Aehr Test Systems (NASDAQ:AEHR) Receives $2.7 Million Purchase Order

Aehr Test Systems (NASDAQ:AEHR)

Shares of Aehr Test Systems (NASDAQ:AEHR) gained 11% after the worldwide supplier of semiconductor test and burn equipment announced a $2.7 million follow-on order. The purchase order is for the supply of the company’s OX-XP system, multiple DiePak® Carriers. In addition to the $2.7 million order, Aehr Test System has reported a 31% increase in Q1 revenue.

AEHR Stock Performance

Investors reacted to the news by pushing the stock to $3.52, which happens to be a key resistance level, in a falling trend line. Should Aehr Test Systems (NASDAQ:AEHR) rise above the $3.60, it could make a push to $4, which happens to be another key resistance level.

While Aehr Test Systems (NASDAQ:AEHR) is up by more than 10% for the year, it is still down by more than 30% from its April highs of $6 a share. The stock has been trading in a downtrend in recent months after struggling to rise above the $5 a share mark.

Aehr Test Systems (NASDAQ:AEHR)

The $2.7 million order should strengthen investor confidence on the stock as it continues to bounce back from multi-year lows.

The contract validates FOX –XP system unique capability of delivering thousands of test resources that has made it appropriate for volume test/burn in production.

“We are excited to receive these additional follow-on orders from this large multinational customer for their production test/burn-in requirements. The new orders build on an existing device test/burn-in implementation at this customer now moving into volume production, which continues to expand our production presence for multiple generations of devices,” said CEO Gayn Erickson.

Aehr Q1 Earnings

The $2.7 million FOX-XP orders follow reports that Aehr Test Systems (NASDAQ:AEHR) generated net sales of $7 million for the first quarter of 2017, up from $5.3 million reported the previous year. Non-GAAP net income came in at $226,000 or $0.01 a share compared to a net loss of (-$436,000) for the corresponding period last year.

During the quarter, the company received a $900,000 order for the supply of additional testing capability and power handling capacity to test and burn-in new silicon photonics. Late last month the company announced a volume production order worth more than $3 million

Taking into consideration the $2.7 million order, Aehr Test Systems (NASDAQ:AEHR) entered the second quarter with a backlog of $18 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 $AEHR 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.

Remark Holdings, Inc. (NASDAQ:MARK) Seven Figure Contract

Remark Holdings, Inc. (NASDAQ:MARK)

Shares of Remark Holdings, Inc. (NASDAQ:MARK) gained 7.93% after one of China’s largest state-owned enterprises awarded the company’s subsidiary, KanKan, a seven-figure contract. The contract is for the supply of facial and object recognition technology to a Shanghai municipal health agency.

Remark Holdings, Inc. (NASDAQ:MARK)

MARK Stock Performance

Wednesday’s rally helped reverse a sell-off that had pushed Remark Holdings, Inc. (NASDAQ:MARK) from $4.20 to$3.60. Remark Holdings, Inc. (NASDAQ:MARK) has underperformed the overall industry after struggling to rise above January trading levels. It awaits to be seen if the seven-figure contract is the catalyst that will help push the stock to new highs. MARK has a 52-week high of $4.87 a share.

The technology utilizes artificial intelligence to ensure food service workers wear hats and masks all the time. KanKan is to install the technology in 200 restaurants as part of the trial phase ahead of a potential expansion to 2,000 facilities.

“This contract shows that we are able to monetize our artificial-intelligence technology, including facial and object recognition,” said Kai-Sheng Tao, Remark Holding’s Chairman and CEO, “and it sets the foundation for us to potentially triple our business with the city of Shanghai in 2018 and expand to most of the eight million restaurants located in cities throughout China.”

Remark’s Revenue Growth

The KanKan Artificial Intelligence platform has been a key driver of Remark Holdings, Inc. (NASDAQ:MARK)’s revenue. With the unit meeting and surpassing expectations, Mr. Tao remains confident of the company meeting its revenue and growth metrics for the year.

