Blog - Page 5026 of 5485

MondayAug 13, 2007 6:13 pm

Autobytel Races Ahead

Leading Internet automobile marketing company Autobytel Inc. (NASDAQ: ABTL) jumped 13.9 percent to $2.99 a share today, moving fast on the second quarter 2007 financial results the company released earlier this morning. According to the company's second quarter financials, revenue from "continuing operations" actually dropped from $25.1 million in 2006 to $24.3 million in 2007. Lead fees also dropped; in 2006, they represented 71 percent of total revenues, whereas they only represent 69 percent in 2007. Still, the company did manage to mitigate some of its expenses, as represented by its lessened losses. In the second quarter of 2006, the…

MondayAug 13, 2007 6:12 pm

Ciphergen Releases Q2 Results, New Name

Ciphergen Biosystems Inc. (NASDAQ: CIPH) reported its second quarter results for 2007 today, prompting the company's share prices to rise 10.2 percent to 75 cents a share. The company managed to reduce its total operating expenses for the second quarter of 2007, dropping expenses from $9.5 million last year to $5.9 million this year. Ciphergen attributed this reduction to the "elimination of selling and marketing expenses associated with the company's former life sciences tools business," which the company recently sold to Bio-Rad Laboratories. Unfortunately, since the company sold off its life sciences research business, the company cut off its revenue…

MondayAug 13, 2007 6:12 pm

Nutrition 21 Shares Drop 12% on News of Widened Loss

Shares of Nutrition 21 (Nasdaq: NXXI) plummeted 17 cents - nearly 12 percent - to $1.29 Monday morning, moving on a volume of 569,988. The dietary supplements maker today announced that preliminary results show a wider loss for fiscal 2007 due in part to a significant one-time charge related to its Selenomax product. Nutrition 21 estimates a loss for the fiscal year ended June 30 to be $18.2 million, or 32 cents per share, as compared to a loss of $10.3 million, or 26 cents per share, for 2006. The loss includes a $1.4 million charge for the return of…

MondayAug 13, 2007 6:09 pm

SNEN Nearly Doubles Q2 Revenue: Signs Big Agreement with Sinopec

Shares of Sinoenergy Corporation (OTCBB: SNEN) jumped up today after the company filed its 10QSB with its second quarter results and issued a press release this morning announcing the date of a conference call to discuss these results. In mid-day trading, SNEN was up 27 cents (10 percent) to $2.92 per share. For the three months ended June 30, 2007, the company reported net revenues of $6.2 million, which almost doubles its year ago numbers of $3.4 million. Profits also increased substantially with SNEN reporting net income of $1.9 million, or 7 cents per share, compared to net income of…

MondayAug 13, 2007 6:09 pm

Credence Shares Jump 20%

Shares of Credence Systems (Nasdaq: CMOS) jumped 45 cents, nearly 20 percent, to $2.72 this morning, moving on volume of 4.5 million. The news of the appointment of a new senior vice president, paired with upcoming third-quarter results, seems to be prompting share activity. This morning the test solutions provider announced that Amir Aghdaei will serve as senior VP of field operations and marketing to guide the company through its global field operations and marketing groups in collaboration with the company's focus on increasing its presence in areas such as Japan and Taiwan. In a statement, Credence CEO Lavi Lev…

MondayAug 13, 2007 6:07 pm

Deli Solar up on 2Q Results

Solar water heater specialists Deli Solar Inc. (OTCBB: DLSL) crept up 10.8 percent today, riding on the company's latest second quarter 2007 financial results and boosting share prices to $2.30 a share. According to the company's latest statement, second-quarter sales figures for Deli Solar rose from $7.06 million in 2006 to $9.41 million in 2007, an increase of 33 percent - an increase the company attributed to the sale of more than 63,000 water heaters and 37,000 boilers during the second quarter of 2007. Gross profit for the company also increased, jumping 30 percent to $1.9 million, while gross margins…

MondayAug 13, 2007 6:06 pm

Ukrainian Oil pushes SERG up 122%

Star Energy (OTCBB: SERG) skyrocketed an amazing 122 percent this morning, soaring on the news of the company's recent acquisition of three Ukrainian oil and gas projects. According to the company's most recent statement, Star Energy will work through its subsidiary Anglo-Ukr Energy to help promote and expand the company's operations in the Ukraine. Of course, the oil's a good excuse, too; the statement claims that there are more than 100 million barrels of oil and 150 billion cubic feet of gas spread over seven oil and gas fields. This appears to be the company's latest move to gain a…

MondayAug 13, 2007 6:05 pm

ERFW Wireless Posts 526% Increase in Q2 Revenue

Shares of ERF Wireless Inc. (OTCBB: ERFW) are up 8 cents, or 12 percent, to 73 cents this morning as shareholders chew on news that the company obtained a 526 percent increase in revenue for the second quarter of 2007, as well as a reduction in net loss. In a statement today, the company reported its revenue at $2.4 million, up from $387,000 the same period last year. The company partially attributed the increase to its progression with its El Dorado Golf and Beach Club project in San Jose del Cabo, Mexico. "I am pleased with the results that our…

MondayAug 13, 2007 6:04 pm

CTHE & XCOR Teaming Up to Improve Hearts & Kidneys

Shares of CT Holdings Enterprises Inc. (OTCBB: CTHE) jumped up this morning after news about its merger with Xcorporeal was released. In early trading today, CTHE was up 63 cents (140 percent) to $1.08 per share. CTHE announced in a press release that they have executed a definitive merger agreement with respect to a reverse triangular merger with Xcorporeal Inc. (Pink Sheets: XCOR), pursuant to which Xcorporeal will emerge as the surviving entity. Xcorporeal is a medical device company that has developed an innovative extra-corporeal platform technology to build devices that may potentially perform functions of various human organs. The…

MondayAug 13, 2007 6:02 pm

Early Movers with Big News

Each morning, the exchanges come alive - and finding a company with news to back its movement allows MN1 to bring you updates each morning and afternoon to keep you on top of the small and micro-cap markets. The following companies released some sort of news late yesterday evening or early this morning: Euro Tech Holding Company (Nasdaq: CLWT) shares rose 35 cents, about 14 percent, to $2.78 in early Monday trading. Today the company announced its associated company, Zhejiang Tianlan Desulfurization and Dust-Removal Co., has recently been awarded four contracts worth an aggregate $7.3 million. The contracts with various…

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