Media & Technology
Major Comeback on G2; Galaxy Next Generation (GAXY) Fast Growing Revenues & Backlog, Cov-Shield Contracts & Purchase Orders Cascsd
Galaxy Next Generation Inc (OTCMKTS: GAXY) is on the rise in recent trading on a massive surge of trading volume and interest from investors. The stock is under heavy accumulation as penny stock speculators accumulate the float. GAXY started moving up in July of last year as its covid-19 products began to gain traction and the stock moved higher fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than GAXY has.
G2 is an exciting Company that has quickly attracted an enormous and growing shareholder base who continue to accumulate at current levels. G2 management has been working hard behind the scenes recently eliminating convertible notes to avoid dilution. G2 sells a wide variety of products for the classroom including 4k interactive panels, audio, paging, intercom, and visual communication for schools to name just a few. The Company has also developed a number of products to fight covid-19 including the Cov-Shield: a clear barrier that provides safety, flexibility, and protection and meets current CDC guidelines. Revenues have picked up substantially with the Company reporting $2 million in sales for the six months ended December 31, 2020, up 32% over the same period last year. G2 also reported a backlog of at least $2 million in sales. GAXY has been busy reporting significant contracts and purchase orders including a $600,000 order in Cov-Shield products from school district in Southern Texas, $172,000 contract from Thompson County School District in Colorado and the recent 5-year contract from Allen Independent School District in Texas.
Galaxy Next Generation (OTCQB:GAXY) is a provider of interactive learning technology solutions that allows the presenter and participant to engage in a fully collaborative instructional environment. Galaxy’s products include Galaxy’s own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices. Galaxy’s distribution channel consists of 22+ resellers across the U.S. who primarily sell the Company’s products within the commercial and educational market. Galaxy does not control where resellers focus their resell efforts, although generally, the K-12 education market is the largest customer base for Galaxy products – comprising nearly 90% of Galaxy’s sales. G2 provides technology to the classroom of today for the generation of tomorrow and has been getting noticed for its Cov-Shield line of products that are selling at a rapid rate as school districts open up. To help with its rapid growth GAXY has recenlty hired an addition 4 new full-time employees as well as added production and sales capabilities in Arizona and a new warehouse and sales offices in Jacksonville, Florida.
G2 sells a wide variety of products for the classroom including 4k interactive panels, audio, paging, intercom, and visual communication for schools to name just a few. The Company has also developed a number of products to fight covid-19 including the Cov-Shield: a clear barrier that provides safety, flexibility, and protection and meets current CDC guidelines.
In January the Company reported it has eliminated all variable convertible debt and that as of January 1, 2021 the Company has no convertible toxic debt. The most recent convertible debt financing has been completely eliminated as the Company previously agreed to accelerate their ability to convert to equity ahead of schedule.
$GAXY
Great news –
5-Year Contract.. huge contract..
Patience on $GAXY. Still long way to go.. we are in the beginning of great journey.. you see G2 Brands turning as well known products in this EDTech market.. future with $GAXY is going to be exciting.. looking forward to it..— Srtrades (@Srtrades1) March 2, 2021
https://twitter.com/Tmaccreator11/status/1366798917128491008
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A huge milestone G2 recently achieved was the successful completion of its first purchase order ever received from an OEM partner. Prior to developing and manufacturing audio equipment for other companies, GAXY was only developing for its own ‘G2′ brand. This new opportunity to manufacture products for others is a major step in accelerating the Company’s revenue growth, as it will not be solely dependent on its channel size and customer base for these particular products. A successful OEM channel takes potential competitors and turns them in to Galaxy customers.
On February 16 GAXY reported its operating and financial results for the fiscal second quarter and six months ended December 31, 2020. Revenue increased 32% to $2.0 million. Gross Margin of 34% after freight and transit. Reduction in quarterly operating loss to $0.9 million (for the three months ended December 31, 2020). Total Assets increased to $5.6 million. Backlog increased to $2.0 million
The Company has been strengthening its management team recently appointing Bill Brinkman to Chief Operating Officer. Bill’s experience includes more than 30 years of sales leadership with a range of organizations from Fortune 200 packaged goods companies to high-tech startups. GAXY also recently hired Tony Grant as its Western Regional Sales Manager, as the Company expands its sales capabilities to support its rapid growth.
