Generally Accepted Accounting Principles – Rauen Sales Wed, 22 Sep 2021 14:55:26 +0000 en-US hourly 1 3 Reasons Why Stitch Fix Could Keep Rising Wed, 22 Sep 2021 14:45:00 +0000

Point correction (NASDAQ: SFIX) limped in his fourth quarter earnings report on Tuesday. The stock has fallen nearly 50% since the release of its last earnings report, although there has been no major news on the stock since then.

However, the fourth quarter earnings report gave the bears a check on reality and indicated that underlying activity is still strong. The stock jumped double-digit after-hours as the online styling service saw revenue growth 29% to $ 571.2 million, easily beating both the analyst consensus at 547, $ 9 million and the company’s own forecast at $ 540-550 million.

Best of all, the company also recorded strong results lower in the income statement. It posted a record quarterly gross margin of 46.4%, which it attributed to better-than-expected revenues, better product margins and lower transportation costs. Adjusted EBITDA was $ 55.4 million, a margin of 9.7% and up from $ 11.8 million in the quarter last year. In the end, the company posted generally accepted accounting principles (GAAP) earnings of $ 0.19 per share, which crushed estimates calling for a loss of $ 0.13.

Given these numbers, it’s easy to see why the stock jumped 16% in after-hours trading. But there are several reasons why the stock could continue to climb from here.

Image source: Stitch Fix.

1. Freestyle could be a game-changer

Stitch Fix officially announced Freestyle during the results report, a new shopping experience that allows any customer, even those who have never ordered a Fix before, to purchase an assortment of products based on their profile. style, fit and budget in categories such as casual, work, second-hand and sportswear.

The company has been working towards this goal for over a year, testing what was once known as “direct buy” on existing customers. Freestyle offers a number of benefits for both the business and the customers. It saves customers time shopping by offering them a personalized selection that other apparel retailers can’t match, and it exponentially expands the company’s addressable market from anyone who would order a Fix – the box of five garments which was the company’s main offering. – to virtually anyone who buys clothes, or at least buys online. This should also increase engagement, as the selected selections will change throughout the day as inventory is updated.

Stitch Fix has put together an impressive lineup of Freestyle brands including Madewell, Levi’s, Rag & Bone, Adidas, North Face, Vans and DKNY, among others. If Freestyle proves popular, it could trigger sales growth.

2. Orientation seems strangely weak

While Stitch Fix’s fourth quarter numbers were stellar, its forecast wasn’t that hot. For the current quarter, the company has called for year-over-year revenue growth of 14% to 17% to $ 560 to $ 575 million. Halfway through that would mark a sequential drop in revenue from the fourth quarter. In its history as a publicly traded company, revenue has declined only once in a sequential fashion, and that was during last year’s foreclosure quarter. In addition, his forecast for the full year called for revenue growth of at least 15%, a significant deceleration from 23% in fiscal 2021.

This forecast is surprising given the tailwinds from the launch of Freestyle and the ongoing economic reopening, which has been delayed by the Delta variant.

Historically, Stitch Fix advice has not been overly conservative. But the company just had a new CEO, Elizabeth Spaulding, who took office in early August, and she could offer some cautious advice to avoid over-promising and under-delivering. We won’t know until the company’s next earnings report if this is true, but based on its track record, the macro environment and the launch of Freestyle, it should be able to beat those predictions.

3. It could be primed for another short press

Stitch Fix briefly exceeded $ 110 in January during a short squeeze at the same time as GameStop‘s escape. Today, 20% of the stock’s float is sold short, or 12 million shares, providing plenty of fuel for another pop as the bears buy back shares to close their bets. Based on an average daily trading volume of 1.5 million shares, it would take eight days to cover shorts, another good sign for a short squeeze.

A short squeeze on its own is not a bullish thesis, and it alone is not a reason to own the stock, but dozens of battered consumer stocks have soared this year on short cuts. , designed by marketers on Reddit and other social media forums. Stitch Fix has been very volatile throughout its history, with the share price ranging from $ 25 to $ 113. It’s action on the battlefield, and after months on the losing side, the strong fourth quarter sets the stage for the action to skyrocket.

It will take months to see how Freestyle fares and how the business is performing against its forecast, but the upside potential for the disruptive clothing business is considerable at this point, especially after the stock is over. has fallen by almost half in the past three months for no real reason.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Questioning an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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Is the Tesla Gigafactory coming to Russia? Elon Musk reveals real plans for his next location Tue, 21 Sep 2021 06:08:47 +0000

In recent months, fans have wondered where Elon Musk will build his next Tesla Gigafactory. The curiosity of fans was rekindled when a rumor claimed that “official Russian reports” revealed that a Tesla factory in the town of Korolev was underway. Musk commented on the news directly.

Tesla’s popularity continues to skyrocket in recent months. Earlier this year, Tesla’s second-quarter earnings reached generally accepted accounting principles (GAAP) net income of $ 1.1 billion and delivered 201,304 cars in the process. With its huge success, fans and investors alike are keeping a close watch on its ongoing developments.

To date, Tesla currently has three Gigafactories. Electrek listed them as:

  • Gigafactory 1 – Giga Nevada
  • Gigafactory 2 – Giga New York
  • Gigafactory 3 – Giga Shanghai

Tesla has announced upcoming factories in Berlin and Texas. Both sites innovated and started construction. Unfortunately, no official opening date has been announced.

Gigafactory Tesla in Russia? Response to Elon Musk’s tweets

The first post on Giga Russia came from user @factorymode. The user said: “Russian authorities report that @elonmusk has decided to build the Tesla factory in Russia, in the town of Korolev.” The source article linked to the post redirects users to a Russian site. The user then warned readers that the message had no reliable source.

The idea of ​​the Russian Tesla Gigafactory has won over many people on the Internet. Fans opened up discussions and theories:

Twitter user @ ray4tesla retweeted the post, asking if “Giga Russia (is) coming?” Surprisingly, Elon Musk himself replied that “Tesla has yet to decide on a fourth Gigafactory location.”

The response confused many fans as it undermined Tesla’s proposed plans for the ongoing Gigafactories. Sadly, Musk never clarified his answer and left it up to the fans to interpret.

Also Read: Inspiration4 Mission Updates: Splashdown Video, Elon Musk’s Gift, and President Biden’s Trolling

Updates and developments of the Tesla Gigafactory

It should be noted that Tesla is an American electric vehicle maker and clean energy company. Their services include autonomous products such as electric cars, solar panels and solar tiles. The company is also developing its own battery energy storage for all of the commodities listed above.

Tesla Gigafactories are the leading manufacturers of these lithium-ion batteries, making thousands and millions in a single day with combined outputs.

YouTuber Vision has highlighted some cool features for Tesla’s Gigafactories:

  • Gigafactory operates 24/7, with over 7,000 employees
  • A factory creates about two battery packs per minute, up to 5,000 per week.
  • Gigafactory has some of the best and most advanced technologies
  • Gigafactory is designed to become fully self-sufficient with electricity through solar panels and wind turbines

With its successful business expansion through Tesla vehicles, Tesla Gigafactories is expected to continue to grow.

