Small Cap Gainers: ROVR, BNED, HUT
3:30 pm Thursday, September 02nd, 2021
Rover Group Inc (NASDAQ: ROVR) gains to new record highs on continued strength; the stock has netted gains of approx. +41% over the past week. Rover.com is an American company which operates an online marketplace for people to buy and sell pet care services including pet sitting, dog boarding, and dog walking. Rover.com was founded in 2011 in Seattle, Washington and is formally incorporated under the name A Place for Rover, Inc. Wikipedia
Barnes & Noble Education Inc (NYSE: BNED) reported Q1 results; consolidated GAAP sales increased +18.0% yr/yr to $240.8 mln while consolidated non-GAAP adj. EBITDA was $(24.5) mln vs $(38.0) mln in the prior-year period. Retail segment gross comparable store sales increased +49.8%, with comparable textbook sales up +21.9% vs a 10.1% decline in the prior-year period. Co viewed its Q1 results as a “positive harbinger” for the fall semester ahead of the return of most schools to traditional on-campus environments; co expects to generate positive non-GAAP adj. EBITDA in FY22.
Hut 8 Mining Corp (NASDAQ:HUT) Provided a production update for August; co mined 326 Bitcoin for the month, resulting in average production of 10.5 Bitcoin per day. Co’s installed hashrate has now reached 1.37 EH/s; co continues to mine approx. 9-10 Bitcoin per day despite recent upward network difficulty adjustments.
