Haoxi Health Technology Azioni (NASDAQ: HAO)

Ultime notizie per Haoxi Health Technology (NASDAQ:HAO) Azioni

Guggenheim China Small Cap Index ETF

Haoxi Health Technology

Haoxi Health Technology Ltd is an online marketing solution provider in China, with an advertiser client base mainly in the healthcare industry. Haoxi has been rooted in the field of local online effect marketing for many years, serving leading customers in various industries at home and abroad, and its main business is the medical industry. It generates its revenue by providing one-stop online marketing solutions, in particular online short video marketing solutions, to advertisers through its media partners. The company provides customized marketing solutions by planning, producing, placing, and optimizing online ads, especially online short video ads, to help its advertisers acquire, convert, and retain ultimate consumers on various online media platforms.

Haoxi Health Technology Limited - Class A Ord Share

Haoxi Health Technology Ltd

Halitron Inc

HAO TIAN INTL CONSTR INVT by HAO TIAN INTL CONSTR INVT GROUP LTD.

Hao Tian International Construction Investment Group Ltd

Haoxin Holdings Ltd

<h3>Gainers</h3>
<ul>
<li>Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) shares rose 38.5% to $113.26 during Wednesday's regular session. The company's market cap stands at $18.7 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Haoxi Health Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAO#NASDAQ">HAO</a>) stock moved upwards by 23.27% to $0.22. The company's market cap stands at $8.0 million. As per the news, the FY earnings report came out yesterday. </li>
<li>Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) shares rose 14.0% to $12.41. The company's market cap stands at $20.6 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Asset Entities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) shares rose 13.8% to $1.08. The company's market cap stands at $3.7 million. </li>
<li>E W Scripps (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>) shares increased by 12.29% to $3.38. The market value of their outstanding shares is at $288.6 million. </li>
<li>BuzzFeed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZFD#NASDAQ">BZFD</a>) shares increased by 12.15% to $2.81. The company's market cap stands at $106.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>ATN International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATNI#NASDAQ">ATNI</a>) shares decreased by 24.6% to $23.79 during Wednesday's regular session. The market value of their outstanding shares is at $359.5 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Trump Media &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares declined by 22.46% to $39.95. The company's market cap stands at $7.9 billion. </li>
<li>Criteo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRTO#NASDAQ">CRTO</a>) stock declined by 19.79% to $34.22. The market value of their outstanding shares is at $1.9 billion. As per the press release, Q3 earnings came out today. </li>
<li>Thryv Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THRY#NASDAQ">THRY</a>) shares decreased by 18.43% to $14.96. The company's market cap stands at $543.0 million. </li>
<li>Giftify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIFT#NASDAQ">GIFT</a>) stock decreased by 15.03% to $1.47. The company's market cap stands at $38.3 million. </li>
<li>TuanChe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TC#NASDAQ">TC</a>) stock fell 10.77% to $1.16. The company's market cap stands at $2.0 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Wednesday's Intraday Session

WIIM

Haoxi Health Technology shares are trading higher after the company announced a year-over-year increase in FY24 revenue results.

<h3>Gainers</h3>
<ul>
<li>Haoxi Health Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAO#NASDAQ">HAO</a>) stock moved upwards by 54.3% to $0.28 during Wednesday's pre-market session. The market value of their outstanding shares is at $10.0 million. As per the news, the FY earnings report came out yesterday. </li>
<li>Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) stock rose 20.14% to $98.21. The market value of their outstanding shares is at $16.2 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Global Mofy AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) shares rose 17.45% to $0.43. The market value of their outstanding shares is at $14.5 million. </li>
<li>Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) shares moved upwards by 10.74% to $12.06. The market value of their outstanding shares is at $20.0 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>LQR House (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQR#NASDAQ">LQR</a>) shares moved upwards by 8.52% to $0.8. The company's market cap stands at $4.3 million. </li>
<li>Anghami (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGH#NASDAQ">ANGH</a>) stock moved upwards by 8.21% to $0.82. The market value of their outstanding shares is at $54.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Thryv Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THRY#NASDAQ">THRY</a>) shares fell 14.1% to $15.75 during Wednesday's pre-market session. The company's market cap stands at $571.7 million. </li>
<li>Criteo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRTO#NASDAQ">CRTO</a>) stock decreased by 8.35% to $39.1. The market value of their outstanding shares is at $2.1 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Trump Media &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares declined by 7.11% to $47.85. The market value of their outstanding shares is at $9.5 billion. </li>
<li>ZW Data Action Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNET#NASDAQ">CNET</a>) stock fell 6.71% to $2.06. The company's market cap stands at $4.4 million. </li>
<li>Kuke Music Hldg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KUKE#NYSE">KUKE</a>) shares fell 6.51% to $0.9. The company's market cap stands at $35.5 million. </li>
<li>AirNet Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANTE#NASDAQ">ANTE</a>) shares decreased by 6.48% to $0.63. The market value of their outstanding shares is at $8.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ANGH

