Author: Admin

Developer

Avivagen Inc. (VIVXF)(VIV:CA) – Reports First Quarter 2022 Results

Posted on by Admin

Thursday, March 31, 2022

Avivagen Inc. (VIVXF)(VIV:CA)
Reports First Quarter 2022 Results

Avivagen Inc is a Canadian based company operating in the healthcare sector. It develops science-based, natural health products for animals. It develops and commercializes products for livestock feeds to replace antibiotics for growth promotion and to help prevent disease by supporting the animal’s own health defenses. Its product range includes OxC-beta, Vivamune health chews, Oximunol chewable tablets, and Carotenoid Oxidation products.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    1Q22 Results. Avivagen reported revenue of $271,157 (all figures in Canadian $) in the quarter, up from $261,987 last year, and compared to our $300,000 estimate. Net loss for the quarter was $1.6 million, or $0.03 per share versus a net loss of $1.3 million, or $0.03 per share, in the first quarter of 2021. We had forecasted a net loss of $1.4 million, or $0.03 per share. Increased operating expenses due to impairment expenses were the main driver in the increased loss.

    Market Still Challenging.  While sales in the Philippines continue apace, Mexico remains frozen. In fact, quarterly revenues were reduced by $89,658 due to returned product from Mexico. Average price per kg of OxC-Beta remained flat at $106.33. While Avivagen has made strides in receiving approvals in other nations, the Company needs to translate approvals into steady, and increasing, sales in more …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

 

Voyager Digital (VYGVF)(VOYG:CA) – A Speed Bump in the Road

Posted on by Admin

Thursday, March 31, 2022

Voyager Digital (VYGVF)(VOYG:CA)
A Speed Bump in the Road

Voyager Digital Ltd through its subsidiary, operates as a crypto asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. The company offers investors execution, data, wallet and custody services through its institutional-grade open architecture platform.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    In the Cross Hairs. Yesterday, Voyager reported that is aware of or had received cease and desist orders from a number of states in respect to Voyager accounts that permit customers to earn rewards on their crypto balances. The actions by the states appears to be similar to what happened to Blockfi in February this year.

    Voyager Response.  The Company stated, “Voyager is firmly convinced that its Earn Program and the Voyager Earn Accounts are not securities and intends to demonstrate its position and defend it as necessary and appropriate.” Voyager is seeking clarification of the terms of each of these regulatory orders, including effective dates and how proposed civil penalties in respect of alleged violations are …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

 

Motorsport Games (MSGM) – Likely To Be A Reset Year

Posted on by Admin

Thursday, March 31, 2022

Motorsport Games (MSGM)
Likely To Be A Reset Year

Motorsport Games, a Motorsport Network company, combines innovative and engaging video games with exciting esports competitions and content for racing fans and gamers around the globe. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series, including NASCAR, INDYCAR, 24 Hours of Le Mans and the British Touring Car Championship (“BTCC”), across PC, PlayStation, Xbox, Nintendo Switch and mobile. Motorsport Games is an award-winning esports partner of choice for 24 Hours of Le Mans, Formula E, BTCC, the FIA World Rallycross Championship and the eNASCAR Heat Pro League, among others. The company’s IPO was in January 2021, and it is headquartered in Miami, FL. For more information about Motorsport Games, visit www.motorsportgames.com.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Patrick McCann, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Q4 misses, but better than feared. The company reported Q4 revenue of $8.2 million, 41.9% below our forecast of $14.2 million. Adj. EBITDA for the quarter was negative at a loss of $5.433 million compared with our forecast of $1.250 million.

    Slow off the block.  The disappointing Q4 was due largely to an underwhelming launch of the company’s new game, NASCAR 21: Ignition. The game’s 2021 sales trailed that of its predecessor, NASCAR Heat 5 in 2020. We believe that the company is focused on 2023 when the company is expected to have a stable of franchise product offerings …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

 

Comstock Mining (LODE) – Advancing from a Vision to Commercialization

Posted on by Admin

Thursday, March 31, 2022

Comstock Mining (LODE)
Advancing from a Vision to Commercialization

Comstock Mining Inc. is an emerging innovator and leader in the sustainable extraction, valorization, and production of scarce natural resources, with a focus on high value strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Core businesses. The company’s renewable fuels division, Comstock Fuels, is advancing technologies to commercialize the conversion of woody biomass into advanced cellulosic fuels. Comstock’s 90%-owned lithium-ion battery recycling business, LiNiCo, intends to commercialize a process to crush and separate lithium-ion batteries, extract lithium, nickel, cobalt, and graphite, and use the recovered metals to produce 99% pure cathode active precursor products. The company appears to be on track to meet milestones that we have discussed in previous notes.

