MKDW

U.S. Stock Market Performance: U.S. stocks saw significant gains, with the Dow Jones rising over 400 points, while Verizon reported better-than-expected fiscal results, contributing to positive market sentiment.

Sector Movements and Global Markets: Real estate shares increased by 1.7%, while Asian markets closed mostly higher; however, European shares showed mixed results, reflecting varied economic conditions across regions.

Calix, Inc. Financial Performance: Calix, Inc. shares surged 13.1% in pre-market trading after reporting first-quarter revenue of $220.24 million and adjusted earnings of 19 cents per share, both exceeding analyst expectations. The company also announced a $100 million increase in its stock buyback authorization.

Market Movements: Several stocks experienced significant pre-market trading fluctuations, with Gelteq Limited rising 329% and MKDWELL Tech Inc falling 43.5%. Other notable gainers included Standard Lithium Ltd and Mullen Automotive, while Outset Medical and National Energy Services Reunited Corp saw declines.

Share Offering Announcement: MKDWELL Tech Inc. has filed to sell 100 million ordinary shares for its holders, indicating a significant move in their capital strategy.

Recent Developments: The company has transferred its listing to the Nasdaq Capital Market, expanded share capital authorization, converted debt to equity, secured $10 million in private placement, and reached a standstill agreement with Streeterville Capital.

Financial Performance: MKDWELL Tech Inc. reported a significant decline in total revenues for the first half of 2024, dropping by 61.3% to $0.81 million compared to $2.10 million in the same period of 2023, alongside an increase in net loss to $1.73 million, up 77.8% year-on-year.

Operational Changes: The company terminated a key customer relationship due to pricing mismatches, leading to decreased sales and revenue; however, it aims to focus on business development and improving product quality following its recent Nasdaq listing and business combination with Cetus Capital.

Intuitive Machines Stock Surge: Intuitive Machines, Inc. shares rose 41.1% to $7.62 in pre-market trading after being awarded a NASA contract worth up to $4.82 billion for communication and navigation services.

Pre-Market Trading Movements: Several stocks experienced significant changes in pre-market trading, with Portage Biotech gaining 231% and Galmed Pharmaceuticals dropping 32.9%, reflecting volatility in the market.

Rumble Inc. Financial Results: Rumble Inc. shares rose 7.1% in pre-market trading after reporting second-quarter revenue of $22.5 million, exceeding expectations and showing a 27% sequential increase, despite a loss per share that was better than anticipated.

Stock Movements: Various stocks experienced significant movements in pre-market trading, with Vicinity Motor Corp. gaining 136.7% and Syros Pharmaceuticals, Inc. declining 56.4% following their respective announcements and financial results.