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$XPHYF Featured on Gamechangers LIVE

XPhyto Therapeutics (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) was featured in a recent episode of Gamechangers LIVE, a podcast series that shines a spotlight on individuals who are gamechangers in their fields and shares perspective on their journeys, mindsets, struggles and successes in an effort to inspire and inform listeners. XPhyto Therapeutics’ CEO and Director, Hugh Rogers, joined the broadcast, hosted by Executive Coach and Speaker Sergio Tigera, to discuss the company’s various lines of business, including its work to scale industrial production of pharmaceutical-grade psychedelics. “The psychedelic space is really exciting. This is absolutely the cutting edge of mental health treatment for everything —depression, anxiety, trauma-related counseling, PTSD, addiction treatment. The preliminary data looks extremely promising,” Rogers said. “These are new classes of drugs. They’ve been around for a long time and, in some cases, have been used for thousands of years in traditional medicine. It’s really just sort of been the past couple of years that there’s an opportunity for a corporate entity to take this on. We’re just getting started here.”

To view the full press release, visit https://ibn.fm/3enFn

About XPhyto Therapeutics Corp.

XPhyto Therapeutics works with the most promising disrupters in the pharmaceutical industry; accelerates research and technology development; and commercializes products with an entrepreneurial approach and a commitment to efficiency, effectiveness and accessibility. The company’s network spans Europe and North America, with companies at the forefront of diagnostics and drug formulations, and universities specializing in research on the use of psychedelics and cannabinoids. To learn more, visit the company’s website at www.Xphyto.com.

NOTE TO INVESTORS: The latest news and updates relating to XPHYF are available in the company’s newsroom at http://ibn.fm/XPHYF

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

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Thursday, May 6th, 2021 News Comments Off on $XPHYF Featured on Gamechangers LIVE

$UUUU Energy Industry – Exploration and Production 2021 Q1 Review and Outlook

ENERGY INDUSTRY OUTLOOK

Exploration and Production: 2021-1Q Review and Outlook

Oil Prices

Oil prices continued their upward trend in the first quarter with WTI prices reaching mid-sixties in early March before closing the quarter closer to $60/bbl. Brent oil prices are trading approximately 5% above WTI prices. Improving global economic trends have improved the outlook for oil demand. OPEC, which initiated supply reductions last year, has maintained those reductions despite the improved demand outlook. Near-term, temporary events such as cold weather and the blockage of the SUEZ canal have helped keep spot prices high. The oil future curve is flat with longer-term pricing just below $60/bbl.

Meanwhile, domestic producers have been slow to react to higher oil prices. There are slightly more than half the number of active oil rigs in the United States versus this time last year (324 verses 624) and only 25% of the rigs operating at peak (1600). Note in the graph below how WTI oil prices began rising in the fall of 2020, but the rig count barely responded. International rig counts show a similar story. We are somewhat at a loss to explain the slow supply reaction to higher prices. Perhaps COVID issues are making it difficult to man the crews needed to run rigs. Perhaps producers are wary of supply bottlenecks that pushed oil prices into negative levels last fall. Perhaps producers believe OPEC will punish U.S. producers that expand when prices cross $50/bbl. by opening up supply and driving prices back down below $40/bbl. Whatever the reason, the lack of a supply response has the effect of keeping oil prices above the levels we believe would occur when supply and demand are in balance.

Natural Gas Prices

Natural gas prices followed oil prices up in January and February due to much-publicized cold fronts across the Midwest. The May contract peaked at $3.22/mcf on February 16th. However, prices fell in March when warmer weather took over. Current prices are near $2.60/mcf, close to where they began the quarter. Natural gas futures rise modestly as they stretch into the fall approaching $2.75/mcf. There were 92 gas drilling rigs in operation as of March 26th down from 102 rigs a year ago.

The recent decline in natural gas prices mirrors what can be seen in the natural gas storage numbers. Storage began the winter near full capacity but has fallen sharply in January and February due to cold weather. At current levels, storage is near 5-year averages. As we enter the end of the heating season, there is little chance that levels will move away from average levels.

Energy Stocks

Energy stocks, as measured by the XLE Energy Index, rose alongside oil prices climbing 32% during the quarter. The chart below shows that the performance of energy stocks in comparison to the S&P Composite Index.

Outlook

The rebound in oil prices came faster than expected and is staying higher than we would have expected. We have been adjusting our models to reflect higher prices but are maintaining our long-term oil price forecast of $50 per barrel and $2.50 per mcf. Energy companies should start reporting positive cash flow at these prices and increasing drilling budgets.

Our near-term outlook for energy stocks remains positive. We expect companies to report favorable results for the next few quarters. Longer-term, we have concern that oil demand will be constrained by power generation competition from renewable energy and decreased demand for gasoline and diesel due to a growth in electric vehicles. At the same time, increased supply from OPEC and continued drilling productivity will mean lower energy prices. We recommend investors stay focused on energy companies with solid balance sheets, low operating costs and protected prices.

NOBLE QUARTERLY HIGHLIGHTS

Capstone Green Energy – NasdaqGS: CGRN

Industry: Energy – Green energy; Heavy electrical equipment

Capstone Green Energy (Capstone or CGRN) is a leading producer of microturbine-based low emission energy systems. Microturbines are small combustion turbines that use a variety of fuels such as natural gas, biogas, RNG and hydrogen to generate electricity, thermal energy, and air-conditioning. Microturbines are customizable and efficient, reducing the emission of pollutants and greenhouse gases. Capstone’s microturbines are scalable, and systems range from 30 kilowatts to 10 megawatts. Capstone has shipped nearly 10,000 units to 83 countries.

1st Quarter News Highlights:

March 11, 2021: Capstone Turbine Corp. announces that it continues to expand the range of non-fossil fuels able to power its innovative microturbine based energy solutions. With the signing of a new OEM agreement with Professor Dr. Berg & Kießling GmbH (B+K), Capstone immediately received an order for the first Capstone microturbine kit under the new agreement. The Capstone microturbines will be integrated into the innovative B+K ClinX product. The ClinX product uses renewable sources instead of fossil fuels and thus prevents unnecessary CO2 emissions.

Energy Fuels, Inc. – NYSE American: UUUU

Industry: Energy – Mineral energy; Uranium; Rare earth minerals and metals

Energy Fuels is a U.S.-based uranium mining company, supplying uranium concentrate to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant. Energy Fuels owns the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (ISR) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. and has the ability to produce vanadium when market conditions warrant. Energy Fuels’ common stock trades on the NYSE American under the trading symbol “UUUU” and the Toronto Stock Exchange under the trading symbol “EFR”.

1st Quarter News Highlights:

March 9, 2021: The company announces that the first shipments of natural monazite ore arrived at the Company’s White Mesa Mill (the “Mill”) in Blanding, Utah this past weekend. This material was separated by The Chemours Company at its Offerman Mineral Sand Plant in Georgia and transported by truck to the Mill. Energy Fuels expects to gradually ramp-up production of an intermediate rare earth element (“REE”) product, called a “mixed REE carbonate.” This product will then advance to REE separation, which is the next stage in the REE value chain. Energy Fuels also expects to recover the uranium in the ore, which will be used as fuel for the generation of clean, carbon-free nuclear energy.

InPlay Oil – OTCQX: IPOOF

Industry: Energy – Oil and gas; Exploration and production

InPlay Oil is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities. The common shares of InPlay trade on the Toronto Stock Exchange under the symbol IPO and the OTCQZ Exchange under the symbol IPOOF.

1st Quarter News Highlights:

March 23, 2021: InPlay Oil held a webcast for the investment community where management expressed its desire to pay down debt and invest in wells with high returns. Management expressed their belief that energy prices are in the sweet spot for the company in the low $60/BBL and believes operating and drilling costs will continue to decline with a decrease in competition.

DOWNLOAD THE FULL REPORT (PDF)

Noble Capital Markets Energy Newsletter Q1 2021

This newsletter was prepared and provided by Noble Capital Markets, Inc. For any questions and/or requests regarding this newsletter, please contact >Francisco Penafiel

DISCLAIMER

All statements or opinions contained herein that include the words “ we”,“ or “ are solely the responsibility of NOBLE Capital Markets, Inc and do not necessarily reflect statements or opinions expressed by any person or party affiliated with companies mentioned in this report Any opinions expressed herein are subject to change without notice All information provided herein is based on public and non public information believed to be accurate and reliable, but is not necessarily complete and cannot be guaranteed No judgment is hereby expressed or should be implied as to the suitability of any security described herein for any specific investor or any specific investment portfolio The decision to undertake any investment regarding the security mentioned herein should be made by each reader of this publication based on their own appraisal of the implications and risks of such decision This publication is intended for information purposes only and shall not constitute an offer to buy/ sell or the solicitation of an offer to buy/sell any security mentioned in this report, nor shall there be any sale of the security herein in any state or domicile in which said offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or domicile This publication and all information, comments, statements or opinions contained or expressed herein are applicable only as of the date of this publication and subject to change without prior notice Past performance is not indicative of future results.

