Marathon Patent Group Inc. (NASDAQ:MARA)’s Q3 Revenues Grows 280%

Marathon Patent Group Inc. (NASDAQ:MARA)

Marathon Patent Group Inc. (NASDAQ:MARA) traded higher after the company reported Q3 financial results that beat Wall Street expectations. Shares of the company gained 5.04% in Monday’s trading session to end the day at $1.46 a share.

Marathon Patent Group Inc. (NASDAQ:MARA)

MARA Stock Performance

The company generated revenues of $163 million for the three months ended September 30, 2017, up from revenues of $43,000 reported in Q3 2016. Operating loss for the period dropped to $3.9 million, compared to $10.7 million reported last year.

Despite the 5% rally, Marathon Patent Group Inc. (NASDAQ:MARA) is still trading in a downtrend. The IP licensing company has shed more than 70% in market value and is currently trading near its 52-week low of $0.50 a share.

Last month, the company was forced to initiate a reverse stock-split of its common stock in a bid to shore up its share price. The split was primarily intended to bring the company in compliance with the minimum average closing share price for continued listing in the NASDAQ Capital Market. A 4:1 reverse stock-split consequently reduced the company’s common stock from approximately 32.4 million shares to approximately 8.6 million shares.

Investor’s sentiments on the stock appear to have hit all-time lows despite the company making huge strides on revenue growth. It awaits to be seen if the stellar Q3 financial results is the catalyst that will help push the stock from current lows.

GBV Acquisition

In a bid to strengthen investor confidence in the stock, Marathon Patent Group Inc. (NASDAQ:MARA) announced the acquisition of Global Bit Ventures. The acquisition is part of the company’s plan to diversify its areas of operations. The company is currently eyeing growth opportunities in the digital currency space with the acquisition.

Global Bit Ventures joins Marathon Patent Group Inc. (NASDAQ:MARA) with a robust infrastructure around cryptocurrencies, with significant capability for expansion. The company boasts of a technology that powers and secures blockchains by operating custom hardware and software. It also owns 250GH/s of GPU mining servers.

“We previously expressed our intent to review alternative business directions with the goal of enhancing shareholder value. We believe the acquisition of Global Bit Ventures will take advantage of an ongoing revolution in digital transactions conducted on blockchains as we see increasing adoption and proliferation of blockchain protocols in our everyday lives,” said CEO, Doug Croxall.

According to GBV CEO, the merger marks an important milestone and sets the company on course for accelerated revenue growth

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.

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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Viva Entertainment Group Inc. (OTCMKTS:OTTV)

Viva Entertainment Group Inc. (OTCMKTS:OTTV) Eyes Latino Market

Viva Entertainment Group Inc. (OTCMKTS:OTTV)

Viva Entertainment Group Inc. (OTCMKTS:OTTV) shares gained 11.9% after the distributor of Over-The-Top IPTV content announced the signing of a 3-year license agreement with Oi2Go Media Technologies. Under the terms of the agreement, the company is to provide a mobile subscription app for streaming Latino content in the American market.

Viva Entertainment Group Inc. (OTCMKTS:OTTV)

Oi2Go Licensing Agreement

Viva Entertainment Group Inc. (OTCMKTS:OTTV) is to include its on-demand pay-per-view content library, content library, and subscription channels as part of the agreement. The license runs through 2020 and builds on a previously signed agreement for the formation of a joint venture with Oi2 Media.

“Since signing the original joint venture with Oi2 Media, we have been working with them to develop a content-rich platform for the Latino market. Being based out of South Florida, we are very familiar with the growing Latino market for streaming content,” said CEO Johnny Falcones.

Targeting the Hispanic and Latino market presents a unique opportunity for Viva Entertainment given that there are about 50 million customers that are reportedly not adequately served by the industry. The company’s library and live programming already boasts a large quantity of Latino content.

Viva Entertainment Group Inc. (OTCMKTS:OTTV) continues to trade in a range for the better part of the year. After failing to close above the $0.01 a share on two attempts, the stock continues to languish near all-time lows and in dire need of new catalysts if it is to bounce back.

