September 16, 2024
 
 

Small Stocks, Big Money™

Weekly Newsletter
REDCHIP.COM
 
 
Mobilicom Reports 232% Revenue Growth for First Half of 2024, Driven by Major U.S. and Israeli Contracts
 
Mobilicom (Nasdaq: MOB) announced impressive financial results for the first half of 2024, with a 232% year-over-year revenue increase to $1.8 million, largely fueled by production orders from Tier-1 U.S. and Israeli defense customers. Operating costs remained steady, while EBITDA improved by 37%. The company holds a strong cash position of $10 million, allowing for strategic growth. Key orders, including from the U.S. Department of Defense and Israel’s Ministry of Defense, underscore growing demand for Mobilicom’s cybersecure drone and robotics solutions amid rising global defense needs.
 
 
 
 
 
 
 
 
Gorilla Technology Group Launches $6 Million Share Buyback Amid Perceived Undervaluation
 
Gorilla Technology Group (Nasdaq: GRRR) announced a $6 million share buyback, citing significant undervaluation of its stock after a sharp market cap drop from $650 million to $35 million. The company plans to repurchase 1.1 million shares within five days, supported by strong cash reserves of over $40 million. CEO Jay Chandan emphasized the buyback as a strategic move to boost shareholder value and reflect Gorilla's solid financial position, including real estate assets valued at $25 million. Unaudited H1 2024 financials are expected by September 30, 2024.
 
 
 
 
 
 
 
OS Therapies Reports Positive Preclinical Data for Ovarian Cancer Therapy Using Tunable ADC Platform
 
OS Therapies (NYSE American: OSTX) announced strong preclinical results for its ovarian cancer therapeutic candidate, developed using its proprietary tunable Antibody Drug Conjugate (tADC) platform. The folate receptor alpha-targeting drug conjugate (FRA-H) demonstrated significant tumor reduction in mouse models, with no observed safety issues such as bodyweight loss. This proof-of-concept success showcases the potential of OS Therapies' SiLinker™ technology to deliver multiple therapeutic agents selectively to tumors, paving the way for future preclinical and clinical candidates. The global ADC market is projected to reach $20.9 billion by 2030.
 
 
 
 
 
 
 
 
 
 
Zomedica Enhances Manufacturing and Distribution Capacity with Facility Renovation
 
Zomedica Corp. (NYSE American: ZOM) completed renovations at its 30,000-square-foot manufacturing, distribution, and R&D center in Plymouth, Minnesota, significantly boosting its production capacity. The upgrades include an expanded cleanroom and a new automated line capable of producing up to one million TRUFORMA® cartridges annually, improving efficiency and meeting rising demand. This state-of-the-art facility will support the continued growth of the TRUFORMA diagnostic platform, which offers highly precise, point-of-care diagnostics for equine and companion animals. Zomedica remains focused on advancing its veterinary health solutions.
 
 
 
 
 
 
 
Conor McGregor Increases Stake in Alta Global Group, Strengthens Partnership as Brand Ambassador
 
Global MMA icon Conor McGregor expanded his ownership in Alta Global Group (NYSE American: MMA) through a performance-based share agreement, receiving up to 700,000 performance share rights tied to share price milestones of up to $20 per share. As Alta’s global ambassador, McGregor will leverage his influence over 63 million followers and 640 million UFC fans to promote Alta’s platforms, including TrainAlta.com and Hype.co. This partnership is expected to drive significant growth for Alta, aligning McGregor’s success with the company’s expansion in the combat sports sector.
 
 
 
 
 
 
 
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
 
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Upcoming Events
 
 
18
 
 
Sep 2024
 
NASDAQ: SNGX - Soligenix
4:15pm Eastern
 
Soligenix Inc is a late-stage biopharmaceutical company based in the United States. It focuses on developing and commercializing products to treat rare diseases where there is an unmet medical need.
 
 
 
 
 
 
 
24
 
 
Sep 2024
 
NASDAQ: CELZ - Creative Medical Technology Holdings
4:15pm Eastern
 
Creative Medical Technology Holdings Inc is a biotechnology holding company focused on regenerative medicine. It is formed for the purpose of creating and licensing intellectual property in the area of amniotic fluid derived stem cells for therapeutic applications.
 
 
 
 
 
 
 
25
 
 
Sep 2024
 
NASDAQ: MOB - Mobilicom
04:15pm Eastern
 
Mobilicom provides cybersecurity and robust solutions for drones and robotics. The Company is positioned to capture market leadership as the top end-to-end provider of hardware and software solutions in the rapidly growing defense and commercial drone and robotics market, a total addressable market expected to reach $8.5 billion by 2026.
 
 
 
 
 
 
 
26
 
 
Sep 2024
 
NASDAQ: LOBO - LOBO EV
04:15pm 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.
 
 
 
 
 
 
 
Archived Events
 
 
12
 
 
Sep 2024
 
NASDAQ: ENLV - Enlivex Therapeutics
11:00am 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.
 
 
 
 
 
 
 
11
 
 
Sep 2024
 
NYSE American: CLDI - Calidi Biotherapeutics
4:15pm Eastern
 
Calidi Biotherapeutics is a clinical-stage immuno-oncology company with proprietary technology designed to arm the immune system to fight cancer.
 
 
 
 
 
 
 
10
 
 
Sep2024
 
NASDAQ: STSS - Sharps Technology
4:15pm Eastern
 
Sharps Technology is an innovative medical device and pharmaceutical packaging company offering patented, best-in-class smart-safety syringe products to the healthcare industry.
 
 
 
 
 
 
Quote of the Week
 
"You are neither right nor wrong because people agree with you."
— Benjamin Graham
 
 
RedChip TV
 
 
 
 
RedChip TV Highlights ASP Isotopes (NASDAQ: ASPI) & Mobilicom Ltd. (NASDAQ: MOB)
 
 
 
 
 
 
 
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
 
Tracking insider buying is a way to find situations that warrant attention.
 
 
 
 
 
 
 
MidSouth Week in Review
 
Inflation slows to 3-year low and the overall prices to have risen 2.6% from a year ago.