Shares of Ault Alliance, Inc. (NYSE American: AULT) surged over 100% in pre-market trading after the company provided a business update highlighting its financial status.

With approximately 2.1 million shares outstanding and a book value of around $80 per share, the company reported total assets of $527 million. Ault Alliance projects robust financial growth, aiming for $200 million in annual revenue for 2023.

Ault Alliance acknowledges that revenue estimates and projections are influenced by Bitcoin market price volatility, mining difficulty fluctuations, and other operational factors. The company's trading activities, which involve unrealized gains and losses from market price changes, can contribute to notable fluctuations in its periodic earnings.

In pre-market, $AULT is currently trading at $6.90, reflecting an increase of $3.60 (+109.09%)

In other news, AVROBIO, Inc. (Nasdaq: AVRO) has announced a significant decision regarding the future of its programs. 

After conducting a thorough review of its business, resources, and capabilities, the company has chosen to halt further development of its programs. Instead, AVROBIO will focus on exploring various strategic alternatives aimed at maximizing shareholder value. These alternatives may include acquisitions, mergers, business combinations, or other transactions. 

It is important to note that the exploration process does not guarantee the pursuit or completion of any transaction, and there is no predetermined timeline for its completion

$AVRO is currently trading at $1.27 in pre-market, up $0.29 (+29.63%) following the announcement.

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