Navigation

Related Articles

Back to Latest Articles

WIMI Stock: 10 Things to Know About Cloud Play WiMi Hologram as Shares Fly Higher Today


Sentiman io
WIMI Stock: 10 Things to Know About Cloud...

WiMi Hologram (NASDAQ:WIMI) stock is on the rise Wednesday after the company released its earnings data for the first half of 2021.

Source: Shutterstock

Let’s jump into that earnings report below to see why investors are happy with WIMI stock today!

  • WiMi Hologram starts off its earnings report with revenue of $79.9 million.
  • This is a 202.2% increase in revenue when compared to the same period of the year prior.
  • The company also saw gross profit for the period come in at $23.7 million.
  • That’s a 189.8% jump year-over-year.
  • To go along with that, net income for the first half of the year was $5 million.
  • This is a 40.3% improvement over the company’s net income from the same time last year.
  • WiMi Hologram also notes that its R&D expenses for the period were $13.3 million.
  • That’s a 463.6% jump compared to the first half of 2020.
  • WiMi Hologram is a holographic cloud comprehensive technical solution provider.
  • Its focus is on professional fields including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, and more.

Shuo Shi, founder and CEO of WiMi Hologram, said this in the earnings report boosting the company’s stock higher today.

“We believe that the demand for 3D vision in holographic AR applications is growing rapidly, which reflects the huge market potential of holographic AR business. We started to develop smart chips and provide software solutions in September 2020. For the six months ended June 30, 2021, approximately 53.1% of our revenue came from semiconductor business.”

WIMI stock was up 22.4% as of Wednesday afternoon.

There’s more stock market news to dive into below!

We’ve got all the newest stock coverage traders need all in one place. Among that is the latest concerning Workhorse (NASDAQ:WKHS), Bridgeline Digital (NASDAQ:BLIN), and Freshworks (NASDAQ:FRSH) shares today. You can find all of that info at the following links!

More Stock Market News for Wednesday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed

,

,,

Related Articles

The Market Is Gifting You a Discount in Beyond Meat Stock

The red-hot rally in Beyond Meat (NASDAQ:BYND) stock hit a road bump in late February when the plant-based meat maker reported fourth-quarter numbers that topped revenue estimates...

Posted on

Hostess Brands Earnings: TWNK Stock Up 3% on Q1 Beat

Hostess Brands (NASDAQ:TWNK) earnings for the snack company’s first quarter of 2020 have TWNK stock heading higher on Friday. This comes after reporting adjusted earnings per...

Posted on