Highlights from the report include that Q4 consolidated sales from continuing operations increased by 17.1% to $15.4 million. Guo highlighted that results came from executing its strategy of increasing growth by growing its customer base in its cable business, in addition to expanding its addressable market to new companies.Īt the beginning of March, Communications Systems reported its Q4 2019 and year-end financial results. “Our first quarter 2020 performance was above our internal expectations,” said CEO Jerry Guo. Casa Systems also noted that GAAP net income came in at $1.2 million, while adjusted EBITDA was $3.7 million. On April 30, the company reported its Q1 2020 financial results, highlighting revenue of $83.6 million and a gross margin of 51.0%. On May 5, CASA stock is up 0.35% at $4.215, as of 1:20 PM EDT. These systems assist the low bandwidth usage that is necessary for the development of 5G technology. Since 2019, the company has been working alongside Sprint to create small cell systems. (NASDAQ:CASA)Īnother company that has found itself trading up on Tuesday, thus securing a spot on our list of the day’s top 5G penny stocks, is Casa Systems.Īn American company, Casa Systems is working towards advanced ultra-broadband 5G solutions for cable, mobile, fixed, and converged service providers. 4 5G Penny Stocks Trading Up: Casa Systems, Inc. Note, however, that this was a notice of deficiency, not of imminent delisting. More recently, MicroVision disclosed that it had received a NASDAQ global market listing deficiency notice.
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> 5 High Volume Penny Stocks to Add to Your Watchlist However, revenue for full-year 2019 did drop, from $17.6 million for full-year 2018 to $8.9 million in 2019. Highlights from Q4 2019 include a significant jump in revenue, going from $1.8 million in the same quarter in 2018 to $4.6 million in 2019. This makes for a substantial jump early in the trading week and makes it one of the biggest gainers among the 5G penny stocks discussed in this article.Īs the company prepares to release its Q1 2020 results this week on May 7, we think back to when it released its fourth-quarter and full-year 2019 results in March. On May 5, MVIS stock is up around 47% at $1.62, as of 1:10 PM EDT. (5G decreases latency, which then allows MicroVision’s services to run better). The company is recognized as one that will not just fuel the 5G revolution but will help others work more efficiently throughout it. develops laser scanning technology for 3D sensing, image capture, and projection. (NASDAQ:MVIS)īased in Redmond, Washington, MicroVision, Inc. 4 5G Penny Stocks Trading Up: MicroVision, Inc.
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Here are four 5G penny stocks trading up on May 5. After all, just because they’re cheap stocks doesn’t mean they don’t have a potential upside. While there are many mega-cap companies involved in this revolution, investors should take note of the different 5G penny stocks available. And in 2020, that innovation is 5G technology.
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(MicroSmallCap via Comtex) - We know that the technology sector is always evolving and that many investors look to benefit from the latest innovation.