Life360 (LIF) reported earnings on Mon 12 May 25 (a/h)

 Life360 provides technology for tracking family, pets and valuables. The company sells Tile-brand tracking devices.

• Sector: Technology
• Industry: Software - Application
• Full Time Employees: 455
• Incorporated in 2007
• Headquartered in San Mateo, California
• https://intl.life360.com 

ticker: LIF

 ** charts after earnings **

ticker: LIF

IPO: June 6, 2024

Life360 (LIF) — a provider of tracking services for family, pets and valuables — late Monday beat Wall Street's revenue estimate for the first quarter but came up short on total users. Its full-year sales guidance also was light. Life360 stock fell in extended trading.

The San Mateo, Calif.-based company said it earned 5 cents a share on sales of $103.6 million in the March quarter. In the year-earlier period, it lost 14 cents a share on sales of $78.2 million. Analysts polled by FactSet had expected sales of $101.4 million in the first quarter.

Life360 ended the period with 83.7 million global monthly active users, up 26% year over year. However, analysts were expecting 84.5 million.

The company also added 137,000 accounts to its subscription offering, ending the period with 2.4 million Paying Circles worldwide. A Paying Circle is a group of Life360 members with a paying subscription.

Life360 describes itself as a "family connection and safety company." It sells Tile-brand tracking devices and subscription services for families to keep track of loved ones and valuable items like purses, wallets, car keys and bikes.

Wellchange (WCT) : 6-month performance

Wellchange Holdings Co. Ltd. is a holding company, which engages in the provision of enterprise software solution services. It provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) services, and white-labelled software design and development services. 

• Sector: Technology
• Industry: Software - Application
• Full Time Employees: 7
• Founded in 2011 
• Headquartered in Cheung Sha Wan, Hong Kong
• https://www.wchingtech.com

Icon Energy (ICON) : 6-month performance

Icon Energy Corp. engages in the ocean transportation of dry bulk cargoes worldwide. 

Icon Energy is a subsidiary of Atlantis Holding Corp.

• Sector: Industrials
• Industry: Marine Shipping
• Incorporated in 2023 
• Based in Athens, Greece
• https://www.icon-nrg.com

IPO: July 12, 24; 1,250,000 shares at $4.00 per share.

Baird Medical (BDMD) : 3-month performance

Baird Medical Investment Holdings Limited, together with its subsidiaries develops and sells microwave ablation medical devices for minimally invasive tumor treatment in China. The company's medical devices are used for treatment of benign and malignant tumors, including thyroid nodules, liver cancer, lung cancer, and breast lumps. 

• Sector: Healthcare
• Industry: Medical Devices
• Full Time Employees: 148
• Founded in 2012 
• Headquartered in Guangzhou, China
• https://www.bairdmed.com

IPO: October 2, 2024 via a merger vith ExcelFin Acquisition Corp. (NASDAQ: XFIN).

NetClass Technology (NTCL) : 1-month performance

NetClass Technology Inc, through its subsidiaries, offers IT solutions to schools, corporations, other institutions, and corporate customers in the People's Republic of China. 

NetClass Technology Inc operates as a subsidiary of Dragonsoft Holding Limited.

• Sector: Technology
• Industry: Software - Application
• Founded: 2022
• HQ:  Shanghai, China
• Employees: 31
• Website: netclass.cn

MBX Biosciences (MBX) : 3-month performance

MBX Biosciences, Inc. is a clinical-stage biopharmaceutical company, which engages in the discovery and development of peptide therapies for the treatment of endocrine and metabolic disorders. Its product candidates and programs include MBX 2109, MBX 1416, and obesity portfolio. 

• Sector: Healthcare
• Industry: Biotechnology
• Full Time Employees: 38
• Founded by Peter Kent Hawryluk and Richard D. DiMarchi in August 2018
• Headquartered in Carmel, Indiana
• https://mbxbio.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.

zSpace (ZSPC) began trading on the Nasdaq on Thur 5 Dec 24

zSpace, Inc. engages in the provision of augmented reality (AR) and virtual reality (VR) educational technology solutions. It offers platform that serves a broad range of critical educational tools designed for K-12 science, technology, engineering and math (STEM) lessons as well as training skilled trades in areas such as health sciences, automotive engineering and repair, Unity3D software programming, and advanced manufacturing. 

Founded by Nancy Clemens and Michael Vesely on October 26, 2006

Headquartered in San Jose, CA

https://zspace.com/

reAlpha Tech (AIRE): 1-year performance

reAlpha is a real estate technology company that launched GENA, a technology that uses AI to enhance property listings on online real estate marketplaces.