Viva Entertainment Growth Prospects

The underperformance comes after the Chief Executive Officer reiterated that the company continues to enjoy accelerated growth.

“Viva Entertainment Group is pleased to report a significant revenue growth of 75% over the last three months and to assure shareholders that company has no intention of changing its share structure. Viva is executing my business plan and our recent progress validates all the steps we took for the past few years,” said Mr. Falcones.

Viva Entertainment Group Inc. (OTCMKTS:OTTV) is in the process of finishing the integration of a movie library that will come with 8,000 titles. Leveraging brand ambassadors with big name recognition is also on the agenda as the company tries to enhance the library’s popularity. The Company also plans to finalize the development of Opera System for Smart TVs.

Plans are underway to start nationwide advertising campaign designed to generate subscription sales for the company. Viva Entertainment Group Inc. (OTCMKTS:OTTV) is also eyeing deal with a renowned marketing campaign on a multiyear deal basis.

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.

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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

SenesTech Inc. (NASDAQ:SNES)

SenesTech Inc. (NASDAQ:SNES) Drops After Pricing Public Offering

SenesTech Inc. (NASDAQ:SNES)

SenesTech Inc. (NASDAQ:SNES) felt the wrath of Wall Street after pricing an initial public offering of its common shares at a discount. Shares of the company fell 36.7% in Friday’s trading session to end the week at $0.86 a share.

SenesTech Inc. (NASDAQ:SNES)

SNES Public Offering

The sell-off follows the pricing of 5.4 million shares of common stock at $1 a share. The developer of proprietary technologies for managing animal pest populations has also granted underwriters warrants for the purchase of an additional 4 million shares. The warrants are priced at $1.50 a share.

SenesTech Inc. (NASDAQ:SNES) expects gross proceeds of $5.4 million from the offering before deduction of underwriting discounts, commissions, and other estimated offerings. The offering should close on or about November 21, 2017.

“SenesTech intends to use the net proceeds from the offering for working capital and general corporate purposes, including those related to the commercialization of ContraPest,” SenesTech In a statement.

The pricing of the offering at a discount appears to have spooked investors seen by the stock plunging to a new 52-week low of $0.86 a share. SenesTech is currently trading in a downtrend after underperforming the overall industry. The stock is down by more than 80% for the year as it continues to record lower lows.

SenesTech Widening Net Loss

The pricing of the public offering comes just days after SenesTech Inc. (NASDAQ:SNES) reported disappointing financial results for the third quarter. A wider than expected net loss of (-$2.9) million or (-$0.28) a share compared to a net loss of (-$2.7) million reported last year did not go well with investors.

Operating expenses in the quarter increased to $3 million from $2.8 million attributed to the expansion of product commercialization activities. SenesTech generated revenues of $17,000 in the quarter. The company has signed long-term sales commitments that have the potential to generate over $200,000 and an additional $250,000 of proposals outstanding.

SenesTech Inc. (NASDAQ:SNES) also has an ongoing pilot program with total sales opportunities of $2.4 million on full deployment. The company has also signed two national distribution agreement with Univar and Target specialty products

“These agreements will accelerate our introduction to the professional pest control market. We will be working to fill their initial stocking orders, and providing training and materials to their sales forces. Additionally, we have seen the sales funnel filling up in a variety of segments and markets, although the purchase decision cycle is slower than we expected,” said CEO, Loretta Mayer.

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 $SNES and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Nova Lifestyle Inc (NASDAQ:NVFY) Jumps in Pre-Market on Guidance

Nova Lifestyle Inc (NASDAQ:NVFY)

Shares of Nova Lifestyle Inc (NASDAQ:NVFY) are up over 20% in the pre-market after the company provided financial guidance for Q4 2017. The pre-market low of $1.92 was hit at 7:45 AM EST, and the pre-market high was established at 7:53 AM EST at $2.38. Volume has been light to moderate.

