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The site is live. . . .
https://idglobalcorp.io/
looks like a 200+mil wall at .0017, so unless that get's moved I don't see the price going anywhere with today's volume. . .
pretty low volume today and a lot of people in a hurry to sell at .0016 the day before website launch and possible notice of current filings. . . .doesn't make sense. . . but then again people like to chase. . .
we just jumped to .0032 for a notice of filings being made to go current. . . you never know. . . .
a little stale right now, might see some end of day buying to get us back to .0019/.002 as we head towards Friday. . . .
.0019's back up, looking to close over .002 today. . . .
WHEATON, IL / ACCESSWIRE / March 9, 2021 / IDGlobal Corp. (OTC PINK:IDGC) is pleased to announce a corporate update addressing status of Financials, Imminent acquisitions, and New management hires.
The company has retained counsel specializing in corporate structure to include the new OTC Markets requirements, retirement of existing restricted stock issuances, and the build-out of the Board of Directors.
The Board of Directors is in the final stages of acquiring majority ownership of a global management company, comprised of Fortune 500 executives, that manage every aspect of getting new technology products ready for retail, reaching the end user, the consumer, and building each retailers' product categories incrementally.
The Company is in the process of finalizing its decision between two highly qualified professional candidates to spearhead the leadership role of Noveda Technologies ' existing operations. The company completed a strategic investment in Noveda Technologies in July 2019 . The company acquired a majority stake in Noveda Technologies as part of this strategic investment.
Management has designed a new logo and has setup a new website which is currently set to launch on March 12, 2021 .
ABOUT NOVEDA Noveda Technologies is an innovative leader in real-time, web-based energy and water monitoring. The company's patented software solutions help reduce energy and water usage, optimize performance of renewable energy systems, and reduce the carbon footprint for customers across commercial, retail, government, education, and utility sectors. Noveda also offers sustainability communication tools that leverage social media to educate and empower stakeholder communities and make the smart grid a reality today. The company has users in over 33 countries with offices in the US, UK , India and Israel .
IDGC's Plan of Operations. IDGC is an emerging growth company under the JOBS Act of 2012 and, as a diversified holding company, will focus on emerging and middle market international investment opportunities through its subsidiaries. IDGC is in the process of acquisition interests, joint ventures, and licensing agreements with qualified companies and personnel within the Consumer, Commercial, Industrial products industries that will focus on Sales and Marketing, and Manufacturing and Distribution.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission . Please read the full disclaimer at www.idglobalcorp.io.
CONTACT: Email: idglobalinfo@gmail.com
SOURCE: ID Global Corporation
View source version on accesswire.com: https://www.accesswire.com/634231/IDGlobal-Corp-Announces-Corporate-Update
another nice close, let's get back over .002 tomorrow and .005 on Friday's website launch!
yeah I just saw that, hope it brings some more action next week. . .it's been a rough couple of weeks. . .
wow. . .50% drop from the high of the day, market is not looking good, maybe hold off on the updates here until things rebound. . .
surprised to be back at .001 today, if the market wasn't in the shitter we would be maintaining over .002
just about done with the .0019's
yeah it's always puzzled me how people will wait and sell on a day when stocks are down which adds to the stocks dropping. . . .if people were going to sell here then they should have sold at .003-.0032. . . .
Hard to believe we are back at .0011 today but the market has been in the shitter. . . .once that turns around we will be back over .002 and then over .005 with another update. . .
.0017's back up, not a whole lot, few buys could close us at .0018+
well it depends on how you look at it, some of the people in a tight spot should probably be buying something safer. . . .however if you waste the money on beer etc.. it is gone. . .so, yes, I'd rather spend it here if I had to choose between the 2.
Unfortunately there are a lot of financially challenged people in the world who see "free" money as a ticket to binge on drugs, alcohol or smokes. . . .instead of making that money work for them.
Also they don't realize that the Gov. will get that money back and then some through all these new taxes and they will end up worse off. . . .
yeah I see a big wall at .0016 which means nothing to me as I'm still holding. . . .