For the three months ended June 30, 2017, Remark Holdings, Inc. (NASDAQ:MARK) generated revenues of $17.3 million, compared to $15 million reported last year. Revenue for the first six months of the year totaled $32.6 million compared to $29.2 million last year.

Net loss for the quarter dropped to (-$4.3) million or (-$0.19) a share from (-$5.4) million or (-$0.27) a share as of the second quarter of 2016. Net loss for the first six months of the year nearly halved to (-$4.3) million from (-$7.8) million as of last 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 $MARK 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.

Tintri Inc. (NASDAQ:TNTR) Appoints Michael Lombardo

Tintri Inc. (NASDAQ:TNTR)

Tintri Inc. (NASDAQ:TNTR) shares jumped 7.44% after the storage management solutions provider announced the appointment of Michael Lombardo as the Vice President of Channel Sales. His appointment follows the launch of EC6000 all-flash series and the Tintri Cloud.

Tintri Stock Performance

Analyst sentiments on Tintri Inc. (NASDAQ:TNTR) have turned sour ever since it became a public company. The stock is already down by more than 50% from its IPO price as investors continue to question its long-term growth prospects.

Tintri Inc. (NASDAQ:TNTR)

Fuelling the sell-off wave are reports that the company might have provided misleading statements in the run-up to its Initial Public Offering. According to a number of complaints lodged by law firms, the management team is accused of failing to disclose that the company was experiencing sales attrition as well as distraction and disruption in the business.

Tintri Sales Growth

Sales in the quarter coming in at the lower end of expectations and guidance appears to support concerns that the company might have withheld information from shareholders. Tintri Inc. (NASDAQ:TNTR) has sought to quash the concerns by unveiling new products and reiterating that it is on course to meet its growth targets.

The appointment of Leonardo is seen by observers as a move by Tintri to affirm its commitment to accelerating sales growth. He joins the company with over 20 years’ experience which the company believes will be crucial as he moves to oversee national account teams and sales channels.

“Tintri is continuing to expand on its channel commitment—through training and certifications we’ve helped our partners build their cloud businesses. Now Michael, especially through his experience with national partners, will play a critical role in refining our channel strategy and driving channel sales forward,” said Tom Ellery, Senior Vice President of Americas and Federal at Tintri.

Separately, Tintri Inc. (NASDAQ:TNTR) will be showcasing its newly launched solutions EC6000 series at the Microsoft Corporation (NASDAQMSFT) Ignite conference in Orlando, Florida. The company will also demonstrate its deep integration with the Microsoft ecosystem as it seeks to help joint customers automate storage management and enable a number of enterprise cloud benefits.

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 $TNTR 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.

My Size Inc. (NASDAQ:MYSZ) Explodes On Patent

My Size Inc. (NASDAQ:MYSZ)

Shares of My Size Inc. (NASDAQ:MYSZ) jumped 17.7% after the technology company announced it had received its first patent. The new patent, Measurement of a Body application, issued in Russia, strengthens the company’s prospects in the online apparel market.

MYSZ Stock Performance

The rally did little to reverse a strong selling pressure that has engulfed the stock for the better of the year. My Size Inc. is down by more than 60% for the year having underperformed the overall industry. The stock is currently trading in a strong downtrend and at multi-year lows.

My Size Inc. (NASDAQ:MYSZ)

My Size Inc. (NASDAQ:MYSZ) faces immediate resistance at the $1 a share mark. It awaits to be seen if the new patent, which expires in 20 years, will strengthen investor’s sentiments.

According to the Chief Executive Officer, Ronen Luzon, the new patent will strengthen My Size Inc. position as a measurement technology company in the growing e-commerce apparel business.