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12 Communication Services Stocks Moving In Wednesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Haoxi Health Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAO#NASDAQ">HAO</a>) shares rose 53.7% to $0.28 during Wednesday's pre-market session. The company's market cap stands at $10.0 million. As per the press release, FY earnings came out yesterday. </li>
<li>Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) shares increased by 20.25% to $98.3. The company's market cap stands at $16.3 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Global Mofy AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) shares moved upwards by 17.45% to $0.43. The market value of their outstanding shares is at $14.5 million. </li>
<li>Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) shares moved upwards by 10.83% to $12.07. The market value of their outstanding shares is at $20.0 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>LQR House (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQR#NASDAQ">LQR</a>) shares increased by 8.52% to $0.8. The company's market cap stands at $4.3 million. </li>
<li>Anghami (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGH#NASDAQ">ANGH</a>) shares rose 8.21% to $0.82. The market value of their outstanding shares is at $54.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Thryv Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THRY#NASDAQ">THRY</a>) stock decreased by 13.8% to $15.8 during Wednesday's pre-market session. The company's market cap stands at $573.5 million. </li>
<li>Criteo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRTO#NASDAQ">CRTO</a>) shares fell 8.35% to $39.1. The company's market cap stands at $2.1 billion. The company's, Q3 earnings came out today. </li>
<li>ZW Data Action Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNET#NASDAQ">CNET</a>) shares declined by 6.71% to $2.06. The company's market cap stands at $4.4 million. </li>
<li>Trump Media &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) stock decreased by 6.12% to $48.36. The market value of their outstanding shares is at $9.6 billion. </li>
<li>Blue Hat Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHAT#NASDAQ">BHAT</a>) shares fell 5.67% to $0.28. The market value of their outstanding shares is at $16.5 million. </li>
<li>Leafly Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) shares declined by 5.56% to $1.7. The market value of their outstanding shares is at $4.3 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BHAT

LFLY

Shares of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) rose sharply in today's pre-market trading after the company reported better-than-expected<a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan"> third-quarter financial results</a>.
The company reported third-quarter revenue of $88.27 billion, up 15% year-over-year. The total beat a Street consensus estimate of $86.31 billion
Alphabet shares jumped 6% to $179.77 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Haoxi Health Technology Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAO#NASDAQ">HAO</a>) gained 82.8% to $0.3382 in pre-market trading. Haoxi Health Technology recently posted FY earnings of 4 cents per share.</li>
<li>Starbox Group Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STBX#NASDAQ">STBX</a>) rose 80.2% to $0.2433 in pre-market trading.</li>
<li>Digital Brands Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) shares surged 50.5% to $0.1540 in pre-market trading. Digital Brands Group shares fell around 34% on Tuesday after the company announced the pricing of $3 million public offering of 30 million common stock and pre-funded warrants at $0.10 per share.</li>
<li>Ensysce Biosciences, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSC#NASDAQ">ENSC</a>) gained 30.8% to $0.5430 in pre-market trading after jumping around 25% on Tuesday.</li>
<li>NerdWallet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRDS#NASDAQ">NRDS</a>) shares rose 28.7% to $14.57 in pre-market trading after the company reported better-than-expected fourth-quarter revenue results.</li>
<li>LogicMark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGMK#NASDAQ">LGMK</a>) climbed 26.4% to $0.1464 in pre-market trading.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) gained 24% to $101.36 in pre-market trading after the company reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance above estimates.</li>
<li>Polyrizon Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLRZ#NASDAQ">PLRZ</a>) shares gained 20.7% to $1.87 in pre-market trading after dipping 65% on Tuesday. The company priced its IPO at $4.38 per unit.</li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) shares rose 11.2% to $12.11 in pre-market trading following better-than-expected third-quarter financial results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) shares dipped 18.4% to $10.15 in pre-market trading after the company reported worse-than-expected third-quarter financial results and issued FY24 adjusted EPS guidance below estimates.</li>
<li>Spero Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRO#NASDAQ">SPRO</a>) shares fell 18.3% to $1.07 in pre-market trading after the company announced its Phase 2a proof-of-concept study of SPR720 did not meet its primary endpoint.</li>
<li>Qorvo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) shares fell 18% to $82.40 in pre-market trading after the company reported issued weak guidance for the third quarter.</li>
<li>GlycoMimetics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLYC#NASDAQ">GLYC</a>) fell 14.5% to $0.4189 in today's pre-market trading. GlycoMimetics shares jumped 191% on Tuesday after the company announced it will merge with Crescent Biopharma and secured $200 in funding to advance its oncology pipeline.</li>
<li>Thryv Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THRY#NASDAQ">THRY</a>) fell 13.7% to $15.80 in pre-market trading after the company priced its upsized $80 million public offering of 5,715,000 common shares at $14/share.</li>
<li>Tempest Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPST#NASDAQ">TPST</a>) fell 12.3% to $0.9645 in pre-market trading. The company recently entered into an agreement with Roche Holdings AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RHHBY#OTC">RHHBY</a>) to advance the evaluation of amezalpat (TPST-1120) in combination with atezolizumab (Tecentriq) and bevacizumab, the current standard of care for unresectable or metastatic hepatocellular carcinoma (HCC), into a Phase 3 trial for the first-line treatment of liver cancer.</li>
<li>Ambow Education Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBO#NYSE">AMBO</a>) shares declined 12.3% to $1.50 in pre-market trading.</li>
<li>Shuttle Pharmaceuticals Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHPH#NASDAQ">SHPH</a>) declined 12.2% to $1.58 in pre-market trading as the company priced its $4.5 million public offering of 2,950,820 at-the-market under Nasdaq rules.</li>
<li>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) shares fell 8.6% to $152.00 after the company reported third-quarter financial results.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) fell 8.4% to $47.17 in pre-market trading after gaining around 9% on Tuesday.</li>
</ul>
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Why Alphabet Shares Are Trading Higher By Around 6%; Here Are 20 Stocks Moving Premarket