Associated article: Warning for Elon Musk, Tesla? NASA experiment reveals humans feel more sleepy with self-driving cars

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American Homes 4 Rent: Investor Presentation and Company Update September 2021 Mon, 20 Sep 2021 20:52:05 +0000

Legal disclosures

Forward-looking statements

Various statements contained in this presentation, including those which express a belief, expectation or intention, as well as those which are not statements of historical fact, are forward-looking statements. These forward-looking statements may include projections and estimates regarding the timing and success of our strategies, plans or intentions. Forward-looking statements are usually accompanied by words such as “estimate”, “plan”, “plan”, “believe”, “expect”, “intend”, “anticipate”, “potential”, “plan”, “Goal,” “direction”, “outlook” or other words that reflect the uncertainty of future events or results. Examples of forward-looking statements contained in this presentation include, among others, our 2021 directions, our expectations regarding the impacts of the COVID-19 pandemic, our belief that our home acquisition and construction programs will result in continued growth and the estimated schedule and volume of our development deliveries. We have based these forward-looking statements on our current expectations and assumptions regarding future events. These assumptions include, among others, our projections and expectations regarding: market trends in the single-family rental industry and on the s local markets in which we operate, our ability to institutionalize a historically fragmented business model, our commercial strengths, our ideal tenant profile, the quality and location of our properties in attractive neighborhoods, the scale advantage of our platform and the superiority of our operational infrastructure, the effectiveness of our investment philosophy and our diversified acquisition strategy, our ability to expand our development program, our ability to grow our portfolio and create an opportunity for the flow of cash flow with attractive current yields and rising rents and cost savings and our understanding of our competition and general economic, demographic, regulatory and real estate conditions that may impact our business. While we believe these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control and could cause actual results to differ materially from future results, performance or achievements expressed or implied by such forward-looking statements. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this presentation, September 20, 2021. We assume no obligation to update any forward-looking statements to conform with actual results. or to changes in our expectations. , unless required by applicable law. Currently, one of the most important factors that could cause actual results to differ materially from our forward-looking statements is the negative effect of the COVID-19 pandemic on us, our tenants, the economy and the financial markets. . The extent to which COVID-19 will affect our future financial results will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, including resurgences, news. variants or strains, such as as the Delta variant, the impact of government regulations, vaccine adoption rates, vaccine efficacy, and the direct and indirect economic effects of the pandemic and containment measures, among others. For a more detailed description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as the risks associated with the activities of the

Company in general, see “Risk Factors” disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 , and in subsequent filings with the Securities and Exchange Commission.

Non-GAAP financial measures

This presentation includes certain financial measures that have not been prepared in accordance with US generally accepted accounting principles (GAAP) because we believe they help investors understand our performance. Any non-GAAP financial measures presented are not and should not be considered substitutes for financial measures required by US GAAP and may not be comparable to the calculation of similar measures of other companies. The definitions of these non-GAAP financial measures and a reconciliation of these measures to GAAP are included in the Defined terms and non-GAAP reconciliations section of this presentation, as well as the additional information package for 2Q21 available on our site. Web at

under “For Investors”.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a leader in the rental of single family homes and “American Homes 4 Rent” is a nationally recognized brand for rental homes renowned for its quality, its good value for money and the satisfaction of residents. We are an internally managed Maryland Real Estate Investment Trust, or REIT, focused on the acquisition, development, renovation, rental and operation of attractive single family homes as rental properties. As of June 30, 2021, we owned 54,785 single-family properties in selected submarkets in 22 states.


American Homes 4 Rent Media Relations

American Homes 4 Rent Investor Relations

Phone: (855) 794-2447 / Email:

Phone: (805) 413-5088 / Email:


This is an excerpt from the original content. To continue reading it, access the original document here.

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PARAMOUNT GOLD NEVADA: Discussion and analysis by management of the financial position and operating results. (form 10-K) Fri, 17 Sep 2021 21:33:39 +0000


We are a company engaged in the business of acquiring, exploring and developing
precious metal projects in the United States of America. Paramount owns advanced
stage exploration projects in the states of Nevada and Oregon. We enhance the
value of our projects by implementing exploration and engineering programs that
are likely to expand and upgrade known mineralized material to reserves. The
following discussion updates our outlook and plan of operations for the
foreseeable future. It also analyzes our financial condition and summarizes the
results of our operations for the years ended June 30, 2021 and 2020 and
compares each year's results to the results of the prior year.

Highlights of the operation:

In April 2021, Paramount purchased 152 unpatented lode mining claims ("South
Sleeper Claims") located two miles south of the Company's Sleeper Gold
Project. Paramount paid a total consideration of $365,441 in a combination of
cash and common stock of the Company. The mining claims are subject to a mineral
production royalty based on net smelter returns of 1%. The South Sleeper Claims
are without known mineral reserves.

Also, during the three-month period ended March 31, 2021, Paramount continued to
progress its permitting activities at its Grassy Mountain Project. In addition
to conducting several meetings with the State of Oregon to address comments
Paramount received on its initial Consolidated Mining Application, the Company
received acceptance of its wildlife baseline data report for its proposed gold
mine in Malheur County. To date, 20 of 22 baseline data reports have been
accepted by the state regulators.  The final two reports, ground water and
geochemistry, are expected to be filed in advance of submitting the revised
Consolidated Permit Application.

In September 2020, we announced the results of a Canadian NI 43-101 Feasibility
Study ("FS") for our Grassy Mountain Project in Oregon. The FS was completed by
a group of industry leading consulting firms led by Ausenco Engineering Canada
Inc. ("Ausenco") who managed the overall study and were responsible for
processing and infrastructure design and oversaw metallurgical testing; Mine
Development Associates ("MDA") who updated the mineral resource estimate and
completed the mine planning and reserves estimation; Golder Associates designed
the tailings storage facility; and EM Strategies oversaw the environmental
aspects of the FS.

This mining scenario in the FS results in an average annual production of 47,000
ounces of gold and 55,000 ounces of silver for eight years. The metal prices
used for the economic analysis includes $1,472 per ounce of gold sold and $16.64
per ounce of silver sold. The life of mine average cash operating costs are
estimated to be $583 per gold ounce including silver revenues as by product
credit and the total initial capital requirements are estimated to be $97.5
million resulting in a net present value of $105 million using a


————————————————– ——————————

5% discount rate. There can be no assurance that the above scenario can be achieved or, if achieved, that it will generate the anticipated economic return. In October 2020, we filed the completed FE on SEDAR, as required by Canadian securities laws.

In July 2020, the Company announced that the Oregon Water Resource Department
("OWRD") had reviewed and approved the plans and specifications for the tailings
dam proposed for the Grassy Mountain mine and stated that from a safety
perspective the plans are construction ready. The OWRD reviewed the data within
the Consolidated Permit Application which Paramount submitted in November 2019
and which included all tailings design drawings, safety analysis, field data
collected and laboratory testing. The OWRD and its engineering team are required
to review and evaluate the data and design, classify the hazard level (high,
significant, or low hazard rating) and evaluate readiness for construction from
a dam safety perspective. Considering the project's remote geographic location,
low population density, arid nature with no rivers or permanent streams in close
proximity, seismic analysis and all other data compiled, OWRD has rated the dam
as low hazard, its lowest risk level. The approval for construction is valid for
5 years with extensions possible on request.


