Monthly Archives: January 2018

Canadian Exchanges Stock Scanner, Celestica, Pure Technologies, Electrovaya, and D Box Technologies

LONDON, UK / ACCESSWIRE / January 31, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges’ equities from the Computer Hardware industry: Celestica, Pure Technologies, Electrovaya, and D-Box Technologies. Access our complimentary up-to-the-minute research reports by becoming an online member now:

www.active-investors.com/registration-sg

The S&P/TSX Composite Index lost 139.21 points, or 0.86%, to close Tuesday’s trading session at 15,955.51. The TSX Venture Exchange shaved off 20.85 points, or 2.37%, to finish at 858.33.

Moreover, the Tech index was down by 1.55%, closing at 68.59.

Today’s stocks of interest consist of: Celestica Inc. (TSX: CLS), Pure Technologies Ltd (TSX: PUR), Electrovaya Inc. (TSX: EFL), and D-Box Technologies Inc. (TSX: DBO). Click the link below to view a sample of the free research report that will be available to you as a member of Active-Investors:

www.active-investors.com/registration-sg

Celestica Inc.

Toronto, Canada headquartered Celestica Inc.’s stock dropped 1.39%, to finish Tuesday’s session at $12.78 with a total volume of 293,174 shares traded. The Company’s shares are trading below its 50-day and 200-day moving averages. Celestica’s 200-day moving average of $14.40 is above its 50-day moving average of $13.49. Shares of the Company, which provides supply chain solutions in Canada and internationally, are trading at a PE ratio of 17.75. View the research report on CLS.TO at:

www.active-investors.com/registration-sg/?symbol=CLS

Pure Technologies Ltd

On Tuesday, shares in Calgary, Canada headquartered Pure Technologies Ltd recorded a trading volume of 82,500 shares. The stock ended the day flat at $8.99. The Company’s shares are trading above its 50-day and 200-day moving averages. The stock’s 50-day moving average of $8.97 is above its 200-day moving average of $6.02. Shares of Pure Technologies, which engages in the development and application of technologies for the inspection, monitoring, and management of physical infrastructure worldwide, are trading at a PE ratio of 152.37. Get the free report on PUR.TO at:

www.active-investors.com/registration-sg/?symbol=PUR

Electrovaya Inc.

On Tuesday, shares in Mississauga, Canada headquartered Electrovaya Inc. ended the session 11.90% lower at $0.37 with a total volume of 168,059 shares traded. Shares of the Company, which together with its subsidiaries, designs, develops, manufactures, and markets lithium-ion based battery products in Canada, the US, Germany, and internationally, are trading below its 50-day and 200-day moving averages. Furthermore, the stock’s 200-day moving average of $0.98 is greater than its 50-day moving average of $0.62. Access the most recent report coverage on EFL.TO at:

www.active-investors.com/registration-sg/?symbol=EFL

D-Box Technologies Inc.

Longueuil, Canada headquartered D-Box Technologies Inc.’s stock closed the day 3.39% lower at $0.29. The stock recorded a trading volume of 136,544 shares. Shares of the Company, which designs, manufactures, and commercializes motion systems for the entertainment, and simulation and training markets worldwide, are trading below their 50-day and 200-day moving averages. Moreover, the stock’s 200-day moving average of $0.32 is greater than its 50-day moving average of $0.30. Today’s complimentary report on DBO.TO can be accessed at:

www.active-investors.com/registration-sg/?symbol=DBO

Active-Investors:

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SOURCE: Active-Investors

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Today’s Research Reports on Redline Communications, CounterPath Corporation, Shopify Inc. and Real Matters Inc.

NEW YORK, NY / ACCESSWIRE / January 31, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us free at http://rdinvesting.com and get exclusive access to our numerous research reports and market updates.

RDI has Initiated Coverage Today on:

Redline Communications Group Inc.
https://rdinvesting.com/news/?ticker=RDL.TO

CounterPath Corporation
https://rdinvesting.com/news/?ticker=PATH.TO

Shopify Inc.
https://rdinvesting.com/news/?ticker=SHOP.TO

Real Matters Inc.
https://rdinvesting.com/news/?ticker=REAL.TO

Redline Communications stock moved 1.29% lower Tuesday, to close the day at $1.53. The stock recorded a trading volume of 650 shares, which was below its three months average volume of 2,195 shares. In the last year, Redline Communications shares have traded in a range of 1.34 – 2.05. The stock is currently trading 25.37% below its 52 week high. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $1.55 is greater than its 200-day moving average of $1.52. Shares of Redline Communications have fallen approximately 3.77 percent year-to-date.

Access RDI’s Redline Communications Group Inc. Research Report at:
https://rdinvesting.com/news/?ticker=RDL.TO

On Tuesday, shares of CounterPath recorded a trading volume of 9,920 shares, which was above the three months average volume of 7,731 shares. The stock ended the day 11.11% lower at 5.20. The share price has gained 114.88% from its 52-week low with a 52-week trading range of 2.42 – 9.02. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $4.98 is greater than its 200-day moving average of $3.62. Shares of CounterPath have gained approximately 31.65 percent year-to-date.

Access RDI’s CounterPath Corporation Research Report at:
https://rdinvesting.com/news/?ticker=PATH.TO

Shopify’s stock moved 2.46% lower Tuesday, to close the day at $153.01. The stock recorded a trading volume of 488,181 shares, which was above its three months average volume of 354,750 shares. In the last year, Shopify’s shares have traded in a range of 65.31 – 160.69. The share price has gained 134.28% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $139.10 is greater than its 200-day moving average of $131.99. Shares of Shopify have gained approximately 20.38 percent year-to-date.

Access RDI’s Shopify Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SHOP.TO

On Tuesday, shares of Real Matters recorded a trading volume of 226,441 shares, which was above the three months average volume of 135,171 shares. The stock ended the day 5.57% lower at 9.66. The share price has gained 16.53% from its 52-week low with a 52-week trading range of 8.29 – 24.70. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $10.06 is greater than its 200-day moving average of $9.69. Shares of Real Matters have gained approximately 3.27 percent year-to-date.