Haoxi Health Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAO#NASDAQ">HAO</a>) reported quarterly earnings of $0.04 per share. This is unchanged from the same period last year. The company reported $48.52 million in sales this quarter. This is a 71.87 percent increase over sales of $28.23 million the same period last year.

Earnings

Haoxi Health Technology FY EPS $0.04, Same YoY, Sales $48.52M Up From $28.23M YoY

<h3>Gainers</h3>
<ul>
<li>Global Mofy AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) stock moved upwards by 8.6% to $0.45 during Thursday's after-market session. The market value of their outstanding shares is at $12.7 million. </li>
<li>Lytus Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYT#NASDAQ">LYT</a>) shares moved upwards by 6.41% to $1.99. The company's market cap stands at $3.7 million. </li>
<li>Society Pass (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOPA#NASDAQ">SOPA</a>) stock rose 5.0% to $1.0. The company's market cap stands at $3.1 million. </li>
<li>Haoxi Health Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAO#NASDAQ">HAO</a>) shares increased by 4.66% to $0.22. The market value of their outstanding shares is at $7.9 million. </li>
<li>Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) shares increased by 3.26% to $710.07. The market value of their outstanding shares is at $304.7 billion. The company's, Q3 earnings came out today. </li>
<li>Grupo Televisa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TV#NYSE">TV</a>) stock increased by 2.8% to $2.45. The market value of their outstanding shares is at $1.3 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sify Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) stock declined by 7.5% to $3.45 during Thursday's after-market session. The company's market cap stands at $1.4 billion. </li>
<li>Paltalk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALT#NASDAQ">PALT</a>) shares decreased by 4.94% to $2.31. The market value of their outstanding shares is at $21.3 million. </li>
<li>Kuke Music Hldg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KUKE#NYSE">KUKE</a>) shares decreased by 4.62% to $0.9. The company's market cap stands at $35.6 million. </li>
<li>Brera Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BREA#NASDAQ">BREA</a>) stock fell 3.91% to $0.96. The company's market cap stands at $12.8 million. </li>
<li>Direct Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRCT#NASDAQ">DRCT</a>) shares fell 3.85% to $2.75. The company's market cap stands at $39.4 million. As per the press release, Q2 earnings came out 2 days ago. </li>
<li>LQR House (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQR#NASDAQ">LQR</a>) stock fell 3.81% to $0.5. The market value of their outstanding shares is at $2.6 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Thursday's After-Market Session

Haoxi Health Technology shares are trading lower. The company announced preliminary FY24 financial results.

Haoxi Health Technology Limited (the "Company" or "HAO"), an online marketing solution provider headquartered in Beijing, China, today announced preliminary unaudited financial results for the fiscal year ended June 30, 2024 ("FY24"). &nbsp;
HAO projects revenue growth during FY24, which it attributes to the Company's strategic development in online advertising solutions, particularly through short video formats and news feed ads. The Company's proprietary data analysis software, Bidding Compass, enables it to optimize ad placements, which it believes has driven growth in both revenue and profit for FY24.
Key financial highlights (projected preliminary, unaudited results) are provided as below:
<ul>
<li>Revenue: Approximately $48.52 million for FY24, reflecting a 72% increase compared to $28.23 million in the fiscal year ended June 30, 2023 ("FY23").</li>
<li>Gross Profit: Approximately $2.75 million for FY24, reflecting a 33.4% increase from $2.06 million in FY23.</li>
<li>Net Income: Approximately $1.29 million for FY24, reflecting a 33.2% increase from $0.97 million in FY23.
<ul>
<li>Total Assets: As of June 30, 2024, the Company's total assets increased to approximately $15.51 million, from $4.46 million at the end of FY23, reflecting HAO's operational scale and capital utilization after its initial public offering ("IPO").</li>
</ul>
</li>
</ul>

Guidance

Haoxi Health Technology Announces Preliminary FY24 Revenue Of ~$48.52M Up From $28.23M YoY

