HS GovTech Solutions Inc Stock (OTC: HDSLF)

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Stocks That Hit 52-Week Highs On Thursday

HS GovTech Solutions Inc

Today, NJOY, an Altria company, announces the submission of a supplemental Premarket Tobacco Product Application (PMTA) to the U.S. Food and Drug Administration (FDA) to commercialize and market the NJOY ACE 2.0 device. This new device incorporates access restriction technology designed to prevent underage use via Bluetooth&#xAE; connectivity to authenticate the user before unlocking the device. The company also re-submitted PMTAs for Blueberry and Watermelon pod products that work exclusively with the NJOY ACE 2.0 device.

NJOY Submitted A Premarket Tobacco Product Applications To The FDA for Its ACE 2.0

&nbsp;The approximately 200 workers part of the International Association of Machinists and Aerospace Workers, District Lodge 54, Local Lodge 1285, and the Company reached an agreement on a new five-year labor agreement.

Alamo Says Strike That Began On April 14, 2024 By Unionized Workers At Its Subsidiary, Gradall Industries, Located In New Philadelphia, Ohio, Has Ended

Reliance Global Group Q1 EPS $(0.81), Total Revenue $4.08M

Sidus Space (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIDU#NASDAQ">SIDU</a>) reported quarterly losses of $(1.40) per share. The company reported $1.05 million in sales this quarter. This is a 53.62 percent decrease over sales of $2.26 million the same period last year.

Earnings

SIDU

Sidus Space Q1 EPS $(1.40), Sales $1.05M Down From $2.26M YoY

Transcat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNS#NASDAQ">TRNS</a>) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.53 by 24.53 percent. The company reported quarterly sales of $70.913 million which beat the analyst consensus estimate of $68.595 million by 3.38 percent. This is a 14.25 percent increase over sales of $62.067 million the same period last year.

Earnings Beats

TRNS

Transcat Q4 2024 Adj EPS $0.66 Beats $0.53 Estimate, Sales $70.913M Beat $68.595M Estimate

Offerings

Blue Owl Capital Inc. Files For Mixed Shelf Offering; Size Not Disclosed

Nature&#8217;s Miracle Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>), a vertical farming technology and infrastructure provider, and Agrify Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGFY#NASDAQ">AGFY</a>), a leader in cultivation and extraction technologies for the <a href="https://www.benzinga.com/cannabis" target="_blank" rel="noreferrer noopener">cannabis industry</a>, have mutually agreed to terminate their previously announced <a href="https://www.benzinga.com/markets/cannabis/24/04/38293686/ancillary-cannabis-co-s-stock-surges-on-news-of-merger-with-california-provider-of-cea-products-">merger plan</a> due to unfavorable market conditions. The decision, announced Monday, comes just four days after the merger plan was initially revealed.
<h3 class="wp-block-heading">Termination Agreements Executed With No Fees</h3>
Both companies have executed termination agreements with mutual releases, canceling all prior agreements without any termination or cancellation fees. This also includes the cessation of Nature&#8217;s Miracle&#8217;s acquisition of Agrify&#8217;s outstanding debt.
Stay ahead in the cannabis industry by joining industry leaders and experts at the upcoming Benzinga Cannabis Capital Conference in Chicago on Oct. 8-9.<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator"> Get your tickets now</a> before prices surge by following<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator"> this link</a>.
James Li, chairman and CEO of Nature&#8217;s Miracle, commented, &#8220;Based on the current unfavorable market conditions, we&#8217;ve determined this is in the best interest of our shareholders and the long-term value of our business. At Nature&#8217;s Miracle, we will continue to focus on our core indoor growing products including grow light, dehumidifier and container growing systems where we are seeing strong momentum.&#8221;
<h3 class="wp-block-heading">Terminated Merger Planned To Enhance Revenue Streams</h3>
<a href="https://www.benzinga.com/markets/cannabis/24/05/38876948/cannabis-cultivation-solutions-provider-agrify-and-californias-natures-miracle-sign-definitive-m">The original merger agreement, announced on May 16</a>, proposed that Agrify shareholders would receive 0.45 shares of Nature's Miracle common stock for each Agrify share held. Agrify would have become a wholly-owned subsidiary of Nature's Miracle, with Agrify shareholders anticipated to own approximately 30% of the combined company&#8217;s common stock.
The merger was expected to bring significant benefits, including a new revenue stream for Nature&#8217;s Miracle through Agrify&#8217;s SaaS and AI technology, applicable to vertical farming. The merger was also set to enhance Nature&#8217;s Miracle&#8217;s market share by combining management teams and leveraging Agrify&#8217;s expertise in <a href="https://www.benzinga.com/cannabis">cannabis</a> extraction.
Despite the termination, both companies expressed mutual respect and appreciation. &#8220;We extend our appreciation to the Agrify team for their cooperation,&#8221; Li added.
NMHI And AGFY Price Action NMHI's shares were trading 22.85% lower at $0.52 per share and AGFY's shares were trading 9.83% lower at $0.3001 per share by the time of this writing around 3 PM ET Monday.
Image created with generative AI tools.