Outlook and plan of operation:

We believe that investors will gain a better understanding of our company if
they understand how we measure and talk about our results. As an exploration and
development company, we recognize the importance of managing our liquidity and
capital resources. We pay close attention to non-discretionary cash expenses and
look for ways to minimize them when possible. We ensure we have sufficient cash
on hand to meet our annual land holding costs as the maintenance of mining
claims and leases are essential to preserve the value of our mineral property

For the next fiscal year, we intend to take the following actions:

Grassy Mountain Project: Paramount expects to respond to the State of Oregon's
CPA completeness review ("Review") received in February 2019. The Review
provided included proposed resolutions and additional information required by
the Company and will assist the Company in submitting a revised CPA. The Company
expects the revised CPA to address all the comments and requests for additional
information with the objective of submitting a complete revised CPA that allows
the State of Oregon to determine whether to issue a state mining permit for the
Grassy Mountain Project. In addition to the State of Oregon permitting
activities, Paramount expects to respond to BLM comments it received on its
PoO. Once all the comments have been addressed, the BLM will register a Notice
in the Federal Register once the application is deemed complete. The Notice
initiates the EIS process under the National Environmental Policy Act.  To
complete these activities Paramount will engage specialized mining consulting
firms, work with State and Federal contracted third parties and work directly
with both state and federal permitting agencies.

Sleeper Gold Project:

During our fiscal year-ended June 30, 2021, Paramount initiated several targeted
programs including metallurgical testing to enhance the value of the Sleeper
Gold Project. As a result of a review of all geological, geochemical and
geophysical data, the Company has identified several targets for exploration
drilling. The purpose of an exploration drill at the Sleeper Gold Project is to
locate additional higher-grade mineralization in the close proximity of the
original Sleeper pit or in the large mining claim package owned by the Company
and to facilitate further metallurgical testing. This commencement of this
exploration program is subject to having sufficient capital on hand.

Frost Project:

The Company will implement an initial reverse circulation drilling program to test historical drill results and additional selective targets.

Comparison of operating results for the year ended June 30, 2021 compared to
June 30, 2020

Results of Operations

We did not earn any revenue from mining operations for the years ended June 30,
2021 and 2020. During the year ended June 30, 2021, we completed various
activities and milestones as described above in operating highlights. Other
normal course of business activities included filing annual mining claim fees
with the BLM, reclamation work at the Sleeper mine site and on-going reviews of
its mining claims were completed.


————————————————– ——————————

Net loss

Our net loss for the year ended June 30, 2021 was $5,903,618 compared to a net
loss of $6,430,141 in the previous year. The decrease of approximately 8%  is
fully described below. We will continue to incur losses for the foreseeable
future as we continue with our planned exploration and development programs.


Land exploration, reclamation and holding costs

For the year ended June 30, 2021, exploration expenses were $2,816,685 compared
to $4,201,138 in the prior year. This represents a decrease of 33% or $1,384,453
mainly due to the Company not incurring comparable costs as in the previous
fiscal year to complete its feasibility study at the Grassy Mountain Project and
incurring a higher level of permitting costs to prepare and submit its CPA with
the State of Oregon. The feasibility study for the Grassy Mountain Project was
commenced in July 2019 and completed in October 2020.   For the year-ended June
30, 2021, the Company was focused on working with the State of Oregon to address
information requests required to advance the permitting process and submit a
revised consolidated permit application. Total exploration expenses at Grassy
Mountain during the year were $1,949,753 .

Included, for the year-ended June 30, 2021, were expenses of $324,516 (2020 -
$723,279) related to the Company's reclamation activities at the Sleeper
Project. Reclamation work continues to focus on reclaiming the past mine
operation collection ponds and continued monitoring as required by the State of
Nevada and the BLM. These reclamation expenses are reimbursed from funds held in
a commutation account as part of the Company's insurance program for outstanding
reclamation and environmental obligations at the Sleeper Gold Project.

For the year ended June 30, 2020, the Company submitted the consolidated mining
permit application with the State of Oregon and submitted a revised POO for its
Grassy Mountain Project. It also continued to work on its feasibility study for
the Grassy Mountain project.

For the year ended June 30, 2021, land charges have decreased by 9% or
$ 52,577 from the previous year to $ 540,401. The decrease is mainly attributable to the absence of rental costs for non-core mining claims leased to third parties.

Salaries and Benefits

For the year ended June 30, 2021, salary and benefits increased by 39% or by
$383,849 from the prior year to $1,373,451.  Salary and benefits are comprised
of cash and stock-based compensation of the Company's executive and corporate
administration teams. The increase in expenses was primarily due to stock-based
compensation incurred for new option grants, as well as bonuses awarded to the
Company's employees. Included in the salary and benefits expense amount for the
year ended June 30, 2021 and 2020 was non-cash stock based compensation of
$332,786 and $132,286 respectively.

Remuneration of directors

For the year ended June 30, 2021, the remuneration of directors increased by 72% or
$ 66,640 of the previous year ended June 30, 2020. The increase is due to stock-based compensation recognized during the current year June 30, 2021
compared to the previous year ended June 30, 2020.

Professional and general and administrative fees

For the year ended June 30, 2021, professional fees were $174,039 compared to
$166,894 in the prior year. This represents a increase of 4% or $7,145.
Professional fees included legal, advisory and consultant expenses incurred on
corporate and operational activities being performed by the Company on a
period-by-period basis.

For the year ended June 30, 2021, general and administration expenses decreased
by 2% to $483,608 from $495,628 in the prior year. In general, these expenses
remained stable from the prior year comparable period and any decrease was due
to reduced travel related expenses due to restrictions resulting from the
COVID-19 global pandemic.

Liquidity and capital resources

As an exploration and development company, Paramount funds its operations,
reclamation activities and discretionary exploration programs with its cash on
hand. At June 30, 2021, we had cash and cash equivalents of $3,113,064 compared
to $5,434,081 as at June

30, 2020. In May 2020, the Company established an "at the market" equity
offering program ("ATM") with Cantor Fitzgerald & Co. and Canaccord Genuity LLC
to proactively increase financial flexibility. During the fiscal year ended June
30, 2021 the Company issued 3.209,133 shares for net proceeds of $3,722,554
under the program and subsequent to the year -ended June 30, 2021 issued
2,189,936 shares for gross proceeds of $1,875,521. At June 30, 2021, the
Company's prepaid expenses were $1,152,396 compared to $442,596 for the
year-ended June 30, 2020. Included in the total for the year-ended June 30, 2021
were annual payments to hold the Company's mining claims in the for all its
mineral properties of $548,127. The prepaid expenses also included amounts to
secure a drill rig for the Paramount's upcoming drill program at the Frost
project. Drill rigs and related services have been in high-demand from an
industry perspective as the US economy re-opens from the restrictions placed due
to the COVID-19 pandemic.

The main uses of cash consisted of the following significant amounts:

• Cash used to finance our operations, including general and administrative costs

expenses, land holding fees, exploration programs at our Grassy Mountain

of $ 5,956,071.

In addition to cash used in operating activities, the Company used and received cash as follows:

• Money used to buy mining claims in the State of nevada of $ 87,500;

• Cash received from equity financing of $ 3,722,554.

