WiMi Hologram Cloud Inc. Stock Price, News & Analysis

WiMi Hologram Cloud (Nasdaq: WIMI) announced the successful acquisition of a trademark registration from the United States Patent and Trademark Office for its WiMi Hologram Softlight brand. This trademark aids in enhancing the company's intellectual property protection and strengthens its competitive position in the AR sector. CEO Shuo Shi stated that this move will bolster brand awareness internationally and safeguard against trademark infringements. WiMi reported significant financial growth, with a 202.2% increase in global operating revenue and a 40.3% rise in net profit for the first half of 2021.

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) has been included in the ProShares Metaverse ETF (VERS), a fund designed to offer investors exposure to key companies shaping the metaverse. Tracking the Solactive Metaverse Theme Index, VERS encompasses 40 companies across various sectors such as device manufacturing and gaming. WiMi's CEO, Shuo Shi, expressed pride in this inclusion, highlighting the company's competitive advantage in the holographic AR industry and its intention to capitalize on growth opportunities within the metaverse.

WiMi Hologram Cloud (NASDAQ: WIMI) announced that Evaluate Research has started coverage with a Buy rating and a price target of US$7.00 per share. Analysts Sandy Mehta and Ketan Chaphalkar authored the report, available for review at Evaluate Research's website. While WiMi acknowledges the initiation of coverage, it clarifies that the views and forecasts presented are those of Evaluate Research and do not reflect the Company's opinions. WiMi specializes in holographic AR technology and services across various professional applications, having launched operations in 2015.

WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced its HoloAR Lens has received approval from the Federal Communications Commission to enter the U.S. market. This augmented reality (AR) headset features unique capabilities such as a 63-degree visual angle and a 1920x1080p display. In the first half of 2021, WiMi reported a 202.2% increase in global operating revenue and a 189.8% growth in gross profit. The company emphasizes its commitment to R&D with a 463.6% rise in R&D expenses to maintain competitiveness in the expanding Metaverse.

WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced the launch of its new VR headset, the WiMi HoloVR, aimed at enhancing user experiences in the Metaverse. This innovative device features dual-camera technology for a 105-degree field of view, gesture recognition, and a Snapdragon XR2 processor. The HoloVR boasts a 4K display resolution and supports multiple applications, including gaming and virtual social interactions. In the first half of 2021, WiMi reported significant growth with a 202.2% increase in operating revenue and a 40.3% rise in net profit, reflecting its commitment to R&D in AR and VR technologies.

On November 17, 2021, WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced its investment in BlueCloud Industrial Interconnection Technology to develop a virtual digital platform for smart sports. This partnership aims to advance innovative research and integrate intelligent manufacturing technologies. WiMi reported substantial growth in 2021, with a 202.2% rise in revenue and a 40.3% increase in net profit year-on-year. The company's R&D expenses surged by 463.6%, emphasizing its commitment to maintaining a competitive edge in the Metaverse and holographic AR industries.

WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced that its 3D holographic pulsed lidar product, the WiMi HoloPulse LiDAR, received approval from the Federal Communications Commission to enter the U.S. market. This multi-function sensor can detect objects over 200 meters away and generate high-resolution 3D holograms. The company reported a significant revenue increase of 202.2% year-on-year in the first half of 2021, alongside a gross profit rise of 189.8% and net profit growth of 40.3%. WiMi plans to expand its product offerings and market share, leveraging its R&D investment in the burgeoning Metaverse market.

WiMi Hologram Cloud (Nasdaq: WIMI) announced the submission of a trademark application for "WIMI METAVERSE" to enhance its intellectual property and strengthen its competitive edge in the growing Metaverse industry. The trademark covers various categories, including advertising, education, and entertainment. The company possesses extensive holographic IP rights and has developed products like the WiMi Hologram SoftLight and WiMi HoloAR Lens. In H1 2021, WiMi reported a 202.2% revenue increase, with R&D expenses rising 463.6% to maintain its market leadership.

WiMi Hologram Cloud Inc. (Nasdaq: WIMI) reported impressive financial results for the six months ended June 30, 2021. Total revenue surged by 202.2% to RMB516.2 million (US $79.9 million), while gross profit rose 189.8% to RMB153.1 million (US $23.7 million). Net income also increased by 40.3% to RMB32.1 million (US $5 million). Notably, R&D expenses spiked 463.6% to RMB86.1 million (US $13.3 million), reflecting significant investment in technology development. The company anticipates continued strong growth driven by demand in the holographic AR market.