XSPL On Radar
We would like to bring to your attention a newly listed NASDAQ trade opportunity that could potentially present you with increased upside.
The last newly listed NASDAQ trade opportunity that we alerted to you rallied upwards of 270%.
New Trade Alert: Xspand Products Lab, Inc. (NASDAQ: XSPL)
XSPL is a newly listed NASDAQ company that began trading less than a month ago.
XSPL “closed its initial public offering on April 30, 2018, selling an aggregate of 1,307,120 shares of its common stock at a public offering price of US$5.00 per share.”
XSPL “is a vertically integrated and full-service product development and manufacturing company, including design, sales, fulfillment and shipping.”
XSPL’s model is to provide “a risk mitigated platform that connects innovators with companies to bring new products to market.”
Since its IPO, XSPL has reported a number of breaking developments:
On May 21st, XSPL reported “First Quarter 2018 Financial Results and Recent Corporate Highlights”:
“DOYLESTOWN, Pa., May 21, 2018 (GLOBE NEWSWIRE) — Xspand Products Lab, Inc. (“Xspand”) (XSPL), a full-service product development company, today reported its financial results for the first quarter ended March 31, 2018.
Recent Company Highlights:
Successfully completed initial public offering on April 30, 2018, selling an aggregate of 1,307,120 shares of its common stock at a public offering price of US$5.00 per share, resulting in approximately $6.5 million in gross proceeds.
Xspand began trading on The Nasdaq Capital Market exchange on May 3, 2018 under the ticker symbol “XSPL”.
Xspand secured approximately $1.0 million in purchase orders from a variety of customers, including two newly developed items for major theme parks based in Tokyo and Shanghai, for the one week period ending May 18, 2018.
Xspand’s patented Goodie Gusher item, www.goodiegusher.com, has been purchased by and now available at Party City.
Xspand’s arts and crafts brand, Pirasta, has secured its first international retail customer, Carefour, the world’s second largest retailer.
The first crowdsourced micro brand opportunities are expected to roll out next month through partnership with Edison Nation.
“We are beginning 2018 with a great deal of enthusiasm,” noted Chris Ferguson, CEO of Xspand. “At heart, we are an award-winning product development company, with over 50 years of success designing, manufacturing and selling creative products and services globally to customers, including Fortune 500 companies. We believe our recent strategic partnership Edison Nation will provide a growing base of opportunities and even greater value proposition as we work to crowdsource innovation and scale products quickly and more efficiently than ever before.
“The $6.5 million in gross proceeds from our successful IPO have significantly strengthened our balance sheet, enabling us to accelerate revenue growth, both organically and via acquisition. Our acquisition strategy entails the acquisition of eight or more micro brands annually. We intended to commence this activity in the third quarter of 2018.
“We are serving a large, growing and dynamic market. The e-commerce marketplace continues to evolve with the rise of platforms like Kickstarter, which de-risk product launches before significant capital has been committed, and we intend to take advantage of this evolution to bring our products to a larger audience than ever before with minimal capital investment.”
“The entire company is laser focused on executing upon our stated goals. Management believes it is strongly aligned with shareholders and poised to create significant shareholder value,” concluded Ferguson.”
In addition, just this morning XSPL released breaking news that could be another positive catalyst for the company:
Xspand Products Lab Announces Exclusive Manufacturing Agreement with Brand for Leading Childrens Sleep Products
DOYLESTOWN, Pa., May 23, 2018 (GLOBE NEWSWIRE) — Xspand Products Lab, Inc. (“Xspand”), a full-service product development company, today announced that is has signed an exclusive, two-year manufacturing agreement with a leading children’s sleep products brand with sales in North America, Europe, Asia and Australia.
The client, which sells a wide variety of award-winning products, is aimed at helping both young children and their parents sleep better at night. As part of the agreement, Xspand will work with the client to exclusively manufacture its existing products and assist in the development of new product lines.
“This agreement with a leading childrens sleep product brand stands as a testament to the inherent value that the market places in our proprietary product development platform,” said Chris Ferguson, CEO of Xspand Products Lab. “We look forward to leveraging our team’s product development expertise to not only manufacture this client’s existing products, but develop exciting new product lines as well, with a particular focus on lucrative direct to consumer opportunities. Agreements such as this are instrumental to our go-forward growth strategy. I look forward to providing further updates.”
Since its initial public offering (IPO), XSPL has rallied to a high of 8.05 (yesterday) from its IPO price of 5.00, upside of 61%.
XSPL closed yesterday’s trading session up 9% from the previous day, the highest daily close since it went public. Could this be a sign of a potential breakout higher?
In the past we have seen similar low float trade opportunities that have experienced significant volatility. Could this be another similar opportunity to witness increased upside?
XSPL presents a potentially compelling trade opportunity given that this is a newly listed NASDAQ company which could continue to draw increased interest from Wall Street as more investors become familiar with the company.
However, don’t take our word for it, make sure to do your own due diligence.