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Sysorex Inc (OTCMKTS: SYSX) Parabolic Reversal as Ethereum Miner Inks Major Government Contracts & Looks to Up List to Major Exchange

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Sysorex Inc (OTCMKTS: SYSX) is making an explosive move up the charts on accelerating volume after a brief dip below the $0.25 mark. The stock has a recent history of big moves skyrocketing to $15 per share in April after the Company announced the closing of a reverse triangular merger with TTM Digital Assets & Technologies, Inc., a data center owner and operator and now, the largest U.S. publicly traded Ethereum mining company based in the United States with operations in New York and North Carolina. SYSX has momentum, huge liquidity and legions of new shareholders bidding up the price with a significant gap to fill from current levels to April highs. 

Fully reporting OTCQB SYSX is blessed with a tight share structure with just 146,194,212 shares outstanding.  The Company recently entered the booming NFT space with an investment in the Hunt, a creative marketplace powered by Ethereum Blockchain technology to develop, display and sell augmented reality NFTs enhanced for immersive, mixed-reality-world platforms, and products through curated releases and experiences for the Metaverse in music, fashion and entertainment.   The Hunt has already generated more than 2 million downloads with more than 500 thousand unique monthly visitors. The Sysorex Government Services (SGS) business is growing as the Company recently announced SGS was awarded multiple government contracts totaling more than $16 million. Sysorex is making efforts to achieve an up listing to a national exchange like Nasdaq by the end of the year. The Company currently owns and operates approximately 10,000 NVIDIA GPUs generating approximately 500 Gigahash of computing power, which GPUs include thousands of Cryptocurrency Mining Processors (“CMPs”). SYSX cost to mine 1 Etherium is currently around $250; a significantly low number considering the current price of Ether. According to the most recent filings the Company achieved $6,246,000 in revenues for the 3 months ended June 30, 2021. 

Sysorex Government Services, Inc. – Sysorex, Inc.Sysorex Inc (OTCMKTS: SYSX) is a data center owner and operator and is the preeminent U.S.-based, publicly traded Ethereum mining and Ethereum Blockchain technologies company. Following the Company’s merger with TTM Digital Assets & Technologies, Inc. (“TTM”), the Company shifted its primary business focus to the mining of Ether (ETH) and opportunities related to the Ethereum Blockchain. The Company currently owns and operates approximately 10,000 NVIDIA GPUs generating approximately 500 Gigahash of computing power, which GPUs include thousands of Cryptocurrency Mining Processors (“CMPs”). These GPUs are currently online and securing the Ethereum Blockchain and generating ETH around the clock with industry leading efficiency. In addition to the mining of ETH, the Company continues to operate its wholly owned subsidiary, Sysorex Government Services, Inc. (“SGS”), a business that provides information technology products, solutions and services to federal, state, and local government, including system integrators. The Company is also advancing strategies to leverage decentralized finance (“De-Fi”) and Non-Fungible Token (“NFT”) opportunities powered by the Ethereum Blockchain. 

Recently Sysorex completed an investment in The Hunt, a creative marketplace powered by Ethereum Blockchain technology to develop, display and sell augmented reality NFTs enhanced for immersive, mixed-reality-world platforms, and products through curated releases and experiences for the Metaverse in music, fashion and entertainment.   The Hunt has already generated more than 2 million downloads with more than 500 thousand unique monthly visitors. The Hunt is a creative marketplace powered by the Ethereum Blockchain designed for streamlined purchases or sales of NFTs, powered by augmented reality technology. The NFTs are unique, one-of-a-kind and digitally verifiable, built and stored on the Ethereum Blockchain, and ready for novel display by application, website or viewable through augmented reality glasses. The NFTs may be brought into the physical world as products or through distinctive, exceptional extended reality (XR) visual experiences. 

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SYSX

The Company continues to ink government contracts; in September subsidiary, Sysorex Government Services, Inc. (SGS) was awarded multiple government contracts totaling more than $16 million during this third quarter of 2021, to date. These new orders are from the U.S. Department of Justice, Bureau of Prisons (BOP) and the U.S. Department of Agriculture (USDA). The new contracts include five BOP orders totaling approximately $11.3 million and two USDA orders totaling approximately $4.9 million. Revenue recognition for these orders is expected as the contracts are performed during the next four-to-six months, subject to accounting standards prior to invoicing. 