We forecast our cash expenditure over twelve months for our year ending
June 30, 2022 be as follows:

$ 2.3 million on general and corporate expenses

For discretionary exploration and permit programs, subject to available liquidity and additional share issuances, we budget the following amounts:

$ 2.0 million on the Grassy mountain project state and federal permits


  • $0.7 million on the Frost Project exploration programs

  • $1.25 million on the Sleeper Gold Project exploration programs

Our anticipated expenditures will be funded by our cash on hand and other
capital resources.  Historically, we and other similar exploration and
development public companies have accessed capital through equity financing
arrangements or by the sale of royalties on its mineral properties. If, however
we are unable to obtain additional capital or financing, our exploration and
development activities will be significantly adversely affected.

Contractual obligations

The following table summarizes our obligations and commitments as of June 30,
2021 to make future payments under certain contracts, aggregated by category of
contractual obligation, for specified time periods:

                              Payments due by period
Obligations                 Total         Less than 1 year      1-3 years       4-5 years       More than 5 years
Payable &
Liabilities             $     638,950     $         638,950              -               -                       -
Obligations             $   1,849,644     $         310,022     $  581,575     $    44,892     $           913,156
Total                   $   2,488,594     $         948,972     $  581,575     $    44,892     $           913,156

Critical Accounting Policies

Management considers the following policies to be most critical in understanding
the judgments that are involved in preparing the Company's consolidated
financial statements and the uncertainties that could impact the results of
operations, financial condition and cash flows. Our financial statements are
affected by the accounting policies used and the estimates and assumptions made
by management during their preparation. Management believes the Company's
critical accounting policies are those related to mineral property acquisition
costs, exploration and development cost, stock-based compensation, derivative
accounting and foreign currency translation.


————————————————– ——————————


The Company prepares its consolidated financial statements and notes in
conformity to United States Generally Accepted Accounting Principles ("U.S.
GAAP") and requires management to make estimates and assumptions that affect the
reported amount of assets and liabilities and the reported amounts of revenue
and expenses during the reporting period. On an ongoing basis, management
evaluates these estimates, including those related the adequacy of the Company's
reclamation and environmental obligation, share based compensation, valuation of
deferred tax asset and assessment of impairment of mineral properties.
Management bases these estimates on historical experience and on various other
assumptions that are believed to be reasonable under the circumstances, the
results of which form the basis of making judgments about the carrying value of
assets and liabilities that are not readily apparent from other sources. Actual
results may differ from these estimates under different assumptions or

Costs of acquiring mining properties

The Company capitalizes the cost of acquiring mineral properties and will
amortize these costs over the useful life of a property following the
commencement of production or expense these costs if it is determined that the
mineral property has no future economic value or the properties are sold or
abandoned. Costs include cash consideration and the fair market value of shares
issued on the acquisition of mineral properties. Properties acquired under
option agreements, whereby payments are made at the sole discretion of the
Company, are recorded in the accounts of the specific mineral property at the
time the payments are made.

Amounts recognized as mining properties reflect the actual costs incurred to acquire the properties and do not indicate any present or future value of economically recoverable reserves.

Exploration expenses

We record exploration expenses as incurred. When we determine that precious
metal resource deposit can be economically and legally extracted or produced
based on established proven and probable reserves, further exploration expenses
related to such reserves incurred after such a determination will be
capitalized. To date, we have not established any proven or probable reserves
and will continue to expense exploration costs as incurred.

Obligation to take out of service

The fair value of the Company's asset retirement obligation ("ARO") is measured
by discounting the expected cash flows using a discount factor that reflects the
credit-adjusted risk free rate of interest, while taking into account the
inflation rate. The Company prepares estimates of the timing and amounts of
expected cash flows and ongoing reclamation expenditures are charged against the
ARO as incurred to the extent they relate to the ARO. Significant judgments and
estimates are made when estimating the fair value of ARO.

Stock-based compensation

For stock option grants with market conditions that affect vesting, the Company
uses a lattice approach incorporating a Monte Carlo simulation to value stock
options granted.

Option awards are generally granted with an exercise price equal to the market
price of Paramount's stock at the date of grant and have contractual lives of 5
years. To better align the interests of its key executives, employee and
directors with those of its shareholders a significant portion of those share
option awards will vest contingent upon meeting certain stock price appreciation
performance goals and other performance conditions. Option and share awards
provide for accelerated vesting if there is a change in control (as defined in
the employee share option plan). For stock option grants made in the fiscal
years ended June 30, 2021 and 2020, the Company used the Black-Scholes option
valuation model to value stock options granted. The Black-Scholes option
valuation model was developed for use in estimating the fair value of traded
options that have no vesting restrictions and are fully transferable. The model
requires management to make estimates which are subjective and may not be
representative of actual results. Changes in assumptions can materially affect
estimates of fair values. For purposes of the calculation, the following
assumptions were used for the fiscal years ended June 30, 2021 and 2020:

                                                     2021          2020
             WA Risk free interest rate                .22%         1.60%
             WA Expected dividend yield                  0%            0%
             WA Expected stock price volatility         60%           61%
             WA Expected life of options            5 years       5 years


Off-balance sheet provisions

We are not currently a party to, or otherwise involved with, any off-balance
sheet arrangements that have or are reasonably likely to have a current or
future material effect on our financial condition, changes in financial
condition, revenues or expenses, results of operations, liquidity, or capital

© Edgar online, source Previews

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Form 8-K INTEGRAL AD SCIENCE HOLD For: Sept. 17 Fri, 17 Sep 2021 21:23:48 +0000

Article 2.02. Operating results and financial condition.

On August 12, 2021, Integral Ad Science Holding Corp. (the “Company”) filed its quarterly report on form 10-Q for the second quarter ended June 30, 2021 (the “10-Q”). Recently and after the issuance of 10-Q, the Company determined that in calculating Net Ad Customer Revenue Retention (“NRR”), it inadvertently underestimated the existing customer revenue cohort (denominator) for certain time periods. This resulted in an overestimation of the RNR at June 30, 2021 and 2020 and March 31, 2020. As corrected, the RNR at each of these dates was as follows:

June 30, 2021 June 30, 2020 March 31, 2020

Retention of net revenues from advertising clients

126 % 109 % 115 %

The RNR for the whole of 2020 remains unchanged at 108%. Corrected, the variation from one period to another of the NRR from June 30, 2020 to June 30, 2021 and from March 31, 2020 to June 30, 2020, still represents a similar performance on a comparable basis. The Company expects the NRR for future annual periods to be in line with its target of approximately 120%.

In addition, the 10-Q refers to the total number of advertising clients as 2,155, when in fact that number represented the total number of clients comprised of 2,018 advertisers and 137 publishers, as correctly described in the comments prepared by management on the earnings call for the second quarter ended June 30, 2021.

Increased guidance

The corrections described above had no impact on the Company’s condensed consolidated financial statements which have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and included in the 10-Q. As previously reported, total revenue for the second quarter of 2021 was $ 75.1 million, an increase of 55% from the $ 48.3 million in the second quarter of 2020. In addition, the Company also notes the financial forecasts provided for the quarter ending September 30, 2021 and the fiscal year ended December 31, 2021 that it had previously published in the press release announcing its financial results for the quarter ended June 30, 2021.

