December 15th, 2015

USA Stocks That Gained Most In Yesterday's Trading Session: $DPW $SHLO $DLTH

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DPW Holdings Reports Revenue of $5.4 Million in Q2 2020

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DPW Holdings Inc. (NYSE:DPW) was amongst the top gainers in yesterday's trading session gaining 27.10%. The company has reported its preliminary Q2 2020 financial results in which it reported net revenue of $5.4 million which is an 8.3% YoY increase. Net loss in the quarter was $1.4 million which is a 66% YoY drop. For the six months ending June 30, 2020, the company had revenue of $11 million and a net loss of $7.9 million.

The company's power electronics unit Coolisys Technologies Corp and its partner companies will carry tests of its new EV charger product line. The product line includes innovative charging solutions meant to offer full charge for an electric vehicle with a 150-mile battery in 30 minutes.

Shiloh Granted Approval of "First Day" Motion To Access $18.1 Million Additional Financing

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Shiloh Industries, Inc. (NASDAQ:SHLO) is also another stock that surged most in yesterday's trading session jumping 22.36%. The company has received approval from the Delaware District Bankruptcy Court for all the "First Day" motion in connection to its voluntary Chapter 11 petitions that were filed on August 30, 2020. The company received interim approval to access around $18.1 million of its $123.5 million debtors in possession financing from lenders.

The company has also signed a stock and assets purchase agreement with MiddleGround Capital LLC's subsidiary Grouper holdings. In connection with the agreement, Grouper will acquire all the assets of the company that includes equity interest of some of the direct and indirect subsidiaries of the company for $218 million.

Duluth Holdings Reports 12.6% YoY Increase In Q2 2020 Net Sales

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Another stock that gained most in yesterday's session is Duluth Holdings Inc. (NASDAQ:DLTH) which jumped 10.80%. The company has announced its Q2 2020 financial results in which net sales were up 12.6% to $137.4 million. Direct to consumer sales grew 66.9% but retail net sales dropped 40.4% Operating income increased to $9.8 million while net income jumped to $5.9 million or $0.18 per share. By June 15, 2020, the company had reopened all its 62 retail stores.

The company has also announced the grand opening of the 63rd store in Springfield, Oregon. The latest Duluth Springfield store is situated at 3320 Gateway Street in Springfield and will be the company's second store in Oregon.

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