Stock Gainers with News- EDSA, AIFF, PEV, and SYTA

February 13, 2025

DENVER, Colo., Feb 13, 2025 (247marketnews.com)- 24/7 Market News, a trusted source for real-time financial news and market analysis, highlights today’s most significant stock movers and breaking developments shaping the financial landscape.

Edesa Biotech (NASDAQ:EDSA) successfully completed a private placement offering raising $15.0 million in gross proceeds. Edesa sold an aggregate of 834 Series B-1 convertible preferred shares and 3,468,746 common shares. The purchase price for each Series B-1 Preferred Share was $10,000. The purchase price for each common share was $1.92.

Firefly Neuroscience (NASDAQ:AIFF) continues to follow through Tuesday’s announcement that it was accepted into the NVIDIA Connect program. Firefly plans to use these new tools and resources to help support a new strategic initiative to build a proprietary foundation model of the human brain. Firefly will trade over 90 million shares for the day and has a new 52-week high within its sights.

Phoenix Motor (NASDAQ:PEV) reported its third quarter 2024 financial and operational results. Phoenix Motor’s Q3 highlights include 1,557% revenue growth, from $0.18 million in Q3 2023 to $4.77 million. Gross profit surged to $1.12 million, from a slight gross loss in Q3 2023. Its Q3 net loss was $5.59 million, which was larger than the $2.71 million net loss in Q3 2023. Cash and cash equivalents grew from $31,000 at the end of 2023 to $0.3 million by September 30, 2024. Accounts receivable grew to $5.59 million from $0.45 million, signaling greater business activity and demand. Total equity improved substantially to $14.90 million, reversing from negative equity of $4.84 million at the end of 2023.

Denton Peng, Phoenix Motor’s CEO, stated, “Phoenix Motor’s strong revenue growth this quarter underscores the momentum we are building as we expand our market presence and execute on our strategic initiatives. The successful integration of our transit segment and key partnerships in AI and autonomous vehicle technology position us well for future opportunities. We are making meaningful progress in scaling our operations, enhancing innovation, and driving long-term value. With a growing demand for sustainable transportation solutions, we remain confident in Phoenix Motor’s ability to capture market share and advance our mission of electrifying the future.”

Siyata Mobile (NASDAQ:SYTA) announced a new order for its SD7 handsets and related accessories from a leading gaming and entertainment company in Canada. The customer operates dozens of gaming, entertainment, and hospitality venues across Canada. This marks a notable step for Siyata as it expands into the gaming and casino industry, which presents significant growth potential.

Marc Seelenfreund, Siyata’s CEO, stated, “This new order is an exciting milestone for Siyata as we expand further into the gaming and casino market. There is a growing industry trend toward modern, cellular-based communication solutions. Casinos require reliable, cost-effective, and easy-to-use communication tools with exceptional audio clarity, and our SD7 handsets and accessories are an ideal fit for those demands. This casino is replacing traditional Land Mobile Radio (LMR) two-way radios with advanced PoC technology for its security and maintenance personnel. The SD7’s robust capabilities, including instant push-to-talk functionality and superior coverage, make it an attractive choice for businesses prioritizing security and operational efficiency.”

Additionally, Siyata is setting up to host a “Value Creation Event”, and, assuming the event truly unveils a “Pivotal Corporate Milestone”, things could get very interesting, especially considering Siyata’s very low share count.

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