Forecast update for the third quarter of 2021 Previous forecast for the third quarter of 2021 Update of guidelines for 2021 Previous direction for 2021


$ 75.0 to $ 77.0 million $ 74.0 to $ 76.0 million $ 309.0 to $ 313.0 million $ 308.0 to $ 312.0 million

Adjusted EBITDA

$ 18.0 to $ 20.0 million $ 16.0 to $ 18.0 million $ 89.0 to $ 93.0 million $ 87.0 to $ 91.0 million

Increased outlook for Q3 2021 reflects strong contribution across all segments through adoption of programmatic context control solutions, expansion into international markets, as well as growth in television connected (CTV) through the acquisition of Publica in August 2021.

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FNM S p A: Unaudited pro forma consolidated statement of comprehensive income as of December 31, 2020 of FNM Fri, 17 Sep 2021 16:32:06 +0000

Società per Azioni

Milan headquarters – Piazzale Cadorna, 14

Social Capital € 230,000,000.00 iv

Unaudited pro forma consolidated statement of accounts

Overall income

for the fiscal year ended December 31, 2020 of


FNM Group

This document has been prepared by FNM SpA, on a voluntary basis, exclusively within the framework of the possible issue of bonds within the framework of the Euro Medium Term Note program of € 1,000,000,000, which was announced to the market on the 16th September 2021 (see the corresponding press release, available in the “Investor Relations – Press releases” section of the company’s website –


This document presents the unaudited pro forma statement of comprehensive income for the financial year ended December 31, 2020 of FNM SpA (hereinafter the “Society” Where “FNM“and, with its subsidiaries, the”Group” Where “FNM Group“) and the accompanying explanatory notes (the”Unaudited pro forma consolidated financial information“).

The unaudited pro forma consolidated financial information has been prepared to retroactively show the main effects of the following transactions on the Company’s consolidated statement of comprehensive income:

  • the acquisition of 82.4% of the capital of Milano Serravalle-Milano Tangenziali SpA (“BET“) by the FNM Group, which was completed on February 26, 2021; and
  • the unsecured facility used to finance acquisition mentioned above.

The operations described above are jointly referred to as “Transactions“.

No pro forma consolidated statement of financial position has been prepared because the effects of Transactions are already reflected in the consolidated statement of financial position as at June 30, 2021 included in the interim condensed consolidated financial statements of the Company at that date.

The objective of preparing Unaudited Pro Forma Consolidated Financial Information is to simulate, according to accounting principles consistent with those used for the preparation of the Group’s published historical consolidated accounts and in accordance with applicable legislation, the main potential effects of the Transactions on the consolidated statement of comprehensive income of the Company, as if the Transactions had taken place on January 1, 2020 for the purposes of the unaudited pro forma consolidated statement of comprehensive income for the year ended December 31, 2020.

The Unaudited Pro Forma Consolidated Financial Information deals with a hypothetical situation and, therefore, does not represent the actual financial position or operating results of the Group.

As mentioned above, the Unaudited Pro Forma Consolidated Financial Information represents a simulation, for information purposes only, of the main potential impacts that may arise from the

Unaudited pro forma consolidated statement of comprehensive income

for the fiscal year ended December 31, 2020

page 1

FNM Group

Transactions. In particular, as the pro forma information is prepared to illustrate retrospectively the effects of transactions that will occur subsequently, using generally accepted regulations and reasonable assumptions, there are limitations inherent in the nature of the pro forma information; consequently, if the Transactions had taken place on the date presumed above, the actual effects would not necessarily have been the same as those presented in the Unaudited Pro Forma Consolidated Financial Information.

The Unaudited Pro Forma Consolidated Financial Information is based on our current estimates and good faith assumptions regarding adjustments resulting from Transactions. The unaudited pro forma consolidated financial information is provided for informational purposes only and does not purport to represent or be indicative of the consolidated results of operations that the FNM group and MISE (the “Combined Group“) would have reported if the Transactions had been completed on the date presented, and is not, and should not be considered, representative of the future consolidated financial position or results of operations of the Combined Group, nor does it purport to project the Combined Group financial position at a future date or results of operations for a future period and should not be used for this purpose.

The Unaudited Pro Forma Consolidated Financial Information should be read in conjunction with:

  • the consolidated financial statements of the FNM Group for and for the years ended December 31, 2020 (hereinafter the “FNM 2020 Audited Consolidated Financial Statements“), prepared in accordance with International Financial Reporting Standards adopted by the European Union (“IFRS“), approved by the Board of Directors on March 18, 2021 and audited by PricewaterhouseCoopers SpA, which delivered its unqualified audit report on April 8, 2021;
  • the financial statements of MISE as at December 31, 2020 and for the years ended (hereinafter the “”MISE 2020 Audited Financial Statements“), prepared in accordance with the relevant requirements of the Italian Civil Code, as interpreted by the accounting standards issued by the Italian Accounting Board (hereinafter the”Italian GAAP“), approved by the Board of Directors of MISE on March 11, 2021 and audited by Ria Grant Thornton SpA, who issued her unqualified audit report on March 30, 2021.

Unaudited pro forma consolidated statement of comprehensive income

for the fiscal year ended December 31, 2020

page 2

FNM Group


A brief description of the Transactions is provided below.


On July 29, 2020, the FNM acquired 13.6% of the capital of MISE, the stake held directly and indirectly by ASTM SpA in MISE, following the execution of the sale and purchase agreement signed on the same date (the “First acquisition MISE“).

On February 26, 2021, the FNM finalized the acquisition of 82.4% of the capital of MISE, the entire stake held by the Lombardy Region in MISE, pursuant to the sale and purchase agreement signed on November 3, 2020 (the “Second acquisition MISE“and, with the First MISE Acquisition, the”MISE acquisition“).

The planned consideration for the Acquisition of MISE amounted to € 604.8 million, of which € 526.5 million was paid in the first quarter of 2021.


The MISE Acquisition was financed by a bridging loan of up to € 650 million granted to FNM by a pool of banks, which must be repaid in one installment no later than January 2022 (the “Bridge loanThe bridging loan was drawn on February 26, 2021 for an amount of € 620 million.

Interest is calculated as the sum of Euribor plus a margin. Transaction costs related to the bridging loan amounted to 8.4 million euros.

Unaudited pro forma consolidated statement of comprehensive income

for the fiscal year ended December 31, 2020

page 3

This is an excerpt from the original content. To continue reading it, access the original document here.


FNM SpA published this content on September 17, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on September 17, 2021 04:31:07 PM UTC.

Public now 2021

All news from FNM SPA

Sales 2021 466 million
547 million
547 million
Net income 2021 37.0 million
43.4 million
43.4 million
Net debt 2021 753 million
883 million
883 million
PER 2021 ratio 7.21x
Yield 2021 3.55%
Capitalization 270 million
317 million
316 million
VE / Sales 2021 2.19x
VE / Sales 2022 1.98x
Number of employees 2 823
Free float 27.7%

Duration :


FNM SpA Technical Analysis Chart |  MarketScreener

Trends in technical analysis FNM SPA

Short term Mid Road Long term
Tendencies Bullish Bearish Neutral

Evolution of the income statement

To sell

To buy

Average consensus SOCKET
Number of analysts 1
Last closing price

€ 0.62

Average price target

€ 0.93

Spread / Average target 50.0%

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The following MD&A (MD&A) is intended to help the reader understand the consolidated results of operations and financial condition of Nunzia pharmaceutical company and its subsidiaries. The MD&A is provided as a supplement and should be read in conjunction with the financial statements and accompanying notes to the financial statements included in this Detailed Form 10-K.

