Small Cap Gainers: VVNT, EGLX, PCT
3:52 pm Monday, November 15th, 2021
Vivint Smart Home Inc (NYSE:VVNT) reported Q3 results; revs grew +21.3% yr/yr to $68.0 mln while total subscribers in co’s portfolio grew by more than 155,000. Attrition declined yr/yr to 11.4%, the lowest rate in 13 quarters. Co is on pace to meet or exceed the high end of its 2021 guidance targets despite supply chain and inflationary pressures.
Enthusiast Gaming Holdings Inc (NASDAQ:EGLX) continues to see volatility after co released Q3 results last week. The stock gains back toward last Thursday’s two-month highs. Enthusiast Gaming is a Canadian digital media company specializing in video game journalism. Founded in 2014 by entrepreneur Menashe Kestenbaum, the company owns the websites Destructoid and Escapist Magazine, as well the gaming convention Enthusiast Gaming Live Expo.
Purecycle Technologies Inc (NASDAQ: PCT) pares last week’s decline, which followed co’s announcement of Q3 financial results and a corporate update. PureCycle Technologies, Inc. produces recycled polypropylene (PP). The company holds a license for restoring waste PP into virgin-like resin. Its proprietary process removes color, odor, and other contaminants from recycled feedstock to produce recycled PP. The company was founded in 2015 and is based in Orlando, Florida.