Nova Lifestyle Inc (NASDAQ:NVFY) forecasted revenues to come in between $35 and $36 million. Net income guidance was$3 million – $3.5 million. Net income, per share, is expected to be in the range of $0.11 – $0.13 for the quarter. And, notably, Nova announced that it expects expanded profit margins across nearly all product lines.

Tawny Lam, CEO of Nova Lifestyle Inc (NASDAQ:NVFY) stated “Since the Company’s successful transformation in early 2017 from a low-margin furniture manufacturing business to a high-margin innovative designer and global marketer of modern lifestyle consumer products, we have significantly fine-tuned our product mix and deepened distribution channels, which led to our recently announced record 3rd quarter financial results.”

“Nova made over $1 million in net income during the month of October, a substantial increase over the same period last year. Nova expects the same growth momentum to continue for the balance of the 4th quarter of 2017 and well into 2018.”

Nova LifeStyle Business Model

Nova Lifestyle Inc (NASDAQ:NVFY) is headquartered in Commerce, California. The company designs, manufactures, and distributes modern LifeStyle furniture – primarily sofas, dining rooms, cabinets, office furniture and related components, bedrooms, and various accessories in matching collections. Nova’s products are made and marketed in the US, Europe, and Asia and include LifeStyle brands such as Diamond Sofa, Nova QwiK, and Bright Swallow International.

NVFY Stock Performance

Nova Lifestyle Inc (NASDAQ:NVFY) broke above strong resistance at $2 last week, sold off, then broke above the key threshold again yesterday. NVFY has a 52-week low of $1.06 and a 52-week high of $3.13.

Over the past quarter, the stock has outperformed, gaining over 30%. However, over the past year, NVFY stock has lost over 40%. Recently the company has been trading near it book/share value of $2.28. What is interesting is that listed reports have Nova Lifestyle’s cash per share at just $0.01.

Sales have not impressed over the last few years. In 2014, sales were reported at $98.7 million and that decreased to $92.6 million by 2016. Earnings have also been challenging. In 2014 EPS was at $0.42, but in 2016 the company posted a per share loss of (-$0.01).

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.

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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.

Diana Containerships Inc (NASDAQ:DCIX)

Stock Rises Despite Q3 Losses by Diana Containerships Inc (NASDAQ:DCIX)

Diana Containerships Inc (NASDAQ:DCIX)

Diana Containerships Inc (NASDAQ:DCIX) shares are up 81%, to $12, in pre-market trading after the shipping company reported a Q3 2017 loss of $8.7 million. On a per-share basis, the loss amounted to $128.67. DCIX shares, a favorite of day-traders, hit a low of $6.35 at 7:13 AM EST and a high of $9.50 at 7:56. Volume has been light to moderate.

Diana Containerships Inc (NASDAQ:DCIX)

The shipping company posted revenue of $6.7 million in the period. Greece-based Diana Containerships Inc (NASDAQ:DCIX) is a global shipping provider. The company’s containerships are employed primarily on time charters with leading liner companies carrying containerized cargo along worldwide shipping routes.

Diana Q3 Financials

Net income for the nine months ended September 30, 2017 amounted to $20.4 million, compared to a net loss of (-$140.6) million for the same period of 2016. The net income for the nine months ended September 30, 2017 reflected a gain from a debt write-off, arising from the settlement agreement with respect to the secured loan facility with the Royal Bank of Scotland plc. The specific gain, net of related expenses, amounted to $42.2 million.

The loss for the nine months ended September 30, 2016 reflected the result of impairment charges for seven of the company’s vessels. Time charter revenues, net of prepaid charter revenue amortization, for the nine months ended September 30, 2017, amounted to $16 million, compared to $27.7 million for the same period in 2016.

Diana Lawsuit

A number of law firms are pursuing class action lawsuits against Diana Containerships Inc (NASDAQ:DCIX). The complaints generally allege that the company made materially false and misleading statements regarding the company’s business, operational, and compliance policies.

