October 7, 2024
 
 

Small Stocks, Big Money™

Weekly Newsletter
REDCHIP.COM
 
 
Gorilla Technology Delivers Explosive Growth in H1 2024 with 222% Surge in Sales and Record Profits
 
Gorilla Technology (Nasdaq: GRRR) achieved exceptional financial performance in the first half of 2024, reporting a 222% revenue increase to $20.67 million and a 456% surge in gross profit to $17.68 million. The company also recorded a net profit of $1.61 million, a significant turnaround from a $7.27 million loss in H1 2023. This impressive performance was driven by its AI-driven solutions and strategic cost reductions. Gorilla expects to surpass $72 million in revenue for 2024, positioning itself as a leader in AI and technology innovation across global markets.
 
 
 
 
 
 
 
 
GreenPower Secures Follow-On Order for 10 EV Star Passenger Vans from Washington University
 
GreenPower Motor Company (Nasdaq: GP) received a second order from Washington University in St. Louis for 10 additional EV Star Passenger Vans, expanding its fleet of all-electric, zero-emission vehicles for on-campus student transportation. The university has already been using five EV Star Vans for over two years, enhancing sustainable and safe mobility options for students. These new vans will feature wheelchair accessibility and optional bike racks, further supporting GreenPower's mission to deliver versatile, eco-friendly transportation solutions.
 
 
 
 
 
 
 
OS Therapies Announces Completion of Last Patient Visit in OST-HER2 Osteosarcoma Phase 2b Clinical Trial
 
OS Therapies (NYSE American: OSTX) has completed the final patient visit in its Phase 2b clinical trial for OST-HER2, a groundbreaking immunotherapy for recurrent, resected Osteosarcoma. With all 41 patients now evaluated, the company is preparing for data analysis and expects to release topline results in Q4 2024. The OST-HER2 treatment aims to prevent metastasis and recurrence, addressing a critical unmet need in Osteosarcoma therapy.
 
 
 
 
 
 
 
 
 
 
Mobilicom Secures Follow-On Order from Major Defense Supplier
 
Mobilicom (Nasdaq: MOB) received a $530,000 order from a Tier-1 Israeli defense supplier, bringing total purchases from the customer to $1.7 million in under a year. This prime vendor for Lockheed Martin provides loitering munitions and defense systems to over 40 countries, including EU and NATO members. Mobilicom’s SkyHopper Pro Micro datalink, selected for its superior size-to-performance ratio, will be integrated into the customer’s systems. As the small drone market grows, projected to hit $10.4 billion by 2030, Mobilicom is positioned to capitalize on rising demand for advanced military technologies.
 
 
 
 
 
 
 
Phoenix Motor Reports Record $9.4 Million Revenue and $14.8 Million Net Income for Q1 2024
 
Phoenix Motor Inc. (NASDAQ: PEV) posted record financial results for Q1 2024, with revenue surging to $9.4 million, up from $1.8 million in Q1 2023. The company reported a net income of $14.8 million, a major turnaround from a $2.8 million loss last year, largely due to its acquisition of Proterra's Transit business. Phoenix Motor’s strengthened capital structure and expanded its product line position the company for continued growth in the rapidly evolving electric vehicle market.
 
 
 
 
 
 
 
Recent Research Coverage Updates
 
Company Rating Price Target Firm Report Date
ASP Isotopes (Nasdaq: ASPI) Buy $4.50 Cannacord Genuity October 4, 2024
LOBO EV (Nasdaq: LOBO) Buy $5 Zacks Small-Cap Research May 15, 2024
GreenPower Motor (Nasdaq: GP) Buy $1.65 Roth August 15, 2024
Enlivex Therapeutics (Nasdaq: ENLV) Buy $13 EF Hutton August 27, 2024
GreenPower Motor (Nasdaq: GP) Buy $3 RF Lafferty September 11, 2024
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
 
 
1
 
 
Oct 2024
 
NASDAQ: NVA - Nova Minerals Limited
4:15pm Eastern
 
Nova Minerals is a gold, antimony and critical Minerals exploration and development company focused on advancing the Estelle Project.
 
 
 
 
 
 
 
10
 
 
Oct 2024
 
OTC: CBDW - 1606 Corp.
4:15pm Eastern
 
Genetic Technologies Limited (ASX: GTG; Nasdaq: GENE) is a diversified molecular diagnostics company. A global leader in genomics-based tests in health, wellness, and serious disease through its geneType and EasyDNA brands.
 
 
 
 
 
 
 
Archived Events
 
 
2
 
 
Oct 2024
 
NASDAQ: GENE - Genetic Technologies Limited
4:15pm Eastern
 
Genetic Technologies Limited (ASX: GTG; Nasdaq: GENE) is a diversified molecular diagnostics company. A global leader in genomics-based tests in health, wellness, and serious disease through its geneType and EasyDNA brands.
 
 
 
 
 
 
 
1
 
 
Oct 2024
 
NASDAQ: CELZ - Creative Medical Technology Holdings
4:15pm Eastern
 
Creative Medical Technology Holdings Inc is a biotechnology holding company focused on regenerative medicine.
 
 
 
 
 
 
Quote of the Week
 
"Even being right 3 or 4 times out of 10 should yield a person a fortune, if he has the sense to cut his losses quickly on the ventures he has been wrong."
— Bernard Baruch
 
 
RedChip TV
 
 
 
 
RedChip TV Highlights Alliance Entertainment Holding (NASDAQ: AENT) & Nova Minerals Ltd. (NYSE: NVA)
 
 
 
 
 
 
 
CEO Interview: Learn How 1606 Corp. is Shaping the Future of CBD E-Commerce Efficiency
 
 
 
 
 
 
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
 
Understand everything you can about a company and you’ll increase the odds of your success.
 
 
 
 
 
 
 
MidSouth Week in Review
 
U.S. economy added 254,000 jobs in September. The U.S. economy added 107,00 more jobs than expected last month.