Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
CSPI...👍Leading Western Intelligence Agency Looks to ARIA Cybersecurity to Protect Critical Assets From Sophisticated Cyberattack
A major intelligence agency is deploying AZT PROTECT to guard against a new wave of international cyberattacks
BOSTON, MA / ACCESSWIRE / November 9, 2023 / ARIA Cybersecurity Solutions, a CSPi business (NASDAQ:CSPi), announced today that a major western intelligence agency has selected AZT PROTECT™ to protect its critical intelligence gathering and analysis operations from cyberattack. This new contract builds on ARIA Cybersecurity's proven track record in providing security solutions for military and intelligence agencies around the world, including the U.S. Department of Defense (DoD).
AZT PROTECT will protect the agency's critical operations from the growing cybersecurity threat to operational technology (OT) from hostile nation states, terrorism, and organized cybercrime. The solution is the first of its kind developed to protect OT environments from attacks such as the one inflicted against software company SolarWinds in 2020. This attack, perpetrated by a criminal group with suspected links to Russia, spread to more than 200 organizations worldwide, including several U.S. government agencies. This attack including its ability to disable the world's leading EDR solutions provided the template for a wave of similar cyberattacks, which is putting the nation's critical infrastructure and intelligence data at risk.
"Government agencies are increasingly being targeted by a new wave of sophisticated cybercriminals-often linked to nation states such as North Korea, Russia, Iran and China-looking to disrupt government operations and gain access to highly sensitive intelligence," said Gary Southwell, Vice President and General Manager of ARIA Cybersecurity. "It is essential for intelligence agencies to process and analyze huge amounts of data to protect their homeland, which means protecting their critical applications at all times. AZT PROTECT is the only solution available today that allows intelligence agencies to ensure protection against even never-seen-before attacks without disrupting operations or requiring lengthy and costly implementation."
AZT PROTECT was launched in July 2023 to specifically address this new type of cyberthreat. Unlike leading next-generation antivirus (NAV) and endpoint detection and response (EDR) solutions, AZT PROTECT is custom-built to protect against the most advanced zero-day and supply chain attacks, without the need for constant security patching. It reduces application vulnerability exploits to near zero by neutralizing threats in real time before they cause harm, using a revolutionary AI-driven patented technique for analyzing executable code, scripts, and processes.
As well as being adopted by government agencies, AZT PROTECT is being deployed in industrial settings that use OT to manage physical infrastructure supporting functions such as R&D, manufacturing, and distribution. A major Fortune-500 chemical manufacturer recently rolled out AZT PROTECT to protect its critical production applications.
"The vulnerability surface continues to grow, but most organizations with critical infrastructure lack the skilled staff needed to continuously patch and investigate issues, leaving them vulnerable to attacks that can cost millions in lost revenue and regulatory fines," added Southwell. "Current cybersecurity practices are not fit for purpose in this new era of advanced cyberattacks, creating a need for a new approach that automatically protects critical assets from harm during attack without relying on the flawed practice of traditional Next Gen AV solutions' constant security updates that no longer can keep up with today's nation-state AI generated attacks."
FTK...Nice report...Flotek Reports Third Quarter 2023 Financial Results Driven by Strong Growth in Net Income and First Positive Adjusted EBITDA Quarter Since 2018
HOUSTON, Nov. 7, 2023 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced operational and financial results for the third quarter ended September 30, 2023, highlighted by significant improvement in all profitability metrics, including net income and the first quarter of positive adjusted EBITDA(1) since the third quarter of 2018. The third quarter results build upon the Company's financial and operational momentum with nearly all financial metrics showing strong year-over-year growth.
Third Quarter 2023 Highlights
Reported net income of $1.3 million, or $0.04 per diluted share, compared to a net loss of $18.8 million or ($1.50) per diluted share for the third quarter of 2022.
Achieved positive adjusted EBITDA(1) of $3.4 million, an increase of $11.8 million compared to the third quarter of 2022. This is the ninth consecutive quarter of improvement and marks the first quarter of positive adjusted EBITDA since the third quarter of 2018.
Reported gross profit of $9.0 million and adjusted gross profit(1) of $10.3 million marking the third consecutive quarter of positive results in both metrics. Gross profit margin and adjusted gross profit margin(1) for the third quarter of 2023 improved to 19% and 22%, respectively.
Strengthened liquidity through an Asset Based Loan, which was increased from $10.0 million to $13.8 million in October.
Solidified the senior leadership team with the addition of four key members that bring substantial experience and strategic focus on sales, supply chain, people and data analytics.
Completed move to new company headquarters, which is expected to result in annual savings of approximately $1 million.
(1)
A non-GAAP financial measure. See the "Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings" section in this release for more information, including reconciliations to the most comparable GAAP measures.
Full Year 2023 Outlook
Flotek is updating its full year 2023 guidance as follows:
Adjusted gross profit margin(2) is expected to increase to 12% to 14%, up from the previous range of 8% to 10%.
Total revenues are expected to be $185 million to $200 million, compared to a previous estimate of $210 million to $230 million. The decrease in revenue guidance is due to an overall market slowdown in upstream onshore activity as reflected by the reduction in drilling rigs and completion fleets operating. Specifically, the U.S. land rig count is down 19% and frac fleet activity is down 12% from the third quarter of 2022. Despite this market slowdown, the Company's non-ProFrac chemistry revenues have grown each quarter in 2023 and increased another 5% during the third quarter of 2023.
(2)
A non-GAAP financial measure. See the "Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings" section in this release for more information, including reconciliations to the most comparable GAAP measures. We are unable to reconcile this forward-looking non-GAAP financial measure to the most directly comparable GAAP financial measure without unreasonable efforts, as we are unable to predict with a reasonable degree of certainty the impact of certain items that would be expected to impact the GAAP financial measure, including, among other items, the future amortization of our contract assets, certain stock-based compensation costs and the impact of the revaluation of certain liabilities, which is based upon our future stock price. These items do not impact the non-GAAP financial measure.
Management Commentary
Chief Executive Officer Dr. Ryan Ezell commented, "I'm pleased with our third quarter results as we delivered significant improvement in nearly all financial metrics highlighted by quarterly adjusted EBITDA turning positive for the first time in five years. These results build upon the strong financial and operational momentum we have established this year through the execution of our strategy to be the collaborative partner of choice for innovative chemical and data solutions. We also achieved a significant milestone with the closing of an Asset Based Loan that augments our liquidity and supports our future business and growth objectives. Most importantly, we executed these milestones with no recordable safety incidents in the field of operations."
