August 19, 2024
 
 

Small Stocks, Big Money™

Weekly Newsletter
REDCHIP.COM
 
 
SolarMax Technology Expands US Footprint with New Commercial Solar Project in California
 
SolarMax Technology (Nasdaq: SMXT) is set to boost its U.S. commercial solar development footprint and has signed a non-binding term sheet for a significant new solar project at a major mall in San Jose, California. The project includes a 4.17 MW photovoltaic solar power plant and a 2.0 MW energy storage system, alongside a full roof replacement for the mall. This strategic move aligns with SolarMax's growth plans to solidify its position in the burgeoning U.S. commercial solar market, leveraging its expertise in large-scale solar developments to drive accelerate expansion.
 
 
 
 
 
 
 
 
RanMarine Launches the MegaShark to Address $20 Billion Market Opportunity for Waterway Clean-Up
 
RanMarine Technology has unveiled its new MegaShark, a mid-sized autonomous surface vessel (ASV) designed to revolutionize waterway clean-up efforts. The electric-powered MegaShark, offering over five times the capacity of its predecessor, is engineered to efficiently remove floating waste, algae, and biomass from various aquatic environments. With versatile operation modes and advanced autonomous navigation, the MegaShark addresses a global $20 billion market opportunity. As RanMarine prepares for a near-term IPO, this launch underscores its commitment to delivering sustainable, cutting-edge solutions that enhance waterway health and environmental impact.
 
 
 
 
 
 
 
GreenPower Motor to Deliver Five BEAST All-Electric School Buses to California Districts
 
GreenPower Motor (Nasdaq: GP) is set to deliver five of its Type D BEAST all-electric, zero-emission school buses to two California school districts this week. Four buses will be delivered to Cutler-Orosi Joint Unified School District and one to Terra Bella Union Elementary School District. GreenPower's purpose-built BEAST models, known for their safety and sustainability, are a top choice for districts aiming to leverage state incentives. With additional deliveries planned in California and Oregon, GreenPower continues to lead in the transition to clean school transportation.
 
 
 
 
 
 
 
 
 
 
Zomedica Reports Q2 2024 Financials: $6.1M Revenue, 71% Gross Margin, and $83M Liquidity
 
Zomedica Corp. (NYSE American: ZOM) posted solid Q2 2024 financials with $6.1 million in revenue, a 2% year-over-year increase driven by a 68% growth in diagnostics segment sales, notably for its TRUFORMA® and VETGuardian® products. The company achieved a strong 71% gross margin, up from 67% last year, reflecting efficiency gains. Zomedica ended the quarter with $83 million in liquidity, positioning it well to support ongoing growth initiatives, including international expansion and new product launches. Despite a net loss due to non-cash impairment charges, Zomedica's recurring revenue base remains robust, with consumables making up 72% of sales.
 
 
 
 
 
 
 
bioAffinity Technologies Reports $2.4M Q2 Revenue Fueled by Growing CyPath® Lung Sales
 
bioAffinity Technologies (Nasdaq: BIAF) generated $2.4 million in Q2 2024 revenue, driven by a 217% quarter-over-quarter increase in CyPath® Lung test sales. The company's lung cancer diagnostic test is gaining traction, now reaching physicians in eight states beyond its initial Texas market. This surge prompted an 85% upward revision in the full-year CyPath® Lung sales forecast. As bioAffinity continues to expand its reach and bolster its operations, the company remains well-positioned to capture a significant share of the U.S. lung cancer diagnostics market, projected to hit $4.7 billion by 2030.
 
