Market Surprised by Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH)

Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH)

Shares of Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) are up over 28% in mid-day trading after the company announced, after the market closed on Thursday, its latest financial results. With one hour left in the regular trading session, SPWH stock is trading around $4.50 on very heavy volume. SPWH stock has a listed 30-day, daily trading average of 835,500, but by 3PM EST over 10 million shares had traded hands.

Sportsman’s Warehouse Stock Chart:

Sportsman's Warehouse Holdings Inc (NASDAQ:SPWH)
One month stock price chart for SPWH

Last year, Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) posted a Q2 EPS figure of $0.20. This year the company posted $0.15 EPS but that was above the consensus expectation of $0.13. For Q2 2016, the company posted $189.8 million in revenue and that number was beaten by this year’s Q2 number of $191.5 million which was $0.4 million less than street expectations of $191.9 million.

Headquartered in Midvale, UT, Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) also provided guidance for Q3 2017. The company said it expects revenue in the range of $220 million to $225 million. Sportsman’s Warehouse expects full-year earnings in the range of $0.60 to $0.66 per share, with revenue ranging from $825 – $835 million. Shares of Sportsman’s Warehouse have a consensus analyst price target of $6.57 and 52-week range of $3.40 – $11.30. Five investment firms follow Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH). Three rate SPWH stock as a “Strong Buy” while two rate the shares as a “Hold”.

Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH), founded in 1986, operates outdoor sporting goods retail stores in the United States. Additionally, it offers private label offerings under the Rustic Ridge, Killik, Vital Impact, Yukon Gold, Lost River, and Sportsman’s Warehouse brand names. As of February 21, 2017, the company operated 77 retail stores in 20 states.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $SPWH and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

MagneGas Corporation (NASDAQ:MNGA) Preliminary Numbers Shock

MagneGas Corporation (NASDAQ:MNGA)

MagneGas Corporation (NASDAQ:MNGA) stock is up over 50% as the trading day approaches lunchtime. Volume in MNGA stock is very heavy. The listed average daily volume is just over 332,000 but by mid-day over 7.2 million shares traded hands. The increased price and volume activity is due to the company’s release of preliminary Q2 financial results.

MagneGas Stock Chart:

MagneGas Corporation (NASDAQ:MNGA)
One month stock price chart for MNGA

MagneGas Corporation (NASDAQ:MNGA), headquartered in Tampa, FL, is a technology Company that counts among its inventions, a patented process that converts liquid waste into hydrogen based fuels. MagneGas Corporation sells MagneGas® to the welding market as a faster, safer, and hotter substitute for acetylene. The company is developing a variety of supplementary uses for MagneGas® fuels by exploiting its high burn temperature for co-combustion of hydrocarbon fuels. It is also selling equipment for the sterilization of bio-contaminated liquid waste (such as pig manure) for several industrial and agricultural markets.

The company’s Q2 2017 preliminary results were reported this morning through a company press release. Preliminary Q2 2017 revenues for MagneGas Corporation (NASDAQ:MNGA) were $966,204 versus $837,257 for the same period last year. According to the company’s press release, the increase was primarily due to an increase in customers and distributors. Preliminary gross profit for the second quarter ending June 30, 2017 increased to $433,547 compared to $364,982 for Q2 2016. Preliminary Q2 2017 operating expenses were $3.1 million, compared to $2.8 million for the same period last year. Preliminary operating expenses for the three months ended June 30, 2017 included a non-cash charge of $1.6 million in stock based compensation.

Ermanno Santilli, Chief Executive Officer of MagneGas Corporation (NASDAQ:MNGA), stated:

We experienced a 50.1% increase in metal cutting fuel revenue in the second quarter of 2017 versus the same period last year. This compares favorably the industry growth rate of just 2-3%. Our growth in this segment is primarily due to the successful expansion into two new markets, which have begun to deliver consistent and scaled revenues for the Company in 2017. We have implemented additional sales and marketing initiatives, which we expect will help further drive our growth going forward. In addition, we are utilizing MagneGas2® as a key introductory product to penetrate large industrial clients. We then look to aggressively expand these relationships where we can profitably cross sell non-proprietary products. As an example of our success, our Sarasota, Florida location, opened in January of this year, is on pace to generate over $1 million in annualized revenue within the coming quarters. We look to replicate this success as we grow our Huntington, Indiana location, followed by additional locations planned in Florida in the coming quarters.”