    Investor webcast.  Comstock Mining hosted a webcast this week to discuss accomplishments during 2021 and the outlook. The company is still in investment mode as it lays the foundation for future earnings. Management reiterated its goal to generate annual revenues of at least $16 billion by 2030. Comstock is building commercial pilot scale cellulosic fuels and lithium-ion battery (LIB) facilities and …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

 

Wesana Health (WSNAF) Scheduled to Present at NobleCon18 Investor Conference

Posted on by Admin

Wesana Health CEO Daniel Carcillo provides a preview of their upcoming presentation at NobleCon18

NobleCon18 – Noble Capital Markets 18th Annual Small and Microcap Investor Conference – April 19-21, 2022 – Hard Rock, Hollywood, FL 100+ Public Company Presentations | Scheduled Breakouts | Panel Presentations | High-Profile Keynotes | Educational Sessions | Receptions & Networking Events

Free Registration Available – More Info


News and Advanced Market Data on WSNAF


NobleCon18 Presenting Companies

About Wesana

Wesana Health?helps people transcend barriers in mental health and performance. We innovate in care development through our therapies and patent-pending protocols, and in care delivery through activating a new multidisciplinary, technology-supported clinical model. Learn more at?www.wesanahealth.com.

Forecasting Stocks, Disease, Weather, Sales, All Made Easier With a Simple Algorithm

Posted on by Admin


A Tool for Predicting the Future – Helping Nonexperts Make Forecasts Using Data Collected Over Time

 

Adam Zewe | MIT News Office

 

Whether someone is trying to predict tomorrow’s weather, forecast future stock prices, identify missed opportunities for sales in retail, or estimate a patient’s risk of developing a disease, they will likely need to interpret time-series data, which are a collection of observations recorded over time.

Making predictions using time-series data typically requires several data-processing steps and the use of complex machine-learning algorithms, which have such a steep learning curve they aren’t readily accessible to nonexperts.

To make these powerful tools more user-friendly, MIT researchers developed a system that directly integrates prediction functionality on top of an existing time-series database. Their simplified interface, which they call tspDB (time series predict database), does all the complex modeling behind the scenes so a nonexpert can easily generate a prediction in only a few seconds.

The new system is more accurate and more efficient than state-of-the-art deep learning methods when performing two tasks: predicting future values and filling in missing data points.

One reason tspDB is so successful is that it incorporates a novel time-series-prediction algorithm, explains electrical engineering and computer science (EECS) graduate student Abdullah Alomar, an author of a recent research paper in which he and his co-authors describe the algorithm. This algorithm is especially effective at making predictions on multivariate time-series data, which are data that have more than one time-dependent variable. In a weather database, for instance, temperature, dew point, and cloud cover each depend on their past values.

The algorithm also estimates the volatility of a multivariate time series to provide the user with a confidence level for its predictions.

“Even as the time-series algorithm can effectively capture any time-series structure out there, data becomes more and more complex. It feels like we have found the right lens to look at the model complexity of time-series data,” says senior author Devavrat Shah, the Andrew and Erna Viterbi Professor in EECS and a member of the Institute for Data, Systems, and Society and of the Laboratory for Information and Decision Systems.

Joining Alomar and Shah on the paper is lead author Anish Agrawal, a former EECS graduate student who is currently a postdoc at the Simons Institute at the University of California at Berkeley. The research will be presented at the ACM SIGMETRICS conference.

 

Adapting a New Algorithm

Shah and his collaborators have been working on the problem of interpreting time-series data for years, adapting different algorithms and integrating them into tspDB as they built the interface.