 
 
 
 
 
 
Recent Research Coverage Updates
 
Company Rating Price Target Firm Report Date
GreenPower Motor (Nasdaq: GP) Buy $5 Maxim July 2, 2024
GreenPower Motor (Nasdaq: GP) Hold n/a BTIG July 1, 2024
GreenPower Motor (Nasdaq: GP) Buy $3 Roth April 1, 2024
BioVie (Nasdaq: BIVI) Buy $3 ThinkEquity July 1, 2024
Calidi Biotherapeutics (NYSE American: CLDI) Buy $1 Ladenburg Thalman June 27, 2024
Calidi Biotherapeutics (NYSE American: CLDI) Buy $1 Rodman & Renshaw June 27, 2024
Calidi Biotherapeutics (NYSE American: CLDI) Buy $2 RW Baird May 14, 2024
Unusual Machines (NYSE American: UMAC) Buy n/a ThinkEquity June 17, 2024
Soligenix (Nasdaq: SNGX) n/a $4.15 Zacks Research June 14, 2024
Enlivex Therapeutics (Nasdaq: ENLV) Buy $6 HC Wainwright June 11, 2024
Sixty Degrees Pharma (Nasdaq: SXTP) Hold n/a HC Wainwright June 6, 2024
Sixty Degrees Pharma (Nasdaq: SXTP) Buy n/a Ascendiant May 21, 2024
American Resources (Nasdaq: AREC) Buy n/a HC Wainwright June 3, 2024
 
 
 
 
Small Stocks, Big Money™ Podcast
 
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Upcoming Events
 
 
20
 
 
Aug 2024
 
NASDAQ: ASPI - ASP Isotopes
4:15pm Eastern
 
ASP Isotopes Inc is a pre-commercial stage advanced materials company dedicated to the development of technology and processes that, if successful, will allow for the production of isotopes that may be used in several industries.
 
 
 
 
 
 
 
21
 
 
Aug 2024
 
NASDAQ: GP - GreenPower Motor Company
4:15pm Eastern
 
GreenPower Motor Company is advancing the adoption of electric vehicles (EVs) by making all-electric buses and trucks affordable, durable and easy to deploy.
 
 
 
 
 
 
 
22
 
 
Aug 2024
 
NYSE American: CLDI - Calidi Biotherapeutics
4:15pm Eastern
 
Calidi Biotherapeutics is a clinical-stage immuno-oncology company with proprietary technology designed to arm the immune system to fight cancer.
 
 
 
 
 
 
 
Archived Events
 
 
15
 
 
Aug 2024
 
NASDAQ: GENE - Genetic Technologies Limited
4:15pm Eastern
 
Genetic Technologies Limited is a diversified molecular diagnostics company developing tools for the prediction and assessment of chronic disease risk to help physicians proactively manage patient health.
 
 
 
 
 
 
 
14
 
 
Aug 2024
 
NASDAQ: NXL - Nexalin Technology
4:15pm Eastern
 
Nexalin Technology Inc designs and develops innovative neurostimulation products to uniquely and effectively help combat the ongoing global mental health epidemic.
 
 
 
 
 
 
 
13
 
 
Aug 2024
 
NASDAQ: MOB - Mobilicom
4:15pm Eastern
 
Mobilicom provides cybersecurity and robust solutions for drones and robotics. The Company is positioned to capture market leadership as the top end-to-end provider of hardware and software solutions in the rapidly growing defense and commercial drone and robotics market, a total addressable market expected to reach $8.5 billion by 2026.
 
 
 
 
 
 
Quote of the Week
 
"Invest in something you can get your arms around and be very conservative, own enough stock so that you are not putting all your eggs in one basket."
— Dave Maley, Manager Ariel Discovery Fund
 
 
RedChip TV
 
 
 
 
RedChip TV Highlights American Resources Corp. (NASDAQ: AREC) & Soligenix Biopharma (NASDAQ: SNGX)
 
 
 
 
 
 
 
Order "Small Stocks, Big Money™ Today!
 
Dave Gentry's new book, Small Stocks, Big Money: Interviews With Microcap Superstars, is now available for pre-order. Published by Wiley Finance, this first-hand perspective and insider information on the fast world of microcap investing is now available for purchase.
 
 
 
 
 
 
 
Lesson of the Week
 
Learn the basics of financial reporting requirements in this week’s lesson.
 
 
 
 
 
 
 
MidSouth Week in Review
 
Mortgage rates hit the lowest level in more than a year. Gold made a new high at $2542.