Growth Of Rental Industries – BCN Stay http://bcn-stay.com/ Fri, 17 Sep 2021 21:43:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://bcn-stay.com/wp-content/uploads/2021/06/icon-2-150x150.png Growth Of Rental Industries – BCN Stay http://bcn-stay.com/ 32 32 The load bank rental market will represent healthy growth by 2027 and https://bcn-stay.com/the-load-bank-rental-market-will-represent-healthy-growth-by-2027-and/ https://bcn-stay.com/the-load-bank-rental-market-will-represent-healthy-growth-by-2027-and/#respond Fri, 17 Sep 2021 14:54:00 +0000 https://bcn-stay.com/the-load-bank-rental-market-will-represent-healthy-growth-by-2027-and/ Another primary objective of this Load Bank Rental market report is to identify business issues and resolve them on time. He is trained in such a way as to help estimate the disadvantages and reduce the risks. It further aims to make the marketing approach profitable to make business lucrative. In order to help companies […]]]>

Another primary objective of this Load Bank Rental market report is to identify business issues and resolve them on time. He is trained in such a way as to help estimate the disadvantages and reduce the risks. It further aims to make the marketing approach profitable to make business lucrative. In order to help companies plan production and form effective strategy, it helps a lot by providing tactics and identifying customer demands. The important data provided in the market analysis greatly helps the companies to increase their sales in the business and generate huge revenue from it. Various market sectors as well as applications are even introduced in this analysis to improve the global market. Market developments in different regions and leading verticals are also described here. This Absolute Load Bank Rental market report is the systematic study regarding market conditions and business growth factors. It tries to review the current and probable visions of enlargement.

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This comprehensive report on the Load Bank Rental market also sheds light on the position of the manufacturers in the market. It helps bring his business to market. Not only that, but market analysis also offers many new opportunities for new entrepreneurs. Such a comprehensive market report helps to know the forecasts of new market innovations. It also helps you learn more about the regions covered such as Asia Pacific, North America, Africa, Europe and Latin America. This comprehensive market analysis sheds light on the current market conditions and hence greatly helps new key players entering the market to make quick decision and define their market position.

Major manufacturing:
Holt from california
Sun belt rental
United Rentals
Kennard rental
The North Bridge
Starline power
Direct load banks
Sustainable Technologies Pvt. Ltd.
Jovyatlas
Optimal food services
How
World Power Supply, LLC.
Food products around the world
Byrne Equipment Rental
CSME Power Systems
front
Energy
Gregory Poole
Tatsumi Ryoki
LM Generating Power Company Ltd.
Aggreko
Rental charge

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Global Load Bank Rental Market: Application Segments
Energy production
Government / Military
Maritime / Shipyards
Oil, gas and nuclear
Data centers
Industrial
Other

Loadbank rental market: type Outlook
Resistive load bank
Reactive load bank
Resistive / reactive load bank

Contents
1 Report overview
1.1 Definition and scope of the product
1.2 PEST (Political, Economic, Social and Technological) Analysis of the Power Bank Rental Market

2 Market trends and competitive landscape
3 Market segmentation of load bank rental by types
4 Market segmentation of load bank rental by end users
5 Market Analysis by Major Regions
6 products on the load bank rental market in the main countries
7 North America Load Bank Rental Landscape Analysis
8 Analysis of the load bank rental landscape in Europe
9 Asia-Pacific Load Bank Rental Landscape Analysis
10 Landscape Analysis of Load Bank Rental in Latin America, Middle East and Africa
11 Profile of the main players

This Load Bank Rental Market report covers general concentrations as well as changes with most recent items that may impact market conditions as a whole. All the information regarding COVID-19 and its effects that the undeniable industrial regions have challenged is associated with the overall market report. Some short and broad quarters are contained and explained in detail for juvenile business visionaries who wish to appreciate the market and derive useful increments from it. Any advance in this market report is essentially the result of prolonged assignment of affiliations. In addition, we see that North America is arguably the most resolute trading region in the world. Despite this, the market is expanding due to widespread awareness of IT advancements in countries like Asia Pacific and India. Market entry methods, current cycle chain development, and advancement speed of the overall market are all explained in this in-depth market report. Lately, there have been various advancements in development which pushes the market to take incredible progression paths.

In-Depth Car Rental Market Report: Target Audience
Load bank rental manufacturers
Downstream suppliers and end users
Load Bank Rental merchants, distributors and resellers
Loadbank rental industry associations and research organizations
Product managers, load bank rental industry administrator, C-level industry executives
Market studies and consulting firms

The market research of the rental of load bank is a perfect tool, which provides the best approach to achieve functional and proper results. Such innovative market analysis provides useful insights with perfect approach. It also provides insights into factors related to the growth of the market by performing data-driven research analysis. This information is of great help to key players in overcoming competition and overcoming fears. The factors related to the market growth mentioned in this Load Bank Rental market research report are the combination of facts provided by expert analysts as well as advisers. It further aims to provide an assessment of the market growth for the period 2021-2027. Orderly assessments of market forces are also described here. The detailed data covered here helps players meet business priorities, including those that are critical. Industry players as well as enterprise stakeholders benefit tremendously from this market research report to benefit from their business performance.

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Contact
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Focus on Trends, Challenges and Competitive Landscape – Analysis and Forecast (2021-2030) – Stillwater Current https://bcn-stay.com/focus-on-trends-challenges-and-competitive-landscape-analysis-and-forecast-2021-2030-stillwater-current/ https://bcn-stay.com/focus-on-trends-challenges-and-competitive-landscape-analysis-and-forecast-2021-2030-stillwater-current/#respond Fri, 17 Sep 2021 11:20:13 +0000 https://bcn-stay.com/focus-on-trends-challenges-and-competitive-landscape-analysis-and-forecast-2021-2030-stillwater-current/ Absolute Markets Insight’s recent Cloud Kitchen Market report, using a comprehensive perspective, provides readers with an assessment of the global market landscape. This study on Cloud Kitchen market analyzes the scenario for the period from 2021 to 2030. The report empowers readers to make important business decisions on the basis of large amount of information […]]]>

Absolute Markets Insight’s recent Cloud Kitchen Market report, using a comprehensive perspective, provides readers with an assessment of the global market landscape. This study on Cloud Kitchen market analyzes the scenario for the period from 2021 to 2030. The report empowers readers to make important business decisions on the basis of large amount of information contained in the research.

On-demand services are multiplying all over the world. With the proliferation of internet and smart devices, many users are venturing into the digital sphere and industries are quickly catching up with this trend. The hotel and catering industry is in its changing world. In crowded business centers like New York and London, owning land for business purposes would mean spending a fortune. In Manhattan, for example, rental rates for commercial space range from US $ 75 to US $ 2,000 per square foot. If an individual is considering opening a restaurant, additional costs such as waiter salaries and installing furniture will weigh more heavily on them. This is where the concept of cloud cooking comes in. Almost all industries are trying “cloud” based solutions to reduce capital and operating costs. Cloud kitchens meet the needs of people who prefer the online food delivery mechanism. With the growing popularity of online food delivery companies such as Uber Eats, DoorDash, and GrubHub, the cloud cooking market is expected to show considerable growth in the coming years, especially in the APAC region.

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Kitchen spaces can be used by a single brand or be shared between several brands. This allows stakeholders to reduce their investment and operating costs, thus increasing the profit margin. Some cloud kitchens also offer home delivery themselves, aside from working with other online food delivery companies. Once an order is placed through its website or an online food delivery platform, the food is prepared and shipped. Businesses do not need to focus on front business, allowing them to focus fully on the food preparation process. They can also easily expand to other cities due to the lack of heavy investment. Additionally, with the COVID-19 outbreak, the cloud kitchen market will be a lucrative investment for years to come. As social distancing has become a necessity, people are relying more on virtual kitchens for a variety of cuisines, thus increasingly contributing to the growth of cloud kitchens, which is possibly the future of the industry. Restoration.

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The detailed research study provides qualitative and quantitative analysis of the Cloud Kitchenette market. The market has been analyzed from both the demand and the supply side. The demand analysis covers the market revenue across all regions and further across all major countries. Supply analysis covers key market players along with their regional and global presence and strategies. The geographic analysis carried out focuses on each of the major countries in North America, Europe, Asia-Pacific, the Middle East and Africa and Latin America.

Main conclusions of the report:

  • In terms of revenue, the business segment accounted for the highest share in 2018. The availability of capital and the ability to utilize the popularity of their brand which earns the trust of users contributes to their growth.
  • On the basis of supply, the solutions segment is expected to show the maximum growth, due to the increasing demand for kitchen spaces and kitchen furnishing solutions.
  • Regarding geography, North America accounted for the maximum share of the global cloud kitchen market in 2018. This can be attributed to the advanced research and development technologies present in the region.
  • Some of the players operating in the cloud kitchen market PAR Technology Corp, KitchenPodular, Kitchen United, Cloud Kitchen, Deliverect, DoorDash, REEF Technology, Keatz, Taster, Zomato Media Pvt Ltd, REBEL FOODS, Deliveroo, The Food Corridor, PAR Technology Corp, KitchenPodular and Kitchen United, among

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Cloud Cooking Market:

  • By end user
  • By offering
  • By type
    • Independent Cloud Kitchen
    • Shared cloud kitchen
    • Others
  • By geography
  • North America
  • S
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • France
  • Great Britain
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • The rest of europe
  • Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • South East Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia-Pacific
  • Middle East and Africa
  • Saudi Arabia
  • United Arab Emirates
  • Egypt
  • Kuwait
  • South Africa
  • Rest of Middle East and Africa
  • Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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COVID still wreaks havoc on the Northwestern national hospitality industry https://bcn-stay.com/covid-still-wreaks-havoc-on-the-northwestern-national-hospitality-industry/ https://bcn-stay.com/covid-still-wreaks-havoc-on-the-northwestern-national-hospitality-industry/#respond Thu, 16 Sep 2021 19:10:52 +0000 https://bcn-stay.com/covid-still-wreaks-havoc-on-the-northwestern-national-hospitality-industry/ Part is due to the evolution of practices, zoom meetings, etc. in part because of COVID-related travel and business restrictions. Regardless, the American Hotel and Lodging Association (AHLA) says the industry is expected to close 2021 down $ 59 billion from 2019 figures. Trips are canceled, reduced or postponed, some still due to COVID concerns. […]]]>

Part is due to the evolution of practices, zoom meetings, etc. in part because of COVID-related travel and business restrictions.