About four years ago, they learned about a particularly powerful classical algorithm, called singular spectrum analysis (SSA), that imputes and forecasts single time series. Imputation is the process of replacing missing values or correcting past values. While this algorithm required manual parameter selection, the researchers suspected it could enable their interface to make effective predictions using time series data. In earlier work, they removed this need to manually intervene for algorithmic implementation. 

The algorithm for single time series transformed it into a matrix and utilized matrix estimation procedures. The key intellectual challenge was how to adapt it to utilize multiple time series.  After a few years of struggle, they realized the answer was something very simple: “Stack” the matrices for each individual time series, treat it as a one big matrix, and then apply the single time-series algorithm on it.

This utilizes information across multiple time series naturally — both across the time series and across time, which they describe in their new paper.

This recent publication also discusses interesting alternatives, where instead of transforming the multivariate time series into a big matrix, it is viewed as a three-dimensional tensor. A tensor is a multi-dimensional array, or grid, of numbers. This established a promising connection between the classical field of time series analysis and the growing field of tensor estimation, Alomar says.

“The variant of mSSA that we introduced actually captures all of that beautifully. So, not only does it provide the most likely estimation, but a time-varying confidence interval, as well,” Shah says.

 

The Simpler, the Better

They tested the adapted mSSA against other state-of-the-art algorithms, including deep-learning methods, on real-world time-series datasets with inputs drawn from the electricity grid, traffic patterns, and financial markets.

Their algorithm outperformed all the others on imputation and it outperformed all but one of the other algorithms when it came to forecasting future values. The researchers also demonstrated that their tweaked version of mSSA can be applied to any kind of time-series data.

“One reason I think this works so well is that the model captures a lot of time series dynamics, but at the end of the day, it is still a simple model. When you are working with something simple like this, instead of a neural network that can easily overfit the data, you can actually perform better,” Alomar says.

 

The impressive performance of mSSA is what makes tspDB so effective, Shah explains. Now, their goal is to make this algorithm accessible to everyone.

One a user installs tspDB on top of an existing database, they can run a prediction query with just a few keystrokes in about 0.9 milliseconds, as compared to 0.5 milliseconds for a standard search query. The confidence intervals are also designed to help nonexperts to make a more informed decision by incorporating the degree of uncertainty of the predictions into their decision making.

For instance, the system could enable a nonexpert to predict future stock prices with high accuracy in just a few minutes, even if the time-series dataset contains missing values.

Now that the researchers have shown why mSSA works so well, they are targeting new algorithms that can be incorporated into tspDB. One of these algorithms utilizes the same model to automatically enable change point detection, so if the user believes their time series will change its behavior at some point, the system will automatically detect that change and incorporate that into its predictions.

They also want to continue gathering feedback from current tspDB users to see how they can improve the system’s functionality and user-friendliness, Shah says.

“Our interest at the highest level is to make tspDB a success in the form of a broadly utilizable, open-source system. Time-series data are very important, and this is a beautiful concept of actually building prediction functionalities directly into the database. It has never been done before, and so we want to make sure the world uses it,” he says.

“This work is very interesting for a number of reasons. It provides a practical variant of mSSA which requires no hand tuning, they provide the first known analysis of mSSA, and the authors demonstrate the real-world value of their algorithm by being competitive with or out-performing several known algorithms for imputations and predictions in (multivariate) time series for several real-world data sets,” says Vishal Misra, a professor of computer science at Columbia University who was not involved with this research. “At the heart of it all is the beautiful modeling work where they cleverly exploit correlations across time (within a time series) and space (across time series) to create a low-rank spatiotemporal factor representation of a multivariate time series. Importantly this model connects the field of time series analysis to that of the rapidly evolving topic of tensor completion, and I expect a lot of follow-on research spurred by this paper.”

 

Suggested Reading



Are Economic Excesses Creating Investment Opportunity?

Retail Investors May Soon See More Safety Measures Including Coursework and Testing





How Your Data is Used to Generate Big Returns

What Makes a Country a Tax Haven?