Access RDI’s Real Matters Inc. Research Report at:
https://rdinvesting.com/news/?ticker=REAL.TO

Our Actionable Research on Redline Communications Group Inc. (TSX:RDL.TO), CounterPath Corporation (TSX:PATH.TO), Shopify Inc. (TSX:SHOP.TO) and Real Matters Inc. (TSX:REAL.TO) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com

ReleaseID: 487444

Today’s Research Reports on Cogeco Communications, Torstar Corporation, Rogers Communications and Shaw Communications

RDI has Initiated Coverage Today on:

Cogeco Communications Inc.
https://rdinvesting.com/news/?ticker=CCA.TO

Torstar Corporation
https://rdinvesting.com/news/?ticker=TS-B.TO

Rogers Communications Inc.
https://rdinvesting.com/news/?ticker=RCI-B.TO

Shaw Communications Inc.
https://rdinvesting.com/news/?ticker=SJR-B.TO

Cogeco Communications stock moved 1.05% lower Tuesday, to close the day at $76.26. The stock recorded a trading volume of 39,037 shares, which was below its three months average volume of 95,112 shares. In the last year, Cogeco Communications shares have traded in a range of 68.69 – 95.21. The stock is currently trading 19.90% below its 52 week high. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $83.86 is below its 200-day moving average of $88.66. Shares of the company are trading at a Price to Earnings ratio of 12.60. Shares of Cogeco Communications have fallen approximately 11.82 percent year-to-date.

Access RDI’s Cogeco Communications Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CCA.TO

On Tuesday, shares of Torstar recorded a trading volume of 64,405 shares, which was above the three months average volume of 48,449 shares. The stock ended the day 8.38% lower at 1.53. The share price has gained 27.50% from its 52-week low with a 52-week trading range of 1.20 – 1.96. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $1.70 is greater than its 200-day moving average of $1.48. Shares of Torstar have fallen approximately 10.53 percent year-to-date.

Access RDI’s Torstar Corporation Research Report at:
https://rdinvesting.com/news/?ticker=TS-B.TO

Rogers Communications stock edged 0.57% higher Tuesday, to close the day at $59.80. The stock recorded a trading volume of 1,812,909 shares, which was above its three months average volume of 762,925 shares. In the last year, Rogers Communications shares have traded in a range of 55.25 – 70.08. The stock is currently trading 14.67% below its 52 week high. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $63.09 is below its 200-day moving average of $64.91. Shares of the company are trading at a Price to Earnings ratio of 18.07. Shares of Rogers Communications have fallen approximately 6.64 percent year-to-date.

Access RDI’s Rogers Communications Inc. Research Report at:
https://rdinvesting.com/news/?ticker=RCI-B.TO

On Tuesday, shares of Shaw Communications recorded a trading volume of 1,136,264 shares, which was above the three months average volume of 947,509 shares. The stock ended the day 0.94% higher at 26.98. The stock is currently trading 11.37% below its 52-week high with a 52-week trading range of 26.48 – 30.44. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $28.27 is greater than its 200-day moving average of $28.17. Shares of Shaw Communications are trading at a Price to Earnings ratio of 15.51. Shares of Shaw Communications have fallen approximately 5.96 percent year-to-date.

Access RDI’s Shaw Communications Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SJR-B.TO

Our Actionable Research on Cogeco Communications Inc. (TSX:CCA.TO), Torstar Corporation (TSX:TS-B.TO), Rogers Communications Inc. (TSX:RCI-B.TO) and Shaw Communications Inc. (TSX:SJR-B.TO) can be downloaded free of charge at Research Driven Investing.

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RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

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For any questions, inquiries, or comments reach out to us directly at:

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SOURCE: RDInvesting.com

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Today’s Research Reports on Trending Tickers: Advanced Micro Devices and NVIDIA

NEW YORK, NY / ACCESSWIRE / January 31, 2018 / U.S. markets fell sharply Tuesday for the second consecutive day. Both the Dow Jones and S&P 500 experienced their largest one day drop of 2018. The Dow Jones Industrial Average dropped 1.37 percent to close at 26,076.89, while the S&P 500 Index fell 1.09 percent to close at 2,822.43. The Nasdaq Composite Index declined 0.86 percent to close at 7,402.48. Investors appear to be awaiting details from the State of the Union address by President Donald Trump on Tuesday night.

“We’ve had a unilateral move higher [in stocks] to start things off and people are realizing this is not sustainable,” said Art Hogan, chief market strategist at B. Riley FBR. “You’re also seeing some cracks in the global story with interest rates rising.”

RDI Initiates Coverage on:

Advanced Micro Devices, Inc.
https://rdinvesting.com/news/?ticker=AMD

NVIDIA Corporation
https://rdinvesting.com/news/?ticker=NVDA

Advanced Micro Devices stock moved 3.38% lower Tuesday, to close the day at $12.87. The stock was down 7% in early trading, but saw a bounce back after reporting 4th quarter earnings that beat estimates. Adj. EPS of $0.08 was higher than the $0.05 expected by the street. Revenue was also higher at $1.48 billion compared to the expected $1.41 billion. The stock recorded a trading volume of 91,236,383 shares, which was above its three months average volume of 50,877,648 shares. In the last year, Advanced Micro Devices shares have traded in a range of 9.70 – 15.65. The share price has gained 32.68% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $11.50 is below its 200-day moving average of $12.29. Shares of Advanced Micro Devices have gained roughly 25.19 percent in the past month.

Access RDI’s Advanced Micro Devices, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AMD

On Tuesday, shares of NVIDIA recorded a trading volume of 14,262,028 shares, which was above the three months average volume of 13,413,233 shares. The stock ended the day 1.67% lower at 242.72. The share price has gained 155.04% from its 52 week low with a 52 week trading range of 95.17 – 248.11. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $212.33 is greater than its 200-day moving average of $190.35. Shares of the company are trading at a trailing Price to Earnings ratio of 60.66. Shares of NVIDIA have gained roughly 25.44 percent in the past month.