Specifically, the company made false and/or misleading statements and/or failed to disclose that: (i) through his control of Diana, Symeon Palios caused Diana to sell its common shares and securities convertible into common shares to an entity named Kalani Investments Limited (“Kalani”) at a significant discount to market price and to file registration statements so that Kalani could resell these shares into the market; (ii) when Kalani’s sales of DCIX stock caused the price of Diana stock to drop, the company would reverse split the stock, causing a specific number of outstanding shares to be merged into a single share, thereby raising the price of Diana stock; (iii) then Diana would again sell securities to Kalani and the same pattern of transactions would ensue.

By October 3, 2017, as a result of defendants’ ongoing dilutive and manipulative conduct, the price of Diana common stock had declined to close at $0.47 per share on an unadjusted basis. At this share price, Diana had a market capitalization of less than one million dollars, despite having raised millions of dollars since January 2017.

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 $DCIX 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.

Tantech Holdings Ltd (NASDAQ:TANH) Electric Vehicles Ambitions

Tantech Holdings Ltd (NASDAQ:TANH)

Tantech Holdings Ltd (NASDAQ:TANH) traded lower days after announcing the appointment of Dr. Yonghua Zhu who is to spearhead the development of the company’s electric vehicle business. Shares of the company fell 3.8% in Wednesday’s trading session, to end the day at $3.04 a share.

Tantech Holdings Ltd (NASDAQ:TANH)

Electric Vehicles Ambitions

Mr. Zhu, as the Chief Scientist Officer, is to oversee the company’s automotive projects with focus on research and development of autonomous driving technology for electric vehicles. He joins the company with vast experience in wireless transmission technology research and development.

He is currently involved in the development of electric vans. Zhu has also teamed up with a Taiwan based company to develop battery management system for electric vehicles to be used for the Hong Kong market.

According to Tantech Holdings Ltd (NASDAQ:TANH) CEO, Zhengyu Wang, the appointment marks an important milestone in the company’s push to build up technical reserves for long-term development. However, it is not expected to have any financial impact on the company in the short term.

“The appointment is in line with the Company’s strategy of developing expertise in products and services used for the electric vehicle sector to build a supply chain covering China’s entire automotive industry,” said Mr. Wang.

Despite coming under pressure in Wednesday’s trading session, Tantech Holdings Ltd (NASDAQ:TANH) has been on an impressive run, ever since it announced its plans for electric vehicles. In October alone, the stock has gained more than 10% in market value. For the full year, the stock is up by more than 50% as it continues to trade in an uptrend.

Public Offering

Separately, Tantech Holdings Ltd (NASDAQ:TANH) has announced the closing of a previously announced securities purchase agreement with certain institutional investors. The company issued 1.9 million shares to the institutional investors at a price of $3.45 a share. The company also issued warrants for the purchase of up to 945,655 common shares at an exercise price of $4.25 a share.

Tantech holdings expect gross proceeds of about $6.5 million from the offering. Net proceeds from the offering are to be used for general and working capital purposes.

Tantech Holdings Ltd (NASDAQ:TANH) will hold its 2017 annual meeting of shareholders on December 18, 2017. Only shareholders on record as of November 1, 2017, will be entitled to vote at the meeting.

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 $TANH and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Quest Resource Holding Corp (NASDAQ:QRHC)

Quest Resource Holding Corp (NASDAQ:QRHC) Makes Large Gains

Quest Resource Holding Corp (NASDAQ:QRHC)

Quest Resource Holding Corp (NASDAQ:QRHC) stock has gained over 70% after the waste management company released their Q3 2017 earnings report. QRHC shares gapped up to open at $1.48, then continued to rise to $2.91 before sellers stepped in. QRHC stock has been trading in a range between $1.90 and $2.10 since 10:30 AM EST. Volume is enormous. The stock normally trades about 38,000 shares per day, but with two hours left in today’s trading session, over 6.1 million shares have exchanged hands.

