NVOS Overview

Financial Performance: Novo Integrated Sciences reported a revenue increase of 6% to $13.29 million for the fiscal year ending August 31, 2024, but also experienced a net loss of $16.17 million, up 22% from the previous year, primarily due to impairment of assets and increased operating costs.

Business Strategy: The company is focused on expanding its healthcare services and product offerings through a decentralized healthcare model that integrates technology and service networks, aiming to improve patient access and reduce healthcare costs.

Xperi Inc. Agreement: Xperi Inc. shares surged 11.6% in pre-market trading after announcing an $80 million asset sale agreement with Amazon.com services.

Stock Movements: Several stocks experienced significant pre-market gains, including Applied DNA Sciences (up 130%) and GeoVax Labs (up 56%), while others like Safe and Green Development Corporation saw declines of over 25%.

U.S. Stock Market Performance: U.S. stocks traded lower, with the S&P 500 down 0.2%, while energy shares fell by 0.7%. Applied Materials reported better-than-expected quarterly results but anticipates lower revenue for the next quarter.

Global Market Trends: European shares mostly rose, with the Eurozone recording a trade surplus of EUR 22.3 billion in June. Asian markets also closed higher, led by Japan's Nikkei 225, which jumped 3.64%.

Greenland Technologies Performance: Greenland Technologies Holding Corporation's shares surged 40.2% in pre-market trading after reporting a second-quarter EPS of 34 cents, significantly exceeding the analyst estimate of 4 cents, despite missing sales expectations.

Market Movements: Several stocks experienced notable changes in pre-market trading, with Cingulate Inc. rising 81.3% following a patent grant, while Shimmick Corporation saw a decline of 25.9% due to disappointing financial results.

Top Gainers: Notable pre-market stock movers include Tellurian, which surged over 66% due to a $900 million acquisition deal, and Serve Robotics, up over 60% after Nvidia acquired a stake in the company. Other significant gainers include Castellum, Netcapital, and Richtech Robotics.

Top Losers: Exicure experienced the largest drop, plummeting more than 24% following a previous rally, while other notable losers include Sentage, Sonoma Pharmaceuticals, and Novo Integrated Sciences, each falling around 14%.

Tellurian Inc. Acquisition: Tellurian Inc. shares surged 65% in pre-market trading following Woodside Energy's announcement of a $900 million all-cash acquisition deal, with an implied enterprise value of approximately $1.2 billion.

Other Pre-Market Movements: Several stocks experienced significant pre-market trading changes, including Netcapital Inc. (+43.8%), Serve Robotics Inc. (+36.8%), and Richtech Robotics Inc. (+29.2%), while Exicure, Inc. saw a notable decline of 23.4%.