Euroseas Ltd. (NASDAQ:ESEA) Q1 Net Loss Narrows On Recovering Dry-bulk Market

Euroseas Ltd. (NASDAQ:ESEA)

Recovering Drybulk and containership markets led to increased revenues and better than expected first quarter results for Euroseas Ltd. (NASDAQ:ESEA). Strengthening world economic growth has already reinvigorated hope that the sector’s recovery is back on track which should lead to further improvement going forward.

Improving Fundamentals

Chief Executive officer, Aristides Pittas remains confident that their fleet should be able to take full advantage of the sector’s rebound going forward.

“In addition to the improving market prospects, our strengthened balance sheet, as a result of raising funds via both private placements and our at-the-market offering, has given us the confidence to continue the construction of our second Kamsarmax vessel due to be delivered by June 2018 as we announced last month,” said Mr. Pittas.

Euroseas Ltd. (NASDAQ:ESEA) has also reaffirmed its commitment to looking for new opportunities with the potential of bolstering the current fleet. Last year, the company acquired a new vessel and is now planning to explore similar opportunities with a view to generating more shareholder value.

Q1 Earnings

Euroseas Ltd. (NASDAQ:ESEA) revenue in the quarter totaled $8.3 million representing a 26.6% increase from $6.5 million reported in Q1 OF 2016.  Operating expenses were up by $0.5 million as compared to last year, due to an increase in vessels under operation.

Net loss attributed to shareholders shrunk to $2.6 million compared to a net loss of $3.3 million as of the same period last year. On average the company operated 13.38 vessels in the quarter with a time charter equivalent rate of $7,313 a day compared to 11.54 vessels for the same period last year.

Corporate Highlights

During the quarter the dry-bulk carrier signed an addendum with Jiangsu Yangzijiang for the construction of a new vessel as part of a 2014 contract. The new agreement consequently reduced construction costs by 10% to $22.5 million. The vessel under development is has a fuel efficient design that will have a carrying capacity of 82,000dwt, It is slated for delivery in 2018.

Separately, Mr. George Skarvelis has parted ways with the company for personal reasons having been a director since 2005.

Euroseas Ltd. (NASDAQ:ESEA) was down by 9.59% in Friday trading session ending the week at lows of $1.14 a share.

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.

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

Gastar Exploration Inc (NYSEMKT:GST) Announces Net Loss of $22.3 Million In First Quarter 2017 Results

Gastar Exploration Inc (NYSEMKT:GST)

Gastar Exploration Inc (NYSEMKT:GST) has announced its financial results for the first quarter of 2017. The company’s loss amounted to $22.3 million or $0.93 per share in Q1 of 2017. Non-GAAP net loss amounted to $9.6 million or $0.06 per share in Q1 of 2017.

Gastar Exploration Inc (NYSEMKT:GST) reported adjusted EBITDA of $10.6 million in Q1 of 2017 compared to $10.7 million and $10.6 million in adjusted EBITDA that was reported in Q1 and Q4 of the 2016 financial year respectively. The company’s Q1 2017 total revenue was $18.7 million. This represents a 26% increase from the $14.8 million that the company reported in Q1 of 2016 and 2% increase from the $18.3 million that was reported in Q4 of the 2016 financial year.

The company’s Q1 2017 revenue from oil, natural gas, and condensate was $17.4 million, representing a 20% increase from the $14.5 million that was reported in the first quarter of 2016 and 1% increase from the Q1 2016 $17.2 million. The increase in revenue from oil, natural gas, and condensate was due to the 182% increase in pricing of related products. The increase in Q4 revenue was as a result of 8% increase in pricing of equivalent products offset by a 6% decrease in production volumes of equivalent products.

Gastar Exploration Inc (NYSEMKT:GST)’s commodity hedges were in place for around 67% of condensate and oil production, 25% of NGLs production, and 56% of natural gas production in Q1 of 2017. The company reported $1.9 million increase in revenue from commodity contracts that were settled in Q1 of 2017. This is compared to an increase of $6.8 million in revenue due to commodity contracts in Q1 of 2016.