Cannabis

AGFY

NMHI

Cannabis Merger Canceled: Nature's Miracle And Agrify Terminate Agreement Citing Unfavorable Market Conditions

BIMI Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIMI#NASDAQ">BIMI</a>) ("BIMI" or the "Company"), previously known as BIMI International Medical Inc., a healthcare products and services provider, today announced that on May 17, 2024, it received a delinquency compliance alert notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") advising the Company that due to its failure to timely file its Form 10-Q for the period ended March 31, 2024, with the Securities and Exchange Commission (the "SEC"), and because the Company remains delinquent in filing its Form 10-K for the fiscal year ended December 31, 2023, it is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of all required periodic reports with the SEC (the "Rule").

BIMI

BIMI Receives Notification Of Delinquency Compliance From Nasdaq

DGLY

Digital Ally Q1 2024 EPS $(1.37) Up From $(2.22) YoY; Revenue $5.529M Down From $7.697M YoY

VIRI

Virios Therapeutics Inc. To Offer 8.5M Shares Of Common Stock At $0.20 Per Share

Racehorse Seize the Grey took the lead at the 2024 Preakness Stakes on Saturday and never looked back, capturing the Triple Crown event at 9 to 1 odds. A $2 bet on the gray colt to win paid $21.60. The win was unique in another way: 2,570 individual investors bought micro shares of the horse through the website myRacehorse. 2023 Kentucky Derby champ Mage had a <a href="https://www.benzinga.com/general/sports-betting/23/05/32270092/heres-how-much-100-bet-on-mage-to-win-kentucky-derby-paid-out-and-how-you-could-have-owned">similar ownership structure</a>.
How It Works: <a href="https://myracehorse.com/us/faqs">According</a> to the company's website, myRacehorse offers shares in racehorses to those 18 and older in qualifying jurisdictions. Investors' exposure is limited to their initial investment, without any additional fees.
Investors can visit the horses in the barn, participate in the winner's circle if their horse wins an event, and are entitled to a portion of the profits from the horse after it is retired.
The Individual Investor: Horse ownership has traditionally been reserved for the ultra-wealthy. Companies offering micro shares of horses allow individual investors to consider themselves owners of a racing thoroughbred.&nbsp;
Shares of Seize the Grey originally sold for $127 a pop and will yield $157 a share from the win, <a href="https://www.bizjournals.com/baltimore/news/2024/05/18/seize-the-grey-wins-2024-preakness-stakes.html">according</a> to the Baltimore Business Journal. Owners will also be entitled to future stud fees, which are likely to be substantial.
Most investments in horses are very unlikely to make a profit; the company itself <a href="https://cdnb-media.myracehorse.com/blog/application/14QuestionsWhitePaperMRH11_1657290600973.pdf">admits</a> this. However, fraction shares still provide a unique opportunity for individual investors to enjoy the various perks of horse ownership.&nbsp;
This is not so different from the participation of retail investors in the financial markets. Interest among retail investors in equities such as GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) and AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) demonstrates the increasing interest of ordinary, non-institutional individuals to participate in the world of investing.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/05/38923873/stocks-gold-reach-new-record-highs-cruise-stocks-rally-gamestop-sinks-whats-driving-markets-mond">Stocks, Gold Reach New Record Highs, Cruise Stocks Rally, GameStop Sinks: What&#8217;s Driving Markets Monday?</a>
Image generated using artificial intelligence via Midjourney.