Under the SecurPASS® Full Body Security Screening Program, SGS previously installed more than 100 Canon® body scanners in federal correctional facilities and one of the BOP contracts is for annual maintenance of these scanners totaling approximately $1.5 million. The balance of the BOP contracts, which total approximately $9.8 million, are for security assessment services. Pursuant to the USDA contracts, SGS will procure, customize and deliver tablet computers to the USDA supporting Food Safety and Inspection Service (FSIS) and the U.S. Forest Service (USFS). The FSIS contract totals approximately $3.1 million and the USFS contract totals approximately $1.8 million. 

On October 28 an IR associate at Crescendo Communications on SYSX replied to an investors on thelion.com stated:  “The main catalysts for driving shareholder value are based on our ability to: (1) effectively mine Ether, the cryptocurrency fueling the Ethereum Blockchain, for the foreseeable future; (2) repurpose our approximately 10,000 GPUs upon the expected transition to Ethereum 2.0 next year or the following year, to mine other crypto assets, or direct our computational power to other use cases; (3) expand sales of cybersecurity and computer-related equipment to Government agencies and other potential customers; (4) position the Company to support initiatives of governments and businesses to transition information storage or ledger systems to the Ethereum Blockchain and to advance new blockchain initiatives in conjunction with these organizations; (5) work with our strategic investors and third-parties to launch a user-friendly marketplace for Non-Fungible Tokens or NFTs, created by leading artists spanning several industries that will be enhanced by technologies that will allow these NFTs to be viewed in a novel format that should drive adoption; (6) strategically invest in businesses to meet our goal to significantly participate in the value flow of Ethereum, capturing each of these areas as well as decentralized finance or DeFi products that may include decentralized applications or apps that might focus on lending, remittance and microfinance. 

There are plans in motion to participate in other opportunities made available by technologies enabled by the Ethereum Blockchain, which is expected to drive additional revenue. Stay tuned for public updates on this endeavor. 

The Sysorex Government Services (SGS) business is growing. We announced recently that SGS was awarded multiple government contracts totaling more than $16 million. Sysorex is making efforts to achieve an up listing to a national exchange like Nasdaq by the end of the year. On January 1st, 2021, the price of Ether was $730.99. Right now, just a little under 10 months later, the price of Ether is $2,884.08. It generally costs Sysorex less than $250 to mine an Ether. We are the only publicly traded, pure-play, Ethereum mining and Ethereum Blockchain technologies company. We recently entered the NFT market. Stay tuned for more announcements regarding that. 

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SYSX is making an explosive move up the charts on accelerating volume after a brief dip below the $0.25 mark. The stock has a recent history of big moves skyrocketing to $15 per share in April after the Company announced the closing of a reverse triangular merger with TTM Digital Assets & Technologies, Inc., a data center owner and operator and now, the largest U.S. publicly traded Ethereum mining company based in the United States with operations in New York and North Carolina. SYSX has momentum, huge liquidity and legions of new shareholders bidding up the price with a significant gap to fill from current levels to April highs. Fully reporting OTCQB SYSX is blessed with a tight share structure with just 146,194,212 shares outstanding.  The Company recently entered the booming NFT space with an investment in the Hunt, a creative marketplace powered by Ethereum Blockchain technology to develop, display and sell augmented reality NFTs enhanced for immersive, mixed-reality-world platforms, and products through curated releases and experiences for the Metaverse in music, fashion and entertainment.   The Hunt has already generated more than 2 million downloads with more than 500 thousand unique monthly visitors. The Sysorex Government Services (SGS) business is growing as the Company recently announced SGS was awarded multiple government contracts totaling more than $16 million. Sysorex is making efforts to achieve an up listing to a national exchange like Nasdaq by the end of the year. The Company currently owns and operates approximately 10,000 NVIDIA GPUs generating approximately 500 Gigahash of computing power, which GPUs include thousands of Cryptocurrency Mining Processors (“CMPs”). SYSX cost to mine 1 Etherium is currently around $250; a significantly low number considering the current price of Ether. According to the most recent filings the Company achieved $6,246,000 in revenues for the 3 months ended June 30, 2021. We will be updating on SYSX when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SYSX.

