starbucks is on track to impress investors with its fiscal third quarter 2023 earnings, with year-over-year growth on the top and bottom lines expected to be driven by a rebound in sales in China following the loosening of pandemic-related restrictions.
The Seattle-based coffee giant is expected to report earnings per share (EPS) of $0.95, up 13.1% from $0.84 in the year-ago quarter, when it posts its 3Q earnings after the market close on Tuesday, August 1.
ON Semiconductor shares moved higher on Monday after the chipmaker unveiled above-market third quarter guidance on its expectation of rising demand for silicon carbide.
The Arizona-based chipmaker expects to post 3Q revenue between $2.1 billion to $2.2 billion, above the $2.07 billion expected by Wall Street analysts, according to Refinitiv data.
Pegasystems shares rose Monday as Wedbush analysts added the enterprise software company to its Best Ideas List.
The firm also maintained its Outperform rating and $65 price target. Shares of Pegasystems climbed nearly 3% Monday afternoon to $52.29.
Palantir Technologies stock jumped Monday ahead of its earnings next week after analysts at Wedbush initiated coverage of the firm with a 'Buy' rating and a $25 price target.
The software developer "has built an AI fortress that is unmatched and poised to be a major player in this AI Revolution over the next decade," the analysts wrote in a note to clients.
Airbnb is expected to report a year-over-year drop in bookings and average daily rates (ADR) for the second quarter when it hands down its latest financial results on August 3 after the market close.
When reporting its first quarter earnings in May, the company flagged that nights and experiences booked during 2Q would have unfavorable year-over-year comparisons as this period overlaps with pent-up 2022 demand following the Omicron COVID variant.
Apple Inc (NASDAQ:AAPL) is positioned to deliver “another flex the muscles moment,’ when it reports earnings Thursday after the close, according to analysts at Wedbush.
The key, as ever, is iPhone revenue.
For the second time, Johnson & Johnson (NYSE:JNJ) has seen its attempt to resolve an avalanche of lawsuits that its talc baby powder and other talc-based products caused cancer rebuffed in bankruptcy court.
A federal bankruptcy judge in New Jersey ruled that the second bankruptcy filing from J&J subsidiary LTL Management must be dismissed, saying the company was not in imminent financial distress.
SoFi Technologies shares rose almost 17% after the FinTech firm raised its 2023 full-year guidance and reported better-than-expected second quarter earnings on deposit growth and lower loan funding costs.
For the year, the company now expects to generate revenue between $1.974 and $2.034 billion, up from its previous guidance of $1.955 to $2.02 billion.
Convenience and mobility store leader Alimentation Couche-Tard announced that it has entered into an agreement with Caisse de dépôt et placement du Québec (CDPQ) to repurchase for cancellation more than 10.82 million shares of Couche-Tard, at a price of $64.69 per share, for a total of approximately $700 million.
The repurchase price represents a 3% discount to the closing price of the shares on the Toronto Stock Exchange on July 28, 2023, the company said.
Pan American Silver Corp shares popped Monday after the company announced plans to sell a 56% stake in an Argentinian copper project to Glencore.
The Swiss giant will pay $475 million to Pan American Silver as the latter moves to sell some non-core assets.
Cannabis companies Cresco Labs and Columbia Care announced Monday that their $2 billion merger, which was announced in March last year, has been amicably terminated.
Cresco Labs CEO Charles Bachtell said the decision was made to serve the long-term interest of the company and its shareholders “in light of the evolving landscape in the cannabis industry.”
Xeris Biopharma Holdings (NASDAQ:XERS) said it has shipped more than 1 million units of Gvoke, its ready-to-use liquid glucagon for the treatment of severe hypoglycemia in adults and children aged two years and older with diabetes.
“We are proud to celebrate this major milestone of having shipped over 1 million units of Gvoke since its launch,” Xeris CEO Paul R. Edick said in a statement.
Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF) announced it has entered into a farm-in agreement with Derkim Poliüretan Sanayi ve Ticaret A.S. to earn a 50% working and revenue interest in three oil exploration blocks spanning 151,484 hectares located in the Cudi-Gabar province, Türkiye in proximity to recent discoveries.
The company said that to earn the 50% stake, it must acquire 351 kilometres (km) of 2D seismic in 2023 and drill four wells in 2024.
Guyana Goldstrike Inc (TSX-V:GYA) announced that it has entered into a letter of intent to acquire the Jupiter copper project in Antofagasta, Chile from Jupiter Electric Metals.