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $MNGA and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Trimax Corp (OTCMKTS:TMXN) Reverses Trend

Trimax Corp (OTCMKTS:TMXN)

Shares of Trimax Corp (OTCMKTS:TMXN) are trading in a strong upward trend in the wake of the company and its wholly owned subsidiary, Saavy Naturals, reporting better than expected Q2 financial results. The stock was up 91.89% in Wednesday’s trading session to end the day at highs of $0.0355 per share.

OTCMKTS:TMXN
One month stock price chart for TMXN

The beauty company has registered five consecutive days of gains. Momentum build-up has helped push the stock from lows of $0.01 a share to current highs of $0.0355 a share. Wednesday’s rally helped reverse a strong downward trend that had pushed the stock to all-time lows. It now awaits to be seen if the stock will continue to edge higher in the wake of the stellar second quarter results.

Trimax Corp (OTCMKTS:TMXN) is a diversified company that offers a wide range of natural skin care products through its subsidiary Saavy Natural. The company also offers application development, technology consulting and cloud services. The company is also involved in organic farming.

Q2 Earnings Report

Trimax Corp (OTCMKTS:TMXN) generated gross revenues of $272,386 in the second quarter, representing a 62% increase from last year levels. Sales were up by 140% in the quarter as the company reported a 44% year to date increase in sales from $305,021 to $440,071.

In a bid to build up the sales momentum, Trimax Corp (OTCMKTS:TMXN) plans to increase marketing efforts around its beauty care products while also focusing on expanding distribution. The company has already signed an agreement that will result in the expansion of the body care line into Gelson’s markets.  Gelson currently operates 25 full specialty stores in Southern California which should expand Trimax distribution footprint in pursuit of triple digit growth.

“We are extremely pleased with the triple digit growth we have been experiencing in 2017. We continue to work aggressively on establishing new channels of product distribution, as well as, reaching out to online consumers directly through various online sales campaigns,” said CEO, Hugo Saavedra.

In addition, the company has confirmed the appointment of Justin Miloro as the new Chief Operating Officer. He joins the company with 25 years of sales and executive management experience expected to be of great help as Trimax Corp (OTCMKTS:TMXN) embarks on an aggressive marketing and distribution diversification strategy.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $TMXN and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

InterCloud Systems Inc (OTCMKTS:ICLD) Implodes After 64% Revenue Decrease

InterCloud Systems Inc (OTCMKTS:ICLD)

InterCloud Systems Inc (OTCMKTS:ICLD) plunged 22.34% after reporting a second quarter net loss of $12 million compared to a net loss of $13.4 million reported last year. The selloff came after the company reported a 64% decrease in revenue. Tuesday’s sell-off pushed InterCloud Systems Inc (OTCMKTS:ICLD) stock near its 52-week lows. The stock continues to trade in a strong downtrend having tanked from its March highs of $0.34.

InterCloud Systems Inc. (OTCMKTS:ICLD) is a leading provider of cloud networking orchestration for Software Defined Networking and Networking Function Virtualization. The company offers a wide range of cloud solutions designed to help enterprises and service providers adopt an operational expense model on the cloud.

Chief executive, Mark Munro, has sought to dispel concerns about the second quarter net loss by reiterating they achieved a lot in the quarter. Liability reductions and strengthening of the balance sheet are some of the milestones that the executive expects to play a key role in the next phase of growth. Debt and expense reductions should enable the company achieve profitability going forward.

“We believe the steps we’ve taken over the past year have positioned the Company to capitalize on the immense opportunities in front of us and creates the necessary foundation for ongoing financial performance,” said Mr. Munro.

 Revenue Decrease

Revenues in the second quarter came in at $8.1 million compared to revenue of $22.6 million reported in Q2 2016. InterCloud Systems Inc (OTCMKTS:ICLD) attributes the decrease to a reduction in revenue from subsidiaries disposed off this year. Gross profit margin dropped to 20% from 23% because of reduced margins in the company’s professional services segment.

A decrease in second quarter net loss was due to the extinguishment of $7.1 million debt also helped by a decrease in salaries and wages and SG&A expense of $4.5 million.

Separately, InterCloud Systems Inc. (OTCMKTS:ICLD) has confirmed that its CEO and Board member Mark Durfee have agreed to exchange $4.3 million of personal debt into equity. The two are now entitled to special voting rights in the company. The conversion demonstrates the two executive’s commitment to the company’s restructuring plan in addition to helping fix the balance sheet and increase shareholder equity.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $ICLD and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

BTCS Inc (OTCMKTS:BTCS) Rallies 100.5% Amidst Working Capital Concerns

BTCS Inc (OTCMKTS:BTCS)

Shares of BTCS Inc (OTCMKTS:BTCS) more than doubled in value after rallying by 105.37% as Bitcoin prices continue to hit record highs. The rally comes days after the company announced the appointment of Jonathan R. Read, to the board of directors, as part of an effort that seeks to strengthen the push to create a vertically integrated operation in the block chain space.