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Disclosure: we hold no position in SYSX either long or short and we have not been compensated for this article.

Emerging Markets

Strong Financials and Social Media Buzz Propel Forza X1, Inc. (NASDAQ:FRZA) to New Heights

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Forza X1, Inc. (Nasdaq: FRZA) shares witnessed an exceptional and unforeseen surge in its share price, skyrocketing by 151% early morning of June 5th, 2023.

Forza X1, Inc. (Nasdaq: FRZA) shares witnessed an exceptional and unforeseen surge in its share price, skyrocketing by 151% early morning of June 5th, 2023. This surge was accompanied by an unprecedented level of trading volume, marking a significant departure from the previously observed average. Notably, the stock’s trading volume had been relatively low in recent months, with numerous days experiencing trading activity of less than 1,000 shares. Without any apparent news or filings, the cause behind this sudden surge remains a subject of intrigue and speculation among market participants.

What happened?

Firstly it’s important to note that $FRZA is a spin-off of Twin Vee PowerCats Co. (Nasdaq: VEEE). $VEEE is the parent company handling the design, manufacturing, and distribution of recreational and commercial, off-shore power catamaran boats while $FRZA is the new developer of electric sport boats with a mission to accelerate the adoption of sustainable recreational boating.

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Upon examination of the company, no discernible filings or press releases have been identified to account for today’s remarkable shift. However, it seems that a tweet disseminated by the company caught the attention of retail investors, subsequently generating an enormous surge in trading volume.

This recent occurrence serves as yet another compelling demonstration of the significant impact that the retail community can exert when armed with information regarding a small float micro-cap stock, particularly when the conditions align favorably and validate the potential for substantial gains. The tweet, skillfully crafted by the company’s social media team, featured a compelling GIF and clever “Don’t miss the boat” blurb, demonstrating a keen understanding of their business’s essence. 

The timely and engaging content proved to be a perfect execution, capturing the attention and imagination of investors in a manner that resonated deeply with the nature of the company’s operations.

Overview of Twin Vee PowerCats Co. Financials

Could the surge in share price also reflect the market’s enthusiastic response to Twin Vee’s strong financial results for the first quarter of 2023? 

On May 15, 2023, Twin Vee PowerCats Co. released its financials demonstrating a substantial increase in net revenue and notable improvements in the gas-powered boat segment.

https://twitter.com/JohnZidar/status/1665685698400141313?s=20

Twin Vee PowerCats Co. (Nasdaq: VEEE) reported strong financial results for the first quarter ended March 31, 2023. The company experienced a notable 51% increase in net revenue, reaching $8.9 million compared to $5.9 million in the same period last year. The gas-powered boat segment achieved a net income of $181,000, significantly improving from the net loss of $626,000 in Q1 2022.

However, as per GAAP accounting policy, Twin Vee’s consolidated financial statements resulted in a total net loss of $1.8 million for the quarter, primarily due to their majority ownership in Forza X1, Inc. (Nasdaq: FRZA), an electric boat company. Twin Vee reported cash, cash equivalents, restricted cash, and marketable securities of approximately $12.6 million as of March 31, 2023.

The company has been expanding its product lineup, including introducing the Aquasport mono-hull boat brand. Twin Vee is confident these efforts will contribute to business scalability and brand growth. They aim to optimize inventory levels and production costs while closely monitoring market conditions, dealer inventories, and economic indicators.

Financial highlights for Q1 2023

  • Total revenue: $8,877,000 (51% increase compared to Q1 2022)
  • Gross profit: $3,222,000
  • Net income from gas-powered boats segment: $182,000
  • Net loss from Forza X1 (electric boat entity): $2,005,000
  • Loss from Fix My Boat (franchise business): $5,000
  • Adjusted net loss (excluding non-cash charges): $1,347,000
  • Adjusted net income from gas-powered boats segment: $265,000

Twin Vee’s consolidated cash, cash equivalents, restricted cash, and marketable securities were $23,457,000 as of March 31, 2023. Forza X1 reported $10,683,000 in the same category, while Twin Vee’s core business had $12,643,000, and Fix My Boat had approximately $132,000.

