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]
Although, EQ reported that its revenue continued to be negatively impacted by the COVID-19 pandemic, revenue for Q2/2021, was $3.0 million, an increase of 74% when compared to $1.7 million in the same quarter a year ago, and slightly higher than our estimate of $2.98 million. [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]
In this short video, Tracy Weslosky of InvestorIntel interviews Chris Thompson of eResearch about eResearch’s 41-page Initiating Coverage Report on DCM. [more]
mCloud Technologies, a leading AI-powered physical asset management solution provider, announced financial results for the second quarter ended June 30, 2021. Revenues increased by 44% compared to Q2/2020 and added 1,019 new connected assets to its managed portfolio. [more]
DCM is a Canadian-based communications and marketing solutions provider that offers comprehensive online and offline communications and marketing solutions to businesses. The Company is implementing a “Digital-First” strategy and leveraging its existing platforms for direct-to-print applications, marketing and workflow management, and Digital Asset Management (DAM) solutions. We are Initiating Coverage on DCM with a Buy rating and one-year price target of $3.60/share. [more]
The easing of COVID pandemic restrictions has improved access to customer sites, and the pace of customer onboarding for mCloud is expected to accelerate in the US and Canada. The partnership with URBSOFT should help bring AssetCare™ to the oil & gas, retail, and real estate markets in the Middle East. [more]
Stock price up over 700% year-over-year. Peak’s management believes that the NASDAQ listing will attract new tech-centric institutional shareholders. Peak releases Revenue & EBITDA guidance and forecasts revenue of $104M in 2021 with EBITDA of $12.5M, ramping up to $624M of revenue in 2023 with EBITDA of $155M. Recent $52.6M financing to “unlock” new expansion and partnership opportunities. We are increasing our one-year target price to $11.00 from $4.80. [more]
eResearch published a 27-page Valuation Research Report on StageZero using three valuation methodologies: (1) Comparative Company Analysis using Revenue, (2) Prior Mergers and Acquisitions Analysis, and (3) Discounted Cash Flow. Using the three methodologies and various revenue & growth assumptions, the results estimated the stock price between $0.67 and $14.14. [more]
14-page Update Equity Research Reports on EQ’s Q1/2021 financial results. EQ’s data solutions revenue, recently its fastest-growing segment, increased 12% year-over-year to $0.48 million in Q1/2021. Due to seasonality & COVID-19 impacts, overall revenue for Q1/2021 was $1.75 million, down from $2.20 million in Q1/2020 but slightly higher than our estimate of $1.70 million. [more]
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