NASDAQ : $GOOG Split Lands With a Thud in Worry-Filled Market

 

(Bloomberg) -- Even for Alphabet Inc., financial gimmickry is no match for the power of the bear market.

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The Google parent’s shares sank 2.5% on Monday, the first day of trading after a 20-for-1 split that brought its stock price down to the $100 range from more than $2,000. It’s lagging behind the Nasdaq 100 Stock Index this week and has fallen nearly 20% since the split was announced Feb. 1.

It’s not alone. Of the four companies in the S&P North American Technology Index that split their stocks this year, none of them have gained appreciably since announcing the plans. Amazon.com Inc. has fallen 10% since declaring its split in March. Canadian e-commerce company Shopify has fallen 36% and cybersecurity company Fortinet Inc. is up about 3%.

© BloombergAlphabet shares have fallen more than 15% since reporting plans to split

The lackluster performances are a far cry from the heady days of 2020 when Apple Inc. and Tesla Inc. helped revive the practice after their stocks surged to records in the months after annoucning the plans. In the following year, there were five splits in the S&P 500, compared with just two in 2019, according to data compiled by Bloomberg.

The aim of a stock split is simple: bring down the cost to purchase a share so that more retail investors can afford it and spreading the company’s equity over a larger number of shares. Some investors, however, tended to view the decision by a company to split it stock as a positive cue.  

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“A split of a very popular tech company is seen as a way to bring in the retail investor at a time when institutions aren’t buying with slowing economic growth, inflation and higher costs,” said Phil Blancato, chief executive officer of Ladenburg Thalmann Asset Management. “Institutions are not buyers here, they’re sellers and I think they’re seeing the split as a sign of weakness.”

It’s not just splits in the technology sector that have fallen flat. Medical-device maker Dexcom Inc. has dropped 27% since announcing its split in March. Of the five companies in the S&P 500 Index that have split their stocks this year, only insurance company WR Berkley Corp. has seen its shares advance more than 5%.

The jump in retail trading volume during the Covid-19 pandemic offered a compelling reason for companies to reduce their stock prices. So far, the splits appear to have been effective at attracting more mom-and-pop investors but it hasn’t been enough to overcome selling pressure. Retail trader order volume as a percentage of total market volume has jumped to 14.5% for Amazon this month, compared with 3.8% a year ago, estimates compiled by JPMorgan Chase & Co. show. For Alphabet, retail traders’ share of volume is at 8.2%, compared with 2.8% a year ago.

Despite poor post-split performance, companies don’t appear to be deterred. Tesla last month said it’s seeking shareholder approval for a 3-for-1 split in the form of a stock dividend after initially raising the prospect in March, less than two years after completing its 5-for-1 split. 

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Market Movers Friday - $GME $TWTR $SNAP and More

 Stock future were wavering Friday and the tech sector was weaker as investors remained focused on corporate earnings against a backdrop of ongoing concerns around inflation and the risk of recession.

Here are some stocks moving in premarket trading Friday.

Snap SNAP +5.42%  (ticker: SNAP) shares dropped 29.5% premarket trading after reporting slower revenue growth. Other social media stocks, such as Meta Platforms META +0.04%  (META), and Alphabet GOOGL +0.39%   (GOOGL), the parent of Google, declined.

Twitter TWTR –0.20%  (TWTR) was down 2.5% ahead of its earnings report and after Snap reported slower growth.GameStop GME –12.10%  (GME) begins trading Friday following its 4-for-1 stock split. The shares were rising 2.6% to $39.35.

Seagate Technology (STX), the disk-drive company, dropped 11.6% after its fiscal fourth-quarter earnings and sales missed Wall Street expectations, and offered weak guidance for the current quarter.

American Express (AXP) raised its revenue forecast for the full year as spending on its network soared. The stock gained 4.4%.

Schlumberger (SLB) raised its full-year sales forecast amid steady growth in exploration for oil and gas. The stock rose 2%.

Boston Beer (SAM) cut earnings guidance for the full year because of reduced demand for hard seltzer and the stock dropped 8.8%.

Mattel (MAT) shares fell 1.4% after the toy maker posted a quarterly profit that beat analysts’ expectations but margins declined because of inflation and supply-chain costs.

