Black Rifle Coffee Co. (BRCC) reported earnings on Mon 5 May 25 (a/h)

BRC Inc. operates as a veteran-controlled, non-alcoholic beverage company that uniquely blends high-quality coffee production with military and firearms-themed merchandise.

• Sector: Consumer Defensive
• Industry: Packaged Foods
• Full Time Employees: 551
• Founded in 2014 
• HQ in Salt Lake City, Utah
• https://www.blackriflecoffee.com

IPO: February 10, 2022 via a merger with a special purpose acquisition company, or SPAC, affiliate of SilverBox Capital

ticker: BRCC

 ** charts after earnings **

SALT LAKE CITY--(BUSINESS WIRE)--BRC Inc. (NYSE: BRCC), a Veteran-founded, mission-driven premium beverage company, today announced financial results for the first quarter of fiscal year 2025.

• In Q1 2025, packaged coffee distribution increased by 12.2 percentage points to 50.2% ACV and Ready-to-Drink ("RTD") coffee distribution grew by 5.1 percentage points to 47.9% ACV compared to Q1 2024.
• Wholesale revenue declined 6.0% compared to Q1 2024, primarily due to the net reduction of $8.5 million in prior-year barter transaction revenue.
• Net loss was $7.8 million in Q1 2025, a decrease of $9.7 million compared to net income of $1.9 million in Q1 2024. Adjusted EBITDA was $0.9 million, down $11.6 million from $12.5 million in Q1 2024.

Atour Lifestyle (ATAT) : 2-year performance

A leading hospitality and lifestyle company in China, Atour's diverse portfolio of hotel brands focuses on midscale to luxury hotels. As of the end of 2023 (the last data available on the company's website), Atour operated 1,210 hotels across 198 cities in China. Plus, it had an additional 617 hotels and 62,689 rooms under development.

The company benefits from a young, loyal and growing customer base. With a business model structured to create a closed loop from lodging to retail, the company provides a personalized immersive shopping destination that guides guests from discovery to purchase.

• Sector: Consumer Cyclical
• Industry: Lodging
• Full Time Employees: 4,248
• incorporated in 2012 
• Headquartered in Shanghai, China
• https://ir.yaduo.com/

IPO: Fri 11 Nov 22

 

 

Snail (SNAL) : 2-year performance

Snail, Inc. is an independent developer and publisher of interactive digital entertainment. The firm builds a portfolio of games designed for use on a variety of platforms, including consoles, PCs, and mobile devices. Its portfolio of games includes ARK:Survival Evolved, Last Oasis, PixARK, ATLAS, ARKII, Expedition Agartha, ARK Park, Outlaws of the Old West, Dark and Light, and ZCREW. 

Snail, Inc. operates as a subsidiary of Olive Wood Global Development Limited.

• Sector: Communication Services
• Industry: Electronic Gaming & Multimedia
• Full Time Employees: 97
• Founded by Shi Hai in 2009 
• Headquartered in Culver City, California
• https://snail.com

 

 

 

U.S.-listed IPOs, annual deal count and value

The value of new U.S. stock listings has only ticked up modestly from 2022, when rapidly rising interest rates and COVID-related distortions in some industries depressed IPO activity.

As of December 31, 2024. Source: Bloomberg Finance L.P.

Visionary Holdings (GV) : 2-year performance

Visionary Holdings Inc. provides education resources to students worldwide. 

The company was formerly known as Visionary Education Technology Holdings Group Inc. and changed its name to Visionary Holdings Inc. in February 2024. 

• Sector: Consumer Defensive
• Industry: Education & Training Services
• Full Time Employees: 67
• Incorporated in 2013 
• Headquartered in Toronto, Canada
• https://visiongroupca.com

IPO: May 17, 2022; raised $17 million by selling 4,250,000 common shares at $4.00 per share.

Nuscale Power (SMR) : 2-year performance

NuScale Power is commercializing a safe, modular, and scalable 77 megawatt electric (gross) light water reactor nuclear power plant.

NuScale Power went public on May 3, 2022, after merging with Spring Valley Acquisition Corp. The company's stock started trading on the New York Stock Exchange under the ticker symbol "SMR". This made NuScale the first and only publicly traded provider of small modular reactor (SMR) technology. 

• Founded: 2007
• Headquarters: Corvallis, Oregon
• Employees: 330
• nuscalepower.com

 

 

Edible Garden (EDBL) : 2-year performance

Edible Garden AG, Inc. is a controlled environment agriculture (CEA) farming company, which engages in the usage of traditional agricultural growing techniques together with technology to grow organic food. Its products include lettuces, potted herbs, and cut herbs. 

• Sector: Consumer Defensive
• Industry: Farm Products
• Full Time Employees: 98
• Founded by James E. Kras and Michael C. James in 2020 
• Headquartered in New Jersey
• https://ediblegardenag.com

MicroCloud Hologram (HOLO) : 18-month performance

 MicroCloud Hologram Inc. is focused on holographic technology and quantum blockchain security.

• Sector: Technology
• Industry: Electronic Components
• Full Time Employees: 46
• Headquartered in Shenzhen, China
• https://www.mcholo.com

Grindr (GRND) began trading on the NYSE on Fri 18 Nov 22

Grindr, which launched in 2009, reported roughly 11 million daily users per day last year. Users sent a combined 260 million messages in that same period, and spent an average of 61 minutes per day on the app. In the same announcement, Grindr estimated the value of its "highly engaged user base in a large and untapped addressable market" at $4 billion.

