On Friday, Vapor Corp (NASDAQ:VPCO)’s closed at $0.780, while its weekly performance remained poor, showing the downward trend up to -25.71% on April 02, Vapor Corp (VPCO), declared its recent organizational restructuring to further maintain the Corporation’s competitiveness and establish its branded products and retail stores in an increasingly evolving e-cigarette and vaporizer market.
In conjunction with the recent merger with Vaporin, Vapor Corp. has taken a holistic approach to demonstrate the Corporation’s continued commitment to success, growth and innovation. To aid with this process, Vapor Corp. has brought on several new members to its revamped administration team, counting President and Director Gregory Brauser, Chief Financial Officer James Martin and new Board Member Robert Swayman.
Additionally, in an effort to further establish its national distribution network across the board, Vapor Corp. has developed new supply deals with key retailers and reorganized inventory to pave the way for vaporizers to support an increasing demand for these products. Vapor Corp. has also opened three new “The Vape Store” locations in Orlando and one in Port Charlotte. Looking ahead, the Corporation is poised to open an additional 20 to 30 branded retail “The Vape Stores” before the end of fiscal 2015.
Vapor Corp. designs, markets, and distributes vaporizers, e-liquids, electronic cigarettes, and accessories primarily in the United States and Canada. Its Vaporizers and electronic cigarettes are battery-powered products that enable users to inhale nicotine vapor without smoke, tar, ash, or carbon monoxide.
American Eagle Energy Corp (NYSEMKT:AMZG)’s shares dropped -0.38% to $0.132, during the last trading session on Friday, while its weekly performance remained poor, showing the downward trend up to -23.55% as American Eagle Energy Corp (AMZG), declares its financial results for the fourth quarter ended December 31, 2014 and provides an update on its current liquidity. The Corporation filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission on March 31, 2015.
Highlights
- Production of 238,140 barrels of oil equivalent (“BOE”), or an average of 2,588 BOEPD;
- year-over-year raise of 38% from 1,879 BOEPD (172,829 BOE)
- sequential quarterly raise of 18% from 2,193 BOEPD (201,774 BOE)
- Fourth quarter 2014 oil and gas sales of $14.5 million;
- a year-over-year raise of 7%
- a sequential quarterly decrease of 15%
- Adjusted EBITDA* of $7.9 million;
- Adjusted Cash Flow* of $3.1 million;
- Adjusted Loss* of $7.0 million or $0.23 per diluted share; and
- Negative working capital of $9 million that comprises cash of $19 million as of February 28, 2015.
American Eagle Energy Corporation engages in the attainment, exploration, development, and production of oil and gas properties. It primarily holds interests in the oil deposits located within the Bakken and Three Forks formations in western North Dakota and eastern Montana.
At the end of Friday’s trade, Extreme Networks, Inc (NASDAQ:EXTR)‘s shares dipped -22.84% to $2.50, while its weekly performance remained poor, showing the downward trend up to -22.84%, as Extreme Networks, Inc (EXTR), declared preliminary unaudited results for the quarter ended March 31, 2015.
“Extreme practiced a number of challenges this quarter affecting proceed,” stated Chuck Berger, president and CEO of Extreme Networks. “In the U.S. and Canada, we practiced deferred spending at several key accounts in the higher education market in addition to several stadium and venue deals pushing out of the March quarter. Currency influences in Europe and Latin America resulted in customers delaying or cancelling purchases. Operating expenses came in below the low end of guidance due to tighter expense administration throughout the quarter which we plan to continue going forward. Additionally, we continued to reduce our outstanding debt by $20.6 million and expect ending cash balances to be in the range of $74 million to $76 million.”
The estimates for non-GAAP proceed for the quarter ended March 31, 2015 comprise purchase accounting adjustments for deferred proceed of about $0.8 million related to our attainment of Enterasys Networks. The estimates for non-GAAP gross margin comprise adjustments of about $4.3 million for amortization of intangibles, about $0.8 million for purchase accounting adjustments and about $0.5 million stock based compensation expense. The estimate for non-GAAP operating expenses exclude about $6.5 million for amortization of non-product intangibles and integration expenses related to our attainment of Enterasys in addition to stock based compensation expenses of about $3.6 million.
Extreme Networks, Inc., together with its auxiliaries, provides wired and wireless network infrastructure equipment, software, and services for enterprises, data centers, and service providers. The corporation offers Black Diamond products, which deliver modular or chassis-based Ethernet connectivity solutions that have a range of administration and line cards allowing customers to configure and re-purpose the systems; and Summit product family of stackable Ethernet switching systems, which provide a range of connection speeds, various physical presentations, and options to deliver PoE or unpowered standard Ethernet ports.
Ceres Inc (NASDAQ:CERE), ended its Friday’s trading session with -16.33% loss, and closed at $2.10, while its weekly performance remained poor, showing the downward trend up to -20.45%, after Ceres Inc (CERE), declared financial results for the three months ended February 28, 2015.
The corporation stated advancements across major areas for its breeding and genetic technologies, counting biotech trait development, forage sorghum and Persephone bioinformatics software, and offered an update on its business in Brazil.
“We have responded rapidly to changes in the energy market in addition to the economic challenges faced by the Brazilian ethanol industry. Recently, we are much more than just a bioenergy corporation and have expanded the number of market opportunities accessible for our technology and products,” said Ceres President and CEO Richard Hamilton.
Ceres Chief Financial Officer Paul Kuc stated that the corporation has a number of forthcoming milestones, counting seeds sales in the U.S. forage market, the ongoing roll-out of its Persephone bioinformatics software, harvest results in Brazil and the continued advancement of traits for crops like corn and sugarcane. “We continue to keep a close eye on expenses and are evaluating our capital needs and financing options as the year progresses in light of our accomplished and forthcoming milestones.”
Ceres, Inc., an agricultural biotechnology corporation, develops and sells energy crops to produce renewable bioenergy feedstocks in North America. The corporations energy crops comprise sweet sorghum; high biomass sorghum for the generation of renewable electric power and the creation of cellulosic biofuels; switchgrass, a perennial grass; miscanthus, a tall perennial grass for use as an energy crop. Ceres, Inc. markets its seed products under the Blade brand.
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