Intuitive Surgical (ISRG) fell 12% early Friday after second-quarter earnings and revenue missed analysts’ estimates.

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Facebook is rolling out an update that enables its 2 billion daily users $META

 

The new feature is the company’s latest attempt to keep people coming back to its social network amid intensifying competition with its trendier rival TikTok.

After clicking on the Feed tab, users will be able to toggle over to a chronological presentation of their Facebook favorites, Facebook groups they have joined or feeds consisting exclusively of posts from all their Facebook friends in the order they were shared.

The new option is designed to address complaints from users who believe they have been missing interesting posts because Facebook’s algorithm fed misinformation or politically polarizing posts and omitted friends from their feeds.

Amazon to buy primary care provider One Medical for $3.9B

Amazon will acquire the primary care organization One Medical in a deal valued roughly at $3.9 billion, marking another expansion for the retailer into health care services.

The Seattle-based e-commerce giant said Thursday it’s buying One Medical for $18 per share. It’s one of Amazon’s biggest acquisitions, following its $13.7 billion deal to buy Whole Foods in 2017 and its $8.5 billion purchase of Hollywood studio MGM, which closed earlier this year.

One Medical, whose parent company is the San-Francisco based 1Life Healthcare Inc., is a membership-based service that offers virtual care as well as in-person visits. It also works with more than 8,000 companies to provide its health benefits to employees.

As of March, One Medical had about 767,000 members and 188 medical offices in 25 markets, according to its first-quarter earnings report.

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Nasdaq Leads Again as Tesla Stock Pops $TSLA $AAL $UAL $T

Investors sifted through a busy news cycle on Thursday and decided they liked what they saw, with stocks ending higher for a third straight day.

Things got started early this morning on word that the European Central Bank (ECB) lifted interest rates by a higher-than-expected 50 basis points (a basis point is one-one hundredth of a percentage point). The rate hike marks the first for the ECB in 11 years, and comes as the central bank attempts to battle sizzling inflation and slowing economic growth across the eurozone.

• European Dividend Aristocrats: 40 Top International Dividend Stocks

Back at home, the earnings calendar remained in focus, with the latest quarterly results from Tesla (TSLA) garnering notable attention. The maker of electric vehicles reported second-quarter earnings that beat analysts' consensus estimate, though they fell short on revenue. 

"The company was clearly profitable this quarter," says Wes Gottesman, market advisor at Web3 trading platform TradeZing. "However relative to other quarters, the automotive revenue was down to $14.6 billion, as compared to the previous quarter's $16.9 billion. The culprit clearly being the shutdowns in Shanghai, and cutbacks in production/deliveries. That was the issue for this quarter, at no fault of their own. Their gross margins are at 25%, which means they have significant pricing power, while increasing production. Tesla also has a strong solar energy component which will continue to prosper as the world transitions to solar energy."

In addition, TSLA sold roughly three-quarters of its Bitcoin purchases in Q2. The move was made to "maximize" the company's cash position, CEO Elon Musk said in the earnings call. He added that Tesla is "open to increasing" its Bitcoin holdings in the future, and that "this should not be taken as some verdict" on the cryptocurrency. TSLA did not sell any of its Dogecoin, according to Musk.

Still, Bitcoin fell 2.0% to 23,197 on that news (Bitcoin markets don't close; price taken at 4 p.m. ET.), while TSLA shares soared 9.8%. Tesla's rally helped the broader stock market brush off news that President Joe Biden tested positive for COVID-19, with the Nasdaq Composite gaining 1.4% to 12,059. The S&P 500 Index rose 1.0% to 3,998, while the Dow ended up 0.5% at 32,036.

