Boston, MA -- (SBWIRE) -- 08/20/2013 -- 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: (Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR), Allied Nevada Gold Corp. (NYSEAMEX:ANV), Quantum Corp(NYSE:QTM), Quiksilver, Inc. (NYSE:ZQK)
Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR) shares fell 1.84% and closed at $4.80. The company on August 14 announced that it has entered into a settlement agreement with Sandoz, Inc. to resolve pending patent litigation in response to Sandoz's abbreviated new drug application (ANDA) seeking approval to market generic versions of Avanir's NUEDEXTA capsules.
Additionally, the company on August 6 said its total net revenues for the quarter ended June 30, 2013 were $19.8 million, compared with $10.5 million for the comparable quarter in fiscal 2012. Net loss for the fiscal 2013 third quarter was $11.4 million, or $0.08 per share, compared with a net loss of $15.0 million, or $0.11 per share, for the same period in fiscal 2012.
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Allied Nevada Gold Corp. (NYSEAMEX:ANV) shares decreased 4.68% to $4.28. 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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Quantum Corp(NYSE:QTM) shares fell 5.30% to $1.43. The company on August 15 introduced its new Lattus™ Demo Lab for customers to experience a full-scale, cloud-based object storage testing environment. Located inside Switch's state-of-the art SUPERNAP data centers and available for use now, the Lattus Demo Lab enables rigorous proof of concept (POC) testing at the facility, either onsite or virtually.
Additionally, the company, on August 1, reported results for the first quarter of fiscal 2014, ended June 30, 2013. Revenue for the quarter totaled $148 million, up 5 percent from the first quarter of fiscal 2013 (FQ1'13). The company reported GAAP net income of $3 million, or 1 cent per diluted share, for FQ1'14, compared to a GAAP net loss of $17 million in the same quarter of last year. On a non-GAAP basis, the company had net income of $12 million, or 4 cents per diluted share, up from a net loss of $8 million a year earlier.
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Quiksilver, Inc. (NYSE:ZQK) shares decreased 5.78% to $5.05. The company, on July 11, announced the pricing of the previously-announced offering by Quiksilver and its wholly-owned subsidiary, QS Wholesale, Inc. (together, the "Issuers"), of $280 million aggregate principal amount of their 7.875% Senior Secured Notes due 2018 (the "2018 Notes") and $225 million aggregate principal amount of their 10.000% Senior Notes due 2020 (the "2020 Notes" and, together with the 2018 Notes, the "Notes"). The 2018 Notes will be issued at 99.483% of their face value and the 2020 Notes will be issued at 98.757% of their face value.
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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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