July 15, 2024
 
 

Small Stocks, Big Money™

Weekly Newsletter
REDCHIP.COM
 
 
Soligenix’s HyBryte™ Shows Promising Early Results in CTCL Treatment Extension
 
Soligenix (Nasdaq: SNGX) announced encouraging interim results from their extended HyBryte™ treatment study for early-stage cutaneous T-cell lymphoma (CTCL), funded by a $2.6 million FDA Orphan Products Development Grant. Under the leadership of Dr. Ellen Kim at the University of Pennsylvania, six patients have been treated, with 75% of those completing 12 weeks achieving significant improvement. The study supports HyBryte™'s safety and efficacy, suggesting potential as a long-term treatment option for this rare and challenging disease. Further updates are anticipated as the study progresses.
 
 
 
 
 
 
 
 
bioAffinity Technologies Sees Explosive 217% Growth in Q2 Sales for CyPath® Lung
 
bioAffinity Technologies (Nasdaq: BIAF) announced an impressive 217% increase in Q2 sales for its CyPath® Lung test, prompting an 85% raise in the company's full-year sales forecast. This surge surpasses their previous forecast by 75%, driven by the expanding customer base of pulmonology practices. CyPath® Lung, a noninvasive test for early lung cancer detection, is gaining traction in Texas and beyond, with private insurers now reimbursing the $1,900 test. Projected 2024 revenue for Precision Pathology Laboratory Services, including CyPath® Lung, is between $9.2 and $9.6 million, reflecting the growing market potential.
 
 
 
 
 
 
 
GreenPower Showcases its EV School Bus Safety at STN Reno
 
GreenPower Motor Company Inc. (Nasdaq: GP) will showcase its innovative all-electric, zero-emission school buses at the School Transportation News (STN) Expo in Reno, Nevada, from July 12 to 17, 2024. GreenPower’s President, Brendan Riley, emphasizes the company's dedication to safe and sustainable school transportation. Featured vehicles include the award-winning Type A Nano BEAST and Type D BEAST, both designed to offer maximum safety and reliability. Attendees can experience these buses firsthand during a ride and drive event on July 14. GreenPower executives will also be available for one-on-one meetings to discuss funding opportunities for school districts.
 
 
 
 
 
 
 
 
 
 
Biotricity Accelerates Path to EBITDA Positive
 
Biotricity (Nasdaq: BTCY) announced an accelerated timeline to achieving EBITDA positive by the end of 2024, propelled by strategic initiatives and technological advancements. CEO Dr. Waqaas Al-Siddiq highlighted the company's transformative fiscal 2024, marked by a 25.2% revenue increase, improved margins, and reduced operating expenses. Key drivers include the expansion of the Cardiac AI Cloud platform and strategic partnerships with Group Purchasing Organizations, covering 90% of U.S. hospitals. With recent Health Canada approval for Biocore, Biotricity is also poised for significant growth in the $1.56 billion Canadian cardiology market, and is targeting a $35 billion total addressable global market.
 
 
 
 
 
 
 
UPS Executive, Jim Lambis Joins Spectaire Board of Directors
 
Spectaire Holdings (Nasdaq: SPEC) announced the appointment of Jim Lambis, VP of Buildings and Systems Engineering at UPS International, to its board of directors. Lambis, an expert in emissions management and logistics, will enhance Spectaire’s commercialization efforts with his strategic and operational expertise. CEO Brian Semkiw highlighted Lambis's potential to optimize systems and boost operational efficiencies as the company scales. With the global air quality monitoring market projected to grow from $5.1 billion in 2022 to $8.9 billion by 2030, Spectaire is poised for significant expansion under Lambis’s guidance.
 
