Boston, MA -- (SBWIRE) -- 09/06/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (Organovo Holdings Inc (NYSEMKT:ONVO), Millennial Media, Inc.(NYSE:MM), Boyd Gaming Corporation (NYSE:BYD), Titan Machinery Inc. (NASDAQ:TITN)
Organovo Holdings Inc (NYSEMKT:ONVO) stock fell 0.67% to $5.95. The company on August 12 reported on its financial results for the three-month period ended June 30, 2013. For the three months ended June 30, 2013, total revenues were approximately $0.1 million were $0.2 million or 67% below the approximately $0.3 million in revenues for the same period in 2012. The Company also had negative cash flow from operations of $2.7 million during the three months ended June 30, 2013, with end-of-period cash and cash equivalents of approximately $12.8 million and an accumulated deficit of $70.1 million.
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Millennial Media, Inc.(NYSE:MM) shares increased 1.37% to $6.64. The company agreed to acquire Jumptap Inc. for about $225 million in stock, scooping up a competitor in the market for mobile-device advertising. Jumptap investors will get about 24.6 million Millennial Media shares, based on their Aug. 9 price.
Additionally, the company on August 12 reported financial results for the second quarter ended June 30, 2013. For the second quarter of 2013, net loss, on a GAAP basis, was $3.1 million, compared to net loss of $2.2 million for the second quarter of 2012. For the second quarter of 2013, on a GAAP basis, basic and diluted net loss per share was $0.04, compared to basic and diluted net loss per share of $0.03 for the second quarter of 2012.
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Boyd Gaming Corporation (NYSE:BYD) shares fell 1.48% to $11.97. The company on August 1 announced that it has priced a public offering of 16,500,000 shares of its common stock at $12.00 per share. Total gross proceeds from the offerings will be approximately $198,000,000.
Additionally, the company on July 30 reported a second quarter net income of $11.6 million or $0.13 per share compared with $0.97 million or $0.01 per share during the same quarter last year. The company reported adjusted breakeven per share for the quarter. The company posted net revenues of $738.7 million, from $614.1 million during the comparable quarter last year. Analysts expected the company to report breakeven per share on revenues of $740.33 million for the quarter.
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Titan Machinery Inc. (NASDAQ:TITN) stock gained 3.10% to $17.65. The company on Sept. 5 reported a decline in second-quarter profit, reflecting mainly softer equipment margins. Revenues for the quarter climbed 19 percent and topped analysts' expectations.
In the second quarter, net income attributable to stockholders fell to $3.78 million or $0.18 per share from $5.16 million or $0.25 per share in the previous year. Analysts expected the company to earn $0.20 per share for the quarter. Revenues for the quarter climbed 19 percent to $488.18 million from $410.07 million a year ago. Analysts expected revenue of $463.11 million for the quarter.
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