There are couple of reason for today’s surge in share prices of Dataram Corporation (NASDAQ:DRAM). First, The NASDAQ Stock Market LLC (“NASDAQ”) informed the company that it had regained compliance with the requirements for continued listing on The NASDAQ Capital Market. However, what added fuel to the fire was an uncompensated investors awareness newsletter initiated by http://activemarketinsider.com/ that sent the share prices surging.
Dataram Corporation (NASDAQ:DRAM) opened at $1.55 and soon went on to hit $1.93 and closed the day at $1.63 with more than 610K shares exchanging hands today. The Company’s securities will continue to be listed on The NASDAQ Capital Market and the listing qualifications deficiency previously disclosed by the Company has been removed. Earlier, the company had reported its Earnings Q1, 2015.
As per the press release, here are the key highlights ( source: http://www.capitalcube.com/blog/index.php/dataram-corp-earnings-q1-2015/)
Highlights
- Summary numbers: Revenues of USD 7.34 million, Net Earnings of USD -0.12 million, and Earnings per Share (EPS) of USD -0.06.
- Gross margins widened from 14.02% to 18.39% compared to the same quarter last year, operating (EBITDA) margins now -0.42% from -6.91%.
- Year-on-year change in operating cash flow of -207.61% is about the same as the change in earnings, likely no significant movement in accruals or reserves.
- Earnings growth from operating margin improvements as well as one-time items.
On August 20, 2015, Dataram Corporation was notified by the Listing Qualifications Department of The NASDAQ Stock Market LLC (“NASDAQ”) that, based upon the financial statements contained within the Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2015 (the “Filing”), the Company did not meet the applicable $2,500,000 stockholders’ equity requirement (the “Rule”) for continued listing on The NASDAQ Capital Market.
It will be interesting to see if http://activemarketinsider.com/ continues its coverage on Dataram Corporation (NASDAQ:DRAM) and whether the excitement from the trading community prevails.