YCharts

Other news in the stock market today:

• The small-cap Russell 2000 added 0.5% to 1,836.
• U.S. crude futures shed 3.5% to settle at $96.35 per barrel.
• Gold futures rose 0.8% to end at $1,713.40 an ounce.
• AT&T (T) plunged 7.6% after the telecom firm lowered its full-year free cash flow guidance to $14 billion from $16 billion, "to reflect heavy investment in growth and working capital impacts related to timing of collections," the company said in its press release. This overshadowed T's higher-than-expected adjusted earnings of 65 cents per share and revenue of $29.6 billion in the second quarter.
• Travel stocks struggled today following negative earnings reactions for American Airlines (AAL, -7.4%) and United Airlines (UAL, -10.2%). While AAL posted its in-line earnings per share of 76 cents on higher-than-expected revenue of $13.42 billion, it cut third-quarter capacity, now expecting to fly 8%-10% below what it did in Q3 2019. And UAL recorded a slimmer-than-anticipated second-quarter loss of $1.43 per share, but revenue of $12.11 billion fell short of the cosensus estimate. 
• Data from the Labor Department showed jobless claims rose 7,000 on a weekly basis to 251,000 – the most since last November. Still, this did little to move markets today. "With earnings season in full swing and the ECB announcing its first-rate hike in more than a decade, the slight tick up in jobless claims may take a backseat in investors' minds," says Mike Loewengart, managing director of investment strategy at E*Trade. "But with jobless claims on an upward trend over the last month, some may question if the labor market will start to factor in more to the Fed's plan as it works aggressively to tame inflation."

 

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NASDAQ : $EDNT Edison Nation “The Inventor’s Best Friend”

Cliff’s Notes:  EDNT – “The Inventor’s Best Friend”

The Situation

Edison Nation has been building a highly unique platform and model over recent months and years. And the company’s work is finally starting to show serious financial growth and traction. All of this lines up extremely well around a key strategy for an augmented launch early next year.

The company is almost like a publicly traded venture capital firm: If you have a great idea, they provide an easy-to-use platform to help take it from “raw idea” to “major market success”, extracting their cut along the way.

In other words, this is an ecommerce services play. EDNT shares have pulled back into a possible sweet spot in terms of value/bargain investment in high-growth-potential Nasdaq stocks: the pullback has happened despite a 36% increase in revenue and a 61% jump in gross profitability. In fact, during the 1H 2019, EDNT saw significant top-line growth of 49.7%, to $11.7 million, driven by continued IP success and scaling its consumer branding operations.

The root of all of this growth is its process of sourcing the most innovative new product ideas, mostly through its proprietary “Edison Nation Innovation Platform”, which finds the most compelling new inventions and product ideas through proprietary algorithms, and then harnesses a pre-built infrastructure of go-to-market resources to get these products in front of consumers through a rapid process.

Blowing it Up

All that’s needed now is a way to juice awareness of these tools and what the company has put into place. Hence, the re-introduction of the company’s Emmy Award-winning TV show (“Everyday Edisons”) early next year – along with an associated app – will hold the potential to blow the roof off of this story.

The key points of validation here are found in core products now succeeding in the market (such as Ezy Dose Medi-Spout, "911 Help Now" pendant, Goodie Gusher party product line, Lullaplayer, My Buddy Bernie, and Smarter Specs) and the company’s numerous high-powered strategic partnerships, including Xspand, Target, Walmart, Amazon, Rite Aid, Proctor and Gamble, and others.

Edison Nation has received more than 100,000 idea submissions and has generated product sales above $250 million at retail through the development and management of over 300 campaigns in their marketplace for clients.

Currently, the Edison Nation platform has a community of more than 200,000 innovators that confidentially submit ideas via the company's online platform.

From this community, Edison Nation reviews and selects the most suitable projects for development, determined by the intellectual property value as well as by the practicality of the idea.

From this vast community, Edison Nation generates revenue of between $25 - $100 per submission that is used to cover program fees and cost related to review.

Edison Nation also makes its open innovation platform available to its members, which enables inventors from around the world to submit ideas for potential consumer products.

Good Stuff is Happening

·         Launched exclusive new products for its theme park and entertainment customers, including Disney Parks and Resorts and Universal Studios including; Avatar Light Up Wood Sprite and Star Wars Baton and Shield Set for Disney Parks and Resorts; A Monsters Inc. interactive flashlight for Tokyo Disney; and a Jimmy Fallon microphone for Universal Resorts.