Quest Resource Holding Corp (NASDAQ:QRHC)

Quest Resource Q3 Financial Report

EPS for Q3 2017 was forecast by analysts at (-$0.07) and that is exactly what the company reported. Net loss improved by $1.3 million to (-$1.1) million compared with a net loss of (-$2.4) million for the third quarter of 2016. During the third quarter of 2017, operating expenses were $5.0 million, a decrease of $1.0 million, or 16%, compared with the third quarter of 2016. Adjusted EBITDA improved by $786,000 to $513,000 compared with a loss of (-$273,000) for Q3 2016.

Quest Resource Holding Corp (NASDAQ:QRHC) provides recycling and disposal services for a range of waste streams and recyclables generated by businesses. The company also operates social media and online digital platforms that contain information and instructions to recycle or properly dispose of household products and materials. Its services focuses on the waste streams and recyclables from big box, food chain, and other retailers.

QRHC Stock Performance

Year-to-date, QRHC stock is down over 50%. However, two investment forms cover Quest Resource Holding Corp (NASDAQ:QRHC) and both rate the shares as a “Strong Buy” with a consensus, one-year price target of $6.00. The stock’s 52-week low is $1.03, and its 52-week high is $3.00.

Quest Resource Holding Corp (NASDAQ:QRHC) has a market capitalization of less than $20 million but annual sales of over $175 million. Unfortunately, earnings have been challenging. In 2012 is lost (-$5.92) per share, and last year the loss was a more modest (-$0.55).

Stock dilution has been an issue for shareholders. In 2012, 7.12 million shares were outstanding. By the end of 2016, that number was 14.74 million.

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 $QRHC and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Sunworks Inc (NASDAQ:SUNW)

Sunworks Inc (NASDAQ:SUNW) Dim

Sunworks Inc (NASDAQ:SUNW)

Sunworks Inc (NASDAQ:SUNW) stock is down over 16%, to $1.16, after the solar power equipment provider released Q3 2017 earnings. This would mark a new 52-week low for SUNW stock. According to Zacks Investment Research, analysts were expecting EPS to come in at $0.02, but the Roseville, CA-based company reported a net loss of (-$0.09), or $2 million.

Sunworks Inc (NASDAQ:SUNW)

Sunworks Inc (NASDAQ:SUNW) was formerly known as Solar3D, Inc. The company provides solar power solutions. Sunworks designs, installs, and manages solar power systems for commercial, agricultural, residential and municipal customers in the western United States. Its solutions deliver over 2.5 kilowatts to multi-megawatts commercial systems. It also provides energy solutions and services to retail customers. Its services include project management and installation support, solar energy performance assessments, solutions consultations, materials and equipment procurement support, as well as rebates and incentives management.

SUNW Stock Performance

Sunworks Inc (NASDAQ:SUNW) earnings have been generally negative and inconsistent. In 2012 the company posted a per share loss of (-$0.42). That loss was followed by annual losses of (-$0.59) and (-$2.15). Then, in 2015, Sunworks posted a per share profit of $0.06, but then, for 2016, another loss of (-$0.46) was posted.

Sales have been on an upward trajectory though. In 2014 the company reported sales of $20.2 million and, by 2016, that number expanded to $86.4 million.

Diluting shareholder equity has been a constant issue for holders of SUNW stock. In 2012 there were 4.93 million shares outstanding. Unfortunately, by 2016, that number ballooned to 20.23 million.

All three investment firms that follow Sunworks Inc (NASDAQ:SUNW) rate SUNW shares as a “Strong Buy”. Their consensus, one-year price target is $2.67.

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 $SUNW and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Ossen Innovation Co Ltd (ADR) (NASDAQ:OSN)

Why is Ossen Innovation Co Ltd (ADR) (NASDAQ:OSN) Gaining?

Ossen Innovation Co Ltd (ADR) (NASDAQ:OSN)

Ossen Innovation Co Ltd (ADR) (NASDAQ:OSN) stock is up over 30%, but have dropped from prices that hit multi-year highs. The daily average volume for OSN stock is just over 10,000 shares. However today, by 1:15 PM EST, over 1.8 million shares have exchanged hands. The substantial price and volume increase is curious to market observers as no news has been announced by the company or financial press that could account for the dramatic increases.

