Welcome to our dedicated page for WaveDancer news (Ticker: WAVD), a resource for investors and traders seeking the latest updates and insights on WaveDancer stock.
WaveDancer, Inc. (NASDAQ: WAVD) is a leading provider of zero trust software solutions, specializing in secure supply chain management and cutting-edge IT network security. Formerly known as Information Analysis Inc., WaveDancer plays a pivotal role in developing and maintaining advanced information technology systems. The company excels in modernizing client information systems and offers a wide range of professional services to both government and commercial organizations.
WaveDancer operates through two primary segments: The Tellenger Segment and The Blockchain SCM Segment. The Tellenger Segment focuses on providing essential professional services to government agencies, including legacy software migration and modernization. This segment also develops web-based and mobile solutions, creates dynamic electronic forms, and offers data analytics services.
The Blockchain SCM Segment is an early-stage business that aims to revolutionize supply chain management through its innovative SaaS platform built on blockchain technology. This segment is dedicated to developing, marketing, and selling its advanced supply chain management platform, enhancing security and efficiency for its clients.
Recent noteworthy achievements include a transformative merger, positioning WaveDancer to create a NASDAQ-listed, commercial-stage AI-enabled medical technology company. This merger aims to bring the FDA-cleared Brain Network Analytics platform to the NASDAQ Capital Markets, marking a significant milestone in the company's growth trajectory. Progress towards closing this merger, anticipated in the second quarter of 2024, reflects WaveDancer's commitment to innovation and strategic expansion.
WaveDancer continues to be listed on the Nasdaq Capital Market, reinforcing its reputation as a professional services powerhouse. Investors and interested parties can contact CFO Tim Hannon for further inquiries at investors@wavedancer.com.
WaveDancer, Inc. (NASDAQ: WAVD) has sold its blockchain supply chain management subsidiary, Gray Matters, Inc. (GMI), to Gray Matters Data Corporation (GMDC), backed by StealthPoint, LLC. The transaction includes a $3 million cash investment in GMDC and annual contingent payments of up to $4 million over seven years. WaveDancer retains a 20% interest in GMI and will benefit from over $2 million in eliminated operating expenses. The company plans to explore strategic options, including potential mergers or sales, following the cash infusion. CEO Jamie Benoit noted challenges faced with GMI's product and capital raising efforts as key factors in the decision.
WaveDancer (NASDAQ: WAVD) announced nearly $500k in revenue from a U.S. government contract implementing its blockchain-enabled supply chain management platform. This technology enhances security, visibility, and auditability throughout the supply chain. CEO Jamie Benoit emphasized the importance of an easy-to-use interface that leverages blockchain transparency. The platform includes smart contracts and AI insights for complex supply chain challenges. Moreover, WaveDancer's solutions are available on AWS Marketplace for GovCloud.
WaveDancer (NASDAQ: WAVD) announced a multi-year agreement that is expected to generate over $500,000 in subscription revenue for its Maverix Blockchain platform. The new customer operates a complex global supply chain and chose Maverix for its advanced capabilities in tracking and managing high-value products securely. Randy Boone, Chief Revenue Officer, highlighted the software's unique features in offering enhanced traceability and transparency compared to traditional ERP systems. The company's platform operates on Amazon Web Services (AWS) Marketplace for GovCloud.
WaveDancer (NASDAQ: WAVD) has launched a new website showcasing its Maverix platform, a blockchain-enabled supply chain management solution. The platform aims to enhance supply chain visibility, security, and trust by providing a modular, extensible structure built on Hyperledger Fabric. Maverix offers various features including predictive analytics and encrypted communications. The system was originally developed for a US Intelligence agency, demonstrating its reliability and effectiveness in complex supply chains. Investors should note potential risks associated with forward-looking statements in the release.
WaveDancer (NASDAQ: WAVD) will host a LinkedIn Live webinar on November 30, 2022, at 1 PM EST, focusing on the value of blockchain in supply chain management. Led by Gracie Carter, WaveDancer's head of product, the session aims to highlight the benefits of incorporating blockchain into supply chain processes, providing enhanced transparency, security, and trust. The webinar will cover how WaveDancer's MaverixTM solution integrates with existing systems for improved track & trace capabilities. Registration is available on the company's LinkedIn page.
FAQ
What is the current stock price of WaveDancer (WAVD)?
What is the market cap of WaveDancer (WAVD)?
What does WaveDancer, Inc. specialize in?
What are the main segments of WaveDancer?
What recent achievements has WaveDancer made?
When is the expected closing date for the WaveDancer/Firefly merger?
Who can investors contact for more information?
What services does the Tellenger Segment offer?
What technology does the Blockchain SCM Segment utilize?
What is the focus of the new AI-enabled company formed by the merger?
Where is WaveDancer listed?