"We continue to expand our market share and margins despite industry headwinds as the importance of maximized production and rate-of-return for each well completion moves to the forefront of focus for operators. This plays to the strength of Flotek's differentiated technologies that target improved recovery from each reservoir."
Third Quarter 2023 Financial Results
Revenue: Flotek reported total revenues of $47.3 million for the third quarter of 2023, which was an increase of 4% compared to total revenues of $45.6 million for the third quarter of 2022. The Company's non-ProFrac chemistry revenues have grown each quarter in 2023 and increased 23% as compared to the year ago quarter. Revenues not attributable to ProFrac comprised 38% of total company revenues during the third quarter of 2023.
The Company's supply agreement with ProFrac contains minimum requirements for annual chemistry purchases. If the minimum contractual requirements are not met, the Company receives additional payments from ProFrac at the conclusion of the measurement period, which is currently June 1, 2023 through December 31, 2023. Based on recent activity, Flotek does not expect that the chemistry purchase requirements will be met during the measurement period, and as a result, third quarter and nine-month 2023 revenues include estimated expected additional payments from ProFrac under the contract.
Gross Profit (Loss): The Company generated gross profit of $9.0 million during the third quarter of 2023 as compared to a gross loss of $1.8 million for the third quarter of 2022. The improvement in third quarter of 2023 gross profit was the result of the estimated additional payments expected from ProFrac related to the minimum chemistry purchase requirements discussed above as well as the increase in transactional chemistry revenue during the quarter and continued initiatives to drive further cost improvements with respect to freight logistics and materials.
Adjusted Gross Profit (Non-GAAP)(1): Flotek generated adjusted gross profit of $10.3 million during the third quarter of 2023 compared to adjusted gross profit of $0.2 million for the third quarter of 2022. Adjusted gross profit for the nine months ended September 30, 2023, increased to $18.0 million as compared to a loss of $0.9 million for the nine-month period of 2022. Adjusted gross profit primarily excludes non-cash items, including amortization of contract assets, which reduces both revenue and gross profit.
Selling, General and Administrative ("SG&A") Expense: SG&A expense totaled $6.5 million for the third quarter of 2023 compared to $9.3 million for the third quarter of 2022. The 30% reduction in SG&A compared to the third quarter of 2022 was primarily the result of lower employee compensation expense as well as reduced legal and professional fees.
Net Income (Loss) and EPS: Flotek reported net income of $1.3 million, or $0.04 per diluted share, for the third quarter of 2023. This compares to a net loss of $18.8 million, or ($1.50) per diluted share, for the third quarter of 2022. Net income for the nine-month period ended September 30, 2023 was $22.6 million as compared to a net loss of $23.3 million for the comparable period of 2022. Net income/(loss) for the third quarter of 2022 and nine-month periods of 2023 and 2022 included non-cash gains/(losses) on the fair value measurement of convertible notes payable totaling ($4.3) million, $30.0 million, and $9.0 million, respectively.
Adjusted EBITDA (Non-GAAP)(1): Adjusted EBITDA was $3.4 million in the third quarter of 2023 as compared to negative $8.4 million in the third quarter of 2022.
(1)
See the "Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings" section in this release for more information, including reconciliations to the most comparable GAAP measures.
Balance Sheet and Liquidity
On August 14, 2023, the Company announced that it entered into an Asset Based Loan, providing initial credit availability of up to $10.0 million. During October, the credit availability was increased to $13.8 million based on the final appraised value of certain real estate assets pledged as collateral.
As of November 6, 2023, the Company's liquidity totaled $9.0 million, consisting of $2.6 million of cash and cash equivalents and $6.4 million of availability under the Asset Based Loan.
Conference Call Details
Flotek will host a conference call on November 8, 2023, at 9:00 a.m. CDT (10:00 a.m. EDT) to discuss its third quarter 2023 results. Participants may access the call through Flotek's website at www.flotekind.com under "Webcasts'' or by telephone toll free at 1-844-835-9986 (international toll: 1-412-317-5270) approximately five minutes prior to the start of the call. Following the conclusion of the conference call, a recording of the call will be available on the Company's website.
About Flotek Industries, Inc.
Flotek Industries, Inc. is an advanced technology-driven, green chemical and data analytics company providing unique and innovative completion solutions that have a proven, positive impact on sustainability and reducing the overall environmental impact of energy on air, land, water and people. Flotek has an intellectual property portfolio of over 170 patents and a global presence in more than 15 countries throughout North America, Latin America, the Middle East and North Africa. Flotek has established collaborative partnerships focused on sustainable and optimized chemistry and data solutions which improve well performance and allow its customers to generate higher returns on invested capital.
Flotek is based 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 www.flotekind.com.
https://ih.advfn.com/stock-market/NYSE/flotek-industries-FTK/stock-news/92489713/form-8-k-current-report
GTEC...Up 12% over the past week. Nice little bump. I'm w/ you on this one researcer, hoping for good results and another run on the stock.
DBGI...I've looked at the chart but the CEO spoke with such conviction in the LD Micro presentation and the numbers made so much sense, and the float is sooooooo low, I decided to spin the wheel (again). Made good profit on my last go around so we'll see what happens.
Here's the LD Micro presentation...
It's on Wednesday Oct 4th @ 5:00PM - 5:25PM (Track 1)
https://me23.sequireevents.com/
(I think the meat & potatoes are in the 2nd part of the presentation)
DBGI...I've been slowly accumulating since the LD Micro presentation. In the presentation they talked about the BOD wanting to take the company private because it is hugely undervalued. They did the presentation because they are a public comany and said they were hoping true value would show starting first couple Q's next year. Said no more need for cash raise.
I am not a subscriber to X (Twitter) so if anyone listens in please post a couple notes.
DBGI...Anyone want a heads up on today's cc all they have to do is listen to last months DBGI LD Micro conference presentation...
https://me23.sequireevents.com/
DBGI...Interesting news this morning...Digital Brands Group Announces Review of Strategic Alternatives
AUSTIN, Texas, Nov. 6, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced the Board of Directors has unanimously decided to initiate a formal review to explore strategic alternatives for the Company.
The comprehensive review will begin immediately and will evaluate a broad range of options to maximize shareholder value.
