ThursdayMay 16, 2024 3:22 pm

TechMediaBreaks – Zacks Raises EPS Estimates after DeFi Technologies Inc. (CBOE CA: DEFI) (OTCQB: DEFTF) Reports Strongest Quarter Ever, Sets $3.00 Per Share Valuation

DeFi Technologies (CBOE CA: DEFI) (GR: R9B) (OTCQB: DEFTF), a FinTech company establishing itself as the first and only publicly traded company that bridges the gap between traditional capital markets, Web3 and DeFi, recently announced its financial performance for the three months ended March 31, 2024. Quarter-over-quarter highlights included its cash balance rising from C$6.7 million to C$9.4 million and assets under management growing by 78.7% to C$908 million. Total operating revenues significantly improved for Q1 2024 to C$13.4 million compared to C$(3.6) million for the same period a year earlier. Additionally, operating net income totaled C$5.3 million for the…

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ThursdayMay 16, 2024 2:15 pm

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Announces Additional $1.8 Million Contract with Long-Standing Government Customer

SuperCom Ltd. (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and cybersecurity sectors, today announced it had secured a new, additional contract with a long-standing government customer. According to the announcement, the contract, valued at $1.8 million, continues a successful partnership that has been in place for over a decade. The contract is expected to start by end of May 2024 and to be fulfilled within 5 months. “We are pleased to continue our partnership with a government customer who has trusted our solutions for over a decade. This contract not only signifies their satisfaction with…

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ThursdayMay 16, 2024 1:46 pm

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Achieves Record Profit, 400% YoY EBITDA Growth for Q1 2024

SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-government, IoT and cybersecurity sectors, has announced results for the three months ended March 31, 2024. Among the highlights, the company reported an 8% increase in revenue to $6.9 million from $6.4 million and 139% increase in gross profit to $3.8 million from $1.6 million compared to the first quarter of 2023. “We are pleased to report a strong start to 2024, marked by significant financial and operational achievements. This quarter, we’ve continued to see revenue growth YoY and a dramatic improvement in our profitability metrics leading to an…

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ThursdayMay 16, 2024 1:35 pm

TechMediaBreaks – HealthLynked Corp. (HLYK) Releases Q1 2024 Financial Results

HealthLynked (OTCQB: HLYK), a trailblazer in healthcare technology, today announced its financial results for the first quarter ended March 31, 2024. During the quarter, the company’s revenue reached $1.0 million, an 8% increase compared to the fourth quarter of 2023, underscoring HealthLynked’s resilience and adaptability in managing transitions while maintaining operational efficiency. The announcement noted HealthLynked’s continued strategic focus on cost control, which saw the company reduce operating expenses in the Health Services Division by 33%, SG&A expenses by 9%, and overall operating expenses by 22% in Q1 2024 compared to Q1 2023. The company reported a net loss from…

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WednesdayMay 15, 2024 3:37 pm

TechMediaBreaks – Why HealthLynked Corp. (HLYK) Is ‘One to Watch’

HealthLynked (OTCQB: HLYK), a trailblazer in healthcare technology, is revolutionizing patient care through innovative digital solutions. “With a commitment to leveraging its advanced technology platforms, HealthLynked employs a sophisticated, cloud-based network that serves as a comprehensive repository for personal health data. This system not only simplifies the management and archiving of medical records but also enables the application of AI to deliver personalized healthcare insights. Through deep analysis of this data, HealthLynked’s AI capabilities help identify the root causes of diseases, tailor healthcare solutions to individual needs, and accelerate medical discoveries,” a recent article reads. “In addition to these capabilities,…

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WednesdayMay 15, 2024 2:30 pm

TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Announces Q1 2024 Results, Renews Agreement with the University of Southern California to Advance Annealing Quantum Computing Research and Adoption

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, has announced financial results for its first fiscal quarter ended March 31, 2024. Q1 revenues were up more than 50% year over year and Q1 gross profit surged 294% year over year. “We believe D-Wave’s first quarter revenue and bookings reflect growing customer demand for quantum and hybrid quantum solutions that can drive measurable impact today,” said Dr. Alan Baratz, CEO of D-Wave. “Coupled with the significant technical milestones we’ve achieved with the Advantage2™ prototype, we believe our progress leading the commercialization of quantum is…

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WednesdayMay 15, 2024 1:36 pm

TechMediaBreaks – NextPlat Corp (NASDAQ: NXPL) Announces Record Consolidated Q1 2024 Revenues, Improved Quarterly Margins

NextPlat (NASDAQ: NXPL, NXPLW), a global e-commerce provider, today announced record financial results for the first fiscal quarter ended March 31, 2024, which includes the consolidation of the operations of its e-commerce business with the results of its healthcare operations, Progressive Care Inc. (OTCQB: RXMD). “First quarter results continued to demonstrate the fundamental strength of NextPlat’s focus on the large healthcare services and global e-commerce technology markets and further demonstrates our team execution against its global growth plans,” said Charles M. Fernandez, executive chairman and CEO of NextPlat Corp. “Throughout the remainder of 2024, we are committed to maximizing and…

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WednesdayMay 15, 2024 12:41 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Releases Q2 2024 Financial, Business Result; Announces Expansion of Commercial EV Dealer Network

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, is reporting on the financial results and business highlights for the three and six months ended March 31, 2024. Key achievements during the quarter include receiving approval from the U.S. Department of Commerce for Foreign Trade Zone status at its Tunica, Mississippi, commercial vehicle manufacturing facility; adding national and regional fleet focus in the Midwest and West Coast and expanding its retail commercial dealer network with the addition of Pritchard EVs and National Auto Fleet Group; and receiving California Air Resource Board’s (“CARB”) HVIP approval for the Mullen THREE, Class 3…

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TuesdayMay 14, 2024 3:50 pm

TechMediaBreaks – Energy and Water Development Corp. (EAWD) Featured in The Harvest Podcast

Energy and Water Development Corp. (OTCQB: EAWD), a leading water and energy solutions provider, was featured in the latest episode of The Harvest Podcast, a series highlighting thought leaders, experts and breakthrough companies making disruptive and impactful contributions to society through groundbreaking initiatives. The company’s CEO Irma Velazquez, MSc joined the program to provide an introduction to EAWD and discuss its core values and mission. “Energy and Water Development Corp. is a leading engineering company focused on innovation relating to the generation of sustainable water and energy supply. Leveraging our intellectual property surrounding the configuration of our systems, we put…

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TuesdayMay 14, 2024 3:08 pm

TechMediaBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Announces Two New Behavioral Health Contracts

SOBRsafe (NASDAQ: SOBR), a provider of next-generation, transdermal alcohol-detection solutions, has inked two new hardware/software agreements, bringing its total new contracts to date for this year to 20. The company has entered agreements with Lighthouse Recovery Resources and Mountain House Recovery. Lighthouse Recovery Resources provides individuals and families with resources and support to achieve lasting recovery, including interventions, sober companions and care management. Lighthouse purchased an initial 10 SOBRsure wristbands. Mountain House Recovery provides a post-treatment platform designed for young men in early recovery to forge lasting friendships and embark on a transformative journey in sobriety. Mountain House is integrating SOBRcheck point-of-care…

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