Our discussion and analysis of our financial condition and results of operations is based on our financial statements, which have been prepared in accordance with generally accepted accounting principles in United States of America. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities and expenses and the related disclosure of assets and contingent liabilities. Management bases its estimates on historical experience and on various other assumptions considered reasonable in the circumstances, the results of which form the basis for making judgments on the carrying values ​​of assets and liabilities which are not readily apparent from other sources. Actual results may differ from these estimates depending on different assumptions or conditions.


The Company owns the rights to NunziaTM, a nutraceutical that treats autism, fragile X, ADHD and PTSD. We manufacture, market and distribute NunziaTM direct to consumers through our website,, and wholesalers. NunziaTM is a targeted B-blocker that works to increase sensory, social and life skills, as well as attention span, memory retention, focus, comprehension and learning while decreasing anxiety , stress, fixations, restlessness and outside distractions. Current drugs that attempt to control the symptoms of autism, fragile X, ADHD, and PTSD are broad, generally ineffective, and include drugs such as Valium, Prozac, amphetamines, and antipsychotics. These drugs are considered “Hit or Miss”, alone or in combination.



Going Concern

The Company’s financial statements are prepared in accordance with generally accepted accounting principles in United States of America applicable to a going concern which envisages the realization of assets and the liquidation of liabilities in the normal course of business. The Company has not yet established a continuing source of revenue sufficient to cover its operating costs and enable it to continue operating.

From December 31, 2020, we had negative working capital of $ 36,404 and no assets. Management recognizes that in order for us to meet our capital needs and continue to operate, additional funding will be required. We plan to raise additional funds through private or public investments to expand the range and reach of our business operations. We will seek access to private or public capital, but there can be no assurance that these additional funds will be available to enable us to finance our operations on acceptable terms, if at all. If we are unable to raise additional capital or generate positive cash flow, it is unlikely that we will be able to continue operating. The financial statements do not include any adjustment that could result from the outcome of this uncertainty.

Results of Operations

Year ended December 31, 2020 compared to the closed financial year December 31, 2019


To date, the Company has not generated any income.

Total Operating Expenses

Total operating expenses for the year ended December 31, 2020 was $ 9,016,327
compared to $ 33,635 for the year ended December 31, 2019. Expenses are primarily related to professional and external service fees to maintain our accounting and public information and fluctuate due to the cost schedule.

Other Income (Expense)

Other expenses increased $ 9 million due to the issuance of 3 million ordinary shares to Michael mitsunaga, our President and Director, under a license agreement dated December 21, 2020 whereby the Company has obtained an exclusive license to market the UL and FDA approved device under Patent No. 6,788,885 B2: IV BLOOD WARMING SYSTEM. For more information, see the notes to our financial statements, “NOTE 5 – Related party transactions”.

Liquidity and capital resources

We have a conserved deficit of $ 9,350,359 through December 31, 2020. From
December 31, 2020, the Company had no cash on hand. All expenses in 2020 and 2019 resulted in a corresponding increase in our liabilities or equity resulting in no use of cash. Our main source of liquidity has been advances from certain shareholders.

These conditions raise substantial doubt as to our ability to continue operating. Management recognizes that in order for us to meet our capital needs and continue to operate, additional funding will be required. We plan to raise additional funds through private or public investments in order to maintain and / or expand the range and reach of our business operations; however, there can be no assurance that such additional funds will be available to us on acceptable terms, if at all. If we are unable to raise additional capital when needed or generate positive cash flow, it is unlikely that we will be able to continue operating. The financial statements do not include any adjustment that could result from the outcome of this uncertainty.





Contractual Obligations


Off-balance sheet provisions

We do not have off-balance sheet arrangements.

Recently published accounting position papers

See note 2 of the notes to the Company’s financial statements.

Critical Accounting Policies

Our discussion and analysis of our financial condition and results of operations is based on our financial statements, which have been prepared in accordance with generally accepted accounting principles in United States of America
(“GAAP”). The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, income and expenses, and the related disclosure of assets and contingent liabilities. On an ongoing basis, we evaluate our estimates based on historical experience and various other assumptions that are considered reasonable in the circumstances, the results of which form the basis for making judgments on the carrying values ​​of assets and liabilities that do not are not evident from other sources. Actual results may differ from these estimates depending on different assumptions or conditions.

Due to the level of activity and the absence of complex transactions, we believe that there are currently no accounting policies and no critical estimates that affect the preparation of our financial statements.

New accounting standards to be adopted after December 31, 2020

In August 2020, the Financial Accounting Standards Board (“FASB”) published the update of accounting standards n ° 2020-06, “Debt with conversion and other options (sub-section 470-20) and derivatives and hedging contracts in the equity of the entity ( sub-heading 815-40): Instruments and Contracts in an Entity’s Own Equity “(” ASU 2020-06 “), which simplifies the accounting for convertible instruments by eliminating the main separation models required by we GAAP. ASU 2020-06 removes certain settlement conditions required for equity contracts to qualify except for the scope of derivatives and also simplifies the calculation of diluted earnings per share in certain areas. ASU 2020-06 is in effect for the Company for fiscal years beginning after
December 31, 2021, including the interim periods within these years. Early adoption is permitted, but not before fiscal years beginning after December 15, 2020 and the adoption must take place at the start of the Company’s annual financial year. The Company adopted ASU 2020-06 effective with our fiscal year beginning on
January 1, 2021. We do not expect the adoption of ASU 2020-06 to have a material impact on our consolidated financial statements.

Related Party Transactions

For a discussion of our related party transactions, see “Note 5 – Related Party Transactions” to our financial statements included elsewhere in this Annual Report on Form 10-K.

© Edgar online, source Previews

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XAI Octagon Floating Rate & Alternative Income Term Trust Reports Monthly Common Share Distribution of $ 0.073 per Share Wed, 01 Sep 2021 20:15:00 +0000

CHICAGO, September 01, 2021– (BUSINESS WIRE) – XAI Octagon Floating Rate & Alternative Income Term Trust (the “Trust”) has declared its regular monthly distribution of $ 0.073 per share on the common shares of the Trust (NYSE: XFLT), payable on 1st October 2021 to common shareholders of record on September 15, 2021, as set out below. The amount of the distribution does not represent any change from the amount of the distribution for the previous month.

The following dates apply to the declaration:

Ex-dividend date

September 14, 2021

Registration Date

September 15, 2021

Payment date

October 1, 2021


$ 0.073 per common share

Change from the previous month

No change

Distributions of common shares may be paid out of net investment income (interest and ordinary dividends), capital gains and / or return of capital. The specific tax characteristics of the distributions will be reported to common shareholders of the Trust on Form 1099 after the end of the 2021 calendar year. Shareholders should not assume that the source of a distribution from the Trust is net income or income. profit. For more information on the Trust’s distributions, please visit

The net investment income and capital gain of the Trust can vary significantly over time; however, the Trust seeks to maintain more stable monthly distributions of common shares over time. The Trust’s investments in CLOs are subject to complex tax rules and the calculation of taxable income attributed to an investment in subordinated CLO bonds may be significantly different from the calculation of income for financial reporting purposes under accounting principles. generally accepted in the United States (“US GAAP”), and, therefore, there may be material differences between the GAAP income of the Trust and its taxable income. The final taxable income of the Trust for the current year will not be known until the Trust’s income tax returns are filed.