Sports Betting

Sports

Triumph For Individual Investors: Over 2,500 Owners Celebrate As Their Horse Wins Preakness Stakes

As of March 31, 2024, TMTG's balance of cash and cash equivalents was $273.7 million. This comprises $233.7 million in unrestricted cash accounts and $40.0 million held in restricted accounts pending the effectiveness of TMTG's registration statement on form S-1, which was filed with the SEC on April 15, 2024.
TMTG CEO Devin Nunes said, "After an unprecedented, years-long process, we have consummated our merger and dispensed with the vast bulk of merger-related expenses, leaving the Company well-capitalized and supported by a legion of retail shareholders who believe in our mission to provide a free-speech beachhead against Big Tech censorship. Having started from scratch not long ago, TMTG debuted Truth Social on the web, iOS, and Android in 2022, and is now a publicly traded company operating an international social media platform. TMTG is well-positioned at this early stage to grow quickly and fulfill our mission. Our positive working capital allows us to explore and pursue a wide array of initiatives and innovations to build out the Truth Social platform including potential mergers and acquisitions activities. We are particularly excited to move forward with live TV streaming by developing our own content delivery network, which we believe will be a major enhancement of the platform."
The Company had a first-quarter operating loss of $12.1 million based on non-GAAP Adjusted EBITDA calculations. Approximately half of that amount, $6.3 million, consisted of one-time payments related to the closing of TMTG's merger with Digital World Acquisition Corp. ("DWAC"). TMTG believes it has sufficient working capital to fund operations for the foreseeable future.
In the first quarter, the Company recorded $311.0 million in non-cash expenses arising from the conversion of promissory notes, and the associated elimination of prior liabilities, immediately before the closing of TMTG's merger with DWAC on March 25, 2024. These non-cash expenses resulted in a GAAP loss of $327.6 million for the first quarter. A table further illustrating these results is included in the section below titled "Reconciliation of Non-GAAP Financial Measures."&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;

Trump Media & Technology Group Balance Of Cash And Cash Equivalents Was $273.7M As Of March 31, 2024; Q1 Operating Loss Of $12.1M