I wouldn't put too much into the L2, I've seen the MM's gaming the L2's. . . .I'm holding here, there is no reason to sell at this time. Once the filings are current and there is a plan in place or some kind of direction then would be the time to decide to stay or go. . . .market is down today and we are coming off of a Friday that saw a huge move. . . .looks stale right now between .0014-.0016, I think we'll be back over .002 this week. . .
yeah yeah, I'm still learning, I was hoping to get out at .001 but it never made it there. . .
yeah, the time to sell would have been over .003, dragging it down this morning to make much less and then hope to buy back in for .0003 less is not worth the hassle. . . .
there was a tweet on Friday stating that the were working on the filings which is why this went up. . .
IDGlobal Corp. is excited to share that we are currently working on the process of updating our financials with the goal of becoming pink current. $IDGC
— IDGlobal Corp (@IDGlobalCorpInc) February 19, 2021
yeah it's possible, I've seen some of these move fast. . .
Holding tight here. . .I used to be in INND and it went from .0002 to .098 in about 2 weeks. . . that being said, not sure who would have been selling at .0016/.0017. Would be nice to see a strong close at around .0022
that's new, it was under Cannabis previously
we are off the highs today, looks like some people settled and sold off. . . if you were looking to get in or add this would be a good time. . .looking to start heading back over .003 next week. . .
.003's up. . .
wow. . .big jump to .0025
Earnings
Strength in Deferred Revenue and Backlog Driven by Increased Budgetary Spending at U.S. K-12 Schools
Conference Call Scheduled for Today at 4:30 pm ET
TOCCOA, GA / ACCESSWIRE / February 16, 2021 / Galaxy Next Generation, Inc . (OTCQB:GAXY), a provider of interactive learning technology solutions, today announced the Company's operating and financial results for the fiscal second quarter and six months ended December 31, 2020 .
Key Financial Highlights for Six Months Ended December 31, 2020
Revenue increased 32% to $2.0 million
Deferred revenue of $1.0 million
Product Gross Margin of 50%
Gross Margin of 34% after freight and transit
Reduction in quarterly operating loss to $0.9 million (for the three months ended December 31, 2020 )
Total Assets increased to $5.6 million
Backlog increased to $2.0 million
Hired Consultant to monitor operations and growth, Now COO
Eliminated all convertible debt
Key Business Highlights for Six Months Ended December 31, 2020
Closed acquisition of Classroom Technology Solutions, Inc. ("CTS")
Fulfilled $1.5 million purchase order under its supply agreement from an OEM customer
Awarded Cov-Shield contract from a diocese in Western Pennsylvania
Partnered with Mid States Audio and Video for entrance into South Dakota
Expanded into California with initial Cov-Shield purchase order from Keyes Union School District
Launched G2 Adjust-A-Mount line of mounts and carts
Partnered with Strand4Kind, a non-profit anti-bullying coalition
Expanded into Missouri with initial Cov-Shield purchase order from school district in Southwest Missouri
Expanded to Australia with new distribution partnership with Technology Core, Inc.
Received commitment for up to $600,000 in Cov-Shield products from school district in Southern Texas
Awarded new $172,000 contract from Thompson County School District in Colorado
Added production and sales capabilities in Arizona
Added warehouses and sales offices in Jacksonville
Hired 4 new full-time employees
Summary Snapshot of 6 Months Financials
1st Half 2021
1st Half 2020
Revenue
$1,977,006
$1,501,426
Year-Over-Year Revenue Growth
32%
1%
Gross Profit
$672,766
$515,642
Adjusted Net Loss*
$(1,977,379)
$(2,088,886)
Management Commentary
"We continue to successfully build upon our solid start to our year, with 32% revenue growth through the first half of our fiscal year 2021, led by interactive panels, G2 communication software(s), and Cov-Shield protective products," commented Gary LeCroy , Galaxy's Chief Executive Officer. Despite the three months ended December 31, 2020 being traditionally our slowest time of year with schools being closed for the holidays, we greatly reduced our quarterly operating loss to $0.9 million . We continued to execute on our product and solutions strategy and closed on an asset purchase of Classroom Technology Solutions, a designer, manufacturer, importer, and integrator of audio-visual products, with headquarters in Jacksonville, Florida . Galaxy is gaining access to not only years of customer support to the CTS brands but also years of buying power from the CTS president, Cy Marshall . Cy joined the Galaxy team as part of the acquisition, along with 2 other full-time employees. His relationships with global vendors have already proven to be helpful to Galaxy's import activity by decreasing Galaxy's cost of goods, by an average of 50%, on several products sold under the G2 brands.
