Breaks Categories: News

MondayApr 03, 2017 1:37 pm

NetworkNewsBreaks – MTBC (NASDAQ: MTBC) Launches Accountable Care Organization Analytics Module

MTBC (NASDAQ: MTBC) this morning announced the launch of its most recent addition to its business intelligence and analytics platform, the accountable care organization (ACO) analytics module. This launch marks MTBC's continued growth into larger groups and new practice settings. The company's clinical and practice management solutions are currently leveraged by thousands of healthcare practices throughout the country. "We remain committed to providing healthcare organizations with the tools they need to optimize health outcomes and achieve better financial results, and this most recent addition to our ecosystem of business intelligence and analytics tools is another example of our commitment in…

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MondayApr 03, 2017 11:50 am

NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Reports FY2016 Financial Results

Mobile payment technology company Net Element, Inc. (NASDAQ: NETE) recently issued a news release reporting its financial results for the fiscal year ended December 31, 2016. Among the highlights, Net Element’s total U.S. dollar volume processed for the 12-month period was up roughly 40 percent year-over-year to $2.45 billion. Likewise, the company’s revenue total of $54.3 million marked an increase of 35 percent from the previous year. “I am pleased to say that 2016 was a successful year for Net Element,” Oleg Firer, CEO of Net Element, stated in the news release. “Our achievements provided growth, and positioned us for…

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MondayApr 03, 2017 10:43 am

NetworkNewsBreaks – DryShips Inc. (NASDAQ: DRYS) Shares Fall on Common Stock Purchase Agreement With Kalani Investments, Acquisition of Six Vessels

DryShips (NASDAQ: DRYS) shares are down 16% this morning following word the company will sell up to $226.4 million of its common stock to Kalani Investments Ltd. over a period of 24 months. In consideration for entering into the agreement, the company has agreed to issue up to $1.5 million of its common stock to Kalani as a commitment fee. Proceeds from any sales of common stock will be used for general corporate purposes. DryShips also entered into agreements to acquire six vessels for a total gross price of $268 million. These vessels are comprised of one Aframax tanker, three…

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MondayApr 03, 2017 10:41 am

NetworkNewsBreaks – eXp World Holdings, Inc. (EXPI) Reports 137% Revenue Growth for Full Year 2016

eXp World Holdings, Inc. (OTCQB: EXPI), holding company for the Agent-Owned Cloud Brokerage®, this morning reported its financial results for the fourth quarter and full year ended December 31, 2016. Among the highlights, the company recorded a 137 percent year-over-year increase in revenues for the 12-month period, as well as a 397 percent increase in adjusted EBITDA to $1.6 million. EXPI found similar success in promoting the growth of eXp Realty, achieving a 178 percent increase in the number of agent and brokers on the platform during 2016. On March 15, 2017, eXp Realty’s total number of agents and brokers…

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FridayMar 31, 2017 11:46 am

NetworkNewsBreaks – Medical Transcription Billing, Corp. (NASDAQ: MTBC) Releases Financial Results for Full Year, Fourth Quarter of 2016

Health care information technology company Medical Transcription Billing, Corp. (NASDAQ: MTBC; MTBCP) this morning reported its financial results for both the full year and fourth quarter of 2016. Among the highlights, the company reported revenue of $8.8 million for the three-month period, representing a hefty year-over-year increase of 65 percent. “We are pleased to announce 65% revenue growth over the fourth quarter of 2015 as well as 65% growth over the third quarter of 2016, and our third consecutive quarter of quarter-over-quarter revenue growth,” Mahmud Haq, chairman and CEO of MTBC, stated in the news release. “We are greatly encouraged…

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ThursdayMar 30, 2017 11:13 am

NetworkNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Invests in Breakwater MB, LLC

Market analysis company ChineseInvestors.com, Inc. (OTCQB: CIIX) this morning announced its investment in Breakwater MB, LLC, a cannabis-focused investment and consulting company formed by CIIX board member and former CFO Paul Dickman. CIIX’s initial investment into Breakwater MB will total $250,000, with the company maintaining an option to make additional investments at its own election. Per the news release, Breakwater MB intends to use the invested capital primarily to cover the costs of becoming a publicly traded company. CIIX management expects that this strategy will provide significant investment appreciate and opportunity for liquidity. “With the gradual opening up of the…

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MondayMar 27, 2017 11:20 am

NetworkNewsBreaks – DryShips, Inc. (NASDAQ: DRYS) Acquires Four Modern Newcastlemax Vessels

DryShips (NASDAQ: DRYS) this morning said that it has entered into agreements with unaffiliated third parties to acquire four modern Newcastlemax bulk carriers of approximately 206,000 DWT and with an average age of 3.0 years. Two of the vessels will be employed under time charter contracts, while the other two will trade in the spot market. DryShips will finance the total gross purchase price of approximately $124 million using cash on hand, and it expects to take delivery of the vessels before the end of June 2017. "We are very pleased to have increased the size of our drybulk fleet by…

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MondayMar 27, 2017 11:19 am

NetworkNewsBreaks – Foamix Pharmaceuticals (NASDAQ: FOMX) Shares Sink on Report of Topline Results from Phase 3 Trials for FMX101

Shares of Foamix Pharmaceuticals (NASDAQ: FOMX) dove 50% this morning following the company’s report of topline results from its two phase 3 clinical trials investigating FMX101 (Trial 04 and Trial 05) in patients with moderate-to-severe acne. The two co-primary endpoints were the absolute change in the number of inflammatory lesions (papules and pustules); and the proportion of patients achieving success at week 12, as defined by an Investigator's Global Assessment (IGA) score of "clear" or "almost clear" and at least a two-grade improvement from baseline at week 12. FMX101 did not demonstrate statistical significance of IGA success in Trial 04.…

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MondayMar 27, 2017 9:38 am

NetworkNewsBreaks – eXp World Holdings, Inc. (EXPI) Scheduled to Present at The MicroCap Conference on April 4

eXp World Holdings, Inc. (OTCQB: EXPI), holding company for the Agent-Owned Cloud Brokerage®, this morning announced that its management team will be attending The MicroCap Conference in New York on Tuesday, April 4, 2017. The company is scheduled to present at 9:30 a.m. ET at the JW Marriott Essex House New York, which is located adjacent to Central Park in Manhattan. The EXPI team will also host one-on-one meetings with prospective investors throughout the day. A webcast of the company’s presentation will be made available at http://wsw.com/webcast/microcapconf3/expi for those who are unable to attend the event. For more information about…

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FridayMar 24, 2017 11:25 am

NetworkNewsBreaks – R-Three Technologies, Inc. (RRRT) Suspends Operations; Triggers Sell-off

R-Three Technologies (OTC: RRRT) shares are down more than 80% mid-morning after the company announced the temporary suspension of its operations. The suspension is pending funding, in either debt or equity financing, to implement the company's business plan. The business plan is to produce a variety of products, such as interlocking asphalt bricks, using recycled asphalt shingles. "The company is attempting to secure a minimum of $200,000 in debt or equity financing. If we secure such level of funding, the Company will be in a position to continue to lay the foundation to implement our business plan. An additional $800,000…

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