Access RDI’s NVIDIA Corporation Research Report at:
https://rdinvesting.com/news/?ticker=NVDA

Our Actionable Research on Advanced Micro Devices, Inc. (NASDAQ:AMD) and NVIDIA Corporation (NASDAQ:NVDA) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

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Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com

ReleaseID: 487447

Today’s Research Reports on Trending Tickers: McDonald’s and Pfizer

RDI Initiates Coverage on:

McDonald’s Corporation
https://rdinvesting.com/news/?ticker=MCD

Pfizer, Inc.
https://rdinvesting.com/news/?ticker=PFE

McDonald’s stock moved 2.98% lower Tuesday, to close the day at $172.48. The drop was despite the company beating sales and earnings estimates in its fourth quarter earnings. The company reported global comparable sales growth of 5.5%, beating the 4.9% that the street has been waiting for. The traders were probably worried by the addition of dollar menu that may weigh down the company’s future growth. The stock recorded a trading volume of 9,611,534 shares, which was above its three months average volume of 2,958,422 shares. In the last year, McDonald’s shares have traded in a range of 121.70 – 178.70. The share price has gained 41.73% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $173.94 is greater than its 200-day moving average of $164.51. Shares of the company are trading at a trailing Price to Earnings ratio of 24.96. Shares of McDonald’s have gained roughly 0.21 percent in the past month.

Access RDI’s McDonald’s Corporation Research Report at:
https://rdinvesting.com/news/?ticker=MCD

On Tuesday, shares of Pfizer recorded a trading volume of 45,998,017 shares, which was above the three months average volume of 16,893,696 shares. The stock ended the day 3.13% lower at $37.80 despite reporting better than expected Q4 earnings. EPS of $0.62 was well above the street’s estimates of $0.56. The stock declined as the company said it is expected to pay tax at about 17% in 2018 which was way above the street’s expectations. Last week, rival AbbVie had reported a much lower expected tax rate number of 9%. The share price has gained 22.21% from its 52-week low with a 52-week trading range of 30.93 – 39.43. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $36.79 is greater than its 200-day moving average of $35.29. Shares of the company are trading at a trailing Price to Earnings ratio of 23.35. Shares of Pfizer have gained roughly 4.36 percent in the past month.

Access RDI’s Pfizer, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=PFE

Our Actionable Research on McDonald’s Corporation (NYSE:MCD) and Pfizer, Inc. (NYSE:PFE) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com

ReleaseID: 487448

Cannabis Mega-Mergers Re-Mapping Sector’s Post-Legalization Landscape

VANCOUVER, BC / ACCESSWIRE / January 31, 2018 / A flurry of activity that has included billions worth in acquisitions in the legal cannabis market has redrawn the maps, and changed a lot of addresses as the sector winds down its final months ahead of legalization.

The impacts of the last few weeks has seen a landscape shuffle in the cannabis sector, positively changing the outlook of companies including, Aphria Inc. (APH) (APHQF), Aurora Cannabis (ACB) (ACBFF), WeedMD Inc. (WMD) (WDDMF), and newly-minted Hiku Brands Company Ltd (CNSX: HIKU) (OTC PINK: DJACF).

At the center of the latest round of major events has been Ontario-based Aphria Inc. (TSXV: APH) (OTC: APHQF), which recently has been involved in at least three major mergers and acquisitions.

Aphria’s latest activities included acquiring medical cannabis firm Nuuvera Inc. for $826 million; buying craft cannabis producer Broken Coast Cannabis for $230 million; and making a strategic investment in the merger of newly-formed brand-focused licensed cannabis producer Hiku Brands Company Ltd (CNSX: HIKU) (OTC PINK: DJACF)-a combination of DOJA Cannabis and Tokyo Smoke.

In just the first month of 2018, there has been over $2 billion worth of cannabis deals, which is nearly quadruple the total of 2017 as a whole-which itself was a record.

However, perhaps the most interesting of the activities, was one with the smallest price tag attached-the merger of DOJA and Tokyo Smoke into Hiku Brands Company Ltd (CNSX: HIKU) (OTC PINK: DJACF).

The newly-minted Hiku Brands Company Ltd (CNSX: HIKU) (OTC PINK: DJACF) became Canada’s first premium cannabis brand house with vertically integrated operations focused on its strengths in branding and marketing-bringing together two CEOs with marketing guru attributes and aspirations.

MERGER MANIA SHATTERING RECORDS

As predicted by CBC News, the Financial Post and Baystreet in the last few months, the cannabis sector has entered into its merger mania phase, showing the early stages of an already maturing industry.

Prior to Aphria’s recent spending spree, it was Aurora Cannabis (ACB) (ACBFF) splashing the market, acquiring CanniMed Therapeutics-for a whopping CAD$1.1 billion (US$852 billion).

Through Aphria and Aurora alone, they’ve conducted over $2 billion worth of deals in January-nearly quadruple last year’s record breaking total over 12 months.

What was seen as a flurry of activity in 2017, led consultancy Ernst & Young to survey nearly a dozen licensed producers (LPs) at the end of the year-leading to the safe prediction of a wave of takeovers and mergers to arise in the months ahead of legalization.

The prediction was that the biggest players would start racing to acquire all the mid-tier and smaller players, leaving only the big boys left in the post-legalization world.

Industry expert Chuck Rifici-former board member of Aurora and founder and CEO of Tweed Inc. (now Canopy)-predicted that the high stock values on the majors makes acquisitions of smaller companies inevitable, by buying smaller players in all-stock deals.

“These smaller companies are in a position to fill in gaps and get a nice premium on their stock and the larger guys are essentially printing cheap paper to do those deals. It’s win-win,” Rifici opined to CBC news.

He’s right-The money is indeed there to be spent.

But not all activities need to be full acquisitions, as seen in Aphria’s strategic investment in the merger between DOJA and Tokyo Smoke to form Hiku Brands Company Ltd (CSE: HIKU) (OTC: DJACF).

HIKU AIMS TO PROVE BRANDING IS KING

Between the two companies that merged to form Hiku Brands Company Ltd (CNSX: HIKU) (OTC PINK: DJACF, are a pair of CEOs with very successful histories in branding and marketing.

Set to serve as CEO for Hiku will be Alan Gertner, founder of Tokyo Smoke, whose background includes being a founding member of Google’s first Global Business Strategy team, later to lead a +$100 million organization at Google in Asia.

Joining Gertner as President will be Trent Kitsch, co-founder of DOJA, and founder of SAXX Underwear Co., which Kitsch built into a globally recognizable brand, and the fastest growing underwear brand in North America prior to exiting the business in 2015.

The merger is a match made in heaven, as both Gertner’s and Kitsch’s missions for their previous companies focused on image and branding.

Both still hold the firm belief that first impressions among adult recreational cannabis consumers are paramount—Once legalization is fully underway, customers are going to be loyal to their favorite brands, and it’s to the marketing experts to foster that relationship early.