"Given the continued dislocation between Digital Brand Group's public market value and the intrinsic value of Digital Brands Group's underlying assets, we believe an evaluation of strategic alternatives is a prudent approach to ensure we are maximizing value for our shareholders," said Hil Davis, CEO of Digital Brands Group.
Management will host a conference call on Monday, November 6th at 11:00 a.m. ET to discuss this in more detail. The live conference call can be accessed at the following link, https://twitter.com/i/spaces/1nAKEavpAkAKL, from the U.S. or internationally.
Digital Brands Group has not set a deadline or definitive timetable for the completion of this process, and there can be no assurance that this process will result in any particular outcome. The Company does not intend to make any further announcements regarding this process unless it determines that further disclosure is appropriate and necessary.
SBOW....Thanx researcher. I had a small position and sold in the low$34's this morning. Wasn't big enough for me to hold on to.
SBOW...Looks like a good earnings report (at first glance)...What do you think researcher? I recently bought as a pre-earnings play.
https://finance.yahoo.com/news/silverbow-resources-announces-third-quarter-200500109.html
CSPI...I agree. This is huge BTuna. And the ultra-low float will keep this one interesting. Here are a couple notes from CSPi's last cc...
- As we move through the fiscal fourth quarter and expectations for fiscal 2024, we believe the success, reliability and consistency of our TS business will be complemented by the HPP business, primarily as the buzz being generated from our AZT PROTECT converts to orders, positioning us to significantly expand revenue and gross margins from this product line in fiscal 2024 and well beyond.
We believe our ability to develop this product that's unique and separates CSPI from other companies in the space, especially among larger players where we can identify a need and move on it quickly with limited development dollars. Other companies would need to evaluate and analyze the opportunity even with unlimited funds they may still lack the technical skills to develop something like AZT.
- As I mentioned before, we think it's going to be a significant growth driver for our company.
To summarize, we have generated substantial growth during the first nine months of our fiscal year. The launch of AZT is underway.
- Q&A
Brett Davidson
And the last thing, have there been any sales book yet on that AZT product? Or we're still looking out like Q4?
Gary Levine
Q4.
- Re: Overseas customers...
Joseph Nerges
Yes. Well, I've got that. That's great and I agree with you. But with this -- if they don't recognize -- if the potential of this AZT PROTECT product we just introduced, I mean, you should -- there should be a lot more serious discussions when this is now available for them in the future. We've got -- I mean --
Victor Dellovo
Yes, yes. There's a lot -- there's quite a few in the US that we're talking to, and they're going well. I'll just leave it as that.
CSPI...Today's news has meat on the bone...Still approx 5-6 weeks away from announcing their Q4 FY2023 results so hopefully we get at least one more announcement.
This is the biggest news of the year...
"The patented, AI-powered solution is being deployed by a large, Fortune-500 chemical manufacturer"
Here are names (and approx yearly revenues) of the "Chemical" compaies listed on the Fortune 500...
(Could very well be one of these companies. BTW, the smallest company listed on the Fortune 500 has $7B+ in yearly revenues.)
DOW...$57B
3M...$34B
Sherwin-Williams...$22B
Mosaic...$19B
PPG Industries...$18B
DuPont...$17B
Westlake...$16B
Ecolab...$14B
Air Products & Chemicals...$13B
International Flavors & Fragrances...$12B
CF Industries Holdings...$11B
Eastman chemical...$11B
Celanese...$10B
Olin...$9B
Huntsman...$9B
Albemarle...$7B
https://www.50pros.com/fortune500
CSPI...👍Leading Chemical Manufacturer Selects ARIA Cybersecurity AZT Solution to Protect Production Facilities
Fortune-500 chemicals manufacturer deploys AZT PROTECT™ solution from ARIA Cybersecurity to protect production applications from exploit and attack.
BOSTON, MA / ACCESSWIRE / October 30, 2023 / ARIA Cybersecurity Solutions, a CSPi business (NASDAQ:CSPI), has announced the first customer for its latest solution, AZT PROTECT™, which provides proactive cyberattack protection for Operational Technology (OT) environments. The patented, AI-powered solution is being deployed by a large, Fortune-500 chemical manufacturer to protect its critical production applications from all forms of attack, enabling production lines to continue running without disruption.
The customer selected AZT PROTECT to:
Protect its entire OT environment with the ability to immediately stop attacks before they cause harm.
Keep operations up and running without impact during attacks - avoiding what happened to Clorox (CLX) and other manufactures that are still reeling financially from recent cyberattacks1.
Deploy the solution and ensure total protection within minutes without taking any production lines offline.
Ensure that the solution cannot be disabled - as happened to leading cloud-based NextGen AV solutions during the SolarWinds attack.
AZT PROTECT is an AI-driven agent that protects critical applications and the devices on which they run from being harmed by attacks. The solution's patented approach stops the techniques attackers use to exploit vulnerabilities, as well as any form of adulteration/manipulation to the applications running on a protected device. It also allows approved applications to be locked down to block any unapproved applications from running, including any form of ransomware or zero-day malware. In addition, it stops the techniques used in supply chain and sophisticated nation state-based attacks that have proliferated in recent years.
"ARIA's AZT PROTECT solution is simple to deploy and operate, which is ideal for understaffed and over-burdened manufacturing production environments," says Gary Southwell, General Manager of ARIA Cybersecurity. "AZT PROTECT does all the work automatically to stop the attacks before they can execute, and then reports what happened. This is an ideal way to comply with the SEC's new rules forcing reporting of ‘material breaches' - providing proof that a given breach did not do material harm and therefore did not require a Form 8-K filing."
LOLOL...😂
CXDO...Snom Americas Achieves Certification with Crexendo’s NetSapiens Platform, Elevating Telecom Reseller Capabilities and Distributor Opportunities
LAS VEGAS, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Snom Americas, a renowned telecommunications company, has announced its certification to align with Internet Telephony Service Providers (ITSPs) deploying the Crexendo® NetSapiens Softswitch. This development empowers telecom resellers within the NetSapiens Platform Partner Community to extend Snom's comprehensive DECT and SIP phones to their customers, including Crexendo, the parent company of NetSapiens, and the many other Internet Telephony Service providers selling SIP-based Voice over IP communications across the Americas deploying the NetSapiens Platform.
