News Archives - Page 37 of 129

FridayNov 15, 2024 9:10 am

TechMediaBreaks – HealthLynked Corp. Restructures for Growth, Reports Declines in Revenue and Increased Losses in Q3 2024

HealthLynked (OTCQB: HLYK) has announced its Q3 2024 financial results, reflecting a strategic shift toward software solutions and a leaner operational model. Revenue dropped 56% year-over-year to $0.59 million, attributed to disruptions from clinical restructuring efforts, while operating expenses fell 10% in Q3 and 19% year-to-date due to efficiency initiatives. However, the company reported a $1.97 million net loss for the quarter, primarily due to the absence of a one-time $1.08 million gain recorded in 2023. HealthLynked is pivoting away from traditional clinical operations, focusing on app-based services to expand its user base and enhance operational scalability. To view the…

ThursdayNov 14, 2024 12:28 pm

TechMediaBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Activates Nationwide Data Centers for Truth+ Streaming

Trump Media & Technology Group (NASDAQ: DJT) operates the social media platform Truth Social. The company has recently completed its nationwide network of data centers, which are crucial for its content delivery network. This development enhances Trump Media’s ability to efficiently deliver streaming content across the country. Despite this operational milestone, Trump Media faces financial challenges. The company has a negative price-to-earnings (“P/E”) ratio of -15.02, indicating ongoing losses. This suggests that the company is not currently profitable, which can be a concern for investors looking for immediate returns. The company’s price-to-sales ratio is extremely high at 1,757.39, meaning the…

ThursdayNov 14, 2024 12:01 pm

TechMediaBreaks – Calidi Biotherapeutics Inc. (NYSE American: CLDI) Announces Public Offering to Support Immunotherapy Development

Calidi Biotherapeutics (NYSE American: CLDI) has announced plans to sell shares of its common stock and/or pre-funded warrants in a public offering with Ladenburg Thalmann & Co. Inc. as the exclusive placement agent. Calidi has priced the offering of 4,437,869 shares at $1.69 per share, aiming to raise approximately $7.5 million in gross proceeds. Calidi intends to allocate the net proceeds toward working capital, general corporate purposes, and the advancement of pre-clinical and clinical trials for its targeted immunotherapy programs. The securities (excluding the warrants and the shares of common stock underlying the warrants) are being offered under an effective…

ThursdayNov 14, 2024 10:52 am

TechMediaBreaks – SOBRsafe Inc. (NASDAQ: SOBR) Launches SOBRsure™ Wristband, an Innovative Tool for Alcohol Detection and Sobriety Support

SOBRsafe (NASDAQ: SOBR) has released SOBRsure™, a new wristband device that uses transdermal technology to detect alcohol levels through the skin, providing real-time monitoring to support sobriety and recovery. With a sleek, user-friendly design and GPS tracking, the device offers continuous alcohol detection, instant alerts, and the option to access historical reports through a premium subscription. CEO David Gandini emphasizes SOBRsure as both a technological breakthrough and a support system for individuals with alcohol use disorder, aiming to promote accountability and peace of mind for families, employers, and users. Available now, the wristband retails for $249, with subscriptions starting…

ThursdayNov 14, 2024 8:00 am

TechMediaBreaks – NextPlat Corp (NASDAQ: NXPL) Reports Q3 Financials, Highlights Growth from Progressive Care and Outfitter Satellite Acquisitions

NextPlat (NASDAQ: NXPL, NXPLW) reported Q3 2024 results reflecting the impact of its recent acquisitions, including Progressive Care and Outfitter Satellite, which contributed to consolidated revenues of $15.4 million. While healthcare revenue declined due to lower prescription reimbursement rates, e-Commerce revenue saw a 31% increase, largely from the Outfitter acquisition. The company recorded a net loss of $4.2 million due to increased expenses, including a non-cash impairment of Progressive Care’s intangible assets. Recent developments include expanding healthcare contracts and satellite communication device sales, along with a strengthened e-commerce presence in China and the UK. NextPlat projects ongoing growth from integration…