Gertner likens the importance of branding to the early impact made by Starbucks twenty years ago, which started the coffee revolution, educating customers on what a quality cup of coffee looked, smelled, and tasted like.

It’s his company’s goal to become the Starbucks of cannabis, led by possibly the strongest branding team in the entire cannabis sector.

“I am proud to stand with a team of incredibly talented and thoughtful business partners as we launch Hiku and create the first great cannabis brand house.” said Gertner, Chief Executive Officer of Hiku. “A brand house, because cannabis is a consumer product, one that we believe can change the world. At Hiku, we look forward to playing a major role in driving this incredible industry forward.”

Hiku is built not only on pretty packaging, as each team has brought in its own significant growing expertise.

In October, DOJA began expanding production capacity by acquiring and refitting a 22,580 sq.ft. Kelowna, BC building to be dubbed the “FUTURE LAB.”- destined to produce over 5,000 kgs of cannabis per year.

Beyond that, the company is also backed by ground-breaking supply partnerships with with Aphria Inc. (APH) (APHQF) and WeedMD Inc. (WMD) (WDDMF), to ensure that Hiku brands can scale in 2018 and beyond.

Thanks to Aphria’s confidence in the latest round of financing for $12.5 million, Hiku’s cash position is approximately $32.6 million as it launches as this fresh entity.

Hiku now operates six Tokyo Smoke shops and one DOJA café across Alberta, British Columbia, and Ontario, which sell coffee, legal cannabis accessories and clothingall offering a unique retail experience that’s optimized to build brand awareness, and hook into the loyalty of a growing customer base.

Beginning in 2018, Hiku will prioritize its retail expansion in provinces that allow private cannabis retail, as dispensing stores. Totally vertically integrated, Hiku can better control its in-store customer experience, once the legalization of cannabis in Canada is officially underway.

For Hiku and across the entire cannabis sector, 2018 is off to a very hot start.

COMPARABLES

Aphria Inc. (APH) (APHQF)

Aphria is one of Canada’s lowest cost licensed cannabis producers, specializing in the production, suppy, and sale of medical cannabis. The company offers sativa, indica, and hybrid medical marijuana products, as well as cannabis oils. It also provides support services in the form of medical consultations, group therapies, and rehabilitation to veteran and first responders. The company sells its products through its online store or phones, as well as engages in the wholesale shipping of medical marijuana plant cuttings and dried buds to other licensed producers. Aphria Inc. is headquartered in Leamington, Canada.

Aurora Cannabis (ACB) (ACBFF)

Aurora Cannabis boasts the second highest square footage approved for cannabis production in Canada. Together with its subsidiaries, Aurora produces and distributes medical marijuana products in Canada. The company’s products consist of dried cannabis and cannabis oil.

Aurora is the only cannabis producer located in the province of Alberta, giving the company a cost advantage through its free use of fresh mountain-fed water used on site, and housed under the lowest corporate tax rates and power rates in Canada. Capitalizing on numerous farm credit programs provided by the province, Aurora has positioned itself as arguably the lowest cost-per-gram licensed producer in Canada. Aurora became a licensed producer in 2015, and is based in Edmonton, Alberta.

WeedMD Inc. (WMD) (WDDMF)

WeedMD is a licensed producer of medical cannabis that operates a 26,000 square foot, scalable production facility in Aylmer, Ontario with four acres of property for future expansion. WeedMD is focused on providing consistent, quality medicine to the long-term care and assisted living markets in Canada through its comprehensive platform developed exclusively for that industry. WeedMD is dedicated to educating healthcare practitioners and furthering public understanding of the role medical cannabis can play as a viable alternative to prescription medication in relieving a variety of chronic medical conditions and illnesses.

Disclaimer

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Contact:

Aaron Bodnar
aaron@baystreet.ca

SOURCE: Baystreet.ca Media Corp.

ReleaseID: 487419

Trinity Bank Reports 4Q and FYE 2017 Results

– 2017 Earnings Per Share were down 23% due to the write down of our Deferred Tax Asset (required by the passage of the Tax Reform Act dated 12-22-17) and a large loan loss provision (and subsequent charge off) for our one problem loan
– Return on Assets of 1.23% and Return on Equity of 10.22% (while well below our historical performance) are slightly above the average returns for our Bank Peer Group
– Good deposit growth, excellent efficiency, and strong Equity to Assets Ratio of 12.05% are indicative of the effort by the staff, management and Board of Trinity Bank to produce superior returns and shareholder value

FORT WORTH, TX / ACCESSWIRE / January 31, 2018 / Trinity Bank N.A. (OTC PINK: TYBT) today announced financial and operating results for the fourth quarter and for the twelve months ended December 31, 2017.

Trinity Bank, N.A. reported Net Income after Taxes for the fourth quarter of 2017 of $642,000 or $.57 per diluted common share, compared to $1,072,000 or $.96 per diluted common share for the fourth quarter of 2016, a decrease of 40.3%.

For the year 2016, Net Income After Taxes amounted to $3,068,000, or $2.74 per diluted common share, compared to $4,009,000, or $3.56 per diluted common share for 2016, a decrease of 23.1%.

Jeffrey M. Harp, President, stated, “Prior to the changes mentioned in the first bullet point above, Trinity Bank generated its best monthly profit ever in December, and the fourth quarter was the best quarter since inception in 2003. The 2017 Tax Reform Act (which necessitated the write-down of the Deferred Tax Asset) has significant positive implications for Trinity Bank in the long run. The large loan loss provision for our one problem loan is behind us.”

“In a year that didn’t meet our expectations, Trinity Bank still earned over $3,000,000 after taxes (a decent return on our shareholder’s original and only capital investment of $11,000,000), paid over $1,100,000 in cash dividends, and generated above average returns on assets and equity compared to our Bank Peer Group. We look forward to performing at historical levels in 2018 and beyond.”

For Year Ending
Trinity Bank

Peer Group

(9-30-17)

2017

2016

2015

2014

2013

Return on Assets

.93%

1.23%

1.79%

1.68%

1.58%

Return on Equity

(excluding unrealized

8.72%

10.22%

14.32%

14.69%

14.29%

13.83%

gain on securities)

Trinity Bank, N.A. is a commercial bank that began operations May 28, 2003. For a full financial statement, visit Trinity Bank’s website: www.trinitybk.com. Regulatory reporting format is also available at www.fdic.gov.