Regardless, the American Hotel and Lodging Association (AHLA) says the industry is expected to close 2021 down $ 59 billion from 2019 figures.

Trips are canceled, reduced or postponed, some still due to COVID concerns. As for jobs in the industry, they should end the year with some 500,000 fewer jobs than in 2019.

AHLA and Kalibri Labs recently conducted a survey covering many aspects of the industry. They found that while many industries rebound, the hospitality industry and workers are still struggling.

The ten cities reported by the AHLA that are expected to lose the most business hotel revenue are New York, Washington DC and San Francisco (1-2-3) as well as Chicaco and LA.

The ten states that are expected to lose the most are California, Florida, New York (1-2-3) as well as Illinois, Massachusetts and Nevada.

As for the Pacific Northwest, Seattle is in 14th place for the most lost hotel business travel revenue, while Portland is in 25th place. Seattle’s revenue is down 85% from 2019, while Portland’s 74%.

Part of that, however, especially for Portland, can be attributed to the violence and riots that have taken place over the past two years, and Seattle has had to deal with CHOP.

These incidents, along with rising crime rates, have prompted many businesses and industries to move conventions and meetings away from the two cities.

To view the actual loss chart via Kalibri Labs, click the button below.

50 famous brands that no longer exist


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The size of the crawler excavator market in France will be valued at USD 1437.1 million, with a compound annual growth rate (CAGR) of 4.27% in volume during the period 2021-2027. https://bcn-stay.com/the-size-of-the-crawler-excavator-market-in-france-will-be-valued-at-usd-1437-1-million-with-a-compound-annual-growth-rate-cagr-of-4-27-in-volume-during-the-period-2021-2027/ https://bcn-stay.com/the-size-of-the-crawler-excavator-market-in-france-will-be-valued-at-usd-1437-1-million-with-a-compound-annual-growth-rate-cagr-of-4-27-in-volume-during-the-period-2021-2027/#respond Thu, 16 Sep 2021 11:54:00 +0000 https://bcn-stay.com/the-size-of-the-crawler-excavator-market-in-france-will-be-valued-at-usd-1437-1-million-with-a-compound-annual-growth-rate-cagr-of-4-27-in-volume-during-the-period-2021-2027/ In-depth analysis and data-driven insights into the impact of COVID-19 included in this France Crawler Excavator Market Strategic Assessment and Forecast Report. The size of the crawler excavator market in France will be valued at USD 1437. New York, September 16, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “France Crawler Excavator […]]]>

In-depth analysis and data-driven insights into the impact of COVID-19 included in this France Crawler Excavator Market Strategic Assessment and Forecast Report. The size of the crawler excavator market in France will be valued at USD 1437.

New York, September 16, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “France Crawler Excavator Market -Strategic Assessment & Forecast 2021-2027” – https://www.reportlinker.com/p06150812/?utm_source=GNW
1 million, growing at a compound annual growth rate (CAGR) of 4.27% in volume over the period 2021-2027

The demand for high-end excavators is mainly driven by medium to large scale surface mining tasks, such as mining in France’s metal mines for iron, copper and gold. Over the past 3-4 years, the French crawler excavator market has grown, fueled by government initiatives like the “Macron Law”.

OVERVIEW OF THE TRACKED EXCAVATOR MARKET IN FRANCE

• The size of the crawler excavator market in France in 2021 was estimated at USD 1,036.1 million in revenue and 15,496 units in volume.
• In France, the rental activity is developing rapidly in the sector. With the majority of OEMs offering rental services in this space, most of the equipment rental industry in France is dominated by unorganized players.
• Increased development of urban infrastructure and strong growth in tourism are also expected to boost demand for excavators.
• High durability crawler excavators are used for demolition in France.
• The demand for 101 HP-200 HP is largely driven by the construction and mining industries of end users of the crawler excavator in France.

HIGHLIGHTS OF THE REPORT

• By shifting to intelligent systems driven by IoT and data analytics for service, networking and sustainability, the crawler excavator market is evolving into a more innovative industry.
• In terms of end users, the construction industry is expected to generate the highest demand for crawler excavators and is expected to continue to dominate the industry during the forecast period.
• The French crawler excavator by forestry is expected to reach $ 67.5 million by 2027, with a CAGR of 5.36%.
• Hitachi Construction Machinery is a leading manufacturer of construction and mining machinery. Hydraulic excavators are HCM’s main product line, with the company offering several models ranging from medium and micro excavators to ultra-large 780 ton excavators.

FRANCE MARCHE TRACKED EXCAVATOR –
SEGMENTATION ANALYSIS

• The market for mini crawler excavators in France is expected to reach 14,760 units by 2027.
• The construction sector in France is driving demand for medium-sized excavators, and the construction of “Grand Paris” is stimulating the development of new projects in the region.
• The agriculture crawler excavator in France is expected to reach $ 90.5 million by 2027, growing at a CAGR of 5.79%.

Market segmentation by excavator type and operating weight
• Mini (Less than 6 tons)
• Small (6-24 tons)
• Medium (25-40 tons)
• Large (over 40 tonnes)

Market segmentation by application
• Construction
• Mining
• Agriculture
• Forestry
• Others

Market segmentation by gross power
• 61-101 HP
• 102-200 CV
•> 201 CV

SELLER’S LANDSCAPE

Caterpillar, Komatsu, Hitachi Construction Machinery and SANY are key suppliers to the French crawler excavator industry. Manufacturers are making operational advancements in their hydraulic excavator motors, hydraulic systems, structures, tracks and cabin construction to improve fuel efficiency and competitiveness. Manufacturers of heavy construction equipment have produced several extremely fuel efficient devices to compete with other suppliers.

Main suppliers

• Caterpillar
• Komatsu
• Hitachi construction machinery
• SANY
• Volvo construction equipment
• Kobelco Construction Machinery Europe BV
• JCB
• Hyundai Construction Equipment Europe
• Doosan Infracore

Other important suppliers

• Sumitomo construction machinery
• Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
• LeeBoy
• Kubota machines
• Ingersoll Rand
• Liebherr Group

Rental companies

• LOXAM
• Algeco
• Bouygues Travaux Publics
• Kiloutou

WHY BUY THIS REPORT?

This report is among the few in the market that offers an analysis of the outlook and opportunity in terms of:
• Volume (Unit sales)
Type
o Type of excavator and weight in working order
Candidacy
o Gross output power
• Value (USD)
Type
o Type of excavator and weight in working order
Candidacy
o Gross output power
• Acquire competitive intelligence on the economic scenario, the advantages in France of major projects and investments, market dynamics, market shares
• Examples of latest technologies
• Get presentation-ready format and easy-to-interpret data.
• Enable decision-makers to make informed and profitable choices
• Obtain quantitative and qualitative analysis from experts on value / volume growth projections of the Crawler Excavator market share in France
• Complete supply chain analysis
• Get a COVID-19 impact analysis of the market.
• Company profile of 16 major suppliers

ANSWERS TO KEY QUESTIONS:
1. At what CAGR is the France crawler excavator market expected to grow during the forecast period (2021-2027)?
2. What segments are covered in the France Crawler Excavator Market report?
3. Who are the main players in the crawler excavator market in France?
4. What are the recent technologies for the crawler excavator market in France?
5. What are the key factors for the growth of crawler excavators in France?
Read the full report: https://www.reportlinker.com/p06150812/?utm_source=GNW

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CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001


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Great Lakes (GLDD) wins several dredging contracts and increases its order book https://bcn-stay.com/great-lakes-gldd-wins-several-dredging-contracts-and-increases-its-order-book/ https://bcn-stay.com/great-lakes-gldd-wins-several-dredging-contracts-and-increases-its-order-book/#respond Tue, 14 Sep 2021 14:29:00 +0000 https://bcn-stay.com/great-lakes-gldd-wins-several-dredging-contracts-and-increases-its-order-book/ Great Lakes Dredging and Wharf Company GLDD has won several major dredging contracts valued at $ 261.3 million. As part of the Upper Bay Reach Corpus Christi Canal Improvement Project, Great Lakes will increase the depth of the Upper Bay Reach Canal from 47 feet to 54 feet and widen the channel to 530 feet, […]]]>

Great Lakes Dredging and Wharf Company GLDD has won several major dredging contracts valued at $ 261.3 million.

As part of the Upper Bay Reach Corpus Christi Canal Improvement Project, Great Lakes will increase the depth of the Upper Bay Reach Canal from 47 feet to 54 feet and widen the channel to 530 feet, with an additional 400 feet of lane for barges. The project will allow the Port of Corpus Christi to accommodate larger vehicles, including two-way traffic during periods of heavy traffic. The company has already completed the first phase of this four-phase Corpus Christi deepening project in March 2020. The US Army Corps of Engineers in the Galveston District valued the project at $ 151.9 million, of which a base award of $ 139 million, with open options. remaining to be granted of $ 12.9 million. The project is expected to start in the fourth quarter of 2021 and end in the first quarter of 2023.

