Nasdaq Stock Winners: GREE, GFAI, HUSN
2:49 pm Friday, April 01st, 2022
Greenidge Generation Holdings Inc (NASDAQ:GREE) moved up 31% on high volume. Total revenue increased to $44.3 million, up 617% year-over-year. Cryptocurrency datacenter revenue increased to $33.7 million, up 676% year-over-year. GAAP net loss was $41.4 million for the fourth quarter, including a $42.3 million noncash goodwill impairment charge related to the Support.com business, as compared to a net loss of $0.8 million in the prior year.Adjusted EBITDA of $19.1 million – in line with February 2022 guidance of $18 million to $20 million. Adjusted EBITDA margin of 43.2%, compared to 19.2% in the prior year.
Hudson Capital Inc. (NASDAQ:HUSN) announced that on March 30, 2022, it has sold its wholly-owned subsidiary, Hong Kong Internet Financial Services (HKIFS), to private investors. Javier Selgas, CEO of Hudson Capital and Freight App, Inc., said, “As we focus more on our core business as a transportation logistics technology platform company and on improving operations, we decided it would be prudent to divest from any non-core, non-performing businesses. With the sale of HJIFS, our operations are 100% based in North America, creating room for long-term growth in our target markets.”
Guardforce AI Co Ltd (NASDAQ:GFAI) The Singapore-based firm specializes in the security solutions industry. Now, it is establishing subsidiaries in two growing tech markets on opposite sides of the globe. News of this expansion initiative has sent GFAI stock shooting up this morning, and it is poised to keep climbing. Before markets opened on Tuesday, Guardforce announced the incorporation of two subsidiaries in Dubai and Australia. GFAI Robot & Smart Machines Trading (GFAI Dubai) is still in what the company describes as the “initial setup phase.”
