Polar Power Takes Charge with New Mobile EV Chargers, Guardforce AI Announces Public Equity Offering and Kaleyra Reports Better-Than-Expected Q1 Loss
- May 10th, 2023
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Polar Power, Inc. (Nasdaq: POLA) made an exciting announcement regarding its new line of mobile Combined Charging System (CCS) Electric Vehicle (EV) chargers. The company is now accepting advance orders for these chargers, which are expected to be available before the first quarter of 2024 comes to a close. These mobile EV chargers are specifically designed to address the needs of EVs that require emergency roadside service due to running out of charge before reaching a stationary charging facility. While the primary objective is not to fully charge the vehicle, the chargers will provide a sufficient charge to allow the EVs to reach the nearest charging station. This offering is reminiscent of the provision of a can of gasoline to stranded motorists.
Following this announcement, the stock price of Polar Power experienced a significant boost in after-hours trading. $POLA was trading at $1.49, showing an impressive increase of $0.45 (43.26%).
In other news, Guardforce AI Co., Limited (Nasdaq: GFAI) declared that it has initiated an underwritten public offering of ordinary shares and pre-funded warrants. While the specific amount was not disclosed, this move aims to raise capital for the company's operations and growth plans. Consequently, the stock price of $GFAI witnessed a decline in after-hours trading, standing at $5.41, down $1.89 (-25.89%).
Kaleyra, Inc. (NYSE: KLR) has released its Q1 earnings report, announcing a loss of $0.08 per share. This result, while still a loss, surpasses the consensus estimate of a loss of $1.15 per share. Following the release of the earnings report, $KLR exhibited a positive trend with an after-hours trading price of $1.97, showing a gain of $0.24 (13.87%)
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