The Measurement of a Body Part patent details a system whereby shoppers will be able to choose the accurate size garment on retailer’s websites using measurements taken by a smartphone. The My Size Inc. app will analyze recorded data by a customer using big data and recommend the appropriate size of a clothing for purchase.

My Size Inc. (NASDAQ:MYSZ) new app utilizes smartphones algorithms rather than smartphone camera to record and analyze measurements thereby ensuring high levels of customer privacy.

“We are very proud of our R&D team which has engineered unrivaled technology that is now formally recognized as unique. We have many other patents pending worldwide for our Measurement of a Body Part smartphone application as well as other measurement applications in our long pipeline of products […],” said Mr. Billy Pardo Chief Product Officer.

 MySize Marketing Strategy

In addition to the new measurement patent, My Size Inc. (NASDAQ:MYSZ) is also offering TrueSize app designed to enable shoppers quickly and accurately measure themselves using mobile phones. The company is currently pushing for the integration of the technology in retailers e-commerce or m-commerce websites.

TRUCCO is one of the retailers that has already adopted the technology through an application dubbed RealSize.

“TRUCCO’s RealSize launch was a major milestone. We are very excited that online retail customers are enjoying the benefits of our technology, and we look forward to meeting companies at PremiereVision whose customers could benefit from our products,” said Mr. Luzon.

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 $MYSZ 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.

Izea Inc. (NASDAQ:IZEA) Explodes 64%

Izea Inc. (NASDAQ:IZEA)

Izea Inc. (NASDAQ:IZEA) shares rallied 64.1% after the operator of a premier online marketplace launched a “first of its kind” service designed to help IZEAx clients distribute 3D assets to social media influencers. Dubbed Augmented Sponsorship the new service leverages ARKit technology in iOS 11 to simplify the placement of virtual 3D objects and animations in real-world environments.

Investors Reaction

The new service appears to have strengthened investor’s sentiments on Izea Inc. (NASDAQ:IZEA) as seen by the stock’s performance in recent trading sessions. Last week’s rally saw the stock rise to highs of $4 a share before it retreated to close the week at $3.20.

The rally helped reverse a downtrend that had engulfed the stock in recent months, plunging it to multi-year lows. IZEA is still trading in a downtrend and needs to close above $4 if an uptrend is to resume. It appears that the Augmented Sponsorship service could be the catalyst to revitalize the stock’s performance on Wall Street.

Izea Inc. (NASDAQ:IZEA)
One month IZEA stock price chart

Augmented Sponsorship

Izea Inc. (NASDAQ:IZEA) has already launched the service with the nations’ leading provider of transition services CORT. The service provider is to use the new technology to provide 3D models of furniture to social media influencers. By doing so, the influencers should be able to place virtual furniture in their home and in return, share their experience with their followers.

“Our platform provides dynamic targeting and delivery of 3D assets to individual influencers, enabling those influencers to place and manipulate virtual objects, and include them in their content creation process. This opens up a whole new way for Influencers to engage with brands and produce compelling sponsored visual content for their audiences,” said CEO Ted Murphy.

Pursuing Influencers

This is not the first time that Izea Inc. (NASDAQ:IZEA) has sought to leverage the power of influencers on social media when it comes to marketing. The premier online marketplace was the first to create a platform for sponsored blog posts, sponsored tweets as well as sponsored check-ins. Since 2016, the company has enabled over 3.5 million transactions between brands and creators.

The IZEAx platform allows Izea Inc. (NASDAQ:IZEA) to bring new content creation tools to influencers allowing them to popularize products that are difficult and expensive to market, such as furniture. The platform also opens up a wide a range of possibilities outside product placement.

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 $IZEA 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.

Tantech Holdings Ltd (NASDAQ:TANH) Jumps After $20 Million Order

Tantech Holdings Ltd (NASDAQ:TANH)

Tantech Holdings Ltd (NASDAQ:TANH) shares jumped 6.88% after its subsidiary, Suzhou E Motors Buses Co. Ltd, confirmed the signing of a $20 million contract for its electric vans and buses. The contract is for the delivery of 450 all-electric vans and buses.

