Venture Market News for August 2, 2018
- Zynex Announces 2018 Second Quarter Earnings
– Revenue increased 50% year over year to $7.6 million
– Net income of $2.4 million increased 61% year over year; Diluted EPS $0.07
– Adjusted EBITDA of $2.8 million increased 41% year over year
– Eighth consecutive quarter of positive net income, 82% gross margin and 36% operating margin
ENGLEWOOD, Colo., Aug. 2, 2018 /PRNewswire/ — Zynex, Inc. (OTCQB: ZYXI), an innovative medical technology company specializing in the manufacture and sale of non-invasive medical devices for pain management, stroke rehabilitation, cardiac monitoring and neurological diagnostics, today reported financial results for its second quarter ended June 30, 2018.
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- GrowLife, Inc. Reports Over 131% Year-Over-Year Revenue Growth in Second Quarter 2018 Financial Results and Operational Ramp-Up Highlights
KIRKLAND, Wash., Aug. 02, 2018 (GLOBE NEWSWIRE) — GrowLife, Inc. (OTCQB: PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced financial results for the quarter ending June 30, 2018, and provided an overview of recent operational highlights. The company experienced escalated growth over last year, showing a 131.7% increase in revenue over the same quarter last year. For the six-month period ending June 30, 2018, the company experienced revenue growth of over 90% over the same period last year and a gross profit increase of 71%. Other highlights include that current liabilities were decreased by approximately 5%.
- Freddie Mac Prices $251 Million Multifamily K-Deal, K-J20
MCLEAN, Va., Aug. 02, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB:FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates) that are backed by underlying collateral consisting of supplemental multifamily mortgages. The company expects to issue approximately $251 million in K Certificates (K-J20 Certificates), which are expected to settle on or about August 10, 2018.
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