Work on the Fire Island Inlet project at Montauk Point Beach – which was awarded by the US Army Corps of Engineers, New York District – involves dredging the Fire Island Inlet and putting the dredged material to good use for the sand placement at Gilgo Beach and Robert Moses State Park. This will improve protection of the shoreline from damaging storms and make navigation in inlets easier for the Coast Guard and the public. Work on the contract will begin in the fourth quarter of 2021 and is expected to be completed in the first quarter of 2022.

The third project named Thimble Shoal East Deepening Project has been awarded by the Virginia Port Authority and is expected to begin next spring, with estimated completion in August 2022. The work involves dredging portions of the Federal Thimble Shoal Shipping Canal, a efficient use of dredged material to feed the beach at Ocean View Beach, Norfolk and Ocean Park, Virginia Beach.

The southwest Mississippi River hopper dredger rental project from Baton Rouge to the Gulf of Mexico – awarded by the US Army Corps of Engineers, New Orleans District, in the second quarter – will allow Great Lakes to provide a fully equipped and equipped self-propelled trailing suction dredger to maintain work in the southwest pass of the Mississippi River and the Calcasieu River. The project is expected to start in the fourth quarter and end in the first quarter of next year.

The latest award, the Cape May Inlet Beach Renovation Project, is expected to begin in the third quarter and is expected to be completed before the end of the year. The work includes the placement of sand from a designated borrow area on two beach locations in Cape May Inlet. This project was awarded by the US Army Corps of Engineers, District of Philadelphia.

David Simonelli, Chief Operating Officer of Great Lakes, said: “Great Lakes is delighted to add these projects to our backlog of deepening, coastal protection and maintenance dredging projects that will contribute to our performance. in 2021 and will position us well for 2022. “

US dredging operation bodes well

Great Lakes, which share space with Dycom Industries, Inc. DY in the Zacks Construction products – Heavy construction industry, is the largest dredging service provider in the United States. The company mainly relies on strong domestic dredging operations, high equipment utilization, strong project execution and savings resulting from restructuring.

Image source: Zacks Investment Research

Shares of this company Zacks Rank # 5 (Strong Sell) have significantly outperformed the industry over the past three months. Its shares rose 2.4% during the said period compared to an industry decline of 13.6%.

In May, he won several major dredging jobs in Alabama, Louisiana, Florida, Arkansas, Kentucky, Mississippi, Missouri and Tennessee. These contracts, which include deepening, coastal protection and maintenance dredging work, are valued at $ 112.8 million.

We believe that the company’s strong bidding capacity and project execution will increase its performance in 2021 and beyond. Zacks’ consensus estimate for third quarter 2021 earnings is currently set at 29 cents, indicating a 52.6% year-over-year improvement.

You can see The full list of Zacks # 1 Rank (Strong Buy) stocks today here.

Actions to consider

Some higher ranked stocks in the same industry include Granite Incorporated Construction VAB and Sterling Construction Company, Inc. STRL. While Granite Construction sports a Zacks Rank # 1, Sterling carries a Zacks Rank # 2 (Buy). Granite Construction and Sterling are expected to generate earnings growth of 40% and 30.3% for the current year, respectively.

Technological IPOs with huge profit potential

Over the past few years, many popular platforms like Uber and Airbnb have finally made their way into the public markets. But the biggest wins have come from lesser-known names.

For example, electric car maker X Peng climbed + 299.4% in just 2 months. Think of it this way …

If you had put $ 5,000 in XPEV when it went public in September 2020, you could have withdrawn $ 19,970 in November.

With record amounts of cash flowing in IPOs and a record stock market, this year’s lineup could be even more lucrative.

View Zacks Tech’s Hottest IPOs Now >>

Click to get this free report

Dycom Industries, Inc. (DY): Free Inventory Analysis Report

Sterling Construction Company Inc (STRL): Free Stock Analysis Report

Great Lakes Dredge & Dock Corporation (GLDD): Free Inventory Analysis Report

Granite Construction Incorporated (GVA): Free Stock Analysis Report

To read this article on Zacks.com, click here.

Zacks investment research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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S&P and Dow announce five-day slippage ahead of CPI report https://bcn-stay.com/sp-and-dow-announce-five-day-slippage-ahead-of-cpi-report/ https://bcn-stay.com/sp-and-dow-announce-five-day-slippage-ahead-of-cpi-report/#respond Tue, 14 Sep 2021 05:20:08 +0000 https://bcn-stay.com/sp-and-dow-announce-five-day-slippage-ahead-of-cpi-report/ The S&P and Dow Jones closed in the green Monday for the first time in six sessions, ending a losing streak that began after the disappointing September 3 jobs report and persisted throughout the week last (which only lasted four days due to Labor Day). Meanwhile, the market is now gearing up for a busy […]]]>

The S&P and Dow Jones closed in the green Monday for the first time in six sessions, ending a losing streak that began after the disappointing September 3 jobs report and persisted throughout the week last (which only lasted four days due to Labor Day).

Meanwhile, the market is now gearing up for a busy week of potentially evolving data, which begins tomorrow with the most important inflation indicator, the CPI.

The Dow started this week climbing 0.76% (or nearly 262 points) to 34,869.63, while the S&P was up 0.23% to 4,468.73. These gains end five-day losing streaks for each index. However, the NASDAQ now has a four-day slippage after slipping 0.07% (or less than 10 points) to 15,105.58.

Apple (AAPL) gained 0.39% in the session after plunging 3.3% on Friday when a federal judge ruled against the company over its practices in the App Store. Apple has one of its big, flashy events tomorrow when we look at the iPhone 13 and other hardware.

Stocks are coming back from a difficult, but thankfully short, week which saw the Dow Jones plunge more than 2% while other major indices slipped more than 1.5% each.

“The streak of garbage set up by the Dow Jones Industrial Average is finally over,” Dave Bartosiak said in Surprise Trader (who added action on Tuesday despite entering the “quiet period.” See more below).

“After a frustrating week of day to day losses, the market needed a rebound. That hardly happened as the weekend move faded early. This negativity subsided at the end of the day and stocks picked up on the right foot. “

The big news tomorrow will be the consumer price index, which could move the market since inflation is a major concern for investors today despite the fact that the Fed qualifies it as “transitory”. Consumer prices are expected to rise 5.3% yoy and 0.4% mo. These would still be very high, but slightly below the previous July impression.

Friday’s PPI report showed wholesale costs for businesses were up 8.3% through August and 0.7% from the previous month.

And on Thursday we’ll have another big impression on retail sales. All of this data – jobs, inflation, retail – promises to make next week’s Fed meeting all the more important as President Jerome Powell and his friends try to decide when to start changing US monetary policy. pandemic era.

Highlights of today’s portfolio:

Actions under $ 10: The portfolio is again fully invested in 15 names with the addition today of Express (EXPR), a specialty clothing retailer focused on a younger audience with more than 500 retail and outlet stores nationwide. The winning history is mixed with two beats, one meet and one failure over the past four quarters; but the most recent report included a nice positive surprise of 106%. The increase in profit estimates pushed EXPR to an enviable Tier 2 status of Zacks (Buy). Growth expectations for this year are 57% on top of sales, but Brian is very excited for the business to return to profitability next year. This turn should generate more interest in the name. Read the full commentary for more information on adding EXPR today. In addition, this portfolio posted the best performance today, with Diana Shipping (DSX) increasing by 6.9%.

Surprise trader: How to build a better portfolio? Well, you can get exposure to solid spaces like Building Products – Home Builders, which is in the top 19% Zacks Industry Rank. That’s what Dave did on Monday by adding KB Home (KBH), which has beaten Zacks’ consensus estimate in 15 of the past 16 quarters. The company has a positive ESP profit of 1.12% for the quarter following the Wednesday September 22 bell, so the publisher expects this impressive earnings history to continue. Analysts are looking for $ 1.60, which would represent 92% year-over-year growth. Dave added KBH today with a 12.5% ​​allocation, while exiting ABM Industries (ABM) with a small loss. Learn more about today’s action in the full article.

Raw material innovators: We knew ProShares Ultra Bloomberg Natural Gas (BOIL) was a short-term investment when Jeremy added it on August 25. But the move of over 65% of the name since then might have been a bit of a surprise to the publisher. Nonetheless, BOIL hit its “and then some” target, so the portfolio sold it on Monday and took in that double-digit profit in less than three weeks. Jeremy says it might go higher, but he’s a little concerned about the overnight headlines that could bring it down quickly. The big concern is that governments might be forced to step in and stop the surge in natural gas, so let’s not be greedy. Additionally, the service took the top 5 today as EnLink Midstream (ENLC) grew 6%.

Black box trader: The portfolio replaced four names in this week’s adjustment. The stocks that were sold included:

• CBRE Group (CBRE, + 2.4%)
• Cleveland Cliffs (CLF)
• Réalogy (RLGY)
• Sonos (SONO)

The new purchases that filled these places were:

• Levi Strauss (LEVI)
• LKQ Corp. (LKQ)
• PVH Corp. (PVH)
• Textron (TXT)

Read it Black Box Trader’s Guide to learn more about this computerized service. Meanwhile, Range Resources (RRC) was the best performer on Monday, climbing 6.6%.