Following the closing of the transaction, the company said in a statement that it plans to change its name to Copper X Mining as it focuses its resources on developing the project.
Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) has reported positive results from its shallow drilling and geophysical exploration program at the Dark Horse prospect at its Bayan Khundii project in southwest Mongolia.
The company said exploration identified multiple areas of near-surface gold and indicator element anomalism, with 12 holes intersecting anomalous gold, greater than 0.1 grams per ton (g/t) and up to 5.8 g/t.
Magna Mining Inc (TSX-V:NICU) has announced the successful completion of its Preliminary Economic Assessment (PEA) by Stantec on its 100% owned Crean Hill Nickel Project located in Sudbury, Ontario, Canada.
The Base Case scenario for the PEA envisions a combination of open pit and underground mining, with Life of Mine (LOM) potential mineable resource being sold to a third-party existing mill in Sudbury.
Power Nickel Inc (TSX-V:PNPN) said it has exercised its option to acquire 50% of the Nisk project, a high-grade Nickel PGM Project near Nemaska, Quebec.
The company also said it has informed its partner, Critical Elements Lithium Corp, about its intention to exercise the second option to acquire an additional 30% interest, bringing its ownership in the project to 80%.
Touchstone Exploration Inc (AIM:TXP, TSX:TXP, OTC:PBEGF) is on the verge of a major uptick in production as it enters the final countdown to the start-up of the Cascadura field in Trinidad.
The company, in a statement, said the newly built Cascadura facility was mechanically complete on Sunday 30 July, pressure testing was 70% complete and the electrical and instrumentation connections to the National Gas Company of Trinidad and Tobago pipeline were being completed.
Planet 13 Holdings Inc has said it plans to release its financial results for the second quarter ended June 30th, 2023, on August 9, 2023, aftermarket. Planet 13 will host a conference call on August 9, 2023, at 5.00pm ET to discuss its second quarter financial results and provide investors with key business highlights, strategy, and outlook. The call will be chaired by Bob Groesbeck, Co-CEO, Larry Scheffler, Co-CEO, and Dennis Logan, CFO. Participant Dial-in details: Toll Free 888-506-0062 or International 973-528-0011. Access Code 940077; Replay Dial-in Toll Free 877-481-4010 or International 919-882-2331; Replay Passcode: 48812; Webcast https://www.webcaster4.com/Webcast/Page/2477/48812
Aurion Resources Ltd said it has entered into an agreement whereby B2Gold Corp has agreed to contribute €3,5 million for the repurchase of the 3% net smelter return royalty covering the Kutuvuoma project, which is part of the joint venture between B2Gold (holding a 70% interest) and Aurion (holding a 30% interest). As previously announced, Aurion entered into an option agreement dated May 29, 2023, with Dragon Mining Ltd which provided Aurion with the option to acquire and eliminate all encumbrances on the Kutuvuoma and Silasselkä projects, including the Kutuvuoma Royalty and a 3% net smelter return royalty covering the Silasselkä project, for total consideration of €5 million and 37,500 common shares of Aurion. B2Gold has agreed to contribute €3.5 million in cash to fund the exercise of the option. As a result, Aurion's contribution to the option exercise will be €1.5 million in cash.
OTC Markets Group Inc has announced that Valeura Energy Inc, an upstream oil & gas company, has qualified to trade on the OTCQX Best Market and has today upgraded from the Pink market under the symbol VLERF. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Sean Guest, president and CEO of Valeura Energy commented, “I am very pleased for our shares to begin trading on OTCQX as of today. With growing worldwide interest in our story, I see this as an important step to increase visibility on the value of our shares and to create opportunities for more trading volume, particularly among US based investors.”
Phunware Inc announced that it will hold a conference call on Thursday, August 10, 2023, at 4:30 PM EDT to discuss its financial results for the second quarter ended June 30, 2023. Financial results will be issued in a press release prior to the call. Phunware management will host the conference call, followed by a question and answer period. US dial-in: 877-545-0320; International dial-in: 973-528-0002; Access Code: 875894. Please call the conference telephone number 10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at 949-574-3860. The conference call will be broadcast live and available for replay here and via the investor relations section of the company’s website at investors.phunware.com. A telephonic replay of the conference call will be available after 7:30 PM EDT on the same day through Thursday, August 24, 2023. Toll-free replay number: 877-481-4010; International replay number: 919-882-2331; Replay ID: 48843.