<h3>Gainers</h3>
<ul>
<li>Fangdd Network Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) stock moved upwards by 32.7% to $1.42 during Friday's pre-market session. The market value of their outstanding shares is at $9.1 million. </li>
<li>Antelope Ent Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) stock rose 11.48% to $0.92. The market value of their outstanding shares is at $11.2 million. </li>
<li>AirNet Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANTE#NASDAQ">ANTE</a>) stock increased by 8.68% to $0.31. The market value of their outstanding shares is at $4.4 million. </li>
<li>Blue Hat Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHAT#NASDAQ">BHAT</a>) shares rose 8.01% to $0.34. The company's market cap stands at $19.6 million. </li>
<li>Global Mofy AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) shares moved upwards by 7.45% to $0.73. The company's market cap stands at $20.9 million. </li>
<li>WiMi Hologram Cloud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIMI#NASDAQ">WIMI</a>) stock rose 6.46% to $0.99. The company's market cap stands at $97.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>VS Media Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSME#NASDAQ">VSME</a>) shares fell 6.6% to $1.13 during Friday's pre-market session. The market value of their outstanding shares is at $3.6 million. </li>
<li>Haoxi Health Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAO#NASDAQ">HAO</a>) stock decreased by 4.88% to $0.41. The company's market cap stands at $14.7 million. </li>
<li>Sound Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOGP#NASDAQ">SOGP</a>) shares declined by 4.64% to $1.85. The company's market cap stands at $9.7 million. </li>
<li>Motorsport Games (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSGM#NASDAQ">MSGM</a>) stock fell 3.34% to $1.45. The company's market cap stands at $5.6 million. </li>
<li>Treasure Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGL#NASDAQ">TGL</a>) shares fell 3.13% to $1.24. The market value of their outstanding shares is at $2.3 million. </li>
<li>Skillz (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKLZ#NYSE">SKLZ</a>) shares decreased by 3.0% to $5.51. The company's market cap stands at $96.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AEHL

MSGM

SKLZ

SOGP

VSME

WIMI

12 Communication Services Stocks Moving In Friday's Pre-Market Session

Guo Previously Served As Financial Reporting Manager At Company Subsidiary
- SEC Filing

Management

Haoxi Health Technology Ltd Announces CFO Change As Bo Lv Resigns For Personal Reasons; Board Appoints Yu Guo As New CFO Effective September 25, 2024, With A One-Year Term

Haoxi Health Technology Limited (the "Company" or "HAO"), an online marketing solution provider headquartered in Beijing, China, today announced a strategic partnership with an AI platform, Gauss Intelligence (Beijing) Technology Co., Ltd., a subsidiary of Global Mofy AI Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>). This collaboration aims to leverage the advanced capabilities of Gausspeed, a cutting-edge generative AI platform, alongside HAO's extensive application scenarios to deliver transformative AI marketing solutions. &nbsp;
Through this partnership, Global Mofy will provide the powerful AI capabilities of the Gausspeed platform, while HAO will contribute its rich industry knowledge and practical application expertise. Together, the two companies will focus on three key areas: enhancing big data analysis, automating creative content generation, and improving intelligent decision-making processes that deliver optimal digital marketing solutions to the Company's vast client base.
Global Mofy is a leading digital asset bank in China, managing over 100,000 digital assets. The company specializes in virtual content and 3D asset development, with offices in Beijing, Zhejiang, and California, aiming to enhance the digital content and entertainment industries.

Haoxi Health Technology Limited And Global Mofy AI Ltd Announce Strategic Partnership Aiming To Leverage The Advanced Capabilities Of Gausspeed, Alongside HAO's Application Scenarios To Deliver Transformative AI Marketing Solutions

U.S. stocks traded higher toward the end of trading, with the S&amp;P 500 gaining around 100 500 points on Thursday.
The Dow traded up 1.28% to 42,032.26 while the NASDAQ rose 2.65% to 18,038.75. The S&amp;P 500 also rose, gaining, 1.80% to 5,719.64.
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Leading and Lagging Sectors Information technology shares jumped by 3.3% on Thursday.
In trading on Thursday, utilities shares fell by 0.5%.
Top Headline
Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) reported first-quarter financial results on Thursday.
The company reported adjusted earnings per share of $1.75, missing the analyst consensus estimate of $1.83. Quarterly sales of $2.76 billion missed the street view of $2.80 billion.
FactSet said it sees fiscal 2025 revenue of $2.285 billion–$2.305 billion versus $2.301 billion estimate and adjusted EPS of $16.80–$17.40 versus consensus of $17.36.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Edgewise Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWTX#NASDAQ">EWTX</a>) shares shot up 54% to $29.42 after the company announced top-line data of EDG-7500 from the Phase 1 trial in healthy subjects and the single-dose arm of the Phase 2 CIRRUS-HCMtrial in patients with obstructive HCM.</li>
<li>Shares of Signing Day Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGN#NYSE">SGN</a>) got a boost, surging 265% to $0.4737 after the company announced it will acquire sports gaming technology company Swifty Global.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares were also up, gaining 17% to $13.59 after Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) said it does not plan to divest its majority interest in the company. U.S. Fed rate cut also had a bearing on the stock price movement.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Haoxi Health Technology Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAO#NASDAQ">HAO</a>) shares dropped 75% to $0.76. Haoxi Health Technology announced the pricing of a $12 million underwritten follow-on public offering of 4 million units at a price of $3 per unit.</li>
<li>Shares of Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) were down 33% to $16.47 after a client elected to exercise an option to terminate its services agreement with the company.</li>
<li>Vivos Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VVOS#NASDAQ">VVOS</a>) was down, falling 21% to $3.26 after the company announced a $4.3 million registered offering of 1.36 million shares of common stock at $3.15 per share.</li>
</ul>
Commodities In commodity news, oil traded up 1.4% to $71.93 while gold traded up 0.6% at $2,614.30.
Silver traded up 2.2% to $31.37 on Thursday, while copper rose 1.2% to $4.35.
Euro zone
European shares were higher today. The eurozone's STOXX 600 climbed 1.38%, Germany's DAX climbed 1.55% and France's CAC 40 jumped 2.29%. Spain's IBEX 35 Index rose 0.80%, while London's FTSE 100 rose 0.91%.
The Bank of England maintained the Bank Rate at 5% during its September meeting, after cutting rates by 25 bps in August. The current account surplus in the Eurozone increased to €48 billion in July from €25.5 billion in the year-ago period.
Asia Pacific Markets
Asian markets closed higher on Thursday, with Japan's Nikkei 225 gaining 2.13%, Hong Kong's Hang Seng Index surging 2%, China's Shanghai Composite Index gaining 0.69% and India's BSE Sensex gaining 0.29%.
Hong Kong's unemployment rate came in unchanged at 3% in the three months ending August. The Hong Kong Monetary Authority cut its base rate by 50bps to 5.25% at its recent meeting.
Economics
<ul>
<li>The U.S. reported a current account deficit of $266.8 billion in the second quarter versus a gap of $241 billion in the prior period and higher than market estimates of a $260 billion gap.</li>
<li>U.S. initial jobless claims fell by 12,000 from the prior week to 219,000 in the week ending September 14, compared to market expectations of 230,000.</li>
<li>The Philadelphia Fed Manufacturing Index climbed to 1.7 in September from -7 in the previous month and topping market estimates of -1.</li>
<li>U.S. natural-gas stocks rose 58 billion cubic feet during the week that ended Sept. 13, compared to market expectations of a 53 bcf gain.</li>
</ul>
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</ul>

