3 Big Stock Movers: RSHN, AABB, KNDI
3:01 pm Tuesday, December 28th, 2021
RushNet (OTCPK:RSHN) said its units heliosDX and Grandeza Healthcare achieved their annual forecasted targets. Previously, heliosDX forecasted $6M in annual revenue, an increase of ~39% from 2020. HeliosDX posted revenue of ~$2.64M in 2019 and $4.29M in 2020. Grandeza had a revised increased revenue target of $1.6M, and exceeded its annual targeted forecast. Rushnet previously noted a consolidated annual revenue forecast of $7.6M, and based on the financial performance of the subsidiaries has exceeded its annual forecast. Rushnet added that it is looking forward to completing audits previously started in the summer of 2021.
Asia Broadband (OTCPK:AABB) launched its proprietary cryptocurrency exchange within the AABB Wallet. The company said the launch is the initial phase of the Exchange roll out in the necessary process to ensure stability, proper functioning and integration of the various component modules. In collaboration with the company’s digital assets developer, the continued roll out of the Exchange components in the coming weeks will have 200 plus cryptocurrency Exchange trading pairs available on the BCGateway platform.
Kandi Technologies’ (NASDAQ:KNDI) subsidiary, Jiangxi Province Huiyi New Energy Co. Ltd, entered mass production of its lithium iron phosphate battery IFR18650-2200mAh. The IFR18650-2200mAh has 10% higher energy capacity than the 18650-2000mAh created in 2019 and is 22% higher than the current industry average. After years of technical innovation, Huiyi has now achieved a breakthrough in the energy density of its LFP 18650 battery. Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi, “As technology-leading LFP batteries move into the market, we believe Kandi and Huiyi can harness synergies based on our complementary strengths in R&D and target markets. We are confident that Kandi can strengthen its market position in the supply chains of various electric vehicles as we integrate Huiyi into our operations.”
