NetworkNewsBreaks

TuesdayMay 16, 2023 3:14 pm

NetworkNewsBreaks – Sharing Services Global Corporation (SHRG) Announces Official Launch Event for Hapi Travel

Sharing Services Global Corporation (OTCQB: SHRG) and DSS Inc. (NYSE American: DSS) recently announced the distribution date for the common stock of Sharing Services that is beneficially held by DSS directly and through its subsidiary, Decentralized Sharing Systems Inc. (“DSSI”). According to the announcement, each share of DSS common stock outstanding as of 5 p.m. ET held on April 28, 2023, entitled the holder to receive two SHRG common stock shares distributed on May 4, 2023. As a result, DSS and DSSI hold an approximate 7% ownership interest in Sharing Services Global Corporation. DSS, a multinational company operating nine business…

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TuesdayMay 16, 2023 3:07 pm

NetworkNewsBreaks – Guardforce AI Co. Limited (NASDAQ: GFAI) Secures ~$13.8M in Underwritten Public Offering, Exercise of Full Over-Allotment Option

Guardforce AI (NASDAQ: GFAI, GFAIW), an integrated security provider specializing in secured logistics, AI and Robot-as-a-Service (“RaaS”), has announced the closing of its underwritten public offering of 2,580,600 ordinary shares, par value of $0.12 per share, each at a public offering price of $4.65. The underwriters exercised the over-allotment option in full for an additional 387,090 ordinary shares at the time of the closing. As a result, Guardforce AI secured aggregate gross proceeds of approximately $13.8 million prior to deducting underwriting discounts and other offering expenses. EF Hutton, division of Benchmark Investments LLC, acted as the lead book-running manager and…

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TuesdayMay 16, 2023 3:01 pm

NetworkNewsBreaks – AmeriCann Inc. (ACAN) Reports Best-Ever Revenue, Net Income

AmeriCann (OTCQB: ACAN), a cannabis company that develops state-of-the-art cultivation, product manufacturing and distribution facilities, is reporting on its financial and operational results for the quarter ending March 2023; the report showed the company’s best-ever annual revenue and net income for its latest four quarters. According to the report, AmeriCann has reported five consecutive quarters of positive net income, with net income increasing 257% and revenue increasing an estimated 12% for the quarter ended March 2023 compared to the quarter ended March 2022. In the report, the company attributed the increased revenue to products produced and manufactured at the company's…

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TuesdayMay 16, 2023 2:42 pm

NetworkNewsBreaks – Knightscope, Inc. (NASDAQ: KSCP) Provides Transcript and Video of Yesterday’s Q1 Town Hall Update

Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots and blue light emergency communication systems, today released the transcript and video of its First Quarter Town Hall Update that occurred at 1 p.m. PT on May 15, 2023. In the update, the company’s CEO William Santana Li reviewed financial highlights from Knightscope’s recently filed quarterly report on Form 10-Q for the first quarter 2023, as well as shared current events that may be of interest to stockholders and potential investors. “First, I am pleased to report that for the 1st quarter of 2023, we recorded approximately $2.9M in revenue…

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TuesdayMay 16, 2023 1:54 pm

NetworkNewsBreaks – Data443 Risk Mitigation Inc. (ATDS) Reports on Q1 2023 Financial Results, Notes Triple-Digit Increase in Revenue and Gross Profit

Data443 Risk Mitigation (OTC: ATDS ), a data security and privacy software company for “All Things Data Security,” is reporting on its results for the quarter ended March 31, 2023. Financial highlights of the report include 125% increased revenue year over year, 184% increased gross profit year over year and a 60% decreased net loss year over year. Business highlights for the year include a 98% customer renewal rate, the VB100 certification of Data443(R) Antivirus Protection Manager(TM), and the company’s Ransomware Recovery Manager being named Best of Inexpensive Protection and Best for Kiosks in PCMag’s The Best Ransomware Protection for 2023.…