Equities

Eurozone

Commodities

Intraday Update

EWTX

INTC

MBLY

PGNY

VVOS

Crude Oil Gains Over 1%; Mobileye Global Shares Jump

U.S. stocks traded higher midway through trading, with the Dow Jones index jumping more than 500 points on Thursday.
The Dow traded up 1.25% to 42,023.61 while the NASDAQ rose 2.30% to 17,976.99. The S&amp;P 500 also rose, gaining, 1.60% to 5,707.97.
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Leading and Lagging Sectors Information technology shares jumped by 2.9% on Thursday.
In trading on Thursday, utilities shares fell by 0.6%.
Top Headline
FactSet Research Systems Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) reported better-than-expected results for its fiscal fourth quarter.
The company posted quarterly sales growth of 4.9% year-on-year to $562.2 million, beating the analyst consensus estimate of $546.81 million. Adjusted EPS of $3.74 beat the analyst consensus estimate of $3.62.
FactSet said it sees fiscal 2025 revenue of $2.285 billion–$2.305 billion versus $2.301 billion estimate and adjusted EPS of $16.80–$17.40 versus consensus of $17.36.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Edgewise Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWTX#NASDAQ">EWTX</a>) shares shot up 37% to $26.23 after the company announced top-line data of EDG-7500 from the Phase 1 trial in healthy subjects and the single-dose arm of the Phase 2 CIRRUS-HCMtrial in patients with obstructive HCM.</li>
<li>Shares of Signing Day Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGN#NYSE">SGN</a>) got a boost, surging 257% to $0.4545 after the company announced it will acquire sports gaming technology company Swifty Global.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares were also up, gaining 16% to $13.51 after Intel reportedly said it does not have plans to divest a majority interest in the company.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Haoxi Health Technology Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAO#NASDAQ">HAO</a>) shares dropped 79% to $0.64. Haoxi Health Technology announced the pricing of a $12 million underwritten follow-on public offering of 4 million units at a price of $3 per unit.</li>
<li>Shares of Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) were down 30% to $17.21 after a client elected to exercise an option to terminate its services agreement with the company.</li>
<li>Vivos Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VVOS#NASDAQ">VVOS</a>) was down, falling 25% to $3.10 after the company announced a $4.3 million registered offering of 1.36 million shares of common stock at $3.15 per share.</li>
</ul>
Commodities In commodity news, oil traded up 1% to $71.64 while gold traded up 0.1% at $2,600.00.
Silver traded up 1.4% to $31.115 on Thursday, while copper rose 1.1% to $4.3445.
Euro zone
European shares were higher today. The eurozone's STOXX 600 climbed 1.35%, Germany's DAX climbed 1.66% and France's CAC 40 jumped 2.11%. Spain's IBEX 35 Index rose 0.50%, while London's FTSE 100 rose 0.85%.
The Bank of England maintained the Bank Rate at 5% during its September meeting, after cutting rates by 25 bps in August. The current account surplus in the Eurozone increased to €48 billion in July from €25.5 billion in the year-ago period.
Asia Pacific Markets
Asian markets closed higher on Thursday, with Japan's Nikkei 225 gaining 2.13%, Hong Kong's Hang Seng Index surging 2%, China's Shanghai Composite Index gaining 0.69% and India's BSE Sensex gaining 0.29%.
Hong Kong's unemployment rate came in unchanged at 3% in the three months ending August. The Hong Kong Monetary Authority cut its base rate by 50bps to 5.25% at its recent meeting.
Economics
<ul>
<li>The U.S. reported a current account deficit of $266.8 billion in the second quarter versus a gap of $241 billion in the prior period and higher than market estimates of a $260 billion gap.</li>
<li>U.S. initial jobless claims fell by 12,000 from the prior week to 219,000 in the week ending September 14, compared to market expectations of 230,000.</li>
<li>The Philadelphia Fed Manufacturing Index climbed to 1.7 in September from -7 in the previous month and topping market estimates of -1.</li>
</ul>
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Dow Jumps Over 500 Points; FactSet Research Posts Upbeat Earnings