BTCS Stock Chart:

BTCS Inc (OTCMKTS:BTCS)
One month BTCS stock price chart

Bitcoin Rally

The BTCS Inc (OTCMKTS:BTCS) stock rally continues to flex its muscles around the cryptocurrency hype. A push by the management to diversify the company’s operations, spanning process transaction and a shift towards initial coin offering, has helped strengthen investor confidence on the stock.

Pursuing opportunities on initial coin offerings is a bold move that could see the company enjoy a first mover advantage as Bitcoin becomes mainstream. Getting a hold of the market which is believed to be worth a half a billion dollars could help BTCS Inc (OTCMKTS:BTCS) enjoy impressive growth in line with the growing demand for crypto currency.

BTCS Capital Challenges

Focusing the business on blockchain technologies has, however, come with its fair share of challenges. A lack of sufficient capital to pursue opportunities with speed poses the biggest challenge as the company tries to realize full potential from the disruptive opportunity.

BTCS Inc (OTCMKTS:BTCS) need significant additional capital to sustain its short term operations and make investments needed execute the long term business plan. Existing liquidity is not sufficient to fund operations and anticipated capital expenditures.

Over the past year, BTCS Inc (OTCMKTS:BTCS) has tried to restructure its liabilities as it seeks to improve its financial position. To date, the company has exchanged approximately $3.9 million of convertible notes and raised $1 million as it sought to raise funds to pay liabilities and raise working capital.

“We have taken these steps because we believe the rise of digital tokens as a new asset class has created a tremendous opportunity for us to leverage our experience in the sector, “BTCS in a statement.

Subject to completion of additional financing BTCS Inc (OTCMKTS:BTCS) plans to create a portfolio of digital assets through initial coins offerings, strategic market purchases. The company is also planning to carry out a number of acquisition across the blockchain space.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $BTCS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Interpace Diagnostics Group Inc (NASDAQ:IDXG) Disappoints Market

Interpace Diagnostics Group Inc (NASDAQ:IDXG)

Interpace Diagnostics Group Inc (NASDAQ:IDXG) shares fell over 9% on Friday after the molecular-testing service announced Q2 financial results after trading hours on Thursday. Prior to the financial release, IDXG shares traded over $0.90 but the day after the market reviewed the company’s financial statement, shares traded just $0.02 above their 52-week low of $0.70 before ending the day at $0.80. Volume was heavy.

Interpace Diagnostics Group Inc (NASDAQ:IDXG)
One month stock price chart for IDXG

Interpace Diagnostics Group, Inc. (NASDAQ:IDXG) is a molecular diagnostics company that develops cancer testing processes that seek to replace the need for surgery to obtain a biopsy sample. Interpace specializes in analysis that can better inform treatment options available to the cancer patient. Currently their pipeline addresses thyroid, pancreatic, and other cancers. Interpace believes that the approach of identifying gene mutations at the molecular level can help healthcare professionals diagnose abnormalities, and their progression, without the expense and potential negative side-effects of surgery.

Interpace posted a (-$6.3) million operational loss for Q2, 2017. Year to date the operational loss was (-$4.4) million compared to (-$7.5) million for the same period ended June 30, 2016. Included in the Q2 operational loss is a (-$2.7) million Loss on Extinguishment of Debt and (-$4.3) million year to date in 2017. Net Revenue for Q2 2017 was $3.9 million, up 11% from Q2 2016, and for the six-month period was $7.3 million, up 7% from the same period in 2016.

Jack Stover, Interpace Diagnostics Group, Inc. (NASDAQ:IDXG)’s President & CEO, stated, “Our cash position is now in excess of $14 million and we increased our stockholders’ equity by over $29 million since year-end. We are now well positioned to leverage our commercial resources and further build out our platforms,” noted Stover. “Additionally, continuing to make reimbursement progress, such as getting coverage for our ThyGenX assay with CIGNA, one of the largest healthcare insurers in the US, further demonstrates the importance of our diagnostic tests to the marketplace,”

Interpace Diagnostics Group, Inc. (NASDAQ:IDXG) stock has lost over 81% YTD, and is down almost 70% for the year.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $IDXG and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Amyris Inc (NASDAQ:AMRS) Stock Hits New Low

Amyris Inc (NASDAQ:AMRS)

Shares of Amyris Inc (NASDAQ:AMRS) dropped almost 10% during the day’s trading session. The company then released their Q2 financial report after the market close and saw their shares rise 2.5% to end at $2.49. Trading volume was very heavy. AMRS shares have an average trading volume of around 273,000 but over 1.1 million shares traded on Friday.

