In today’s briefing:
- ECVT: In Growth Mode
- Bakkt Holdings, Inc. – Adding New Accounts as SoFi Migrates to Partner Blockchain.com
- LifeVantage Corporation – Believe Recent Return to Growth to Be Sustainable
ECVT: In Growth Mode
- ECVT held an investor day asserting the Company is in a growth mode through multiple product lines, including those for emerging markets
- ECVT has set the goal of achieving as much 8 percent a year organic adjusted EBITDA growth through 2028.
- The growth would come from the current business growing and taking market share and ECVT having commercially available products for emerging new end markets.
Bakkt Holdings, Inc. – Adding New Accounts as SoFi Migrates to Partner Blockchain.com
- On November 29, 2023, Blockchain.com announced it is partnering with SoFi so users can migrate their crypto accounts to the Blockchain.com platform.
- Bakkt provides the platform for Blockchain.com in seven states: HI, LA, NJ, NV, TN, TX, and VA.
- The additional SoFi accounts in these states will come onto the Bakkt platform for crypto trading.
LifeVantage Corporation – Believe Recent Return to Growth to Be Sustainable
- Growth resumed for both sales and EPS in 4QFY23, the first time in 16 quarters that both grew simultaneously.
- While sales growth flattened out a bit in the 1QFY24 (September), top-line momentum continued in the US, driven by the success of the LV360 initiatives, and company-wide EBITDA grew 41.1%, driven by a 230- basis-point improvement in margins.
- The resumption of growth could be sustainable, driven by a wide range of company-specific initiatives, most importantly its LV360 initiatives, including a sweeping overhaul of its consultant compensation plan, and robust new product activity.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