On March 2 GAXY announced it has been awarded a 5-year contract from Allen Independent School District in Texas. This contract enables Allen Independent School District and its 23 schools’ access to all G2 products, including G2 Interactive Panels ranging 55″, 65″, 75″ and 86″ sizes, G2 TeacherView distance learning solution, G2 Control, Bells, Intercom and Cov-Shield.
Gary LeCroy, Galaxy’s Chief Executive Officer, commented, “Allen Independent School District now has a vehicle to easily purchase all our products. We will begin outreach to each of the 23 schools with product information as we look forward to a long-standing relationship with the school district in helping their teachers and students connect and learn in a safe environment.”
$GAXY
On a positive note, we are getting rid of weak hands. $GAXY holding long and strong. https://t.co/TGOYme7OHq— Srtrades (@Srtrades1) February 23, 2021
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Galaxy Next Generation Inc (OTCMKTS: GAXY) is on the rise in recent trading on a massive surge of trading volume and interest from investors. The stock is under heavy accumulation as penny stock speculators accumulate the float. GAXY started moving up in July of last year as its covid-19 products began to gain traction and the stock moved higher fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than GAXY has. G2 is an exciting Company that has quickly attracted an enormous and growing shareholder base who continue to accumulate at current levels. G2 management has been working hard behind the scenes recently eliminating convertible notes to avoid dilution. G2 sells a wide variety of products for the classroom including 4k interactive panels, audio, paging, intercom, and visual communication for schools to name just a few. The Company has also developed a number of products to fight covid-19 including the Cov-Shield: a clear barrier that provides safety, flexibility, and protection and meets current CDC guidelines. Revenues have picked up substantially with the Company reporting $2 million in sales for the six months ended December 31, 2020, up 32% over the same period last year. G2 also reported a backlog of at least $2 million in sales. GAXY has been busy reporting significant contracts and purchase orders including a $600,000 order in Cov-Shield products from school district in Southern Texas, $172,000 contract from Thompson County School District in Colorado and the recent 5-year contract from Allen Independent School District in Texas. We will be updating on GAXY when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GAXY.
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Disclosure: we hold no position in GAXY either long or short and we have not been compensated for this article.
LAVA Therapeutics N.V. (NASDAQ: LVTX) shares soared 106% as the company announced that Janssen Biotech, Inc., a part of the Janssen Pharmaceutical Companies of Johnson & Johnson, chose a lead candidate aimed at an undisclosed tumor-associated antigen for further development towards clinical settings.
GAMMABODY™ PLATFORM
LAVA primarily focuses on revolutionizing cancer therapy by developing its Gammabody™ platform. This platform enables them to create bispecific gamma delta T cell engagers that can activate a specific subset of gamma-delta T cells called Vγ9Vδ2 (Vgamma9 Vdelta2) T cells. By utilizing this approach, they aim to enhance the natural recognition of tumors, guide Vγ9Vδ2 T cells to target the tumor cells directly and trigger a cascade of immune responses.
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What sets their Gammabody™ drug candidates apart is their exceptional performance and safety profiles observed in preclinical studies. Compared to other bispecific T cell engager approaches, their candidates have demonstrated superior efficacy and preferred targeting tumor cells. This targeted approach has the potential to minimize toxicity in healthy tissues.
In May 2020, LAVA entered into a research collaboration and license agreement with Janssen, a subsidiary of the Janssen Pharmaceutical Companies of Johnson & Johnson. This collaboration aimed to discover and develop novel bispecific antibody-based gamma delta T cell engagers for cancer treatment. The agreement was facilitated by Johnson & Johnson Innovation, emphasizing their commitment to fostering innovation in the field.
My big % winning day trade today was $LVTX.
All I did was follow the system.
It has a small float.
Fresh meet never pumped before.
Big News out.
Giant volume.
Why I jumped in early and took profits on the spike in volume. pic.twitter.com/2knPeC5RHz— Trader Brian Jones (@MasterBJones) June 2, 2023
As part of the collaboration, LAVA had the opportunity to receive potential milestone payments and royalties based on the successful development, regulatory approvals, and commercialization of the candidates. This incentivized LAVA to actively pursue the discovery and advancement of promising lead candidates.
