Digital Ally, Inc. (NASDAQ:DGLY)

Digital Ally, Inc. (NASDAQ:DGLY) Jumps on Court Decision

Digital Ally, Inc. (NASDAQ:DGLY)

Shares of Digital Ally, Inc. (NASDAQ:DGLY) are up 18% after the company won a court ruling which should send the issue to trial. The market reacted favorably to the decision by the Federal District Court of Kansas after it rejected the request of Axon Enterprise, Inc. (Axon) to maintain the stay of the patent lawsuit brought against it by Digital Ally.

Digital Ally, Inc. (NASDAQ:DGLY)

Digital Ally, headquartered in Lenexa, KS, specializes in the design and manufacturing of the highest quality video recording equipment and video analytic software. Its products are distributed globally. The company’s products include in-car and body cameras, cloud and local management software, and automatic recording technology. The products have been designed to work seamlessly together.

On November 8, 2017, the company’s Board of Directors decided to explore strategic alternatives. Avenues may include monetizing its patent portfolio and related patent infringement litigation against Axon, the sale of Digital Ally as a whole, or the sale of select properties or groups of properties or individual businesses. The result of the strategic review may also include the continued implementation of the company’s business plan. The Company has retained Roth Capital Partners LLC to assist in this process.

Digital Ally Accused of Patent Infringement

The litigation between Digital Ally, Inc. (NASDAQ:DGLY) and Axon involves two patents — the ‘452 Patent and U.S. Patent No. 8,781,292 (“the ‘292 Patent”). The ‘452 Patent generally covers the automatic activation and coordination of multiple recording devices in response to a triggering event such as a law enforcement officer activating the light bar on the vehicle. Within the Axon product family, the “Signal” component is responsible for this functionality. The ‘292 Patent is asserted against Axon’s Signal Performance Power Magazine (SPPM) – a battery pack that incorporates Signal and is designed to activate one or more body cameras when the safety of a conducted electrical weapon is deactivated.

On July 6, 2017, the U.S. Patent Office denied Axon’s petition for inter partes review of Digital’s ‘452 Patent. On August 3, 2017, the Patent Office denied Axon’s final petition for IPR of the ‘452 Patent. This was Axon’s final attempt to invalidate the ‘452 Patent before the Patent Office.

Last Friday, November 17, 2017, the Court rejected Axon’s request and lifted the stay of the litigation. In ruling on the motion regarding the stay, the Court found that the evidence submitted by Digital Ally, Inc. (NASDAQ:DGLY) “weigh heavily against continuing the stay of the ‘452 patent” and that “the Court denies Defendant’s [Axon’s] request to continue the stay of this case with respect to the ‘452 patent.” The Court has set a hearing for December 14, 2017, to discuss a schedule for moving the case forward to trial.

DGLY Stock Performance

Digital Ally, Inc. (NASDAQ:DGLY) has a market capitalization of $16.1 million and a float of just 5.73 million shares. This makes it a frequent subject of day-trading chat rooms and frequent jumps in trading volume.

Year-to-date, DGLY stock has lost over 44% but is up 4.5% for the past week. It has a consensus, one-year target price of $6 – a price which was established early in 2017 and is also its 52-week high. Since then, the stock has largely slid downwards to $1.70, its 52-week low which was hit earlier this month.

Three investment firms cover Digital Ally, Inc. (NASDAQ:DGLY). Two rate DGLY stock as a “strong Buy”, while one rates the shares 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 $DGLY 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.

Rewalk Robotics Ltd (NASDAQ:RWLK) Pricing Public Offering at Discount

Rewalk Robotics Ltd (NASDAQ:RWLK)

Rewalk Robotics Ltd (NASDAQ:RWLK) fell 14.8% after announcing the pricing of a public offering of 6.9 million shares at $1.05 a share. The developer of wearable robotic exoskeletons has also granted underwriters a 45-day option for the purchase of an additional 1 million shares. Currently, there are 25.91 million shares of RWLK outstanding. Accordingly, the public offering will have a materially dilutive effect on shareholder equity – a fact that likely fueled the sell-off.

Rewalk Robotics Ltd (NASDAQ:RWLK)

The offering should close on or about November 21, 2017. Rewalk Robotics Ltd (NASDAQ:RWLK) plans to use net proceeds for sales, marketing, and reimbursement expenses related to market development activities. Part of the funds are also to be used for research and development costs, related to the development of a lightweight soft-suit exoskeleton technology for various lower limb disabilities.

