Blog Title: Stock Update: August 16, 2023

Introduction: Welcome to today’s stock update! In this blog post, we will be discussing the latest events and financial results of the stocks I own. We’ll explore the impressive growth of LiveOne’s Slacker Radio, Progressive’s July 2023 results, Kamada’s strong second quarter, Crown Crafts’ financial results for the first quarter of Fiscal 2024, and dLocal’s second quarter financial results. Let’s dive right in and see how these developments could impact the future performance of these stocks

Tesla Membership Surges, Positive Outlook for LiveOne (Nasdaq: LVO)

LiveOne, an award-winning music, entertainment, and technology platform, has experienced a significant increase in its membership records, thanks to new memberships associated with Tesla, its largest customer. This surge has resulted in a 47% increase in Tesla members compared to the previous year. The company has also raised its guidance for this year, projecting over 800,000 new paid members and a monthly Average Revenue Per User (ARPU) of $3 or more, totaling 4 million new members.

With a current cash position of $9 million and $27 million in short-term assets, LiveOne’s financials are in a strong position. Additionally, the company has expanded its buyback program, repurchasing 3.15 million shares to date, with a remaining capacity of $3.9 million for further repurchasing.

As an investor, this news presents a positive outlook for me. The increase in Tesla memberships indicates a growing customer base for LiveOne, which bodes well for the company’s future growth and revenue. With Tesla’s popularity in the electric vehicle market, this partnership can contribute significantly to LiveOne’s success.

The projection of 800,000+ new paid members this year demonstrates the company’s confidence in its ability to attract and retain customers. The expected ARPU of $3 or more per month further emphasizes the potential for increased revenue generation. These optimistic projections are an encouraging sign for investors.

With a healthy cash position and short-term assets, LiveOne is well-positioned to fund its growth strategies and capitalize on emerging opportunities. The expanded buyback program showcases the company’s commitment to returning value to shareholders.

Based on this positive news, I recommend considering buying LiveOne (Nasdaq: LVO) stock. The growing partnership with Tesla and the projected increase in membership indicate that LiveOne has a strong foothold in the music, entertainment, and technology industry.

Note: This blog post is not financial advice. It is important to conduct your own research and consult with a financial advisor before making any investment decisions.

The Progressive Corporation Continues to Make Strides in July 2023

The Progressive Corporation (NYSE:PGR), a leading insurance provider for personal and commercial vehicles, reported impressive results for July 2023. With a 21% increase in net premiums written and a 20% increase in net premiums earned compared to the previous year, the company continues its upward trajectory.

Despite a slight decrease in net income and per share availability to common shareholders, with 12% and 13% drops respectively, Progressive remains financially stable. It is worth noting that Total pretax net realized gains (losses) on securities experienced a significant decrease of 71% from the previous year.

Progressive’s personal lines business also showed encouraging growth. The number of policies in force for personal auto increased by 14%, reaching a total of 19,642.9, while special lines experienced a 7% surge. This overall increase in policies resulted in a 12% rise in total personal lines.

As an investor, I am pleased with Progressive’s consistent growth in the insurance market. The company’s commitment to providing accessible and convenient insurance options through multiple channels is commendable. Their innovative tools like Name Your Price®, Snapshot®, and HomeQuote Explorer®, which save customers time and money, contribute to their strong market position.

Considering the positive results and progressive approach of the company, I recommend buying Progressive Corporation stocks. With their steady growth and commitment to customer satisfaction, I am confident that Progressive will continue to achieve success in the insurance industry.

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Kamada Ltd. Reports Solid Second Quarter Results and Positive Outlook for the Future

Kamada Ltd. (NASDAQ: KMDA; TASE: KMDA.TA), a global biopharmaceutical company specializing in rare and serious conditions, announced financial results for the second quarter of 2023. The company reported revenues of $37.4 million, showing a significant 59% increase compared to the same period last year. Additionally, first-half revenues for 2023 reached $68.2 million, reflecting a promising 32% year-over-year growth. Kamada also reported an adjusted EBITDA of $9.9 million for the first six months of the year, up by 24% year-over-year.

The company’s positive outlook for the second half of 2023 supports their reiteration of fiscal year 2023 revenue guidance, which projects a range between $138 million and $146 million. Likewise, the adjusted EBITDA guidance for the same period stands at $22 million to $26 million.

Kamada recently extended its U.S. distribution agreement for KEDRAB® Rabies Immunoglobulin with Kedrion Biopharma until March 2026. This strategic partnership ensures a continued and expanded distribution of KEDRAB®, further contributing to Kamada’s growth.

