NetworkNewsBreaks Archive - Page 2067 of 2140

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…

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…

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…

FridayMar 31, 2017 12:56 pm

NetworkNewsBreaks – Top 10 Mid-day Percentage Gainers on March 31, 2017

Here is a list of stocks shaking up the markets today, with particular focus on NASDAQ and OTC small caps. The top gainers based on percentage: CIDM 20.59% – News: Plans to expand OTT platform in 2017 SORL 16.26% – News: Posts Q4, FY 2016 results JAGX 15.79% – News: Enters definitive merger agreement with Napo Pharmaceuticals, Inc. KPAY 10.37% – News: Launches a "No Administration Fee" campaign for Perusahaan Listrik Negara BRFH 9.72% – News: Provides business update VTSI 8.50% – News: Posts Q4, FY 2016 results HDYN 8.02% – News: Executes FOA with SAPETRO TURN 8.02% – News:…

FridayMar 31, 2017 12:56 pm

NetworkNewsBreaks – SeeThruEquity Issues Coverage Update, Raises PT to $1.50 on Generation Next Franchise Brands, Inc. (VEND)

SeeThruEquity recently issued an update on Generation Next Franchise Brands (OTCQB: VEND) and raised the price target on shares of the company’s stock to $1.50. The company recently entered into the frozen yogurt market through its three newly-formed subsidiaries: Reis and Irvy's Inc., 19 Degrees, Inc., and Generation Next Vending Robots, Inc. SeeThruEquity noted that the company appears to be gaining traction in the market and attributes the positive positioning to the company’s backlog of deferred revenue related to Froyo Robot bookings, franchise agreements, and an added revenue stream from royalties. The analyst also cited the company’s strengthened intellectual property…

FridayMar 31, 2017 12:52 pm

NetworkNewsBreaks – SeeThruEquity Issues Update and PT of $10.50 on IEG Holdings Corp. (IEGH)

SeeThruEquity recently issued an update and a price target of $10.50 on shares of IEG Holdings (OTCQX: IEGH). The company reported record revenues of $2.1 million for the full year 2016, a year-over-year increase of 16.3% driven by strong loan volume growth. The SeeThruEquity analyst cited the key factors driving loan growth, including low acquisition costs and continued expansion of state licenses. IEG has outlined a target of expanding to 25 states and covering 75% of the population in 2017. For more information, visit www.investmentevolution.com About IEG Holdings Corporation IEG Holdings Corporation provides online unsecured consumer loans under the brand…

FridayMar 31, 2017 12:50 pm

NetworkNewsBreaks – SeeThruEquity Issues Update on Nephros, Inc. (NEPH), PT Steady at $1.65

SeeThruEquity recently updated its coverage and price target of $1.65 on Nephros (OTCQB: NEPH) common stock. In its financial results for the three months and full-year ended December 31, 2016, Nephros reported full-year revenue growth of 19% to $2.3 million, among other financial highlights of the year. Product updates include receiving 510(k) clearance for new 10" filters for HydraGuard™ for infection control and EndoPur™ for hemodialysis. The company plans to launch the product in the second quarter of 2017. Nephros said it expects to grow product revenues by 100% in 2017 and set a goal of reaching cash flow breakeven…

FridayMar 31, 2017 12:47 pm

NetworkNewsBreaks – ROTH Capital Partners To Host 4th Annual ROTH China Solar Tour in Conjunction with SNEC Power Expo in Shanghai

ROTH Capital Partners is hosting its 4th Annual China Solar Tour in Shanghai on April 18-21, 2017. The invitation-only event will be held in conjunction with the SNEC Power Expo, one of the largest annual solar conferences in the world. The event will be hosted by ROTH’s Philip Shen, senior research analyst, Cleantech, and will provide an opportunity for solar power industry executives, policymakers and key institutional investors to meet and exchange ideas about issues and trends in the solar and cleantech industry. “Innovation and growth continue to fuel the global solar industry, and China is a key centerpiece of…

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…

FridayMar 31, 2017 11:18 am

NetworkNewsBreaks – DarioHealth Corp. (NASDAQ: DRIO) Prices $4.5M Public Offering; Shares Drop

Shares of DarioHealth (NASDAQ: DRIO) dropped 22% in morning trade after the company released the pricing of an underwritten public offering of 1,450,000 shares of its common stock at a public offering price of $3.10 per share. Gross proceeds from the offering, before deducting underwriting discounts and commissions and other estimated offering expenses, are expected to be approximately $4.5 million. Dario intends to use the net proceeds toward commercialization efforts of its products and for general working capital purposes. Subject to customary closing conditions, the offering is expected to close on April 5, 2017. To view the full press release,…

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