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FOCUS LIST🔎
AISP – Up over 25% in pre after reporting better than expected earnings
BLRX – Up over 7% in pre after reporting better than expected earnings
ARAY – Up over 20% in pre after reporting better than expected earnings
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💥Day 1: Trading plan released pre-market, quick move on Pick of the Week CVNA – alerted members when I was IN and OUT!
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HOTLIST🔥
AISP – Up over 25% in pre after reporting better than expected earnings
Airship AI Holdings Inc. (AISP) offers Artificial Intelligence driven video, sensor, and data management surveillance platform in the United States.
In the after-hours yesterday, the company announced Q2 2024 financial results.
Highlights include:
Strong Second Quarter 2024 Net Revenues of $6.4 Million, Gross Profit of $4.5 Million and Gross Margin of 70%
Second Quarter Operating Income of $1.0 Million Represents Significant Progress Towards Full Year Cash Flow Positive Objective
First Half 2024 Combined Net Revenue of $17.0 Million Represents 128% of the Company’s Full Year Revenue in 2023
2024 Outlook
Triple-digit revenue growth and positive cash flow for calendar year 2024 supported by a strong and growing validated pipeline of ~$150 million, rapidly improving gross profit margins, and a strong recurring revenue model.
Release new Outpost AI product offerings as well as expand custom trained AI models supporting emerging edge analytic workflows.
The stock traded up over 25% in the pre-market in reaction to the positive financial results and outlook.
The first target for bulls is the pre-market high at $3.69.
Beyond that, $4.20, $4.80 and $5.20 come into play.
Below $3.69, targets to the downside are $3.20, $3, $2.85, $2.60 and then a gap fill at $2.52.
BLRX – Up over 7% in pre after reporting better than expected earnings
BioLineRx Ltd. (BLRX) is a commercial stage biopharmaceutical company that develops and commercializes therapeutics for oncology and rare diseases.
In the pre-market this morning, the company reported Q2 financial results with corporate and portfolio updates.
Highlights include:
Total revenue for the three months ended June 30, 2024 was $5.4 million. The Company did not record any revenue during the second quarter of 2023. Revenue for the quarter reflects a portion of the upfront payment from the Gloria Biosciences license, which amounted to $3.6 million, as well as $1.8 million of net revenue from product sales of APHEXDA in the U.S.
Net income for the three months ended June 30, 2024 was $0.5 million, compared to net loss of $18.5 million for the same period in 2023.
As of June 30, 2024, the Company had cash, cash equivalents, and short-term bank deposits of $40.1 million. The Company anticipates that this amount will be sufficient to fund operations, as currently planned, into 2025
Secured APHEXDA® formulary placement among top 80 transplant centers representing ~37% of stem cell transplant procedures performed, surpassing stated goal for quarter; on-track to reach goal of ~60% by end of Q4 –
Doubled the number of centers ordering APHEXDA during the second quarter
Entered into clinical trial agreement with St. Jude Children’s Research Hospital to evaluate motixafortide for hematopoietic stem cell mobilization for gene therapies in sickle cell disease.
The first target for bulls is the pre-market high at $0.84.
Beyond that, $0.88, $0.93, $1 and then $1.10 come into play.
Below $0.84, targets to the downside are $0.80 and then a gap fill at $0.7750 with $0.72 below that.
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ARAY – Up over 20% in pre after reporting better than expected earnings
Accuray Incorporated (ARAY) designs, develops, manufactures, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the United States and internationally.
In the after-hours yesterday, the company reported Q4 2024 financial results.
Highlights include:
Net revenue of $134.3 million, an increase of 13.5 percent from the same period in the prior fiscal year. Net revenue on a constant currency basis was $136.7 million, which represents a 15.6 percent increase versus the same period in the prior fiscal year.
GAAP net income of $3.4 million, as compared to GAAP net loss of $2.6 million in the same period in the prior fiscal year. Adjusted EBITDA was $10.1 million in the fourth quarter of fiscal 2024 compared to $5.2 million in the same period in the prior fiscal year.
Gross orders of $95.5 million, increased 7.9 percent from the same period in the prior fiscal year. The book to bill ratio was 1.2 in the fourth quarter of fiscal 2024, compared to a book to bill ratio of 1.4 in the same period in the prior fiscal year.
Fiscal Year 2025 Financial Guidance
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Total revenue is expected in the range of $460 million to $470 million.
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Adjusted EBITDA is expected in the range of $27.5 million to $29.5 million.
The stock traded up over 20% in reaction to the positive financial results and 2025 guidance.
The first target to the upside is prior resistance at $1.85 and then the after-hours high at $1.90. Beyond that, $2.05, $2.20 and $2.40 come into play.
Below $1.85, targets to the downside are $1.77, $1.66, $1.55, and then a gap fill at $1.43.
MARKET NEWS 📰
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