Rewalk Robotics Ltd (NASDAQ:RWLK) is closing in on its all-time lows after remaining under pressure for the better part of the year. The stock is down by more than 50% for the year as it continues to trade in a strong downtrend. Immediate support is at the $1.15 mark, below which the stock could register a new 52-week low.

Rewalk Q3 Financial Results

Investor’s confidence in the stock has taken a hit after Rewalk Robotics Ltd (NASDAQ:RWLK) reported a net loss of $5.8 million for the three months ended September 30, 2017. During the quarter, revenues grew 24% to $1.7 million and by 46% to $6.2 million for the first nine months of the year. Gross Margin in the quarter improved to 41% from 21% reported last year.

In defense of the company’s long-term prospects, Chief Executive Officer Larry Jasinski believes the company is on course for further growth.

“Our business continues to deliver year over year growth as we focus on advancing our key initiatives including insurance reimbursement coverage for the ReWalk Personal device and progressing our innovative soft suit exoskeleton technology, the Restore, designed for individuals who experienced a stroke,” said Mr. Jasinski.

Rewalk Robotics Ltd (NASDAQ:RWLK) has already begun pre-clinical testing of its Restore System as it seeks to evaluate its safety, as well as ability to address mobility needs for stroke patients. A clinical trial for the system is planned for the first quarter of next year with commercialization in Europe set for late 2018.

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 $RWLK 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.

Micronet Enertec Technologies Inc (NASDAQ:MICT)

$1.9 million Order Boosts Micronet Enertec Technologies Inc (NASDAQ:MICT)

Micronet Enertec Technologies Inc (NASDAQ:MICT)

Micronet Enertec Technologies Inc (NASDAQ:MICT) shares are up over 20%, to $0.94, on massive volume. The catalyst for the unusual activity is the company’s announcement that it received a $1.9 million order. The move also comes one day after the technology company filed with the SEC regarding an increase to the company’s share compensation plan, investors have rushed into the stock and sent its volume to over 100 times the daily average.

https://finance.google.com/finance?q=mict&ei=LgQPWoDrBoi_jAGb4buYBg

Micronet Order

Micronet Inc., has received a purchase order from a current customer, valued at $1,900,000 for its TREQ®-317. In the last seven months Micronet Enertec Technologies Inc (NASDAQ:MICT) has received orders of over $14 million for Micronet’s technological solutions for the telematics and the electronic logging device (ELD) market.

David Lucatz, Chief Executive Officer of Micronet Enertec Technologies, Inc. stated in a press release “We are very pleased to continue working with our valued customers. We believe that new orders from current customers are a clear indication of the value our products deliver in the MRM space. We believe that the continued and increasing demand for our advanced Android based computing systems supports Micronet in expanding its product offerings and becoming a leading provider in the rapidly expanding MRM/telematics market.”

Micronet Shareholder’s Meeting

Micronet Enertec Technologies Inc (NASDAQ:MICT) held its 2017 Annual Meeting of Stockholders on November 15, 2017. At the meeting, the MICT stockholders approved an amendment to the Company’s 2014 Stock Incentive Plan, increasing the number of common shares from 100,000 to 200,000. Also amended was the company’s 2012 Stock Incentive Plan. The amendment increased the number of outstanding common shares from 1,000,000 to 3,000,000.

Micronet Enertec Technologies Inc (NASDAQ:MICT) operates through two companies in Israel. Enertec Systems 2001 Ltd, its subsidiary, and Micronet Ltd. Micronet Ltd develops, manufactures, and markets laptops, tablets, and rugged computers to the commercial, defense and aerospace markets.  Micronet also operates in the commercial mobile resource management market. Enertec is in the defense and aerospace markets. Enertec designs, develops and manufactures computer based instruments.

MICT Stock Performance

Shares of Micronet Enertec Technologies Inc (NASDAQ:MICT) have lost over 40% for the year. Investors have had to endure declining sales combined with expanding per share losses.

In 2013, sales were $35.6 million but that number was just $$22.7 million by 2016. In 2012, the company’s EPS was $1.67. That profit changed to a loss (-$0.10) the following year and the annual losses expanded each year. By 2016, Micronet Enertec Technologies Inc (NASDAQ:MICT) posted a per share loss of (-$0.97).

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 $MICT 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.