All my wishes,
Jim giaquinto

Click here to “test” Zacks Ultimate FOR FREE >>

Zacks investment research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Supertech homebuyers nervous after SC orders twin towers demolition, Real Estate News, ET RealEstate https://bcn-stay.com/supertech-homebuyers-nervous-after-sc-orders-twin-towers-demolition-real-estate-news-et-realestate/ https://bcn-stay.com/supertech-homebuyers-nervous-after-sc-orders-twin-towers-demolition-real-estate-news-et-realestate/#respond Mon, 13 Sep 2021 03:22:00 +0000 https://bcn-stay.com/supertech-homebuyers-nervous-after-sc-orders-twin-towers-demolition-real-estate-news-et-realestate/ Photo file NOIDA: Rashmi Bondre and her husband Manish Kumar had booked an apartment in Supertech’s Eco Village I housing project in Greater Noida in April 2010 and had pledged possession of their home by 2012. They had hoped that even if construction was delayed, they would move into their own home by 2013 and […]]]>
Photo file

NOIDA: Rashmi Bondre and her husband Manish Kumar had booked an apartment in Supertech’s Eco Village I housing project in Greater Noida in April 2010 and had pledged possession of their home by 2012.

They had hoped that even if construction was delayed, they would move into their own home by 2013 and say goodbye to monthly rental housing.

Life looked good for the newly married couple, but they didn’t get what they wanted.

In 2021 now, the couple have two children, but the dream home they booked with Supertech is still in the works.

Like the downcast couple, there are many more waiting for the house of their dreams, the real estate developer having failed to hand over the apartments despite crossing several deadlines.

On August 31, the Supreme Court ordered the demolition of the 40-story twin towers of Supertech’s Emerald Court project in Noida here for violating building regulations.

The Supreme Court ordered that the full amount of the home buyers be refunded with 12% interest from the time of booking and that the Residents Welfare Association (RWA) be paid 2 crore rupees for the harassment caused by the construction twin towers.

A bench of Judges DY Chandrachud and MR Shah said the 2014 verdict of the Allahabad High Court, which ordered the demolition of the Twin Towers, deserves no interference.

The ruling has made homebuyers, who have invested their hard-earned money in housing projects in the nation’s capital region, from Greater Noida to Gurgaon, nervous and dejected.

A day after the SC decision, Supertech said the ordinance “will not have any negative impact” on the company or its group companies, because “each project has its own RERA account and independent cost center.”

“Supertech is a financially stable and solid group. Work is proceeding on all our project sites as planned. We would like to reassure all of our customers, bankers, suppliers and other stakeholders that we will deliver all of our projects on schedule, “he said in a statement.

However, buyers are less than excited about developer’s insurance.

Rashmi Bondre said his tower was “almost ready with only a few works” while the certificate of no objection (NOC) as well as certificates of completion and occupancy had not yet been obtained from the authority. local.

“But a few families, after waiting 10 to 11 long years, have moved into the incomplete tower,” she told PTI.

“With regard to the Supreme Court ruling on the demolition of the Twin Towers, there is a possibility that the builder may file for bankruptcy or willfully lose pending cases before the National Company Law Tribunal (NCLT). Additionally, it seems very unlikely that existing projects nearing completion, ”she feared.

“The builder is already strapped for cash. Where will the company get the funds for demolition and repayment in the Twin Towers case? Obviously, in order to honor the Supreme Court ruling, funds from existing projects will again be misappropriated, ”said Bondre. .

“It was the mistake of our life to book an apartment with Supertech,” she added.

Amit Singh, who also booked a 3BHK apartment in the same Eco Village I project in 2010, said he was assured of the delivery of his apartment in 2013 but the deadline was extended until 2015.

Today, after six years, he still has not got his apartment back. Up to 95% of the cost of the apartment has been paid to the developers, he claimed.

“The SC order will definitely have an impact on my project. It will affect Supertech’s finances. The builder may leave out projects, which have virtually no construction in progress, incomplete,” the professional told PTI. 36-year-old computer science.

In Gurgaon, Lakshay Singh says he booked an apartment in Supertech’s Hill Town on Sohna Road in October 2015, with what appeared to be a promising housing project at the time, and was told he could move in by October. 2018.

Like several other pending projects, Lakshay says construction is less than 30% complete until August of this year.

“I don’t know the technical details, but in the last three years of my dealings with the staff at Supertech, I’ve been told they had a financial crisis. There was no lockdown until March 2020, or force majeure. They were already in crisis. situation and that (Supreme Court order) would add to it, “he told PTI.

Lakshay added that he paid 90 percent of the Rs 67 lakh for the 1,390 square foot apartment that had been booked.

Angered by the delay, some 80 to 100 home buyers on the project have asked the consumer court for a full refund from the builder, he added.

Homebuyers also questioned the role of banks and local authorities as they also blamed them for their plight.

In its order of August 31, the Supreme Court had highlighted the “collusion” of the builder and the local authority of Noida which led to the construction of the twin towers on several floors in the sector 93A of Noida.

Anuj Singh, who works in a private company, had also booked a 2BHK apartment in Supertech’s Hill Town project, which cost him a monthly payment of around Rs 50,000 on the mortgage he took out from the bank. .

As the COVID-19 pandemic hit the economy last year, the 40-year-old from Hisar district in Haryana decided to return to his hometown with his family, citing a lower cost of living of that of Gurgaon, where it was rented.

“I’m part of the Hill Town Home Buyers Group where we talk about the project and share updates on it. Most of the group think Supertech could go bankrupt now. They are definitely scared. , although some are hoping for reimbursement through legal cases, ”he told PTI.

“Ours is a real concern because it’s not like we put our money to invest. We want to live there but we have our money blocked now,” he said of the project, to about 15-20 km from Gurgaon town.

Anuj said the bank where he took out the home loan also raised the interest rate from 9.5% to 11.5%.

“I’m 40 now, but I’ll have to repay the loan until I’m 75. I could even die by then,” he said.

When asked about a possible solution to the long-standing problem, Anuj said homebuyers are welcome to move into some of Supertech’s other projects that are ready, but laments that these apartments cost double the amount.

“There are almost 90 percent of people like me, who just can’t do it. They are already burdened with loans, IMEs and monthly rents. They just can’t afford it,” he said. he added.


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Qualitative analysis and revenue and industry analysis of Europe Pallet Pooling (Rental) market by 2026 https://bcn-stay.com/qualitative-analysis-and-revenue-and-industry-analysis-of-europe-pallet-pooling-rental-market-by-2026/ https://bcn-stay.com/qualitative-analysis-and-revenue-and-industry-analysis-of-europe-pallet-pooling-rental-market-by-2026/#respond Fri, 10 Sep 2021 20:09:49 +0000 https://bcn-stay.com/qualitative-analysis-and-revenue-and-industry-analysis-of-europe-pallet-pooling-rental-market-by-2026/ The latest report on the Europe Pallet Pooling (Rental) market features a detailed analysis of the growth of the industry over the period 2021-2027 by incorporating the historical data and comparing it with the ongoing trends. It highlights the main drivers and limiters of growth as well as the prospects for profitability and the associated […]]]>

The latest report on the Europe Pallet Pooling (Rental) market features a detailed analysis of the growth of the industry over the period 2021-2027 by incorporating the historical data and comparing it with the ongoing trends. It highlights the main drivers and limiters of growth as well as the prospects for profitability and the associated difficulties that influence the dynamics of the industry.

The research literature integrates an in-depth explanation of market segmentation, offering a comprehensive study of the scope and size of each submarket. In addition, it encompasses detailed profiles of the top candidates to provide an explicit understanding of the strategies deployed by them, in order to help newcomers achieve notable returns in the years to come.

Market segmentation and coverage

Request a copy of this report @ https://www.nwdiamondnotes.com/request-sample/8565

Product line: Pallet grouping and pallet rental

  • Past records along with estimates of growth rate, market share and compensation associated with each product segment are mentioned in the report.

Application spectrum: FMCG, Pharmaceuticals, Electronics, Chemical and Petrochemical, Machine Manufacturing Industry, Others, by Region, North America, United States, Canada, Europe, Germany, France, United Kingdom, Italy, Russia , Nordic countries, rest of Europe, Asia-Pacific, China, Japan, South Korea, Southeast Asia, India, Australia, Rest of Asia, Latin America, Mexico, Brazil, Rest of America Latin, Middle East & Africa, Turkey, Saudi Arabia, United Arab Emirates, Rest of MEA,, By Company, Brambles Limited, Euro Pool Group, Faber Halbertsma, JPR, Korea Pallet Pool, Loscam, Schoeller Arca, IGPS Logistics LLC , Contraload NV, PECO Pallet and Demes Logistics GmbH

  • Historical data and estimates regarding the market share, product demand and growth rate of each application segment are detailed in the report.

Regional bifurcation: North America, Europe, Asia-Pacific, South America, Middle East & Africa, South East Asia

  • Information on the industry growth rate, total sales, and revenue generated by each regional market along with estimates for these is incorporated into the document.

Summary of the competitive landscape

Brambles Limited Euro Pool Group Faber Halbertsma JPR Korea Pallet Pool Loscam Schoeller Arca IGPS Logistics LLC Contraload NV PECO Pallet Demes Logistics GmbH. These companies are studied based on their product portfolio, finances, manufacturing facilities and strategies. The report also contains information on emerging competitors and new entrants for a broader picture of the competitive landscape. In this way, it formulates metrics related to mergers and acquisitions, geographic expansion, new product launches, and research and development that stakeholders can implement to amplify their profits over the estimated period.

Industry Value Chain Analysis Overview

Industry Value Chain Analysis offers in-depth information on key distributors, buyers, and sales channels, to help companies amplify profits by reducing expenses at different stages of the product lifecycle while maintaining the value of the product for end users.

Research objective:

  • Focuses on global and European Pallet Pooling (Rental) Market leading manufacturers, to define, describe and analyze sales volume, value, market share, market competition landscape, analysis SWOT and development plans over the next few years.
  • In addition, the business contributors, as business analysts of the entire value chain, have gone to great lengths to complete this group action and the bulk of the work is adding order to produce the main players with useful primary and secondary data regarding the global and European pallet pooling (rental) market.
  • Analyze competitive developments such as extensions, agreements, new product launches and acquisitions in the market.
  • To draw up a strategic profile of the main players and to analyze in depth their growth strategies.

