CORAL GABLES, FL / ACCESSWIRE / January 10, 2019 / The future of the tech industry is predicated on the belief that engineers and scientists are prepared to meet the challenges of our changing planet with innovative approaches to solving the world's most complicated issues. From what we've seen thus far in the first week of the new year is that investor interest is largely focused on the tech sector. As time progresses, life presents us with more obstacles to overcome, creating an opportunity for companies to meet the demands of these hurdles. With the advent of artificial intelligence, big data, vehicle automation, and a plethora of other futuristic developments coming out of the space, it makes sense that investors are interested in the development of companies from the multi-billion dollar industry, and as a result of these favorable opinions, tech stocks may see gains as a result of this industry gaining favorable market opinion. XSport Global, Inc. (XSPT), Veritone Inc (VERI), Himax Technologies Inc (HIMX), and Momo Inc (MOMO) are 4 tech stocks that are heating up on Thursday.
XSport Global, Inc. (XSPT) is a company that is leading the cognitive assessment technology industry as they seek to further the success of high-performance athletes around the world through''leading sciences, innovative technologies, and pioneering digital media.''
In late-November 2018, XSport Global, Inc. (XSPT) announced their rapid development of FitLinkDNA, a service designed to help athletes train, compete, and perform at their full capacity. Per the announcement, the service will include a set of comprehensive digital reports that will become the athletes' digital blueprint — allowing them to develop a tailored, personalized, wellness regimen.
Robert Finigan, CEO of XSport Global, Inc. (XSPT), said, ''Decoding the human genome is one of the most significant undertakings that has ever been mounted in the history of science. DNA sequencing has revolutionized our understanding of the human genome and provided insights that were beyond comprehension just ten years ago. By taking it a step further and using that knowledge to provide real solutions to genetic level problems, the Company is working to monetize advanced technology and its applications in one of the most high-growth, highest-grossing global industries ever.''
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Veritone Inc (VERI) found itself in headlines when it today reported that it now expects its net revenues for its fourth quarter ended December 31, 2018 to be in the range of $10.7 million to $10.9 million, up from their original estimates earlier in the year.
Chad Steelberg, Veritone's Chairman and Chief Executive Officer, said,''After achieving record revenues in the third quarter, we experienced very strong demand for our aiWARE operating system and applications, our digital content licensing services and Veritone. One's advertising services in the fourth quarter. As a result, based on a preliminary review of our results, we are raising our guidance regarding our expected net revenues for the fourth quarter of 2018. We expect this increase to result in a sequential decrease in our Adjusted EBITDAS loss as a percentage of net revenues.
For More Information On Veritone, Inc, Click Here
Himax Technologies, Inc (HIMX), a leading supplier and manufacturer of display drivers and other semiconductor products, announced at the tail-end of November that its Chairman, Dr. Biing-Seng Wu intended to use his personal funds to purchase up to $5 million of the Company's American Depositary Shares in the open market, subject to market conditions and other factors.
Per the details in the official press release, Dr. Biing-Seng Wu's share purchase plan will be executed in accordance with the manner, timing, price and volume conditions of Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934. The share purchase plan demonstrates the management's tremendous confidence in the Company's long-term prospects.
For More Information on Himax Technologies Inc, Click Here
Momo Inc (MOMO), a leading mobile social networking platform in Chinese markets, announced in early December that its unaudited financial results for their third quarter of 2018 were available for shareholder review.
In a press release regarding the update, Yan Tang, Chairman and CEO of Momo, said, ''At the same time we continued to push forward on product and operational fronts, in order to build uplonger term growth drivers as we start to look beyond 2018 into next year."
For More Information On Momo Inc, Click Here
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