For information, contact:

Richard Burt
Executive Vice President
Trinity Bank
817-763-9966

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future financial conditions, results of operations and the Bank’s business operations. Such forward-looking statements involve risks, uncertainties and assumptions, including, but not limited to, monetary policy and general economic conditions in Texas and the greater Dallas-Fort Worth metropolitan area, the risks of changes in interest rates on the level and composition of deposits, loan demand and the values of loan collateral, securities and interest rate protection agreements, the actions of competitors and customers, the success of the Bank in implementing its strategic plan, the failure of the assumptions underlying the reserves for loan losses and the estimations of values of collateral and various financial assets and liabilities, that the costs of technological changes are more difficult or expensive than anticipated, the effects of regulatory restrictions imposed on banks generally, any changes in fiscal, monetary or regulatory policies and other uncertainties as discussed in the Bank’s Registration Statement on Form SB‑1 filed with the Office of the Comptroller of the Currency. Should one or more of these risks or uncertainties materialize, or should these underlying assumptions prove incorrect, actual outcomes may vary materially from outcomes expected or anticipated by the Bank. A forward-looking statement may include a statement of the assumptions or bases underlying the forward‑looking statement. The Bank believes it has chosen these assumptions or bases in good faith and that they are reasonable. However, the Bank cautions you that assumptions or bases almost always vary from actual results, and the differences between assumptions or bases and actual results can be material. The Bank undertakes no obligation to publicly update or otherwise revise any forward‑looking statements, whether as a result of new information, future events or otherwise, unless the securities laws require the Bank to do so.

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

Quarter Ended

Twelve Months Ending

December 31

EARNINGS SUMMARY

2017

2016

Change

2017

2016

Change

Interest income

$2,407

$2,050

17.4%

$9,141

$8,120

12.6%

Interest expense

192

138

39.1%

656

534

22.8%

Net Interest Income

2,215

1,912

15.8%

8,485

7,586

11.9%

Service charges on deposits

-16.7%

149

156

-4.5%

Other income

2.2

366

397

-7.8%

Total Non Interest Income

126

131

-3.8%

515

553

-6.9%

Salaries and benefits expense

575

526

9.3%

2,102

2,031

3.5%

Occupancy and equipment expense

112

45.5%

432

302

43.0%

Other expense

290

210

38.1%

1,116

1,046

6.7%

Total Non Interest Expense

977

813

20.2%

3,650

3,379

8.0%

Pretax pre-provision income

1,364

1,230

10.9%

5,350

4,760

12.4%

Gain on sale of securities

N/M

263

N/M

Gain on sale of assets

N/M

Provision for Loan Losses

507

N/M

1,627

N/M

Earnings before income taxes

859

1,309

-34.4%

3,727

5,064

-26.4%

Provision for income taxes

217

237

-8.4%

659

1,055

-37.5%

Net Earnings

$642

$1,072

-40.1%

$3,068

$4,009

-23.5%

Basic earnings per share

0.58

0.97

-40.2%

2.77

3.59

-22.7%

Basic weighted average shares outstanding

1,106

1,109

1,106

1,116

Diluted earnings per share

0.57

0.96

-40.3%

2.74

3.56

-23.1%

Diluted weighted average shares outstanding

1,121

1,120

1,121

1,127

Average for Quarter

Average for Twelve Months

December 31

BALANCE SHEET SUMMARY

2017

2016

Change

2017

2016

Change

Total loans

$130,708

$124,012

5.4%

$131,126

$121,267

8.1%

Total short term investments

33,929

21,884

55.0%

24,136

17,355

39.1%

Total investment securities

92,935

81,207

14.4%

87,396

79,629

9.8%

Earning assets

257,572

227,103

13.4%

242,658

218,251

11.2%

Total assets

264,668

232,931

13.6%

249,390

223,624

11.5%

Noninterest bearing deposits

81,387

72,209

12.7%

75,434

64,586

16.8%

Interest bearing deposits

150,771

129,186

16.7%

142,423

127,783

11.5%

Total deposits

232,158

201,395

15.3%

217,857

192,369

13.2%

Fed Funds Purchased and Repurchase Agreements

361

-100.0%

359

-78.0%

Shareholders’ equity

$31,546

$29,946

5.3%

$30,682

$29,613

3.6%

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

Average for Quarter Ending

Dec 31,

Sept. 30,

June 30,

March 31,

Dec 31,

BALANCE SHEET SUMMARY

2017

2016

Total loans

$130,708

$131,507

$131,481

$130,977

$124,012

Total short term investments

33,929

26,349

21,563

14,089

21,884

Total investment securities

92,935

89,922

84,656

82,294

81,207

Earning assets

257,572

247,778

237,700

227,360

227,103

Total assets

264,668

254,291

244,153

234,058

232,931

Noninterest bearing deposits

81,387

75,572

73,999

70,654

72,209

Interest bearing deposits

150,771

146,331

139,407

132,946

129,186

Total deposits

232,158

221,903

213,406

203,600

201,395

Fed Funds Purchased and Repurchase Agreements

320

361

Shareholders’ equity

$31,546

$31,428

$30,024

$29,701

$29,746

Quarter Ended

Dec 31,

Sept. 30,

June 30,

March 31,

Dec 31,

HISTORICAL EARNINGS SUMMARY

2017

2016

Interest income

$2,407

$2,345

$2,244

$2,145

$2,050

Interest expense

192

175

150

139

138

Net Interest Income

2,215

2,170

2,094

2,006

1,912

Service charges on deposits

Other income

Total Non Interest Income

126

129

130

131

Salaries and benefits expense

575

520

499

508

526

Occupancy and equipment expense

112

110

106

104

Other expense

290

276

281

269

210

Total Non Interest Expense

977

906

886

881

813

Pretax pre-provision income

1,364

1,393

1,338

1,255

1,230

Gain on sale of securities

(1)

Gain on sale of other assets

Provision for Loan Losses

507

1,000

Earnings before income taxes

859

1,333

1,281

254

1,309

Provision for income taxes

217

280

265

(103)

