DAVC = Moving after November 4, 2019, PR on Samsara luggage. Samsara Luggage recently signed a merger agreement with Darkstar Ventures Inc. (OTC: DAVC).
Samsara ushers in the Holiday season early offering its smart carry-on suitcase at its lowest price of the year starting now. This highly anticipated Black Friday-style deal will run throughout the holiday season to give shoppers a chance to gift themselves in time for the high travel holiday season or start their holiday shopping without the crowds and long lines.
“We know this is the time many consumers book their holiday travel and we want to be sure to offer them a special price on Samsara’s smart carry-on suitcase to get them ready,” says Atara Dzikowski, CEO of Samsara Luggage. “Kicking off the holiday shopping season with the best deal of the year allows holiday shoppers to both gift themselves and a special someone a suitcase that offers unmatched tech features that keeps you secure and safe during seasonal travel and beyond.”
Samsara’s smart carry-on suitcase is currently priced for the holiday season at a reduced price of $449, a 30% reduction from the $690 retail price. In addition, shoppers will enjoy free shipping on the smart suitcase within the continental US.
The National Retail Federation (NRF) recently announced that holiday retail sales are expected to increase “between 3.8 and 4.2 percent over 2018,” with an increase in online shopping by 11-14 percent. They continue to estimate that 40% of shoppers have already started shopping for the upcoming holiday season.
Samsara’s smart carry-on suitcase was recently named by Forbes as Best Smart Luggage of 2019, calling it the “it” bag when it comes to smart luggage. Built with aviation-grade aluminum, Samsara’s smart luggage is not only durable and fireproof, but also 20% lighter than any other aluminum case on the market today. The ergonomic design allows the luggage’s flat-top surface to double as a mobile desk. Commensurate with the product’s quality, this suitcase is recyclable for our environmentally conscientious travelers.
Samsara offers customers a way to stay connected without compromising safety. The current model has a built-in power station that allows travelers to re-charge laptops and smart phones. The removable battery complies with TSA regulations allowing customers to carry-on or check-in luggage without hassle.
Samsara’s safety features are unparalleled with any smart suitcase on the market today. The Samsara phone app sends real-time notifications to customers when the suitcase is out of range or opened. Partnered with the two-separate built in combination locks, this suitcase was made to give travelers the peace of mind they want to enjoy their travels, whether for work or pleasure.
Samsara continues to become one of the fastest growing smart luggage brands in the industry, always looking for ways to stay ahead of the tech curve. The smart luggage company continues invest in the development of new and innovative product lines with improved safety features.
CLSK = Still trending higher after November 5, 2019, article where CleanSpark announced a 10-year exclusive agreement with International Land Alliance. The agreement calls for CleanSpark to provide its microgrid Value Stream Optimizer software services to support system design and engineering as well as integrating CleanSpark’s mPULSE software into the final systems on all future energy projects across the ILAL portfolio of properties. CleanSpark will also have a right of first refusal to supply energy storage and system installation services. In conjunction with the agreement, CleanSpark will be making a direct investment in ILAL of up to $500,000 and will receive 1,000 preferred shares and 350,000 common shares in ILAL to solidify the relationship and provide for exclusivity. The initial project will be to conduct feasibility studies supported by CleanSpark’s mVSO software at Emerald Groves Estates, located in Hemet California and Costa Bajamar followed by the Oasis Park Resort. Oasis Park is entirely off-grid with each site requiring islanded microgrid power. The initial roll-out will start later this year with two Villa’s to be used as model home units. Each structure will require a comprehensive engineering plan and a microgrid management software solution which will be exclusively supplied by CleanSpark. This represents a significant revenue opportunity to CleanSpark. Depending on the size, scope and complexity of each deployment the Company expects to realize revenues ranging from approximately $2,000 to in excess of $100,000 per property. Further, in additional to single property systems the companies plan to work together to determine the feasibility of creating utility scale solutions to serve the resort properties.
SPNV = Basing after company released its earnings on November 5, 2019. Superior Energy Services announced a net loss for the third quarter of 2019 of $38.4 million, or $0.25 per share, on revenue of $425.7 million. This compares to a net loss of $71.1 million, or $0.46 per share, for the second quarter of 2019, on revenue of $436.3 million and a net loss of $21.8 million, or $0.14 per share for the third quarter of 2018, on revenue of $573.1 million.
