On Monday, TrueCar Inc (NASDAQ:TRUE)’s shares inclined 1.09% to $5.91.
TrueCar, Inc. (TRUE), the negotiation-free car buying and selling platform, recently declared its financial results for the second quarter ended June 30, 2015.
Administration Transitions
TrueCar is also announcing that its Founder, Chief Executive Officer and Chairman, Scott Painter, will step down as CEO later this year. Mr. Painter will retire when his successor takes office, which is predictable to occur by year-end. Mr. Painter will continue to serve as Chairman of TrueCar’s Board of Directors.
Finally, TrueCar declared that Christopher Claus, former President of USAA Financial Advice & Solutions Group and a current director of TrueCar, has been named Lead Independent Director. Mr. Claus will focus on the Board’s search committee to find a new CEO in addition to building deeper ties with USAA.
TrueCar, Inc. operates as an Internet-based information, technology, and communication services company. The company operates its platform on the TrueCar Website and TrueCar mobile applications. It also customizes and operates its platform for its affinity group marketing partners, counting financial institutions, membership-based organizations, and employee buying programs for large enterprises.
Energy Focus Inc (NASDAQ:EFOI)’s shares dropped -0.45% to $21.90.
Energy Focus Inc (NASDAQ:EFOI) declared financial results for the second quarter ended June 30, 2015.
Financial Highlights:
- Record net sales of $16.6 million represents 148.1 percent in year-over-year growth and 26.4 percent sequential growth from the first quarter of 2015.
- Gross margin of 45.9 percent represents 13.4 percentage points of improvement year-over-year, and is 4.8 percentage points higher than the first quarter of 2015.
- Operating income of $3.1 million represents a $3.6 million year-over-year enhance from an operating loss of $562 thousand in the second quarter of 2014, and a $1.8 million enhance from the first quarter of 2015.
- Net income of $2.1 million, or $0.21 per share, represents a $2.7 million year-over-year enhance from the preceding year’s second quarter loss, and a $1.0 million enhance from the first quarter of 2015.
Energy Focus, Inc. designs, develops, manufactures, markets, and installs energy-efficient lighting systems and solutions in the United States and internationally. It operates in two segments, Products and Solutions. The company offers commercial, industrial, government, and military and maritime energy-efficient light-emitting diode (LED) lighting offerings, counting LED luminares and fixtures to serve the United States Navy; tubular LED replacements for linear fluorescent lamps; LED luminares and fixtures; LED docklights; tubular LED parking garage luminares and fixtures; LED cold storage globe luminares; and LED retrofit kits for high-intensity discharge applications.
At the end of Monday’s trade, Michaels Companies Inc (NASDAQ:MIK)‘s shares surged 2.18% to $26.21.
Michaels (MIK), North America’s largest arts and crafts specialty retailer, declares the theme of its popular Passport to Imagination summer kids crafting program. This year, the low-cost, in-store sessions will focus on summer vacation fun, counting lake picnics, afternoons at the beach, county fairs, music festivals and more.
Passport to Imagination starts July 6 and will run through August 21 in all Canadian stores, with three classes per week, on Monday, Wednesday and Friday from 10 a.m. to noon. For just $5 per class, or three sessions for $12, kids ages 5-10 can create projects that relate to summer activities, with a different theme every week. Registration for the program is accessible online and in stores.
The Michaels Companies, Inc. owns and operates a chain of arts and crafts specialty retail stores under the Michaels and Aaron Brothers names in North America. The company’s Michaels stores offer about 35,000 stock-keeping units in arts, crafts, framing, floral, home décor and seasonal, scrapbooking, and seasonal merchandise. Its Aaron Brothers stores offer about 7,000 stock-keeping units, counting photo frames, a line of ready-made frames, art prints, framed art, art supplies, and custom framing services.
Goldman Sachs Group Inc (NYSE:GS), ended its Monday’s trading session with 0.04% gain, and closed at $188.68.
The Goldman Sachs Group, Inc. (GS) plans to declare its 2015 Third Quarter Financial Results on Thursday, October 15th in a release that will be issued at about 7:30 am (ET). The press release will also be accessible on the firm’s web site, http://www.goldmansachs.com.
A conference call to talk about the firm’s results, outlook and related matters will be held at 9:30 am (ET). The call will be open to the public.
The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment administration company worldwide. The company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Administration. The Investment Banking segment provides financial advisory services, such as planned advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk administration; and underwriting services, counting public offerings and private placements of a range of securities and other financial instruments, in addition to derivative transactions reached with public and private sector clients.
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