Liquidmetal Technologies Inc. (OTCMKTS:LQMT)

Liquidmetal Technologies Inc. (OTCMKTS:LQMT) Touts Production Milestones

Liquidmetal Technologies Inc. (OTCMKTS:LQMT)

Shares of Liquidmetal Technologies Inc. (OTCMKTS:LQMT) gained 10.8% after the amorphous alloy developer said it achieved major production milestones in the medical and automotive markets in Q3. During the quarter, the company demonstrated its new ENGEL-based medical grade molding system and upgraded EON industrial grade molding systems.

Liquidmetal Technologies Inc. (OTCMKTS:LQMT)

Financial Results/ Corporate Update

Focus in the quarter was on the development of prototype and commercial parts for customers. Liquidmetal Technologies Inc. (OTCMKTS:LQMT) also partnered licensees on the development of the company’s technology and production processes.

“Our customers have shifted from an interest in a novel technology to a strong desire to produce high volumes of amorphous metal parts. We now have the capabilities customers demand to scale high-value production,” said Bruce Bromage, COO.

It awaits to be seen if the milestones will help strengthen investors’ confidence in Liquidmetal Technologies Inc. (OTCMKTS:LQMT). The stock has been under pressure since September when it rose to $0.40 a share. While the stock is up by more than 10% for the year, it faces the risk of dropping further as it continues to trade near a key support level.

For the third quarter, Liquidmetal Technologies Inc. (OTCMKTS:LQMT) generated revenues of $36,000. Selling, marketing, general, and administrative expenses in the quarter totaled $1.7 million as research and development expenses dropped to $500,000 from $548,000 as of last year.

The company exited the quarter with cash and cash equivalent of $43.3 million compared to $58.9 million as of December 31, 2016. Liquidmetal Technologies Inc. (OTCMKTS:LQMT) attributes the decrease to capital expenditures associated with the build-out of the company’s manufacturing capabilities.

LiquidMetal COO Appointment

Separately, Liquidmetal Technologies Inc. (OTCMKTS:LQMT) has confirmed the appointment of Bruce Bromage as the company’s Chief Operating Officer. Bromage is tasked with the responsibility of executing the company’s business strategy and operations.

He takes over after serving as the company’s executive vice president of business development and operations. Bromage has previously held executive positions at Hewlett Packard and the Hughes Aircraft Company. According to the Chief Executive Officer, the appointment provides direct accountability for the company’s operational financial performance.

Open House Event

The developer of alloy technologies hosted an open house event at its Lake Forest facility last month. Over 180 investors, customers, and partners attended the event. On display were the firm’s three production lines, medical-grade amorphous metal molding, and industrial grade amorphous metal molding and newly added Metal injection molding.

“It was a pleasure to be able to discuss our business directly with customers and investors,” said Professor Li. “They had many excellent questions.”

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 $LQMT 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.

Avid Technology, Inc. (NASDAQ:AVID)

Avid Technology, Inc. (NASDAQ:AVID) Unveils New Video-over-IP Interface

Avid Technology, Inc. (NASDAQ:AVID)

Shares of Avid Technology, Inc. (NASDAQ:AVID) gained 14.74% after the global media technology provider unveiled its latest addition to the Avid I/O family of hardware interfaces. Avid Artist DNxIP is the new Thunderbolt 3 equipped I/O device, designed to enable the transfer of SMPTE standard HD video over 10GigE IP networks.

Avid Technology, Inc. (NASDAQ:AVID)

Avid Artist DNxIP

Built in partnership with AJA and powered by MediaCentral, Avid Artist DNxIP should eliminate the challenges of managing physical resources commonly associated with legacy video routing. It should also give customers more flexibility in the way they route video within their facilities.

“DNxIP is the next evolution of our development efforts with Avid, a trusted technology partner. We’re excited to be teaming up with them again on a next-generation hardware option that meets the needs of professional IP workflows,” said Nick Rashby, President, and AJA Video Systems.

Avid Technology, Inc. (NASDAQ:AVID) has received a lot of attention due to the recent volatility of its stock. AVID stock is currently trading in an uptrend after gaining more than 40% in market value since the start of the month. For the full year, the stock is up by more than 30%.

Stellar Q3 Results

Renewed investor interest in the stock follows the announcement of better than expected third quarter financial results. Avid Technology, Inc. (NASDAQ:AVID) exceeded guidance on revenue and bookings in the recent quarter as it recorded growth in key metrics. Improvement in adjusted EBITDA drove the company to the fourth consecutive quarter of positive adjusted cash flow.

