Protech Home Medical Corp. (V.PTQ) hit a new 52-week high of $1.55 on Wednesday. Protech Home Medical commented on the decision made by the Centers for Medicare and Medicaid Services (CMS), wherein the CMS has not awarded contracts for any of the product categories that would have affected Protech’s revenue because the expected payment amounts did not achieve expected savings for the Competitive Bidding Program (CBP) that was expected to begin on January 1, 2021.
VIQ Solutions Inc. (V.VQS) hit a new 52-week high of $4.91 on Wednesday. VIQ announced preliminary top-line results for the third quarter 2020, and provided an update of its full-year 2020 outlook. The company also announced it secured a number of new multi-year contracts including one valued at up to $30 million in revenue over a six-year period ($5 million annualized revenue) expected to yield gross margins in the range of 50% to 55%. All numbers are expressed in U.S. dollars. The $30-million contract is over six years, representing approximately $5 million of revenue per year commencing in 2021 based on customers’ historical and anticipated annual volumes and expected to yield gross margins of 53.5%.
Nanotech Security Corp. (V.NTS) hit a new 52-week high of 66 cents on Wednesday. No news stories available.
Nass Valley Gateway Ltd. (C.NVG) hit a new 52-week high of 25 cents on Wednesday. No news stories available.