The company was formerly known as eAlpha Asset Management, Inc. and changed its name to reAlpha Tech Corp. in March 2023. 

• Sector: Real Estate
• Industry: Real Estate Services
• Full Time Employees: 7
• Founded by Giri Devanur in 2020
• Headquartered in Dublin, Ohio
• https://www.realpha.com

 

 

 reAlpha Tech Corp.'s first day of trading on the Nasdaq Capital Market was Monday, October 23, 2023. The stock opened at $23.01. On its first day, reAlpha's stock spiked by more than 1,600%, but then lost two-thirds of that gain in after-hours trading.

Health In Tech (HIT) began trading on the Nasdaq on Mon 23 Dec 24

Health In Tech is an insurtech platform company backed by third-party AI technology.

• Sector: Technology
• Industry: Software - Application
• Full Time Employees: 72
• Founded in 1964 
• Based in Stuart, Florida
• https://healthintech.com

Health In Tech closed its initial public offering of 2,300,000 shares of its Class A common stock at a public offering price of $4.00 per share, for gross proceeds of $9,200,000.

 

Orangekloud Technology (ORKT) : 5-month performance

Orangekloud Technology Inc., an investment holding company, provides enterprise application development services in Singapore, Indonesia, Malaysia, the United States, and internationally. It offers eMOBIQ platform, a No-Code rapid mobile application development platform for SMEs and organizations to design, build, and implement enterprise-grade custom applications with no coding required.

• Sector: Technology
• Industry: Software - Application
• Full Time Employees: 58
• Incorporated in 2023 
• Headquartered in Singapore
• https://orangekloud.com

IPO 25 July 2024:  2,750,000 Class A Ordinary Shares at a price of $4.75 per share, for a total of approximately US$13.1 million of gross proceeds.

1 month later

Jupiter Neurosciences (JUNS) began trading on the Nasdaq on Tue 3 Dec 24

Jupiter Neurosciences, Inc., a clinical stage research and development pharmaceutical company, develops resveratrol platform products primarily for the treatment of neuroinflammation. It is developing JNS101, which is in Phase II trial for the treatment of Friedreich's Ataxia, a rare inherited disease that causes damage to the nervous system, as well as mobility dysfunctions; and JNS108 that is in Phase II trial for treating mild cognitive impairment/early Alzheimer's disease. 

The company was formerly known as Jupiter Orphan Therapeutics, Inc. and changed its name to Jupiter Neurosciences, Inc. in August 2021.

• Sector: Healthcare
• Industry: Biotechnology
• Full Time Employees: 4
• Incorporated in 2015 
• Headquartered in Jupiter, Florida
• https://jupiterneurosciences.com/

Ticker: JUNS

 

One and two weeks later:

Wing Yip Food (WYHG) began trading on the Nasdaq on Tue 26 Nov 24

Wing Yip Food Holdings Group Ltd. is a holding company. It engages in the business of processing, selling, and distributing cured meat products including cured pork sausages, cured pork meat, and other cured meat products such as cured chicken, cured duck, and cured fish; snack products including ready-to-eat sausages, jerky, duck necks, duck feet, and clay pot rice; and frozen meat products including frozen sausages, frozen beef patties, and frozen chicken breast fillets. The company was 

• Sector: Consumer Defensive
• Industry: Packaged Foods
• Founded on April 24, 2015 
• Headquartered in Zhongshan, China
• https://wingyip-food.com

Unusual Machines (UMAC) : 10-month performance

Unusual Machines, Inc. designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. 

The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc. in July 2022. 

• Founded on July 11, 2019
• Headquartered in Orlando, Florida
• https://www.unusualmachines.com

IPO of 1,250,000 shares of common stock at $4.00 per share on February 14, 2024

 

Star Fashion Culture (STFS) began trading on the Nasdaq on Fri 11 Oct 24

Star Fashion Culture Holdings Limited provides content marketing solutions services in the People's Republic of China. It offers marketing campaign planning and execution services; offline advertising services; and online precision marketing services. 

• Founded in 2015 
• Based in Xiamen, the People's Republic of China.
• Employees 17
• Website xmxingji.com

ServiceTitan (TTAN) began trading on the Nasdaq on Thur 12 Dec 24

ServiceTitan is an American cloud-based software company headquartered in Glendale, California. It provides customer relationship management software for tradespersons, with applications focused on sales, customer service, marketing automation, e-commerce and analytics.