Zoom Video Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) reported first-quarter earnings after the market close Monday. Here&#8217;s a look at the <a href="https://www.benzinga.com/pressreleases/24/05/g38926295/zoom-video-communications-reports-financial-results-for-the-first-quarter-of-fiscal-year-2025">key metrics from the quarter</a>.
What Happened: Zoom reported first-quarter revenue of $1.14 billion, beating the&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $1.13 billion billion. Zoom&#8217;s top-line results were up 3.2% on a year-over-year basis. Enterprise revenue was up&nbsp;5.3%&nbsp;year-over-year, while online revenue was flat on a year-over-year basis. 
The communications company reported adjusted earnings of $1.35&nbsp;per share, beating analyst estimates of $1.20&nbsp;per share. Zoom has now beat analyst estimates on the top and bottom lines in seven straight quarters, according to data from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Net cash provided by operating activities was&nbsp;$588.2 million&nbsp;in the&nbsp;first quarter, up 40.6% year-over-year. Free cash flow came in at $569.7 million, up 43.6% year-over-year.
Zoom&nbsp;ended the quarter&nbsp;with approximately 191,000&nbsp;enterprise customers. 3,883 of those customers were&nbsp;contributing more than&nbsp;$100,000&nbsp;in trailing 12 months revenue at quarter's end, up approximately&nbsp;8.5% year-over-year.
&#8220;In&nbsp;Q1, we continued to integrate AI&nbsp;across our platform including Zoom Contact Center and Zoom Workplace, our AI-powered collaboration platform that provides customers the ability to reimagine teamwork by streamlining communications, increasing employee engagement, and improving productivity within their organizations,&#8221; said Eric Yuan, founder and CEO of Zoom.
Zoom Outlook: Zoom sees fiscal second-quarter revenue in the range of $1.145 billion to $1.15 billion versus estimates of $1.15 billion. The company said it expects second-quarter adjusted earnings to be between $1.20 and $1.21 per share versus estimates of $1.23 per share. 
Zoom expects full-year revenue of $4.61&nbsp;billion to $4.62 billion versus estimates of $4.61 billion. Full-year earnings are expected to be between $4.99&nbsp;and $5.02&nbsp;per share versus estimates of $4.91 per share.
Zoom management will hold a conference call to discuss&nbsp;its quarterly results&nbsp;at 5&nbsp;p.m. ET.
Don&#8217;t Miss: <a href="https://www.benzinga.com/markets/equities/24/05/38925024/zoom-snowflake-intuit-face-short-term-choppiness-but-long-term-gains-will-follow-jpmorgan">Zoom, Snowflake, Intuit Face Short-Term &#8216;Choppiness,&#8217; But Long-Term Gains Will Follow: JPMorgan</a>
ZM Price Action: <a href="https://www.benzinga.com/quote/ZM" target="_blank" rel="noreferrer noopener">Zoom shares</a> were trading slightly down after hours Monday at $63.95, according to <a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: courtesy of Zoom.

Equities

Tech

Zoom Q1 Earnings: Revenue Beat, EPS Beat, Cash Flow Surges, Continued AI Integration And More

Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) reported its third-quarter financial results after the bell Monday. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/05/n38926281/palo-alto-networks-reports-fiscal-third-quarter-2024-financial-results">details from the report.</a> 
The Details:
Palo Alto Networks reported quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.25 by 5.6%. 
Quarterly sales clocked in at $1.985 billion which beat the analyst consensus estimate of $1.967 billion and represents a 15.33% increase over sales of $1.721 billion from the same period last year.
&#8220;We are pleased with the enthusiastic response to platformization from our customers in Q3. Platformization is a long-term strategy that addresses the increasing sophistication and volume of threats, and the need for AI-infused security outcomes,&#8221; said Nikesh Arora, chairman and CEO of Palo Alto Networks.
&#8220;We have remained disciplined in our execution while investing in go-to-market and innovation,&#8221; said Dipak Golechha, chief financial officer of Palo Alto Networks. &#8220;We delivered consistent, profitable growth yet again in Q3 and look forward to executing against our strategic goals and financial targets as we close out the year.&#8221;
Outlook:&nbsp;
Palo Alto Networks sees fourth-quarter adjusted earnings of between $1.40 and $1.42 per share, versus the $1.41 per share estimate, and total revenue in a range of $2.15 billion to $2.17 billion, versus the $2.16 billion analyst estimate. The company expects fourth-quarter total billings in the range of $3.43 billion to $3.48 billion, representing year-over-year growth of between 9% and 10%.
Palo Alto Networks expects full-year earnings of between $5.56 and $5.58 per share, versus the $5.51estimate, and full-year total revenue in a range of $7.99 billion to $8.01 billion, versus the $7.98 billion consensus estimate. The company sees fiscal year 2024 total billings in the range of $10.13 billion to $10.18 billion, representing year-over-year growth of between 10% and 11%.
Related News: <a href="https://www.benzinga.com/news/24/05/38925123/whats-going-on-with-gt-biopharma-stock">What&#8217;s Going On With GT Biopharma Stock?</a>
PANW Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Palo Alto Networks shares are down 8.88% after-hours at $295.01 at the time of publication Monday.
Photo: Shutterstock