 
 
 
 
 
 
Recent Research Coverage Updates
 
Company Rating Price Target Firm Report Date
GreenPower Motor (Nasdaq: GP) Buy $5 Maxim July 2, 2024
GreenPower Motor (Nasdaq: GP) Hold n/a BTIG July 1, 2024
GreenPower Motor (Nasdaq: GP) Buy $3 Roth April 1, 2024
BioVie (Nasdaq: BIVI) Buy $3 ThinkEquity July 1, 2024
Calidi Biotherapeutics (NYSE American: CLDI) Buy $1 Ladenburg Thalman June 27, 2024
Calidi Biotherapeutics (NYSE American: CLDI) Buy $1 Rodman & Renshaw June 27, 2024
Calidi Biotherapeutics (NYSE American: CLDI) Buy $2 RW Baird May 14, 2024
Unusual Machines (NYSE American: UMAC) Buy n/a ThinkEquity June 17, 2024
Soligenix (Nasdaq: SNGX) n/a $4.15 Zacks Research June 14, 2024
Enlivex Therapeutics (Nasdaq: ENLV) Buy $6 HC Wainwright June 11, 2024
Sixty Degrees Pharma (Nasdaq: SXTP) Hold n/a HC Wainwright June 6, 2024
Sixty Degrees Pharma (Nasdaq: SXTP) Buy n/a Ascendiant May 21, 2024
American Resources (Nasdaq: AREC) Buy n/a HC Wainwright June 3, 2024
 
 
 
 
Small Stocks, Big Money™ Podcast
 
The podcast features in-depth interviews with CEO’s from the top names in small-cap stocks, providing listeners with a unique perspective not found anywhere else.
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Upcoming Events
 
 
24
 
 
July 2024
 
NASDAQ: LOBO - LOBO EV
4:15pm Eastern
 
LOBO EV, headquartered in Wuxi, China, is a pioneering OEM and ODM manufacturer and seller of electric vehicles (EVs), including e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles, tailored for various demographics, including mobility solutions for the elderly and disabled.
 
 
 
 
 
 
 
25
 
 
July 2024
 
NASDAQ: NTRB - Nutriband Inc.
4:15pm Eastern
 
Nutriband Inc is primarily engaged in the development of a portfolio of transdermal pharmaceutical products. AVERSA technology is the company's lead product that incorporates aversive agents to prevent the Abuse, Diversion, Misuse, and Accidental exposure of drugs with abuse potential specifically Opioids. The majority of the revenue is generated from the sale of goods that include consumer transdermal and coated products.
 
 
 
 
 
 
 
Archived Events
 
 
27
 
 
June 2024
 
NASDAQ: GENE - Genetic Technologies Limited
4:15pm Eastern
 
Genetic Technologies Limited is a diversified molecular diagnostics company developing tools for the prediction and assessment of chronic disease risk to help physicians proactively manage patient health.
 
 
 
 
 
 
 
26
 
 
June 2024
 
NASDAQ: BIVI - BioVie Inc.
4:15pm Eastern
 
BioVie Inc. (NASDAQ: BIVI) is a clinical-stage company developing what it believes will be transformative therapies to overcome unmet medical needs in neurodegeneration and liver disease.
 
 
 
 
 
 
 
25
 
 
June 2024
 
NASDAQ: ENLV- Enlivex Therapeutics
4:15pm Eastern
 
Enlivex Therapeutics Ltd is an Israel-based development-stage biopharmaceutical company. It is focused on developing and commercializing an allogeneic drug pipeline for rebalancing immune hyper-responses.
 
 
 
 
 
 
Quote of the Week
 
"In the business world, the rearview mirror is always clearer than the windshield."
— Warren Buffett
 
 
RedChip TV
 
 
 
 
RedChip TV Highlights Bioaffinity Technologies (NASDAQ:BIAF) & Biotricity Inc. (NASDAQ: BTCY)
 
 
 
 
 
 
 
Order "Small Stocks, Big Money™ Today!
 
Dave Gentry's new book, Small Stocks, Big Money: Interviews With Microcap Superstars, is now available for pre-order. Published by Wiley Finance, this first-hand perspective and insider information on the fast world of microcap investing is now available for purchase.
 
 
 
 
 
 
 
Lesson of the Week
 
Learn about Beta and what it means for your portfolio returns in this week's lesson.
 
 
 
 
 
 
 
MidSouth Week in Review
 
The longest since 2021 with all 11 of its sectors advancing. Interest rates on the 30-year bonds dropped to 6.89% vs. 6.95% last week.