Why select this report:

  • A comprehensive analysis of market dynamics, market state and competitive view and pallet pooling in Europe (rental) is offered.
  • Forecasts of global and European trends in the Pallet Pooling (Rental) industry will present market drivers, restraints and growth opportunities.
  • The five year forecast view shows how the market is expected to grow in the coming years.
  • All vital verticals of the global and European Pallet Pooling (Rental) industry are presented in this study, such as product type, applications and geographic regions.

Key questions answered in the report:

  • What will be the growth rate of the Europe Pallet Pooling (Rental) market and market?
  • What are the key factors driving the global and European pallet pooling (rental) market?
  • Who are the main manufacturers in the market?
  • What are the market opportunities, market risk and market overview?
  • What are the sales, revenue, and price analysis of the leading manufacturers and the Europe Pallet Pooling (rental) market?
  • Who are the distributors, traders and resellers of the Europe Pallet Pooling (Rental) market?
  • What are the opportunities and threats in the Europe Pallet Pooling (rental) market faced by the vendors in the global and European Pallet Pooling (rental) industries?
  • What are the sales, revenue, and price analysis by types and applications of the market?
  • What are the sales, revenue, and price analysis by regions of industries?

Request customization on this report @ https://www.nwdiamondnotes.com/request-for-customization/8565


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Few jobs added, but unemployment rate, new demands plummet https://bcn-stay.com/few-jobs-added-but-unemployment-rate-new-demands-plummet/ https://bcn-stay.com/few-jobs-added-but-unemployment-rate-new-demands-plummet/#respond Fri, 03 Sep 2021 17:30:00 +0000 https://bcn-stay.com/few-jobs-added-but-unemployment-rate-new-demands-plummet/ Africa Studio / Adobe Stock Only 235,000 jobs in the United States were added in August, after experiencing a hiring boom in June and July, according to Labor Department figures released Friday. Analysts expected more than 700,000 jobs to be created. But the unemployment rate has come down and initial jobless claims have fallen to […]]]>
Africa Studio / Adobe Stock

Only 235,000 jobs in the United States were added in August, after experiencing a hiring boom in June and July, according to Labor Department figures released Friday. Analysts expected more than 700,000 jobs to be created.

But the unemployment rate has come down and initial jobless claims have fallen to levels not seen since the start of the Covid crisis, according to figures released this week.

New unemployment claims for last week fell to 340,000 – the lowest level since March 2020 at the start of the pandemic, reports CNBC.

The unemployment rate fell to 5.2% from 5.4% in July, according to estimates, CNBC said.

Find the right procurement technology and supplier for your business with Spend Matters’ new 5-step “Procurement Technology Buying Guide”.

the covid Delta variant accused of weakening hiring and spreading concern about the economy, reports the Associated Press.

“Friday’s report provided many signs that the delta variant had a depressive effect on job growth last month,” the AP said. “The sectors of the economy with the lowest hiring were primarily those requiring direct contact with the public.”

The growing service sector, but limited by hiring

The service sector grew for the 15th consecutive month, although slower in August than the previous month, according to the PMI survey conducted by the Institute of Supply Management (ISM).

The services PMI fell to 61.7%, 2.4 points below the record 64.1% set in July, according to the ISM.

“There was a decline in the rate of expansion in August; however, growth remains strong for the service sector,” ISM said ‘Anthony Nieves, whose service committee surveys business leaders. “The tight labor market, material shortages, inflation and logistics issues continue to drive capacity constraints.”

The 17 service industries that recorded growth in August are: accommodation and food services; Retail business; Construction; Educational services; Information; Mining; Other services; Utilities; Public administration; Transport and warehousing; Health care and social assistance; Wholesale trade; Business Management & Support Services; Agriculture, forestry, fishing and hunting; Finance and insurance; Real estate, rental and leasing; and Professional, Scientific and Technical Services.

The only industry to report a decline is the arts, entertainment and recreation industry.

Spend Matters Analysts Review Specialized ESG Providers, August Recap

This week, Spend Matters PRO analysts Nikhil Gaur and Nick Heinzmann examined how specialist ESG providers can contribute to sustainability efforts. And Heinzmann, the head of the analyst team, recapped our August PRO coverage to give an overview of why we wrote about certain topics and providers.

Our PRO subscribers can read the full articles, but all readers can see the long introductions that frame the issues discussed. This week:

Learn more about a PRO membership.

Happy Labour Day …

Afternoon coffee will not appear on Monday, the Labor Day holiday in the United States. The chronicle will return on Tuesday.

Make a technological selection? Get shortlisted quickly with TechMatch℠ – the latest way to make SolutionMap vendor rankings actionable by your business.


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SCHMITT INDUSTRIES: MANAGEMENT REPORT AND ANALYSIS OF THE FINANCIAL POSITION AND OPERATING RESULTS (Form 10-K) https://bcn-stay.com/schmitt-industries-management-report-and-analysis-of-the-financial-position-and-operating-results-form-10-k/ https://bcn-stay.com/schmitt-industries-management-report-and-analysis-of-the-financial-position-and-operating-results-form-10-k/#respond Tue, 31 Aug 2021 20:05:30 +0000 https://bcn-stay.com/schmitt-industries-management-report-and-analysis-of-the-financial-position-and-operating-results-form-10-k/ PREVIEW Schmitt Industries Inc. ("Schmitt," "Company" or "Registrant" or "we") is a holding company owning subsidiaries engaged in diverse business activities. We purchase companies where we believe we can help operate more effectively to achieves their full potentials. We continually assess strategic opportunities to improve shareholder value. Schmitt's operating businesses include propane tank monitoring solutions, […]]]>

PREVIEW

Schmitt Industries Inc. ("Schmitt," "Company" or "Registrant" or "we") is a
holding company owning subsidiaries engaged in diverse business activities. We
purchase companies where we believe we can help operate more effectively to
achieves their full potentials. We continually assess strategic opportunities to
improve shareholder value.



Schmitt's operating businesses include propane tank monitoring solutions,
precision measurement solutions and ice cream production and distribution. Our
subsidiaries include our Measurement Segment ("SMS") and our Ice Cream Segment,
which is comprised of our recent acquisition of Ample Hills.



                                       18

   Table of Contents



As described in Note 12- Discontinued Operations, the Company sold the Schmitt
Dynamic Balance Systems ("SBS") business line on November 22, 2019. After the
sale of the SBS business, but prior to the acquisition of Ample Hills, the
Company conducted an analysis and determined that, based on the types of
products and services sold, and the manner in which the Company reviews and
manages operations, that it operated as one segment. Subsequent to the Ample
Hills acquisition, the Company determined that it had two distinct segments: the
Measurement Segment and the Ice Cream Segment.



On July 9, 2020, Buyer entered into an Asset Purchase Agreement (the
"Agreement"), dated as of June 29, 2020, with Ample Hills. The transactions
contemplated by the Agreement (the "Transactions") closed on July 9, 2020, the
day after a sale order approving the Transactions was entered by the Bankruptcy
Court (defined below). The Ample Hills entities were debtors-in-possession under
title 11 of the United States Code, 11 U.S.C. § 101 et seq. pursuant to
voluntary petitions for relief filed under Chapter 11 of the Bankruptcy Code on
March 15, 2020 in the Bankruptcy Courts. The Transactions were conducted through
a Bankruptcy Court-supervised process, subject to Bankruptcy Court-approved
bidding procedures, approval of the Transactions by the Bankruptcy Court, and
the satisfaction of certain closing conditions.



RECENT DEVELOPMENTS



Strategic Highlights


As disclosed above, the Company acquired the Ample Hills ice cream business as
of July 9, 2020. Following the Transactions, Ample Hills began reopening retail
locations, rehiring Ample Hills team members, and reopened the Red Hook ice
cream factory in Brooklyn, New York. Further, on May 28, 2021, the Company
opened a new retail location in Brooklyn, New York, bringing its total retail
locations to 11 as noted above. As the Transactions occurred after Fiscal 2020,
the results of Ample Hills are not reflected in the Company's results for Fiscal
2020, but are included in the results for Fiscal 2021 and anticipated to be a
significant component of the Company's results in fiscal years subsequent to the
acquisition.


SIGNIFICANT ACCOUNTING POLICIES

The analysis of the Company's financial condition and results of operations are
based upon our Consolidated Financial Statements, which have been prepared in
accordance with Generally Accepted Accounting Principles in the U.S. ("GAAP").



In preparing the Consolidated Financial Statements certain estimates and
judgments are required that affect the reported amounts within the Consolidated
Statement of Operations and Balance Sheet. Note 2 - Summary of Significant
Accounting Policies, in the accompanying Notes to the Consolidated Financial
Statements describes the significant accounting policies and methods used in the
preparation of our Consolidated Financial Statements.



Management affirms that the estimates, assumptions and judgments involved in the accounting policies described in Note 2 – Summary of significant accounting policies have the greatest potential impact on our consolidated financial statements and have deemed them to be our methods and critical accounting estimates.



                                       19

   Table of Contents



Revenue Recognition



The Company generates revenues from the following sources: (i) retail restaurant
sales, (ii) factory sales, (iii) measurement product sales, and (iv) remote
tank
monitoring services.



Retail Restaurant Sales, net



The Company's Ice Cream Segment generates revenues from retail restaurant sales
to its end-user customers at the time of sale, net of discounts, coupons,
employee meals, and complimentary meals and gift cards. Sales tax is collected
from customers and remitted to governmental authorities and is presented on a
net basis within revenue in our Consolidated Statement of Operations.