The massive contract validates the company’s electric car technology at a time when China is emerging as the world largest market for electric cars. Investors appear to be taking note of Tantech Holdings Ltd (NASDAQ:TANH) prospects as it continues to establish its position in the fast-growing electric car market.

Tantech Holdings Ltd (NASDAQ:TANH)
One month TANH stock price chart

China EV Market Opportunity

Tantech Holdings Ltd (NASDAQ:TANH) should continue to rise given its big bet on China electric car industry that is set to grow to 40 million cars a year by mid-2020 up from 28 million as of last year. The $20 million purchase order comes a few months after China’s Ministry of Industry and Information Technology approved the sale of Tantech Holding electric van (ZQK6810EV6) and electric bus (ZQK6810EV8).

The van is specifically designed for airport and tourist operations. The bus, on the other hand, is designed for the urban public transportation industry, coming with a 46 passenger capacity and a driving range of 250km per charge.

“This new sales contract, along with the recent MIIT approval of two of our EV models, laid a solid foundation for us to gain market share in the fast-growing Chinese EV segment,” said CEO Zhengyu Wang.

China presents Tantech Holdings a unique opportunity given the size of country’s auto industry as well as the government crackdown on environmental emission. In a bid to take advantage of the growing demand electric cars, Tantech Holdings Ltd (NASDAQ:TANH) has accelerated its research and development efforts as it looks to stay competitive in the promising EV market.

The Chinese government is currently pushing for environmentally friendly solutions as it seeks to phase out the sale of fossil fuel cars.

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 $NVFY 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.

Tintri Inc. (NASDAQ:TNTR) Hit With Lawsuits After Q2 Revenue Miss

Tintri Inc. (NASDAQ:TNTR)

Shares of Tintri Inc. (NASDAQ:TNTR) fell 16.67% as investors reacted to disappointing second quarter earnings that failed to meet Wall Street expectations. Law firms have since lodged class action lawsuits, arguing that the company provided misleading statements in the run-up to its IPO.

Tintri Inc. (NASDAQ:TNTR)
One month TNTR stock price chart

Investors Reaction

Tintri Inc. (NASDAQ:TNTR)’S sentiments on the street have turned sour ever since it became a public company. Sellers appear to be in full control of the stock as it continues to trade at the lower end of a $2.90 – $3.61 trading range. The stock is currently trading in a downtrend as it continues to hit lower lows.

Given the strength of the selling pressure, the stock could register a new 52-week low after losing more than 40% of its IPO share value. One of the reasons the stock is receiving a lot negative news is its failure to meet second quarter guidance even as revenues grew by double digits.

Tintri Inc. (NASDAQ:TNTR) develops and markets an enterprise cloud platform that combines cloud management software and a range of all-flash storage systems. The platform is designed to provide cloud service providers as well as organizations, capabilities for managing data centers and public cloud services.

The enterprise cloud provider reported revenues of $34.9 million for the second quarter. While revenue was up by 27% year over year, it came in at the lower end of the company’s guidance, a performance seems to have spooked investors fuelling the sell-off wave.

Tintri Inc. Defense

A bid by the CEO, Ken Klein, to try and tout areas where the company performed extremely well in Q2 has done little to revitalize investor’s sentiments on the stock.

“We remain confident in our competitive position and in the strength of our value proposition. In the quarter, we received the largest order in the company’s history and added new enterprise logos. Additionally, we experienced continued momentum in our land-and-expand strategy with more purchases from current customers,” said Mr. Klein.

During the company’s second-quarter earnings conference call, the Chief Executive Officer attributed the lower than expected Q2 revenue to distraction, disruption, and sales attrition during and after the IPO.

Tintri Inc. (NASDAQ:TNTR) stocked plunged 31% to close at $4.55 in the wake of the CEO sentiments, something that law firms argue could not have happened had the company provided accurate statements.

