Major Earnings and Financial Announcements
CME Group reported a record average daily volume (ADV) of 26.5 million contracts in 2024, a 9% increase from 2023. Growth spanned all six asset classes, most notably in cryptocurrency trading, which rose by 203% to 117,000 contracts. International ADV also set a record at 7.8M contracts, up 14%. Discover more in their official report.
CytoSorbents (NASDAQ: CTSO) released preliminary results for Q4 and full-year 2024. The company's Q4 product revenue is estimated at $9.0-9.2 million, reflecting a 22-25% increase from last year. Full-year product revenue is expected to hit $35.4-35.6 million, a 14% rise, attributed to a rebound in production. Read more details here.
Strategic Transactions and Market Moves
Nu Skin Enterprises (NYSE: NUS) sold its Mavely affiliate marketing platform to Later for $250 million. This move aligns with Nu Skin's strategy of debt reduction and share repurchases, earning a five-fold return on investment. See the detailed announcement.
YY Group Holding (NASDAQ: YYGH) has announced the acquisition of MediaPlus Venture Group Pte. This strategic move is expected to generate US$20 million in revenue growth over the next three years, optimizing resources and expanding digital marketing services. For more, read the full article.
FEMSA (NYSE: FMX) has successfully completed the divestiture of its plastics solutions operations to AMMI, an affiliate of Milenio Capital, for 3,165 million pesos. This transaction, crucial for FEMSA's strategic refocus, involved cash-free, debt-free considerations. Delve into the details here.
Mergers, Acquisitions, and Leadership Changes
Desktop Metal (NYSE: DM) has secured an expedited trial for its lawsuit against Nano Dimension, indicating ongoing litigation issues involving their merger. This news is pivotal as it affects market perceptions and future merger dynamics. Learn more from the source.
iClick Interactive Asia Group (NASDAQ: ICLK) obtained shareholder approval for its merger with Amber, creating 'Amber International Holding'. This significant strategic shift features a revised share structure. More details can be found in the release.
Cyclacel Pharmaceuticals (NASDAQ: CYCC) has entered into a securities purchase agreement with David Lazar for $3.1 million through convertible preferred stock. This agreement includes significant board changes, with Lazar becoming interim CEO. Further information is available here.
Integral Ad Science (IAS) announced the immediate departure of CFO Tania Secor and appointed Board member Jill Putman as Interim CFO. Putman brings vast experience, ensuring continuity. Explore the transition here.
Product Launches and Technological Developments
Safety Shot (NASDAQ: SHOT) introduced its On-the-Go Powder Stick Packs, an innovation in the wellness sector poised to disrupt a market projected to exceed $2 billion by 2033. Find out more about this development here.
Ondas Holdings' (NASDAQ: ONDS) American Robotics secured an FAA waiver for expanded drone operations, highlighting advancements in the drone industry. These operations are underpinned by their unique Optimus System. For additional information, click here.
Stock Buybacks and Shareholder Returns
MRC Global (NYSE: MRC) announced a $125 million share repurchase program to deliver shareholder value while maintaining operational flexibility. Discover more about the program here.
Energy and Infrastructure Developments
N2OFF (NASDAQ: NITO), in partnership with Solterra Brand Services Italy, signed a binding LOI to develop two 98MWp Battery Storage systems in Sicily. The project aligns with Italy’s MACSE scheme. Enthusiastic investors may read further here.
Financial Expectations and Schedules
Rivian Automotive (NASDAQ: RIVN) reported its production and delivery figures, crucial for assessing its market position. The company plans to release its Q4 2024 financial results on February 20th. Details can be found here.
SoFi Technologies (NASDAQ: SOFI) scheduled a conference call for January 27, 2025, to discuss its Q4 and full-year 2024 financial results. Interested parties can access details and a replay on their Investors page post-call. The session will cover the comprehensive suite of SoFi's financial services. More details here.
BankUnited (NYSE: BKU) has announced it will release its financial results for Q4 and fiscal year 2024 on Wednesday, January 22, 2025, before market opening. A conference call will ensue, offering insights into their financial status. Further details are accessible here.