This certification was announced at the Crexendo User Group Meeting (UGM), a recognized NetSapiens® Platform Event, with the introduction of NetSapiens Platform Version 44. With the certification, Zero Touch Provisioning (ZTP) is now active across all Snom next-gen D-series and M-series products, making Snom phones ready to work right out of the box for resellers and their customers.
“This integration epitomizes Snom's unwavering endeavor to create a favorable ecosystem for telecom resellers and channel distributors,” said Marc Magliano, Vice President of Channel Business at Snom Americas, said. “Our alliance with Crexendo and NetSapiens is a significant leap towards a more interconnected and resourceful telecom landscape.”
Both Snom DECT and SIP phones have achieved certification by Crexendo for the NetSapiens Platform after rigorous testing and verification. The certification encompasses Snom's next-gen D7xx series, M100, and M500 DECT Base Stations, all demonstrating seamless interoperability with the NetSapiens Platform.
The NetSapiens certification is a testament to the quality and reliability of Snom products, ensuring telecom resellers within the NetSapiens Platform Partner Community can confidently offer these devices to their customers. This achievement is also a significant endorsement of Snom's product line and a crucial step in fostering a robust and collaborative ecosystem within the telecom industry.
“The compatibility of Snom phones with our NetSapiens Platform is exemplary, embodying a high standard of telecom interoperability,” said Chris Aaker, Crexendo’s Vice President of Engineering. “The certification of Snom’s line of phones is a testament to the ongoing commitment of both companies to drive innovation and significantly widens the range of phones for telecom resellers, ensuring a seamless and enriched experience for the end-users.”
This initiative by the two companies is a harbinger of numerous innovations on the horizon aimed at amplifying telecom reseller opportunities and channel distributor experiences. Snom Americas continues to spearhead the effort in amalgamating technological advancements with pragmatic telecom solutions, constantly aspiring to deliver unparalleled value to its stakeholders.
About Snom
As a pioneer and a leading brand of professional and enterprise VoIP phones, Snom provides a diverse collection of telecommunication products that elevate the business user experience through state-of-the-art technology and design. These business phones are sold through a wide network of trusted partners and are backed by North American-based training and support. Parent company VTech® is headquartered in Hong Kong and listed on the Stock Exchange of Hong Kong Limited (HKSE: 0303). For more information, please visit www.snomamericas.com. © 2023 VTech Communications, Inc.
Trademark Attribution:
All rights reserved. VTech® is a registered trademark of VTech Holdings Limited. Snom® is a registered trademark of Snom Technology GmbH. Use of Snom by VTech is under license. Third-party trademarks are the property of their respective owner.
About Crexendo
Crexendo, Inc. is an award-winning premier provider of cloud communication platform and services, video collaboration, and managed IT services designed to provide enterprise-class cloud solutions to any size business. Our solutions currently support over three and a half million end users globally. To learn more about Crexendo, visit www.crexendo.com.
https://www.globenewswire.com/news-release/2023/10/23/2764678/0/en/Snom-Americas-Achieves-Certification-with-Crexendo-s-NetSapiens-Platform-Elevating-Telecom-Reseller-Capabilities-and-Distributor-Opportunities.html
ISUN...iSun, Inc Partners with Cleantech Industry Resources...Partnership provides iSun with low-cost services and transformational growth opportunities
October 19 2023
iSun, Inc. (NASDAQ: ISUN) (the “Company” or “iSun”), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced a strategic partnership with Cleantech Industry Resources, LLC, a highly-automated provider of energy project development and engineering services. This partnership allows iSun to hone its expanding core turnkey EPC business, while CIR concentrates on its growing development-as-a-service and engineering services business. The arrangement is also designed to reduce any conflicts for iSun with its many developer partners, while CIR continues to work with a wide range of developers and renewable energy asset owners.
This strategic partnership also allows iSun to access CIR’s ultra low-cost services platform on a preferred basis. Additionally, iSun retains construction rights on all CIR’s internally developed and owned projects, as well as preferred partner status for CIR’s growing pipeline of EPC-related projects.
“We are excited about our strategic partnership with Cleantech Industry Resources, as we continue to be innovative in our approach to scaling our business,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “This new partnership allows iSun to expand our access to developmental assets that will fuel our project backlog for years to come, based upon CIR’s estimated pipeline of 5.25 GW, while also enabling us to more efficiently and cost-effectively move forward on our current pipeline of solar projects assets under development.”
CXDO...Crexendo and Nomadix Sign Strategic Distribution Agreement...
Expanding Hospitality-Ready Telephony Solutions to Market
PHOENIX, AZ and LOS ANGELES, CA / ACCESSWIRE / October 18, 2023 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platform and services, video collaboration, and managed IT services, and ??Nomadix® Inc?., bringing connected experiences to life, today announced the signing of a strategic distribution agreement.
This new partnership will combine Crexendo's more than 200 service provider partners with the expertise and solutions from Nomadix, including PMS integration - a module of its portfolio of internet gateways, to equip service providers with powerful joint offerings for hotels and guests that meet the stringent requirements of the hospitality telephony market. Crexendo partners will also be able to offer Nomadix Alerts, Nomadix Networks, and other complementary hospitality technology products to customers.
"Crexendo continues to execute on its diversified growth strategy, and our strategic partnership with Nomadix should substantially increase our reach and allow us to effectively expand into the hospitality market," said Jeff Korn, CEO of Crexendo. "This is a very exciting opportunity for Crexendo; I am convinced our joint integration will provide new value and opportunities to our partners and customers."
"At Nomadix, we take a better together approach to our product development, support and partnerships. As part of our new distribution partnership, our industry standard internet gateways and PMS integration, combined with Crexendo's vastly adopted telephony platform that supports over 3.5 million users, will create quality, cost-effective experiences for hotel customers," said Speleos Dravillas, Chief Revenue Officer at Nomadix.
Nomadix also recently exhibited and demonstrated its suite of hospitality solutions at the Crexendo User Group Meeting, A NetSapiens Platform Event, on October 16-19, 2023.
https://finance.yahoo.com/news/crexendo-nomadix-sign-strategic-distribution-130000087.html
PCTI...Congratulations nelson...You called it way back when...NICE!
CXDO...Crexendo: Revolutionizing Customer Experience: Unveiling the Untapped Value of Generative AI in CX...
(This AI stuff is not my area of exprtise, but damn, it is interesting. Nice to see Crexendo is on top of things. CXDO is currently 40%+ of my portfolio and I'm still accumulating shares when the share price drops below $2).