237

Net Earnings

$642

$1,053

$1,016

$357

$1,072

Diluted earnings per share

$0.57

$0.94

$0.91

$0.32

$0.96

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

Ending Balance

Dec 31,

Sept. 30,

June 30,

March 31,

Dec 31,

HISTORICAL BALANCE SHEET

2017

2016

Total loans

$139,818

$129,762

$132,854

$131,531

$132,140

Total short term investments

19,027

39,662

20,090

28,599

9,615

Total investment securities

93,518

91,467

88,902

81,820

83,241

Total earning assets

252,363

260,891

241,846

241,950

224,996

Allowance for loan losses

(1,600)

(1,493)

(2,731)

(2,662)

(1,652)

Premises and equipment

2,731

2,747

2,780

2,698

2,525

Other Assets

5,817

6,050

6,433

5,950

6,875

Total assets

259,311

268,195

248,328

247,936

232,744

Noninterest bearing deposits

84,445

79,366

75,867

78,381

74,537

Interest bearing deposits

143,638

155,790

140,577

139,409

127,986

Total deposits

228,083

235,156

216,444

217,790

202,523

Fed Funds Purchased and Repurchase Agreements

361

Other Liabilities

352

1,548

872

923

472

Total liabilities

228,435

236,704

217,316

218,713

203,356

Shareholders’ Equity Actual

30,993

30,310

29,886

29,015

29,201

Unrealized Gain – AFS

(117)

1,181

1,126

208

187

Total Equity

$30,876

$31,491

$31,012

$29,223

$29,388

Quarter Ending

Dec 31,

Sept. 30,

June 30,

March 31,

Dec 31,

NONPERFORMING ASSETS

2017

2016

Nonaccrual loans

$394

$921

$2,345

$2,527

$2,753

Restructured loans

Other real estate & foreclosed assets

Accruing loans past due 90 days or more

Total nonperforming assets

$394

$921

$2,345

$2,527

$2,753

Accruing loans past due 30-89 days

$121

Total nonperforming assets as a percentage

of loans and foreclosed assets

0.28%

0.71%

1.77%

1.92%

2.08%

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

Quarter Ending

ALLOWANCE FOR

Dec 31,

Sept. 30,

June 30,

March 31,

Dec 31,

LOAN LOSSES

2017

2016

Balance at beginning of period

$1,493

$2,731

$2,662

$1,652

$1,644

Loans charged off

400

1,300

Loan recoveries

Net (charge-offs) recoveries

(400)

(1,298)

Provision for loan losses

507

1,000

Balance at end of period

$1,600

$1,493

$2,731

$2,662

$1,652

Allowance for loan losses

as a percentage of total loans

1.14%

1.15%

2.06%

2.02%

1.25%

Allowance for loan losses

as a percentage of nonperforming assets

406%

162%

116%

105%

60%

Net charge-offs (recoveries) as a

percentage of average loans

0.31%

0.99%

-0.01%

Provision for loan losses

as a percentage of average loans

0.39%

0.05%

0.76%

N/A

Quarter Ending

Dec 31,

Sept. 30,

June 30,

March 31,

Dec 31,

SELECTED RATIOS

2017

2016

Return on average assets (annualized)

0.97%

1.66%

0.61%

1.84%

Return on average equity (annualized)

8.14%

13.40%

13.54%

4.81%

14.32%

Return on average equity (excluding unrealized gain on investments)

8.44%

13.90%

13.78%

4.85%

14.97%

Average shareholders’ equity to average assets

11.92%

12.36%

12.30%

12.69%

12.86%

Yield on earning assets (tax equivalent)

4.17%

4.22%

4.19%

4.20%

4.13%

Effective Cost of Funds

0.29%

0.28%

0.25%

Net interest margin (tax equivalent)

3.88%

3.94%

3.95%

3.88%

Efficiency ratio (tax equivalent)

37.2%

35.3%

35.8%

37.0%

35.8%

End of period book value per common share

$27.92

$28.47

$28.04

$26.37

$26.50

End of period book value (excluding unrealized gain on investments)

$28.02

$27.41

$27.02

$26.19

$26.33

End of period common shares outstanding (in 000’s)

1,106

1,108

1,109

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

Twelve Months Ending

December 31, 2017

December 31, 2016

Tax

Average

Equivalent

Average

Equivalent

YIELD ANALYSIS

Balance

Interest

Yield

Balance

Interest

Yield

Interest Earning Assets:

Short term investment

$23,763

311

1.31%

$16,983

137

0.81%

FRB Stock

373

6.17%

6.00%

372

6.00%

Tax Free securities

87,396

2,361

2.70%

3.89%

79,629

2,007

2.52%

3.63%

Loans

131,126

6,446

4.92%

121,267

5,952

4.91%

Total Interest Earning Assets

242,658

9,141

3.77%

4.19%

218,251

8,120

3.72%

4.13%

Noninterest Earning Assets:

Cash and due from banks

4,404

3,968

Other assets

4,539

3,038

Allowance for loan losses

(2,211)

(1,633)

Total Noninterest Earning Assets

6,732

5,373

Total Assets

$249,390

$223,624

Interest Bearing Liabilities:

Transaction and Money Market accounts

114,315

396

0.35%

102,554

319

0.31%

Certificates and other time deposits

28,108

259

0.92%

25,249

214

0.85%

Other borrowings

0.25%

359

0.28%

0.28

Total Interest Bearing Liabilities

142,502

656

0.46%

128,162

534

0.42%

Noninterest Bearing Liabilities:

Demand deposits

75,434

64,566

Other liabilities

772

1,283

Shareholders’ Equity

30,682

29,613

Total Liabilities and Shareholders Equity

$249,390

$223,624

Net Interest Income and Spread

8,485

3.31%

3.73%

7,586

3.30%

3.71%

Net Interest Margin

3.50%

3.93%

3.48%

3.88%

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

December 31

2017

2016

LOAN PORTFOLIO

Commercial and industrial

$80,226

57.38%

$74,928

56.70%

Real estate:

Commercial

18,672

13.35%

22,307

16.88%

Residential

24,335

17.40%

19,255

14.57%

Construction and development

15,885

11.36%

14,507

10.98%

Consumer

700

0.50%

1,143

0.86%

Total loans (gross)

139,818

100.00%

132,140

100.0%0

Unearned discounts

0.00%

Total loans (net)