As a registered investment company, the Trust is subject to an excise tax of 4% which is imposed if the Trust does not distribute to common shareholders by the end of a calendar year at least the sum of (i) 98% of its ordinary income (without taking into account any capital gain or loss) for the calendar year and (ii) 98.2% of its capital gain in excess of its depreciation (corrected by certain ordinary losses) for a one-year period generally ending October 31 of the calendar year (unless an election is made to use the Trust’s fiscal year). In certain circumstances, the Trust may elect to retain income or capital gain to the extent that the Board of Trustees, in consultation with management of the Trust, determines that it is in the best interests of the shareholders to do so.

Distributions of common shares paid by the Trust for any period may be greater than the amount of net investment income for that period. Therefore, all or part of a distribution may be a return of capital, which is in effect a partial return of the amount that an ordinary shareholder has invested in the Trust, up to the amount of the tax base. of the ordinary shareholder in his ordinary shares. , which would reduce this tax base. Although a return of capital may not be taxable, it will generally increase the potential gain of the common shareholder, or reduce the potential loss of the common shareholder, on any subsequent sale or other disposition of common shares.

The distribution will be paid on the payment date, unless payment of such distribution is deferred by the Board of Trustees after determining that such deferral is necessary in order to comply with applicable law, in order to ensure that the Trust remains solvent and capable of paying its debts as they become due and continue as a going concern, or to comply with applicable financial terms or covenants of senior securities of the Trust.

Future distributions of Common Shares will be paid if and when declared by the Board of Trustees of the Trust, based on a number of factors, including the Trust’s continued compliance with the terms and financial covenants of its securities. first, the Trust’s net investment income, financial performance and cash on hand. There can be no assurance that the amount or timing of distributions of Common Shares in the future will be equal or similar to that described herein or that the Board of Trustees will not decide to suspend or discontinue the payment of distributions of Common Shares. common stock in the future.

The investment objective of the Trust is to seek an attractive total return with an emphasis on income generation through several stages of the credit cycle. The Trust seeks to achieve its investment objective by investing in a dynamically managed portfolio of opportunities, primarily in the private credit markets. Under normal market conditions, the Trust will invest at least 80% of its assets under management in floating rate credit instruments and other structured credit investments. There can be no assurance that the Trust will achieve its investment objective.

The common shares of the Trust trade on the New York Stock Exchange under the symbol “XFLT”, and the 6.50% Term Preferred Shares Series 2026 of the Trust trade on the New York Stock Exchange under the symbol “XFLTPRA” .

About XA Investments

XA Investments LLC (“XAI”) acts as investment advisor to the Trust. XAI is a Chicago-based company founded by XMS Capital Partners in April 2016. In addition to investment advisory services, the company also provides investment fund structuring and advisory services focused on registered closed-end funds for meet the needs of institutional clients. XAI provides custom product creation and advisory services, including market development and research, sales, marketing, fund management and administration. XAI believes that the investing public can benefit from new vehicles to access a wide range of alternative investment strategies and managers. XAI offers individual investors access to alternative institutional-caliber managers. For more information, please visit

About XMS Capital Partners

XMS Capital Partners, LLC, established in 2006, is an independent global financial services firm that provides mergers and acquisitions, business advisory and asset management services to its clients. It has offices in Chicago, Boston and London. For more information, please visit

About Octagon Credit Investors

Octagon Credit Investors, LLC (“Octagon”) acts as investment sub-advisor to the Trust. Octagon is an over 25-year-old, $ 28.4 billion corporate credit investment advisor focused on investments in leveraged loans, high yield bonds and structured credit (debt and equity CLO). Through fundamental credit analysis and active portfolio management, Octagon’s investment team identifies attractive relative value opportunities in lower quality asset classes, sectors and issuers. Octagon’s investment philosophy and methodology encourage and rely on dynamic internal communication to manage portfolio risk. Throughout its history, the company has applied a disciplined, repeatable and scalable approach in its efforts to generate attractive risk-adjusted returns for its investors. For more information, please visit

XAI does not provide tax advice; please consult a professional tax advisor regarding your particular tax situation. Income may be subject to state and local taxes, as well as alternative federal minimum tax.

Investors should carefully consider the investment objectives and policies, risk considerations, fees and expenses of the Trust before investing. For more information on the Trust, please visit the Trust’s webpage at

This press release does not constitute an offer to sell or a solicitation to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer or solicitation or sale would be illegal prior to registration. or qualification under the laws of such state or jurisdiction.




See the source version on


Kimberly Flynn, Executive Director
XA Investments LLC
Telephone: 888-903-3358

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Palo Alto Networks (NYSE: PANW) Continues To Outperform, Even As It Remains Stubbornly Unprofitable Sat, 28 Aug 2021 16:22:10 +0000

This article first appeared on Simply Wall St News.

Palo Alto Networks, Inc.(NYSE: PANW) has just reached a new all-time high after posting a surprising result. Although the company remains unprofitable according to generally accepted accounting principles (GAAP), this obviously does not prevent it from generating returns for its investors.

In this article, we will take a look at the latest developments around the business and the total returns for the last 5 year period.

Fourth fiscal quarter results

  • Non-GAAP EPS: US $ 1.60 (vs. US $ 0.16)

  • GAAP EPS: – $ 1.23 ($ 0.07 shortfall)

  • Revenue: US $ 1.22 billion (vs. US $ 50 million)

  • Y / Y revenue: + 28.4%

You can keep up to date with the latest figures by reading our company report.

The forecast for 2022 is now set at $ 6.60-6.65 billion, representing annual growth of 21-22 percent, with total revenue of between $ 5.275 billion and $ 5.235 billion, compared to a consensus of US $ 5.02 billion. .

CEO Nikesh Arora cited the increase in cybersecurity attacks in recent months as a driver of demand for the company’s technology. It’s no surprise after T-Mobile revealed a network hack affecting tens of millions of customers last week.

On the news, the stock has climbed more than 20% in 4 consecutive positive sessions, reaching a new all-time high at US $ 461.28.

In the meantime, the board of directors has authorized additional share buybacks, bringing the buyback plan to US $ 1 billion by the end of 2022.

Given the high growth prospects in a low interest rate environment, the share buyback appears to be a reasonable idea.

Given that the stock added US $ 9.1 billion to its market cap in the past week alone, let’s see if the underlying performance has generated any long-term returns.

Check out our latest review for Palo Alto Networks

Palo Alto Networks is still not profitable, so most analysts would look to revenue growth to understand how fast the underlying business is growing. Shareholders of unprofitable companies generally expect strong revenue growth. As you can imagine, rapid revenue growth, when sustained, often leads to rapid profit growth.

Over the past 5 years, Palo Alto Networks has seen its revenue increase by 21% per year. Even compared to other revenue-driven businesses, this is a good result. It is therefore not entirely surprising that the stock price reflected this performance by increasing at a rate of 26% per annum during this period. So it seems likely that buyers paid attention to the strong revenue growth.