ACDC...Trading in the $9.20's this morning near the 52wk low of $9.01. After the Q2 results, I sold out, waited 30 days, and put the loses behind me for tax purposes.👍
Now I'm back in accumulation mode (buying shares lower than my previous avg) and hoping it pays off.
GTEC...Greenland Technologies (NASDAQ: GTEC) Announces A New Partnership With Quality Truck Center Following A String Of Successful Strategic Partnerships
EAST WINDSOR, NJ / ACCESSWIRE / October 5, 2023 / Greenland Technologies Holding Corporation (NASDAQ:GTEC) is a leading developer of innovative solutions for the material handling industry. The company focuses on developing and manufacturing electric industrial vehicles and drive train systems that improve efficiency and reduce emissions. Its goal is to provide high-quality and sustainable solutions for the material handling industry, addressing the need for cleaner and more efficient operations.
The company recently announced its partnership with Quality Truck Center, a commercial truck service center based in Egg Harbor City, New Jersey. This alliance is part of Greenland's ongoing efforts to meet the growing demand for its cutting-edge HEVI electric industrial vehicle product line. Quality Truck Center will now act as an approved service provider (ASP) for Greenland Technologies' HEVI vehicles. This strategic collaboration aims to offer customer support in the mid-Atlantic region, catering to mechanical and electrical service needs as well as repairs and preventive maintenance for HEVI vehicles.
Raymond Wang, CEO of Greenland Technologies Holding Corp., shared, "The development of our Approved Service Provider network program is another major step forward as we continue to expand sales of our electric industrial vehicles. We believe that establishing a strong local Approved Service Provider network program will give our HEVI brand another important strategic advantage and make the decision to purchase one of our innovative, high-performance electric industrial machines from our sustainable HEVI product line even more compelling."
This announcement of Quality Truck Center joining HEVI's network of approved service providers comes after a string of strategic partnerships for Greenland Technologies. In June 2021, the company entered into a major strategic partnership with Shandong Zhongcha Heavy Industry Machinery, a multinational heavy machinery and automotive manufacturing company. This partnership was aimed at boosting revenue and strengthening Greenland Technologies' leadership position as a first-choice provider in the industry. The company has also recently announced a strategic partnership agreement with New Jersey based, Princeton NuEnergy for the recycling of lithium-ion batteries, further expanding its network of collaborations and reinforcing its commitment to sustainable practices.
Kevin Clifford, CEO of Quality Truck Center, commented, "HEVI has done an excellent job engineering an attractive, high-performance, high ROI electrical industrial vehicle product line. We share in the Company's vision for growth as customers continue to transition to electrical industrial vehicles given the ROI, performance and environmental considerations. We are excited to be formally partnered as a HEVI Authorized Service Provider in what is certain to be a fast-growing network program. This will allow us to leverage our expertise in mechanical, electrical service and repairs, as well as our commitment to preventative maintenance. We fully understand the importance of providing timely, efficient, and effective service to ensure our customers' operations run smoothly. Our team of experts is committed to working closely with HEVI to maintain the highest standards of quality, safety, and performance, as we strive to provide excellent local service and support to the HEVI customers in the mid-Atlantic region."
These strategic partnerships have played a significant role in Greenland Technologies' growth. By collaborating with industry-leading partners, the company has been able to leverage its expertise, resources and market reach to enhance its product offerings and extend its customer support capabilities. These partnerships showcase Greenland Technologies' commitment to its customers and to driving advancements in the field of electric industrial vehicles and drivetrain systems.
https://finance.yahoo.com/news/greenland-technologies-nasdaq-gtec-announces-120000652.html
ACDC...ProFrac Holding Corp. Announces Its Intent to Maximize Value of Alpine Silica
Additional Investment Made by the Wilks Family
WILLOW PARK, Texas, Oct. 2, 2023 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") today announces that it is evaluating strategic options to maximize and realize the full value of its Proppant Production segment, which operates through its wholly-owned Alpine Silica subsidiary. A variety of options are under strategic review, including a public offering, a sale or merger of Alpine Silica and/or a potential recapitalization.
"Vertical integration has always been part of our vision for ProFrac, which we believe provides a unique competitive advantage," stated Ladd Wilks, Chief Executive Officer. "Alpine Silica is a key component to this strategy and that will continue as we look at the right strategic option – one that we believe will benefit from our vertical integration while enhancing our commercial capabilities for unaffiliated customers."
Matt Wilks, Executive Chairman, said, "After our recent acquisitions, Alpine Silica is now the largest proppant producer in the industry with a multi-basin footprint. Alpine Silica has entered into multiple attractive long-term proppant supply contracts with unaffiliated customers ramping into 2024. As we continue to develop this contract position, we believe that Alpine Silica can support a different leverage profile and a significantly lower cost of capital as compared to the rest of ProFrac, yielding a higher valuation reflective of different business drivers."
In connection with its strategic review, the Company also announces that entities affiliated with its largest shareholders, the Wilks Family, have invested $50 million in perpetual convertible preferred equity securities (the "Preferred Equity") issued by the Company at a conversion price of $20.00 per share. Proceeds of the investment will primarily be used to reduce the Company's indebtedness. "This equity investment demonstrates the Wilks Family's unwavering confidence in ProFrac and facilitates optimizing the Company's capital structure by enabling a future potential separation of Alpine Silica," added Matt Wilks.
Commenting on the Wilks Investment, Lance Turner, Chief Financial Officer, said, "We are pleased that the Wilks Family continues to support ProFrac and is making this investment on very favorable terms for the Company with a conversion price that we believe more closely reflects the sum-of-the-parts valuation we are striving to unlock. By paying down some of our existing indebtedness, we expect to have the flexibility to pursue a separate capital structure for Alpine Silica that's better suited to a highly contracted business model."
Key terms of the preferred equity investment include:
Issuance of an aggregate of $50.0 million of perpetual preferred equity securities convertible into ProFrac Holding Corp. Class A common stock at a conversion price of $20.00 per share; and
Preferred Equity accrues interest at 8% annualized rate, payable quarterly and payment-in-kind ("PIK").
No specific timeline has been established for the completion of the evaluation of strategic alternatives for Alpine Silica. The Company noted that there can be no assurance that any transaction will take place. The Company does not intend to disclose developments with respect to the progress of its evaluation of any strategic options until such time as the Board of Directors has approved a transaction or otherwise deems disclosure required or appropriate.