·         Licensed Ezy Dose Medi-Spout pill assist cap to Apothecary Products, a global leader in consumer wellness products. It is the second product licensed by Apothecary Products from Edison Nation's innovator community in what is an enhanced effort to license Edison community ideas to established brand partners.

·         Edison's Innovation Platform sources product ideas from an organically grown community of 200,000+. Coming First Quarter of 2020, a mobile application will serve to facilitate further platform engagement.

·         Return of Emmy award-winning TV show, "Everyday Edisons" with a February 11, 2020 premier - Thomas Edison's birthday - on a leading SVOD. This show is an inspirational reality TV series produced under license by Edison Nation, which chronicles the stories of first-time inventors as they launch their unique products into the marketplace in conjunction with the Edison Nation Online Innovation Platform. "Everyday Edisons" is produced by six-time Emmy Award-winning producer Michael Cable.

·         Developed the Edison Academy, inventor centric master classes, teaching the fundamentals of product development and inventing. The Academy serves as a resource to provide ongoing value to the organically grown Edison community of 200,000+, while captivating prospective inventors previously disengaged from Edison Nation. This initiative creates revenue opportunities in the form of recurring monthly and annual subscription fees.

·         Expanded their Online Innovation Platform with the "Edison's Design Challenge" that will encourage members of the innovation community to contribute to the design and innovation of products already in Edison Nation's product launch pipeline.

·         Expanded the Edison Online Innovation Platform with its Entrepreneur Partnership. The Entrepreneur Partnership is an opportunity for brands to further leverage Edison Nation's inventor community and proprietary range of services to launch new products or scale additional product line.

Technical Situation

Stock is trading on a truly tiny float of 2.48M shares. 6% of that float is currently held short (as of last month). That’s a powderkeg of upside potential in terms of the supply/demand dynamic (shortage of shares) that could get traction on any sharp rip fueled by fresh buzz in the market.

The stock is also now trading above its 50-day MA for the first time in months, suggesting a large time frame shift in direction of trend may have already taken place under the surface. In line with that, we have seen a series of higher highs and a higher lows – the definition of uptrend – since June. A break above the $3/share level could be a major catalyst for upside momentum.

Suggestions/templates/ideas for social media messaging:

·         This stock is trading irrationally – the company is seeing clear success with huge revenue growth. And it has complete control over a unique theme that’s right out of the Silicon Valley playbook. If the second half of the year goes anywhere near as good as the first, this has to be an opportunity.”

·         “The company is actively doing deals with some of the biggest retailers on the planet, and it has rock solid IP control. Could explode.”

·         “This is all a warm-up to the big party scheduled for next Feb – if you don’t know, look at the company’s releases. New show, new app, new giant marketing campaign. It’s just simmering right now. But the stock should start to discount that big push here very soon.”

·         “The financial performance is all you need to know. The themes are good. But the Q data is where the rubber meets the road. And the market is smoking crack. This should be way higher just on the basis of rev growth.”

·         “EDNT is a squeeze waiting to happen. The company has pretty well cemented the financial growth story. Shares are trading above the major MA, … this is a party waiting to happen on a float under 2.5M shares.”

EDNT PRESS RELEASED 

• Business Wire•4 days ago

  Edison Nation to Present at the LD Micro NYC Summit on Monday October 7th, 2019

  Edison Nation, Inc., a multifaceted ecosystem which fosters innovation and drives IP, media and consumer products, today announced that management has been invited to present at LD Micro NYC Summit.
• ACCESSWIRE•5 days ago

  MicroCap Rodeo Investor Conference - October 15 and 16, 2019, Austin Texas

  Company lineup is filling up fast with 50 good names in the microcap markets, as well as some great private and Pre-IPO companies AUSTIN, TX / ACCESSWIRE / September 19, 2019 / The MicroCap Rodeo's inaugural ...
• Business Wire•13 days ago

  Edison Nation Partners with Juiced2Go to Donate Emergency Mobile Phone Batteries to the Bahamas