The graph below illustrates the evolution of earnings and income over time (reveal the exact values ​​by clicking on the image).

profit and revenue growth

We are happy to report that the CEO is paid more modestly than most similar capitalization companies. It’s always worth keeping an eye on CEO compensation, but a bigger question is whether the company will increase profits over the years. You can see what analysts are predicting for Palo Alto Networks in this interactive graph of future profit estimates.

A different perspective

It is good to see that Palo Alto Networks has rewarded its shareholders with an 81% total shareholder return over the past twelve months. In addition, the 5-year gain now stands at 218%, significantly outperforming the S & P500 which delivered “only” 107% over the same period.

This is better than the 26% annualized return over half a decade, which implies that the company has been doing better recently. Someone with an optimistic outlook might view the recent improvement in TSR as indicating that the business itself is improving over time. It is always interesting to follow the evolution of stock prices over the long term. But to better understand Palo Alto Networks, there are many other factors that we need to consider. Consider, for example, the ever-present specter of investment risk.

We have identified 3 warning signs with Palo Alto Networks, and understanding them should be part of your investment process.

If you are interested in more opportunities you may want to see this free collection of growth stocks.

Please note that the market returns quoted in this article reflect the market-weighted average returns of stocks currently traded on US stock exchanges.

Simply Wall St analyst Stjepan Kalinic and Simply Wall St have no positions in any of the companies mentioned. This article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents.

Do you have any feedback on this item? Are you worried about the content? Contact us directly. You can also send an email to

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3 Retail Stocks With Juicy Dividends You Can Buy Right Now Sat, 21 Aug 2021 11:15:00 +0000

Investors often buy growth stocks because of the capital appreciation they provide, but adding a dividend to the mix can increase a portfolio’s returns.

Finding the right mix of a solid business offering a very attractive source of income is not always easy, but Best buy (NYSE: BBY), Hanesbrands (NYSE: HBI), and Leggett & Platt (NYSE: LEG) are a winning trio of stocks that investors should consider for their portfolios.

Image source: Getty Images.

An insanely good dividend payer

Eric Volkman (Best Buy): Best Buy isn’t recognized as a dividend-paying stock, and that’s a little unfair. The electronics retailer has been distributing a regular quarterly payment for longer than many competitors, initiating it in early 2004 and distributing it without fail quarterly since (yes, even during the financial crisis of the late 2000s, and in the inside the coronavirus pandemic).

The company is the best-in-class tech retailer because it’s tough and adaptable. It’s one of the great business stories of our time, with many investors and pundits vying for the business in the early 2010s. These were dark days for Best Buy, with its resignation. former CEO following an internal investigation into personal misconduct, erosion of market share by aggressive online retailers like Amazon, and declining sales.

When new leader Hubert Joly took on the role of CEO in 2012, the situation began to change rapidly.

In order to counter the practice of “showrooming” which plagued the trade of traditional retailers, Joly introduced a price matching guarantee which remains to this day. This naturally threatened the margins, which the new CEO compensated with significant cost cuts. After a net loss of nearly $ 1.4 billion, under generally accepted accounting principles (GAAP), in 2012 and a much smaller deficit of $ 249 million the following year, Best Buy reported annual net profit since then.

Nowadays, driven by intelligent management measures, the company is a monster of growth and profitability. For example, earlier this year it announced its own version of the trendy retailer membership plans with Best Buy Beta. This not only provides the standard free expedited shipping standard throughout the industry, but also includes important benefits such as automatic two-year warranty protection on selected items and an extended 60-day return window for its merchandise. .

While recent results are a bit skewed by the 2020 weakness all retailers have experienced due to the pandemic, Best Buy has done very well in its final quarter. Its sales in the first quarter of fiscal 2022 reached nearly $ 12 billion, which was not only 37% more than the coronavirus-dampened first quarter 2021, but also surpassed the first quarter of 2020. of the company’s 27% still impressive. These 2010 earnings losses are fading away, as net income for the quarter more than tripled to $ 595 million.

Best Buy surely has more growth, given the continuous upgrade cycle of its most popular product categories (smartphones, video game consoles, TVs, etc.) and the fact that it is the electronics retailer. benchmark for millions of consumers. As the business grows, this dividend is expected to increase accordingly – in fact, the company’s free cash flow in fiscal 2021 was over $ 4.2 billion, much more. than enough to cover the $ 568 million it spent on dividends.

Women in sunglasses and t-shirts.

Image source: Hanesbrands.

This outsider could be a champion

Keith Noonan (Hanesbrands): The negative impacts that the pandemic has had on the retail space are fairly well documented at this point. Hanesbrands was able to adapt better than many other players in the industry thanks to a quickly orchestrated pivot to produce face masks and protective clothing, but it was only a temporary decision, and the company had to face many other persistent challenges facing its industry. Even with the headwinds, Hanesbrands managed to put in quite an impressive performance, and it appears the market is underestimating the company’s growth potential.

The clothing company was able to grow sales 13% year-over-year in the second quarter, and sales for the period were also up 15% from the 2019 quarter. The Company’s Champion really stood out, with worldwide sales increasing 120% from the period of the previous year and 21% from the second quarter of 2019. The popularity of the Champion brand has helped l company to accelerate its direct development. Distributing to consumers through physical and online retail channels, Hanesbrands has a hot sales growth engine that can also help steer the business towards better margins.

Better yet, the stock appears to be priced cheaply, trading at around 11 times this year’s expected earnings and posting a 3.1% dividend. Investors who prioritize reliable short-term payout growth will likely be disappointed to learn that the company’s payout has been stable since 2017, but management remains committed to paying regular dividends as a critical component of the payout. shareholding, and there is a possible path for significant growth in payments in the not-so-distant future. Hanesbrands will make its 34th consecutive quarterly dividend payment at the end of this month, and management has indicated that it plans to start generating dividend growth again as profits rise.

Hanesbrands may seem relatively boring compared to Nike and other category leaders, but the oft-overlooked stock has an attractive return income component and ways to crush market expectations.

Couple lying on a mattress.

Image source: Getty Images.

Giving investors a head start

Rich Duprey (Leggett & Platt): Consumers often buy products based on the brand of the company that sells them, whether it’s a smartphone, an electric car, or even a piece of furniture. Most of the time, they don’t think about what components go into the product and where they come from.

These types of businesses that support brands are hidden from view, but can be rewarding long-term investments because they are so critical to the success of the brand business up front. This is the case with Leggett & Platt, a manufacturer of engineered components and products that can be found in most homes, offices and automobiles.

Chances are, if you are a person who sleeps in a bed, you are probably using their products. This is because Leggett & Platt is the leading manufacturer of coil springs for mattresses and sofas, as well as exclusive specialty foams for the bedding and furniture markets.

Its components can also be found in the automotive and aerospace industries, furniture manufacturers, and flooring and textile companies.

Founded in 1889, Leggett & Platt has a long history of returning shareholder value through a dividend that currently earns 3.4% per annum. Since increasing the payout every year since 1971, he’s been a member of a group of companies called Dividend Kings, or stocks that increase their dividends every year for 50 years or more.

Leggett & Platt says maintaining its place on this list of rarefied stocks is essential, and that it holds one of the best dividend growth records for any stock in the market. S&P 500.

So Leggett & Platt is not what you would think of as your typical retail stock, but because its components are the backbone of many essential products that you can buy in stores and online, investors may be on the lookout for it. Comfortable assuming that this stock’s hefty dividend will reward them for years to come.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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