The Company has retained Piper Sandler & Co. as its financial advisor and Brown Rudnick as its legal advisor in connection with its evaluation of strategic alternatives for Alpine Silica.
https://finance.yahoo.com/news/profrac-holding-corp-announces-intent-110000077.html
LOL...Good ol' Cheech & Chong.😶🌫️
GCT...Yes, breezed through it and sold some right after larrybaz posted it. (TY larrybaz). But was thinking that is a lot of cash to lay down for a fraudulent company. Of course the deal is not done yet.
GCT...The Noble House take over is to be done in cash, if GigaCloud is not outbid by oct 31, no? If that goes through seems legit at least on the cash side?? Their bid is on the table so wouldn't they have had to show proof of funds?
GCT...I also added. Current price $8.49.
CXDO...Crexendo Unveils Cutting-Edge Generative AI Technology Using ChatGPT...
PHOENIX, AZ / ACCESSWIRE / September 27, 2023 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services, today announced the launch of its new Generative AI technology features powered by ChatGPT in the Company's Contact Center solution.
By harnessing the power of AI and natural language processing, Crexendo's technology will enable real-time conversations that feel natural yet are dynamic enough to respond to complex requests, comments and questions. This new ability to both understand context in questions and respond with intelligent insights represents a significant step forward for Crexendo's communication platforms.These capabilities are now available through the digital engagement channels of the Company's CX CCaaS solution, and the solution is easily deployable to support the webchat function provided on end user customer's websites; the solution is available through Crexendo as well as its Partners who also deploy the CX platform.
The introduction of Crexendo's VIP CX is intended to further assist a business with its existing support staff and customers, aiding in user engagement and more efficiently managing inbound service requests. Through the enablement of a wide range of newly customizable features, this technology will help improve customer support, sales interactions and internal communications across industries.
"Crexendo partners can now offer a personalized, informative and engaging contact center experience built for their specific clientele," said Crexendo CEO Jeff Korn. "This innovation will revolutionize the way businesses engage, providing a personalized dimension of interaction that far exceeds the capabilities of traditional contact centers. Our launch of Generative AI using ChatGPT showcases our commitment to pushing the boundaries of technological innovation as we continue to listen to and anticipate the needs of our growing client base."
For more information on Crexendo's Generative AI technology and ChatGPT, please visit https://www.crexendo.com/vip/contact-center/
About Crexendo
Crexendo, Inc. is an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business. Our solutions currently support over three and a half million end users globally.
GTEC...From 'Quality Truck Center's' website...
Quality Truck Center continues to selectively move ahead. We are very excited to share we are moving into the off road equipment industry.
We are now representing Hevi Corp with a line of 100% electric loaders and mid size excavator.
Of all the EV work we have done over the last few years, this one we can show you clear ROI and how your operating costs are reduced utilizing the Hevi brand. Please reach out as we will be scheduling, on your site demos between now and December.
https://www.qualitytruckcenter.com/quality-truck-center-now-represents-hevi-corp-electric-loaders-and-mid-size-excavators
GCT...hweb, I listened to last week's Sodoti presentation over the weekend. Pretty good info.
Anyway, down 50% in 2 weeks??? I'll keep averaging down from here if it continues to drop,
Here are a couple notes...
- Changing domicile to US.... Starting Jan 2024, GigaCloud will file domestically.
- Stay tuned for news on additional product & services offering.
- Noble House acquisition (if the deal closes and GigaCloud is not outbid) will be an asset purchase w/ no liabilities unless they decide to take on certain liabilities). Should close on or around Oct 31. A cc will be announced to address a detailed plan. Nobal House has been in business for 30 years with strong sourcing relationships.
- Nice cash and cash flow
Link to presentation...
https://sidoti.zoom.us/webinar/register/WN_8--ECDZHR2CJy_8SNGA_ow.
GTEC...Greenland Technologies Announces Quality Truck Center has Joined HEVI's Approved Service Provider Network Program
EAST WINDSOR, N.J., Sept. 25, 2023 /PRNewswire/ -- Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced that Quality Truck Center, a network of truck dealerships based in Egg Harbor City, New Jersey, has joined its Authorized Service Provider (ASP) network program to support increased demand for the Company's growing HEVI electric industrial vehicle product line.
Quality Truck Center, through its sites across southern New Jersey and Pennsylvania, will provide local HEVI customer support in the mid-Atlantic region, covering all aspects of mechanical, electrical service and repairs, as well as preventative maintenance.
Raymond Wang, CEO of Greenland Technologies, commented, "The development of our Authorized Service Provider network program is another major step forward as we continue to expand sales of our electric industrial vehicles. We believe that establishing a strong local Authorized Service Provider network program will give our HEVI brand another important strategic advantage and make the decision to purchase one of our innovative, high-performance electric industrial machines from our sustainable HEVI product line even more compelling."
Mr. Wang continued, "It was important to us that we have trusted local partners trained on our specific vehicles and able to provide high-quality service and maintenance consistent with what our HEVI brand stands for. We are pleased to announce our formal partnership with Quality Truck Center. We share in our commitment to providing an excellent customer experience. The diligence and pride the Quality Truck Center team takes in all aspects of the customer relationship and service is consistent with what we do from vehicle design to manufacture and sale."
Kevin Clifford, CEO of Quality Truck Center, commented, "HEVI has done an excellent job engineering an attractive, high-performance, high ROI electrical industrial vehicle product line. We share in the Company's vision for growth as customers continue to transition to electrical industrial vehicles given the ROI, performance and environmental considerations. We are excited to be formally partnered as a HEVI Authorized Service Provider in what is certain to be a fast growing network program. This will allow us to leverage our expertise in mechanical, electrical service and repairs, as well as our commitment to preventative maintenance. We fully understand the importance of providing timely, efficient, and effective service to ensure our customers' operations run smoothly. Our team of experts is committed to working closely with HEVI to maintain the highest standards of quality, safety, and performance, as we strive to provide excellent local service and support to the HEVI customers in the mid-Atlantic region."
About Quality Truck Center
Quality Truck Center is a highly reputable truck dealership based in Egg Harbor City, New Jersey. Quality Truck Center provides top-quality new and used trucks, maintenance and repair services to businesses and individuals in the Mid-Atlantic region. In addition, Quality Truck Center provides the best in commercial truck rental and full-service leasing. Additional information about their services can be found at Quality Truck Center.
