JD Wetherspoon FY21 Loss Widens On Weak Revenues; 9-week LFL Sales Down

Pre-market Movers: PROG, ITRM, PALT, SDPI, IRNT…

The following are some of the stocks making big moves in Friday’s pre-market trading (as of 5.45 A.M. EDT).

In the Green

Progenity, Inc. (PROG) is up over 27% at $1.94

Iterum Therapeutics plc (ITRM) is up over 23% at $0.69

Paltalk, Inc. (PALT) is up over 19% at $12.68

Minerva Neurosciences, Inc. (NERV) is up over 10% at $1.92

SunPower Corporation (SPWR) is up over 8% at $24.68

QuickLogic Corporation (QUIK) is up over 7% at $5.75

Fangdd Network Group Ltd. (DUO) is up over 7% at $1.19

Aeterna Zentaris Inc. (AEZS) is up over 6% at $0.80

Meten Holding Group Ltd. (METX) is up over 6% at $0.38

In the Red

Superior Drilling Products, Inc. (SDPI) is down over 16% at $1.47

IronNet, Inc. (IRNT) is down over 12% at $14.98

Camber Energy, Inc. (CEI) is down over 11% at $3.38

Farmmi, Inc. (FAMI) is down over 11% at $0.41

Onion Global Limited (OG) is down over 6% at $8.28

Sony Announces Addition Of Bluepoint To PlayStation Studios – Quick Facts

Sony Interactive Entertainment has entered into a definitive agreement to acquire Bluepoint Games. Based in Austin, Texas, Bluepoint will join the global development operation of PlayStation Studios. Terms of the deal were not disclosed.

The titles in Bluepoint’s portfolio include: the PS5 remake of Demon’s Souls; the PS4 remakes and remasters of Uncharted: The Nathan Drake Collection, Shadow of the Colossus, Gravity Rush and many more.

“Bluepoint Games has been an incredible partner to work with over the years, and the craftmanship they’ve demonstrated on past projects is impeccable,” said Jim Ryan, President & CEO, Sony Interactive Entertainment.

B&G Foods Recalls Tone’s Taco Seasoning Blend

B&G Foods is recalling certain Tone’s Taco Seasoning Blend citing the presence of undeclared wheat, a known allergen, the U.S. Food and Drug Administration said.

The recall involves 3,867 cases of 23 oz. Tone’s Taco Seasoning Blend, with “best by” dates of SEPT 03 24 and SEPT 06 24, and UPC#: 0-41351-91461-5.

The affected product may have been distributed in Sam’s Club stores nationwide and through the Sam’s Club website.

The product name appears on the top of the front and back label. Containers labeled as Tone’s Taco Seasoning Blend on both the front and back of the container correctly declare the presence of wheat.

Meanwhile, there may be some individual containers which are mistakenly labeled on the back as Lemon Pepper Seasoning Blend, which does not declare wheat.

People who have an allergy or severe sensitivity to wheat may get serious or life- threatening allergic reaction if the recalled product is consumed.

However, the company has not received any reports of allergic reactions or consumer complaints related to the affected products to date.

Consumers who have purchased the recalled product can return it to the place of purchase for a full refund or dispose of the product.

In similar recalls citing undeclared wheat, Picket Fence Creamery this week called back taco cheese curds and key lime pie ice cream. RMH Foods, LLC in mid August recalled 583 cases of Gordon Choice Deli Style Tuna and Chicken Salads for undeclared wheat and tuna allergens.

Nissan reports over three-fold increase in domestic sales in September

The company said its exports last month stood at 5,900 units, compared with 211 units in September 2020

Automaker Nissan India on October 1 said its domestic wholesales rose over three fold to 2,816 units in September, up from 780 units in the same month of last year.

The company said its exports last month stood at 5,900 units, compared with 211 units in September 2020.

In the first half of the current financial year, the automaker said it has achieved domestic wholesales of 18,591 units with a growth of 459% over last year.

In exports, the company has achieved sales of 18,608 units in the first half of this financial year with 159% growth over last year, it added.

"Customer sentiment is very positive this festive season with a strong inflow of bookings," Nissan Motor India Managing Director Rakesh Srivastava said in a statement.

The response for the company’s compact SUV Magnite is robust with over 65,000 plus customer bookings, he added.

"The challenge has been on the supply side with shortages of semiconductors on which we continue to work with the supply chain partners to deliver more units of the Magnite to delight the customers,” Mr. Srivastava noted.

Codexis Uptick Continues

Codexis, Inc. (CDXS) shares are gaining more than 23 percent on Friday morning trade, continuing an uptrend since the company revealed an amendment and extension of an agreement with Merck to license and supply a proprietary enzyme used in the manufacturing process for sitagliptin. There were no corporate announcements on the day to impact the stock movement.

Currently, shares are at $26.81, up 15.26 percent from the previous close of $23.26 on a volume of 1,370,044. For the 52-week period, the shares have traded in a range of $11.60-$30.45 on average volume of 316,984.

JD Wetherspoon FY21 Loss Widens On Weak Revenues; 9-week LFL Sales Down

Pub chain JD Wetherspoon plc (JDW.L) reported Friday that its fiscal 2021 loss before tax, on post-IFRS 16 basis, was 194.6 million pounds, wider than last year’s loss of 105.4 million pounds. Loss per share was 147.4 pence, compared to loss of 89.9 pence a year ago.

Adjusted loss before tax, on a post-IFRS 16 basis, was 167.2 million pounds, compared to loss of 44.7 million pounds last year. Adjusted loss per share was 119.2 pence, compared to loss of 35.5 pence a year ago.

Adjusted loss before tax, on a pre-IFRS 16 basis, was 154.7 million pounds, compared to 34.1 million pounds last year. Adjusted loss per share was 110.3 pence, compared to 27.6 pence last year.

Revenue declined 38.8 percent to 772.6 million pounds from 1.26 billion pounds a year ago. Like-for-like sales fell 38.4 percent.

Regarding the current trading, the company noted that like-for-like sales in the first nine weeks of the current financial year were 8.7 percent lower than the same weeks in August and September 2019, before the pandemic started. In the last four weeks of the period, like-for-like sales were minus 6.4 percent.

Excluding airport pubs, where like-for-like sales declined by 47.3 percent, like-for-like sales declined by 7.1 percent in the first nine weeks, and by 4.9 percent in the last four.