  Edison Nation, Inc., a multifaceted ecosystem which fosters innovation and drives IP, media and consumer products, today announced that they are joining Bahamas’ disaster relief efforts by partnering with Juiced2Go to donate emergency mobile phone batteries. Edison Nation is partnering with them to send 5,000 batteries to families in the Bahamas currently suffering from power outages. Edison Nation is also donating products from their Cloud B brand to “The Ranfurly Home for Children”, to offer a small token of joy to kids in the area during this time of crisis.
• ACCESSWIRE•27 days ago

  Edison Nation Revenues Rise 49% During the First Six Months of 2019 (NasdaqGS: EDNT)

  MIAMI BEACH, FL / ACCESSWIRE / August 28, 2019 / ​​Inventors, say hello to your new best friend, Edison Nation (EDNT). After combining forces with Xspand Products Lab in 2018, Edison Nation has grown into one of the most trusted marketplaces for inventors around the world by creating a platform where inventors can confidentially share ideas and shift the burdensome development and monetization processes to the Edison Nation team. From the investor side, Edison Nation is trading below its most recent highs despite posting a 36% increase in revenue and a more than 61% rise in gross profit.

  1
• Business Wire•28 days ago

  Edison Nation and 4Keeps Roses Launch A Joint Venture to Expand Distribution of Preserved Hand-Picked Roses That Last Two Years.

  Partnership will seek to grow distribution to up to 3,000 More Retail Stores by Valentine’s Day 2020. Edison Nation, Inc. a full-service product development company, today announces joint venture with 4Keeps Roses, Inc. 4Keeps Roses, Inc. is a Los Angeles based company that specializes in preserved roses, flowers and associated gift products.
• Business Wire•last month

  Edison Nation Launching 4 New Innovative Products Under New Home and Kitchen Brand – Lily and Gray Living

  Edison Nation, Inc. a full-service product development company, today announced that they will be entering the home and kitchen consumer product industry with their new brand Lily and Gray Living. Lily & Gray Living is a brand of essential home good products that are easy to use, and affordable. Lily and Gray Living products will be available on Amazon December 1st, 2019.
• 

  Simply Wall St.•last month

  The Edison Nation (NASDAQ:EDNT) Share Price Is Down 63% So Some Shareholders Are Wishing They Sold

  Even the best stock pickers will make plenty of bad investments. And there's no doubt that Edison Nation, Inc...
• Business Wire•last month

  Edison Nation, Inc. Reports Second Quarter 2019 Financial Results

  Revenue and Gross Profit for the Second Quarter of 2019 Increased 36.0% and 61.8%, respectively; Driven by Successful Product Launches and Efficiencies Across Platform
• News

  Business Wire•3 months ago

  Edison Nation Announces the Licensing of the Ezy Dose Medi-Spout to Apothecary Products

  Edison Nation, Inc. a full-service product development company, today announced that Apothecary Products, a global leader in consumer wellness, has licensed the Ezy Dose Medi-Spout, a pill assisting bottle cap that utilizes patented technology to ease the swallowing of medication and vitamins. The Ezy Dose Medi-Spout, invented by Robert Pontius, is a pill assisting bottle cap that helps make swallowing pills easier and less stressful. The inability for patients to swallow pills is a widespread issue, with a nationwide survey conducted by Harris Interactive finding that 40 percent of American adults have experienced difficulty swallowing pills, even though most have had no problems swallowing food or liquid.
• News

  Business Wire•3 months ago

  Edison Nation Inc. Announces the Early Repayment and Termination of Financing Agreement

  Edison Nation, Inc. a full-service product development company, on June 17, 2019, entered into a Settlement and Release Agreement with FirstFire Global Opportunities Fund, LLC (“FirstFire”), whereby the Company and FirstFire agreed to terminate the financing agreements entered into earlier this year. The Company entered into a Securities Purchase Agreement, dated March 6, 2019, with FirstFire purchasing a 2% unsecured, senior convertible promissory note from the Company. The Company agreed to pay FirstFire $565,000 and issue 15,000 shares of restricted common stock in order to terminate the agreements and promissory note.
• News

  ACCESSWIRE•4 months ago

  Edison Nation Announces Several Exclusive New Products for Theme Park Customers

  PHILLIPSBURG, NJ / ACCESSWIRE / May 30, 2019 / Edison Nation, Inc. a full-service product development company, has launched a new product line exclusively for its theme park and entertainment customers, which include Disney Parks and Resorts, as well as Universal Studios, among others.
• News

