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Vinco Ventures (NASDAQ: BBIG) announce their record and distribution date for Cryptyde (NASDAQ: TYDE) after the market closed on Thursday. May 18, 2022 is that date. Each Vinco stockholder of record as of the close of business on May 18, 2022 will receive, on the distribution date, one share of Cryptyde common stock for every 10 shares of Vinco common stock held. The share dividend is expected to be distributed to Vinco stockholders on or about May 27, 2022. Following the separation, Vinco stockholders will also receive cash in lieu of any fractional shares of Cryptyde common stock that those…

Block Inc, (NYSE: SQ) reported its Q1 results for the fiscal year 2022 after the market closed on Thursday. The company reported a gross revenue of $1.29 billion (up 34% YOY) with a net loss of -$204 million. The stock was up 6% during after hours following the announcement after closing at -10% during the normal trading hours. Financial highlights: The company generated gross profit of $1.29 billion, up 34% year over year. Cash App generated gross profit of $624 million, up 26% year over year. Square generated gross profit of $661 million, up 41% year over year. On January…

Virgin Galactic Holdings, Inc. (NYSE: SPCE) reported its Q1 results for the fiscal year 2022 after the market closed on Thursday. The company reported a net loss of $93M for Q1, compared to $130M loss the previous year. The company expects to have $80 million to $90 million of free cash flow in the second quarter of 2022. GAAP selling, general, and administrative expenses were $37M vs. $43M a year ago. GAAP research and development expenses were $52M vs. $35M a year ago. The California based space company highlighted, Demand for Tickets Remains Strong, with Approximately 800 Future Astronaut Reservations.VSS…

Lyft (NASDAQ: LYFT) announced its first-quarter results for FY22 after the market closed on Tuesday. The company reported a revenue of $875 million and an a net loss EPS of -$0.57 per share. Their net revenue was a loss of $114.1 million for the first quarter. Shares sunk 25% during after hours following the announcement. Estimates: EPS: -$0.57 per share vs -$0.10 per share expectedRevenue: $875 Million vs $845 million expected First Quarter 2022 Financial Highlights Lyft reported Q1 revenue of $875.6 million versus $609.0 million in the first quarter of 2021, an increase of 44 percent year-over-year, and versus…

Spirit Airlines (NYSE: SAVE) on Monday sinked after rejecting JetBlue’s offer of $33-per-share. The reason given by the board was that it had a low likelihood of winning approval from government regulators. JetBlue responded by enhancing its offer – but not its $33 per share price – and promising a $200 million reverse break-up fee – or $1.80 per Spirit share – if the deal does not go through for antitrust reasons. JetBlue’s offer is significantly higher than the current $22.44 per share value of the cash and stock bid from Frontier made in February. Frontier and JetBlue are in…

Redbox Entertainment (NASDAQ: RDBX) is up 17% during pre-market hours on Monday after it skyrocketed 69% in its previous session. In a recent filing, the company disclosed that it has received access to line of credit worth $50 million, as part of a restructured “Voting and Support Agreement” with HPS Investment Partners. Redbox also recently announced that their CFO Kavita Suthar will step down after underperforming in 2021. She joined Redbox in 2015, became CFO in 2020 and played an integral role in navigating the Company’s successful SPAC merger and public listing in 2021. Mitchell Cohen, who has served as…

Beyond Meat Inc (NASDAQ: BYND) stock jumped as much as 33% during intra-day trading, then shedding most of its gains on Wednesday; following a report that suggested McPlant will become a permanent menu item at McDonald’s (NYSE: MCD). The world’s most popular fast food chain reported this citing a panel discussion, “We are confident this product will stay in restaurants. This is not a fad. It’s a product that is going to continue to grow.”Morgan Flatley, McDonald’s global chief marketing officer Shortly after the issue went viral and the stock jumped, McDonald’s issued a statement saying the Fast Food Company’s…

General Motors (NYSE: GM) reported its Q1 results for FY22 after the market closed on Tuesday. Profits have dipped due to rising costs and supply chain issues. The Detroit based company reported a revenue of $35.98 billion and an EPS of $2.09, falling short on revenue expectations but beating it on the EPS. Estimate EPS: $2.09 vs $1.68 expectedRevenue: $35.98 billion vs $37.01 billion expected 2022 Guidance Full-year EPS-diluted of between $5.76 and $6.76, and EPS-diluted-adjusted of between $6.50 and $7.50.Full-year net income of between $9.6 billion and $11.2 billion, and EBIT-adjusted of between $13.0 billion and $15.0 billion. In a letter to the shareholders GM said its primary focus is to make EV…

Hycroft Mining Holding Corporation (NASDAQ: HYMC) reported its preliminary Q1 results for the fiscal year 2022. The Nevada based company said it produced 5358 oz of Gold and 16861 oz of Silver during Q1 that were in-line with the forecast. It also said that it had more than $172 million cash at its disposal. The report also said that the company has initiated work to conduct a robust exploration program during 2022 as it follows up on previous disclosures. 2021 Highlights Safety: Hycroft’s safety performance continues to improve with a 0.29 Total Recordable Injury Frequency Rate (TRIFR) at March 31,…

Chipotle (NYSE: CMG) posted its first-quarter results for the fiscal year 2022 after the market closed on Tuesday. The California based company reported a revenue of $2.02 billion and EPS of $5.70, beating WallStreet estimates. The company’s net revenue is up 16.0% compared to the first quarter of 2021. While in-restaurant sales increased 33.1%, digital sales jumped accounted for 41.9 percent of total food and beverage revenue. All of this was achieved despite rising inflation. Shares went up 0.4% following the announcement. Revenue Estimates Revenue: $2.02 billion versus $2.01 billion expectedEarnings per share (EPS): $5.70 versus $5.67 expectedU.S. same-store sales: 9.0% versus 7.86%…