After-Hours Center

PANW

VXRT

Palo Alto Networks Shares Drop After Q3 Results, In-Line Guidance: The Details

Asset Sales

APA Announces The Sale Of Non-Core Properties By Apache And Subsidiaries Will Aggregate Proceeds Over $700M

Engine Gaming And Media (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAME#NASDAQ">GAME</a>) reported quarterly sales of $17.728 million which beat the analyst consensus estimate of $13.700 million by 29.40 percent.

GAME

Engine Gaming And Media Q1 Sales $17.728M Beat $13.700M Estimate

<a href="https://www.globenewswire.com/Tracker?data=VjOyLayZiroQZ3xOFgirFTVSOvtl-pGmGZRQmJzRhXJm18UAXnXfttEZGziS-fFdVCBW1sNm59pxcd0Q4Fj0yA==">WalkMe Ltd.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKME#NASDAQ">WKME</a>), a leading provider of digital adoption solutions for effectively navigating technology change, today announced the launch of new generative AI (GenAI) capabilities as part of its spring '24 product release. These innovations, including AI Answers and AI SmartTips, are the first components of a broader GenAI offering WalkMe will reveal at their annual flagship event, <a href="https://www.globenewswire.com/Tracker?data=3VeADNRxvOGCZ4QA7ZT3HzZLWOs1_FJiHSS2-1-2wKF08c_Z7vgTt4U6OU_4WYJnzR74ts-a6_VXPWtpqgZwvRu5CPIPW7-R9_wbwBFvVBU=">Realize,</a> on June 18. These new capabilities highlight the company's commitment to enhancing user productivity and improving data quality across enterprise systems while making GenAI easy to use for anyone.

WKME

WalkMe Launches New Generative AI Capabilities In Spring 2024 Product Release

Meta Materials Inc. (the "Company" or "META") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMAT#NASDAQ">MMAT</a>), an advanced materials and nanotechnology company, today announced an update on the short selling investigation undertaken in June of 2023.
In an initial press release from late June 2023, META outlined its preliminary analysis of potential naked short selling, and retained well-known analytics firm, Shareholder Intelligence Services, LLC to review trading patterns of the Company's common stock. Based on this analysis, and with zero tolerance for illegal naked short selling and other stock manipulation, META employed the services of law firms, Christian Attar and Warshaw Burstein (collectively "Lawyers") to determine merit of such claims.
Since June 2023, the Lawyers have conducted an exhaustive investigation and undertaken in-depth due diligence. The Lawyers have now concluded that META has meritorious claims for market manipulation against several parties. "I believe META has an actionable case in connection with its MMAT/MMTLP claims. We look forward to working with the company," noted James "Wes" Christian, partner with Christian Attar.
Noted META Board Chairman, Jack Harding, "We needed all available data (unearthed by these esteemed securities law firms) at our disposal to delineate stock manipulation, and by which parties. We are now equipped with the necessary information to act and will be further sharing these findings with regulatory agencies. Simultaneously, we expect to file legal proceedings in the coming quarters against the responsible financial service firms." META looks forward to releasing additional press releases as more information becomes available.

Short Sellers

MMAT

Meta Materials Update On Naked Short Selling Investigation; Says The Lawyers Have Now Concluded That META Has Meritorious Claims For Market Manipulation Against Several Parties

The transaction, a&nbsp;strategic move to expand its natural gas gathering and processing footprint in the Midland Basin,&nbsp;is expected to close around mid-year of 2024 following satisfaction of customary closing conditions, including under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR).

Phillips 66 To Buy Pinnacle Midstream From Energy Spectrum Capital For Cash Consideration Of $550M

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Latest News for HS GovTech Solutions Inc Stock (OTC:HDSLF)

Thursday, October 08, 2020

Thursday, February 20, 2020