 

Stay up to date. Follow us:

 

Waterbury South Uranium Targets Extended in Latest Winter Drill Program

Posted on by Admin



Waterbury South Uranium Targets Extended in Latest Winter Drill Program

Research, News, and Market Data on CanAlaska Uranium

 

 Strong Clay and Sulfide Alteration Halo Associated With Previously Discovered Polymetallic Uranium Mineralization Extended

 Structurally-Complex Area Identified in Sandstone and Deep Into Basement

 Update on Corporate Activities in the Athabasca Basin and Thompson Nickel Belt

 Vancouver, Canada, March 31, 2022 – CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) (“CanAlaska” or the “Company”) is pleased to announce the successful completion of the 2022 drilling program at its 100%-owned Waterbury South uranium project. The project is located approximately 10 km southeast of the producing Cigar Lake uranium mine in the Eastern Athabasca Basin (Figure 1).

 

Figure 1 – Property location map for the Waterbury South project.

The drill program was focused on extending and understanding the geological controls of the polymetallic unconformity uranium mineralization associated with nickel, arsenic, cobalt, and zinc, intersected during the previous 2021 winter drill program (see News Release dated June 17, 2021). Program objectives were successfully met with the completion of six drill holes totalling 2,787 metres (m). Results indicate a structurally-complex fault system that extends the footprint of previously intersected strong sandstone and deep basement alteration.

 

Figure 2 – Drillhole section along WAT009 and WAT010 showing the distribution of the strong alteration
and structure in the lower sandstone and basement along the fence.

Drillhole WAT010, drilled along the same fence as WAT009, targeted the unconformity projection of strong faulting intersected in the basement of WAT009. WAT010 intersected the unconformity target approximately 52 m north of WAT009 on section. The drillhole intersected a strongly altered and structured lower sandstone column with strong bleaching, pyrite, clay alteration, secondary hematite, desilicification, and clay-replaced sandstone (Figure 2). Strong bleaching and chlorite alteration extends over 60 m into the basement on WAT 010 and is associated with quartz-carbonate healed breccias that contain brittle reactivation . Based on the intensity of structure and alteration in the sandstone column, WAT010 is interpreted to have overshot the ideal target at the unconformity. The results on this fence from both 2021 and 2022 drilling indicate that strong hydrothermal alteration and fault structures are present above the unconformity and extend deep into the basement indicating the possible presence of a large mineralizing event nearby.

Drillhole WAT012  to the east of WAT010 confirmed the strike extension of strong alteration within WAT009 and WAT010. WAT012 intersected the unconformity approximately 55 m east of WAT009 (Figure 3). The lower sandstone column contains a five metre wide zone of strong hydrothermal alteration including bleaching, patches of strong black sulfide alteration, clay and chlorite, similar to WAT009 and WAT010. The strong bleaching and clay alteration extends into the upper four metres of the basement. Nearly 70 m below the unconformity, a series of 1 to 4 m wide strongly graphitic and re-activated fault zones characterized by broken core and quartz-carbonate healed breccias were intersected indicating further evidence of a major graphitic fault system in the basement. WAT012 is interpreted to have undershot the ideal target at the unconformity. WAT 014 was drilled to test the structural complexity in the area; it intersected bedding-controlled sulfide alteration throughout the lower sandstone column.

 

Figure 3 – Map of the Waterbury South project shows the complex structural relationship between
the drillholes completed to date and the currently defined sandstone alteration.

The drillholes completed during the program show evidence for multiple orientations of re-activated fault structures. These fault structures are parallel and cross-cutting to the basement stratigraphy in the area. In other uranium deposits such as Eagle Point, cross-cutting and splay faults play a very important role in controlling and localizing fluid movement along the main graphitic strucures. In the case of Eagle Point, these cross-cutting and splay structures can be strongly altered and mineralized for several hundred metres away from the mine area. The sandstone and deep basement faults with strong alteration are indicative of the presence of hydrothermal processes generally associated with a uranium mineralizing event. Given the structural complexity encountered in the 2022 program, the Company is investigating use of high resolution geophysical surveys to plan the next phase of drilling.

Geochemical assay results for the 2022 drilling program are pending.

CanAlaska VP Exploration, Nathan Bridge, comments, “The CanAlaska team set out to understand the controls on the previously discovered polymetallic unconformity uranium mineralization in WAT009. The strong alteration system in WAT009, that is host to high-grade nickel-sulfides and associated uranium mineralization, was extended to the east and remains open in several directions. The Waterbury South area is structurally-complex, with multiple fault orientations and deep basement alteration that suggests multiple periods of reactivation and hydrothermal fluid-movement, key to uranium deposit formation in the Athabasca Basin. The results obtained during this drill season are promising and several kilometers of strike length remain open along this structural corridor.”