• Founded: 2012
• Employees: 2,870
• Website: servicetitan.com

ServiceTitan targets businesses in plumbing, landscaping, electrical and other trades, with software for managing sales leads, recording calls, generating quotes and scheduling jobs. As of Jan. 31, it had about 8,000 customers with more than $10,000 in annualized billings.

Ara Mahdessian, CEO and co-founder of ServiceTitan, and Vahe Kuzoyan, president and co-founder of ServiceTitan, attend the company’s IPO at the Nasdaq Market in New York City, U.S., December 12, 2024.  / Brendan Mcdermid | Reuters

ServiceTitan’s IPO is notable because few tech companies have taken the leap into the public market since late 2021, when rising interest rates and soaring inflation pushed investors out of risky assets. ServiceTitan is the first significant venture-backed tech company to go public since Rubrik’s (RBRK) debut in April. A month before that, Reddit (RDDT) started trading on the New York Stock Exchange.

 

Zeo Energy (ZEO) : 9-month performance

Zeo Energy Corp. is a vertically integrated provider of residential solar energy systems, other energy efficient equipment, and related services.

• Sector: Technology
• Industry: Solar
• Founded in 2005 
• Headquartered in New Port Richey, Florida
• https://zeoenergy.com

Merged with ESGEN Acquisition Corp. ("ESGEN")

About ESGEN Acquisition Corp.

ESGEN was a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. ESGEN was led by Chief Executive Officer, Andrejka Bernatova and Chief Financial Officer, Nader Daylami, and was affiliated with Energy Spectrum Capital, a Dallas-based private investment firm with long-standing experience building companies across the energy infrastructure landscape over multiple decades.

 

===ZenaTech (ZENA) began trading on the Nasdaq on Tue 1 Oct 24

Founded: 2017

Headquarters: Toronto, Ontario, Canada

Website: zenatech.com

Employees: 11

Oct2: ZenaTech announced that its subsidiary company, ZenaDrone, has been granted an exemption by the Federal Aviation Authority for visual line-of-sight commercial applications and data collection in the United States, subject to specified conditions and limitations

• This approval enables live testing and evaluation of the ZenaDrone 1000 product with US-based partners and potential customers, and live demonstration of the product's capabilities may commence at US drone tradeshow and exhibit events.
• The ZenaDrone 1000 is an autonomous drone product designed for stable flight, maneuverability, heavy lift capabilities, incorporating innovative software technology, AI, sensors, and purpose-built attachments, along with compact and rugged hardware engineered for industrial use. Currently, it is in use by farmers in Ireland enabling smart farming, plant tracking, and crop management, and it has been piloted in the field with the US military for delivery of temperature-controlled critical medical supplies.

ZenaTech announced that it will pursue a series of acquisitions to launch its Drone-as-a-Service (DaaS) operations. These acquisitions have the potential to dramatically increase company revenue and will underpin its Drone-as-a-Service (DaaS) business by integrating ZenaDrone's drone technology into the target company operations.

Septerna (SEPN) began trading on the Nasdaq on Fri 25 Oct 24

Septerna, Inc., a clinical-stage biotechnology company, discovers and develops G protein-coupled receptor (GPCR) oral small molecule products candidates for the treatment of endocrinology, immunology and inflammation, and metabolic diseases. 

Septerna was formerly known as GPCR NewCo, Inc. and changed its name to Septerna Inc. in June 2021.

• Sector(s): Healthcare
• Industry: Biotechnology
• Full Time Employees: 68
• Incorporated in 2019 
• Headquartered in South San Francisco, California
• https://septerna.com

Septerna opened at $23.50 after pricing 16.0 mln share IPO at $18/share, above the $15-17 expected range

Septerna, a clinical-stage pharmaceutical company with an initial focus on rare endocrine diseases, draws strong interest for its IPO

• After pricing its upsized 16.0 mln share IPO at $18, above the $15-$17 expected price range, Septerna (SEPN) opened for trading at $23.50, good for a 31% opening gain. 
• The company has developed a proprietary "Native Complex Platform" that it believes will usher in a new era of G protein-coupled receptor (GPCR) oral small molecule drug discovery. GPCRs are a family of cell membrane receptors that regulate physiological processes in nearly every organ system in the human body.
• Its lead product candidate is SEP-876, which is currently in Phase 1 studies and being evaluated for the treatment of Hypoparathyroidism -- a rare endocrine disease characterized by insufficient levels of parathyroid hormone that affects approximately 70,000 patients in the United States. The company expects to report data on the trial in mid-2025.
• Including the proceeds from this offering, SEPN has approximately $400.0 mln in cash and cash equivalents. SEPN believes that it will have enough capital to fund its operations and clinical trials into 2H27.