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TuesdayMay 16, 2023 1:37 pm

NetworkNewsBreaks – Reflex Advanced Materials Corp. (CSE: RFLX) (OTC: RFLXF) (FWB: HF2) Enters Strategic Partnership with LSTM

Reflex (CSE: RFLX) (OTC: RFLXF) (FWB: HF2) today announced a partnership with Lone Star Tech Minerals (“LSTM”), a Texas-based graphite and industrial minerals marketing consulting firm, which will assist Reflex with competitive analysis, market research and marketing strategies. Under the partnership, LSTM will provide Reflex with a strategic production and marketing plan. “We are excited to partner with Lone Star Tech Minerals and leverage their marketing and technical experience,” said Paul Gorman, CEO of Reflex Advanced Materials Corp. “Lone Star’s extensive knowledge of the CSPG industry will be invaluable as we aim to deliver high-quality, custom graphite products to a…

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TuesdayMay 16, 2023 1:24 pm

NetworkNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) Featured in InvestmentPitch Media Video

FSD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) is a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions for the treatment of challenging neurodegenerative, inflammatory and metabolic disorders. The company has been awarded approximately C$2.81 million in an arbitration settlement. An InvestmentPitch Media video provides additional information about this news and the company. The video is available for viewing on InvestmentPitch and YouTube. To view the full press release, visit https://nnw.fm/NTai2 About FSD Pharma Inc. FSD Pharma is a biotechnology company with three drug candidates in different stages of development. FSD BioSciences, a wholly owned…

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TuesdayMay 16, 2023 1:14 pm

NetworkNewsBreaks – CISO Global Inc. (NASDAQ: CISO) Announces Board Appointment of CFO Deb Smith, Creation of vCISO LLC

CISO Global Inc. (NASDAQ: CISO), a Scottsdale, Arizona-based industry leader as a managed cybersecurity and compliance provider, has named Chief Financial Officer Deb Smith to its board of directors. Smith has served as the CFO and secretary since 2021. “Deb has overseen and managed the complex financial aspects of successfully acquiring and integrating 17 companies on a global basis,” said David Jemmett, CEO and founder of CISO Global. “She is a trusted member of our executive team and brings tremendous leadership and perspective to our board.” In addition, CISO Global announced that it has formed vCISO LLC to own and…

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TuesdayMay 16, 2023 1:06 pm

NetworkNewsBreaks — DoubleDown Interactive Co. Ltd. (NASDAQ: DDI) Exec to Present at Upcoming Needham Technology & Media Conference

DoubleDown Interactive (NASDAQ: DDI), a leading developer and publisher of digital games on mobile and web-based platforms, will be participating at the 18th annual Needham Technology & Media Conference, which is scheduled for May 18, 2023. The company announced that CFO Joe Sigrist will be presenting during the conference; Sigrist’s presentation is slated to begin at 12:45 p.m. ET. The announcement also noted that Sigrist would host virtual one-on-one and group meetings throughout the day as scheduled. An archived version of Sigrist’s presentation will be available on the company’s website for 90 days following the event. To view the presentation,…

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TuesdayMay 16, 2023 1:00 pm

NetworkNewsBreaks – BiondVax Pharmaceuticals Ltd. (NASDAQ: BVXV) Releases Q1 2023 Financial Results, Business Update

BiondVax Pharmaceuticals (NASDAQ: BVXV), a biotechnology company focused on developing, manufacturing and commercializing innovative immunotherapeutic products primarily for the treatment of infectious and autoimmune diseases, is reporting its financial results for the first quarter ended March 31, 2023; the report also noted key business updates. Highlights of the report indicate R&D expenses for quarter totaled $2 million with marketing, general and administrative expenses for the quarter reaching $1.2 million and total operating expenses coming in at $3.2 million, compared with $2.6 for same period in 2022. The report noted financial (loss) income for the quarter totaling $(0.3) million compared with $0.14 million for…

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