Factory Sales, net



The Company's Ice Cream Segment generates revenues from sales of finished goods
from its Brooklyn, New York factory, including wholesale, e-commerce, and
direct-to-consumer sales. These revenues, net of sales tax paid to states, are
recognized when control of the goods is transferred to the customer, in
accordance with the terms of the applicable agreement. The Company also
generates revenues by providing manufacturing production services to third
parties, and recognizes revenues as services are provided to the customer.


Measurement Product Sales



The Company's Measurement Segment determines the amount of revenue it recognizes
associated with the transfer of each product. For sales of products to all
customers, each transaction is evaluated to determine whether there is approval
and commitment from both the Company and the customer for the transaction;
whether the rights of each party are specifically identified; whether the
transaction has commercial substance; whether collectability from the customer
is probable at the inception of the contract and whether the transaction amount
is defined. If a transaction to sell products meets all of the above criteria,
revenue is recognized for the sales of product at the time of shipment.



The Company incurs commission expense associated with the sales of certain
measurement products. The Company applies the practical expedient allowed under
Accounting Standards Codification ("ASC") 340-40-25-4 by recognizing the expense
at the time the product is shipped. These amounts are recorded within general,
administrative and sales expense. The Company also incurs costs related to
shipping and handling of its products, the costs of which are expensed as
incurred as a component of cost of sales.



Remote tank monitoring services

The Company's Measurement Segment revenues associated with the Xact product line
include satellite focused remote tank monitoring products and related monitoring
services for markets in the Internet of Things environment ("IoT").



The Company determines the amount of revenue it recognizes associated with the
transfer of such services. For delivery of monitoring services to all customers,
each transaction is evaluated to determine whether there is approval and
commitment from both the Company and the customer for the transaction; whether
the rights of each party are specifically identified; whether the transaction
has commercial substance; whether collectability from the customer is probable
at the inception of the contract and whether the transaction amount is defined.
If a transaction to provide monitoring services meets all of the above criteria,
revenue is recognized at the completion of the month in which monitoring
services are provided.



Customer deposits and prepayments

The Company defers revenue recognition in cases where consideration is received from customers before the Company fulfills its obligations in exchange for such consideration.



                                       20

   Table of Contents



Business Combinations


In accordance with ASC 805 - Business Combinations ("ASC 805"), the Company
allocates the purchase consideration to the identifiable assets acquired and
liabilities assumed in business combinations based on their acquisition-date
fair values. The excess of the purchase consideration over the amounts assigned
to the identifiable assets and liabilities is recognized as goodwill, or if the
fair value of the net assets acquired exceeds the purchase consideration, a
bargain purchase gain is recorded. Factors giving rise to goodwill generally
include operational synergies that are anticipated as a result of the business
combination and growth expected to result in economic benefits from access to
new customers and markets. The fair values of identifiable intangible assets
acquired in business combinations are generally determined using an income
approach, requiring financial forecasts and estimates as well as market
participant assumptions.



The incremental financial results of the Ample Hills acquisition are included in
the Company's consolidated financial results from the respective acquisition
date.



Bargain Purchase Gain



In connection with the acquisition of Ample Hills during Fiscal 2021, the
Company recorded an initial bargain purchase gain of $1,271,615 that was
recorded as a component of other income on the Consolidated Statement of
Operations. As a result of additional information obtained during the
measurement period about the facts and circumstances that existed as of the
acquisition date, the Company recorded measurement period adjustments during the
year, which resulted in a reduction in the bargain purchase gain for Fiscal 2021
to $1,138,808. The adjustments related to additional cure payments made during
the year, the discovery of obsolete inventory, and the reduction of the deferred
tax liability. The bargain purchase gain amount represents the excess of the
estimated fair value of the net assets and intangibles, described below,
acquired over the estimated fair value of the consideration transferred to the
sellers and their landlords. In accordance with ASC 805, we have estimated the
fair value of the net assets acquired as of the acquisition date.



Intangible assets and depreciation

Intangible assets with indefinite useful life




The Company's indefinite-lived assets, included tradenames and trademarks for
the Company's Ice Cream Segment. The Company reviews the carrying values of
identifiable intangibles annually or whenever events or changes in circumstances
indicate that such carrying values may not be recoverable as required by ASC
350, Intangibles - Goodwill and Other. This guidance provides the option to
first assess qualitative factors to determine whether it is more likely than not
that the fair value of a reporting unit is less than its carrying value. If,
based on a review of qualitative factors, it is more likely than not that the
fair value of a reporting unit is less than its carrying value, the Company
performs a quantitative analysis. If the carrying value of a reporting unit
exceeds its fair value, we measure any intangible impairment losses as the
amount by which the carrying amount of a reporting unit exceeds its fair value,
not to exceed the total amount of the intangible allocated to that reporting
unit.


Unforeseen events, changes in circumstances, market conditions and material
differences in the value of intangible assets due to changes in estimates of
future cash flows could negatively affect the fair value of the Company's assets
and result in a non-cash impairment charge. Some factors considered important
that could trigger an impairment review include the following: significant
underperformance relative to expected historical or projected future operating
results, significant changes in the manner of the Company's use of acquired
assets or the strategy for its overall business and significant negative
industry or economic trends.



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Intangible assets with finite lives

Amortizable intangible assets include purchased technology and patents for the
Company's Measurement Segment and proprietary recipes and the Company's website
for its Ice Cream Segment. These assets are amortized over their estimated
useful lives ranging from three to fifteen years.



The Company reviews finite-lived intangible assets for impairment annually or
whenever events or changes in circumstances indicate the carrying amount of the
asset may not be recoverable. Recoverability is determined by comparing the
forecasted future net undiscounted cash flows from the operations to which the
assets relate, based on management's best estimates using the appropriate
assumptions and projections at the time, to the carrying amount of the assets.
If the carrying value is determined to be in excess of such undiscounted cash
flows, the asset is considered impaired and a loss is recognized equal to the
amount by which the carrying amount exceeds the estimated fair value of the
assets, which is determined by discounting future projected cash flows.



Inventories, net



Inventories are valued at the lower of cost or net realizable value with cost
determined on the average cost basis. Costs included in inventories consist of
materials, labor and manufacturing overhead, which are related to the purchase
or production of inventories. Write-downs, when required, are made to reduce
excess inventories to their net realizable values. Such estimates are based on
assumptions regarding future demand and market conditions. If actual conditions
become less favorable than the assumptions used, an additional inventory
write-down may be required.



Lease Accounting - Leases



The Company evaluates their leases to determine if they have the right to
control the use of an asset, or groups of assets, for a period of time in
exchange for consideration. If the determine that they have the right to obtain
substantially all of the economic benefits arising from the use of such asset,
the recognize a right-of-use asset and lease liability. The Company evaluates
each lease to estimate their expected term which includes renewal options that
they are reasonably assured that they will exercise and they also evaluate the
classification of the lease as either an operating lease or a finance lease. As
the Company's leases do not provide an implicit rate, the Company must estimate
an incremental borrowing rate based on the information available at the time the
lease is commenced or amended. The estimated rate is directly utilized in
determining the present value of the lease payments. As the Company does not
have any outstanding debt other than the PPP loans discussed in Note 16 -
Long-Term Debt, to the extent not forgiven, or committed credit facilities, the
Company must estimate the incremental borrowing rate based on prevailing
financial market conditions, peer company credit analyses and management
judgment. The Company asses their right-of-use assets for impairment whenever
events or changes in circumstances indicate that the carrying value of such
assets may not be recoverable.



Changes in assumptions regarding lease renewals and estimated incremental
borrowing rates may produce materially different amounts in the initial
recognition of right-of-use assets and lease liabilities. Additionally, an
inability to perform on the Company's strategic revenue and cash flow growth
plans could result in the recognition of impairment losses in future periods and
could be material.



Income Taxes


The Company accounts for income taxes using the asset and liability method. This
approach requires the recognition of deferred tax assets and liabilities for the
expected future tax consequences of temporary differences between the carrying
amounts and the tax basis of assets and liabilities. Deferred tax assets are
reduced by a valuation allowance if, based on the weight of available evidence,
it is more likely than not that some portion or all of the deferred tax assets
will not be realized. Management continues to review the level of the valuation
allowance on a quarterly basis. There can be no assurance that the Company's
future operations will produce sufficient earnings to allow for the deferred tax
asset to be fully utilized. The Company currently maintains a full valuation
allowance against net deferred tax assets.



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Each year the Company files income tax returns in the various taxing
jurisdictions in which it operates. These tax returns are subject to examination
and possible challenge by the taxing authorities. Positions challenged by the
taxing authorities may be settled or appealed by the Company. As a result, there
is an uncertainty in income taxes recognized in the Company's financial
statements in accordance with ASC Topic 740. The Company applies this guidance
by defining criteria that an individual income tax position must meet for any
part of the benefit of that position to be recognized in an enterprise's
financial statements and provides guidance on measurement, de-recognition,
classification, accounting for interest and penalties, accounting in interim
periods, disclosure, and transition.



Discussion of operating results from continuing operations




The Company has previously reported segment information for their two identified
reportable segments: Balancer and Measurement. As described in the accompanying
Consolidated Financial Statements, the Company sold the SBS business line on
November 22, 2019. This entity composed substantially all of the business
activities of the Company's legacy Balancer Segment. Subsequent to this sale,
management determined the Company had a single reportable segment (until the
acquisition of Ample Hills on July 9, 2020). Subsequent to the acquisition of
Ample Hills, the Company determined they have two segments: the Measurement
Segment and the Ice Cream Segment. The foregoing information presents the
balances and activities of the Measurement Segment for Fiscal 2021 and Fiscal
2020 and the activities of the Ice Cream Segment for Fiscal 2021.



