TechMediaBreaks Archive - Page 45 of 137

MondayAug 19, 2024 11:24 am

TechMediaBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC) Completes $3.3M Private Placement to ‘Advance Growth Initiatives’

HUB Cyber Security (NASDAQ: HUBC), a developer of confidential computing cybersecurity solutions and advanced data services, has successfully completed a $3.3 million private placement from non-U.S. investors. According to the announcement, the investment was comprised of convertible notes with a conversion price of $0.70 per share; the company also issued warrants with an exercise price of $1 per share. “We are pleased to secure an investment from a group of esteemed investors who value our strategic vision and operational strengths,” said HUB Cyber Security CEO Noah Hershcoviz in the press release. “This capital will enable us to advance our growth…

MondayAug 19, 2024 11:03 am

TechMediaBreaks – Upstream Provides 24/7 Ability to Transact on All Issuers’ Listed Equities

Upstream, a MERJ Exchange stock market and global trading app, is reporting three key benefits from expanded trading hours, including flexibility during market sell-offs, accessibility for global investors and interconnectivity of global markets. The Upstream article noted that traditional markets operate within specific trading windows, which creates some challenges. “U.S. markets open at 9:30 a.m. ET and close at 4 p.m. ET, and international markets, such as the London Stock Exchange, operate from 8 a.m. to 4:30 p.m. GMT,” stated the article. “When traditional markets like these are closed during times of volatility, particularly sell-offs, investors in different time zones…

FridayAug 16, 2024 1:26 pm

TechMediaBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Faces Market Challenges but Shows Signs of Resilience

Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), known widely for its subsidiary Google, is currently navigating through a challenging phase in the stock market, as indicated by its record-setting weekly losing streak. This trend underscores the growing apprehensions among investors regarding the company’s future prospects. Alphabet, a giant in the tech industry, faces stiff competition, regulatory hurdles, and issues tied to its social media ventures, which collectively contribute to the negative sentiment surrounding its stock. Despite these challenges, Alphabet recently experienced a positive shift in its stock price, which increased by $2.59 or 1.61%, closing at $163.89. This uptick is a notable deviation from the downward…

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 2:39 pm

TechMediaBreaks – Bebuzee Inc. (BBUZ) Looking to ‘Change the Game’ via Comprehensive Digital Ecosystem

Bebuzee (OTC: BBUZ) is taking internet connectivity to a level as yet unheard of in the United States through the rollout of its time-saving communications technology. “Bebuzee’s platform takes its inspiration from multi-service applications that have become popular in Asian nations, where an enormous part of the world’s population embraces an all-in-one approach to mobile and web connectivity on an all-encompassing, self-contained commerce and communication online platform. Bebuzee’s platform includes video streaming, photo sharing, a messaging service, a wide variety of news services from national sources down to the local level, real estate information, a search engine for finding contractors,…

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…

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