YOY

LQR House Reports 458% YOY Revenue Surge in December 2023, Fueled by Holiday Ecommerce Success

Retrieved on: 
Friday, January 5, 2024

MIAMI BEACH, FL, Jan 5, 2024 - (ACN Newswire) - LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, proudly announces a remarkable 458% YOY increase in revenue for December 2023 compared to December 2022.

Key Points: 
  • MIAMI BEACH, FL, Jan 5, 2024 - (ACN Newswire) - LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, proudly announces a remarkable 458% YOY increase in revenue for December 2023 compared to December 2022.
  • In December 2022, LQR House recorded revenue at $74,053, and the Company has witnessed a significant growth to $339,713 in December 2023.
  • In our view, these results indicate that this is not a one-time occurrence for LQR House, but rather, we believe it's evolving into a recurring situation where LQR House is actively cultivating consistent momentum.
  • Sean Dollinger, CEO of LQR House, emphasized the significance of the holiday season in ecommerce, stating, "December consistently stands out as the most robust period for ecommerce.

Residential Robotic Vacuum Cleaner Market size to increase by USD 5.08 billion during 2023-2027, Inclusion of HEPA filters in robotic vacuum cleaners to drive the growth - Technavio

Retrieved on: 
Thursday, January 4, 2024

NEW YORK, Jan. 4, 2024 /PRNewswire/ -- The residential robotic vacuum cleaner market size is expected to grow by USD 5.08 billion between 2022 and 2027.

Key Points: 
  • NEW YORK, Jan. 4, 2024 /PRNewswire/ -- The residential robotic vacuum cleaner market size is expected to grow by USD 5.08 billion between 2022 and 2027.
  • The inclusion of air filters in robotic vacuum cleaners is driving the residential robotic vacuum cleaner market growth.
  • Residential robotic vacuum cleaners have high-efficiency particulate air (HEPA) filters that purify the air and absorb minute particulates.
  • Numerous vendors are planning to integrate air purifiers into their solutions and expand their product ranges, with the rising adoption of residential robotic vacuum cleaners.

2024 Automotive Trends: Cars Commerce Explores Driving Forces Transforming Car Buying and Selling

Retrieved on: 
Wednesday, January 3, 2024

CHICAGO, Jan. 3, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce Inc."), an audience-driven technology company empowering automotive, today released its 2024 Automotive Trends. Economic uncertainty and tight inventory levels remain top concerns in 2024, but Gen Z provides a bright spot for retailers, with 80% of young shoppers moving from online to offline and opting to finish the deal in the showroom.1 American shoppers are supporting American workers as we head into the new year, with almost 50% willing to spend more on locally made vehicles.2 And despite the government's best efforts, consumers are eyeing EVs, but few are committing. The main questions steering the automotive retail landscape into 2024 are: Who's buying? What's available? And the biggie: What's the price tag?

Key Points: 
  • CHICAGO, Jan. 3, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce Inc. "), an audience-driven technology company empowering automotive, today released its 2024 Automotive Trends .
  • The main questions steering the automotive retail landscape into 2024 are: Who's buying?
  • Consumers are feeling the impact of broad economic and political forces, especially in their wallets," said Rebecca Lindland, senior director of industry data and insights at Cars Commerce.
  • Cars Commerce predicts five trends will influence the auto industry in 2024 and beyond:
    Buyers turn budget-savvy.

Bitfarms Earns 446 BTC in December 2023 and 4,928 BTC for the Full Year 2023

Retrieved on: 
Tuesday, January 2, 2024

TORONTO, Ontario and BROSSARD, Québec, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, provides an update for the month and year ended December 31, 2023.

Key Points: 
  • “In 2023, we executed our growth plan and laid the groundwork for aggressive growth in 2024.
  • We finished the year with $118 million in liquidity, low-cost power contracts for up to 593 MW and a miner purchase agreement for up to 63,888 new Bitmain miners in 2024,” said Geoff Morphy, CEO of Bitfarms.
  • We are well underway to achieve our Q2 2024 goals of 12 EH/s and 310 MW operating capacity, which would represent increases of 85% and 29%, respectively, compared to year-end 2023.
  • For the year ended December 31st, network difficulty increased 103.6% while the BTC price was up approximately 156.8%, resulting in a 61.4% improvement in YOY production economics as measured by USD/TH/day.

Indian Finance Minister Smt Nirmala Sitharaman to inaugurate DATE in New Delhi

Retrieved on: 
Wednesday, November 22, 2023

India's digital landscape and swift adoption of groundbreaking, next-generation solutions are fundamentally reshaping its economic landscape.