  ACCESSWIRE•4 months ago

  Edison Nation to Present at the 9th Annual LD Micro Invitational in Los Angeles on Wednesday, June 5th, 2019

  PHILLIPSBURG, NJ / ACCESSWIRE / May 29, 2019 / Edison Nation, Inc., a full-service product development company, today announced that management has been invited to present at the 9th Annual LD Micro Invitational ...
• News

  ACCESSWIRE•4 months ago

  Edison Nation Launches New Socially Responsible and 'Made in America' Product Lines

  PHILLIPSBURG, NJ / ACCESSWIRE / May 21, 2019 / Edison Nation, Inc., a full-service product development company, today announced plans to expand its 'Made in America' and socially responsible product offering across several new product lines. Pirasta, Edison Nation's 'Made in America' brand best known for its oversized coloring posters for both adults and children alike, will launch a new product line ahead of the 2019 holiday season called 'Color It. This new product line, which will be offered through various retail outlets including www.pirastanyc.com and Amazon, features six decal sheets, three 3-D cubed characters and stand-up theater backdrops.
• News

  ACCESSWIRE•4 months ago

  Edison Nation, Inc. Reports First Quarter 2019 Financial Results; Provides Corporate Update

  Revenue for the First Quarter of 2019 Increased 67% to $5.7 Million; Driven by Successful Product Launches and Efficiencies Across Platform PHILLIPSBURG, NJ / ACCESSWIRE / May 16, 2019 / Edison Nation, ...
• News

  ACCESSWIRE•5 months ago

  Edison Nation Reports Preliminary Unaudited First Quarter 2019 Revenue Growth of Over 68% to $5.7 Million

  PHILLIPSBURG, NJ / ACCESSWIRE / May 9, 2019 / Edison Nation, Inc. (EDNT), a full-service product development and marketing company, has reported preliminary unaudited financial results for the first quarter end March 31, 2019. Edison Nation is expecting Q1 2019 revenues to increase by over 68% to $5.7 million, compared to Q1 2018 revenues of $3.4 million. The Company's 2019 anticipated financial results are preliminary and based on the most current information available and are subject to the completion of the financial statements.
• News

  ACCESSWIRE•5 months ago

  Edison Nation, Inc. Provides Fourth Quarter and Full Year 2018 Financial Results; Provides Corporate Update

  Pro Forma Revenue for 2018, Inclusive of Acquisitions of Cloud B and Edison Nation LLC, was Approximately $21.0 Million PHILLIPSBURG, NJ / ACCESSWIRE / April 17, 2019 / Edison Nation, Inc. (NASDAQ: EDNT), ...
• News

  ACCESSWIRE•6 months ago

  Edison Nation, Inc. Announces New Initiatives to Escalate Market Presence; Revamps Corporate Website and Relaunches the Emmy Award-Winning TV Show ''Everyday Edisons''

  PHILLIPSBURG, NJ / ACCESSWIRE / March 29, 2019 / Edison Nation, Inc. (EDNT), a full-service product development firm, has announced new initiatives to escalate market presence to a wider audience of aspiring inventors to drive higher success potential for ideas to be commercialized. Edison Nation's online innovation platform has virtually connected innovators with companies to bring new products to market since 2007, partnering with over 140,000 innovators from around the world which have resulted in over $250 million in retail sales to-date.
• News

  ACCESSWIRE•6 months ago

  Edison Nation Inc. Launches its "911 Help Now Pendant" in Partnership with Stealth Technologies Inc.