• Grindr begins trading on NYSE today after completing business combination with Tiga Acquisition Corp. (TINV) 

 

 

Polestar (PSNY) began trading on the Nasdaq on Fri 24 June 22

• Polestar already has more than 55,000 vehicles on the road in China, Europe and the U.S. It has a factory up and running in China and an assembly line set to begin production later this year in a South Carolina factory shared with Volvo.
• Polestar began as a joint venture between Volvo Cars and its Chinese owner Zhejiang Geely in 2017.
• CEO Thomas Ingenlath

First day of trading, June 24, the EV maker’s shares ended the day at $13.00, up 15.8% .

So far, most SPAC mergers with electric vehicle companies haven’t worked out well for investors. Even the relatively more successful cases of Lucid Group, Fisker and Nikola are currently trading at 67%, 69% and 92% below their post-merger highs, respectively. EV truck maker Rivian, which went public via a traditional IPO, has also struggled. Its shares are down 84% from its post-IPO high.

Over the next three years, the company plans to add three vehicles to its current model, the compact Polestar 2 crossover built in China. The additions are a large SUV, the Polestar 3; a midsize crossover, the Polestar 4; and a large sedan, the Polestar 5, which is intended to serve as the brand’s flagship vehicle.

All will be fully electric and all will be offered in the U.S., Europe and China. Polestar plans to build its vehicles in all three regions.

Amprius Technologies (AMPX) began trading on the NYSE on Thu 15 Sep 22

Amprius Technologies, Inc. produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries for use in the aerospace, defense, and electric vehicle applications. 

• Sector(s): Industrials
• Industry: Electrical Equipment & Parts
• Full Time Employees: 46
• Incorporated in 2008
• Headquartered in Fremont, California
• https://amprius.com

Mobile Global Esports (MGAM) began trading on the Nasdaq on Fri 29 July 22

Mobile Global Esports, which is developing an esports platform for university competitions in India and South Asia, raised $6 million by offering 1.5 million shares at $4, the low end of the revised $4 to $5 range. It previously filed to offer 1.0 million shares at a range of $6.00 to $6.75 in May.

• Sector(s): Communication Services
• Industry: Electronic Gaming & Multimedia
• Full Time Employees: 25
• Headquartered in San Clemente, CA, with an operating subsidiary in Mumbai, India
• https://www.mogoesports.com

Bausch + Lomb (BLCO) began trading on the NYSE on Fri 6 May 22

 Bausch + Lomb is an eye health products company based in Laval, Quebec, Canada. It is one of the world's largest suppliers of contact lenses, lens care products, pharmaceuticals, intraocular lenses, and other eye surgery products.

Bausch + Lomb, the first of two businesses being spun out by Bausch Health Cos., was seen as a test of whether a stable, profitable business could help break the ice for dozens of companies waiting in the wings to go public.

Shares of the contact lens and eye-care company opened trading Friday at $18.50, after selling for $18 in the IPO. They closed at $20 in New York trading, giving the company a market value of $7 billion.

Bausch Health will get the proceeds from the IPO as the selling shareholder, according to filings with the U.S. Securities and Exchange Commission. Bausch Health had aimed to raise as much as $840 million at the top of the $21 to $24 price range.

CEO Moves

With the spinoff, Joseph Papa has moved from chief executive officer of Bausch Health to CEO and chairman of Bausch + Lomb. Thomas Appio has been appointed to replace him as the top executive at Bausch Health, according to a statement. Papa will remain chairman of Bausch Health.

In an effort to raise money to pay off tens of billions in debt on its books from that era, Bausch Health is also planning to spin off its Solta Medical skin-care unit. Bausch Health, which is keeping its core pharmaceutical operations, had about $23 billion in total debt as of Dec. 31.

Solta Spinoff

Solta submitted its IPO filing to the SEC in February but hasn’t moved ahead with proposed terms for its share sale. For the nine months ended Sept. 30, Solta had net income of $72.8 million on revenue of $219 million, according to its filing.

Bausch + Lomb, based in Vaughan, Ontario, reported $65 million in net income on $3.8 billion in revenue on a pro forma basis in 2021. In addition to contact lenses and solutions under brands including Ocuvite, PureVision and Biotrue, the company also makes ophthalmic pharmaceuticals for ailments such as glaucoma, as well as surgical tools and devices.

Bausch + Lomb’s offering is topped in the U.S. this year only by private equity firm TPG Inc.’s $1.1 billion listing in January, according to data compiled by Bloomberg.

TPG Inc. (TPG) began trading on the Nasdaq on Thur 13 Jan 22

• Holding some $109 billion in assets, Texas- and San Francisco-based TPG becomes the fifth-largest publicly traded private equity firm in the U.S. by assets, again behind Blackstone ($619 billion), Apollo ($481 billion), Carlyle ($256 billion) and KKR ($252 billion).
• Founded in 1992, TPG in November announced plans to go public and owns outsize stakes in talent agency CAA, Vice Media and Spotify. Its long-awaited debut breathes new life into private equity public listings amid a massive boom in buyout deals.

Sector(s): Financial Services

Industry: Asset Management

Full Time Employees: 1,850

https://www.tpg.com

 

Anghami (ANGH) began trading on the Nasdaq on Fri 4 Feb 22

Anghami is the first legal music streaming platform and digital distribution company in the Arab world. It launched in November 2011 in Lebanon, providing unlimited Arabic and international music to stream and download for offline mode. Wikipedia

• Founder(s): Eddy Maroun; Elie Habib
• Headquarters: Abu Dhabi, United Arab Emirates
• Founded: 2012 in Lebanon
• Sector(s): Communication Services
• Industry: Entertainment
• Rival: Spotify (SPOT)
• Full Time Employees: 107
• https://www.anghami.com

First Arab tech company listed on the Nasdaq

Business combination with Vistas Media Acquisition (NASDAQ: VMAC)

 

 

 

 Founders Eddy Maroun and Elie Habib