LeCroy concluded, "We believe this is just the beginning of a major technology turnover cycle in the K-12 education market, as increased school budgeting is now being spurred by additional federal monies. President Biden 's 200-page National Strategy for the Covid-19 Response and Pandemic Preparedness published on January 21, 2021 enables schools ability to tap disaster relief funds from the Federal Emergency Management Agency ("FEMA") for Covid-related expenses, such as sanitation, improved ventilation, reconfigured classrooms, and upgraded technology. President Biden also called on Congress to provide at least $130 billion in dedicated funding to schools and $350 billion in state and local relief funds to help school districts close budget gaps and provide additional resources for reopening. This commitment at the federal level to get schools safely reopened and the availability of funding should lead to increased opportunities for our in-classroom technology solutions and protective plexiglass Cov-Shields. The way our students learn continues to evolve, and we look forward to being a major participant in it."
Galaxy's Chief Financial Officer, Magen McGahee , stated, "We continue to experience strong demand for our products and services. As Gary mentioned, Q2 is historically our slowest quarter and our lowest report financially. This year had additional challenges with the election in November and the school closures happening again in December. However, we remain confident in our strategy, and we are executing against our innovation roadmap. We believe our understanding of high-performance interactive technology products positions us to effectively capitalize on the industry transition to remote classrooms. Our education customers have prioritized their traditional budgets, along with their new Stimulus budgets, towards IT spending, creating a more robust customer demand for remote enablement."
McGahee, concluded, "Our deferred revenue, backlog, and assets continue to increase and remain strong, a good indicator of future revenue trends. Our capital structure has greatly improved these past few months as we have eliminated all convertible debt. Any remaining debt is associated with related parties (i.e., executives, officers, insiders, or family members of executives/officers) or traditional banking forms such as our business line of credit or our accounts receivable financing. Our new equity investor is truly a "partner" in helping finance our Company's organic and potential acquisitive growth. Their structure aligns with all shareholders in that it is equity and allows us to better control the timing and pricing. We remain on plan to reach our goal of up-listing to a national U.S. exchange in the year 2021."
Shareholder Conference Call
Date: Tuesday, February 16, 2021 Time: 4:30 PM ET Dial-in: 1-888-506-0062 (Domestic) 1-973-528-0011 (International) Webcast: https://www.webcaster4.com/Webcast/Page/2559/39988
For those unable to participate during the live broadcast, a replay of the call will also be available through March 2, 2020 by dialing 1-877-481-4010 (domestic) and 1-919-882-2331 (international) and referencing the replay pin number: 39988.
Financial Results for the Six Months Ended December 31, 2020 :
Revenue for the six months ended December 31, 2020 was $2.0 million , an increase of $0.5 million or 32%, as compared to $1.5 million for the six months ended December 31, 2019 . Additionally, deferred revenue amounted to $1.0 million as of December 31, 2020 . Revenues increased due to the increase in the customer base for interactive panels and related products, as well as additional revenues from OEM customers and Covid related new products.
Gross profit for the six months ended December 31, 2020 was $0.7 million , an increase of $0.2 million or 30%, as compared to $0.5 million for the six months ended December 31, 2019 . The resulting gross margin was 34% for the three months ended September 30, 2020 , compared to 34% for the three months ended September 30, 2019 .
