Welcome to our dedicated page for DPW news (Ticker: DPW), a resource for investors and traders seeking the latest updates and insights on DPW stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DPW's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of DPW's position in the market.
Ault Global Holdings, Inc. (NYSE American: DPW) will hold a conference call on May 24, 2021, at 2:00 p.m. (PDT) to discuss its Q1 2021 financial results. Executive Chairman Milton “Todd” Ault, III, CEO William Horne, and CFO Kenneth Cragun will present the Company's financial performance and outlook. A Q&A session may follow, addressing questions received prior to the call. Interested parties must register via the provided link before the start time.
Ault Global Holdings (NYSE American: DPW) reports remarkable preliminary financial results for Q1 2021, with revenues reaching approximately $13 million, a 132% increase from $5.6 million in the same quarter last year. The company achieved a net income of around $1.5 million, marking its first quarterly profit under current management. Revenue streams included approximately $5 million from lending activities and $130,000 from cryptocurrency mining. Ault Global's strong balance sheet and strategic investments position it favorably for future growth.
Ault Global Holdings, Inc. (DPW) reported its Q4 and year-end 2020 financial results. Notable highlights include Q4 revenue of $7.2 million, up 14.8% year-over-year, and a gross profit of $1.9 million, marking a significant gain of 374.9% compared to the previous year. Despite a net loss of $10.4 million for Q4, continuing operations losses decreased to $709,361 from $8.9 million in Q4 2019. For the year, revenue grew 6.7% to $23.9 million, while gross profit increased by 145.6%. The company also improved its working capital position significantly, ending 2020 with $12.5 million positive working capital.
Ault Global Holdings (NYSE American: DPW) will host a conference call on April 15, 2021, at 3:00 p.m. PDT to discuss its financial results for the fourth quarter and year-end of December 31, 2020. The call will feature Executive Chairman Milton “Todd” Ault, III, CEO William Horne, and CFO Kenneth Cragun, addressing financial performance, outlook, and other key topics. Shareholders and investors can register for the webcast until 2:00 p.m. PDT on the same day.
Ault Global Holdings (NYSE American: DPW) announced that its subsidiary, Coolisys Technologies, secured a $10.5 million order for 30,000 residential EV charging systems. This purchase comes with a three-year resale agreement with iNetSupply.com, targeting an additional $1.5 million in accessory sales. The 7kW chargers will be available on multiple major e-commerce platforms. Leaders from both companies expressed optimism about the EV market and the potential for growth in their partnership.
Ault Global Holdings, Inc. (NYSE American: DPW) announced that its subsidiary, Digital Power Lending, LLC (DPL), will invest $10 million in Alzamend Neuro, Inc. The initial funding of $4 million is set to occur upon signing the agreement, with the rest contingent on Alzamend achieving FDA milestones for its clinical trial for AL001, a lithium-based therapy aimed at Alzheimer’s treatment. The agreement, approved by independent directors, includes the purchase of shares at $1.50 each and warrants at an exercise price of $3.00 per share.
Ault Global Holdings, Inc. (NYSE American: DPW) announced a $3.0 million purchase order for its subsidiary Enertec Systems 2001, Ltd. from a prominent defense and aerospace client. Enertec specializes in advanced multi-purpose electronic systems for harsh environments, with over 30 years of experience. This latest order follows previous contracts worth $2.9 million in 2019 and $2.0 million in 2020. Enertec anticipates recognition of this revenue over the next year, with potential orders exceeding $10 million annually from the client.
Ault Global Holdings, Inc. (NYSE American: DPW) has amended its "at-the-market" equity offering program, now allowing for up to $200 million in gross proceeds, including a previously authorized $125 million. The offerings will be facilitated by Ascendiant Capital Markets, LLC, with sales conducted at prevailing market prices. Funds raised will support potential acquisitions, electric vehicle charger and energy storage development, data center expansion, and general corporate needs. No specific acquisitions are currently lined up, and the offering is registered under an effective shelf registration statement.
Ault Global Holdings (NYSE American: DPW) has resumed bitcoin mining through its subsidiary, Ault Alliance, at a 617,000 square foot facility in Michigan. The company is also initiating a 30,000 square foot data center buildout, aiming to enhance its bitcoin mining operations by the end of the second quarter of 2021. The Michigan site features a significant 300MW power capacity secured under a favorable energy pricing agreement. CEO Milton Ault highlighted the strengthened balance sheet and controlled energy costs as key factors for future success.
Ault Global Holdings, Inc. (NYSE American: DPW) has acquired a 9.9% equity interest in SunLink Health Systems, Inc. (NYSE American: SSY) by purchasing 683,032 shares at a total cost of $1,435,777. An additional 6,000 shares were bought, raising the stake to 9.99%. The company aims to enhance shareholder value through this activist strategy, as stated by Executive Chairman Milton Ault, III. SSY operates healthcare services and pharmacy segments, including a community hospital and pharmacy services in the southeastern U.S.