The company reported an average daily Mid-Continent production of 5,700 barrels of oil in Q1 of 2017 compared to 6,100 Boe/d that was reported during the same period the previous financial year. The company 5,900 Boe/d in Q4 of the 2016 financial year. Gastar Exploration Inc (NYSEMKT:GST) reported a 7% decrease in Q1 2017 average daily production in the Mid-Continent area compared to Q1 if 2016. Q1 Mid-Continent production comprised of around 28% natural gas and 23% NGLs and 49% oil. The company’s Mid-Continent, condensate, oil, and NGLs represented 72% of Q1 2017’s total production volume compared to 71% in Q1 of 2016.

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.

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

Learning Tree International, Inc. (OTCMKTS:LTRE) Reports Q2 Financial Results

Learning Tree International, Inc. (OTCMKTS:LTRE)

Learning Tree International, Inc. (OTCMKTS:LTRE) was established in 1974. The company specializes in IT and management training, on a global scale, to businesses and governments. Learning Tree can count over 2.4 million professionals among its participants. Their more popular course offerings include data and security, computer networking, application operating systems, and development, and business management. Today the company released their Q2 2017 financial results.

For Q2 2017, Learning Tree International, Inc. (OTCMKTS:LTRE) posted reported revenues of $16.1 million – down from Q2 2016 when the company reported $18.7 million. Operational loss was (-$2.1) million compared to (-$5.2) million in Q2 2016. The company had a net loss of (-$2.3) million, or (-$0.18) per share compared to Q2 2016’s figures of (-$5.4) million or (-$0.41) per share.

The 14.0% decline in revenues for Learning Tree International, Inc. (OTCMKTS:LTRE) Q2 2017 was offset by a lower cost of revenues figure of 23.9% which resulted in an increase in gross profits of 6.8% from last quarter. Total operating expenses excluding the restructuring charge decreased 27.9% quarter over quarter, from $11.3 million to $8.1 million.

The liquidity and working capital needs for Learning Tree International, Inc. (OTCMKTS:LTRE were usually funded through their cash and cash equivalents. For Q2 2017, Learning Tree’s capital resources consisted of cash and cash equivalents of $5.3 million. They have the ability to access a financing and security agreement that has been put in place with Action Capital Corporation that provides the company with the ability to borrow a maximum aggregate amount of $3.0 million. However, the company notes, they have not had to avail themselves to the funds.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance

Celsius Holdings, Inc. (OTCMKTS:CELH) Reports Q1 Financials

Celsius Holdings, Inc. (OTCMKTS:CELH)

Celsius Holdings, Inc. (OTCMKTS:CELH), headquartered in Boca Raton, FL, has developed and commercialized fitness drinks under the Celsius brand. Sweetened with Sucralose, the drink targets consumers who wish to limit their sugar intake. Today, Celsius Holdings, Inc. (OTCMKTS:CELH) filed their Q1 2017 financial report and released it to the public.

Revenues increased over 63%, to $6.0 million, overQ1 2016. Domestic revenues increased 81% and international revenues increased 18% from the same period one year ago. One year ago gross profit was reported at $1.5 million and that figure jumped to $2.4 million for this quarter. Non-GAPPP EBITDA was a loss of (-$322,000) which included HR considerations of $490,000 for the CEO’s retirement and transition expenses. Net loss to common shareholders was (-$2.0) million which was larger than the (-$1.3) million for the comparable quarter a year ago. Celsius Holdings, Inc. (OTCMKTS:CELH) shareholders lost (-$0.05) per share. Celsius Holdings, Inc. (OTCMKTS:CELH) reported cash on-hand of $20.9 million.

This week, Celsius Holdings, Inc. (OTCMKTS:CELH) announced the launch of a new brand – HEAT. The HEAT beverage line was developed for use by athletes undergoing intense physical training. Interestingly, the company claims that their proprietary formulas have been studied in six clinical trials and published in six peer-reviewed journals.