Amyris Inc (NASDAQ:AMRS)
One month stock price chart for AMRS

Amyris Inc (NASDAQ:AMRS), based in Emeryville, CA, develops alternatives to petroleum-sourced products. Amyris utilizes its proprietary bioscience technology to design microbes, as well as to convert plant-sourced sugars, into renewable ingredients. It produces and sells Biofene that converts to squalene – used as an emollient in cosmetics, natural oils, and aroma chemicals for the flavors and fragrances market. Amyris Inc (NASDAQ:AMRS) also provides renewable solvents, polymers, and lubricants for industrial markets. The company also develops renewable fuels for the mass transit fuels markets. It has a collaboration partnership with Total S.A. to produce and commercialize Biofene-based diesel and jet fuels.

Amyris Stock – by the numbers

Amyris Inc (NASDAQ:AMRS) reported Q2 2017 revenues of $25.7 million, up 168% versus $9.6 million for Q2 2016. Q2 2017 product sales were $12.7 million, up 159% over $4.9 million for the same period in 2016. Net loss attributable to Amyris common stockholders for Q2 2017 was (-$10.3) million, or (-$0.46) per basic and diluted share. Other Q2 income netted $35.8 million.

A new 52-week low, $2.43, was established Friday. AMRS stock has been a poor performer this year. YTD the stock is down over 77%, and down over 58% for the year. Incredibly, AMRS stock has a consensus target price of $15.00. Sales did improve in 2016 to $67.2 million from the 2015 figure of $34.2 million. And the per share loss for 2016 of (-$6.12) was significantly better than 2015’s (-$25.75). However, Amyris stock was tremendously diluted in 2016 as the number of outstanding shares rose from 8.47 million in 2015, to 15.9 million in 2016. Two analysts follow AMRS shares. One rates AMRS stock as a “Strong Buy”, while the other rates the shares a “Hold”.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $AMRS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Abraxas Petroleum Corp. (NASDAQ:AXAS) Gets Some Relief from Sell-Off

Abraxas Petroleum Corp. (NASDAQ:AXAS)

Abraxas Petroleum Corp. (NASDAQ:AXAS) stock is up over 9% in early trading after shares fell yesterday following the company’s Q2 earnings announcement. On Tuesday, Abraxas reported revenues of $13.2 million – $3.5 million below expectations. Q2 net income was $7.2 million, a positive result after the company posted a Q2 loss in 2016. Abraxas, based in San Antonio, TX, said it had per share profit of $0.04 cents. Earnings, adjusted for non-recurring gains, came to $0.01 cent per share. The financial results failed to meet analyst expectations which had earnings coming in at $.02.

Abraxas stock chart:

Abraxas Petroleum Corp. (NASDAQ:AXAS)
One month Abraxas stock price chart

Despite the adoption by Abraxas Petroleum Corp. (NASDAQ:AXAS) of a controlled flowback protocol on the recent Caprito completions, current production is averaging over 9,000 Boepd. As these two wells ramp up to expected levels, Abraxas expects to meet or exceed the Company’s originally forecasted 2017 exit rate of 9,500 Boepd in the coming weeks. Abraxas is adjusting the Company’s target exit rate to approximately 10,750 Boepd. Abraxas is adjusting guidance for 2017 to account for the Company’s current planned completion schedule and well performance.

Bob Watson, President and CEO of Abraxas, commented, “As expected, second quarter 2017 volumes dipped due to well shut-ins in the Bakken from offsetting completions. Unfortunately, we were also plagued by gas curtailments in South Texas and in the Permian, which negatively impacted the quarter. With the past now behind us, we expect to approach our anticipated year-end exit rate in the next few weeks. This bodes for a much stronger than anticipated second half 2017 production outlook as evidenced by our increased anticipated exit rate to 10,750 Boepd.