Please refer to the above PDF for a complete list of disclaimers pertaining to this newsletter

Thursday, May 6th, 2021 News Comments Off on $UUUU Energy Industry – Exploration and Production 2021 Q1 Review and Outlook

$TOBAF Changes Corporate Name, Applies for NASDAQ Uplisting

May 6, 2021

TAAT Global Alternatives Inc. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP2) Changes Corporate Name, Applies for NASDAQ Uplisting

  • Company changes name to reflect mission, business objectives
  • TAAT common shares continue to trade under ticker TAAT on CSE
  • Numerous benefits anticipated from potential uplisting to NASDAQ

TAAT(TM) Global Alternatives (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP2) has officially changed its name from TAAT Lifestyle & Wellness Ltd. (https://ibn.fm/bOTjX). The company also submitted an application for its common shares to be listed on the Nasdaq Capital Market, one of the three tiers of the Nasdaq Stock Market (https://ibn.fm/ce9pR).

“Now that we have gained momentum in the USD $814 billion global tobacco industry, we have determined it to be important to ensure the most prominent identifying attributes of the company reflect our mission and business objectives,” said TAAT CEO Setti Coscarella. “Last week, we announced our Beyond Nicotine(TM) initiative based on reports that the Biden administration plans to take action to reduce nicotine content in tobacco cigarettes sold in the United States.

“Our value proposition is built around offering a better alternative for smokers aged 21+, giving them the choice to keep the experiences they enjoy while leaving nicotine behind,” he continued. “With over 1.3 billion users of tobacco worldwide, we believe TAAT and its Beyond Tobacco base material are relevant globally, which led to our board of directors agreeing on the updated name.”

For now, the company’s common shares will continue to trade under the ticker TAAT on the Canadian Securities Exchange, and no change was made to the company’s ticker symbol as a result of the name change.

The request to uplist to the NASDAQ comes only a month after the company was upgraded from the OTCQB Venture Market to the OTCQX Best Market, the highest tier of markets operated by OTC Markets Group Inc. The company anticipates several benefits from its potential uplisting to NASDAQ, including additional opportunities to attract institutional and retail investors, and expanding its investor base to the United States and beyond; greater visibility for TAAT and its business activities and accomplishments, as well as its future growth strategy; possible increased liquidity; and enhanced overall market presence.

TAAT Lifestyle and Wellness has developed TAAT, a tobacco-free and nicotine-free alternative to traditional cigarettes available in Original, Smooth and Menthol varieties. TAAT’s base material is Beyond Tobacco(TM), a proprietary blend that undergoes a patent-pending refinement technique causing its scent and taste to resemble tobacco. Under executive leadership with Big Tobacco pedigree, TAAT was launched first in the United States in Q4 2020 as the company seeks to position itself in the $814 billion global tobacco industry.

For more information, visit the company’s websites at www.TryTAAT.com and www.TAATGlobal.com.

NOTE TO INVESTORS: The latest news and updates relating to TOBAF are available in the company’s newsroom at https://ibn.fm/TOBAF

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Thursday, May 6th, 2021 News Comments Off on $TOBAF Changes Corporate Name, Applies for NASDAQ Uplisting

$SBEV New Distribution Agreement For Copa Di Vino and Pulpoloco Sangria Expands Splash Beverage Group’s Footprint Into North Carolina

May 6, 2021

New Distribution Agreement For Copa Di Vino and Pulpoloco Sangria Expands Splash Beverage Group Inc.’s (SBEV) Footprint Into North Carolina

  • SBEV entered partnership with Johnson Brothers to increase Copa Di Vino and Pulpoloco Sangria distribution in North Carolina
  • SBEV leverages superior production, supply chain efficiencies, global distribution capabilities to rapidly develop, accelerate pre-existing brands for profitable exits
  • Johnson Brothers recently expanded distribution footprint through Mutual Distributing Co. acquisition

Splash Beverage Group (OTCQB: SBEV), a holding company with a leading portfolio of beverage brands, recently announced entry into the North Carolina market through a new partnership with Johnson Brothers – a leading wine, spirits and beer distributor (https://ibn.fm/X2J7C). The agreement includes the distribution of Copa di Vino and Pulpoloco Sangria, two of the company’s leading beverage innovations that combine product quality, technological innovation and proven branding power.

Residents of South Carolina will soon have wide access to SBEV’s Copa di Vino – a premium “wine by the glass” product that can be easily consumed anywhere without requiring a bottle opener or corkscrew. The brand made headlines decades ago on Shark Tank after its founder turned down multiple offers, choosing instead to branch out independently and make tens of millions of dollars on his own before selling the business to SBEV (https://ibn.fm/3Is5j). Its unique packaging is rivaled by SBEV’s premium Pulpoloco Sangria – a fine Sangria imported from Spain using a premium blend of Spanish ingredients. Eco-friendly and biodegradable, Pupoloco Sangria is aseptically filled and packaged in an eco-friendly CARTOCAN(R) container for flavor enhancement and sustainable disposal.

Johnson Brothers (“JB”) has represented industry-leading suppliers as well as notable local brands for nearly 70 years. Along with extensive coverage across North Carolina, the company’s distribution footprint surged once again with the recent acquisition of Mutual Distributing Co. – one of the most extensive wine and beer distributors in the state.

“The partnership with Johnson has our wine/sangria brands joining the most elite domestic and international wines covered by JB in North Carolina,” said SBEV President and Chief of Marketing Bill Meisner. “With 40 years’ experience distributing wine, specialty beers and spirits, we’ve found an ideal partner for this region, complementing our existing distribution in this region.

“Shareholders and consumers alike will recognize a rapid entry to market via established partners that give us a leg up in entering markets throughout the country toward expedited growth and overall exposure for our unique portfolio of beverage brands,” Meisner concluded.

SBEV seeks out trendy brands with special characteristics that include superior ingredients, top quality and health benefits. Along with Copa Di Vino and Pulpoloco Sangria, SBEV’s portfolio also includes TapouT Performance – a natural isotonic hydration & recovery sports drink, and Salt Naturally Flavored Tequila – a fine tequila crafted from handpicked, 100% pure blue agave plants from the mountains of Jalisco, one of the country’s most fertile agave-growing regions.

SBEV strives to maintain high performance standards with a focus on execution, ensuring that distributors and retail partners achieve and exceed all goals. The company’s growth strategy is characterized by superior production, supply chain efficiencies and global distribution capabilities that are leveraged to rapidly develop and accelerate pre-existing brands that can be profitably exited for cash events.

For more information, visit the company’s website at www.SplashBeverageGroup.com.

NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV

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Thursday, May 6th, 2021 News Comments Off on $SBEV New Distribution Agreement For Copa Di Vino and Pulpoloco Sangria Expands Splash Beverage Group’s Footprint Into North Carolina

$POAI Advancing Solutions for ‘Personalized Medicine at Its Finest’

Predictive Oncology (NASDAQ: POAI) has made several advances in providing cancer treatment solutions. Its subsidiary, TumorGenesis, “specializes in technology that preserves a patient’s unique cancer tissue biological signatures, thereby allowing researchers to study cancer in the laboratory using samples that reflect actual tumors found in a patient,” reads a recent article.  TumorGenesis’ transformational technology enables cell lines from patients to represent more than 90% of ovarian cancer cells, a significant improvement from the existing technologies, which can only represent 1% of ovarian tumor cells. “The result, simply stated, assists health providers in selecting the most effective drug to treat a specific patient’s unique cancer – personalized medicine at its finest.”

To view the full article, visit: https://ibn.fm/SbOfh

About Predictive Oncology Inc.

Predictive Oncology operates through three segments (Skyline, Helomics and Soluble Biotech), which contain four subsidiaries: Helomics, TumorGenesis, Skyline Medical and Soluble Biotech. Helomics applies artificial intelligence to its rich data gathered from patient tumors to both personalize cancer therapies for patients and drive the development of new targeted therapies in collaborations with pharmaceutical companies. TumorGenesis Inc. specializes in media that help cancer cells grow and retain their DNA/RNA and proteomic signatures, providing researchers with a tool to expand and study cancer cell types found in tumors of the blood and organ systems of all mammals, including humans. Skyline Medical markets its patented and FDA cleared STREAMWAY System, which automates the collection, measurement and disposal of waste fluid, including blood, irrigation fluid and others, within a medical facility, through both domestic and international divisions. Soluble Biotech is a provider of soluble and stable formulations for proteins, including vaccines, antibodies, large and small proteins and protein complexes. For more information, visit the company’s website at www.Predictive-Oncology.com.

