2021-11-24 DCM FI
Analyst Articles

DCM Q3 Financials In-line as Consolidation Improves Cash Flow

We have written a 19-page Update Report on DCM. The communications and marketing solutions provider continues its “Digital-First” strategy and leveraging its existing platforms for direct-to-print applications, marketing and workflow management, and DAM solutions. Revenue was $56.9M, up 3.1% from $55.2M in Q2/2021. Adjusted EBITDA was $9.4M and improved cash flow reduced debt in the quarter by $2.8M. We are maintaining a Buy rating and increasing the one-year price target to $3.75/share from $3.60/share. [more]

Xortx - Update Report - Logo and Tag Line
Analyst Articles

XORTX Moving to the Next Phase

New 25-page Update Equity Research Report on XORTX, with a Buy rating and one-year price target of $26.00/share. The Company has two potential late-stage drugs in development focused on kidney diseases with one drug that could be approved within the next 18 months and the other drug that could have an orphan drug indication on the market in 2025. [more]

Analyst Articles

Moovly – Product Potential Overshadowed by Quarterly Sales Drop

Revenue was down 20% year-over-year as COVID-19 sales bump eases. Moovly’s sales for the quarter were $0.30 million, a decrease of 20%, compared to $0.37 million in the same quarter a year ago, and lower than our estimate of $0.70 million. We are lowering our sales estimates and target price but still believe there are large revenue opportunities with Enterprise clients and Marketing agencies. [more]

Analyst Articles

Leafly to Go Public in a $532M SPAC Deal

The cannabis company, Leafly Holdings has announced to go public in a SPAC deal with Merida Merger Corp. I, a company sponsored by Merida Capital Holdings. The deal is expected to raise up to $161.5M in cash and should help Leafly expand its business in newly legalized markets. [more]

Analyst Articles

WOW! Books 63% Y/Y Revenue Gain in Latest Quarter

WOW! recorded revenue of $18.8 million, up 25% from the previous quarter, and its fourth consecutive quarter of positive EBITDA. As of June 30, 2021, it had a backlog of $77.5 million with another $3.3 million of contracts signed after the quarter-end. The Board of Directors continues to analyze ways to maximize shareholder value as the Company is trading at only 0.9x EV/LTM Revenue, well below its peers. [more]

Lightning eMotors deal with Forest River ECV
Analyst Articles

Shares of Lightning eMotors up 89% after signing $850M deal with Berkshire Hathaway-backed Forest River but Stock Retreats just as Fast

Lightning eMotors, a leading supplier of specialty commercial electric vehicles for fleets, signed an $850 million strategic partnership deal with Forest River, a Berkshire Hathaway company and North America’s largest shuttle bus manufacturer. With this deal, Lightning eMotors plans to deploy up to 7,500 zero-emission shuttle buses in the UK and Canada by 2025. [more]