Ossen Innovation Co Ltd (ADR) (NASDAQ:OSN)

Ossen Innovation Co Ltd (ADR) (NASDAQ:OSN) manufactures and sells plain surface pre-stressed steel materials and rare earth coated and zinc coated pre-stressed steel materials. The company’s products are mainly used in the construction of bridges, highways and other infrastructure projects. Ossen has two manufacturing facilities located in Maanshan, Anhui Province, and Jiujiang, Jiangxi Province.

OSN Stock Performance

In late September, OSN stock hit its 52-week low of $1.50. Today the stock has been as high as $3.61, but sellers stepped in and the stock is now trading around the $2.75 level. Out of the past 12 trading sessions, OSN stock has ended the day higher eleven times.

Ossen Innovation Co Ltd (ADR) (NASDAQ:OSN) per share earnings increased annually from 2012 $0.36, to 2015, $0.89. But in 2016 the company reported a lower figure of $0.73. Sales have been largely flat. In 2012 the company posted sales of $122.4 million and by 2016 that number was just $117 million.

OSN stock has gained just 3% year-to-date, but returned over 23% over the past month.

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 $OSN and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Marrone Bio Innovations Inc (NASDAQ:MBII)

Mixed Financial Results for Marrone Bio Innovations Inc (NASDAQ:MBII)

Marrone Bio Innovations Inc (NASDAQ:MBII)

Marrone Bio Innovations Inc (NASDAQ:MBII) (MBI) reported a Q3 2017 EPS loss of (-$0.27) against a consensus analyst estimate of (-$0.24), and a loss of (-$0.29) for Q3 2016. However, revenues increased 16%, and gross margins increased by 41% which has fueled a 11% gain in late-morning trading.

Marrone Bio Innovations Inc (NASDAQ:MBII)

Dr. Pam Marrone, CEO of Marrone Bio Innovations Inc (NASDAQ:MBII), made a statement regarding the company’s performance and future prospects “We experienced several noteworthy catalysts in the third quarter of 2017… Despite these major events, unfavorable weather conditions reduced the number of expected sprays in several of our key markets. Historically, the third quarter produces the lowest sales of the year and is the most unpredictable, evidenced by hurricanes Irma and Maria which significantly impacted our sales in Florida and Puerto Rico.”

Marrone Bio Innovations Inc (NASDAQ:MBII) develops and distributes pest management solutions on a global scale. Marrone Bio’s help customers operate more sustainably while improving plant health and increasing crop yields. The company currently has six commercially available products (Regalia®, Grandevo®, Venerate®, Majestene®, Haven™ and Zequanox®), with Stargus™ planned for launch later in 2017 as well as seven other product candidates in various stages of the company’s rapid development pipeline.

Marrone Bio Developments

The company received EPA registration for MBI-110 (Stargus) for specialty crops and Amplitude for row crops. MBI plans to launch Stargus in the United States market in 2017. As part of MBI’s collaboration with Evogene, transgenic plants carrying MBI’s insecticidal genes were developed and one candidate showed promising results (100% kill) against cabbage looper. Additional tests are in progress. Finally, the company signed new distribution agreements in Africa with regionally significant firms such as ÉLÉPHANT VERT in North Africa and Kenya Biologics in Kenya and Tanzania.

MBII Stock Performance

MBII stock dropped from the $2.50 level in late 2016, then met strong support at the $1 mark. Over the years, the company’s EPS and sales figure have trended positively. In 2012, the company had an EPS loss of (-$10.36). In the years that followed, losses continued by at smaller amounts. In 2016 the EPS loss was (-$1.26). Sales have trended upwards since 2012 when the company reported $7.1 million. By 2016 that number improved to $14 million.

The consensus of analyst gives MBII stock a one-year price target of $2.50. However, the stock’s 52-week high is $2.61. Three investment firms follow Marrone Bio Innovations Inc (NASDAQ:MBII). One rates MBII shares as a “Strong Buy” while two rate the stock as 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 $MBII and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.