We will closely monitor the performance of Forza X1, Inc. (Nasdaq: FRZA) in the coming weeks, considering that it is a spinoff from its parent company. It is crucial to conduct thorough research, particularly for companies like FRZA that have yet to achieve profitability. However, it is worth noting that the parent company has been making notable progress, as evidenced by its recent financial results, which revealed a substantial increase in the bottom line.

We will update you on FRZA 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.

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Emerging Markets

Aclarion Inc (NASDAQ: ACON): A Breakthrough Partnership

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Aclarion, Inc. (NASDAQ: ACON) shares rocketed 157% Tuesday morning after their commercialization agreement with the London Clinic.

Aclarion, Inc. (NASDAQ: ACON) shares rocketed 157% Tuesday morning after their commercialization agreement with the London Clinic. The London Clinic is UK’s most renowned independent, private hospital, established 1932 with their Spine Clinic being the first specialist spinal unit based in England back in 1997.

“With a focus on providing the very best healthcare outcomes, The London Clinic is an ideal customer for Aclarion as the company works to deliver the Nociscan solution to physicians and patients around the world,” said John Sutcliffe MD, Neurosurgeon and Founder of London Spine Clinic. “The engagement with Aclarion will allow London Spine Clinic to continue offering the high-quality care our patients have come to expect. Patients need a careful assessment, diagnosis, and understanding of the different treatment options. Aclarion’s innovative Nociscan solution will enable us to objectively assess biomarkers associated with low back pain and enhance the precision of each diagnosis.”

More on Nociscan Technology

Aclarion, Inc.’s Nociscan Technology is an innovative medical solution that aims to revolutionize the diagnosis of disc-related conditions. They leverage biomarkers and proprietary augmented intelligence algorithms to help physicians identify the location of chronic low back pain.

What’s exciting is its advantages over the current standard of care. It offers a non-invasive approach, ensuring patient comfort and safety. Given it’s non-invasive, that also means 0 pain with 0 radiation (typically associated with traditional discography). The best part is it can seamlessly integrate into standard lumbar MRI protocols, making it a convenient and efficient option for healthcare providers. 

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The procedure takes approximately 25-45 minutes, thoroughly evaluating spinal discs without compromising accuracy. Additionally, Nociscan technology offers significant cost savings, with a list price of $1,450, making it an affordable alternative to traditional discograms. Overall, Aclarion, Inc.’s technological advances represent a significant push forward in disc-related diagnostic techniques, prioritizing patient well-being, convenience, and affordability.

https://twitter.com/TigerLineTrades/status/1663527784143093762?s=20

Nociscan Study

They also recently completed a study that spanned two years and involved 78 patients at a single site. The success rate soared to an impressive 85% for patients whose treatment strategy aligned with the disks identified by Nociscan. This represented a remarkable 22% improvement over patients whose treatment strategy did not consider the insights provided by Nociscan.

Aclarion expressed confidence that the results of the trial demonstrate the potential of Nociscan to assist physicians in successfully treating DLBP. Dr. Matthew Gornet, orthopedic surgeon and lead author of the study, enthusiastically endorsed Nociscan, stating, “The two-year surgical outcomes of the clinical trial provide unequivocal evidence of its effectiveness, particularly with regards to the primary endpoint, the Oswestry Disability Index (ODI). I firmly believe that Nociscan has the potential to revolutionize the standard of care and accurately aid all physicians treating chronic low back pain.”

It is worth noting that although Nociscan was performed on all patients in the study, it was not part of the surgical decision-making process, as highlighted by the company.

Conclusion

The commercial agreement between Aclarion, Inc. and the prestigious London Clinic signifies a significant milestone for both parties, carrying the potential for global recognition, revenue growth, and scalability. By integrating Aclarion’s innovative Nociscan Technology, the London Clinic demonstrates its commitment to delivering cutting-edge healthcare to optimize patient well-being and enhance clinical outcomes. Furthermore, the partnership’s success holds the potential for scaling Nociscan Technology to other institutions and markets, propelling Aclarion, Inc. to become a global leader in non-invasive medical technologies while driving substantial revenue growth.