NOTE TO INVESTORS: The latest news and updates relating to POAI are available in the company’s newsroom at http://ibn.fm/POAI

About BioMedWire

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Thursday, May 6th, 2021 News Comments Off on $POAI Advancing Solutions for ‘Personalized Medicine at Its Finest’

$NEXCF VXP Platform Chosen by CANHEIT Conference

Nextech AR Solutions (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a diversified leading provider of augmented reality (“AR”) and its Virtual Experience Platform (“VXP”) will be hosting this year’s Canadian Higher Education Information Technology Conference (“CANHEIT”). CANHEIT is the national conference for IT professionals in higher education. Nextech offers virtual event, live-streaming experiences plus services for 3D ads, ecommerce and education. This year’s conference, which will be online only, is scheduled for May 31 through June 4, 2021. A premier gathering, CANHEIT provides an ideal opportunity for staff, managers and senior administrators responsible for the management and evolution of their campus information and learning systems and digital infrastructure to gather together, network, learn and showcase best practices. Nextech’s VXP will create an immersive, memorable experience where conference participants will be able to enjoy the conference location, Concordia University’s Montreal campus, as they enjoy a virtual exhibitor hall with 30 to 40 chat-enabled exhibitor booths, attend breakout classes and interact in virtual networking spaces. VXP will give attendees access to AR portals showcasing different elements of the campus, allowing them a realistic glimpse of what it’s like to attend the university. “We’re beyond excited to host CANHEIT’s 2021 virtual conference on our VXP and couldn’t be more thrilled to transform their previous in-person conference into a truly immersive virtual experience,” said Nextech CEO Evan Gappelberg in the press release. “Our platform’s stand out AR/VR capabilities coupled with our company’s overarching goal of creating new and exciting ways of bringing global communities together, has allowed us to successfully support dozens of major conferences and events that have made the switch to virtual. We look forward to continuing to bridge the gap between the physical and digital world to encompass the “get out of your seats” experience for attendees.”

To view the full press release, visit https://ibn.fm/GXAxe

About Nextech AR Solutions Corp.

Nextech develops and operates augmented reality (“AR”) platforms that transports three-dimensional (“3D”) product visualizations, human holograms and 360° portals to its audiences altering e-commerce, digital advertising, hybrid virtual events (events held in a digital format blended with in-person attendance) and learning and training experiences. Nextech focuses on developing AR solutions however most of the Company’s revenues are derived from three e-Commerce platforms: vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon.

For more information about the company, please visit www.NextechAR.com.

NOTE TO INVESTORS: The latest news and updates relating to NEXCF are available in the company’s newsroom at http://ibn.fm/NEXCF

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

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Thursday, May 6th, 2021 News Comments Off on $NEXCF VXP Platform Chosen by CANHEIT Conference

$ATER Reports First Quarter 2021 Results

Quarterly Net Revenue Grew 88 % Ye ar-Over-Year to $48.1 Million

Announces Acquisition of Squatty Potty, a Leading Health & Wellness Brand

Announces Closing of Previously Disclosed Photo Paper Direct Acquisition

Company Raises 2021 Net Revenue Outlook Range to $360 Million – $390 Million

NEW YORK, May 06, 2021 (GLOBE NEWSWIRE) — Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) today announced results for the first quarter ended March 31, 2021. Aterian was formerly named Mohawk Group Holdings, Inc. and was renamed Aterian, Inc. on April 30, 2021.

First Quarter 2021 Highlights

  • Net revenue grew 88% year over year to $48.1 million, compared to $25.6 million in the first quarter of 2020.
  • Gross margin improved to 54.1% compared to 40.2% in the first quarter of 2020.
  • Operating loss increased to $(27.8) million, which includes $15.6 million of charges from the change in fair-value of earn out liabilities, compared to an operating loss of $(13.9) million in the first quarter of 2020.
  • Contribution margin improved to 12.7% from negative (2.9)% in the first quarter of 2020.
  • Operating expenses for the first quarter of 2021 were $53.8 million an increase from $24.2 million in the first quarter of 2020.
  • Excluding non-cash stock-based compensation and amortization of intangibles of $8.0 million in the first quarter of 2021 and $7.4 million in the first quarter of 2020 and $15.6 million from the change in fair-value of potential future performance based earnouts from acquisitions in 2021, fixed operating expenses for the first quarter decreased as a percentage of net revenue to 17.5% compared to 22.3% in the first quarter of 2020.
  • Net loss of $(82.6) million, which includes $50.3 million of net charges from the changes in fair-value of and cancellation of warrants and includes $15.6 million of charges from the change in fair-value of earn out liabilities, increased from a net loss of $(15.0) million in the first quarter of 2020.
  • Adjusted EBITDA loss improved to $(1.3) million compared to $(6.4) million in the first quarter of 2020.
  • 21 new products launched in the first quarter compared to 16 in the first quarter of 2020.
  • Total cash balance at March 31, 2021 increased by $8.3 million from December 31, 2020 to $35.0 million.

M&A Update

  • Announces acquisition of Squatty Potty, LLC (“Squatty Potty”), a leading online seller of health and wellness products in an asset purchase transaction.
  • Closes previously announced acquisition of Photo Paper Direct Ltd., (“Photo Paper Direct”), a leading online seller of printing supplies.
  • The historical audit of the 9830 Macarthur LLC acquisition (“Smash”) has been completed and we now expect to file our delayed Form 8K/A no later than May 14, 2021.
  • Currently evaluating a pipeline of potential M&A targets that in total have trailing twelve month’s net revenue of $613 million and trailing twelve month’s EBITDA of $91 million.
  • We are currently in discussions with various top tier investment banks to evaluate financing structures in an effort to capitalize our accelerated M&A strategy and to improve our cost of capital.

Yaniv Sarig, Co-Founder and Chief Executive Officer, commented, “Despite the challenges e-commerce faced with strains on the global supply chain throughout the first quarter, Aterian remains well-positioned to capitalize on the continued global acceleration of e-commerce adoption and expanding market opportunities in the long-term. Due to extreme shortages of containers and backlogs of ships at the Long Beach Port, we suffered from stockouts on some of our top SKUs aggregating to an estimate of approximately $6 million of missed revenue. However, our sourcing, supply chain and operations team continues to work diligently to resolve these issues and we are continuing to monitor this global crisis closely.”

“As a market leading technology-enabled consumer products platform that builds, acquires and partners with best-in-class e-commerce brands, we are happy to announce today that we have closed our previously announced acquisition of Photo Paper Direct. We are excited to formally welcome our first European-based brand to Aterian’s portfolio and pleased about our entrance in the printing supplies category.” Sarig continued, “I am also thrilled to announce the acquisition of Squatty Potty, a category creator with a strong brand and broad customer base. We believe that the business’s significant online presence and brand equity can be further enhanced through investments in international expansion and the launch of additional products. As we bring this brand into the Aterian family, we continue to demonstrate our ability to operate across diverse product categories through leveraging our proprietary technology and agile supply chain. We look forward to building on the strength of this brand.”

Acquisition of Squatty Potty Assets
Aterian has acquired the business of e-commerce and retail company Squatty Potty, LLC (“Squatty Potty”), a leading online seller of health and wellness products in an asset purchase transaction. Founded in 2011, Squatty Potty is a consumer products company whose product lines consist of toilet stools, sprays and other bathroom accessories. Its flagship product, the Squatty Potty stool, is designed to help users assume the squatting position while using the bathroom, delivering fast, complete elimination with comfort and ease. Over the past year, Squatty Potty has diversified and scaled its product offerings while broadening its reach globally. Currently, Squatty Potty products are sold in thousands of retail locations including Bed, Bath & Beyond, Walmart and Target.

Squatty Potty’s unaudited trailing twelve month revenue and operating income, as of March 31, 2021, were approximately $16.8 million and $4.7 million, respectively. As consideration for Squatty Potty’s assets, Aterian paid approximately $19.0 million in cash. The cash payment reflects an approximate 4.0x multiple on the trailing twelve month operating income of Squatty Potty as of March 31, 2021. Aterian also paid approximately $1.1 million as consideration related to acquired inventory. In addition, and subject to the achievement of contribution margin metrics for the year ended December 31, 2021, Aterian agreed to pay Squatty Potty a maximum earnout of approximately $4.0 million, payable in stock or cash at the seller’s discretion. Aterian also agreed to pay Squatty Potty $8.0 million for transition services, payable in stock or cash at the seller’s discretion.

