RPM International (NYSE: RPM) had a mixed quarter and one that reveals the two-edged sword of inflation. The company grew revenue and at a pace above consensus but the gains...
While in its simplest form, the concept of manufacturing may convey the thought of creating and selling a product, today's connectivity has led to further opportunities. For manufacturers, that includes windows opening to new revenue streams.
Canoo (NASDAQ: GOEV) is one of the hot up-and-comers in the EV market having gone SPAC late last year and on track to begin deliveries in 2022. Shares of Canoo sank 25% after an expected no-revenue quarter scuttled the market.
"We passed an important milestone this quarter in achieving higher monetization of mobile users than non-mobile users for the first time," Chief Financial Officer Maggie Wu said.
The company -- which owns multiple dating websites, including OKCupid, Tinder and Match.com -- said its average paid-member count increased 36 percent in the first quarter.
Shares, which have lost more than a third of their value since the company reported fourth-quarter results on Feb. 4, rose 7.6 percent in extended trading on Thursday.
This projection is based on the company increasing advertising efforts and some brands reportedly willing to paying $10 million for 'sponsored lenses..'