Technology shares were miscellaneous into the opening bell Friday, while treasury prices were inched higher, pushing the 10-year note yield down to 2.073% from 2.112% on Thursday.
Insights about some real losers from technology segment, in the current trading session are depicted underneath:
CollabRx, Inc. (NASDAQ:CLRX)’s shares dwindled -37.57% and is now trading at $1.18, soon after a recognized leader in cloud-based expert systems to inform healthcare decision-making, declared the pricing of an underwritten public offering of 3,840,000 shares of its ordinary stock and warrants to purchase up to an aggregate of 3,840,000 shares of its ordinary stock at an offering price of $1.25 per ordinary share and $0.0001 per warrant. The warrants will have a per share exercise price of $1.56, are exercisable right away and will expire five years from the date of issuance. Gross proceeds to CollabRx from this offering are about $4,800,000 before deducting underwriting discounts and commissions and other estimated offering expenses payable by CollabRx. CollabRx has granted the underwriter a 45-day option to purchase up to an additional 576,000 shares of ordinary stock and/or 576,000 additional warrants to cover over-allotments, if any. The offering is predictable to close on February 25, 2015, subject to customary closing conditions.
Aegis Capital Corp. acted as the sole book-running manager for the offering.
CollabRx, Inc. (NASDAQ:CLRX), is a recognized leader in cloud-based expert systems to inform healthcare decision-making. CollabRx uses information technology to aggregate and contextualize the world’s knowledge on genomics-based medicine with specific insights from the nation’s top cancer experts, starting with the area of greatest need: advanced cancers in patients who have effectively exhausted the standard of care.
Shares of Ascent Solar Technologies, Inc. (NASDAQ:ASTI), declined nearly -17.41% and is now trading at $1.67, soon after a development stage company, designs and manufactures photovoltaic integrated consumer electronics, declared the Company’s preliminary fourth quarter and full year proceed results ended December 31, 2014. The Company posted fourth quarter proceed of $2.4M, a 118% raise from the previous quarter of $1.1M and an about four-fold raise over Q4 2013 proceed of $0.6M. EnerPlex™ branded consumer product proceed was $2.3M in the fourth quarter, up from $1.0M in the preceding quarter, a 124% raise, and from $0.5M in Q4 2013. Total proceed for the year was $5.3M, up 308% from $1.3M in 2013. Product proceed was $5.0M, up 355% from $1.1M in 2013.
“$5M of annual proceed is a noteworthy milestone for Ascent Solar and is the first year in the Company’s history to have stated such robust results,” said Victor Lee, President and CEO of Ascent. “The strong proceed growth again validates our revised strategy that began in the second half of 2012. We are extremely encouraged by the rapid growth of EnerPlex and we expect to see sales continue to grow rapidly as we continue to expand our distribution channels domestically and internationally. In Q4 we also practiced growing acceptance in our focused high-value PV market, which we believe will add to our top-line growth in 2015.”
Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a development stage company, designs and manufactures photovoltaic integrated consumer electronics; and portable power applications for commercial and military users. Its products comprise the Surfer, a solar assisted case and charger for the Apple iPhone 4/4S smart phone; EnerPlex Kickr, a portable solar charging device; and EnerPlex Jumpr, a portable power bank.
TrueCar, Inc. (NASDAQ:TRUE), plummeted -14.20% and is now trading at $17.86, soon after the negotiation-free car buying and selling mobile marketplace, launched a new partnership with AAA Northern California, Nevada and Utah that will connect its expansive membership base with upfront pricing information through a network of over 10,000 TrueCar Certified Dealers.
Starting this month, club members can take advantage of the program by going to AAA.com/buyacar to find pricing information on the vehicles of their choice.
“Part of TrueCar’s heritage is providing members of our partner programs access to dealers who are committed to delivering hassle-free buying experiences,” said Scott Painter, founder and CEO of TrueCar. “We’re thrilled to extend the benefits of TrueCar beyond the 30 million AAA members we already serve.”
The partnership connects AAA Northern California, Nevada and Utah’s more than 4.2 million members to TrueCar Certified Dealers for a “No Surprises” buying experience and average savings of more than $3,000 off of manufacturer’s suggested retail price (MSRP). In recognition of the value of its program, TrueCar was honored as a five-year preferred supplier at the 2014 AAA Automotive Conference on June 25 in Charlotte, North Carolina, which recognized TrueCar’s commitment to AAA and its members.
TrueCar, Inc. (NASDAQ:TRUE), the negotiation-free car buying and selling mobile marketplace, gives consumers transparent insight into what others paid and access to guaranteed savings off MSRP from TrueCar Certified Dealers. TrueCar’s network of more than 10,000 trusted Certified Dealers is committed to providing upfront pricing information and a hassle-free buying experience.
Shares of the Orion Energy Systems, Inc (NYSEMKT:OESX), lost -7.23% & is now trading at $3.72, hitting new 52-week low of $3.60, following the news that a leading designer and manufacturer of high-performance, energy-efficient lighting platforms, recently declared the pricing of its upsized underwritten public offering of 4,750,000 shares of its ordinary stock at a purchase price to the public of $3.50 per share. The net proceeds to the Company from this offering are predictable to be about $15.2 million, after deducting underwriting discounts and other estimated offering expenses. In addition, Orion has granted the underwriter a 30-day option to purchase up to an aggregate of 712,500 additional shares of ordinary stock to cover over-allotments, if any. All of the shares in the offering are to be sold by Orion. While the offering is predictable to close on February 25, 2015, the closing of the offering is subject to customary closing conditions and therefore there can be no assurance as to whether or when the offering will be accomplished.
In connection with the offering, Craig-Hallum Capital Group LLC is acting as sole managing underwriter.
Orion anticipates to use the net proceeds from the offering for general corporate purposes, which may comprise, but are not limited to pursuing attainments, expanding its LED lighting business and supporting its working capital needs.
Orion Energy Systems, Inc (NYSEMKT:OESX), is leading the transformation of commercial and industrial buildings with state-of-the-art energy efficient lighting systems. Orion manufactures and markets a cutting edge portfolio of products encompassing LED Solid-State Lighting and high intensity fluorescent lighting.