Closing of Photo Paper Direct Acquisition
Aterian today announced it has closed the acquisition of all outstanding stock of e-commerce company Photo Paper Direct Ltd. (“Photo Paper Direct”), a leading online seller of printing supplies. Photo Paper Direct’s unaudited trailing twelve month revenue and operating income, as of December 31, 2020, were approximately $14.6 million and $3.9 million, respectively. As consideration for Photo Paper Direct’s stock, Aterian paid approximately $8.28 million in cash and issued approximately 704,500 shares of Aterian’s common stock. The cash and common stock payments reflect an approximate 4.7x multiple on the trailing twelve month operating income of Photo Paper Direct as of December 31, 2020. Aterian also agreed to pay approximately $5.4 million in cash as consideration related to Photo Paper Direct’s inventory and other working capital assets, including cash on hand of approximately $3.0 million. In addition, and subject to the achievement of certain Adjusted EBITDA metrics by December 31, 2021, Aterian agreed to issue to Photo Paper Direct a maximum earnout of $6.0 million in cash and $2.0 million in Aterian common stock. In connection with the transaction, the former shareholders of Photo Paper Direct signed a five year voting and standstill agreement. This is Aterian’s first European acquisition.

2021 Outlook
As a result of the Squatty Potty acquisition, the Company expects net revenue for full year 2021 to be in the range of $360 million to $390 million up from $350 million to $380 million. For full year 2021, the Company expects Adjusted EBITDA to remain in the range of $30.0 million to $34.0 million.

The most directly comparable GAAP financial measure for Adjusted EBITDA is net loss and we expect to report a net loss for the twelve months ending December 31, 2021, due primarily to quarterly interest expense, net, fair value changes on contingent earnout liabilities from our acquisitions, fair value changes from warrant liabilities from our financings and stock-based compensation expense.

Non-GAAP Financial Measures
For more information on our non-GAAP financial measures and a reconciliation of GAAP to non-GAAP measures, please see the “Non-GAAP Financial Measures and Reconciliations” section below.

Net income is the most directly comparable GAAP financial measure for Adjusted EBITDA. The Company has not reconciled its expectations as to forward-looking Adjusted EBITDA to net income, the most directly comparable GAAP financial measure, because certain items are out of the Company’s control or cannot be reasonably predicted, including that the historical revenue and operating income of Photo Paper Direct and Squatty Potty may not be representative of future revenue and operating income, fair value changes on contingent earnout liabilities from our acquisitions, fair value changes from warrant liabilities from our financings and any other potential acquisitions to be completed that are subject to the completion of the Company’s standard procedures for the preparation and completion of its financial statements and completion of an audit by the Company’s independent registered public accounting firm. Accordingly, a reconciliation of forward-looking Adjusted EBITDA to net income is not available without unreasonable effort.

Webcast and Conference Call Information
Aterian will host a live conference call to discuss financial results today, May 6, 2021, at 5:00 p.m. Eastern Time. To access the call, participants from within the U.S. should dial (888) 895-5479 and participants from outside the U.S. should dial (847) 619-6250 and provide the conference ID: 50154244. Participants may also access the call through a live webcast at https://ir.aterian.io/investor-relations . Please visit the website at least 15 minutes prior to the start of the call to register and download any necessary software. The archived online replay will be available for a limited time after the call in the Investor Relations section of the Aterian website.

About Aterian , Inc.
Aterian, Inc. (Nasdaq: ATER), is a leading technology-enabled consumer products platform that builds, acquires, and partners with best-in-class e-commerce brands by harnessing proprietary software and an agile supply chain to create top selling consumer products. The Company’s cloud-based platform, Artificial Intelligence Marketplace Ecommerce Engine (AIMEE™), leverages machine learning, natural language processing and data analytics to streamline the management of products at scale across the world’s largest online marketplaces, including Amazon, Shopify and Walmart. Aterian has thousands of SKUs across 14 owned and operated brands and sells products in multiple categories, including home and kitchen appliances, health and wellness, beauty and consumer electronics.

Forward Looking Statements

All statements other than statements of historical facts included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements including, in particular, the statements regarding our M&A strategy including our effort to capitalize our accelerated M&A strategy and to improve our cost of capital, our goal of creating a supply chain and technology platform designed to operate e-commerce brands across a wide spectrum of categories, any potential acquisition of additional businesses in the future, our ability to create significant operating leverage and efficiency when integrating companies that we acquire, including through the use of our team’s expertise, the economies of scale of our supply chain and automation driven by our platform, our ability to operate across diverse product categories though leveraging our proprietary technology and supply chain, our expectations regarding future growth internationally and through the development and launch of products under our brands and the acquisition of additional brands, our expectations regarding the continued global acceleration of e-commerce adoption in the long-term and our ability to capitalize on such e-commerce adoption, our expectations regarding global supply chain issues, the estimated amount of missed revenue due to stockouts and our supply chain team’s ability to resolve issues related to container shortages, backlogs of ships and stockouts, our 2021 net revenue outlook, including any expected impact that the acquisitions of Photo Paper Direct and Squatty Potty may have thereon, our expectations regarding our ability to enhance Squatty Potty’s online presence and brand equity through investments in international expansion and the launch of additional Squatty Potty products, and the statements about our expected net income and Adjusted EBITDA for the full year 2021. These forward-looking statements are based on management’s current expectations and beliefs and are subject to uncertainties and factors, all of which are difficult to predict and many of which are beyond our control and could cause actual results to differ materially and adversely from those described in the forward-looking statements. These risks include, but are not limited to, those related to the acquisitions of Photo Paper Direct and Squatty Potty; those related to our ability to create operating leverage and efficiency when integrating companies that we acquire, including through the use of our team’s expertise, the economies of scale of our supply chain and automation driven by our platform; those related to our ability to grow internationally and through the launch of products under our brands and the acquisition of additional brands; those related to the impact of COVID-19, including its impact on consumer demand, our cash flows, financial condition and revenue growth rate; the completion of our customary audit procedures and the audit of any acquired business; our supply chain including sourcing, manufacturing, warehousing and fulfillment; our ability to manage expenses, working capital (including for PPE products) and capital expenditures efficiently; our business model and our technology platform; our ability to disrupt the consumer products industry; our ability to grow market share in existing and new product categories, including PPE; our ability to generate profitability and stockholder value; international tariffs and trade measures; inventory management, product liability claims, recalls or other safety and regulatory concerns; reliance on third party online marketplaces; seasonal and quarterly variations in our revenue; acquisitions of other companies and technologies, our ability to continue to access debt and equity capital (including on terms advantageous to the Company) and the extent of our leverage and other factors discussed in the “Risk Factors” section of our most recent periodic reports filed with the Securities and Exchange Commission (“SEC”), all of which you may obtain for free on the SEC’s website at www.sec.gov.

Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Investor Contact:

Ilya Grozovsky
Director of Investor Relations & Corp. Development
Aterian, Inc.
ilya@aterian.io
917-905-1699

Media Contact:

Andrew Blecher
Communications
andrew@aterian.io

ATERIAN, INC.
Condensed Consolida ted Balance Sheets
(Unaudited)
(in thousands, except share and per share data)

December 31, 2020 March 31, 2021
ASSETS
CURRENT ASSETS:
Cash $ 26,718 $ 34,995
Accounts receivable—net 5,747 7,192
Inventory 31,582 55,026
Prepaid and other current assets 11,111 24,577
Total current assets 75,158 121,790
PROPERTY AND EQUIPMENT—net 169 166
GOODWILL AND OTHER INTANGIBLES—net 78,778 140,473
OTHER NON-CURRENT ASSETS 3,349 3,552
TOTAL ASSETS $ 157,454 $ 265,981
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Credit facility $ 12,190 $ 14,319
Accounts payable 14,856 26,475
Term loan 21,600 21,600
Seller notes 16,231 10,677
Contingent earn-out liability 1,515 18,783
Accrued and other current liabilities 8,340 14,181
Total current liabilities 74,732 106,035
OTHER LIABILITIES 1,841 1,841
CONTINGENT EARN-OUT LIABILITY 21,016 35,951
TERM LOANS 36,483 83,689
Total liabilities 134,072 227,516
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS’ EQUITY:
Common stock, par value $0.0001 per share—500,000,000 shares authorized and
27,074,791 shares outstanding at December 31, 2020; 500,000,000 shares
authorized and 30,590,796 shares outstanding at March 31, 2021
3 3
Additional paid-in capital 216,305 313,911
Accumulated deficit (192,935 ) (275,488 )
Accumulated other comprehensive income 9 39
Total stockholders’ equity 23,382 38,465
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 157,454 $ 265,981


ATERIAN, INC.