$139,818

100.00%

$132,140

100.00%

December 31

2017 %

2016

REGULATORY CAPITAL DATA

Tier 1 Capital

$30,993

$29,201

Total Capital (Tier 1 + Tier 2)

$32,593

$30,853

Total Risk-Adjusted Assets

$158,248

$151,282

Tier 1 Risk-Based Capital Ratio

19.59%

19.30%

Total Risk-Based Capital Ratio

20.60%

20.39%

Tier 1 Leverage Ratio

11.71%

12.54%

OTHER DATA

Full Time Equivalent

Employees (FTE’s)

Stock Price Range

(For the Three Months Ended):

High

$60.30

$56.00

Low

$57.25

$50.10

$59.83

$53.50

SOURCE: Trinity Bank, N.A

ReleaseID: 487394

sweetFrog CEO Appointed a Forbes Finance Council Contributor

Patrick Galleher, CEO of the Nation’s Leading Frozen Yogurt Chain, Featured as Finance and Private Equity Expert in Regular Contributed Articles

RICHMOND, VA / ACCESSWIRE / January 31, 2018 / Intimate knowledge of finance and continued success as a private equity executive helped Patrick Galleher, CEO of sweetFrog Frozen Yogurt, the nation’s leading frozen yogurt chain, and Managing Partner of Boxwood Partners, one of Richmond’s leading investment banks, earn a coveted role on the Forbes Finance Council. Galleher has spent the past five plus years growing sweetFrog into a national powerhouse, proving that he has the business and financial acumen required to be a perfect fit for the exclusive council.

“I’m humbled and honored to join a distinguished group of like-minded business leaders participating in important dialogue on the world-renowned Forbes platform,” said Galleher. “Since becoming the youngest CEO on the London Stock Exchange in 2002, I have spent the past 15 years helping dozens of companies negotiate profitable acquisitions and investments. I’ve used those experiences to lead sweetFrog to unprecedented growth – establishing the brand as a beloved household name and helping franchise owners achieve maximum profitability. I am proud my financial expertise has earned me a role on the Forbes Finance Council and I’m excited to share insights and advice.”

The Forbes Finance Council is a highly selective, quality-over-quantity organization for finance executives. The invitation-only organization provides industry thought leaders a forum to submit expert business articles and short tips related to their industries on Forbes.com.

Galleher recently published his first article titled “Private Equity Power Boost: Why Private Equity-Owned Franchises Thrive.” The financial expert detailed why franchises are appealing and in-demand among private equity-owned firms. Advantages Galleher documented included being able to effectively evaluate the health of the company before the purchase and high-upside growth potential with less risk.

“In my experience, franchise systems and private-equity firms share common goals that result in powerful relationships,” says Galleher. “The trend of private-equity firms making sound investments in franchises continues to grow. I’m proud we were on the cutting edge of that trend when we invested in sweetFrog in 2012. My first article submission illustrates why those in my position should take notice of the movement and consider the benefits of such an investment.”

To view Galleher’s “Private Equity Power Boost” article, please visit https://www.forbes.com/sites/forbesfinancecouncil/2017/12/28/private-equity-power-boost-why-private-equity-owned-franchises-thrive/.

To view Galleher’s Forbes profile and track his monthly contributions as they’re published, please visit

https://www.forbes.com/sites/forbesfinancecouncil/people/patrickgalleher/#7f94ff287469.

For anyone interested in learning more about sweetFrog franchise opportunities, please visit https://sweetfrog.com/franchise.

About sweetFrog Frozen Yogurt:

sweetFrog (http://www.sweetfrog.com) is the fastest growing self-serve frozen yogurt restaurant company in the country. With a wide selection of premium frozen yogurt flavors and fresh toppings choices, sweetFrog was named Best Frozen Yogurt in the USA by The Daily Meal in 2014 and 2016. sweetFrog has 340 stores and mobile units including retail, mobile trucks and non-traditional locations (such as sporting venues) in twenty-seven states in the U.S, Dominican Republic and Egypt. The company was founded in 2009 and is based in Richmond, Virginia. sweetFrog prides itself on providing a family-friendly environment where customers can enjoy soft-serve frozen yogurt, ice cream, gelato and sorbets with the toppings of their choice. The company was founded on Christian principles and seeks to bring happiness and a positive attitude into the lives of the communities it calls home.

Media Contacts:

Graham Chapman
919-459-8157
pgalleher@sweetfrog.net

Patrick Galleher
804-343-3441
graham.chapman@sweetfrog.net

SOURCE: sweetFrog Frozen Yogurt

ReleaseID: 487414

Northsight Capital Inc. to Acquire Uptick Newswire

The Planned Acquisition will add to Northsight’s Roll-up Strategy in the Cannabis Media Space

SCOTTSDALE, AZ / ACCESSWIRE / January 31, 2018 / Northsight Capital Inc. (“NCAP”) (OTCQB: NCAP) announced today that they have signed a non-binding LOI to acquire Uptick Newswire Inc., a leading newswire company for public micro-cap companies. The latest statistics show that there are over 11,000 micro-cap companies with a combined market cap of over $500 billion.

Uptick Newswire is one of the leading outlets for micro-cap companies to display their company’s current and future potential, giving the CEOs the opportunity to tell their story directly to qualified investors, brokerage houses, journalists, bloggers and influencers. Uptick currently interviews approximately 50 CEOs a month on its radio broadcast and via video segments, featuring those interviews on its website and allowing the shareholders of the individual companies to watch and/or listen to the interview. To date, Uptick has interviewed approximately 1,000 micro-cap CEOs on the air. Uptick reaches out to Audio Boom, iTunes, iHeart Radio, Investors Hangout, Google Play, YouTube, Stitcher, aCast, Spreaker, Podcast Directory, Player FM, BluBrry, TuneIn and Biz Talk Radio.

The radio show and podcast generate revenue through fees paid by participants, driving traffic to UPTICK Newswire’s website. The show increases brand awareness by virtue of reaching hundreds of thousands of listeners and improves brand legitimacy by increasing transparency of the micro- and nano-cap stock markets and providing education about these markets to investors worldwide.

Terms of the proposed acquisition were not released. Completion of the transaction is subject to funding, board approval and negotiation and execution of definitive agreements.

