NetworkNewsBreaks

TuesdayMay 16, 2017 12:14 pm

NetworkNewsBreaks – ChinaNet Online Holdings (NASDAQ: CNET) Trims Net Loss, Increases Revenues in Q1 2017

ChinaNet Online Holdings (NASDAQ: CNET) this morning reported a 43.6% YoY increase in first-quarter revenues, sending shares 12% higher in mid-morning trade. For the three months ended March 31, 2017, total revenues increased to $7.3 million from $5.1 million in the prior year. The increase is primarily due to sales of the company’s search engine marketing, which increased 252.1% to $5.0 million. Alternatively, revenues from Internet advertising and data services were $2.3 million, a decrease of 36.8% from $3.6 million in the first quarter of 2016. Gross profit for the first quarter of 2017 was $1.3 million compared to $1.6…

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TuesdayMay 16, 2017 10:37 am

NetworkNewsBreaks – India Globalization Capital, Inc. (NYSE: IGC) Adds Craig Cheifetz, M.D. to Advisory Team

India Globalization Capital, Inc. (NYSE MKT: IGC), a developer of cannabis-based therapies to treat a variety of life-altering conditions, this morning announced that Craig Cheifetz, M.D. has joined the company as an advisor to provide guidance on clinical trials, biotechnology, neuroscience, immunology and microbiology. “I welcome Dr. Cheifetz to the IGC advisory team and look forward to his contributions as we move forward in developing cannabis-based, combination therapies,” Ram Mukunda, CEO of IGC, stated in the news release. “We remain committed to accelerating our initiatives and building a robust portfolio of compounds to address large market conditions.” Cheifetz currently serves…

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TuesdayMay 16, 2017 9:04 am

NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Records 20% YOY Revenue Growth in First Quarter of 2017

Mobile payment technology company Net Element, Inc. (NASDAQ: NETE), in a news release issued late Monday, reported its financial results for the first quarter of 2017. Among the highlights, the company recorded net revenues of $13,561,941, marking a year-over-year increase of 20 percent. Net Element attributed this performance to organic growth in its North America Transaction Solutions segment, which demonstrated a year-over-year net revenue increase of 40 percent. Similarly, the company’s Online Solutions segment recorded a 23 percent year-over-year increase in revenues, which was attributed to continued organic growth in global online payment acceptance services with an emphasis on value-added…

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MondayMay 15, 2017 4:27 pm

NetworkNewsBreaks – SRAX (NASDAQ: SRAX) Reports First Quarter 2017 Results, Management Reaffirms 2017 Guidance

Internet advertising company SRAX (NASDAQ: SRAX) today reported its first quarter 2017 financial results. Among the highlights, the company recorded quarterly revenue of $5.3 million with gross profit of $2 million. SRAX reported a net loss of $2 million for the three-month period, compared to a loss of $2.4 million in the first quarter of 2016. “Over the past year, we have expanded our offering, creating new high growth revenue streams like SRAX Reach, and established a leaner infrastructure,” Christopher Miglino, CEO and chairman of SRAX, stated in the news release. “While not evident in our first quarter financial results…

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MondayMay 15, 2017 2:19 pm

NetworkNewsBreaks – Top 10 Mid-day Percentage Gainers on May 15, 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: ESDI 22.78% – News: Posts Q1 2017 financial results EKSO 15.95% – News: Provides update on the stroke rehabilitation market on CNBC’s “On the Money” IDXG 12.97% – News: Posts Q1 2017 financial results, hosting conference call at 4:30pm ET CYRN 12.50% – News: Issues customer update regarding WannaCry CAAS 10.36% – News: Receives preliminary non-binding "going private" proposal SINO 9.85% – News: Posts Q3 fiscal 2017 financial results AMSC 9.54% – News: Enters…

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MondayMay 15, 2017 12:21 pm

NetworkNewsBreaks – Windstream (NASDAQ: WIN) Awarded 2017 Most Valuable Employers for Military®; Opens Five Fiber Routes Nationwide

Shares of Windstream’s (NASDAQ: WIN) are 6% higher on news that RecruitMilitary has awarded the company as a 2017 Most Valuable Employers (MVE) for Military®. MVEs are chosen annually based on employers that have recruiting, training and retention plans that best serve military service members and veterans. The award is marking its ninth edition in 2017. Additionally, the company said today that it is opening five strategically located fiber routes on its nationwide long-haul fiber transport network. “We are committed to welcoming veterans into our ranks because they bring experiences, technical skills and leadership attributes that make us a stronger…

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MondayMay 15, 2017 12:18 pm

NetworkNewsBreaks – Aegis Capital Reiterates “Buy” Rating on Nektar Therapeutics (NASDAQ: NKTR)

Following the release of Nektar Therapeutics’ (NASDAQ: NKTR) first-quarter results, Aegis Capital reiterated its ‘Buy’ rating and price target of $27 on shares of the company’s stock. Though Nektar’s first-quarter revenue of $24.7 million fell short of the consensus of $30.9 million, the Aegis analyst noted the company’s multiple product candidates awaiting approval and potential upcoming product launches as the area of focus. Additionally, Nektar recently reported positive top-line data for the phase 3 Summit-07 trial evaluating NKTR-181 in chronic lower back pain. Readout for the ongoing pivotal trial is anticipated in mid-summer 2017. For more information, visit www.nektar.com About Nektar…

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MondayMay 15, 2017 12:16 pm

NetworkNewsBreaks – Aegis Capital Reiterates “Buy” Rating on Revance Therapeutics, Inc. (NASDAQ: RVNC)

Aegis Capital has reiterated its ‘Buy’ rating and price target of $28 on shares of Revance Therapeutics, Inc. (NASDAQ: RVNC) following release of the company’s first-quarter results. Revance reported cash and investments of $188.6 million as of March 31, 2017, which the analyst noted is expected to support operations through year end 2018. The company also provided a clinical development update, including news that the Sakura 1 & 2 phase 3 trials for glabellar lines are on track to report top-line results in the fourth quarter of 2017. Additionally, the company’s phase 2 trial for plantar fasciitis is set to report top-line…

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FridayMay 12, 2017 12:59 pm

NetworkNewsBreaks – Top 10 Mid-day Percentage Gainers on May 12, 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: RELV 22.58% – News: Posts Q1 sales of $12.8M, swings to profit PME 17.16% – News: Signs framework agreement to supply deep ocean fish products to supermarket and restaurant in China CPRX 5.98% – News: Receives a 2017 Beacon Award for industry in the Life Sciences & Healthcare category HEAR 5.95% – News: Will present at 18th Annual B. Riley & Co. Institutional Investor Conference on May 25 FORK 5.47% – News: Q1 net…

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FridayMay 12, 2017 12:58 pm

NetworkNewsBreaks – Capricor Therapeutics’ (NASDAQ: CAPR) ALLSTAR Trial Update Triggers Sell-off; Company to Focus on DMD, Trim Workforce

Shares of Capricor Therapeutics (NASDAQ: CAPR) dropped to a new 52-week low this morning – currently trading at $1.23 per share - after the company announced that six-month data of its ALLSTAR Trial demonstrated a low probability of achieving a statistically significant difference in its primary efficacy endpoint. "The lack of a clear difference in the change in scar size from baseline to six months between the active and control groups in the interim observations from ALLSTAR was unexpected. These results diverge from the consistent and extensive record of activity observed with our cell technology in the setting of cardiac…

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