Key Points: 
  • India's digital landscape and swift adoption of groundbreaking, next-generation solutions are fundamentally reshaping its economic landscape.
  • Shri Yaduveer Krishnadatta Chamaraja Wadiyar, Chairperson of Cyberverse Foundation, a Strategic Partner of DATE, expressed, "With the support & participation of government leaders & policy makers like Finance Minister Smt.
  • Nirmala Sitharaman, Minister of State Shri Rajeev Chandrasekhar, Shri Sanjeev Sanyal, Shri Tejasvi Surya and more, DATE plays a pivotal role in fostering government-industry relations, propelling India towards a digitally empowered future."
  • Mohammed Saleem, Founder and Chairman of Trescon, added, "DATE signifies our dedication to catalyze India's digital revolution.

Sono-Tek Announces Preliminary Record Revenue with Continued Strong Backlog for Q3 FY2024 and Increases Revenue Guidance for Fiscal Year 2024

Retrieved on: 
Thursday, December 14, 2023

MILTON, N.Y., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced preliminary sales and backlog for the third quarter of fiscal year 2024, ended November 30, 2023.  

Key Points: 
  • The Company’s preliminary estimate of backlog at November 30, 2023, is approximately $10.4 million, a year-over-year increase of 68% compared to backlog of $6.2 million at November 30, 2022.
  • Backlog is also just slightly less than the record high quarter end  backlog of $10.7 million at the end of the second fiscal quarter on August 30, 2023.
  • “The preliminary results indicate another record quarter for revenue and a near record for backlog for the third quarter of fiscal year 2024,” said Dr. Christopher L. Coccio, Chairman and CEO of Sono-Tek.
  • Backlog at November 30th increased to $10.4 million, 68% higher than the $6.2 million backlog in the year ago quarter.

US Payments Forum Fall Market Snapshot: The Future of Digital Payments, Biometrics, AI and Mobile Point of Sale

Retrieved on: 
Wednesday, December 6, 2023

During a panel on payment acceptance trends, members of the U.S. Payments Forum weighed the benefits.

Key Points: 
  • During a panel on payment acceptance trends, members of the U.S. Payments Forum weighed the benefits.
  • Some merchants are exploring ways to utilize a consumer’s biometric profile to identify their shopping habits, preferences and brand loyalty.
  • The Forum is also working to stay ahead of potential pain points in the biometric payments space.
  • By joining the Secure Technology Alliance, members will have access to activities within the U.S. Payments Forum and additional Alliance-affiliated organizations.

America’s Car-Mart Reports Second Quarter 2024 Results

Retrieved on: 
Tuesday, December 5, 2023

This required an increase in the allowance for credit losses which subsequently impacted the bottom line for the quarter.

Key Points: 
  • This required an increase in the allowance for credit losses which subsequently impacted the bottom line for the quarter.
  • SALES – Sales for the quarter were 15,162 units vs. 15,885 units, down 4.6% vs. the prior year quarter.
  • GROSS PROFIT – Gross profit per unit was $6,835 compared to $6,132 for the prior year’s second quarter.
  • SG&A per average account was $429 compared to $439 during the prior year’s second quarter.

Society Pass Inc (Nasdaq: SOPA) / NusaTrip Inc Partners with Vietnam-based Travel Platform, VN Travel Group, to Jointly Market to Vietnamese Customers

Retrieved on: 
Wednesday, November 29, 2023

As the leading travel technology company in Vietnam over the last 11 years, VNTravel offers over 30,000 premium accommodation options and partners with more than 200 global airlines.

Key Points: 
  • As the leading travel technology company in Vietnam over the last 11 years, VNTravel offers over 30,000 premium accommodation options and partners with more than 200 global airlines.
  • VNTravel reaches various customer segments through different sales channels: domestic retail via Mytour.vn , international retail through Dinogo.com , travel agencies via Tripi.vn , and other B2B2C channels.
  • Patrick Soetanto, Nusatrip Chief Executive Officer, explains, “NusaTrip focuses on becoming the preferred destination for all travel needs here in SEA.
  • In addition, partnering with a prominent fintech company such as SOPA truly elevates VNTravel’s market positioning here in Vietnam.”

Mastercard SpendingPulse: U.S. Retail Sales Grew +3.1%* This Holiday Season

Retrieved on: 
Tuesday, December 26, 2023

According to preliminary insights from Mastercard SpendingPulseTM , U.S. retail sales excluding automotive increased +3.1% year-over-year this holiday season, running from November 1 through December 24.

Key Points: 
  • According to preliminary insights from Mastercard SpendingPulseTM , U.S. retail sales excluding automotive increased +3.1% year-over-year this holiday season, running from November 1 through December 24.
  • Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment and is not adjusted for inflation.
  • “This holiday season, the consumer showed up, spending in a deliberate manner,” said Michelle Meyer, Chief Economist, Mastercard Economics Institute.
  • “The economic backdrop remains favorable with healthy job creation and easing inflation pressures, empowering consumers to seek the goods and experiences they value most.”
    Key retail trends this holiday season included:
    Shopping Extravaganzas In-Store & Online: Online retail sales increased +6.3% YOY while in-store sales were up a more modest +2.2% YOY.