News Archives - Page 51 of 130

FridayAug 16, 2024 1:10 pm

TechMediaBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC) Releases FY 2023 Financial Results

HUB Cyber Security (NASDAQ: HUBC) (“HUB Security”), a developer of confidential computing cybersecurity solutions and services, today reported its financial results for FY 2023 ended December 31, 2023. Key financial highlights from fiscal year 2023 included revenue of $42.6 million, gross profit of $750K, operating expenses of $78.5 million, and operating loss of $(77.7) million. The company’s non-GAAP adjusted EBITDA loss for FY 2023 was $(12.2) million while operating cash flow was $(16.2) million. As of December 31, 2023, the company had cash and cash equivalents, restricted cash, and deposits of $5.2 million. “The conclusion of the 2023 audit signifies…

FridayAug 16, 2024 11:11 am

TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Quantum AI Product Roadmap Enhancements Highlighted in Syndicated Broadcast

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the world’s first commercial supplier of quantum computers, is featured in a NetworkNewsAudio (“NNA”) broadcast. NNA broadcasts are designed to provide additional visibility, recognition and brand awareness to the investment community. According to the broadcast, D-Wave is focused on strengthening the connection between quantum optimization, artificial intelligence (AI) and machine learning (ML). The company is working to accomplish this by extending its product development roadmap with enhancements to its Leap™ quantum cloud service. Three key areas are included in D-Wave’s product development roadmap extensions:…

FridayAug 16, 2024 9:58 am

TechMediaBreaks – HealthLynked Corp. (HLYK) Announces Q2, H1 2024 Financial Results Reflecting Efforts to Streamline Operations

HealthLynked (OTCQB: HLYK), a trailblazer in healthcare technology, today announced financial results for its Q2 and H1 2024 ending June 30, 2024. The announcement noted that the company achieved significant cost reductions, leading to an 8% quarter-over-quarter improvement in its loss from operations to $1.08 million in Q2 2024 from $1.18 million in Q1 2024. This improvement reflects HealthLynked’s ongoing efforts to streamline operations and transition its revenue streams from legacy clinical operations to app-based services. In addition, the company reported revenue of $0.78 million in Q2 2024 and $1.80 million in H1 2024. Its total operating expenses decreased by…

ThursdayAug 15, 2024 3:06 pm

TechMediaBreaks – MetAlert Inc. (MLRT) Receives GPS SmartSoles PO from Mexico-Based Security Solutions Provider

MetAlert (OTC: MLRT), a pioneer in GPS wearable technology and global provider in the field of human and asset-tracking and recovery systems, has received an initial order for GPS SmartSoles(R) from Skyangel Security headquartered in Mexico City, Mexico. According to the announcement, the partnership with Skyangle, a company committed to providing top-tier security solutions across North and Central America, could lead to strengthening and expanding the SmartSole market share in the Mexico and Latin America security space. The company also noted that SmartSole trials are being conducted in Spain, Portugal and the Netherlands, with plans for the company to launch…

WednesdayAug 14, 2024 1:59 pm

TechMediaBreaks – NextPlat Corp. (NASDAQ: NXPL), Progressive Care (RXMD) Release Q2 2024 Financial Results Showing 474% Revenue Increase

NextPlat (NASDAQ: NXPL), a global e-Commerce provider, has released record financial results for its second fiscal quarter, the period ended June 30, 2024; the results include the consolidation of the operations of its e-commerce business with the results of its healthcare operations, Progressive Care Inc. (OTCQB: RXMD). Highlights of the report indicate the company experienced a 474% increase in consolidated Q2 revenues, which totaled $17 million, and a record 34.2% quarterly margins; the report noted that the company anticipates reaching $70 million in 2024 annual revenues with additional healthcare services contracts and E-commerce expansion expected to drive the company’s continued growth. “We are…

TuesdayAug 13, 2024 3:32 pm

TechMediaBreaks – Match Group Inc. (NASDAQ: MTCH) Shifts Focus from Livestreaming to Generative AI

Match Group (NASDAQ: MTCH), the parent company behind some of the most popular dating apps, is undergoing a significant transformation in its business strategy. This shift involves moving away from livestreaming services to focus more on generative AI technologies. This strategic pivot comes in response to changing customer behaviors post-pandemic and the intense competition from platforms like TikTok, which have impacted the growth of livestreaming revenue. Match Group’s decision to end livestreaming services, including the “Live!” feature on Plenty of Fish (“POF”) and BLK, as well as shutting down the Hakuna app, is expected to result in a $60 million…

TuesdayAug 13, 2024 1:40 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Releases Financial Results, Business Update

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, is providing a financial and business report for the three- and nine-month period ended June 30, 2024. Highlights of the report indicate a positive stockholders’ equity of $53 million and total assets of $192 million. The report also noted, among other key milestones, that the company has secured a substantial $250 million new financing commitment; has announced a lease program for Class 1 EV cargo vans created with a focus on individuals, small businesses and fleets; and has received an order for 20 Mullen-GOs from GAMA (“GAMA”), one of its international distributors. In…

TuesdayAug 13, 2024 11:54 am

TechMediaBreaks – DoubleDown Interactive Co. Ltd. (NASDAQ: DDI) Releases Q2 2024 Financial Results

DoubleDown Interactive (NASDAQ: DDI), a leading developer and publisher of digital games on mobile and web-based platforms, is reporting its second-quarter 2024 unaudited financial results, for the period ended June 30, 2024. Highlights of the report include an increase of revenue to $88.2 million from $75.2 million in Q2 2023; an increase in operating expenses to $52 million from $47.7 million in Q2 2023; an increase in net income to $33.3 million; and an increase in Adjusted EBITDA to $37 million from $27.6 million in Q2 2023. “We continued to drive strong growth across our business in the 2024 second quarter,…

TuesdayAug 13, 2024 10:50 am

TechMediaBreaks – Cepton Inc. (NASDAQ: CPTN) Releases Results of Q2 2024 Financial, Business Operations

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, is reporting its business and financial results for the second quarter ended June 30, 2024. Highlights of the report included the signing of an agreement and plan of merger for the acquisition by Koito Manufacturing Co. Ltd. (“Koito”), the completion of key milestones in an engineering services contract with Koito, continued final sourcing discussions with a top 10 global automotive OEM and continued RFQ first-round discussions with a top 3 global automotive OEM. The report also noted the execution of Ultra long-range lidar B-sample demonstrations and RFI/RFQ discussions…

TuesdayAug 13, 2024 9:33 am

TechMediaBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Releases Q2 2024 Quarterly Update

SOBRsafe (NASDAQ: SOBR), a provider of next-generation, transdermal alcohol-detection solutions, is reporting on its NASDAQ listing, financial positioning and sales progress, noting that the NASDAQ Hearings Panel granted the company an exception period continuing the listing of its common stock on the NASDAQ exchange; the company has until Oct. 23, 2024, to regain compliance with the market’s $1 minimum bid price per share requirement and to demonstrate long-term compliance with the required minimum of $2.5 million in stockholders' equity. The report also noted that the company continues to strengthen its financial position and restructure the composition of its equity. In…

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