General and administrative expenses for the six months ended December 31, 2020 were $5.4 million , an increase of $0.8 million or 28%, compared to $4.6 million for the six months ended December 31, 2019 . Of note, $2.8 million represent consulting fees and employee compensation paid through the issuance of stock, which did not impact cash, for the six months ended December 31, 2020 .
Operating loss for the six months ended December 31, 2020 was $4.8 million , an increase of $0.7 million , or 16%, compared to $4.1 million for the six months ended December 31, 2019 . Operating loss for the six months ended December 31, 2020 included $2.8 million of non-cash stock-based compensation.
Other expenses for the six months ended December 31, 2020 were $16.1 million , an increase of $15.4 million , compared to $0.7 million for the six months ended December 31, 2019 . For the six months ended December 31, 2020 , this was comprised of $3.5 million negative change in fair value of derivative liability, $0.8 million interest accretion, and $11.9 million interest expense. Interest expense was due to sales of our common stock to investors under the Put Purchase Agreement and attributed to the increase in our debt. These were all non-cash expenses and recorded due to GAAP accounting.
Net loss for the six months ended December 31, 2020 was $20.9 million , an increase of $16.1 million , or 332%, compared to $4.8 million for the six months ended December 31, 2019 . The resulting loss per share for the six months ended December 31, 2020 was ( $0.011 ) per diluted share, compared to ( $0.331 ) per diluted share for the six months ended December 31, 2019 .
Non-cash contributing factors for the net loss incurred for the six months ended December 30, 2020 is as follows:
$2.8 million and $2.0 million represent consulting fees and employee compensation paid through the issuance of stock for the six months ended December 31, 2020 and 2019, respectively;
amortization of intangible assets for the six months ended December 31, 2020 totaling $0.2 million ;
change in fair value of the derivative liability related to convertible notes payable of $3.5 million and $2.0 million for the six months ended December 31, 2020 and 2019;
Interest accretion of $11.9 million and $2.0 million related to convertible notes payable and equity purchase agreement for the six months ended December 31, 2020 and 2019.
About Galaxy Next Generation, Inc.
Galaxy Next Generation (OTCQB:GAXY) is a provider of interactive learning technology solutions that allows the presenter and participant to engage in a fully collaborative instructional environment. Galaxy's products include Galaxy's own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices. Galaxy's distribution channel consists of 22+ resellers across the U.S. who primarily sell the Company's products within the commercial and educational market. Galaxy does not control where resellers focus their resell efforts, although generally, the K-12 education market is the largest customer base for Galaxy products - comprising nearly 90% of Galaxy's sales.
For additional information, please visit our website at www.galaxynext.us
Safe Harbor Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission . The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Investors Contact: IR@GalaxyNext.us 888-859-1274
SOURCE: Galaxy Next Generation, Inc.
View source version on accesswire.com: https://www.accesswire.com/630015/Galaxy-Next-Generation-Reports-Second-Quarter-and-Six-Months-Ended-December-31-2020-Fiscal-Year-2021-Results
just got back in here, wow, I see we hit .0022 . . . .check out CUBV, we could be looking at a move like that soon. . .slow and steady. .
.0016's creeping up. . .
we had quite a few .0015's go through today but were unable to get past. . .still heading in the right direction. . . .
gotta get some of these .0015's to start going through, this is where we got stuck last time. . .
looking to get pas the previous high of .0015 if people can hold on. . .
yeah, the last move we had here was a few taps at .0015, looking to see .002 on the next move up. . . .
.0012's coming up fast
lots of early volume and .001's creeping up
profits were the other day at .0014/.0015, pointless to sell on a down day, this will come back, it's not going to go over .01 in a week much less one day. . . .
so from .0009 to .0015 and today back to .0008/.0009, I guess a little pull back before the next leg up is good. . . .
little pop to .0015 there