Evogene Ltd is a biotechnology company focused on enhancing the productivity and sustainability of the agriculture industry through the development of innovative biological solutions. The company leverages advanced computational biology and data-driven approaches to identify and engineer novel traits in plants, aiming to improve crop performance and resilience. By utilizing its proprietary technology platform, Evogene collaborates with industry partners to create products that address critical challenges such as pest resistance, drought tolerance, and nutrient efficiency in various agricultural sectors. Read More
The company said its internal tests show a nearly 90% success in generating precise, novel molecules, vastly outperforming traditional generative AI models.
Synergy CHC Corp. (NASDAQ: SNYR), a fast-rising force in the consumer health and wellness space, has appointed Damian Marano as Vice President of Beverage in a strategic move aimed at catapulting the company’s FOCUSfactor Energy Drink into global markets. Marano, a seasoned executive with a decorated history at The Coca-Cola Company (NYSE: KO), brings a wealth of expertise that could unlock powerful international distribution opportunities for the brand.
Power Metallic Mines Inc. (TSXV: PNPN) (OTCQB: PNPNF) has executed a deal to acquire 100% of 313 mineral claims from Li-FT Power Ltd., expanding its Quebec land position by over 300% to 212.86 km² . The newly acquired claims border the Company’s flagship Nisk Project, surrounding the high-grade Nisk, Lion, and Tiger polymetallic discoveries.
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As markets navigate continued volatility, several stocks have entered oversold territory—presenting potential opportunity for value-seeking investors. Below are fast takes on notable names, including Evogene Ltd. (NASDAQ: EVGN), Gulf Resources Inc. (NASDAQ: GURE), Peraso Inc. (NASDAQ: PRSO), MicroAlgo Inc. (NASDAQ: MLGO) and more across biotech, fintech, and industrial segments among others below.
Evogene Ltd. released its fourth-quarter and full-year 2023 financial results, showing a 237% revenue increase for the year. Despite a 12% revenue decrease in Q4, the Israeli cannabis company reported $5.6 million in total revenue for the year. CEO Ofer Haviv highlighted the company's successful collaborations with industry leaders like Corteva, ICL, and Syngenta, contributing to revenue growth. In Q4, gross profit decreased to $180,000, but net financing income rose to $287,000. Total operating expenses increased to $7.8 million, leading to a net loss of $7.3 million. For the full year, gross profit reached $3.9 million, and net financing income was approximately $521,000. Evogene also secured partnerships with Verb Biotics and Colors Farm, along with receiving a €1.2 million EU grant for its Ag-Seed Division's research and development efforts.
