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Home » Business & Finance » Stocks Landing in Bearish Zone - PetroQuest Energy, (NYSE:PQ), MagneGas Corporation, (NASDAQ:MNGA), Inogen, Inc. (NASDAQ:INGN), Box, Inc. (NYSE:BOX)
Stocks Landing in Bearish Zone – PetroQuest Energy, (NYSE:PQ), MagneGas Corporation, (NASDAQ:MNGA), Inogen, Inc. (NASDAQ:INGN), Box, Inc. (NYSE:BOX)

Stocks Landing in Bearish Zone - PetroQuest Energy, (NYSE:PQ), MagneGas Corporation, (NASDAQ:MNGA), Inogen, Inc. (NASDAQ:INGN), Box, Inc. (NYSE:BOX)

March 13, 2015 12:54 pm by: Category: Business & Finance Leave a comment A+ / A-

On Thursday, Following U.S. Stocks were among the “Top Losers”: PetroQuest Energy Inc. (NYSE:PQ), MagneGas Corporation (NASDAQ:MNGA), Inogen, Inc. (NASDAQ:INGN), Box, Inc. (NYSE:BOX)

Petroquest Energy Inc (NYSE:PQ), with shares declined -12.45%, closed at $2.18.

MagneGas Corporation (NASDAQ:MNGA), with shares dropped -11.39%, settled at $0.859.

Inogen Inc (NASDAQ:INGN), with shares dipped -11.36%, and closed at $33.10.

Box Inc (NYSE:BOX), plummeted -11.35%, and closed at $18.20.

Latest NEWS regarding these Stocks are depicted underneath:

PetroQuest Energy Inc. (NYSE:PQ)

PetroQuest Energy Inc. (PQ), declared that it has elected not to proceed at this time with its formerly declared public offering of 10,000,000 shares of its ordinary stock.

The Corporation determined that proceeding with the offering in light of current market conditions was not in the best interests of its stockholders.

PetroQuest Energy, Inc. is an independent energy corporation engaged in the exploration, development, attainment and production of oil and natural gas reserves in the Arkoma Basin, Texas, Louisiana and the shallow waters of the Gulf of Mexico. PetroQuest trades on the New York Stock Exchange under the ticker PQ.

MagneGas Corporation (NASDAQ:MNGA)

MagneGas Corporation (MNGA), the developer of a technology that converts liquid waste into a hydrogen-based fuel, declared its financial results for the fiscal year ending December 31, 2014. During 2014, the Corporation focused its efforts on launching its new MagneGas2® fuel, continued development of the co-combustion business line and launching international equipment sales for liquid sterilization. In addition, the Corporation developed relationships with key stakeholders from targeted markets and purchased a gas distribution corporation to create a platform for MagneGas® fuel sales. The Corporation also elevated its focus on the role MagneGas can play in sustainable development.

Full Year Business Highlights:

The Corporation has identified three major market segments which it is pursuing to generate proceed:

  • Industrial gas sales;
  • Equipment sales for liquid waste processing;
  • Use of MagneGas® for the co-combustion of hydrocarbon fuels to reduce emissions.

The Corporation also focused on research and development initiatives in the following key areas:

  • Combustion of MagneGas® with hydrocarbon fuels, such as coal, to reduce emissions;
  • High volume processing of oil, with subsequent new fuel launch and development;
  • Sterilization of heavy manures and sludge in high volume.

MagneGas Corporation, an alternative energy corporation, hydrogen based alternative fuel through the gasification of carbon-rich liquids in the United States and internationally.

Inogen, Inc. (NASDAQ:INGN)

Inogen, Inc. (INGN), postponed its fourth quarter and fiscal year 2014 earnings release and conference call, which had been planned for March 12, 2015. Inogen will declare such results as soon as practicable following the completion of the Audit Committee’s investigation.

During the first quarter of 2015 certain potential accounting matters were discovered by administration, which prompted the Audit Committee, with the assistance of independent advisors, to commence an internal investigation.

Inogen is innovation in oxygen therapy. We are a medical technology corporation that develops, manufactures and markets innovative oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions.

Box, Inc. (NYSE:BOX)

Box, Inc. (BOX), the leading enterprise software platform for secure content collaboration, declared financial results for the fiscal fourth quarter and full year ended January 31, 2015 (“fiscal 2015”).