TuesdayNov 12, 2024 1:12 pm

TechMediaBreaks – Alphabet Inc. (NASDAQ: GOOGL) Expands Waymo One Service

Alphabet (NASDAQ: GOOGL, GOOG), the parent company of Google, is a major player in the technology sector, known for its search engine, advertising services and various tech innovations. One of its significant ventures is Waymo, an autonomous vehicle company. Waymo has recently expanded its autonomous ride-hailing service, Waymo One, to all residents in Los Angeles, marking a pivotal moment in the adoption of self-driving technology. Despite this advancement, Alphabet’s stock price is currently $179.63, showing a slight decrease of $0.72, or -0.40%. The stock has fluctuated today, with a low of $179.39 and a high of $181.86. This volatility is…

TuesdayNov 12, 2024 12:07 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Debuts Mullen ONE EV Cargo Van on Turo to Meet Demand for Urban, Eco-Friendly Rentals

Mullen Automotive (NASDAQ: MULN) has listed its Class 1 electric cargo van, the Mullen ONE, on Turo, the world’s largest vehicle-sharing marketplace, to provide an efficient rental option for businesses with last-mile delivery needs. Florida-based Parasol Strategic Solutions is piloting the van in Jacksonville, Florida, citing a demand for compact, sustainable cargo transport in urban settings, with plans to expand the pilot to Baltimore, Maryland. The Mullen ONE, along with the Mullen THREE Class 3 EV, is part of Mullen’s commercial EV lineup, built for urban logistics and backed by federal and state incentives, providing significant cost savings for…

TuesdayNov 12, 2024 10:41 am

TechMediaBreaks – Sekur Private Data Ltd. (CSE: SKUR) (OTCQX: SWISF) (FSE: GDT0) to Accept Cryptocurrency Payments, Boosting Privacy and Security for Vulnerable Industries

Sekur Private Data (CSE: SKUR) (OTCQB: SWISF) (FSE: GDT0) a Swiss-based cybersecurity platform, will begin accepting cryptocurrency payments in 2025 for its privacy communications services, expanding accessibility for industries at high risk for cyber-attacks, including crypto, gaming, and financial sectors. By integrating cryptocurrency as a payment option, Sekur aims to extend its robust, off-grid Swiss-hosted security solutions to users seeking anonymity and enhanced data protection. Sekur's platform leverages Switzerland's stringent data privacy laws, ensuring user data remains private and secure, unaffected by third-party data requests or big-tech cloud reliance. To view the full press release, visit https://ibn.fm/W1Cpq About Sekur Private…

TuesdayNov 12, 2024 9:30 am

TechMediaBreaks – SenesTech Inc. (NASDAQ: SNES) Reports 51% Revenue Increase in Q3 2024, Highlights Growth in Evolve Product Line and International Expansion

SenesTech (NASDAQ:SNES) reported a 51% increase in revenue for the first nine months of 2024, totaling $1.4 million, driven by strong sales of its Evolve Rat and Evolve Mouse products. Gross margins improved to 65% in Q3 2024, up from 49% in the same quarter last year, due to enhanced manufacturing efficiency. The company's operating expenses decreased by 12%, and its adjusted EBITDA loss was the smallest in its history, reducing cash burn by 21%. Evolve Rat, launched in early 2024, now accounts for 52% of Q3 revenue, and the company has expanded sales through e-commerce platforms like Amazon and…

MondayNov 11, 2024 1:33 pm

TechMediaBreaks – Match Group Inc. (NASDAQ: MTCH) Surpasses Third-Quarter Earnings Expectations

Match Group (NASDAQ: MTCH) recently reported its third-quarter earnings, exceeding market expectations. The company, known for its popular dating platforms like Tinder and Hinge, saw a year-over-year increase in revenues. This growth was largely driven by Hinge’s strong performance in direct revenues and downloads. However, the overall growth in total payers was slower than anticipated. Match Group’s financial metrics provide a deeper understanding of its market position. The company’s price-to-earnings (“P/E”) ratio is approximately 9.94, which indicates how the market values its earnings. A lower P/E ratio can suggest that the stock is undervalued compared to its earnings. Additionally, the…

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