Condensed Consolidated S tatements of Operations
(Unaudited)
(in thousands, except share and per share data)

Three Months Ended March 31,
2020 2021
NET REVENUE $ 25,628 $ 48,136
COST OF GOODS SOLD 15,330 22,073
GROSS PROFIT 10,298 26,063
OPERATING EXPENSES:
Sales and distribution 13,910 25,069
Research and development 2,281 2,124
General and administrative 8,003 10,976
Change in fair value of contingent earn-out liabilities 15,645
TOTAL OPERATING EXPENSES: 24,194 53,814
OPERATING LOSS (13,896 ) (27,751 )
INTEREST EXPENSE—net 1,109 4,420
CHANGE IN FAIR VALUE OF WARRANT LIABILITY 30,202
LOSS ON INITIAL ISSUANCE OF WARRANT 20,147
OTHER EXPENSE 25 33
LOSS BEFORE INCOME TAXES (15,030 ) (82,553 )
PROVISION FOR INCOME TAXES
NET LOSS $ (15,030 ) $ (82,553 )
Net loss per share, basic and diluted $ (0.99 ) $ (3.15 )
Weighted-average number of shares outstanding, basic and diluted 15,193,647 26,225,383


ATERIAN, INC.

Condensed Consolidated St atements of Cash Flows
(Unaudited)
(in thousands)

Three Months Ended March 31,
2020 2021
OPERATING ACTIVITIES:
Net loss $ (15,030 ) $ (82,553 )
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization 41 1,204
Provision for sales returns 84 (100 )
Amortization of deferred financing costs and debt discounts 304 3,963
Stock-based compensation 7,439 6,899
Loss from increase of contingent liabilities fair value 15,645
Loss in connection with warrant fair value 30,202
Loss on initial issuance of warrant 20,147
Other 33
Changes in assets and liabilities:
Accounts receivable (3,140 ) (1,445 )
Inventory (8,044 ) (15,355 )
Prepaid and other current assets 540 (4,675 )
Accounts payable, accrued and other liabilities 682 17,573
Cash used in operating activities (17,091 ) (8,495 )
INVESTING ACTIVITIES:
Purchase of fixed assets (18 ) (20 )
Repayments on note payable to Smash (4,737 )
Purchase of Healing Solutions assets (15,280 )
Cash used in investing activities (18 ) (20,037 )
FINANCING ACTIVITIES:
Proceeds from warrant exercise 8,939
Proceeds from cancellation of warrant 16,957
Proceeds from exercise of stock options (112 ) 8,749
Proceeds from initial public offering, net of issuance costs 17,435
Repayments from Mid Cap credit facility (15,414 )
Borrowings from Mid Cap credit facility 14,531
Repayments from Mid Cap credit facility (12,325 )
Deferred financing costs from Mid Cap credit facility (151 )
Repayments for High Trail term loan (5,400 )
Borrowings from High Trail term loan note 2 14,025
Debt issuance costs from High Trails Term Loan (1,136 )
Deferred offering costs (139 )
Insurance obligation payments (965 ) (951 )
Capital lease obligation payments (2 )
Cash provided by financing activities 803 43,238
EFFECT OF EXCHANGE RATE ON CASH 3 (99 )
NET CHANGE IN CASH AND RESTRICTED CASH FOR PERIOD (16,303 ) 14,607
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD 30,789 30,097
CASH AND RESTRICTED CASH AT END OF PERIOD $ 14,486 $ 44,704
RECONCILIATION OF CASH AND RESTRICTED CASH
CASH $ 14,050 $ 34,995
RESTRICTED CASH—Prepaid and other assets 307 9,580
RESTRICTED CASH—Other non-current assets 129 129
TOTAL CASH AND RESTRICTED CASH $ 14,486 $ 44,704
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest $ 759 $ 252
Non-cash consideration paid to contractors $ $ 3,427
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Debt issuance costs not paid $ $ 246
Original issue discount $ $ 2,475
Fair value of contingent consideration liability $ $ 11,272
Discount of debt relating to warrants issuance $ $ 7,740
Issuance of common stock in connection with acquisition $ $ 39,454
Common stock issued for warrants $ $ 1,125

Non-GAAP Financial Measures and Reconciliations

In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), this press release and accompanying tables include certain non-GAAP financial measures. The non-GAAP financial measures contained herein are a supplement to the corresponding financial measures prepared in accordance with U.S. GAAP. The non-GAAP financial measures presented exclude the items described below. Management believes that adjustments for these items assist investors in making comparisons of period-to-period operating results. Furthermore, management also believes that these items are not indicative of the Company’s on-going core operating performance. These non-GAAP financial measures have certain limitations in that they do not reflect all of the costs associated with the operations of the Company’s business as determined in accordance with GAAP.

Therefore, investors should consider non-GAAP financial measures in addition to, and not as a substitute for, or as superior to, measures of financial performance prepared in accordance with GAAP. The non-GAAP financial measures presented by the Company may be different from the non-GAAP financial measures used by other companies.

The Company has presented the following non-GAAP measures to assist investors in understanding the Company’s core net operating results on an on-going basis: (i) Contribution margin; (ii) Contribution margin as a percentage of net revenue; (iii) Adjusted EBITDA; and (iv) Adjusted EBITDA as a percentage of net revenue. These non-GAAP financial measures may also assist investors in making comparisons of the Company’s core operating results with those of other companies.

As used herein, Contribution margin represents operating loss plus general and administrative expenses, research and development expenses and fixed sales and distribution expenses including stock-based compensation expense. As used herein, Contribution margin as a percentage of net revenue represents Contribution margin divided by net revenue. As used herein, EBITDA represents net loss plus depreciation and amortization, interest expense, net and income tax expense. As used herein, Adjusted EBITDA represents EBITDA plus stock-based compensation expense and other expense, net. As used herein, Adjusted EBITDA as a percentage of net revenue represents Adjusted EBITDA divided by net revenue. Contribution margin, EBITDA and Adjusted EBITDA do not represent and should not be considered as alternatives to loss from operations or net loss, as determined under GAAP.

We present Contribution margin, Contribution margin as a percentage of net revenue, EBITDA, Adjusted EBITDA and Adjusted EBITDA as a percentage of net revenue because we believe each of these measures provides an additional metric to evaluate our operations and, when considered with both our GAAP results and the reconciliation to net loss, provides useful supplemental information for investors. We use Contribution margin, Contribution margin as a percentage of net revenue, EBITDA, Adjusted EBITDA and Adjusted EBITDA as a percentage of net revenue, together with financial measures prepared in accordance with GAAP, such as sales and gross margins, to assess our historical and prospective operating performance, to provide meaningful comparisons of operating performance across periods, to enhance our understanding of our operating performance and to compare our performance to that of our peers and competitors.

We believe EBITDA, Adjusted EBITDA and Adjusted EBITDA as a percentage of net revenue are useful to investors in assessing the operating performance of our business without the effect of non-cash items, while Contribution margin and Contribution margin as a percentage of net revenue are useful to investors in assessing the operating performance of our products as they represent our operating results without the effects of fixed costs and non-cash items. Contribution margin, Contribution margin as a percentage of net revenue, EBITDA, Adjusted EBITDA and Adjusted EBITDA as a percentage of net revenue, should not be considered in isolation or as alternatives to net loss, loss from operations or any other measure of financial performance calculated and prescribed in accordance with GAAP. Neither EBITDA, Adjusted EBITDA nor Adjusted EBITDA as a percentage of net revenue should be considered a measure of discretionary cash available to us to invest in the growth of our business. Our Contribution margin, Contribution margin as a percentage of net revenue, EBITDA, Adjusted EBITDA and Adjusted EBITDA as a percentage of net revenue may not be comparable to similar titled measures in other organizations because other organizations may not calculate Contribution margin, EBITDA, Adjusted EBITDA or Adjusted EBITDA as a percentage of net revenue in the same manner as we do. Our presentation of Contribution margin and Adjusted EBITDA should not be construed as an inference that our future results will be unaffected by the expenses that are excluded from such terms or by unusual or non-recurring items.