GCT...Just bought @ $9.15 & $9.17. This company looks quite interesting. Will look into it more over the weekend.
GTEC...I also had a limit order trigger @ $3.30 right before the close yesterday. Have more limits set if it continues to drop.
FLUX...Damn...Should've sold it all before the close (LOL)...Just listened to the cc and it was quite boring (one guy sounded like he was knawing on gum). And if I heard (understood) things correctly, the next reported Q is a weaker quarter.
FLUX...hweb...Nice call re: "sell the news reaction after today's pop". I actually thought the earnings would be a bit better but you never know. Did sell some before the close though but still hold approx 2/3's of my position.
Fortunately my avg is still below AHs share price.
FLUX...Flux Power Reports Fiscal Full Year 2023 Financial Results
Fiscal Full Year 2023 Revenue Increased 57% to $66.3 Million
Fiscal Full Year 2023 Gross Profit Increased 134% to $17.1 Million
Fiscal Full Year 2023 Net Cash Used in Operating Activities Decreased 85%
Strong Fortune 500 Customer Order Backlog
Management to Host Conference Call Today at 4:30 p.m. Eastern Time
VISTA, Calif., September 21, 2023--(BUSINESS WIRE)--Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has reported its financial and operational results for the fiscal fourth quarter and year ended June 30, 2023.
Net cash used in operating activities decreased 64% in Q4’23 compared to Q4’23 and 85% for the year ended June 30, 2023, compared to the year ended June 30, 2022.
Adjusted EBITDA loss decreased 73% in Q4’23 compared to Q4’22 and decreased 74% for the year ended June 30, 2023, compared to the year ended June 30, 2022.
Secured a new $15 million credit facility from Gibraltar Business Capital ("GBC") to fund working capital and to repay its existing credit facility with Silicon Valley Bank ("SVB").
Commenced implementation of Artificial Intelligence (AI) features for SkyBMS® Telematics Platform to drive more informed decision-making and maximize operational efficiency.
Opened a new Atlanta facility to supplement customer support services in response to growth in nationwide sales of lithium-ion battery packs, enabling faster response times to Flux Power’s nationwide customer base.
Strategic Supply Chain & Profitability Improvement Initiatives continued to accelerate the path to cash flow breakeven.
Completed UL Solutions compliance testing to obtain third-party, safety and durability certification for its next-generation clean energy battery technology.
Added three new customers having large fleets this past quarter and 8 new customers in 2023, reflecting customers desire to fulfill long-term fleet needs of replacing lead acid battery packs with lithium-ion.
CEO Commentary
"A high priority for us remains reaching cash flow breakeven, and we made good progress during fiscal 2023 by improving Adjusted EBITDA from a loss of $14.1 million in fiscal year 2022 to a loss of $3.7 million in fiscal year 2023, an improvement of $10.4 million. We executed on our initiatives to improve gross margins while continuing to grow our revenue at an annual rate of 57%. We added on average two new major customers each quarter while maintaining orders from existing customers.
"Managing our business growth and margin expansion has required careful priorities as part of our strategy to protect shareholder value. We migrated from our Silicon Valley Bank facility to a new $15 million credit facility with Gibraltar bank which provides lower interest rates, a two-year term, and the potential to expand the facility to $20 million to accommodate higher working capital needs as our business grows. This facility, along with our improvement in operating cash requirements, supports our current business growth. Additional credit support is provided by our unused $4.0 million subordinated line of credit ("Subordinated LOC").
"Turning to near-term developments, firstly, we are now working to implement Artificial Intelligence features and capabilities into our SkyBMS Telematics platform, which delivers insight into equipment fleet’s usage so customers can make more informed decisions to maximize operational efficiency. With AI, we can anticipate and resolve issues before they happen, addressing the number one driver in fleet management - minimizing downtime of the equipment. Secondly, we have begun a staged launching of our updated product platform that includes the rollout of "heavy duty" models for more demanding performance, which should provide added revenue opportunities.
"To supplement our customer support for almost 20,000 lithium-ion battery packs deployed nationwide we recently announced the opening of our new Atlanta facility. This facility will enable faster response times to our customer base with an effective service and call center capability. Investment in the Atlanta office broadens our geographic footprint to bring comprehensive and responsive services to customers in the eastern half of the U.S. while also, and importantly, resulting in significantly lower service logistics costs.
"As global supply chain disruptions have lessened, we decreased our inventory balance to $19.0 million as of June 30, 2023. We did experience a lengthening of forklift OEM delivery timelines in the material handling sector that partially offset our reductions to inventory levels. To address disruptions and reduce excess inventory we have improved lean manufacturing processes and supply chain management. We have launched an automated cell module production initiative to streamline cell module SKU management and facilitate adoption of future cell suppliers that have lower costs and new technologies.
"Looking ahead, we believe our current growth and cash initiatives provide the solid operating base to build the scale necessary to be the leading provider to large Fortune 500 material handling fleets. To leverage this growth strategy we are in the early stages of exploring and developing partnerships with vendors, technology partners, and opportunities to expand our business footprint. I look forward to additional announcements in the months to come as we strive to create long-term sustainable growth and shareholder value," concluded Dutt.
Q4’23 Financial Results
Revenue for the fiscal fourth quarter of 2023 increased by 7% to $16.3 million compared to $15.2 million in the fiscal fourth quarter of 2022, driven a higher volume of units sold with higher average selling prices, including a higher mix of Airport Ground Support Equipment "GSE" sales.
Gross profit for the fiscal fourth quarter of 2023 increased to $4.3 million compared to a gross profit of $3.0 million in the fiscal fourth quarter of 2022. Gross margin was 27% in the fiscal fourth quarter of 2023 as compared to 20% in the fiscal fourth quarter of 2022, reflecting higher volume of units sold with greater gross margin and lower cost of sales as a result of the gross margin improvement initiatives. Gross margin was sequentially lower in fiscal fourth quarter of 2023 than the third quarter, primarily reflecting a higher mix of lower margin products.
Adjusted EBITDA was a loss of $0.6 million in the fiscal fourth quarter of 2023 as compared to a loss of $2.2 million in the fiscal fourth quarter of 2022, driven by the improved gross margins.
Selling & Administrative expenses remained unchanged at $4.1 million in the fiscal fourth quarter of 2023, reflecting improving operating leverage for our ongoing revenue growth.