 CanAlaska CEO, Cory Belyk, comments, “The 2022 program significantly increased our knowledge of the polymetallic uranium mineralization drilled in 2021. Continuation of strong sandstone and deep basement alteration along major structures is very encouraging and is an important aspect in nearly all uranium deposits in the Basin, specifically basement-hosted uranium deposits such as Eagle Point, where altered and mineralized cross-structures extend for several hundred metres away from the main deposit. The team did a great job of working out the geology and results from this program have generated nearby targets for the next round of drilling.”

 

Corporate Update

West McArthur Drill Preparation:

The Company has nearly completed its detailed Stepwise Moving Loop Time Domain Electromagnetic Survey (TDEM) on its West McArthur Joint Venture project. The geophysical survey is part of the approved $5 million 2022 exploration program. Preliminary survey results show multiple strong conductive responses along the Grid 5 trend that appear to be associated with newly interpreted potential folds and fault structures. The Company anticipates the program will be complete in early April and targets from the survey will be ready for drill testing during the upcoming summer exploration program.

Key Extension Ground Gravity Survey:

A ground gravity survey at the Company’s new Key Extension project is over 50% complete. Preliminary processing of the data has identified a series of gravity low features that are associated with conductors on the property. These initial results are encouraging as this association is common in many basement-hosted uranium deposits. The Company plans to release the results of the survey once the full data set has been received and final processing has been completed in preparation for the inaugural drilling program later in the year.

Manibridge Drill Program

Drilling at the Company’s Manibridge project is ongoing. The drilling program is being fully funded by Metal Energy Corp. as part of a staged earn-in option agreement. Metal Energy have earned a 49% interest in the property and have elected to proceed with the 70% earn-in option. CanAlaska is the current operator on the project and drilling is ongoing.

Hunter Geophysics

In the Thompson Nickel Belt, the Company is preparing for an airborne VTEM survey on it’s 100%-owned Hunter nickel project.

 

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) holds interests in approximately 300,000 hectares (750,000 acres), in Canada’s Athabasca Basin – the “Saudi Arabia of Uranium.”  CanAlaska’s strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company’s properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world’s richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds.

The qualified technical person for this news release is Nathan Bridge, MSc., P.Geo., CanAlaska’s Vice President, Exploration.

For further information visit www.canalaska.com.

On behalf of the Board of Directors

“Peter Dasler”
Peter Dasler, M.Sc., P.Geo.
President
CanAlaska Uranium Ltd.

Contacts:

Peter Dasler, President
Tel: +1.604.688.3211 x 138
Email: info@canalaska.com

Cory Belyk, CEO and Executive Vice President
Tel: +1.604.688.3211 x 138
Email: cbelyk@canalaska.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Axcella Therapeutics (AXLA) – Axcella Reports FY2021 With Clinical Data Expected In 2H22

Posted on by Admin

Thursday, March 31, 2022

Axcella Therapeutics (AXLA)
Axcella Reports FY2021 With Clinical Data Expected In 2H22

Axcella Health Inc. is a clinical-stage biotechnology company focused on treating complex diseases and improvinge health using endogenous metabolic modulator, or EMM, compositions. Its product candidates are comprised of multiple EMMs that are engineered in distinct combinations and ratios to simultaneously impact multiple biological pathways. The company’s pipeline includes two lead therapeutic candidates:, AXA1665 for the reduction in risk of recurrent overt hepatic encephalopathy (OHE) , and AXA1125 for the treatment of non-alcoholic steatohepatitis (NASH).

Robert LeBoyer, Vice President, Research Analyst, Life Sciences, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Financial Results Reported for 4Q and FY2021.  Axcella Reported a 4Q21 loss of $17.9 million or $(0.46) per share, bringing the full year loss to $64.6 million or $(1.70) per share. Clinical trial enrollment is progressing as expected, with data announcements expected in 2H22. The company reported cash of $55.0 million on December 31, excluding the registered direct offering of $25.0 million completed in March 2022.

