₦airaland Forum

For those of us that invest in AI companies pls read BIden executive order prohibiting Americans from investing in Chinese's AI companies

Is good to always buy stocks at a very strong support Ievel if they fall to that side and they find it difficult to go down further they will bounce back

IyaTola:
Welcome!!

Bro anything new? Absolutely nothing is new ooo have been in this game for long though local so nothing new guy! In the long run US stocks still the best if you know what you u are doing as at yesterday 915/1$

sgtponzihater1:
Nice one. Losses are not bad things. They help us reduce our pride. For long term investors it's a chance to buy stocks cheap.
Enjoy the ride

Absolutely! But we no get money again oo

For those holding RBT if u don't have liver to hold pls bail out, the stock is a long term stuffs to me. It went lost 22% at the opening now closing up.

henrimoto:
CGC earnings report will be released at the close of Market today.

@Aremso, will TSHA still release their earnings report tommorow ( 10/08/23) ?

They suppose release at the stated time.

Premarket

RBT down 4%
CGC up 8.8%

Today is earnings for CGC

Rutherford2019:
I can't access my Bamboo account
Is there anyone who can help

Zero Eight zero seven six one five four three zero. That is their support contact

Second Quarter 2023 Financial Highlights

Revenue was approximately $174.6 million, an increase of $10.0 million or 6.0% compared to $164.6 million in the second quarter of 2022.

Gross profit was $11.8 million, an increase of $6.3 million or 116.1% compared to $5.5 million in the second quarter of 2022.

Adjusted Gross Profit was approximately $17.9 million, an increase of $5.3 million or 41.4% compared to $12.7 million in the second quarter of 2022.

Gross Profit Margin was 6.8%, an increase of 340 bps compared to 3.3% in the second quarter of 2022.

Adjusted Gross Profit Margin was 10.3%, an increase of 260 bps compared to 7.7% in the second quarter of 2022.

Net loss was $(22. million, an improvement of $5.0 million compared to $(27. million in the second quarter of 2022.

Adjusted EBITDA was a negative $(9.7) million, an improvement of $9.2 million compared to $(18.9) million in the second quarter of 2022.

Operational and Business Highlights

Rubicon announced a new, 3-year partnership with Denver, Colorado in June. RUBICONSmartCity™ technology is now powering the City and County of Denver’s entire solid waste and recycling fleet of more than 150 vehicles, digitizing operations and enabling greater efficiency.

The Company also announced that RUBICONSmartCity has been successfully deployed in more than 100 cities, including eight of the top 20 U.S. cities by population. This milestone was achieved in just 6 years, with city adoption doubling year-over-year over the last few years.

RUBICONConnect™ continues to expand with the addition of, among others, True Food Kitchen and Artisent Floors to the platform. Both companies will experience the full benefits of Rubicon’s digital platform for scalable waste and recycling services which supports their efforts to reduce environmental impact while providing exceptional value and service to their own customers.

The Company also secured some notable customer renewals, including a new 5-year extension with Gap, Inc. RUBICONConnect has been deployed at more than 2,000 Gap retail stores across the United States and Canada, including at all of Gap’s lifestyle brands and Gap Outlet and Banana Republic Factory locations. Additionally, Goodyear Tires renewed their contract with Rubicon for a further two years. RUBICONConnect is deployed at more than 800 Goodyear retail and commercial locations across the United States.

"We are excited to announce our second quarter 2023 results, which include a second consecutive quarter of record Adjusted Gross Profit. This outstanding performance is the result of our team’s diligent execution of our Bridge to Profitability plan, and I am pleased to report that we remain on target to achieve positive Adjusted EBITDA for the fourth quarter of this year," said Phil Rodoni, Chief Executive Officer of Rubicon. "With a solid foundation in place, we are now focused on growth and driving even greater results for the Company and our valued customers."

Second Quarter Review

Total Revenue in the second quarter of 2023 was approximately $174.6 million, an increase of $10.0 million or 6.0%, compared to the second quarter of 2022. This growth was driven primarily by strength in the RUBICONConnect business, as well as continued growth of the SaaS business.

Gross profit for the second quarter of 2023 was $11.8 million, an increase of $6.3 million or 116.1% compared to $5.5 million in the second quarter of 2022. The growth in gross profit was supported by an increase in the RUBICONConnect business and growth of the SaaS business.

Adjusted Gross Profit in the second quarter of 2023 was approximately $17.9 million, an increase of $5.3 million or 41.4% compared to the second quarter of 2022. The increase in Adjusted Gross Profit was primarily due to positive impacts from actions taken to enhance margins in the RUBICONConnect business and growth in SaaS products.

Net Loss in the second quarter of 2023 was $(22. million, an improvement of $5.0 million compared to a Net Loss of $(27. million in the second quarter of 2022.

Adjusted EBITDA for the second quarter of 2023 was negative $(9.7) million, an improvement of approximately $9.2 million or a reduction of approximately half of the loss of $(18.9) million in the second quarter of 2022




To me this is an improve results and I don't expect the stock to go blow 1$ this should sell between 5-15$ in the near future. The management is well focused and that shows why insiders have been buying. When the results were released, it surged to 19% post trade before finally going down. The other results for the yr will be positive I believe.