Everett Jolly, President of Uptick stated, “We look forward to becoming part of Northsight Capital Inc. and are pleased the result of this transaction will allow us to better serve our customer base. Northsight has a dedicated management team who, through organic growth and strategic acquisitions, has created a nation-leading marketing and advertising platform. The combination of our complementary businesses will be a catalyst to develop reach and accelerate growth.”

About Northsight Capital Inc.

Northsight Capital Inc. (“NCAP“) is comprised of a portfolio of online marijuana-related websites developed and operated by the company. These sites incorporate many aspects of the marijuana industry. The company provides its audience with a means to stay informed on the industry’s most cutting-edge marijuana-related innovations and legislation. The company’s most dynamic concept, Weed Depot, provides consumers with a geo-targeted map directory of medical and recreational dispensaries, head shops, doctors, attorneys and more within the marijuana industry. The Weed Depot app can be downloaded for free at the iTunes Store and Google Play. Weed Depot has an entire platform of content suited for every aspect of advertising and marketing to consumers from all businesses in the cannabis industry.

The company’s 420 careers is a leading job site in the cannabis space with 2,000 to 3,000 visitors a day and approximately one million page views per month.

Northsight’s current websites include:

WeedDepot.com, 420careers.com, MJBizwire.com, MarijuanaRecipes.com, RateMyStrain.com, WikiWeed.com, MarijuanaMD.com

Forward-Looking Statements:

Various statements in this release, including those that express a belief, expectation or intention, may be considered “forward-looking statements” that involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects or transactions. Forward-looking statements may also include projections and estimates concerning our future operating results and financial condition. When we use the words “will,” “believe,” “intend,” “expect,” “may,” “should,” “anticipate,” “could,” “estimate,” “plan,” “predict,” “project” or their negatives or other similar expressions, the statements which include those words are usually forward-looking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release; we disclaim any obligation to update these statements. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.

Media Contact Information:

John Venners
480-385-3800
Info@NorthsightCapital.com

SOURCE: Northsight Capital Inc.

ReleaseID: 487420

Free Research Report as Commvault Delivered Record Quarterly Revenues

Stock Monitor: Mitek Systems Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 31, 2018 / Active-Investors.com has just released a free earnings report on Commvault Systems, Inc. (NASDAQ: CVLT) (“Commvault”). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CVLT. Commvault posted its third quarter fiscal 2018 (Q3 FY18) financial results on January 24, 2018. The leading data and information management software provider’s revenue grew 7.96% on a y-o-y basis. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Mitek Systems, Inc. (NASDAQ: MITK), which also belongs to the Technology sector as the Company Commvault Systems. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=MITK

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Commvault Systems most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=CVLT

Earnings Highlights and Summary

During the third quarter of the fiscal year 2018, Commvault posted net sales of $180.37 million compared to net sales of $167.06 million in Q3 FY17, reflecting an increase of 7.96%. Commvault’s sales growth was primarily backed by its segments revenue growth. The Company’s subscription-based pricing models, which represents 20.00% of the its Software revenue, made excellent progress. The Company’s revenue numbers missed analysts’ estimates of $182.80 million.

Commvault’s gross profit was $155.41 million in Q3 FY18 compared to $145.90 million in Q3 FY17, increasing 6.52% on a y-o-y basis. The Company’s selling, general, and administrative expenses (SG&A) amounted to $20.39 million in the reported quarter compared to $21.61 million in the year ago same period, decreasing 5.66% on a y-o-y basis. The Company’s operating income was $3.48 million in Q3 FY18 compared to $3.84 million in Q3 FY17, decreasing 9.47% on a y-o-y basis.

Commvault’s net loss was $58.95 million in the reported quarter compared to net income of $1.96 million in Q3 FY17. The Company’s loss per share was $1.30 in Q3 FY18 compared to earnings per share (EPS) of $0.04 in the third quarter of the previous fiscal year. The decline was attributed to the recent enactment of the Tax Cuts and Jobs Act, incurring a tax expense of approximately $59.00 million in the reported quarter.

Commvault’s adjusted net income was $14.10 million in Q3 FY18, compared to $14.96 in Q3 FY17, reflecting a decrease of 5.77%. Adjusted earnings of the Company were $0.30 in the reported quarter, compared to $0.32 in Q3 FY17, decreasing 6.25% on a y-o-y basis. The Adjusted earnings numbers fell short of analysts’ estimates of $0.31 per share.

Commvault’s Segment Details

Commvault has two business segments, namely: (i) Software and Products, and (ii) Services.

The Software and Products segment reported net sales of $81.44 million in Q3 FY18 compared to $78.66 million in Q3 FY17, reflecting a growth of 3.54% compared to the year ago same period. The growth was driven by an increase in EMEA enterprise revenue transactions. The segment’s cost of revenue was $1.23 million in Q3 FY18 compared to $0.77 million in Q3 FY17, increasing 59.84% on a y-o-y basis.

The Services segment posted net sales of $98.92 million in Q3 FY18 compared to $88.41 million in Q3 FY17, increasing 11.90% on a y-o-y basis. The segment’s cost of revenue was $23.72 million in Q3 FY18 compared to $20.39 million in Q3 FY17, increasing 16.32%.

Cash Matters

As on December 31, 2017, Commvault had cash and cash equivalents of $314.49 million compared to $316.41 million as on December 31, 2016. The Company’s cash inflow from operating activities was $31.21 million in the reported quarter compared to a cash inflow of $26.77 million in Q3 FY17.

During the reported quarter, the Company invested $80.10 million to repurchase approximately 1.50 million shares of common stock. On January 17, 2018, Commvault’s Board of Directors extended the expiration date of the share repurchase program to March 31, 2019 and authorized a $100.0 million increase to the existing share repurchase program, with $133.7 million available as of the date of earnings release.

Stock Performance Snapshot

January 30, 2018 – At Tuesday’s closing bell, Commvault Systems’ stock declined 1.65%, ending the trading session at $53.80.

Volume traded for the day: 690.36 thousand shares, which was above the 3-month average volume of 472.63 thousand shares.

Stock performance in the last month – up 2.48%; previous three-month period – up 4.77%; past twelve-month period – up 7.92%; and year-to-date – up 2.48%

After yesterday’s close, Commvault Systems’ market cap was at $2.44 billion.

The stock is part of the Technology sector, categorized under the Application Software industry.

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SOURCE: Active-Investors

ReleaseID: 487458