Revenue reached $6.9M in the FQ3/2020, up 36% from the previous quarter, but slightly lower than last year. EBITDA reached $1.2M in the quarter with $0.7M of Net Income. [more]
Advertising revenue in the quarter was negatively impacted by the outbreak of COVID-19 as certain customers suspend or postponed work. Q2/2020 Revenue was $1.73M, a decrease of 22%, compared to $2.21M in Q2/19, but in-line with our estimate of $1.77M. [more]
This week, Altice, a U.S. cable company, proposed a hostile bid to acquire Cogeco and Cogeco Communications, offering a 36% premium for Cogeco’s shareholders and a 37% premium for Cogeco Communications’ shareholders. However, the Audet family, who owns controlling interests in the two companies, quickly rejected Altice’s offer on the same day of the proposal. [more]
This past quarter, the HealthTech industry experienced a significant boost in activity and growth as the pandemic stimulated the digitization of various healthcare services. However, companies working directly with patients for physical appointments experienced various complications due to procedures being postponed. [more]
Netflix led the quarter with almost 200 million paid membership accounts, followed by Disney and Roku, with 102 million and 43 million paid membership accounts, respectively. Global video streaming market is expected to reach $843 billion by 2027, a 12% CAGR between 2020 and 2027. [more]
Xpeng Motors, a China-based EV manufacturer, increased its U.S. IPO by more than 33% to $1.5 billion, providing a valuation of approximately $11 billion. This IPO is the third major U.S. listing made by a Chinese EV company in the past two years. [more]
The enterprise Big Data & Analytics company was founded by billionaire investor Peter Thiel and Dr. Alex Karp. The Company expects to bill $1B in revenue in 2020 and be profitable. Verticals include defense and intelligence agencies, including the CIA, energy, financial services, healthcare, manufacturing and transportation sectors. [more]
The video game industry experienced high growth due to new innovative products and services, such as live-service games, subscription-based gaming platforms, and eSports offerings. As a result, this past quarter, game publishers are recording record revenues, with most raising guidance for this year. [more]
Data Center and Gaming divisions drive strong revenue growth in FQ2/2021 and more than offset the decline in Automotive and Professional Visualization divisions’ results. Quarterly revenue was higher than the Company’s previous guidance and beat Analysts’ consensus estimate. [more]
According to Gartner, the global public cloud services market is expected to reach US$$266 billion in 2020, a 17% increase year-over-year, led by segments Software as a Service (“SaaS”) and Infrastructure as a Service (“IaaS”), which are expected to grow to US$$116 billion and US$$50 billion, respectively. [more]
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