Celsius Holdings, Inc. (OTCMKTS:CELH) has some impressive investors behind the brand including Kimora Lee Simmons, Russel Simmons, and Horizons Ventures.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance

Q1 Results and Downgrade Plague Rocket Fuel Inc (NASDAQ:FUEL)

Rocket Fuel Inc (NASDAQ:FUEL)

Rocket Fuel Inc (NASDAQ:FUEL) shares were trading above $5.00 earlier this week but a disappointing Q1 financial report and a downgrade by analysts at Credit Suisse from “Outperform” to “Neutral” has sent FUEL shares trading below $3.50 for much of the past two days. Rocket Fuel Inc (NASDAQ:FUEL) is a digital advertising company with operations in the USA and Europe. The reversal of FUEL shares is striking. FUEL shares were trading around $1.75 at the beginning of 2017 and by April were trading above $5.50 before pulling back below $4.50 but my early May shares were back to the $5.50 area.

On May 9, 2017 Rocket Fuel Inc (NASDAQ:FUEL) released their Q1 2017 financial statement and the rsults were below estimates that had already factored in a decline in performance. Non-GAAP was down 24% compared to last quarter – $3 million below analyst expectations. The GAAP net loss was (-$22.5) million or (-$0.49) per share. Rocket Fuel Inc (NASDAQ:FUEL) had previously warned that Q1 figures would exhibit weakness and slashed payroll to help soften the blow – reducing the workforce from 917 to 751. That guidance had already sent shares tumbling in February but they quickly recovered and continued their ascent.

Rocket Fuel Inc (NASDAQ:FUEL) leverages artificial intelligence (AI) and big data. Their proprietary approach is called Moment Scoring™. It is designed to result in a more efficient use of marketing dollars. The company claims that its marketing platform learns to predict what marketing actions to take with a particular person in a particular moment of time.

Yesterday, Rocket Fuel Inc (NASDAQ:FUEL) announced the launch of a platform to deal with malvertising – an issue that Rocket Fuel CEO says is a huge problem for the digital advertising industry. Rocket Fuel’s system applies artificial intelligence, big data, blacklists, and multiple anti-malware tactics to heavily scrutinize ads. By leveraging Google Cloud Vision API, Rocket Fuel can further identify and prevent for advertisers a substantial number of ads that fail to render or click-through correctly, as well as protect consumers against malicious intent. This approach is designed to produce significant savings for brands and agencies, allowing them to provide a better consumer experience.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.

Highpower International Inc (NASDAQ:HPJ) Reports Unaudited Q1 2017 Financial Results

Highpower International Inc (NASDAQ:HPJ)

Highpower International Inc (NASDAQ:HPJ) has announced its financial results for Q1 of the 2017 financial year. Highpower International is engaged in the development, production and marketing of nickel-metal hydride (Ni-MH) and lithium ion rechargeable batteries and battery management systems. The company is also engaged in the provision battery recycling services.

Highpower International Chairman and CEO Mr. George Pan, while commenting on the results, said the company once again delivered impressive results during the quarter. He added that the company performed exceptionally well in its lithium ion batteries business. He attributes this to an increase in demand for smart wearable devices, energy storage systems, as well as other digital devices. Pan added that the company will increase its investment in critical areas so as to capture available market opportunities.

The company reported $41.9 million in net sales representing a 43.9% increase from the $29.1 million that was reported the Q1 of the previous financial year. During the Q1 of fiscal 2017, the company reported a 23.7% increase in gross margin from the 20.2% reported in the previous financial year. The company’s net loss in Q1 of 2017 amounted to $2.5 million or $0.17 per share. The company reported a net loss of $0.3 million or $0.02 per during Q1 of the previous financial year.

The company’s gross profits in Q1 of fiscal 2017 amounted to $9.9 million, representing a 69.0% from the $5.9 that was reported in the same period the previous financial year. The increase is attributed to improved mix of products as well as improvement in the company’s labor efficiency.

The company reported $1.8 million in research and development expenses in Q1 of fiscal 2017 compared to $1.6 million reported during the same period the previous financial year. Research and development expenses represented 4.3% of the company’s net sales compared to the 5.6% of the net sales reported during the same period the previous financial year.

The company reported $1.6 million in selling and distribution expenses in Q1 of 2017 compared to $1.5 million in Q1 of 2016. This represents 3.9% of the reported net sales compared to Q1 when selling and distribution expenses amounted to 5.3% of the reported net sales.

