Boston, MA -- (SBWIRE) -- 08/14/2013 -- 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: (Dendreon Corporation(NASDAQ:DNDN), Allied Nevada Gold Corp. (NYSEAMEX:ANV), Fusion-IO, Inc.(NYSE:FIO), Spirit Realty Capital Inc (NYSE:SRC)
Dendreon Corporation(NASDAQ:DNDN) shares increased 0.79% to $3.20. The company on August 8 reported results for the second quarter ended June 30, 2013. Net product revenue for the quarter was $73.3 million compared to $80.0 million for the quarter ended June 30, 2012, down 8.4% year over year and up 8.4% on a sequential basis. Net loss in the second quarter of 2013 was $68.8 million, or $0.45 per share, compared to a net loss of $96.1 million, or $0.65 per share for the same period in 2012.
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Allied Nevada Gold Corp. (NYSEAMEX:ANV) shares increased 10.66% to $4.36. The company on August 6 provides financial and operating results for the three and six months ended June 30, 2013. As a result of a 134% increase in gold ounces sold, revenue increased 75% in the second quarter of 2013 to $59.0 million compared with $33.7 million in the second quarter of 2012. Net income decreased 31% to $4.2 million or $0.04 per share in the second quarter of 2013 compared with $6.1 million or $0.07 per share in the same quarter in 2012.
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Fusion-IO, Inc.(NYSE:FIO) shares decreased 2.31% to $10.99. The company on August 7 said its fourth-quarter loss widened to $23.8 million, or 24 cents per share, in the fourth quarter, from $2.4 million, or 3 cents per share, a year earlier. Excluding items, company posted a loss of 3 cents per share. Analysts had expected a loss of 3 cents per share on revenue of $110.2 million.
Additionally, the company on August 5 announced that its Board of Directors has appointed John F. Olsen, age 61, as a director of the company, effective August 1, 2013. Olsen served as president and chief operating officer of Business Objects, a provider of business intelligence solutions, from 2001 to 2004, before becoming a private investor.
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Spirit Realty Capital Inc (NYSE:SRC) shares declined 0.33% to $8.96. The company on August 8 said second-quarter funds from operations, or FFO, improved to $21.4 million or $0.25 per share from $19.4 million or $0.49 per share in the same period last year. Adjusted FFO for the quarter was $37.9 million or $0.45 per share. Analysts expected the company to earn $0.19 per share for the quarter. Second-quarter loss attributable to common stockholders widened to $11.7 million or $0.14 per share from $8.8 million or $0.34 per share last year. Revenues totaled $72.8 million, up 7.2 percent from $68.0 million. Analysts expected revenues of $73.22 million.
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Here at Winston 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. We focus on companies that we feel are trading at a discount to the market for various reasons. Enter your email and track our performance! We are sure you won’t be disappointed.
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