Law firms led by the likes of Khang & Khang LLP and Rosen Law Firm have lodged investigations into whether the company provided misleading statements in the run-up to its public offering.

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 $TNTR 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.

LightPath Technologies, Inc. (NASDAQ:LPTH) Rises as Earnings Beat

LightPath Technologies, Inc. (NASDAQ:LPTH)

Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) appreciated by over 8% last week following the release of the firm’s fourth quarter financial results. The firm registered earnings per share of $0.24 which exceeded expectations by approximately 22%. Total revenues came to $9 million and this exceeded Wall Street’s estimates by approximately $250,000. Compared to a similar quarter one year ago this was an increase of 90.3%.

One month LPTH stock price chart

“LightPath completed fiscal 2017 with very strong fourth quarter financial results. We delivered significant growth in key performance metrics, including revenue, earnings per share, adjusted EBITDA, and cash flow,” said the chief executive officer and president of LightPath Technologies, Inc. (NASDAQ:LPTH), Jim Gaynor.

Improved performance

According to the Chief Executive Officer of LightPath Technologies, Inc. (NASDAQ:LPTH) the impressive results were a result of improved performance in key metrics including cash flow, adjusted EBITDA, earnings per share, and revenue. Total expenses and costs declined by 36% in Q4. In a similar quarter a year ago, total expenses and costs had reduced by 41%.

Operating income increased by 117% to reach a figure of $1.1 million. In the fourth quarter of the 2016 fiscal year, the operating income was $522,000. For the full year operating income reached a figure of $4.2 million compared to a figure of $2 million in the previous fiscal year. Net income on the other hand increased to $6.4 million in Q4 of 2017. Last year’s Q4 reported net income was $331,000. The entire 2017 fiscal year’s net income was $7.7 million while last year’s was $1.4 million.

Adjusted net income

Adjusted net income also rose to $6.2 million in Q4 of this fiscal year compared to a figure of $359,000 which was recorded in the last fiscal year. LightPath Technologies, Inc. (NASDAQ:LPTH) also recorded income resulting from foreign currency exchange fluctuations. Changes in the exchange rates of the Euro and the Chinese Yuan led to an income of $333,000 and this had an impact of $0.01 on the diluted and basic earnings per share.

EBITDA improved by 243% to reach a figure of $2.3 million. In a similar quarter during the previous fiscal year EBITDA stood at $646,000. For the entire year EBITDA was $5.9 million compared to the $2.5 million recorded in 2016. In Q4 total bookings also increased by 21% compared to Q4 of the 2017 fiscal year. When compared to a similar quarter 12 months ago, the increase in total bookings was 66%.

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: 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.

Tremor Video Inc. (NYSE:TRMR) Rebrands To Telaria Inc.

Tremor Video Inc. (NYSE:TRMR)

Tremor Video Inc. (NYSE:TRMR) shares rose 2.30% after the video software monetization company announced plans to change its name to Telaria Inc. as part of a rebranding strategy.  In addition to the name change, the company also released a new corporate logo and brand platform as part of the updated strategy.

Tremor Video Rebranding

The proposed changes are geared towards transforming Tremor Video Inc. (NYSE:TRMR) into a fully programmatic software platform for premium video partners. Telaria will also position itself to be a data-enriched platform that is able to monetize and manage video inventory with the speed, control, and transparency.

Tremor Video will trade under ticker name Tremor Video Inc (NYSE:TRMR) until market close on September 25, 2017, after which the company is to trade under the name Telaria Inc. and ticker symbol TLRA.

Investors reacted positively to the proposed rebranding by sending the stock to an all-time high for the year. The stock is currently trading close to its 52-week high of $4.10 a share as it continues to trade in a strong uptrend that began last month. Tremor Video Inc (NYSE:TRMR) is up by more than 50% for the year after over performing the overall industry.

