RedChip Companies
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Weekly Newsletter
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Siyata Mobile Announces Fourth Quarter and Year-End 2021 Financial Results
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Siyata Mobile Inc. (NASDAQ:SYTA,SYTAW), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced its financial results for the three and twelve months ended December 31, 2021.
"2021 was a pivotal and transformational year for Siyata," said Marc Seelenfreund, Founder and CEO of Siyata. “We saw revenue growth this year, growing 26% over 2020 which was driven by demand for our products in the EMEA region. The launch of the SD7, our newest push-to-talk ruggedized device, and the accompanying vehicle kit accessory, the VK7, received initial orders in early December. This new and refreshed product lineup, combined with our expanded partnerships and key new sales hires will provide a strong foundation for further strong growth moving into 2022."
Revenues for the year ended December 31, 2021, were $7,545,488 compared to $5,989,772 for the year ended December 31, 2020. This positive variance of $1,555,716 (26.0%) is mainly due to the increase in EMEA (Europe, the Middle East, and Africa) sales by $1,625,000. On a product-by-product comparison, booster sales increased year-over-year by $1,569,000 (59% year-over-year increase) due to increased booster sales in the United States, specifically in the industrial marketplace.
For more information, visit www.siyatamobile.com
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American Resources Corporation Establishes Additional Cash Flow Stream By Leasing Non-Core Mining Complex to Third-Party Operator
American Resources Corporation (NASDAQ:AREC), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that it has entered into a multi-year lease of it Deane Mining complex to a high quality, local, third-party operator named Bluegrass Resources.
“This lease allows us to continue to capitalize on the current environment by monetize our noncore assets, help keep the community working and brings additional value to our shareholders,” Mark Jensen, CEO of American Resources Corporation commented. “We have known the owners of Bluegrass Resources, for a number of years and have confidence in their ability to execute and create value for our shareholders and theirs."
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Nutriband Inc. Reports Revenue Up 56% in Fiscal 2022 to a Record $1.4M
Nutriband Inc. (NASDAQ: NTRB), a developer of transdermal pharmaceutical products, today announced financial and operational results for the fiscal year ended January 31, 2022. Key highlights included:
- Generated record revenue of $1.4 million, up 56% over the prior fiscal year
- Completed uplisting to Nasdaq Capital Market in October 2021 and concurrent offering that raised total gross proceeds of approx. $8.7 million
- Stockholders' equity increased 28% to 11.9 million
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1847 Holdings Announces NYSE American Listing Approval
1847 Holdings LLC (OTCQB: EFSH), a publicly traded holding company platform that combines the attractive attributes of private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today announced that, subject to meeting all requirements (including the price requirement) at the time of listing, the Company has been approved to uplist to the NYSE American Exchange in conjunction with an underwritten public offering of the Company’s common stock and warrants. The ticker symbol for the Company’s common stock will remain unchanged, as “EFSH,” and the ticker symbol for the Company’s warrants will be “EFSHWS” The stock and warrants are expected to commence trading at the opening of trading on April 29, 2022.
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BTCS Adds Kava to its Blockchain Infrastructure Operations
BTCS Inc. (NASDAQ: BTCS), a blockchain technology-focused company, announces the addition of Kava to its blockchain infrastructure operations. Growing from a $3M Initial Exchange Offering in 2019, Kava is now a $913M layer-1 blockchain protocol with a decentralized lending platform at its core.
Kava is the native token of the Kava.io platform, which allows users to borrow the stable coin, USDX, and deposit a robust variety of other digital assets to earn a high yield. Kava uses price oracles to maintain the USDX price with the U.S. dollar.
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Upcoming Events |
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NASDAQ: MTEK - Maris-Tech |
4:15pm Eastern |
Maris-Tech is a leading B2B provider of intelligent video transmission technology, founded by veterans of the Israel technology sector with extensive electrical engineering and imaging experience. |
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OTCQB: DEFTF - DeFi Technologies |
11:00am Eastern |
DeFi Technologies builds and manages assets in the rapidly emerging decentralized financial market, providing institutional and retail investors easy access to previously unseen returns through innovative projects and groundbreaking protocols that are fundamentally reshaping the global financial system. |
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NASDAQ: ARDS - Aridis Pharmaceuticals |
4:15pm Eastern |
Aridis Pharmaceuticals is a late-stage clinical development company, leading the creation of transformative, first-in-class anti-infectives for life-threatening viral and bacterial respiratory infections. |
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NASDAQ: MDGS - Medigus Ltd |
11:00am Eastern |
Medigus Ltd is an Israel-based medical device company. It is engaged in the development, manufacturing, and marketing of surgical endostaplers and direct vision systems for minimally invasive medical procedures. |
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Archive Events |
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OTC: YAYO - EVmo Inc. |
Meeting Duration 27 minutes |
EVmo, Inc. bridges the gap between rideshare drivers in need of a suitable vehicle and rideshare companies that depend on attracting and keeping drivers. |
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NASDAQ: BIVI - BioVie |
Meeting Duration 34 minutes |
BioVie Inc. is a clinical-stage company developing what it believes will be transformative therapies to overcome unmet medical needs in neurodegeneration and liver disease. |
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NASDAQ: RNAZ - TransCode Therapeutics |
Meeting Duration 44 minutes |
TransCode Therapeutics is developing therapeutic and diagnostic candidates designed to deliver on the promise of RNA in oncology. |
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Lesson of the Week
Don't let emotions drive your investment decisions.
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MidSouth Week in Review
Year-to-date, the S&P has had its worst start since 1942.
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