Sportsman's Warehouse appoints Sherry Jane Love as SVP, merchandising » 09:3005/2705/27/22
Sportsman's Warehouse announced the appointment of Sherry Jane Love as their new Senior Vice President of Merchandising. She will be responsible for leading the company's omni-channel merchandising efforts and private brand development. Previously, she owned and operated her own retail consulting practice.
Wrap receives purchase order for Wrap Reality » 08:5505/2305/23/22
Wrap Technologies announced that it has received a purchase order for Wrap Reality, the Company's fully immersive, virtual reality training simulation system from a County Sheriff's Office in Kentucky. The initial demonstration of the Wrap Reality virtual reality training system took place in March of 2022 and highlighted the benefits of realistic roleplaying scenarios through the company's immersive simulator, enabling officers to implement de-escalation tactics to practice successfully ending situations without injury. The software subscription contract is multi-year and has a duration of five years.
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VirTra receives notice of non-compliance from Nasdaq » 08:1105/1905/19/22
VirTra received a written…
VirTra received a written notice from The Nasdaq Stock Market on May 17, 2022, stating that because VirTra has not yet filed its Form 10-Q for the quarter ended March 31, 2022, it is no longer in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. This notification has no immediate effect on the listing of VirTra's shares on Nasdaq. However, if VirTra fails to timely regain compliance with Nasdaq Listing Rule 5250(c)(1), its common stock will be subject to delisting from Nasdaq. Under Nasdaq rules, VirTra has 60 calendar days to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rules. If Nasdaq accepts the plan, then Nasdaq may grant VirTra up to 180 days from the prescribed due date for filing the Form 10-Q to regain compliance. If Nasdaq does not accept the plan, then VirTra will have the opportunity to appeal that decision to a Nasdaq hearings panel.
Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations » 09:3105/1705/17/22
AMD, SHAK, TAP, HEAR, HLF, JBHT, CEO, NRDY, SSYS, MAXR, TSLA, WDAY, STLA, LTHM, SPWH
Sportsman's Warehouse initiated with a Buy at B. Riley » 07:3805/1705/17/22
B. Riley analyst Eric…
B. Riley analyst Eric Wold initiated coverage of Sportsman's Warehouse with a Buy rating and $14 price target. Coming out of the pandemic that drove a significant increase in outdoor activity and shooting sports participation, Sportsman's is well positioned to take market share over the coming years as those participants continue these activities and return for additional purchases, Wold tells investors in a research note. The analyst finds the shares attractive at current levels given the improved industry demand environment.
Sportsman's Warehouse appoints Sruti Patnaik as chief information officer » 16:3905/1605/16/22
Sportsman's Warehouse (SPWH) announced the appointment of Sruti Patnaik as their new chief information officer. She will be responsible for leading the company's Information Technology efforts and further building out it's omni-channel capabilities. Patnaik brings more than 20 years of retail experience as a senior executive with Ross Stores (ROST). Most recently, she was a senior VP and IT executive over supply chain, stores, corporate applications and QA services.
Omniq reports Q1 EPS (34c), consensus (25c) » 16:1905/1605/16/22
Reports Q1 revenue…
Reports Q1 revenue $26.3M, consensus $24.93M. Cash balance at March 31 was $6.9M compared to $7.1M on December 31, 2021.
Omniq announces award of $4M project from major T&L company » 08:5205/1605/16/22
OMNIQ announced that it…
OMNIQ announced that it received an approx. $4M dollar project from a major transport and logistics, T&L, Company, first delivery for $1.2 M is expected to be supplied immediately and the balance of $2.8M during Q2 and Q3 of 2022. omniQ will supply Android-based rugged data collection, computing and communication equipment to the customer's various locations across the United States. The 3PL customer has annual revenue of over $10 billion and more than 10,000 employees. The multi-deploy agreement is valued at approximately $4 million. Shai Lustgarten CEO stated: "Once again we are privileged to enjoy the trust and loyalty of one of the largest T&L companies in the world positioning us as experts in providing Supply Chain solutions. This customer joins leading supermarket and retail chains, large Health care suppliers, Cities, Governments, security agencies and other demanding customers that rely on our solutions using state of the art technologies, proprietary AI based solutions, successfully serving multiple verticals".
Cadre raises FY22 revenue view to $444M-$452M from $434M-$441M » 16:2105/1205/12/22
Consensus $436.75M. Raises FY22 adjusted EBITDA view to $72.5M-$77.5M from $70M-$75M.
Cadre Holdings reports Q1 EPS (30c), consensus 20c » 16:2005/1205/12/22
Reports Q1 revenue…
Reports Q1 revenue $104.4M, consensus $102.17M. "Following a year of record net sales and adjusted EBITDA, we continue to capitalize on attractive long-term tailwinds and recurring demand drivers in our entrenched mission-critical first responder markets," said Warren Kanders, CEO and Chairman. "During the quarter, we achieved pricing growth that significantly exceeded our target, generated strong adjusted EBITDA conversion, and increased our backlog substantially. In the second half of the year, we expect a more favorable product portfolio mix and based on our success executing strategic objectives focused on accelerating growth we have increased our full year 2022 outlook."