Avid Technology reported a net income of $72,000 for the third quarter as revenue came in at $105.3 million, above the upper-end of guidance. During the quarter, the company signed several multiyear deals that are expected to lead to further revenue growth in the fourth quarter.

For the fourth quarter, Avid Technology, Inc. (NASDAQ:AVID) expects bookings of between $112 million and $126 million and revenues of between $103 million and $113 million.

“The completion of the transformation in the second quarter of 2017 has positioned us to drive profitable growth, increase revenue visibility and cash flow. In the third quarter, we achieved meaningful growth across bookings, revenue excluding pre-2011 and eliminating PCS, adjusted EBITDA and adjusted free cash flow,” said CEO, Louis Hernandez.

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 $AVID 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.

Netlist, Inc. (NASDAQ:NLST)

Netlist, Inc. (NASDAQ:NLST) Stock Craters on Decision

Netlist, Inc. (NASDAQ:NLST)

Netlist, Inc. (NASDAQ:NLST) stock cratered after two decisions by two different courts gave the chip manufacturer a win and a loss. NLST shares were down over 50% by the close of business today to close at $0.24 on a volume over 24 times its listed daily average.

Netlist, Inc. (NASDAQ:NLST)

Court of Appeals Decision

Yesterday, the U.S. Court of Appeals for the Federal Circuit affirmed earlier decisions from the U.S. Patent Trial and Appeal Board (PTAB) confirming the validity of certain claims of Netlist’s U.S. Pat. Nos. 8,001,434 (434 Patent) and 8,359,501 (501 Patent).

Netlist’s 434 Patent and 501 Patent cover self-test technologies widely used in LRDIMMs, SSDs, and Storage Class Memory. Netlist, Inc. (NASDAQ:NLST) asserted these patents as part of a seven-patent lawsuit against SanDisk and Diablo Technologies.  SanDisk and Smart Modular filed a total of six petitions for Inter Partes Review (IPR) challenging the validity of these two patents, which have now been resolved in Netlist’s favor by the Federal Circuit. If they so choose, the decision can be appealed to the U.S. Supreme Court.

U.S. International Trade Commission Finding

However, Netlist, Inc. (NASDAQ:NLST) also lost its case when the Administrative Law Judge Bullock of the United States International Trade Commission (ITC), issued a Notice of Initial Determination (ID) in its investigation of SK hynix RDIMM and LRDIMM enterprise memory products. According to the notice, ALJ Bullock determined that no violation of section 337 of the Tariff Act has been found with respect to Netlist’s patents in Certain Memory Modules and Components Thereof, and Products Containing Same, Investigation No. 337-TA-1023.

The parties and their counsel have not yet received the full ID, which is subject to confidentiality restrictions. Netlist anticipates its counsel will receive this document within the next few days.  Netlist will determine at that time whether further comment on the decision is appropriate.  A public version of the ID will be available within 30 days.

The ID is now subject to review by the Commissioners at the ITC. Netlist, Inc. (NASDAQ:NLST) intends to petition for review of any findings in the ID it believes are incorrect.  The Commission will then decide whether to review portions of, or the entire ID.  Once the issues under review have been briefed, the Commission may affirm, set aside, or modify the portions of the ID under review.  These conclusions will be contained in a Final Determination which is currently scheduled to be issued by the Commission by March 14, 2018.

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 $NLST 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.

SemiLEDs Corporation (NASDAQ:LEDS)

Shares of SemiLEDs Corporation (NASDAQ:LEDS) Booming!

SemiLEDs Corporation (NASDAQ:LEDS)

SemiLEDs Corporation (NASDAQ:LEDS) stock is up over 1700% after the memory chip manufacturer announced it would be releasing their Q4, 2017 financial results after the market close. LEDS stock was trading below yesterday’s close until the company made the announcement, then the stock shot up from $2.75 to over $7.50 just after 12:30PM EST. Volume is over 130 times the daily listed average.

SemiLEDs Corporation (NASDAQ:LEDS)

SmeiLEDS Files Preliminary Results

However, prior to this morning’s announcement, SemiLEDs Corporation (NASDAQ:LEDS) filed an 8-K form with the SEC and provided preliminary results for the quarter ended August 31, 2017. Revenue for Q4 2017 was $2.6 million, a 22% increase compared to $2.1 million for Q3 2017. GAAP net loss attributable to SemiLEDs stockholders for the fourth quarter of fiscal 2017 was (-$0.7) million, compared to a loss of (-$1.6) million for Q3 2017, or a net loss of (-$0.19) per diluted share, compared to a net loss of (-$0.45) per diluted share for Q3 2017. Cash and cash equivalents was $3.6 million as of August 31, 2017, compared to $3.1 million at the end of the third quarter of fiscal 2017. The net cash inflows in operating activities were $0.5 million in the fourth quarter of fiscal 2017, compared with net cash outflows $0.9 million in the third quarter of fiscal 2017.

