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Schrodinger is bullish with strong 2Q 2020 results
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Schrodinger Inc. (NASDAQ:SDGR) 9 Days %K is 19.89% and 9 Days %D is 19.89%, the stock looks bullish
| 2Q 2020 | 2Q 2019 | |
| Revenue | $23.1 million up 21% | |
| Gross profit | $13.6 million up 38% | |
| Software gross margin | 82% | 75% |
| Operating expenses | $30.7 million up 29% | |
| Other income | $13.1 million | $13.2 million |
| Net loss | $3.4 m | $0.5 million |
| Cash, Cash Equivalents | $284.5 million |
Schrodinger Inc reported $20.9 million in software revenue in 2Q 2020. This is a 44% increase from what the company reported in 2Q 2019. The company reported a 52% increase in drug discovery revenue to $2.2 million compared to what was reported in 2Q 2019.
Hexo is bullish as its seeks to raise more revenue through an ATM program
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Hexo Corp. (NYSE:HEXO) 9 Days %K 19.94% and 9 Days %D 16.12% the stock looks bullish.
HEXO has announced the completion of at-the -market equity that it had previously announced. Under the program, the company sold a total of 33,921,979 common shares through the New York Stock Exchange and the Toronto Stock Exchange. The shares were priced at normal market value and expected to generate proceeds amounting to C$17,248,047 and US$12,751,168. The company distributed the shares pursuant to the terms of an equity distribution agreement signed among the Company, Oppenheimer & Co. Inc., as U.S. agent, and ATB Capital Markets Inc., as Canadian agent. Proceeds from the offering will be used to for general corporate purposes like debt repayments, capital expenditures, and working capital.
Sabesp is positive us it waivers water bills for low income customers
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Sabesp (NYSE:SBS) 9 Days %K 19.50% and 9 Days %D 19.67% the stock looks bullish.
Sabesp, a Brazilian state-run sanitation company has announced that low-income earners will be exempted from paying bills until September 15. This was announced by the Sao Paulo state vice-governor who said the move is as a result of the COVID-19 pandemic. The decision was originally effected in April, extended to July 31, and now has been extended further to August 15 and is expected to benefit more than 2 million people. It is part of the broader efforts to help poor families that have been impacted by the COVID-19 pandemic.
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COMTEX_370480062/2700/2020-09-01T09:26:36
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