The company also received positive scientific advice from the European Medicines Agency (EMA) regarding an ongoing pivotal inhaled AAT study. The EMA confirmed the study’s overall design and acknowledged positive results from a previously completed Phase 2/3 study. This development reaffirms Kamada’s commitment to research and innovation in the specialty plasma-derived field.

As a shareholder, I am excited about Kamada’s strong financial performance in the first half of 2023. The impressive year-over-year growth in revenues and adjusted EBITDA demonstrates the company’s ability to effectively leverage its diverse growth drivers.

Given the optimistic outlook for the second half of 2023, I recommend buying Kamada Ltd. stock. The company’s continued focus on research, strategic partnerships, and expanding market reach positions them for further success. Kamada’s commitment to rare and serious conditions positions them as a key player in the biopharmaceutical industry.

Positive developments such as the extension of the US distribution agreement with Kedrion Biopharma and the positive scientific advice from the EMA further bolster the company’s prospects. Investors should take advantage of Kamada’s growth trajectory and consider adding this stock to their portfolio.

Note: This blog post is not financial advice. Please conduct thorough research or consult with a financial advisor before making any investment decisions.

Crown Crafts Reports Increase in Net Sales for Q1 Fiscal Year 2024

Crown Crafts, Inc. (NASDAQ-CM: CRWS), a leading provider of baby and toddler products, recently released its results for the first quarter of fiscal year 2024. Despite ongoing macroeconomic challenges and higher costs, the company reported an increase in net sales and profitability.

During the first quarter, Crown Crafts achieved net sales of $17.1 million, representing a 9.0% increase compared to the same period last year. This growth can primarily be attributed to their acquisition of Manhattan Toy in March, which contributed $3.7 million to net sales. This acquisition has also provided Crown Crafts with the opportunity to diversify its product offerings and expand its distribution channels.

Olivia Elliott, the President and CEO of Crown Crafts, acknowledged the impact of inflationary pressures on consumer spending, resulting in lower-than-expected sales. Despite these challenges, the company managed to maintain profitability through effective cost control measures. Elliott expressed confidence in Crown Crafts’ ability to deliver profitable performance in the near-term, with even greater growth potential once the economic conditions improve.

Looking at the financials, gross profit as a percentage of net sales decreased from 32.8% in the first quarter of fiscal 2023 to 27.7% in the current quarter. This decline can be attributed to increased costs and inflationary pressures. Marketing and administrative expenses also rose to $4.0 million, primarily due to expenses related to the Manhattan Toy acquisition. Despite these headwinds, net income for the quarter stood at $366,000, or $0.04 per diluted share.

Considering the current situation, it may be prudent for investors to hold onto their Crown Crafts holdings. While the company has shown resilience in the face of challenges, the impact of inflation and higher costs cannot be ignored. It is advisable to closely monitor the company’s performance in the coming quarters and reassess the investment strategy accordingly.

Crown Crafts’ acquisition strategy seems to be paying off, and the integration of Manhattan Toy is expected to provide further financial benefits. The company believes that it is well-positioned to navigate through the ongoing challenges and capitalize on growth opportunities once the economic conditions improve. In the long-term, Crown Crafts’ diverse product offerings and expanding distribution channels should contribute to its overall success.

Overall, Crown Crafts’ Q1 results reflect the resilience of the company and its ability to adapt to challenging market conditions. While there are headwinds to consider, the acquisition of Manhattan Toy provides a positive outlook for the future. Investors should carefully monitor the company’s performance and make informed decisions based on evolving market conditions.

dLocal Reports Strong Second Quarter Results

dLocal Limited (“dLocal”) has announced its financial results for the second quarter ended June 30, 2023. The technology-first payments platform reported a total payment volume of US$4.4 billion, marking an 80% YoY increase, and a revenue of US$161 million, up 59% YoY.

With a net revenue retention rate of 148%, dLocal’s gross profit reached US$71 million, up 43% YoY. Adjusted EBITDA also saw positive growth, reaching US$52 million, a 36% YoY increase.

dLocal attributes its success to its cutting-edge technology, wide geographic reach, and sales execution. The company focuses on long-term profitable growth and its commitment to providing the best payments ecosystem in emerging markets through its One dLocal model.

The strong performance can be seen in the increased traction with the platform solution, particularly from marketplaces. Local-to-local volume has also grown significantly, showcasing the success and reliability of this solution. Brazil, as the first market for dLocal in 2016, has seen exceptional growth, underscoring the quality of their offering and their ability to gain market share.

Overall, dLocal’s quarterly results reflect the company’s ability to capitalize on attractive growth opportunities and deliver exceptional value to its merchants. As a result, it is recommended to consider buying stocks in dLocal based on the positive outlook and strong performance demonstrated in the second quarter.

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