SemiLEDs Corporation (NASDAQ:LEDS), based in Chunan, Taiwan, develops and manufactures LED chips and LED components primarily for general lighting applications, including street lights and commercial, industrial and residential lighting, along with specialty industrial applications such as ultraviolet (UV) curing, medical/cosmetic, counterfeit detection, horticulture, architectural lighting and entertainment lighting. SemiLEDs sells blue, white, green and UV LED chips.

LEDS Stock Performance

Sales have been declining for SemiLEDs Corporation (NASDAQ:LEDS). In 2012, the company reported sales of $29.3 million. For 2016, the company’s sales were only $10.1 million. However, with one exception, EPS losses have been contracting annually. In 2012 the EPS loss was (-$18.04), and that number shrank to (-$7.25) by 2016.

Over the past quarter, LEDS stock has performed well – gaining over 30%. Unfortunately, the shares are down over 20% for the year.

It should also be noted that, as of the market open, LEDS stock had a sizeable short seller position of over 20% of the stock’s float.

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 $LEDS 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.

Asure Software Inc. (NASDAQ:ASUR) Spikes After Record Q3

Asure Software Inc. (NASDAQ:ASUR)

Asure Software Inc. (NASDAQ:ASUR) shares gained 12.97% after the Austin-based maker of human capital management programs reported record revenue for the third quarter. The achievement was driven by continued growth across the entire business as the company continued to integrate multiple acquisitions made this year.

Asure Software Inc. (NASDAQ:ASUR)

ASUR Stock Performance

The better-than-expected third quarter financial results helped strengthen the stock’s sentiments on Wall Street. Investors’ confidence appears to be slowly building up, the stock having come under pressure in recent months.

For the full year, Asure Software Inc. (NASDAQ:ASUR) is up by more than 40%. The stock faces immediate resistance at the $13.50 mark, above which it could make a push for its 52-week high of $16.03 a share.

Asure’s Q3 Financial Results

Revenue for the three months ended September 30, 2017, increased 65% to $15.5 million. Cloud revenue was up 97%, as hardware revenue increased 48% compared to the third quarter of 2016. Gross margin came in at $12.1 million or 78.1% of total revenue, representing a 64% increase from $7.4 million reported last year.

Asure Software Inc. (NASDAQ:ASUR) reported a net income per share of $0.15 a share compared to a non-GAAP net income per share of $0.22 a share reported last year. The Chief Financial Officer, Kelyn Brannon, attributes the better than expected Q3 financial results to the execution of a cloud sales initiative that helped produce solid gross margins and recurring revenue.

“Additionally, our strong cash position as well as our investments in infrastructure and processes has increased the operating leverage of our business model. Overall, our results in the third quarter reflect the increasing demand for our solutions as well as the cost and operational synergies from the strategic acquisitions we have completed this year,” said Mr. Brannon.

For the full year, Asure Software Inc. (NASDAQ:ASUR) expects revenue of between $54.25 million and $56.25 million. Excluding one-time items, Non-GAAP EBITDA should range between $12.2 million and $13.5 million. The company is also projecting Non-GAAP net loss per share of between $0.06 and $0.02 a share.

Asure Software is projecting revenues of $70 million for 2018 as it moves to integrate already completed acquisitions. The company also plans to carry out multiple ‘tuck-in” acquisitions of service bureaus, which could drive further 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.

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

About the author: Monica has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.

Avid Technology, Inc. (NASDAQ:AVID)

Avid Technology, Inc. (NASDAQ:AVID) Q3 Earnings Beat Estimates

Avid Technology, Inc. (NASDAQ:AVID)

Shares of Avid Technology, Inc. (NASDAQ:AVID) gained 26.24% after the global media technology company reported better than expected Q3 2017 financial results. Revenues and bookings exceeded guidance in the quarter. Strong improvement in adjusted EBITDA allowed the company to post a fourth consecutive quarter of positive cash flow.