In Q1 of 2017, the company reported $3.1 million in general and administrative expenses. This represents 7.3% of the reported net sales compared to the previous financial year when general and administrative expenses amounted to 10.5% of the reported net sales.

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.

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

rVue Holdings Inc (OTCMKTS:RVUE) in Default and Shareholders Likely Wiped Out

rVue Holdings Inc (OTCMKTS:RVUE)

Chicago, IL-based rVue Holdings Inc (OTCMKTS:RVUE) has received notices of default and a demand for payment from Roche Enterprises, Ltd., formerly known as Acorn Composite Corp., the company’s majority shareholder and an affiliate of director Robert Roche. Three notes are in default. The first note matured on December 1, 2017. It was short-term bridge financing in the form of a Senior Secured Convertible Promissory Note for $201,000 as the rVue sought additional financing. The company’s obligations under Roche Note 1 are secured by a pledge of all of the rVue’s assets. Note 2 was a Senior Secured Convertible Promissory Note, maturing on April 30, 2017, for $80,000 as the Company sought additional financing. The Company’s obligations under Roche Note 2 are secured by a pledge of all of the Company’s assets. Note 3 is also a Secured Promissory Note and Security Agreement and is in the principal amount of $135,000.

On May 3, 2017, rVue Holdings Inc (OTCMKTS:RVUE) received a notice of default and demand for payment from Roche Enterprises, (a) stating that the Company was in default under the Roche Loans, and (b) demanding payment in full of the Roche Loans, with a total amount due to Roche Enterprises of $460,558.73.

Roche Enterprises intends to conduct a public UCC sale of the assets of rVue Holdings Inc (OTCMKTS:RVUE), on or about May 31, 2017, after first publishing notice thereof in appropriate trade publications, and that at that sale, Roche Enterprises intends to bid the entire amount of the Secured Debt for such assets. If there is no higher bidder, then Roche Enterprises would obtain title to the assets of rVue Holdings Inc (OTCMKTS:RVUE) in return for cancellation of the Secured Debt, and there would be no remaining proceeds for distribution to the Company’s shareholders.

According to the press release “…the Board believes it unlikely that the Company [rVue] has any viable means to stop the foreclosure sale, in which all remaining shareholder value is likely to be lost.”

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.

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.

Eastern World Solutions Inc (OTCMKTS:BANJ) Successfully Changes Business Model

Eastern World Solutions Inc (OTCMKTS:BANJ)

Eastern World Solutions Inc (OTCMKTS:BANJ) trades under the clothing brand Banjo & Matilda. The company has built a luxury, global lifestyle brand that, they claim, offers the public products at a non-luxury price. Banjo & Matilda specializes in designing clothing lines using cashmere wool for the modern, busy woman.

Today, Eastern World Solutions Inc (OTCMKTS:BANJ) released an announcement addressing the company’s future. Per a strategic review of the company’s operating performance and market trends, the Board and Management of Eastern World Solutions Inc (OTCMKTS:BANJ) have jettisoned the traditional wholesale business and developed a more efficient, and higher margin, e-commerce business model that goes direct to the consumer. According to the press release, the new model has already proved to be significantly more profitable. Additionally, Eastern World Solutions Inc (OTCMKTS:BANJ) boasts of a unique competitive advantage – it provides a comparable product to traditional luxury brands at less than half the price. Traditional brands, which operate with expensive legacy wholesale-business models, cannot achieve comparable and competitive price points due to pricing restrictions caused by the retailer’s required mark-up.

Eastern World Solutions Inc (OTCMKTS:BANJ) is able to provide numbers to back up their claims of improved efficiencies and margins. They admit a reduction in sales howver that is more than made up by a 60%+ increase in gross margins. Banjo & Matilda also enjoy many metrics that rank in the top 5% of e-commerce specialty retailers who follow the “Digital Vertical Brand” model.

  • $678 Customer lifetime value (CLV)
  • $321 Average order value (AOV)
  • 48% Repeat purchase rate
  • $43 Customer acquisition cost (CAC)
  • 75% Customer satisfaction Net Promoter Score (NPS)

Eastern World Solutions Inc (OTCMKTS:BANJ has been focused on completing the transformation to a digitally centric vertical brand. The company points to other recent examples of digital vertical brand success stories including Bonobos, Everlane, DSTLD, AllBirds and others. The company believes that following the model of capital injection to secure the model’s success will lead to a brand that has rapid growth and profitability.