  PHILLIPSBURG, NJ / ACCESSWIRE / March 12, 2019 / Edison Nation Inc (NASDAQ: EDNT), a full-service product development company, has launched its "911 Help Now" Pendant in conjunction with a sales ...
• News

  GlobeNewswire•8 months ago

  Edison Nation, Inc. Announces Expansion of their Party Brand of Products at North America’s Leading Party Goods Retailer

  Edison Nation, Inc. a full-service product development company, today announces the expansion of the children’s party product line Goodie Gusher at North America’s Leading Party Goods Retailer. Goodie Gusher was developed under Edison Nation’s “Best Party Concepts Brand” and invented by long-time toy inventor, Steve Menow. The Goodie Gusher started as an innovative concept of a modern and safe pinata for children’s parties.
• News

  GlobeNewswire•9 months ago

  Edison Nation, Inc. Announces Two New Innovative Products in the Toy and Infant-Sleep Categories: ‘Lullaplayer’ and ‘My Buddy Bernie’

  The Lullaplayer will launch under Edison Nations’ brand, Cloud B, for the 2019 holiday season. Given the strong market for interactive toys that do not require extensive set-up or a constant connection to phones or Bluetooth, Cloud b is also introducing a new interactive plush toy, My Buddy Bernie. My Buddy Bernie is a voice activated, interactive playmate for kids that requires no set-up and works right out of the box.
• 

  News

  Simply Wall St.•9 months ago

  Do Directors Own Edison Nation, Inc. (NASDAQ:EDNT) Shares?

  A look at the shareholders of Edison Nation, Inc. (NASDAQ:EDNT) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual Read More...
• News

  GlobeNewswire•9 months ago

  Edison Nation, Inc. Enters Multi-Billion Dollar Eyewear Market with ‘Smarter Specs’, the First Patented Glasses with Concave Lenses

  Edison Nation, Inc. a full-service product development company, has entered the multi-billion dollar eyewear market with Smarter Specs, the world’s first patented glasses with concave lenses. Smarter Specs were invented by Todd Huschka and submitted to Edison Nation through their proprietary innovation search engine, which helps independent innovators commercialize their ideas and inventions. Edison Nation is a true full-service product development platform that utilizes a capital-lite, high-reward process that accelerates product development timelines and significantly reduces research and development expenses.
• News

  GlobeNewswire•10 months ago

  Edison Nation Announces Global Distribution Agreement for Everyday Edisons TV Series

  Edison Nation, Inc. a full-service product development company, today announced that it has entered into an agreement with a leading digital media services company to expand distribution of its Everyday Edisons TV series into key global markets. Everyday Edisons is an inspirational reality TV series produced under license by Edison Nation, which chronicles the stories of first-time inventors as they launch their unique products into the marketplace in conjunction with the Edison Nation product development platform. “I am pleased to announce that we entered into a distribution agreement to significantly expand the reach of our Everyday Edisons TV series,” said Chris Ferguson, CEO of Edison Nation.
• News

  GlobeNewswire•10 months ago

  Edison Nation to Present at 11th Annual LD Micro Main Event in Los Angeles on Wednesday, December 5th

  PHILLIPSBURG, N.J., Nov. 27, 2018 -- Edison Nation, Inc. (NASDAQ: EDNT) (the “Company” or “Edison Nation”), a full-service product development company, today announced that.
• News

  GlobeNewswire•10 months ago

  Edison Nation, Inc. Provides Third Quarter 2018 Corporate Update and Financial Results

  Q3 2018 Revenues Increase 56% to $4.9 Million; Gross Profit Increases 26% to $1.3 Million PHILLIPSBURG, N.J., Nov. 15, 2018 -- Edison Nation, Inc. (the “Company” or “Edison.
• News

  GlobeNewswire•11 months ago

  Edison Nation, Inc. Launches First Crowdfunding Micro-Brand on Kickstarter; The MasterSous: The 8-in-1 Smart Cooker

  Edison Nation, Inc. (“Edison Nation”), a full-service product development company, has launched its first micro-brand crowdfunding campaign on Kickstarter, the MasterSous: The 8-in-1 Smart Cooker. Users can use the MasterSous mobile app to remotely adjust cook times and control the automatic stirring mechanisms that keeps food in constant motion for even cooking. “The MasterSous is an incredible product sourced from our proprietary innovation search engine, which to-date, has received 100,000 idea submissions, resulting in over $250 million in retail sales,” said Chris Ferguson, CEO of Edison Nation, Inc. “As a true full-service product development platform, creating value for both innovators and our shareholders alike, we are uniquely positioned to bring products to market at light-speed.
• News

  GlobeNewswire•11 months ago

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