Haozi Health Technology shares are trading lower after the company announced the pricing of a $12 million underwritten follow-on public offering of 4 million units at a price of $3 per unit.

Haoxi Health Technology Shares Resume Trade

Haoxi Health Technology Shares Halted On Circuit Breaker, Stock Now Down -77.3%

U.S. stocks traded higher this morning, with the Nasdaq Composite surging more than 400 points on Thursday.
Following the market opening Thursday, the Dow traded up 1.44% to 42,100.00 while the NASDAQ rose 2.30% to 17,976.85. The S&amp;P 500 also rose, gaining, 1.65% to 5,710.85.
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Leading and Lagging Sectors Information technology shares jumped by 2.7% on Thursday.
In trading on Thursday, utilities shares fell by 0.1%.
Top Headline
U.S. initial jobless claims fell by 12,000 from the prior week to 219,000 in the week ending September 14, compared to market expectations of 230,000.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Telesis Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBIO#NASDAQ">TBIO</a>) shares shot up 245% to $4.67. Telesis Bio recently announced that it has notified the Nasdaq Stock Market of its decision to delist.</li>
<li>Shares of Signing Day Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGN#NYSE">SGN</a>) got a boost, surging 185% to $0.3702 after the company announced it will acquire sports gaming technology company Swifty Global.</li>
<li>Zeo Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZEO#NASDAQ">ZEO</a>) shares were also up, gaining 153% to $2.96 after declining around 9% on Wednesday.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Haoxi Health Technology Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAO#NASDAQ">HAO</a>) shares dropped 74% to $0.77. Haoxi Health Technology announced the pricing of a $12 million underwritten follow-on public offering of 4 million units at a price of $3/unit.</li>
<li>Shares of Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) were down 39% to $14.96 after a client elected to exercise an option to terminate its services agreement with the company.</li>
<li>Vivos Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VVOS#NASDAQ">VVOS</a>) was down, falling 23% to $3.19 after the company announced a $4.3 million registered offering of 1.36 million shares of common stock at $3.15 per share.</li>
</ul>
Commodities In commodity news, oil traded up 1.1% to $71.71 while gold traded up 0.2% at $2,602.70.
Silver traded up 2.2% to $31.355 on Thursday, while copper rose 1.7% to $4.3720.
Euro zone
European shares were higher today. The eurozone's STOXX 600 climbed 1.4%, Germany's DAX climbed 1.6% and France's CAC 40 jumped 2%. Spain's IBEX 35 Index rose 0.7%, while London's FTSE 100 rose 1%.
The Bank of England maintained the Bank Rate at 5% during its September meeting, after cutting rates by 25 bps in August. The current account surplus in the Eurozone increased to €48 billion in July from €25.5 billion in the year-ago period.
Asia Pacific Markets
Asian markets closed higher on Thursday, with Japan's Nikkei 225 gaining 2.13%, Hong Kong's Hang Seng Index surging 2%, China's Shanghai Composite Index gaining 0.69% and India's BSE Sensex gaining 0.29%.
Hong Kong's unemployment rate came in unchanged at 3% in the three months ending August. The Hong Kong Monetary Authority cut its base rate by 50bps to 5.25% at its recent meeting.
Economics
<ul>
<li>The U.S. reported a current account deficit of $266.8 billion in the second quarter versus a gap of $241 billion in the prior period and higher than market estimates of a $260 billion gap.</li>
<li>U.S. initial jobless claims fell by 12,000 from the prior week to 219,000 in the week ending September 14, compared to market expectations of 230,000.</li>
<li>The Philadelphia Fed Manufacturing Index climbed to 1.7 in September from -7 in the previous month and topping market estimates of -1.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/24/09/40937617/top-3-defensive-stocks-you-may-want-to-dump-in-september">Top 3 Defensive Stocks You May Want To Dump In September</a></li>
</ul>