Fiscal Fourth Quarter Financial Highlights:

  • Proceed was $62.6 million for the fourth quarter of fiscal 2015, an raise of 61% from $38.8 million in the fourth quarter of fiscal 2014.
  • Billings in the fourth quarter of fiscal 2015 were $82.0 million, an raise of 33% from $61.5 million in the fourth quarter of fiscal 2014.
  • GAAP operating loss in the fourth quarter of fiscal 2015 was $45.8 million, or 73% of proceed. This compares to GAAP operating loss of $40.2 million, or 103% of proceed, in the fourth quarter of fiscal 2014. Non-GAAP operating loss in the fourth quarter of fiscal 2015 was $32.2 million, or 51% of proceed. This compares to non-GAAP operating loss of $35.2 million, or 91% of proceed, in the fourth quarter of fiscal 2014.
  • GAAP net loss per share attributable to ordinary stockholders, basic and diluted, in the fourth quarter of fiscal 2015 was $2.64 on 20.0 million shares outstanding, contrast to $3.46 in the fourth quarter of fiscal 2014 on 12.6 million shares outstanding. Non-GAAP net loss per share attributable to ordinary stockholders, basic and diluted, in the fourth quarter of fiscal 2015 was $1.65, contrast to $2.85 in the fourth quarter of fiscal 2014.
  • Net cash used in operating activities in the fourth quarter of fiscal 2015 totaled $15.6 million, contrast to $22.6 million in the fourth quarter of fiscal 2014.

Fiscal Year 2015 Financial Highlights:

  • Proceed was $216.4 million for fiscal year 2015, an raise of 74% from $124.2 million in fiscal year 2014.
  • Billings in fiscal year 2015 were $246.4 million, an raise of 41% from $174.2 million in fiscal year 2014.
  • GAAP operating loss in fiscal year 2015 was $166.7 million, or 77% of proceed. This compares to GAAP operating loss of $158.8 million, or 128% of proceed, in fiscal year 2014. Non-GAAP operating loss in fiscal year 2015 was $127.2 million, or 59% of proceed. This compares to non-GAAP operating loss of $145.2 million, or 117% of proceed, in fiscal year 2014.
  • GAAP net loss per share attributable to ordinary stockholders, basic and diluted, in fiscal year 2015 was $11.48 on 15.9 million shares outstanding, contrast to $14.89 in fiscal year 2014 on 11.3 million shares outstanding. Non-GAAP net loss per share attributable to ordinary stockholders, basic and diluted, in fiscal year 2015 was $8.13, contrast to $12.91 in fiscal year 2014.
  • Net cash used in operating activities in fiscal year 2015 totaled $84.9 million, contrast to $91.8 million in fiscal year 2014.
  • Cash and cash equivalents were $330.4 million as of January 31, 2015.

Outlook:

Q1 FY16 Guidance: Proceed is predictable to be in the range of $63 to $64 million, and non-GAAP operating loss as a percentage of proceed is predictable to be in the range of (56%) to (58%).

Full Year FY16 Guidance: Proceed is predictable to be in the range of $281 to $285 million, and non-GAAP operating loss as a percentage of proceed is predictable to be in the range of (50%) to (52%).

Founded in 2005, Box (BOX) is transforming the way people and organizations work so they can achieve their greatest ambitions. As the world’s leading enterprise software platform for content collaboration, Box assists businesses of all sizes in every industry securely access and manage their critical information in the cloud. Box is headquartered in Los Altos, CA, with offices across the United States, Europe and Asia.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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Stocks Landing in Bearish Zone - PetroQuest Energy, (NYSE:PQ), MagneGas Corporation, (NASDAQ:MNGA), Inogen, Inc. (NASDAQ:INGN), Box, Inc. (NYSE:BOX) Reviewed by on . On Thursday, Following U.S. Stocks were among the "Top Losers": PetroQuest Energy Inc. (NYSE:PQ), MagneGas Corporation (NASDAQ:MNGA), Inogen, Inc. (NASDAQ:INGN) On Thursday, Following U.S. Stocks were among the "Top Losers": PetroQuest Energy Inc. (NYSE:PQ), MagneGas Corporation (NASDAQ:MNGA), Inogen, Inc. (NASDAQ:INGN) Rating: 0

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