First Energy Metals continues to release drilling results from its Augustus Lithium Project in the Abitibi region of Quebec that validates historical drilling from the 1950s of lithium oxide (Li2O) grades in the 1-2% range. [more]
We have written a 44-page Initiation Report on Datable Technology Corporation, a Canadian-based software development and technology company operating in the consumer online advertising and marketing sectors. Datable offers a SaaS-based Consumer Lifecycle and Data Management Platform called PLATFORM³ that enables CPG companies and consumer brands to build and launch promotions, special offers, and loyalty programs on mobile phones, websites, and microsites. Datable recently announced the acquisition of Dabbl that creates a combined company expected to have 2021 pro-forma revenue of almost $6 million. We are Initiating Coverage on Datable with a Speculative Buy rating and one-year price target of $0.30/share. [more]
We have written a 45-page Initiation Report on Silver Bullet Mines, a Canadian-based silver and copper exploration and development company that recently went public and raised over $6 million. SBMI’s main asset is the Black Diamond Property near Globe, Arizona, with silver and copper-gold porphyry projects. Near-term cash flow de-risks the project as work is already underway to get the Buckeye Mine back into production. We are Initiating Coverage with a Speculative Buy rating and one-year price target of $0.80. [more]
We review different companies that compose the industry: the trends, issues, challenges, and their strategies. For this first edition, we will just provide an overview of the key points. Our ultimate goal is to identify companies and products that may have a strategic advantage in competing in this transforming industry.
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We have written a 19-page Update Report on DCM. The communications and marketing solutions provider continues its “Digital-First” strategy and leveraging its existing platforms for direct-to-print applications, marketing and workflow management, and DAM solutions. Revenue was $56.9M, up 3.1% from $55.2M in Q2/2021. Adjusted EBITDA was $9.4M and improved cash flow reduced debt in the quarter by $2.8M. We are maintaining a Buy rating and increasing the one-year price target to $3.75/share from $3.60/share. [more]
New 25-page Update Equity Research Report on XORTX, with a Buy rating and one-year price target of $26.00/share. The Company has two potential late-stage drugs in development focused on kidney diseases with one drug that could be approved within the next 18 months and the other drug that could have an orphan drug indication on the market in 2025. [more]
Edgewater and CMC announced a Memorandum of Understanding (MOU) for expanded technology sharing of Edgewater’s Spectrum Slicing technology for the next-generation, high density, Wi-Fi solutions. The goal of this agreement is to accelerate the commercialization of Edgewater’s Spectrum Slicing silicon solutions for use in IoT applications. [more]
Revenue was down 20% year-over-year as COVID-19 sales bump eases. Moovly’s sales for the quarter were $0.30 million, a decrease of 20%, compared to $0.37 million in the same quarter a year ago, and lower than our estimate of $0.70 million. We are lowering our sales estimates and target price but still believe there are large revenue opportunities with Enterprise clients and Marketing agencies. [more]
The cannabis company, Leafly Holdings has announced to go public in a SPAC deal with Merida Merger Corp. I, a company sponsored by Merida Capital Holdings. The deal is expected to raise up to $161.5M in cash and should help Leafly expand its business in newly legalized markets. [more]
WOW! recorded revenue of $18.8 million, up 25% from the previous quarter, and its fourth consecutive quarter of positive EBITDA. As of June 30, 2021, it had a backlog of $77.5 million with another $3.3 million of contracts signed after the quarter-end. The Board of Directors continues to analyze ways to maximize shareholder value as the Company is trading at only 0.9x EV/LTM Revenue, well below its peers. [more]
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