COVID-19 Update



As of May 31, 2021, all of our manufacturing facilities and retail shops were
operational. Throughout the COVID-19 pandemic, the Company has been adhering to
mandates and other guidance from local governments and health authorities,
including the World Health Organization and the Centers for Disease Control and
Prevention. The Company has taken extraordinary measures and invested
significantly in practices to protect employees and reduce the risk of spreading
the virus, while continuing to operate where permitted and to the extent
possible. These actions include additional cleaning of our facilities,
staggering crews, incorporating visual cues to reinforce social distancing,
providing face coverings and gloves, as well as implementing daily health
validation at our manufacturing and office facilities. We expect to continue to
incur costs to maintain these precautionary measures for the foreseeable future.
The health and safety of our employees and our communities is our highest
priority.



Key Leadership Changes


At October 27, 2020, the Company announced the appointment of Lillian tung as the fifth member of its Board of Directors, with effect October 27, 2020.

At November 6, 2020, the Company announced the appointment of Philippe Bosco as CFO, in force December 1, 2020.



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RESULTS OF OPERATIONS



                                                      Fiscal Year Ended May 31,
                                        2021                             2020
Ice Cream Segment revenues         $  4,043,436           51.4 %    $          -              -
Measurement Segment revenues          3,820,914           48.6 %       4,189,924          100.0 %
Total revenue, net                    7,864,350          100.0 %       4,189,924          100.0 %
Cost of sales                         4,593,588           58.4 %       2,239,376           53.4 %
Gross profit                          3,270,762           41.6 %       1,950,548           46.6 %
General, administrative and
sales                                12,045,174          153.2 %       4,061,621           96.9 %
Impairment of intangible assets         903,422           11.5 %           
   -              -
Transaction costs                       125,167            1.6 %               -              -
Research & development                   83,130            1.1 %          68,849            1.6 %
Total operating expenses             13,156,893          167.3 %       4,130,470           98.6 %
Operating loss                       (9,886,131 )       (125.7 %)     (2,179,922 )        (52.0 %)
Bargain purchase gain                 1,138,808           14.5 %               -              -
Interest expense                        (19,038 )         (0.2 %)              -              -
Other income, net                       273,023            3.5 %         322,980            7.7 %
Loss before income taxes             (8,493,338 )       (108.0 %)     (1,856,942 )        (44.3 %)
Income tax benefit                     (403,666 )         (5.1 %)        (14,638 )         (0.3 %)
Net loss from continuing
operations                           (8,089,672 )       (102.9 %)     (1,842,304 )        (44.0 %)
Income from discontinued
operations, net of tax                        -              -         5,722,879          136.6 %
Net (loss) income                  $ (8,089,672 )       (102.9 %)   $  3,880,575           92.6 %



Year ended May 31, 2021 Compared to the closed financial year May 31, 2020

Consolidated Revenue - Consolidated revenue increased $3,674,426, or 87.7%, to
$7,864,350 in Fiscal 2021 from $4,189,924 in Fiscal 2020. The increase was
driven by the new Ice Cream Segment, which generated $4,043,436 in sales during
Fiscal 2021, accounting for 51.4% of total revenue for the fiscal year, offset
by a decrease in the Measurement Segment sales of $369,010, or 8.8%, to
$3,820,914 which accounted for 48.6% of total revenue. No revenues for the Ice
Cream Segment are included in Fiscal 2020 due to the acquisition occurring
subsequent to Fiscal 2020 year end.



Ice Cream Segment Revenue - The Ice Cream Segment encompasses the operations of
Ample Hills and focuses on the wholesale and retail sales of their ice cream and
related products through a network of 11 individual retail locations located in
New York, New Jersey and California, in addition to sales on the Company's
website. Revenues for the Ice Cream Segment for Fiscal 2021 were $4,043,436.



Measurement Segment Revenue - The Measurement Segment includes two main product
lines: the Acuity product line, which includes laser-based distance measurement
and dimensional sizing laser sensor, and the Xact product line, which includes
ultrasonic-based remote tank monitoring products and related monitoring revenues
for markets in the LoT environment. All activity in the Company's Measurement
Segment was conducted in North America in Fiscal 2021 and substantially all
in
Fiscal 2020.



Measurement Segment Revenue decreased $369,010, or 8.8%, to $3,820,914 in Fiscal
2021 as compared to $4,189,924 in Fiscal 2020. The decrease in Fiscal 2021 is
driven by a decrease in Acuity and Xact product revenue of $162,684, or 9.7%,
and $216,138, or 26.2%, respectively. Additionally, other revenue decreased
$120,845, or 72.2%. These decreases were partially offset by an increase in Xact
monitoring revenue of $130,657, or 8.6%, in Fiscal 2021 as the Company's
installed base of monitoring devices continues to grow.



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Revenue by product line for the Measurement Segment for Fiscal 2021 compared to
Fiscal 2020 were as follows:



                                         Fiscal Year Ended, May 31,             Year-Over-Year Change
                                               2021             2020              $               %
Acuity                                   $    1,510,437     $ 1,673,121     $   (162,684 )        (9.7 %)
Xact - Product                                  608,976         825,114         (216,138 )       (26.2 %)
Xact - Monitoring                             1,654,867       1,524,210          130,657           8.6 %
Other                                            46,634         167,479         (120,845 )       (72.2 %)
 Total Measurement Segment
revenue-current product lines            $    3,820,914     $ 4,189,924     $   (369,010 )        (8.8 %)



Gross Margin - Consolidated gross margin for Fiscal 2021 decreased 5.0% to 41.6%
as compared to 46.6% in Fiscal 2020, primarily due to lower gross margins in the
newly acquired Ice Cream Segment and increased material costs for the
Measurement Segment due to market effects of the COVID-19 pandemic.



Measurement Segment gross margin for Fiscal 2021 decreased 2.6% to 44.0% as
compared to 46.6% in Fiscal 2020. The decrease was due to an increase of
material costs due to the market effects of the COVID-19 pandemic and a decrease
of sales from its discontinued product line, which had no associated cost of
sales.



Ice Cream Segment gross margin was 39.4% in Fiscal 2021. As the Company
continues to manage the day-to-day operations of the business and as capital
improvements are placed into service, the Company expects to be able to identify
opportunities to drive additional revenue and volume through their factory,
which will improve gross margin.



Operating Expenses - Consolidated operating expenses increased $9,026,423, or
218.5% to $13,156,893 in Fiscal 2021 compared to $4,130,470 in Fiscal 2020. This
increase was primarily due to the inclusion of the Ice Cream Segment, which had
operating expenses of $9,411,447 in Fiscal 2021 and accounted for 71.5% of total
operating expenses. Operating expenses for the Measurement Segment decreased
$385,024 or 9.3%, to $3,745,446 in Fiscal 2021 from $4,130,470 in Fiscal 2020.
Further detail of the increase in operating expenses include the following
items
in Fiscal 2021:


Impairment of assets with indefinite duration of $ 903,422.

Increased professional fees $ 279,673, or 19.5%, to $ 1,714,708 during fiscal year 2021

compared to $ 1,435,035 during fiscal year 2020. The increase is mainly attributable to

Taking into account the 2021 financial year Vast hills professional fees totaling $ 705,150 this

were not included in fiscal 2020, offset by a decrease in professional fees

   within the Measurement Segment.



The increase in operating expenses was partially offset by the following:

The stock-based compensation expense has decreased $ 87,503, or 24.7% at $ 266,545; in taxation

2021 compared to $ 354,048 in 2020. The majority of compensation in shares in

fiscal year 2021 and fiscal year 2020 were due to the issuance and acquisition of the performance

   based Restricted Stock Units ("RSUs").




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Bargain Purchase Gain - As previously noted above, in connection with
acquisition of Ample Hills during Fiscal 2021, the Company recorded a bargain
purchase gain of $1,271,615 that was recorded as a component of net income.
Adjustments of $132,807 were recorded to the bargain purchase gain subsequent to
the initial recording of the gain that reduced the bargain purchase gain to
$1,138,808. The adjustments related to additional cure payments made during the
year, the discovery of obsolete inventory, and the reduction of the deferred tax
liability. This bargain purchase gain represents the excess of the estimated
fair value of the net assets acquired over the estimated fair value of the
consideration transferred to the sellers and their landlords.



Other Income - Other income primarily consists of rental income, interest income
and foreign currency exchange gain (in Fiscal 2020 only) and other income. Other
income was $273,023 for Fiscal 2021 as compared to $322,980 for Fiscal 2020. The
decrease in other income was primarily due to the Tosei restricted cash
write-off of $219,872 that was settled in May of 2021, partially offset by an
increase in rental income of $181,495 or 96.8% to $369,159 in Fiscal 2021 as
compared to $187,664 in Fiscal 2020 due to rent collected under the lease
executed with Tosei in November of 2019.



Interest income was $9,661 for Fiscal 2021 as compared to $67,129 for Fiscal
2020. Interest income was offset by interest expense of $19,038 and $2,435 for
Fiscal 2021 and Fiscal 2020, respectively. Fluctuations in interest income are
impacted by the levels of our average cash and investment balances and changes
in interest rates.


Benefit from Income Taxes - The effective tax rate in Fiscal 2021 was 4.7%, as
compared 1.2% in Fiscal 2020. The effective tax rate on consolidated net (loss)
income in Fiscal 2021 and 2020 differs from the federal statutory tax rate
primarily due to changes in the deferred tax valuation allowance and the impact
of certain expenses not being deductible for income tax reporting purposes.