We recognize that EBITDA, Adjusted EBITDA and Adjusted EBITDA as a percentage of net revenue, have limitations as analytical financial measures. For example, neither EBITDA nor Adjusted EBITDA reflects:

  • our capital expenditures or future requirements for capital expenditures or mergers and acquisitions;
  • the interest expense or the cash requirements necessary to service interest expense or principal payments, associated with indebtedness;
  • depreciation and amortization, which are non-cash charges, although the assets being depreciated and amortized will likely have to be replaced in the future, or any cash requirements for the replacement of assets; or
  • changes in cash requirements for our working capital needs;
  • changes in fair value of contingent earn-out liabilities, warrant liabilities, and amortization of inventory step-up from acquisitions (included in cost of goods sold) and transition costs from acquisitions.

Additionally, Adjusted EBITDA excludes non-cash expense for stock-based compensation, which is and will remain a key element of our overall long-term incentive compensation package.

The following table represents a reconciliation of EBITDA and Adjusted EBITDA to net loss, which is the most directly comparable financial measure presented in accordance with GAAP (in thousands):

Three Months Ended March 31,
2020 2021
(in thousands)
Net loss $ (15,030 ) $ (82,553 )
Add:
Interest expense, net 1,109 4,420
Depreciation and amortization 41 1,204
EBITDA (13,880 ) (76,929 )
Other expense (income), net 25 (33 )
Change in fair value of contingent earn-out liabilities 15,645
Amortization of inventory step-up from acquisitions (included in
cost of goods sold)
1,808
Change in fair market value of warrant liability 30,202
Loss on initial issuance of warrant 20,147
Professional fees related to acquisitions 449
Transition cost from Healing Solution acquisition 552
Stock-based compensation expense 7,439 6,899
Adjusted EBITDA $ (6,416 ) $ (1,260 )
Adjusted EBITDA as a percentage of net
revenue
(25.0 )% (2.6 )%

We also recognize that Contribution margin and Contribution margin as a percentage of net revenue have limitations as analytical financial measures. For example, Contribution margin does not reflect:

  • general and administrative expenses necessary to operate our business;
  • research and development expenses necessary for the development, operation and support of our software platform; or
  • the fixed costs portion of our sales and distribution expenses including stock-based compensation expense;
  • changes in fair value of contingent earn-out liabilities, and amortization of inventory step-up from acquisitions (included in cost of goods sold).

The following table provides a reconciliation of Contribution Margin to operating loss, which is the most directly comparable financial measure presented in accordance with GAAP (in thousands):

Three Months Ended March 31,
2020 2021
(in thousands)
Operating loss $ (13,896 ) $ (27,751 )
Add:
General and administrative expenses 8,003 10,976
Research and development expenses 2,281 2,124
Sales and distribution fixed expenses, including
stock-based compensation expense
2,857 3,332
Change in fair value of contingent earn-out liabilities 15,645
Amortization of inventory step-up from acquisitions (included in
cost of goods sold)
1,808
Contribution margin $ (755 ) $ 6,134
Contribution margin as a percentage of net
revenue
(2.9 )% 12.7 %

We believe each of our products goes through three core phases as follows:

  1. Launch phase: During this phase, we leverage our technology to target opportunities identified using AIMEE. During this period of time, and due to the combination of discounts and investment in marketing, our net margin for a product could be as low as negative 35%. In general, a product may stay in the launch phase on average for 3 months.
  2. Sustain phase: Our goal is for every product we launch to enter the sustain phase and become profitable, with a target average of positive 10% net margin (i.e. contribution margin). Over time, our products benefit from economies of scale stemming from purchasing power both with manufacturers and with fulfillment providers.
  3. Liquidate phase: If a product does not enter the sustain phase or if the customer satisfaction of the product (i.e., ratings) are not satisfactory, then it will go to the liquidate phase and we will sell the remaining inventory.

The following table breaks out our quarterly results of operations by our product phases including our PaaS business line :

Three months ended March 31, 2020 (in thousands) (unaudited)
Sustain Launch PaaS Liquidate/
Other
Fixed
Costs
Stock-based
compensation
expense
Total
NET REVENUE $ 16,904 $ 6,154 $ 361 $ 2,209 $ $ $ 25,628
COST OF GOODS SOLD 9,693 3,605 2,032 15,330
GROSS PROFIT 7,211 2,549 361 177 $ 10,298
OPERATING EXPENSES:
Sales and distribution 6,138 3,153 88 1,674 1,265 1,592 13,910
Research and development 1,008 1,273 2,281
General and administrative 3,429 4,574 8,003
Three months ended March 31, 2021 (in thousands) (unaudited)
Sustain Launch PaaS Liquidate/
Other
Fixed
Costs
Stock-based
compensation
expense
Total
NET REVENUE $ 41,994 $ 2,599 $ 181 $ 3,410 $ $ 48,184
COST OF GOODS SOLD 17,298 1,452 3,316 22,066
GROSS PROFIT 24,696 1,147 181 94 26,118
OPERATING EXPENSES:
Sales and distribution (1) 18,816 1,397 37 1,481 2,383 955 25,069
Research and development 1,241 883 2,124
General and administrative (2) 5,915 5,061 10,976
  1. included sales and distribution fixed costs is approximately Transition cost from Healing Solution acquisition of $0.5 million
  2. included in general and administrative fixed costs is approximately $1.1 million of amortization of intangibles and $0.5 million related to professional fees from mergers and acquisitions

Thursday, May 6th, 2021 News Comments Off on $ATER Reports First Quarter 2021 Results

$MOTNF Provides Update on FusionOne Clean-Energy Progress

Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, has provided an update on its investment in FusionOne Energy Corp. FusionOne is a private, end-to-end technology and operations company specializing in renewable electricity, white hydrogen production and thermal processing technologies. The update noted that FusionOne’s fabrication facility is beginning the production of the HydroPlas continuous cycle reactor. The reactor is at the center of FusionOne’s hydrogen-producing system. In addition, FusionOne is retrofitting its Detroit, Michigan, location in preparation to receive the Hydroplas reactor. These key steps bring the company closer to its goal of solving two global problems: the plastic pandemic and a shift to clean energy production. Deployment of the company’s commercial system will result in thousands of tons of waste being diverted to a clean, profitable energy stream. “FusionOne’s patent-pending waste to white hydrogen and electricity is a complementary technology to PowerTap’s Gen3, which produces and dispenses blue hydrogen and provides potential cross-development opportunities,” said PowerTap president Salim Rahemtulla in the press release. PowerTap is Clean Power Capital’s largest subsidiary.

To view the full press release, visit http://ibn.fm/wpJDo

About Clean Power Capital Corp.

Clean Power is an investment company that specializes in investing into private and public companies opportunistically that may be engaged in a variety of industries, with a current focus in the health and renewable energy industries. In particular, the investment mandate is focused on high-return investment opportunities, the ability to achieve a reasonable rate of capital appreciation and to seek liquidity in its investments. For more information about the company, please visit www.CleanPower.Capital.

NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at http://ibn.fm/MOTNF

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Thursday, May 6th, 2021 News Comments Off on $MOTNF Provides Update on FusionOne Clean-Energy Progress

$IDEX A Guide to the Types of EVs Available

With governments around the world looking to cut their carbon emissions in a bid to halt runaway global warming, zero-emission electric vehicles (“EVs”) have been touted as the only way the world can rein in emissions produced by the transportation sector. But unlike the automotive industry, which has been around for close to a century, the EV sector is barely a decade old, and its inner workings remain a mystery to most people. So before you start thinking of going green, go through the following guide and acquaint yourself with the different types of EVs on the market.

Battery electric vehicle (“BEV”). A standard battery-powered electric vehicle, this is the zero-emission vehicle that has taken the automotive industry by storm. A BEV does not have an internal combustion engine, relying instead on an electric motor powered by electricity stored in the vehicle’s battery. You can charge an EV using a standard Level 1 EV charger, a slightly faster Level 2 charger or the powerful Level 3 chargers commonly used in commercial charging stations.

Hybrid electric vehicles (“HEV”). A hybrid electric vehicle is a car that contains both an internal combustion engine as well as an electric motor. However, unlike battery electric vehicles, HEVs use regenerative braking to charge their vehicles instead of external chargers. When an HEV driver stops, the kinetic energy used to stop the vehicle is stored in the battery, and the battery uses this power to aid the internal combustion engine in accelerating the vehicle’s speed.

There are also hybrid electric vehicles called micro or mild hybrids that use both the internal combustion engine and an electric motor to propel the vehicle. While the electric motor can only run the car for short distances, micro hybrids can help preserve fuel by turning the combustion engine off during total stops.