The collaboration represents a remarkable milestone many early-stage biotech companies aspire to achieve. Partnering with a program brings numerous benefits, including reduced risk of dilution through milestone payments as the trials advance and streamlined commercialization once the product receives approval.
$LVTX $66mil mcap, $133mil in cash at the end of December, cash runway into 2026, median price target $13 (443% upside)
— Jake Weber (@BioStockAnalyst) June 2, 2023
Under the terms of the agreement, Janssen will assume responsibility for the selected candidate’s future clinical development, manufacturing, and commercialization. This includes bearing the costs and expenses associated with these activities.
Stephen Hurly, LAVA Therapeutics’s president and chief executive officer, expressed satisfaction with Janssen’s selection of a lead candidate for clinical studies. He emphasized LAVA’s pioneering role in developing gamma-delta bispecific antibodies through their proprietary Gammabody platform. This platform and LAVA’s extensive expertise in bispecific antibody development position them at the forefront of advancing novel therapies for cancer patients.
$LVTX has three gamma-delta t cell drug candidates in early-stage trials, including collaboration with $SGEN for solid tumors.
— Jake Weber (@BioStockAnalyst) June 2, 2023
In summary, LAVA Therapeutics’ collaboration with Janssen has reached a significant milestone in selecting a lead candidate for further development toward clinical studies. This progress underscores LAVA’s dedication to leveraging its Gammabody platform and expertise in bispecific antibody development to revolutionize cancer treatment.
We will update you on LVTX when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening in the markets!
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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.
Onfolio Holdings Inc (NASDAQ: ONFO), a technology services company, has recently introduced an advanced generative AI search function for its subsidiary, MightyDeals.com. The implementation of this innovative AI tool, powered by chatGPT-style Large Language Models (LLMs), has resulted in a surge of 105% in the company’s stock price and sparked tons of investor interest. The company has a 3.28M float and, at the time of writing, has traded 20x that amount, with a colossal 60M shares exchanging hands.
Revolutionizing User Experience and Driving Stock Surge
$onfo in news and float are lit pic.twitter.com/7afKMOfdz2
— …frankyboyz… (@frankyboyz77) May 26, 2023
With the integration of AI search on MightyDeals.com, customers can now use natural language to describe the products they seek, simplifying the buying process. The AI tool utilizes contextual understanding and description analysis of hundreds of active deals to generate instant search results based on users’ queries. By enhancing the user experience, Onfolio Holdings anticipates increased user return rates, higher site interaction rates, and elevated revenues for MightyDeals.com. This groundbreaking development has attracted positive attention, significantly increasing Onfolio Holdings’ stock price.
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$ONFO just took the elevator to the top!
Now just waiting on $CYTO pic.twitter.com/OfJgNb1ty0
— 💎 DBR 💎 (@dbr_land) May 26, 2023
Evaluating Financial Performance
While the stock surge indicates investor enthusiasm, assessing Onfolio Holdings’ financial performance is crucial for comprehensive investment analysis. The positive earnings growth of +44.44% and revenue growth of +22.74% contribute to the company’s optimistic outlook. However, investors should be cautious of the negative net profit margin of -190.75% and the lack of available price/book ratio data. Monitoring the company’s financial performance leading up to the next reporting date on August 30, 2023, is advised to understand its profitability and overall stability better.
*says the word "AI" once
* $ONFO +76% at market open pic.twitter.com/gOLBZjlqJ2
— Commonstock (@JoinCommonstock) May 26, 2023
Investment Outlook and Future Prospects
Considering the stock surge and optimistic price forecasts, Onfolio Holdings has promising prospects. Analysts offer a median target price of $3.00 for the company’s stock, signaling an expectation of significant growth within the next 12 months. However, it is essential to note that Onfolio Holdings operates at a loss. Investors should thoroughly evaluate the company’s long-term growth potential and weigh the potential returns against the inherent risks before making investment decisions.
$onfo in news and float are lit pic.twitter.com/Q8eIveRfgd
— …frankyboyz… (@frankyboyz77) May 26, 2023
About MightyDeals.com
Mighty Deals is a free daily deals website aimed at creative professionals focusing on products and services for web designers and developers. The site offers fantastic deals on quality fonts, templates, apps, add-ons, plug-ins, ebooks, icons, and more. The site provides discounts on packages which usually range between 50%-97% off but are only available for a limited time. MightyDeals.com boasts an exceptional return rate from its users and is one of Onfolio Holdings’ highest revenue-generating subsidiaries.