Your DD!

sgtponzihater1:
Red today. Tomorrow we try again.

Yes Bro no retreat no surrender, we shall surely win by God grace. It was downgrade of US blanking system that is part of today's red everywhere!

Is like RBT earnings expo is out surging 16% post trading. Hold tight.




Your DD!

Everywhere red oo except TILray and small from CGC

This RBT might likely go the way of DHC. After -12% loss back to green now

henrimoto:
[/b] ...Which company acquired the stake..?

CGC... I don't know how their tommorow report go be and na at the end of the trading day, them wan give report.

TILray acquired the company, I pray CGC revenue goes higher enough Just like TILray. I don't expect profit

henrimoto:
@Aremso, how can I use SL on Bamboo. ?

I don't think there is provision for that oo

henrimoto:
TLRY is up with 20†% ,they are in the News, they bought over one other company like that.

That is the news pushing it. I don't just like CGC movement and is the 3rd in the canabis industry since they dumped it from 0.65 has been misbehaving. Just confirmed now they acquired stake the largest brewery company in Germany

henrimoto:
Oga Aremso, RBT. earnings report is coming out today. Abeg, you don get any "expo" concerning the report ? You, na senior insider board member you be for this stuff. 😆 😆

IMCC . just announce their own earning report will be out on the 14th, August, 2023. @Aremso, how you view this IMCC ?

IMCC will fly the OS is OK with their revenue, for RBT insiders have been buying may be they have seen what may likely come out.. Na pray u dey pray for me oo one day I will be. I never see any expo oo

Premarket indexies are in red, interesting hrs ahead

For those holding RBT I want to share an experience here. On the 28th of June this year was when I decided fully to go in for US stocks even though I bought NAT around 2022 ending still not up to the intrest I have now. So I researched mainly on small cap/penny stocks so I can get the volume I want so one of such stocks is DHC, as at the time I came across the stock it has done 0.60$ 52weeks low and was going to 1$ so in 2 weeks or there abouts DHC was pumped to 3$ I was till watching and after a day or 2 they start to dump and they dumped to 0.98-1.70
Then DHC now started the normal stock movement of up and down not pumping this time and it hit 3$ back yesterday. Same will happen to RBT. It has done 300% before pulling back and It might go the way of DHC.

RBT might do 1000% with time insiders have been buying


Your DD!

ObodoNaija:
You mean CGC?

Yea CGC

Avoid any company with large OS and no meaningful revenue, e.g MULN

henrimoto:
There is another RESERVE SPLIT that is about to occur (1 to 2) , ( 1 to 100 )...it was just reached after there last shareholders meetings on AUGUST 3. but they are yet to Announce it publicly.

Pls. Oga Aremso, give your opinion on this their lastest reserve split, if one wants to gamble on the stock, should it be after the RS or before the RS ?

I need to know their current OS so I will calculate what will be the OS after 1:2 and 1:100

RBT + 16% premarket
CGG+2%
Fixx+1%
Freq +2%

Let see how it will end

henrimoto:
...hmnn. Abeg, RS ? , M & A ?, but with the current price, do you think it has bottom down ?
Na really Gambling to get there stock now but they still have till September 5. to comply to Nasdaq price listing requirement i.e minimum price listing above $1 for 10 consecutive days.

What do you think ?

RS= reverse split but in Nigeria we call it share reconstruction meaning they shrink some volume of the shares.

M &A= merger and acquisition

They have done RS and my friend share turned 70units from 1k and even wt that they are still dumping. If u have few useless Dollars u can bet the MULN game

WKHS has done 0.70$ 52weeks low now 1.19 could be great at pull back
FREQ has done 40% from my entry but am waiting for pull back to get small units again



your DD!

henrimoto:
Oga Aremso, Check this stock MULN. ( before market open today)

My friends have told me to look into it and some of them have made HUGE losses in it. It doesn't fit in for me yet, huge OS wit no revenue to back it up, the CEO or the founder not a serious guy even after the RS dumping still continues. People have lost trust in that guy so any little rise they dump. He should opt for M &A. The company not serious yet buying the share to me is a pure gambling

sgtponzihater1:
I was celebrating too early. I collect today again. We try on Monday.

My stocks are heavy weight. Tesla, Meta, Google, etc . So I believe these are temporary

Sure bro we would surely win, am not doing heavy weight yet but I will surely by God grace. My portfolio cry blood today I just dey pity am. After RBT collect enough trashing closed at -39% they began to push it after official hrs to+15% again. We continue on Monday by God grace

For those holding RBT and HLTH follow your investment plan oooo u are the manager of your portfolio.

sgtponzihater1:
Spot on boss. We are up today

My RBT and HLTH received the thorough beaten of their life. HLTH got beaten to -17% but recovering gradually. For RBT any attempt to recover received stiff resistance!

US economy added 180k+ jobs in the month of July this should have +ve effects on the market.

Portfolio should be green today, premarket indexes are greenish!

This stock surged 20% during trading yesterday but closed at 6% so I dig deep to know what was the cause and I discovered that they were awarded $28m contract by the Federal on health related issues.

HLTH.

Your DD!