TBIO

Nasdaq Surges 400 Points; US Jobless Claims Fall To 219,000

Haoxi Health Technology Limited (the "Company" or "HAO"), an online marketing solution provider headquartered in Beijing, China, today announced the pricing of its underwritten follow-on public offering (the "Offering") of 4,000,000 units (each a "Unit," and collectively, the "Units") at an offering price of $3.00 per Unit (the "Public Offering Price") for total gross proceeds of $12,000,000, before deducting underwriting discounts and other offering expenses. Each Unit consists of (i) one share of Class A Ordinary Share, par value $0.0001 per share (the "Class A Ordinary Share") (or one pre-funded warrant to purchase one Class A Ordinary Share (the "Pre-Funded Warrant")), (ii) one Series A warrant to purchase one Class A Ordinary Share (the "Series A Warrant") (subject to certain adjustments therein), and (iii) one Series B warrant to purchase such number of Class A Ordinary Share described in the prospectus of the Offering (the "Series B Warrant", together with the Series A Warrant, the "Warrants"). The Warrants will have a term of 5 years from the closing date of the Offering (the "Closing Date"). The Series A Warrant is exercisable immediately upon issuance, or the Closing Date. The Series B Warrant is exercisable at any time on or after the sixteenth (16th) calendar day from the Closing Date (the "Series B Exercise Date"). The Series A Warrants have an initial exercise price of $3.00 per Class A Ordinary Share. On the Series B Exercise Date, the exercise price of the Series A Warrant will be adjusted to $0.60 and the maximum number of Class A Ordinary Shares issuable upon exercise of the Series A Warrants will be adjusted to 20,000,000 shares. The exercise price of the Series B Warrants is $0.0001 per Class A Ordinary Share. The maximum number of shares issuable upon exercise of the Series B Warrants will be 16,000,000 shares. The Units have no stand-alone rights and will not be certificated or issued as stand-alone securities. The Class A Ordinary Shares, the Pre-Funded Warrants, and related Warrants are immediately separable and will be issued separately in the Offering.

Offerings

Haoxi Health Technology Limited Announces Pricing Of A $12M Underwritten Follow-On Public Offering Of 4M Units At A Price Of $3/Unit

<h4>Key Takeaways</h4>
<ul>
<li>Haoxi Health Tech&rsquo;s shares tanked by 28% after it announced plans to raise additional funds just a half year after its Nasdaq listing</li>
<li>The provider of digital advertising services for healthcare companies has expanded quickly since its 2018 launch, with both strong top- and bottom-line growth</li>
</ul>
By Edith Terry
Haoxi Health Technology Ltd.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hao#NASDAQ">HAO</a>) rode a post-Covid boom in China&rsquo;s healthcare sector to become one of six Chinese firms to list in the U.S. in January. It was typical of the roughly 20 Chinese and Hong Kong companies to list in New York so far this year, which have quietly raised a collective $195 million. Unlike blockbuster Chinese IPOs of the past, the latest listings have all been relatively pint-sized, including Haoxi&rsquo;s at just $11 million.
Investors lapped up Haoxi&rsquo;s story of feeding on demand for marketing services from China&rsquo;s vibrant healthcare industry, at least initially. After debuting strongly, the stock traded well above its IPO price of $4 in its first four months, valuing the company at more than $200 million at its height. But a May 5 announcement of a rebate plan to advertisers brought an abrupt end to the honeymoon, touching off a downward trend.
Those concerns accelerated after the company&nbsp;<a href="https://www.sec.gov/Archives/edgar/data/1954594/000121390024052441/ea0207663-f1_haoxi.htm">announced plans</a>&nbsp;last week to sell an additional 1.5 million shares, as well as warrants with an exercise price of $6.26 per share &ndash; the price stock at the time of the announcement. That would raise as much as $9 million, slightly less than the amount it raised in its IPO. Investors dumped the stock after that, wiping another 28% off the company&rsquo;s value in the next four trading days.
Even after the selloff, the stock&rsquo;s Tuesday close of $4.60 means the shares are still above the IPO price of $4. But it could be just a matter of time before they fall below that level if the stock keeps falling from its all-time peak of nearly $9 in early May.
Two of the biggest losers from the selloff are Haoxi Chairman and CEO Fan Zhen, who controls 91.25% of the company&rsquo;s voting power after the latest offering, and company founder and COO Xu Lei, who will hold 2.83% of the voting power. Fan&rsquo;s background lies in fintech, while Xu set up Haoxi in 2018 after a career in medical advertising.
Despite the waning investor confidence, there&rsquo;s little doubt that Haoxi&rsquo;s financials are healthy. Its revenue and profits have both been rocketing along in the last two years, buoyed by a booming Chinese industry where healthcare spending doubled between 2016 and 2021 to 7.6 trillion yuan ($1 trillion), making it the world&rsquo;s second largest market after the U.S.
Haoxi supplies advertising content generation services, mainly in the form of short videos, to healthcare providers, including dentistry. Health services is a niche of the broader digital advertising sector, accounting for about 9% of an estimated $189 billion in global spending on digital advertising in 2024, according to Statista. Third-party research in Haoxi&rsquo;s IPO prospectus said China&rsquo;s internet healthcare market was worth 343 billion yuan that year, a figure that grew during the pandemic as more people were forced to seek medical care online.
In the final six months of last year, which corresponds to the first half of Haoxi&rsquo;s fiscal year, the company&rsquo;s overall client base grew to 338 advertising customers from 183 in the year-ago period, according to its&nbsp;<a href="https://www.globenewswire.com/news-release/2024/05/31/2891494/0/en/Haoxi-Health-Technology-Limited-Reports-Unaudited-Financial-Results-for-The-Six-Months-Ended-December-31-2023.html">latest financial report&nbsp;</a>released last month. Average revenue per client increased by 39% over that time to $69,538. That translated into a 157% increase in revenue from $9.2 million to $23.5 million over the period, with its gross profit up 65% to $1.2 million.
<h3>Big Hopes</h3>
Haoxi is aiming to sign up 10% of advertisers in China&rsquo;s healthcare industry as its customers by 2025, which it would do by acquiring 150 to 200 new advertisers per year, according to its prospectus. Its name, Haoxi, translates to &ldquo;great hopes.&rdquo;
One of Haoxi&rsquo;s biggest risks is its heavy dependence on ByteDance as a partner for placement of Haoxi&rsquo;s ads. The parent of TikTok, which operates the similar Douyin service in China, was responsible for 96% of Haoxi&rsquo;s ad placements in its 2023 fiscal year, representing $34.8 million of its revenue. Drilling down into the company&rsquo;s cost structure, its cost of revenues &ndash; mostly payments to ByteDance &ndash; rose from $8.4 million in the last six months of 2022 to $22.3 million in the last six months of 2023, almost tripling.
ByteDance has become a major target for Chinese regulators lately, in a sector that has received intense scrutiny over the past few years. In 2018, the company was fined 3.7 million yuan after failing to submit ads for two healthcare products and a non-prescription drug for regulatory checks, as well as for failing to verify the content of the ads.
Another concerning metric is the explosion in Haoxi&rsquo;s accounts payable, which ballooned to about $1 million by the end of December last year from just $27,312 six months earlier. This could mean the company&rsquo;s clients are falling behind in their payments as China&rsquo;s economy slows. Haoxi&rsquo;s rebate to advertisers in May could also reflect difficulties facing the industry, forcing it to make such rebates as a form of discount.
On a more positive note, Haoxi still trades at a strong price to sales (P/S) ratio of 3.44. That&rsquo;s well ahead of the 1.0 for Shanghai-listed&nbsp;Neusoft&nbsp;(600718.SS), which provides software and technology for the healthcare industry, including e-commerce and advertising services. It also leads the 1.7 P/S for leading search engine&nbsp;Baidu&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bidu#NASDAQ">BIDU</a>), which is often seen as a benchmark for digital advertising services.
Haoxi may be too new and too small for analysts to follow just yet, but it may be just a matter of time before it gains attention for its growth potential. Simply Wall Street described it in January as a &ldquo;quality company&rdquo; based on its return on equity of 62%, and its low debt-to-equity ratio of 0.55. While its most recent fundraising may dilute existing shareholders, the issue of new shares will also boost the size of its public float, which could attract new investors looking for higher liquidity before buying in to the stock.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