About Onfolio Holdings Inc.
Onfolio acquires and manages a diversified portfolio of online businesses across a broad range of verticals, each with a niche content focus and brand identity. Onfolio acquires firms that meet its investment criteria, being that such businesses operate in sectors with long-term growth opportunities, have positive and stable cash flows, face minimal threats of technological or competitive obsolescence, and can be managed by our existing team or have strong management teams largely in place. The Company excels at finding acquisition opportunities where the seller has not fully optimized their business. Onfolio’s experience and skillset allow it to add increased value to these existing businesses.
$ONFO #Ai have you seen this stock? Just came out with a competitive AI software that will fight against the tech kings #microsoft #google
— Don’t Look Down (@M_1Ball) May 26, 2023
Conclusion
Onfolio Holdings’ introduction of the generative AI search function for MightyDeals.com has increased the company’s stock price, reflecting the market’s positive response to this innovative technology. The enhanced user experience and the potential for increased revenues have positioned Onfolio Holdings as a leader in the tech industry. However, investors must carefully consider the company’s financial performance and evaluate its long-term growth potential before making investment decisions. Monitoring the company’s performance to the next reporting date will provide valuable insights into its financial health and stability.
$ONFO – "AI program" is laughable. Check it out on https://t.co/0LdCQCWC28. I searched for "shoes" and flower bouquets showed up. I put in a search for "dogs" and african animals came up.
Plus, lockup expiry is tomorrow, so this is a blatant pump and dump: pic.twitter.com/QnYVoDnqqr
— Adam Gefvert, CFA (@Shiningboy) May 26, 2023
We will update you on ONFO when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening in the markets!
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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.
Enveric Biosciences, Inc. (NASDAQ: ENVB) shares surged 78% this morning upon approval of some fantastic news. The United States Patent and Trademark Office has granted them a notice of allowance for their patent application concerning a groundbreaking chemical compound called EB-373. This compound is being developed to address the treatment of anxiety disorders.
The forthcoming patent, titled “C4-Carbonothioate-Substituted Tryptamine Derivatives and Methods of Using,” encompasses claims for the composition of matter of a family of revolutionary prodrug derivatives of psilocin. Enveric’s lead product candidate, EB-373, stands out among these derivatives. A Notice of Allowance signifies that the USPTO has determined that a patent should be granted based on the submitted application.
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$ENVB halted up
— Antonio Costa (@ACInvestorBlog) May 18, 2023
Enveric’s commitment to innovation extends beyond EB-373. They have also submitted additional patent applications to the USPTO, exploring psilocin prodrugs with unique crystalline molecular structures. Moreover, they have taken proactive steps to pursue global coverage of the EVM201 and EVM301 Series through companion Patent Cooperation Treaty and non-US national patent applications. Encouragingly, positive International Search Reports and written opinions have been received under the Patent Cooperation Treaty for most of these applications.
$ENVB 💰💰💰💰💰 pic.twitter.com/qCIxiCpF0E
— FonsieTrader (@FonsieTrader) May 18, 2023
Joseph Tucker, Ph.D., Enveric’s director and CEO, underlined the significance of the USPTO’s favorable decision concerning their lead candidate, EB-373. He highlighted the innovative designs of their psilocin prodrugs within the EVM201 series, differentiating them from conventional counterparts like psilocybin. These novel designs hold the potential to deliver more rapid therapeutic effects, precise control, and reduced gastrointestinal side effects. Tucker emphasized that securing a robust intellectual property portfolio for their new chemical entity prodrugs is pivotal to Enveric’s value proposition and integral to their business strategy of developing cutting-edge small-molecule therapeutics to address mental health disorders.
$ENVB 👇this is an important milestone for the company! The price could increase fivefold wit the time imo.
Enveric Biosciences Receives Notice Of Allowance From US Patent And Trademark Office For Novel Prodrug Of Psilocin
— Swingy John (@daytrader_2020) May 18, 2023
We will update you on ENVB when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening in the markets!
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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.
Image by Gino Crescoli from Pixabay
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