February 25, 2015 9:07 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NASDAQ: SODA) surged over 3% in pre-market trading after the company reported better-than-expected earnings for the fourth quarter. The Airport City, Israel-based company posted quarterly adjusted earnings of $7.5 million, or $0.35 per share, compared to $0.7 million, or $0.03 per share, in the year-ago period. Its revenue declined to $126.5 million from $168.1 million. However, analysts were expecting earnings of $0.18 per share on revenue of $127.1 million. Adjusted EBITDA climbed to $16.7 million from $5.9 million.Sales and marketing expenses slipped to $42.9 million from $56.2 million, while general and administrative expenses dropped to $9.4 million from $12.5 million.Gross margin rose 8 percentage points to 50.4% in the quarter.At December 31, 2014, cash and cash equivalents and bank deposits totaled $46.9 million, versus $40.9 million at December 31, 2013."During the fourth quarter we set a new course for the company that we believe positions SodaStream to take advantage of the rapidly transforming beverage industry," said Daniel Birnbaum, Chief Executive Officer of SodaStream. "We are confident that repositioning the brand around health & wellness and launching a completely new portfolio of water enhanced flavors fits perfectly with the changing nature of consumer demands and will reaccelerate participation in our home carbonation system. As we announced, in conjunction with our growth plan, we have begun to reform our operational and organizational structure to better support our new strategy and drive improved efficiencies. While our actions will impact our near-term performance, we believe they will put us on stronger footing for delivering long-term profitable growth and increased shareholder value."SodaStream shares climbed 3.07% to $19.47 in pre-market trading.
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