Research & Development expenses decreased slightly to $1.3 million in the fiscal fourth quarter of 2023, compared to $1.4 million in the fiscal fourth quarter of 2022, primarily due to lower expenses related to the development of new products.
Net loss for the fiscal fourth quarter of 2023 was $1.5 million as compared with a net loss of $2.7 million in the fiscal fourth quarter of 2022, with improvement principally reflecting increased gross profit, slightly offset by increased operating expenses and interest expense.
FY’23 Financial Results
Revenue for the fiscal year 2023 increased by 57% to $66.3 million compared to $42.3 million in the fiscal year 2022, driven by sales of energy storage solutions with higher average selling prices and a higher volume of units sold, driven by significant increases in GSE sales.
Gross Profit for the fiscal year 2023 increased to $17.1 million compared to a gross profit of $7.3 million in the fiscal year 2022. Gross margin was 26% in the fiscal year 2023 as compared to 17% in the fiscal year 2022, reflecting a higher volume of units sold with greater gross margin and lower cost of sales as a result of the gross margin improvement initiatives.
Adjusted EBITDA was a loss of $3.7 million in the fiscal year 2023 as compared to a loss of $14.1 million in the fiscal year 2022, driven by the improved gross margins.
Selling & Administrative expenses increased to $17.6 million in the fiscal year 2023 from $15.5 million in the fiscal year 2022, primarily attributable to increases in outbound shipping costs, depreciation expense, insurance premiums, severance expenses, new hires, partially offset by decreases in commissions, bad debt expenses, consulting fees, public relations expenses, and stock-based compensation.
Research & Development expenses decreased to $4.9 million in the fiscal year 2023, compared to $7.1 million in the fiscal year 2022, primarily due to lower expenses related to the development of new products.
Net loss for the fiscal year 2023 was $6.7 million as compared with a net loss of $15.6 million in the fiscal year 2022, with improvement principally reflecting increased gross profit, partially offset by increased operating expenses and interest expense.
Cash was $2.4 million at June 30, 2023, as compared to $0.5 million at June 30, 2022. Available working capital includes: our line of credit as of September 8, 2023, under our $15.0 million credit facility from Gibraltar Business Capital with a remaining available balance of $4.0 million; and $4.0 million available under the subordinated line of credit ("Subordinated LOC").
Net cash used in operating activities decreased to $3.6 million in fiscal year 2023 compared to $23.9 million in fiscal year 2022, primarily due to a decrease in net loss and an increase in accounts payable.
Fourth Quarter & Full Fiscal Year 2023 Results Conference Call
Flux Power CEO Ron Dutt and CFO Chuck Scheiwe will host the conference call, followed by a question-and-answer session. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of the Company’s website here.
FLUX...hweb...I'm thinking Flux could report record revenue. And since they are well on their way to generating free cash flow I'm not sure we'll see a "sell on news". But you never know. Comps should be decent.
Would love to see positive EPS but may have to wait till next Q.
Did you see the list of their costomers in the presentation link I posted? Pretty impressive.
Anyway, I'll look at earnings and listen to the cc and go from there.
FLUX..$4.65...Nice. FLUX is flexing this morning before earnings...Hoping they hit breakeven cash flow. If not, I'm pretty sure they will in their Q1FY24 which should be released in a couple months. Good growth stock though.
My avg is $4.25 a share so not too shabby.
We'll see how things look after the close.
GTEC...Been adding in the $3.30's this morning. Greenland has good cash, low PE, low OS & float, nice growth, and in a strong sector...So I say why not w/ a book value of $5.55 and a market cap of only $44M ?? This will be one I avg down on if the share price drops more.
What a STEAL this was when it was trading in the $1's !!!
FLUX...Interesting company...Up 6%+ today with their Q4/FY2023 earnings coming out tomorrow after the close. I've been slowly accumulating and think it's one to keep an eye on for long term growth. The sector is strong and Flux has been showing nice growth.
Flux Power designs, manufactures, and sells advanced lithium-ion energy storage electrification solutions for a range of industrial and commercial equipment including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets.
https://www.fluxpower.com/company#mission-1
Latest Presentation...
https://d1io3yog0oux5.cloudfront.net/_7c6c6ac5e3a6e976f82a3dc9f9d24391/fluxpower/db/2240/20845/earnings_presentation/Flux+Power+Q3%2723+Financial+Results+Conference+Call+Presentation+-+FINAL+-+5-11-2023+v2.pdf
Latest Q3 earnings PR...
https://finance.yahoo.com/news/flux-power-reports-3rd-quarter-200100241.html
CSPI....Added some back in high $16's. 🤞
CXDO...Crexendo Receives Multiple Industry Awards for VoIP, UCaaS and CCaaS Offerings
PHOENIX, AZ / ACCESSWIRE / September 20, 2023 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services, today announced its outstanding performance in G2's Fall 2023 Reports for VoIP, UCaaS and CCaaS as well as its win in the 2023 TMCnet Awards.
In G2's Fall 2023 Reports, the Crexendo® VIP™ platform for cloud business communications was ranked first for Usability and was honored with the Best Usability award for the third quarter in a row, celebrating its powerful, user-centric features. Crexendo also held the first-place position for Relationship and the Best Relationship award for the third consecutive quarter, showcasing the Company's dedication to building and maintaining exceptional customer relationships. The Company's first place ranking for Results earned it the Best Results award for the second quarter in a row, demonstrating Crexendo's relentless commitment to delivering outstanding solutions with tangible ROI.
Crexendo's consistently positive reviews from verified users have culminated in a remarkable 4.9 out of 5-star rating, sustained over seven successive quarters. The Company's impressive achievements in G2's Fall 2023 Reports reinforce its reputation as the first choice for organizations seeking an unparalleled customer experience and a robust, user-friendly cloud business communications platform.
In the 2023 TMCnet Awards, Crexendo was named a winner of the Remote Work Pioneer Award, reflecting the value of its solutions for remote and hybrid workplaces. The Company was also named a winner of the Product of the Year Award, presented by INTERNET TELEPHONY magazine, for Crexendo's NetSapiens® SNAPsolution UCaaS platform.
"The industry recognition of our offerings is a testament to the quality of our products and services as well as the trust our clients and partners have in our ability to deliver," said Crexendo CEO Jeff Korn. "We see these honors and awards as inspiration to keep pushing boundaries and delivering exceptional experiences, and we will use this recognition as fuel to drive even greater achievements in the future."