According to the chief marketing officer, Jennifer Catto, the rebranding push underscores Tremor Video dynamism and leadership role in the video industry. According to the executive, the name change supports a belief that advertising technology needs to be fast and frictionless to attract clients.

“With our platform’s unparalleled speed, diagnostic capabilities, and complete pricing transparency, our publisher clients have never been better positioned to unlock the full value of their video content,” said CEO, Mark Zagorski.

Trade Desk Rebranding

The rebranding push comes after Tremor Video Inc (NYSE:TRMR) announced deeper integration with Trade Desk Inc. The integration will result in the company offering curated access to premium programmatic Connected Television (CTV) and Over The Top (OTT) advertising inventory. Dish, Sling, and Bloomberg Media have already made some of their premium inventory available.

Changing consumer habits continue to drive rapid growth on CTV and OTT, presenting opportunities that Tremor Video plans to take advantage of. According to research firm eMarketer, CTV users increased 20.6% last year to account for 56% of U.S population. The finding is a testament that more people are watching digital video on connected TVs.

“We are excited to work with The Trade Desk to help advertisers understand the value of CTV, and how to reach the 18-34-year-old audience that is leading the shift from traditional TV to IP enabled programming,” said Katie Evans, COO of Tremor Video Inc (NYSE:TRMR).

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 $TRMR 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.

Tintri Inc (NASDAQ:TNTR) Pays Price for Disappointing Q2 Results

Tintri Inc (NASDAQ:TNTR)

Tintri Inc (NASDAQ:TNTR) felt the wrath of Wall Street after reporting second quarter earnings that fell short of expectations. The stock shed 31.89% in value as investors questioned the company’s growth metrics on revenues coming at the low end of expectations.

Tintri Stock Performance

Tintri Inc (NASDAQ:TNTR)
One month TNTR stock price chart

Last week’s sell off brought to an end a bullish momentum that began last month. The stock of Tintri Inc (NASDAQ:TNTR) gapped lower from the $6.80 per share trading range to record a new 52-week low of $4.20 a share. Changing investor’s sentiments comes months after the cloud company made its debut in the stock market with an opening price of $7.12 a share, reaching highs of $7.75 a share.

The recent sell-off has already triggered a wave of class action lawsuits. Law firm Johnson Fistel, LLP is questioning whether the management provided misleading statements about the company’s business and prospects.

Chief Executive Officer, Ken Klein has sought to dispel the concerns by touting the value proposition offered by Tintri Inc (NASDAQ:TNTR) as well as cash flow improvements. According to the executive, the fact that the company received its largest order in the quarter is a further testament to the firm’s robust growth.

“While the company’s revenue came in at the low end of our expectations, we delivered stronger than projected profitability and cash flow improvements. We remain confident in our competitive position and in the strength of our value proposition. In the quarter we received the largest order in the company’s history and added new enterprise logos,” said Mr. Klein.

Q2 Earnings Report

Tintri Inc (NASDAQ:TNTR) reported revenues of $4.9 million representing a 27% year over year growth. Net loss attributable to shareholder shrunk to (-$2.50) per share from (-$7.53) per share reported last year. The company exited the quarter with cash and cash equivalent of $80.6 million compared to $48 million as of January 31, 2017.

For the third quarter, Tintri Inc (NASDAQ:TNTR) expects revenues of between $36 million and $37 million. Non-GAAP net loss on the other and should range between (-$0.77) and (-$0.81) a share.

The launch of a new all-flash platform Tintri EC6000 according to Mr. Klein is one of the things to look out for in the second half of the year. The cloud Connector which is already integrated to Amazon Web Services and IBM Cloud Object Storage should enhance Tintri’s competitive edge in the cloud enterprise business. The company has also announced the integration of the connector with Cisco Systems, Inc. (NASDAQ:CSCO) UCS Director.

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 $TNTR 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.