On Friday, U.S. stocks traded slightly altered, following data demonstrating the economy returned to reasonable growth in the fourth quarter.
The Dow Jones Industrial Average dipped 21 points, or 0.1%, to 18193. The S&P 500 climbed a fraction to 2112 and the Nasdaq Composite dipped 2.3 points to 4985.
In corporate news, J.C. Penney Co. ’s stock fell over 7.2% after the retailer stated a surprise loss for the fourth quarter.
Details about some major losers from mix sectors, during Friday’s trade are described underneath:
CVSL Inc. (NYSE:CVSL), traded in a 52-week range of $2.42 to $19.85, hitting new 52-week low of $2.42, with shares dropped -38.41% at $2.71, soon after the news release that a growing group of micro-enterprise company, declared the pricing of an underwritten public offering of 6,667,000 shares of ordinary stock and warrants to purchase up to an aggregate of 6,667,000 shares of its ordinary stock at a combined offering price of $3.00. The warrants will have a per share exercise price of $3.75, are exercisable right away and will expire five years from the date of issuance. The gross proceeds to CVSL from this offering are predictable to be about $20,000,000 before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company. The Company has granted the representative of the underwriters a 45-day option to purchase up to an aggregate of 1,000,050 additional shares of its ordinary stock and/or 1,000,050 additional warrants to cover over-allotments, if any. The Company intends to use the net proceeds from this offering for the attainment of other businesses that it believes are synergistic with its current businesses, counting up to $5,515,731 to attain Kleeneze Limited, and for general working capital purposes, counting ongoing operations, expansion of the business and further research and development. The offering is predictable to close on or about March 4, 2015, subject to customary closing conditions.
Aegis Capital Corp. is acting as sole book-running manager for the offering.
CVSL Inc. (NYSE:CVSL), through its auxiliaries, is engaged in the direct-selling business in the United States and internationally. The company sells hand-crafted baskets and a line of products for the home, counting pottery, cookware, wrought iron, and other home decor products; nutritional supplements and skin care products; hand-crafted spices; a line of tools that are designed for women, in addition to home security monitoring services; and a line of food products through a network of independent sales representatives.
Weight Watchers International, Inc. (NYSE:WTW), declined -33.53% and is now trading at $11.67, hitting new 52-week low of $10.90, soon after the news release that the world’s leading provider of weight administration services, declared its results for the fourth quarter and full year fiscal 2014 and offered full year fiscal 2015 earnings guidance, counting:
- Q4 2014 proceeds of $327.8 million, down 10.4% as compared to the preceding year period, with total paid weeks down 7.0%.
- Q4 2014 adjusted earnings per fully diluted share (EPS) was $0.07, which excluded the influence of restructuring and non-cash impairment charges of $0.01 and $0.34, respectively, per fully diluted share; as stated, Q4 2014 EPS was a loss of $0.28.
- Full year 2014 cash flow offered by operating activities totaled $231.6 million, with a cash balance of $301.2 million at year end.
- Full year 2015 earnings guidance of between $0.40 and $0.70 per fully diluted share.
“While we still believe in our underlying strategies, I am disappointed that we are not yet where we hoped to be and our turnaround will take longer than we had anticipated,” commented Jim Chambers, the Company’s President and Chief Executive Officer. “Therefore, as we continue to enhance our consumer offerings, we are taking more aggressive steps to right-size our cost structure with a $100 million cost-savings initiative.”
Weight Watchers International, Inc. (NYSE:WTW), is the world’s leading provider of weight administration services, operating globally through a network of Company-owned and franchise operations. Weight Watchers holds more than 40,000 meetings each week where members receive group support and learn about healthy eating patterns, behavior modification and physical activity.
TubeMogul, Inc., (NASDAQ:TUBE), dipped nearly -21.79% to $14.03, as an enterprise software company for digital branding, stated financial results for its fourth quarter and year ended December 31, 2014.
Fourth Quarter 2014 Financial Highlights:
- Total Spend was $82.6 million, an raise of 85% contrast to $44.7 million in the fourth quarter of 2013.
- Proceed was $36.1 million, an raise of 64% contrast to $22.0 million in the fourth quarter of 2013.
- Gross profit was $25.7 million, an raise of 77% contrast to $14.5 million in the fourth quarter of 2013.
- Gross margin was 71% contrast to 66% in the fourth quarter of 2013.
- Operating loss was $(2.4) million, contrast to an operating revenue of $0.7 million in the fourth quarter of 2013.
- Net loss was $(4.0) million, contrast to a net revenue of $0.1 million for the fourth quarter of 2013.
- Adjusted EBITDA2 loss was $(0.5) million, contrast to Adjusted EBITDA of $1.1 million in the fourth quarter of 2013.
TubeMogul, Inc., (NASDAQ:TUBE), is an enterprise software company for digital branding. By reducing complexity, improving transparency and leveraging real-time data, our platform enables advertisers to gain greater control of their video advertising spend and achieve their brand advertising objectives. TubeMogul was incorporated in 2007 and is based in Emeryville, California with operations in New York, London, Singapore, Tokyo, Sydney, Toronto and offices across the United States.
MoSys, Inc. (NASDAQ:MOSY), showed a negative movement of -15.35% and is now trading at $1.71, following the news release that a fabless semiconductor company, together with its auxiliaries, develops and sells integrated circuits (ICs) for the high-speed networking, communications, storage, and computing markets, declared the pricing of an underwritten public offering of 12,500,000 shares of its ordinary stock at a price of $1.60 per share. The company has also granted to the underwriters a 30-day option to attain up to an additional 1,875,000 shares to cover overallotments in connection with the offering. After the underwriting discount and estimated offering expenses payable by the company, the company anticipates to receive net proceeds of about $18,500,000, assuming no exercise of the overallotment option. The offering is predictable to close on March 4, 2015, subject to customary closing conditions. The company’s chief executive officer and chief operating officer have agreed to purchase 406,250 shares in the offering.
Roth Capital Partners is acting as the sole book-running manager of the offering and The Benchmark Company is acting as co-manager.
The company intends to use the net proceeds from the offering for general corporate purposes, counting working capital.
The shares described above are being offered following a registration statement formerly filed with and subsequently declared effective by the Securities and Exchange Commission, or SEC, and a prospectus supplement to be filed with the SEC.
MoSys, Inc. (NASDAQ:MOSY), is a fabless semiconductor company enabling leading equipment manufacturers in the networking and communications systems markets to address the continual raise in Internet users, data and services.
