DMN

WaFd, Inc. Earnings Report: WaFd, Inc. shares rose 6.4% in pre-market trading after reporting a second-quarter GAAP EPS of 65 cents, exceeding estimates of 58 cents, with sales of $179.79 million surpassing expectations of $157.81 million.

Pre-Market Stock Movements: Several stocks experienced significant changes in pre-market trading, with notable gainers including Sharps Technology (up 73.6%) and Classover Holdings (up 61.2%), while Culp, Inc. saw a sharp decline of 56.2%.

U.S. Stock Market Performance: U.S. stocks fell significantly, with the Dow Jones dropping over 800 points and other indices like NASDAQ and S&P 500 also experiencing declines, while consumer staples saw a slight increase.

Inflation and Economic Indicators: The annual inflation rate in the U.S. decreased to 2.4% in March, marking its lowest level since September, alongside a rise in initial jobless claims by 4,000 to 223,000 for the first week of April.

Company Presentation Announcement: Damon Inc. will present at the Planet Microcap Showcase in Las Vegas on April 23, 2025, and will also hold one-on-one investor meetings during the conference.

Business Overview: Damon Inc. focuses on electric motorcycles and personal mobility products, aiming to capture a significant share of the $40 billion global electric two-wheeler market by 2030 through innovative technology and strategic partnerships.

Market Reaction to Tariff Pause: U.S. stock futures declined on Thursday following a significant rally on Wednesday, attributed to President Trump's announcement of a 90-day tariff pause for non-retaliating nations, which had led to major gains in the stock market.

Upcoming Economic Indicators: Investors are closely monitoring upcoming economic data, including the Consumer Price Index and jobless claims, as Federal Reserve officials signal no immediate rush to lower interest rates amidst ongoing inflation concerns.

ReShape Lifesciences Partnership: Shares of ReShape Lifesciences Inc. surged 82.2% in pre-market trading following their announcement of a partnership with Motion Informatics to exclusively import and distribute neuromuscular rehabilitation devices in the US.

Market Movements: Several stocks experienced significant changes in pre-market trading, with Wheeler Real Estate Investment Trust rising 111.7%, while Rithm Property Trust saw a decline of 55.7%.

Strategic Collaboration: Damon Inc. has partnered with Engines Engineering to accelerate the development and validation of its HyperSport Race electric motorcycle, utilizing MotoGP expertise for a capital-efficient product development approach.

Business Growth Strategy: This collaboration is part of Damon's updated strategic plan, Damon 2.0, which aims to create multiple revenue streams in the personal mobility sector while focusing on sustainable transportation solutions and advanced technology integration.

Market Performance: U.S. stocks opened lower with the Nasdaq Composite dropping over 300 points, while energy shares rose by 1.1%. The Chicago PMI increased to 47.6 in March, surpassing market expectations.

Stock Movements: iCoreConnect Inc. and Corcept Therapeutics saw significant gains of 148% and 83%, respectively, while Damon Inc. and Vaxcyte, Inc. experienced sharp declines of 52% and 53%. European and Asian markets also closed lower.

Xos, Inc. Performance: Xos, Inc. shares rose 9% in pre-market trading after reporting a revenue increase to $56 million for 2024, up from $44.5 million in 2023, alongside improved gross margins and unit deliveries.

Market Movements: Several stocks experienced significant pre-market trading changes, with Treasure Global Inc. gaining 75.3% and Damon Inc. falling 48.3%, reflecting a mix of gains and losses across various companies.

Transaction Overview: Damon Inc. has successfully closed a public offering of 126.9 million units at $0.13 each, raising approximately $16.5 million to support its growth strategy in the electric motorcycle and personal mobility market.

Future Growth Plans: The funds will enhance Damon's balance sheet and enable the company to pursue multiple revenue streams through innovative technologies and strategic partnerships, aiming to capture a significant share of the $40 billion global electric two-wheeler market by 2030.

U.S. Stock Market Performance: U.S. stocks declined with the Dow, Nasdaq, and S&P 500 all experiencing drops; notable movements included a 6% fall in Micron Technology shares despite reporting better-than-expected revenue and earnings.

Sector Movements and Global Markets: Communication services saw a slight increase while materials shares fell; European and Asian markets mostly closed lower, with Japan's Nikkei and China's Shanghai Composite both declining significantly.

U.S. Stock Market Performance: U.S. stocks opened lower, with the Dow Jones dropping over 400 points, while Nike's shares fell 8% despite reporting better-than-expected third-quarter revenue.

Global Market Trends: European and Asian markets also experienced declines, with most indices falling, while commodities like oil and gold saw slight decreases in price.

Ouster, Inc. Financial Results: Ouster, Inc. shares rose 7.5% in pre-market trading after reporting a fourth-quarter loss of 48 cents per share, which was better than the expected 59 cents loss, alongside sales of $30.092 million exceeding estimates.

Pre-Market Stock Movements: Several stocks experienced significant changes in pre-market trading, with Impact BioMedical gaining 119.2%, while Damon Inc. fell 67.2% following its public offering announcement.

Public Offering Announcement: Damon Inc. has priced its public offering of 126,900,000 units at $0.13 per unit, aiming to raise approximately $16.5 million for working capital and corporate purposes, with the offering expected to close on March 21, 2025.

Company Overview: Damon Inc. focuses on developing electric motorcycles and personal mobility products, leveraging AI-driven safety systems and strategic partnerships to capture a significant share of the global electric two-wheeler market by 2030.

Maxim Group's Role: Maxim Group is serving as the sole book-running manager for a financial transaction.

Damon Inc. Financial Update: Damon Inc. has reduced its debt through a securities purchase agreement and reported a Q2 EPS of $2.51, an improvement from a loss of $2.76 in the previous year.

Intel's New CEO Announcement: Intel Corporation's shares rose 10.6% in pre-market trading following the announcement of Lip-Bu Tan as the new CEO, effective March 18, succeeding Interim Co-CEOs David Zinsner and Michelle Johnston Holthaus.

Stock Movements: Various stocks experienced significant changes in pre-market trading, with Damon Inc. gaining 34% and Aditxt Inc. falling 39.1% after announcing a reverse stock split.

Lattice Semiconductor Performance: Lattice Semiconductor's shares rose 14.7% in pre-market trading after reporting fourth-quarter earnings of 15 cents per share, which missed estimates, but revenue of $117.41 million exceeded expectations.

Market Movements: Several stocks saw significant pre-market movements, with Ocean Biomedical gaining 86%, while Fluence Energy fell 35% following disappointing financial results.