Uber’s stock price increased after reporting a $2.9B loss and withdrawing guidance. Lyft’s stock price was also higher after reporting a $398M loss but more rides. However, California’s attorney general sued both for violating the recently passed state law regarding gig economy workers. [more]
Xebec recorded record annual revenue of $49.3 million and re-affirmed 2020 Revenue growth guidance in the 60%-80% range. Well-funded for growth from equity financings in Q3 & Q4/2019 of $35.2 million and a $10M unsecured loan facility announced this week. [more]
All have different opinions as the COVID-19 pandemic has driven different strategies from CEOs of various investment firms including Berkshire Hathaway, Apollo, Pershing Square, and BlackRock, and research firm Rosenberg Research & Associates. [more]
Last week, technology companies reported financial performances of their cloud businesses, including Amazon, Microsoft, and Google with cloud revenues of $12.3B, $10.2B, and $2.8B, respectively. [more]
This past week, the tech companies that dominate online reported Q1 earnings, including companies Alphabet, Amazon.com, Apple, Facebook, and Microsoft. Google and Microsoft saw an increased demand for cloud services and enterprise offerings but reduced online advertising sales. [more]
The need for protective medical equipment such as masks, gloves, and disinfectants have never been higher. Canadian public companies focused on protective equipment include AirBoss of America, iFabric, GDI Integrated Facility Services, and Ovation Science. [more]
Foodora announces closing of its Canadian arm and files for bankruptcy, however, its parent company, Delivery Hero SE, a Berlin-based food delivery company, reported revenue growth of 92% in Q1/2020. [more]
As U.S. States & Canadian Provinces announce plans to ease restrictions, testing and vaccines for COVID-19 gain importance. Canadian healthcare companies developing vaccines and tests for COVID-19: LexaGene, Microbix Biosciences, SQI Diagnostics, IMV, Protech Home Medical, and Viemed Healthcare. [more]
S&P 500 and S&P/TSX indices screens highlight companies with strong balance sheets and cash flows, which reduce liquidity risks and allow companies the ability to acquire distressed assets. Cash Kings – Alphabet, Microsoft & Facebook in the U.S. and Onex & Kirkland Lake in Canada [more]
Cisco’s WebEx and Zoom are still category leaders but Verizon is one of the few telcos who has international 5G capabilities, which it plans to integrate with the BlueJeans technology to enhance security for real-time virtual engagement. [more]
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