Avid Technology, Inc. (NASDAQ:AVID)

AVID Investors Reaction

Investors reacted to the stellar financial results by pushing the stock from this year’s lows to $5.10 a share. The stock is up by more than 10% for the year. Avid Technology, Inc. (NASDAQ:AVID) faces resistance at the $5.50 mark above which it could make a to this year’s highs of $6 a share.

Renewed investor interest in the stock is as a result of the company exceeding guidance in all its key metrics. According to Chief Executive Officer, Louis Hernandez, Jr., completion of transformation should allow Avid technology to drive profitable growth as well as increase revenue visibility and cash flow.

AVID Q3 Results

For the three months ended September 30, 2017, Avid technology bookings came above the upper end of guidance at $102.8 million. Constant currency bookings totaled $107.9 million which were in line with guidance. GAAP Revenue was $105.3 million above the upper end of guidance. Gross margin came in at 57.3%.

Net income in the quarter came in at $72,000 as adjusted free cash flow came in at $0.5 million at the upper end of the guidance. Adjusted free cash flow for the first nine months rose to $55.7 million,

According to the Chief Executive Officer, customers ranging from the largest media enterprise continue to adopt Avid Technology, Inc. (NASDAQ:AVID)’s innovative solutions.

“With our cloud-enabling MediaCentral platform, enterprises are unlocking greater strategic value from their Avid partnership as we help them to achieve new economies of scale while they work to engage audiences on any device with increasing amounts of content,” said Mr. Hernandez.

Q4 Outlook

During the quarter, Avid Technology, Inc. (NASDAQ:AVID) signed several multi-year enterprise deals with large customers, including Viacom and NHK. Total licenses for the MediaCentral platform increased 27% year-over-year to 51,000. Direct digital bookings with individual creative professionals increased 35% year-over-year.

For the fourth quarter Avid Technology, Inc. (NASDAQ:AVID) expects bookings to range between $118 and $132 million. Revenue, on the other hand, should range between $103 and $113 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 $AVID 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.

LightPath Technologies, Inc. (NASDAQ:LPTH)

Market Dims on LightPath Technologies, Inc. (NASDAQ:LPTH)

LightPath Technologies, Inc. (NASDAQ:LPTH)

Last Friday, LightPath Technologies, Inc. (NASDAQ:LPTH) shares dropped over 22%, and closed at $2.91, after the company released Q1 2018 earnings after the market closed on Thursday. The market punished shares of the electrical equipment manufacturer after earnings beat results from the same period last year, but were below analyst estimates.

LightPath Technologies, Inc. (NASDAQ:LPTH)

Lightpath Earnings Report

LightPath Technologies, Inc. (NASDAQ:LPTH) reported Q1 2018 EPS at $0.01, while analysts were expecting $0.03. Revenues came in at $7.6 million but analysts were looking for a figure of $8.4 million. LPTH stock gapped down on the news and opened at $3.40 after closing on Thursday at $3.74. Shares continued to dive until the last hour of trading and hit a daily. Shares settled the day at $2.91.

The earnings report showed improvements on many fronts, but the improvements were not as aggressive as the market was expecting. Q1 2018 revenue increased 51% to approximately $7.6 million, as compared to approximately $5.0 million for Q1 2017. Adjusted net income, which excludes the non-cash income or expense related to the change in fair value of their stock warrant liabilities, were approximately $169,000, versus approximately $97,000 for the same period last year. Adjusted EBITDA, which excludes the non-cash income or expense related to the change in fair value of our warrant liability, was approximately $1.2 million, an increase of 99%, as compared to $619,000 for Q1 2017.

Orlando, FL-based LightPath Technologies, Inc. (NASDAQ:LPTH) is a vertically integrated provider of optics, photonics, and infrared solutions for the global industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes proprietary optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and gradient index GRADIUM® lenses. LightPath also offers custom optical assemblies, including full engineering design support.

LPTH Stock Performance

LightPath Technologies, Inc. (NASDAQ:LPTH) has more than doubled sales since 2014 when the company posted a figure of $11.8 million. That number was $28.4 million for 2017. Earnings have also shown improvement. In 2015, LPTH EPS was (-$0.05), but that was followed by two years of positive EPS. For 2017 the EPS profit was $0.39.

Investors rewarded the company over the past year by buying the shares and sending the stock up over 70%. For the year, LPTH shares are up nearly 90%. The analysts’ consensus, one-year price target was, before Friday, $3.05.

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 $LPTH 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.