General

BIDU

Haoxi Health Tech Returns To Capital Markets Six Months After IPO

DJT, BZFD among major communication services gainers; SGA, MOMO among losers

KUKE, FENG among major communication services gainers; CCG, MSGM among losers

Haoxi Health Technology Limited Class A (HAO) has released an update. Haoxi Health Technology Limited, a Beijing-based online marketing solutions p...

Haoxi Health Tech Reports Strong Revenue Growth

IPO Roundup: Lineage, OneStream Software, and more

Haoxi Health Technology stock plummets on pricing 4M units at $3 in follow-on public offering

Haoxi Health Technology Limited Class A (HAO) has released an update. Haoxi Health Technology Limited has announced the filing of a registration st...

Haoxi Health Technology Launches Securities Offering

Haoxi Health Technology Limited Class A (HAO) has released an update. Haoxi Health Technology Limited has announced the resignation of their Chief ...

Haoxi Health Appoints New CFO Amidst Resignation

Haoxi Health Technology expects FY24 revenue of about $48.52M

Reports revenue $48.5M vs. $28.2M last year. Zhen Fan, CEO, stated that, "HAO has experienced financial growth in the fiscal year ended June 30, 20...

Haoxi Health Technology reports FY24 EPS 4c vs. 4c last year

Haoxi Health Technology reports FY results

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Opinion

Press Releases

Thinking about buying stock in Nuvve, American Superconductor, Extreme Networks, Haoxi Health Technology, or Baijiayun Group?

Contracts

Haoxi Health Technology Limited Enters into Advertising Placement Service Framework Contract

Haoxi Health Technology Limited Enters into Rebate Agreement with Clients on Advertising Placement Campaign

Haoxi Health Technology Limited Reports Unaudited Financial Results for The Six Months Ended December 31, 2023

Haoxi Health Technology Limited Facilitates International Humanitarian Aid Efforts Amid Global Challenges

Haoxi Health Technology Limited Announces Pricing of a $12 Million Underwritten Follow-on Public Offering

IPOs

Haoxi Health Technology Limited Announces the Closing of a $12 Million Underwritten Follow-on Public Offering

Haoxi Health Technology Limited and Global Mofy AI Ltd Announce Strategic Partnership to Innovate AI Marketing Solutions

Haoxi Health Technology Limited Announces Preliminary Unaudited FY24 Financial Results with projected 72% Revenue Growth

Haoxi Health Technology Limited Reports Financial Results for Fiscal Year Ended June 30, 2024

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