We will update you on ACON 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.

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Emerging Markets

Aemetis Inc. (NASDAQ: AMTX) Pioneers Renewable Fuel Market with EPA Approval

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Aemetis (NASDAQ: AMTX) shares surged 105% this week. The renewable natural gas and renewable fuels company received approval from the EPA.

Aemetis, Inc. (NASDAQ: AMTX) shares surged 105% this week. The renewable natural gas and renewable fuels company received approval from the U.S. EPA to generate renewable identification numbers (RINs) under the federal Renewable Fuel Standard. They have six dairy biogas digesters up and running, with a seventh one scheduled to start operating in June 2023.

Aemetis plans to generate multiple sources of revenue from its renewable natural gas. They will sell the gas to replace petroleum diesel in transportation, sell California Low Carbon Fuel Standard credits to fuel blenders who need to meet carbon reduction requirements in California, sell the RINs generated under the federal Renewable Fuel Standard, and benefit from production tax credits starting in 2025 under the Inflation Reduction Act.

They have completed constructing and operating six dairy digesters, a biogas pipeline spanning over 40 miles, a central facility to upgrade biogas to renewable natural gas, and a utility pipeline interconnection unit. The renewable natural gas is injected into the utility gas system and stored underground until Aemetis Biogas obtains carbon intensity (CI) pathway approvals from the California Air Resources Board (CARB) to sell credits under the California Low Carbon Fuel Standard.

They have already completed 90 days of renewable natural gas production and data collection required for the CARB approval process. While the final pathway is under review by CARB, Aemetis can use a temporary CI pathway with a value of -150, allowing them to start generating revenue in the third quarter of 2023.

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Andy Foster, the president of Aemetis Biogas Inc., expressed excitement about the approval of Aemetis Biogas for generating D3 RINs, as it marks a significant milestone towards generating full product revenue. He emphasized that the company’s investments since 2019 have directly reduced greenhouse gas pollution, improved air quality in Central Valley communities, and created jobs. Aemetis is committed to expanding their network of dairy digesters and producing more carbon-negative renewable natural gas to replace petroleum diesel.

The dairy digesters, pipeline project, and biogas-to-RNG facility funding includes grants from the California Department of Food and Agriculture and the California Energy Commission. Aemetis also closed a $25 million long-term financing deal with Greater Commercial Lending last fall, supported by a loan guarantee from the USDA. This project financing has a low fixed interest rate for the first five years and spans over 20 years.

Aemetis has plans to file applications for an additional $100 million of loans from the USDA’s REAP loan program. These funds will support the engineering, permitting, and construction of 31 more dairies. Each loan application will be limited to a maximum of $25 million and carry a 20-year repayment term.

https://twitter.com/Theweedfarmer/status/1658946668052504576?s=20

Where could Aemetis, Inc. (NASDAQ: AMTX) be in 5 years?

The company has an ambitious Five Year Plan to generate substantial revenue and reduce air and carbon pollution. The plan projects $2.0 billion in revenues, $496 million in net income, and $682 million in adjusted EBITDA by 2027, with strong compound annual growth rates. Aemetis aims to expand its operations by producing Renewable Natural Gas (RNG), Sustainable Aviation Fuel (SAF), Renewable Diesel fuel (RD), and other low-carbon products. The plan emphasizes the positive financial impact of the Inflation Reduction Act.

The plan highlights the financial benefits of the Inflation Reduction Act, which enables the transfer of tax credits and incentives related to production, projected to improve net income by $341 million in 2027.

The plan also focuses on revenue growth in all product lines, including expanding the dairy RNG business, constructing a renewable jet/diesel plant, implementing carbon sequestration, and improving energy efficiencies. 

The company has already achieved significant milestones, such as completing biogas pipeline construction, upgrading facilities for biogas-to-RNG production, and progressing in carbon sequestration and renewable jet/diesel plant development. The company has also secured a biodiesel purchase agreement in India and made strides in constructing a solar microgrid and implementing energy-efficient measures.

We will update you on AMTX 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.

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