    Long COVID Phase 2a Trial Has Begun Axcella has begun enrolling patients in a Phase 2a trial designed to test AXA1125 on Long COVID symptoms of fatigue and muscle weakness.  This double-blind placebo-controlled trial treats patients with either AXA1125 or placebo for 28 days. It has a target enrollment of 40 patients, with endpoints including measures of muscle recovery time after exertion …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

 

Flotek Industries (FTK) – Results slightly below expectations but story has shifted to new partnership

Posted on by Admin

Thursday, March 31, 2022

Flotek Industries (FTK)
Results slightly below expectations but story has shifted to new partnership

Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people. Flotek Industries, Inc. is a technology-driven, specialty chemistry and data company that helps customers across industrial, commercial and consumer markets improve their Environmental, Social and Governance performance. Flotek’s Chemistry Technologies segment develops, manufactures, packages, distributes, delivers, and markets high-quality cleaning, disinfecting and sanitizing products for commercial, governmental and personal consumer use. Additionally, Flotek empowers the energy industry to maximize the value of their hydrocarbon streams and improve return on invested capital through its real-time data platforms and green chemistry technologies. Flotek serves downstream, midstream and upstream customers, both domestic and international. Flotek is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK.” For additional information, please visit Flotek’s web site at www.flotekind.com.

Michael Heim, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Results below expectations. Flotek reported 4Q and 2021 revenues near expectations but higher COGS and SGA costs meant EBITDA and earnings were below our forecasts. Adjusted EBITDA for the fourth quarter and year were $(5.7) million and $(25.1) million respectively versus our estimates of $(4.1) and $(18.4) million. Net income was $(16.2) million and $(30.5) million versus our $(4.4) million and $(18.6) million due mainly to a $8.1 million goodwill impairment charge.

    Energy Chemistry results were good but Data Analytics took a step back.  Energy Chemistry revenues in the December quarter grew 32% quarter over quarter, well above our 15% estimate. Unfortunately, Data Analytics revenues in the most recent quarter declined 27% quarter over quarter and 53% year over year versus our estimate for flat results. We still believe the Data Analytics division is a hidden …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

 

Gray Sets Date For First Quarter Earnings Release And Earnings Conference Call

Posted on by Admin



Gray Sets Date For First Quarter Earnings Release And Earnings Conference Call

Research, News, and Market Data on Gray Television

 

ATLANTA, March 31, 2022 (GLOBE NEWSWIRE) — Gray Television, Inc. (NYSE: GTN) today announced that it will release its earnings results for the quarter ending March 31, 2022 on Friday, May 6, 2022.

 Earnings Conference Call Information
Gray Television, Inc. will host a conference call to discuss its operating results for the quarter ended March 31, 2022, on Friday, May 6, 2022. The call will begin at 11:00 a.m. Eastern Time. The live dial-in number is 1-855-493-3489 and the confirmation code is 8298523. The call will be webcast live and available for replay at www.gray.tv. The taped replay of the conference call will be available at 1-855-859-2056 Confirmation Code: 8298523 until June 6, 2022.

About Gray Television
Gray Television, Inc. is a multimedia company headquartered in Atlanta, Georgia. We are the nation’s largest owner of top-rated local television stations and digital assets in the United States that serve 113 television markets reaching approximately 36 percent of US television households. This portfolio includes 80 markets with the top-rated television station and 100 markets with the first and/or second highest rated television station. We also own video program companies Raycom Sports, Tupelo Honey, and PowerNation Studios, as well as Third Rail Studios.










Contact Data




Gray Contacts:
Website: www.gray.tv
Jim Ryan, Executive Vice President and Chief Financial Officer, 404-504-9828
Kevin P. Latek, Executive Vice President, Chief Legal and Development Officer, 404-266-8333



	


	





	

		
Alliance Resource Partners (ARLP) – Cash Flow Above All Else
			

				Posted on  by Admin			

			


	
			

			
	

		

  




  Wednesday, March 30, 2022


Alliance Resource Partners (ARLP)
Cash Flow Above All Else


Alliance Resource Partners LP operates as a coal mining company based in the United States. It functions through threesegments; Illinois Basin, Appalachia, and and Minerals. The Illinois Basin activity comprises of underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia and it makes up for most of the company’s revenue-generating operations. The Appalachia segment, on the other hand, consists of multiple operating segments, including the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining mining complex. The Minerals segment includes oil & gas mineral interests held by AR Midland and AllDale I & II.


Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.


Refer to the full report for the price target, fundamental analysis, and rating.


    

    Initiating coverage.  Alliance Resource Partners is a diversified natural resource company that generates revenue from the production and marketing of coal, and royalty income from coal, oil, and gas mineral interests located in favorable producing regions across the United States. Strong cash flows generated by the company’s operations are expected to support continued growth in its oil and natural gas royalty business, along with diversification into green energy sources that may include strategic minerals and metals, electric vehicle charging infrastructure, wind, and/or solar.
  
    

    Strong cash flow growth profile.  Demand for coal, oil, and gas remains robust and prices have risen in recent quarters. Free cash flow in 2021 was $302.2 million, well above capital expenditures of $123 million. In 2021, Alliance paid down over $100 million of debt and recently increased its quarterly cash distribution to unitholders by 25% to $0.25 per unit, or $1.00 on an annualized basis …
    

    

    
    
    
	    
  
    

    

    



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



  *Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 






  



 

	


	





	

		
Ayala Pharmaceuticals (AYLA) – Ayala Reports FY21 and Reiterates Trial Data Expectations
			

				Posted on  by Admin			

			


	
			

			
	

		

  




  Wednesday, March 30, 2022


Ayala Pharmaceuticals (AYLA)
Ayala Reports FY21 and Reiterates Trial Data Expectations


Ayala Pharmaceuticals Inc clinical-stage oncology company focused on developing and commercializing small molecule therapeutics for patients suffering from rare and aggressive cancers, primarily in genetically defined patient populations. The company’s current portfolio of product candidates, AL101 and AL102, targets the aberrant activation of the Notch pathway with gamma secretase inhibitors. Its product candidate, AL101, is being developed as a potent, selective, injectable small molecule gamma secretase inhibitor, or GSI. It is also developing AL101 for the treatment of T-ALL, an aggressive, rare form of T-cell specific leukemia.


Robert LeBoyer, Vice President, Research Analyst, Life Sciences, Noble Capital Markets, Inc.


Refer to the full report for the price target, fundamental analysis, and rating.


    

    Ayala Reported FY2021 Within Expectations  Ayala Reported FY2021 loss of $40.3 million or $(2.80) per share.  This compares with our estimate of a loss of $40.9 million or $(3.00) per share, as both R&D and General Expenses were slightly below our estimates.  Cash balance on December 31 was $37.3 million.
  
    

    One New Study Testing AL101 Is Underway, Another To Begin In 2H22.  The “Window of Opportunity” study testing AL101 in ACC (adenoid cystic carcinoma) has begun treating patients prior to surgery and radiation therapy. This is intended to reduce recurrence rates and improve long-term survival, as well as to define the mechanism and effects of AL101 on cancer. Separately, the Phase 2 trial in T-ALL …
    

    

    
    
    
	    
  
    

    

    



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



  *Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 






  



 

	


	





	

		
Information Services (III) – Expanding The Platform
			

				Posted on  by Admin			

			


	
			

			
	

		

  




  Wednesday, March 30, 2022


Information Services (III)
Expanding The Platform


ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 70 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com


Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.


Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.


Refer to the full report for the price target, fundamental analysis, and rating.


    

    A New Acquisition. ISG’s management announced yesterday the acquisition of privately-held Agreemint, an automated contracting solution company. A partner to ISG since 2021, Agreemint’s AI-powered contracting platform brings important new capabilities to the market-leading ISG GovernX vendor compliance and risk management solution and will be used by ISG to add value to future platform solutions now in development.
  
    

    What is Agreemint? As mentioned, Agreemint is a contracting solution company that uses AI to deliver automated contract authoring through a repository of legal positions to speed the process to contract.  Through its AI functionality, it enables users to negotiate better contracts, as it suggests language that is legal, governable, and agreeable to both parties, as well as anticipates language …
    

    

    
    
    
	    
  
    

    

    



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



  *Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.