The Company reported pre-tax charges of $9.6 million in reduction in value of assets and $2.0 million in restructuring costs, primarily in its Technical Solutions and Production Services segments. The Company also reported a gain from a legal settlement of approximately $5.8 million. The resulting adjusted net loss for the third quarter was $34.0 million, or $0.22 per share.
David Dunlap, President and CEO, commented, “Our third quarter results highlight the steady improvement occurring in U.S. offshore and international markets. Our emphasis on these markets, combined with reduced capital spending levels resulted in Superior Energy generating free cash flow and improving its cash balance.
“Despite a slight decrease in total revenue, primarily in U.S. land operations, our margins improved as we continue to right size and reorganize our operations for lower levels of activity in the U.S. land market. As the U.S. land market resets for an activity level that reflects depressed commodity prices, we will continue to seek operating efficiencies and minimize capital spending.
“In the U.S. offshore region, revenue from premium drill pipe rentals and completion tools improved as completion activity increased. International revenue also increased as demand for premium drill pipe and bottom hole assemblies continued to grow.
“In spite of the extremely difficult landscape in U.S. land markets, we believe we have exposure to competitively advantaged markets globally in which to focus our efforts. Pursuing our highest margin opportunities, controlling costs and reduced capital expenditures have resulted in an improved cash position. Our cash balance grew by $25.8 million during the quarter and has increased by $101.8 million since the end of 2018. We expect this momentum to continue and look forward to continuing to build cash for the remainder of the year.”
Third Quarter 2019 Geographic Breakdown
U.S. land revenue was $231.6 million in the third quarter of 2019, a decrease of 12% as compared with revenue of $263.0 million in the second quarter of 2019, and a 42% decrease compared to revenue of $396.8 million in the third quarter of 2018. U.S. Land revenue was down only 6% sequentially after adjusting second quarter revenue for the disposition of the drilling rig service line. U.S. offshore revenue increased 12% to $93.0 million as compared with revenue of $83.0 million in the second quarter of 2019, and a 3% increase from revenue of $90.2 million in the third quarter of 2018. International revenue of $101.1 million increased by 12% as compared with revenue of $90.3 million in the second quarter of 2019 and increased 17% as compared to revenue of $86.1 million in the third quarter of 2018.
Drilling Products and Services Segment
The Drilling Products and Services segment revenue in the third quarter of 2019 was $111.2 million, a 10% increase from second quarter 2019 revenue of $100.7 million and a 12% increase from third quarter 2018 revenue of $99.2 million.
U.S. land revenue remained flat at $46.6 million, U.S. offshore revenue increased 21% sequentially to $33.9 million and international revenue increased 21% to $30.7 million.
Onshore Completion and Workover Services Segment
The Onshore Completion and Workover Services segment revenue in the third quarter of 2019 was $145.1 million, an 11% decrease from second quarter 2019 revenue of $163.5 million, and a 51% decrease from third quarter 2018 revenue of $294.9 million. On a sequential basis, the decrease in revenue is almost entirely attributable to the disposition of the drilling rig service line during the second quarter of 2019.
Production Services Segment
The Production Services segment revenue decreased in the third quarter of 2019 by 4% to $98.7 million from $103.0 million in the second quarter of 2019, and decreased by 7% from third quarter 2018 revenue of $105.9 million.
U.S. land revenue was $32.6 million, a 16% decrease from second quarter revenue of $38.8 million. U.S. offshore revenue decreased 15% sequentially to $18.3 million and international revenue increased by 12% sequentially to $47.8 million.
Technical Solutions Segment
The Technical Solutions segment revenue in the third quarter of 2019 was $70.7 million, a 2% increase from second quarter 2019 revenue of $69.1 million and a 3% decrease from third quarter 2018 revenue of $73.1 million.
U.S. land revenue decreased 46% sequentially to $7.3 million. U.S. offshore revenue increased 22% sequentially to $40.8 million and international revenue remained flat at $22.6 million.
BMIX = Brazil Minerals, Inc. (OTC: BMIX) announced today that the first run of the production of diamonds from its current mining site was better than expected. Diamondiferous gravel was extracted, transported, and processed through a nearby first-stage recovery plant. The resulting high-probability partially-processed ore was then further separated by granulometric characteristics into “small”, “medium”, and “large size” material, each of which needs to be further processed for final recovery of rough diamonds. The attached photograph shows two of the rough diamonds recovered from the first complete run of the “small size” material.