Plug-in hybrid electric vehicles (“PHEV”). A more evolved version of the hybrid electric vehicle, PHEVs contain an internal combustion engine as well as an electric motor that is powered by electricity stored by the onboard battery. Unlike HEV’s, plug-in hybrids can charge using external chargers, giving their batteries enough power to run the electric motor and cut your fuel consumption by as much as 60%.

Consequently, a plug-in hybrid can travel up to 40 miles on electric power alone. There are two types of PHEVs: extended-range electric vehicles (“EREVs”), which use the internal combustion engine to generate electricity, and the electric motor to run the vehicle. Once the onboard battery runs out, the electricity stored in the engine takes over. The second type is parallel or blended PHEVs, which use both the combustion engine and the electric motor to move the car.

However, drivers should note that recent reports have stated that plug-in hybrids may not be as eco-friendly as automakers claim. Additionally, any driver who truly wants to go green would have to ensure that the electricity they use to power their vehicles is sourced sustainably.

With companies such as Ideanomics Inc. (NASDAQ: IDEX) making it a mission to be facilitators of the switch to electric mobility, it is only a matter of time before EVs are the dominant type of vehicles on all roads.

NOTE TO INVESTORS: The latest news and updates relating to Ideanomics Inc. (NASDAQ: IDEX) are available in the company’s newsroom at https://ibn.fm/IDEX

About Green Car Stocks

Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.

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Thursday, May 6th, 2021 News Comments Off on $IDEX A Guide to the Types of EVs Available

$EXN Featured in Stock2Me Podcast

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) was featured in the latest episode of The Stock2Me Podcast, an InvestorBrandNetwork (“IBN”) solution to provide specialized content distribution via widespread syndication channels. Excellon’s CEO and President Brendan Cahill joined the program to introduce the company’s business model and its current portfolio of production and exploration resource projects spanning North America and Europe. “Excellon’s actually been around quite a long time. It was founded in 1989 but got to Mexico in the late ‘90s and started the Platosa Mine in 2005. It’s Mexico’s highest-grade silver producer,” Cahill explained. “We produce silver, lead and zinc and sell it into the global market, but Excellon’s always had a big focus on exploration. So, we’re also expanding in Idaho on gold projects and the very fascinating Silver City Project in Saxony, Germany  — an area that was mined for 800 years for high-grade silver, with mining only stopping when Germany moved off the silver standard in 1873. We’re the first ones ever to use modern exploration technology on that project, and exploration starts again within the month looking for high-grade silver deposits.”

To view the full press release, visit http://ibn.fm/Hnv4K

About Excellon Resources Inc.

Excellon’s vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of its employees, communities and shareholders. The company is advancing a precious metals growth pipeline that includes: Platosa, Mexico’s highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality gold development project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The company also aims to continue capitalizing on current market conditions by acquiring undervalued projects. Additional details on Excellon’s properties are available at www.ExcellonResources.com.

NOTE TO INVESTORS: The latest news and updates relating to EXN are available in the company’s newsroom at http://ibn.fm/EXN

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Thursday, May 6th, 2021 News Comments Off on $EXN Featured in Stock2Me Podcast

$CLXPF Study Finds Complex Relationship Between Creativity, Psilocybin

new study has discovered that individuals under the influence of psilocybin tend to have more original and profound thoughts. However, cognitive tests on creative ability conducted have shown that they score lower in the short term, with findings indicating that psilocybin, which is the active ingredient in magic mushrooms, improves an individual’s creative ability in the long term.

The research gathered proton magnetic resonance spectroscopy and functional magnetic resonance imaging data. which offered new insights into the basic neurobiological mechanisms linked to creativity.

Maastricht University PhD candidate Natasha Mason, who also happens to be the lead researcher of the study, stated that creativity is a necessary cognitive ability that is often associated with all aspects of our everyday life as it enables individuals to adapt to an environment that is always changing, while also allowing them to find different ways to solve issues. She added that the inability to be creative has often been linked to psychological disorders such as anxiety and depression, as people can get stuck in maladaptive thought patterns that accelerate negative behaviors.

Decades ago, in the ‘60s, researchers discovered evidence that LSD, another psychedelic substance, could improve creative problem-solving. Additionally, there was evidence that the LSD-induced psychedelic state could also harm an individual’s creativity.

Mason explained that in the past, various reports had been published suggesting that ingesting a psychedelic substance such as psilocybin and LSD could improve an individual’s creative ability.

For their research, the scientists recruited 60 healthy participants and assessed two types of deliberate creativity: divergent and convergent thinking. While the former represents the ability to come up with different solutions to an issue that has several possible answers, the latter represents the ability to come up with one optimal solution to an issue.

The researchers discovered that, while both types of creativity appeared to be hindered while the participants were in the psychedelic state, psilocybin brought about lasting improvements in divergent thinking when the individual wasn’t under the influence of the psychedelic substance. Additionally, they found that one week after psilocybin had been administered, participants who did not receive placebo came up with new ideas for how to use everyday objects.

The researchers also discovered that the changes in creativity that had been induced by psilocybin were linked to connectivity patterns in the default mode network, which is involved with spontaneous thinking, imagination and daydreaming, among others.

The study was reported in the “Translational Psychiatry” journal.

What isn’t in dispute within the research community is the potential of psychedelics such as psilocybin to treat a variety of mental health conditions, and companies such as Cybin Inc. (NEO: CYBN) (OTCQB: CLXPF) have made progress in their quest to develop an anti-depression medication from psilocybin.

NOTE TO INVESTORS: The latest news and updates relating to Cybin Inc. (NEO: CYBN) (OTCQB: CLXPF) are available in the company’s newsroom at https://ibn.fm/CYBN

About PsychedelicNewsWire

PsychedelicNewsWire (PNW) is a specialized content distribution company that (1) aggregates and distributes news and information on the latest developments in all aspects and advances of psychedelics and their use, (2) creates PsychedelicNewsBreaks designed to quickly update investors on important industry news, (3) leverages a team of expert editors to enhance press releases for maximum impact, (4) assists companies with the management and optimization of social media across a range of platforms, and (5) delivers unparalleled corporate communication solutions. PNW stays abreast of the latest information and has established a reputation as the go to source for coverage of psychedelics, therapeutics and emerging market opportunities. Our team of seasoned journalists has a proven track record of helping both public and private companies gain traction with a wide audience of investors, consumers, media outlets and the general public by leveraging our expansive dissemination network of more than 5,000 key syndication outlets. PNW is committed to delivering improved visibility and brand recognition to companies operating in the emerging markets of psychedelics.

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Thursday, May 6th, 2021 News Comments Off on $CLXPF Study Finds Complex Relationship Between Creativity, Psilocybin

$BRSF Eyes Plans for 2021 and Beyond

  • Commercial application of NeuroEEG and NeuroCap growing across ICUs, acute inpatient care and other emergency care in U.S.
  • BRSF plans to launch devices in Canada
  • Company expands footprint, plans patent applications in Latin America, Europe

Brain Scientific (OTCQB: BRSF), a neurology-focused medical device and software company, has unveiled the outlook for 2021. Brain Scientific continues to make strides within neurology by revolutionizing the brain diagnostic market with its groundbreaking technology. The company recently announced that its R&D efforts surged in 2020 with an investment of $275,926, which marks a 266% increase over 2019’s total of $103,616 (https://ibn.fm/Uiqs7).

Despite a challenging year due to the pandemic, Brain Scientific reached significant milestones in 2020. A limited-scope commercial application of the NeuroEEG(TM) and NeuroCap(TM) is in progress in the United States, expected to be followed by the Canadian market. The initial entry market is identified as ICUs, acute inpatient care and other emergency facilities in the United States.

As 2020 drew to a close, Brain Scientific announced that its NeuroCap would become available to the pediatric market in the United States. The child-size NeuroCap headset helps overcome the common challenges medical professionals face when conducting electroencephalograms (“EEG”) in pediatrics by bringing comfort, speed and reliability to the brain testing of children (https://ibn.fm/fWNps).

At the end of last year, the company also filed a patent application for its new long-term monitoring EEG cap. It is a new flexible, full-head EEG cap developed as a response to the market demand for disposable EEG solution for prolonged EEG recordings (12 hours and longer). (https://ibn.fm/Z4Nqv).

Brain Scientific is determined to bring its cutting-edge technology to the world and expand its footprint in the international landscape. Last year, the company established a wholly owned subsidiary in Russia and Europe (Poland) for product distribution and certification, and BRSF appears to have even bigger plans for the future.