Net loss - Net loss from continuing operations in Fiscal 2021 was $8,089,672, or
$2.15 per fully diluted share, and net loss from continuing operations in Fiscal
2020 was $1,842,304, or $0.47 per fully diluted share. The increase in net loss
for Fiscal 2021 was primarily due to the Ice Cream Segment's operating loss of
$6,299,858, the Measurement Segment's operating loss of $1,789,814 and an
impairment of intangible assets of $903,422, partially offset by the inclusion
of a $1,138,808 bargain purchase gain in Fiscal 2020 as a result of the
acquisition of Ample Hills, which was not present in Fiscal 2021 results.



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   Table of Contents



NON-GAAP FINANCIAL MEASURES



Adjusted EBITDA - Adjusted EBITDA, which excludes certain reorganization, legal
and other professional expense and inventory adjustments, was ($7,834,723) for
Fiscal 2021 as compared to Adjusted EBITDA of ($573,502) in Fiscal 2020.



Reconciliation of EBITDA to Adjusted EBITDA - Adjusted EBITDA for Fiscal 2021
and Fiscal 2020 is calculated as follows on a consolidated basis and by segment:



                                                         Fiscal Year Ended May 31,
                                                           2021             2020

Loss before taxes on profits from continuing operations $ (8,493,338) $ (1,856,942)
Depreciation and amortization

                              549,223          

161,137

EBITDA from continuing operations                     $ (7,944,115 )   $ (1,695,805 )
Adjusted for:
Bargain purchase gain                                   (1,138,808 )       

Impairment of intangible assets                            903,422         

Stock-based compensation                                   266,545         

354,048

Income from discontinued product line                      (46,934 )       (167,479 )
Reorganization, legal, and transaction fees                125,167         

842 162

Inventory valuation adjustments                                  -         

76,099

Software write-downs                                             -         

17,473

Adjusted EBITDA from continuing operations            $ (7,834,723 )   $  
(573,502 )



LIQUIDITY AND CAPITAL RESOURCES

The Company’s working capital decreased $ 8,005,511 To $ 2,947,953 at the end of the 2021 financial year compared to $ 10,953,464 at the end of Fiscal Year 2020. The decrease in working capital during Fiscal Year 2021 is mainly explained by the following:

Cash and cash equivalents decreased $ 6,113,841 To $ 4,032,690 at the end of

        Fiscal 2021 as compared to $10,146,531 at the end of Fiscal 2020. The
        decrease in cash in Fiscal 2021 was primarily due to the net loss from

continuation of the activities of $ 8,089,672 with the compensatory market

        purchase gain of $1,138,808. In addition, cash and cash equivalents
        included proceeds from the sale of SBS in Fiscal 2020.




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· From the May 31, 2021, the Company had no restricted cash, a decrease compared to May 31st,

   2020 of $420,000.



Increased accounts payable $ 316,090 To $ 583,750 at the end of the 2021 financial year as

   compared to $267,660 at the end of Fiscal 2020.



Payroll charges have increased $ 441,236 To $ 527,608 at the end of the exercise

2021 compared to $ 86,372 at the end of fiscal 2020.

Accrued expenses have increased $ 199,797 To $ 465,146 at the end of the 2021 financial year as

   compared to $265,349 at the end of Fiscal 2020.



Other accrued charges increased $ 107,098 To $ 694,590 at the end of the exercise

   2021 as compared to $587,492 at the end of Fiscal 2020.



The Company had no short-term portion of long-term lease debts at the end of

Fiscal year 2020. After the implementation of the update of accounting standards (“ASU”)

N ° 2016-02, Baux (Subject 842) on June 1, 2019, the Company has registered a

long term rental liabilities. At the end of the 2021 financial year, the Company

$ 1,042,331 in the current part of long-term rental debts, mainly

related to leases acquired under the Vast hills acquisition.

The Company has not received any loans under the PPP in tax matters

2020 and, as such, had no short-term portion of long-term debt. As a result of

COVID-19 relief in fiscal year 2021, the Company recorded the

        portion of PPP totaling $541,691 as of the end of Fiscal 2021.



These decreases were partially offset by the following:

Accounts receivable, net, increased $ 579,719 To $ 1,154,645 at the end of the exercise

2021 compared to $ 574,926 at the end of fiscal 2020.

Increased inventories $ 493,953 To $ 1,553,310 at the end of the 2021 financial year as

compared to $ 1,059,357 at the end of fiscal 2020.

Prepaid expenses increased $ 137,671 To $ 198,345 at the end of the 2021 financial year as

   compared to $60,674 at the end of Fiscal 2020.




Net cash used in operating activities for continuing operations was $6,939,962
in Fiscal 2021 as compared to cash used in operating activities of $228,994 in
Fiscal 2020. The net loss of $8,089,672, a bargain purchase gain of $1,138,808,
an increase in accounts receivable of $579,719, an decrease in deferred income
taxes of $453,238, an increase in rent, utility deposits and ERP deposits of
$206,628, and an increase in prepaid expenses of $84,388 were the primary
drivers of the overall operating cash usage for Fiscal 2021, offset by an
impairment of indefinite-lived intangible assets of $903,422, non-cash lease
costs of $735,709, depreciation and amortization of $549,223, stock based
compensation expense of $266,545, and an increase in accrued liabilities and
customer deposits of $793,082, accounts payable of $316,090 and inventories of
$138,147. In Fiscal 2020, net income of $3,880,575, depreciation and
amortization of $161,137, stock-based compensation of $354,048 and an increase
in inventories of $181,775, accounts payable of $165,094, accrued liabilities
and customer deposits of $328,450 and accrued taxes of $265,349, offset by a
gain on sale of discontinued operations before income taxes of $5,166,845 were
the primary drivers of the overall operating cash usage for Fiscal 2020.



Net cash used in investing activities for continuing operations was $3,035,184
in Fiscal 2021 as compared to net cash provided by investing activities of
$10,396,607 for Fiscal 2020. The net cash used in investing activities for
Fiscal 2021 is driven by the $1,665,854 acquisition of Ample Hills, in addition
to purchases of property and equipment and upgrades totaling $1,404,830, to
increase factory capabilities, establish the Ample Hills commissary, and
renovate retail locations, which includes $438,370 for the opening of a new
Ample Hills retail location in Brooklyn, New York. Schmitt's Measurement Segment
incurred expenditures associated with the build out of Xact monitoring tool of
$110,253 in Fiscal 2021.  Fiscal 2020 investing activity is related to the sale
of the SBS business. See Note 12 - Discontinued Operations, to the financial
statements below for further details.



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Net cash provided by financing activities was $3,441,305 in Fiscal 2021 as
compared to net cash used in financing activities of $1,391,576 for Fiscal 2020.
The net cash provided by financing activities was primarily due to the proceeds
from the Paycheck Protection Program totaling $4,059,556, offset by repayments
to the program of $264,476, the repurchase of common stock related to the stock
buyback program totaling $234,517 and the repurchase of RSUs totaling $65,975.
The net cash used in financing activities for Fiscal 2020 was due to the
repurchase of shares from a large company stockholder totaling $1,350,681. See
the notes to the financial statements for further details on the share
repurchase.



Management is seeking to sell the assets held for sale, which would be a source
of liquidity. Additionally, a stockholder of the Company has committed to
providing additional capital up to $1,300,000, to the extent necessary to fund
operations.


We believe our existing cash and cash equivalents combined with the cash we
anticipate generating from operating and financing activities will be sufficient
to meet our working capital requirements for the next twelve months. In the
Fiscal Year ended May 31, 2021, the Company had a significant reduction in its
cash and cash equivalents due to planned capital expenditures. The Company's
plans for the current Fiscal Year do not require capital investments at the
same
level.



The Company's primary source of working capital is cash generated through the
sale of assets as the company realigns its operating businesses and PPP loans.
As of May 31, 2021, our available funds consisted of $4,032,690 in cash and cash
equivalents. The Company is seeking to sell real estate used in connection with
SBS Business unit which was sold in 2019. The Company may also seek additional
financing for working capital purposes or to facilitate accelerating its
business plans. Any subsequent financing may have dilutive effects on our
current shareholders. Shareholder Sententia Capital Management, LLC which is
controlled by Michael Zapata, the Company's Chairman and CEO, has committed
$1,300,000, to the extent necessary to fund operations through August 31, 2022.



QUARTERLY FINANCIAL DATA – Continuing operations

In thousands, except information per share



                                               Fiscal Quarter of 2020 Ended,
                                8/31/2019       11 /31/2019       2/28/2020       5/31/2020
Consolidated revenue          $     1,095     $       1,033     $     1,095     $       967
Gross profit                  $       477     $         390     $       604     $       480
Net loss                      $      (222 )   $        (676 )   $      (240 )   $      (704 )
Net loss per share, basic     $     (0.06 )   $       (0.17 )   $     (0.06 )   $     (0.18 )
Net loss per share, diluted   $     (0.06 )   $       (0.17 )   $     (0.06
)   $     (0.18 )




                                                       Fiscal Quarter of 2021 Ended,
                                         8/31/2020       11/30/2020       2/28/2021       5/31/2021
Consolidated revenue                   $     1,507     $      2,030     $     1,668     $     2,659
Gross profit                           $       608     $        962     $       831     $       870
Net income (loss)                      $       151     $     (2,366 )   $    (2,420 )   $    (3,455 )
Net income (loss) per share, basic     $      0.04     $      (0.63 )   $     (0.64 )   $     (0.92 )
Net income (loss) per share, diluted   $      0.04     $      (0.63 )   $  
  (0.64 )   $     (0.92 )



Recently issued accounting guidelines




Refer to Note 3 - Recently Issued Accounting Guidance in the accompanying Notes
to the Consolidated Financial Statements for a discussion of recent accounting
pronouncements.



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