At the end of 2016, Abraxas Petroleum Corp. (NASDAQ:AXAS) stock was trading near $3.00 but yesterday shares closed at $1.61. YTD, AXAS stock is down over 37% but up almost 43% for the year. Analysts have given AXAS stock a consensus price target of $2.68.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $AXAS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Q2 Financial Results Crush Forterra Inc (NASDAQ:FRTA) Stock

Forterra Inc (NASDAQ:FRTA)

Forterra Inc (NASDAQ:FRTA) stock lost over 57% in today’s trading after the company’s Q2 2017 financial results underperformed expectations. Forterra stock ended yesterday at $8.27, then gapped down to open at $6.08 before hitting an inter-day low of $3.50 which is only a penny below the stock’s closing price of $3.51. The volume was eight times the 30-day, daily average. Forterra’s stock price:

Forterra Inc (NASDAQ:FRTA)
One month stock price chart for FRTA

Forterra Business and Q2 Financials

Forterra Inc (NASDAQ:FRTA) manufactures water and drainage pipe and products in the U.S. and Eastern Canada for water-related infrastructure applications including water distribution, drainage, and stormwater management. Irving, TX-based Forterra Inc (NASDAQ:FRTA) has a product breadth and scaling ability that allow it to service all sizes of infrastructure products without the need for external suppliers.

Q2 2017 net sales increased to $436.7 million, versus $381.7 million for the same quarter of 2016. The increase was heavily driven by acquisitions which contributed $56.1 million. Net sales were negatively impacted by Tropical Storm Cindy, excessive rainfall events around the country and a decline in average sales prices of products sold.  Net income for the quarter was (-$11.2) million, or (-$0.18) per share, compared to net income of $36.7 million, or $0.70 per share, in the prior year quarter.  Adjusted net income1 was (-$1.3) million for Q2 2017 compared to adjusted net income1 of $43.4 million in the prior year quarter.  Adjusted EBITDA1 for the second quarter was $46.5 million, lower than $50 – $60 million guidance provided in Q1, compared to $74.0 million in the prior year quarter.

Forterra Inc (NASDAQ:FRTA) is guiding expectations lower for the remainder of 2017. The company is also reassessing the timetable expectations to achieve a 400 basis point increase in income from operations, EBITDA and adjusted EBITDA as a percentage of sales as compared to full-year 2016.

Forterra Stock Price Analysis

Forterra stock hit $3.50, demolishing the old 52-week low of $6.01. Prior to today’s price action, Forterra stock was down over 83% YTD. At the end of 2016, Forterra stock was trading above $22.00. On a more positive note, the stock’s Relative Strength Index stands well below 20 at 17.25, and observers believe the figure represents an “oversold” condition for shares of Forterra Inc (NASDAQ:FRTA).

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $FRTA and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Luna Innovations Incorporated (NASDAQ:LUNA) Stock Basks in Market Approval

Luna Innovations Incorporated (NASDAQ:LUNA)

Luna Innovations Incorporated (NASDAQ:LUNA) shares are up over 15% in mid-day trading after the high-tech company announced its Q2 financial results. LUNA shares are trading around $1.40 after closing yesterday at $1.23. LUNA shares are normally thinly traded – they have a daily average under 45,000. However today, by noon, over 700,000 shares had traded hands.

LUNA stock chart:

Luna Innovations Incorporated (NASDAQ:LUNA)
One month Luna stock chart

 

Luna Innovation Q2 Financials

Total Q2 2017 revenues for Luna Innovations Incorporated (NASDAQ:LUNA) were $13.6 million compared to $14.6 million for the same period in 2016. Q2 gross profit was $5.1 million, or 37% of revenues, compared to gross profit of $5.2 million, or 35% of revenues, for Q2 2016. The increase in gross margin came from increased product sales that typically have higher average margins than Luna’s other products and services.

Operating loss improved to (-$0.1) million for Q2 2017, compared to an operating loss of (-$0.7) million for Q2 2016. Net loss attributable to common stockholders improved to (-$0.3) million for Q2 2017, compared to a net loss attributable to common stockholders of (-$0.8) million for Q2 2016.

History and LUNA Stock Performance

Luna Innovations Incorporated (NASDAQ:LUNA) develops and commercializes high speed optoelectronics and high performance fiber optic test products for the telecommunications industry as well as distributed fiber optic sensing for the aerospace and automotive industries. Luna is organized into two business segments – Technology Development and Products and Licensing.

At the beginning of 2017, Luna’s stock was trading above $2.20 but then began a downtrend. At current levels LUNA’s stock is threatening to break an important support level just above $1.10. The shares have dropped over 17% YTD, and are down over 19% for the year. Meanwhile, shareholders of LUNA stock have yet to see a per share profit. However last year was the smallest loss recorded since 2012 – (-$0.09) per share. However, sales are improving year-on-year. In 2013 sales were reported at $$18.3 million and that figure was a robust $59.2 million by 2016.

The only analyst that follows Luna Innovations Incorporated (NASDAQ:LUNA) rates LUNA stock as a “Strong Buy” with a price target of $2.25.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $LUNA and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.