Within the next 24 months, the company expects to scale production in the United States, expand into the EU market and file international patent applications in Latin America, Europe and more. Future plans also include the introduction of a BRSF long-term monitoring cap and the addition of long-term monitoring, 24-channel EEG to its proprietary lineup of diagnostic devices.

The third phase of development scheduled for 2021–2022 is also expected to be centered around the use of AI-powered data analysis to bring efficiency, consistency and accuracy to modern neurology diagnostics. This segment is intended to include the launch of data-storage capabilities for normalized data brain scans and the further development of the company’s planned AI neuro net while advancing application for minimally invasive graphene electrodes connected to the micro-EEG. At the forefront of neurology device technology, Brain Scientific appears poised to transform the neurology landscape and establish a new innovative norm for clinicians.

For more information, visit the company’s website at www.BrainScientific.com.

NOTE TO INVESTORS: The latest news and updates relating to BRSF are available in the company’s newsroom at https://ibn.fm/BRSF

About BioMedWire

BioMedWire (BMW) is a bio-med news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with BMW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, BMW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, BMW brings its clients unparalleled visibility, recognition and brand awareness. BMW is where news, content and information converge.

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Thursday, May 6th, 2021 News Comments Off on $BRSF Eyes Plans for 2021 and Beyond

$IFBD Eyes Significant Expansion After Closing $25 Million IPO

  • On April 20, Infobird Co. Ltd debuted on the Nasdaq Capital Markets under the trade symbol ‘IFBD’, with WestPark Capital, the offering’s book-running manager, later announcing the closing of the IPO
  • 6,250,000 ordinary shares were sold for a total of $25 million prior to fees and expenses
  • Per the offering’s prospectus, the company is eying significant expansion, with the proceeds of the offering likely to be channeled into the expansion plans

As Nasdaq opened on Tuesday, April 20, a new era beckoned for Infobird (NASDAQ: IFBD) since it was the day Infobird officially listed on the Nasdaq Capital Markets. In a later communique, WestPark Capital Inc., the book-running manager for the offering, announced the closing of the IPO wherein 6,250,000 ordinary shares were sold, grossing $25 million in proceeds before fees and expenses (https://ibn.fm/qigjT).

A leading software-as-a-service (“SaaS”) company based in Beijing and offering AI-enabled end-to-end customer engagement products in China, Infobird has a long history of delivering value-driven software solutions that save on costs, increase revenue, and improve service quality, as well as customer satisfaction. These solutions are tailored for all stages of its clients’ sales processes, including pre-sales, in-sales, and post-sales customer support. Moreover, the company offers AI-powered cloud-based sales management software packages that perform intelligent quality inspections and training to help clients monitor, access, and improve the performance of agents.

The successes of Infobird’s multiple software solutions are anchored on its patented Voice over Internet Protocol (“VoIP”) application technologies, artificial intelligence (“AI”) and machine learning functionalities, proprietary cloud computing architecture, a no-code development platform and its many years’ experience.

This, coupled with its commitment to its clientele captured in its mission statement, “to make your customer engagement smart and personalized,” has guided the company through the past years, helping it build a reputation as a premier provider of the various AI-powered software solutions. But for Infobird, it does not stop at that. The company is targeting market dominance (https://ibn.fm/36uyp), and the IPO can be seen as a step towards fulfilling this goal.

In its final prospectus (https://ibn.fm/Vsi8t), IFBD emphasized continual innovation as a way of attracting new clients and retaining existing clientele. This underpins research and development as a crucial focus for the company.

The prospectus also detailed that Infobird intends to increase its client base and market share by expanding its sales team, launching offline and online advertising campaigns, improving its website and social media accounts, enhancing its client lifecycle management, and continuing to organize and participate in forums and seminars.

Further, IFBD is keen on expanding the AI and machine learning capabilities of its applications to facilitate a comprehensive customer engagement experience that is proactive and predictive. To achieve this, the software solutions will consolidate omnichannel and intelligent interactions with customers from telephone, email, social media platforms, websites and text messages throughout the whole customer journey, and predictions of their intentions and behaviors.

The fulfillment of such strategies costs money, meaning the proceeds from the closing of the IPO provide the necessary impetus for the company to advance to the next phase of its operations, as outlined by its plans. With the stage already set for this advancement to occur, more revenue and profits are in view.

For more information, visit the company’s website at www.Infobird.com/en/index.html

NOTE TO INVESTORS: The latest news and updates relating to IFBD are available in the company’s newsroom at https://ibn.fm/IFBD

About ChineseWire

ChineseWire (CW) is a specialized communications platform focused on promising China-based companies that are listed in North America. As one of 40+ brands within the InvestorBrandNetwork (“IBN”), CW provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution to IBN’s millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, CW is uniquely positioned to best serve private and public Chinese companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CW brings its clients unparalleled visibility, recognition and brand awareness. CW is where news, content and information converge.

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Thursday, May 6th, 2021 News Comments Off on $IFBD Eyes Significant Expansion After Closing $25 Million IPO

Knightscope Autonomous Security Robots (“ASRs”) Help Businesses Keep Parking Areas Safe

  • Rising metal prices have led to an increased incidence of catalytic converter thefts from automobiles because of the minerals they contain
  • While business security forces work to stem parking area vulnerabilities, California-based Knightscope is demonstrating the importance of its parking area-patrolling autonomous security robots (“ASRs”)
  • One of Knightscope’s ASR robot models was featured in a report on a 9-acre Las Vegas apartment complex’s crime-ridden property, which has seen a drop in calls to police since the ASR was deployed
  • The Las Vegas apartment complex managers said they were so pleased with the ASR’s performance they intended to order more Knightscope robots for other properties

The rising incidence of catalytic converter thefts from vehicles, particularly in Northeastern states, highlights one of the challenges of maintaining security vigilance against criminal activity on business properties. From Vermont (https://ibn.fm/R7bki) to Minnesota (https://ibn.fm/QVTCh) and down to North Carolina (https://ibn.fm/86bDZ), news agencies have picked up on reports the emissions control devices are being purloined for rare minerals such as platinum, palladium and rhodium.

“This spring, there’s been quite the resurgence,” a Vermont police officer told news reporters. “Right now, our biggest problem is it happens to such an extent that a lot of the businesses don’t report it anymore. … It has gotten so out of control that we’ve had several reports of people trying to cut them off during the day. Usually it would be an overnight shift.”

The North Carolina report noted questions had arisen about thefts from the hospital’s five parking decks despite the hospital’s claims its security force patrols the area and monitors for criminal activity. And Security magazine recently discussed parking deck concerns that go beyond thefts — the efforts to reduce the number of auto vs. pedestrian injuries and deaths when drivers are allegedly reckless, distracted or impaired in an environment where autos and pedestrians are in close proximity with sometimes low visibility (https://ibn.fm/cFjHm).

While businesses can deploy security forces and station cameras strategically to help intercept crime, autonomous security robot (“ASR”) developer Knightscope has developed a solution that provides an unsleeping, ever-vigilant presence on business properties that may be subject to criminal activity or other types of emergency response incidents.

Knightscope’s K series ASRs are capable of using machine learning and artificial intelligence developments to monitor for potential threats, record them, issue warnings, and transmit pertinent information to personnel operating data centers. One ASR model is stationary; two others also deployed to serve clients are mobile and can operate in indoor or outdoor environments, recharging themselves periodically and functioning without human intervention.

In terms of intercepting parking area crime, their effectiveness was demonstrated by a Las Vegas Review-Journal report in March that noted a metropolitan apartment complex with a history of significant criminal activity had deployed one of Knightscope’s robots — the first such client in the Las Vegas area — and that the complex has now become “a quieter, more peaceful place to live” as calls to the police have fallen off (https://ibn.fm/UPrBM).

“It’s been very useful in several ways,” apartment complex manager Carmen Batiz told reporters. “It can advise people when they are out past the 10 p.m. curfew and the four video cameras tend to make people avoid it. When we have vandalism reports we can go through the video and get a time frame of when it happened. It has a button so people can get human help quick in an emergency. … We have eight other properties and we’re definitely going to bring on more robots and even the Wynn (hotel resort-casino empire) had people come check it out.”

For more information, visit the company’s website at www.Knightscope.com and if you have a need for subscription service you may request a private demonstration of the technology at www.Knightscope.com/demo.

NOTE TO INVESTORS: The latest news and updates relating to Knightscope are available in the company’s newsroom at https://ibn.fm/Knight

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

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Thursday, May 6th, 2021 News Comments Off on Knightscope Autonomous Security Robots (“ASRs”) Help Businesses Keep Parking Areas Safe