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.

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.

Terra Tech Corp (OTCMKTS:TRTC) Announcing Earnings Tomorrow Before Mkt Open

Terra Tech Corp (OTCMKTS:TRTC)

Terra Tech Corp (OTCMKTS:TRTC), headquartered in Irvine, CA, will be announcing their Q1 2017 financial results before the markets open tomorrow. The company will also host a conference call tomorrow at 9AM EST. Interested parties may dial in on 1-857-232-0157.

Terra Tech Corp (OTCMKTS:TRTC) utilizes multiple subsidiaries to grow its vertically integrated cannabis-focused company. Terra Tech controls the product from the growth of the plants, through processing, and placing it on the store shelves – sometimes even the store is a subsidiary operation.

Terra Tech Corp (OTCMKTS:TRTC) subsidiary’s include Blüm, IVXX Inc., Edible Garden, MediFarm LLC, and GrowOp Technology. Blüm provides medical cannabis oriented products for alternative medical treatments. They provide their products through their Oakland, CA store and multiple Nevada locations. In California, IVXX, Inc. provides regulated cannabis offerings through medical cannabis dispensaries. Edible Garden is a wholly owned subsidiary that grows and harvests sustainable, hydroponically grown produce and sells it through such mainstream stores such as WalMart, Krogers, and Meijer. MediFarm LLC is focused on medical cannabis permitting and cultivation in the state of Nevada. GRowOp Technology is a cutting-edge company developing controlled environment agricultural technologies with applications across many industries.

For FY2015, Terra Tech Corp (OTCMKTS:TRTC) had revenues of almost $10 million. By the end of FY2016, those revenues grew to over $25.3 million. From FY 2015 to FY2016, gross profit more than doubled. The net loss for FY 2015 was over $9.3 million and that grew to a net loss of $26.9 million in FY2016. The net loss attributable to shareholders in FY2015 was (-$0.04) and that figure expanded to (-$0.07) for FY2016. Terra Tech Corp (OTCMKTS:TRTC) lists Total Assets at $76.178 million – up from just $9.16 million in FY2015. However Total Liabilities grew from $2.8 million in FY2015 to over $24 million in FY2016.

Terra Tech Corp (OTCMKTS:TRTC) is trading almost double its 52-week lows but is well off its annual highs of close to $0.50.

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.

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.

Investors Buying Atlas Technology International Inc (OTCMKTS:ATLT) Ahead of Earnings

Atlas Technology International Inc (OTCMKTS:ATLT)

Atlas Technology International Inc (OTCMKTS:ATLT) are up 15% on volumes around 30 times their 30-day daily average. ATLT closed yesterday at $1.00 and is currently sitting on its inter-day highs of $1.15. The market was likely motivated into action by today’s guidance which was provided in a press release earlier. Atlas Technology International Inc (OTCMKTS:ATLT) experience in the touchscreen business dates back to the foundation of the industry.

Sherman Oaks, CA-based Atlas Technology International Inc (OTCMKTS:ATLT) today announced that it expects to exceed its previously announced revenues guidance for its third quarter and nine-month period ended March 31, 2017 when it announces its financial results for the period on Monday, May 15, 2017. Atlas Technology International Inc (OTCMKTS:ATLT) noted that its ability to exceed its previously announced revenue guidance is due to a number of growth drivers, primarily increasing demand for the company’s proprietary touch screen technologies, the addition of a number of new and geographically diverse blue-chip clients as well as the continued overall growth of the global touch screen industry. All of these factors, as well as a number of new significant developments and milestones which will be announced on Monday, are expected to accelerate the company’s revenue and earnings growth for the remainder of 2017.

At the end of 2016, Atlas Technology International Inc (OTCMKTS:ATLT) listed total assets, unaudited, of $1.045 million and total liabilities of $1.038 million. Revenues came in at $769,821 and net income was $4,366.

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.

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.