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“Market Mavericks: Stocks Creating Ripples of Success” CLNV, TPST, HNRC, INPX

There are a number of stocks that have come on the radar of investors for one reason or another in recent days. This feature would provide you with a quick look into four of those.

Clean Vision Corporation (OTC: CLNV): The company is an emerging force in the green energy and clean technology sectors. Recently, Clean Vision Corporation announced that it had selected the development and engineering support team for the plastic conversion manufacturing plant of Clean Seas West Virginia, its fully owned subsidiary unit. The plant is located in Quincy, West Virginia.

The company revealed that Clean Seas had chosen CDI Engineering Solutions for the purpose of providing procurement, engineering, and construction services. ERM had been selected for permitting and environmental support. Lastly, Bowles Rice LLP had been chosen for regulatory and legal advisory services. Clean Vision sought to create a team that had strong knowledge of the West Virginia market and a track record of delivering high-quality services. CDI is a multifaceted engineering firm with experience spanning more than seven decades in providing integrated services throughout the United States.

Tempest Therapeutics Inc. (NASDAQ: TPST) is a clinical-stage oncology firm involved in the development of first-in-class therapeutics that are a combination of immune-mediated and targeted processes. On November 8, Tempest Therapeutics Inc. announced its financial results for the third fiscal quarter that ended on September 30, 2023.

At the end of the quarter, the company reported cash and cash equivalents of $11.1 million, which was lower than the $31.2 million it reported for the period ended December 31, 2022. Tempest Therapeutics reported a net loss to the tune of $6.8 million and a net loss per share of $0.48. However, that was an improvement on the net loss of $8.9 million and the net loss per share of $0.66 in the corresponding period in 2022. The research and development expenses for the quarter went down year on year to $4.2 million from $6 million. The decline was mainly due to a drop in costs from third-party vendors and contract research organizations.

Houston Natural Resources Corporation (OTC:HNRC) In the nine-month period ended on September 30, 2023, announced Q3 revenues of $15,241,815, which reflected a year-on-year boost of 5% from the $14,462,094 it generated in Q3 2022.Earnings of $8,871,912, which reflected growth of 9% from the $8163,923 in Q3 2022. Earnings per share (EPS) in the nine-month period stood at $0.06, a 20% rise from the earnings per share (EPS) of $0.05 in Q3 2022. Finally, Houston Natural Resources Corporation recorded a net asset value (NAV) of $0.62 per share in the third fiscal quarter amajor milestone that was achieved by the company during the quarter was the acquisition of the 100%stake in Cunningham Energy LLC.

The company had also filed a filing with FINRA for a change in name, CUSIP number, and ticker symbol. The company proposed the change of name to Cunningham Natural Resources Corporation. The company was also successful in completing the spinoff of the Worldwide Diversified Holdings Inc. assets during the quarter that resulted in a dividend paid to its shareholders.

Inpixon (NASDAQ: INPX) On November 14, the company entered the news cycle after it announced its financial results for the third fiscal quarter that had concluded on September 30, 2023. Inpixonrevealed that for the three- and nine-month periods ended on September 30, it generated revenues of $2 million and $7.2 million, respectively. In the corresponding periods in 2022, the company generated revenues of $2.4 million and $7.7 million.

The drop in revenues had been brought about by the decline in indoor intelligence sales owing to longer sales cycles. The gross profit for the three- and nine-month periods stood at $1.6 million and $5.5 million, respectively. In the prior-year periods, the gross profit was $1.7 million and $5.3 million in the corresponding periods. The gross profit margin had gone up to 78% and 77% in the three-month periods, compared to 69% in both corresponding periods in 2022. The gross profit margin had gone up owing to the lower cost of revenues on the indoor intelligence and SAVES lines of products.



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