29.2 C
New York
Saturday, June 19, 2021

Here is why CHFS stock face negativity on Tuesday, March 16, 2021

CHF Solutions Inc (CHFS) stock faced negative trends on Tuesday, March 16, 2021. It lost 2.52% in the regular trading session and 14.67% in the after-hours session on Tuesday. Let’s see why CHFS faced this negativity?


5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored



CHFS offering the shares of its common stock in an underwritten public offering

On Tuesday, March 16, 2021, CHFS said it intends to offer shares of its common stock in an underwritten public offering. The news took the CHFS stock towards the negativity. The Company wants to use the net amount for corporate purposes and investments. Ladenburg Thalmann& Co. Inc. is acting as sole book-running manager in connection with the offering. Lake Street Capital Markets, LLC is acting as the lead manager for the offering.

Expands Access of Ultrafiltration Therapy

On March 9, 2021, CHF Solutions announced the availability of its AquadexSmartFlow system to pediatric patients at the Puerto Rico Women and Children’s Hospital in Bayamón, Puerto Rico.AquadexSmartFlow system is used for fluid overloaded patients, and Fluid overload is linked with adverse outcomes in multiple disease states

Inducement Grants for CHF Solutions

On March 5, 2021, CHFS, the independent directors, approved one equity award under CHF Solution’s New-Hire Equity Incentive Plan as a material inducement to an individual entering into employment with the Company effective February 17, 2021.

Recent Financial results

On March 2, 2021, CHFS announced its financial results for the quarter ended December 31, 2020, with a 49.5% increase in revenue for the reported quarter. The key highlights for the fourth quarter are as follows:

  • The CHFS earned $2.0 million in revenue in the fourth quarter with an increase of 49.5% compared to $1.4 million in the same quarter of 2019.
  • For the fourth quarter of 2020, the Gross margin was 56.1%
  • Operating expenses increased by 5.7% for the fourth quarter of 2020, and they were  $5.4 million
  • CHFS gained $1.2 million in the fourth quarter due to the dissolution of a foreign subsidiary in Australia.
  • The CHFS had no debt and had cash and cash equivalents of $14.4 million as of December 31, 2020.

CHFS showed strong financial results and had no debt, making it attractive for investors to buy despite the recent negativity.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.