Wavedancer, Inc. (NASDAQ:WAVD)

Wavedancer, Inc.’s (NASDAQ:WAVD) ($0.28; $5.9M market cap) today announced it will be affecting a 1 for 10 reverse stock split in efforts to regain NASDAQ compliance.  

The company will begin trading on a split adjusted basis on Wednesday, October 18, 2023. 

WAVD’s wholly owned subsidiary,Tellenger, has been servicing federal and commercial customers since 1979. It provides modernization, software development, and cybersecurity services to help organizations meet their business goals through technology.

Wavedancer, Inc. (NASDAQ:WAVD) ($0.52; $10.1M market cap), a company that offers zero trust blockchain-enabled software solutions for supply chain security, announced it has recognized nearly $500k in revenue from their U.S government contract. 

“Given the complexity and sensitivity of this mission, I am extremely proud of the work we’ve done for the US Government to develop an easy-to-use interface powered by the security and transparency capabilities of blockchain technology,” said Jamie Benoit, WaveDancer’s CEO. “Combined with our recent successes with commercial clients, we are beginning to lead the way for a new type of supply chain management system that provides enterprises with instant visibility and verification of their data with the complete security and transparency of distributed ledger.”

While still minimal in value, it's nice to see WAVD begin to gain some traction with this contract and its recent contract win with a commercial customer announced on December 22, 2022.

Wavedancer, Inc. (NASDAQ:WAVD), a company that offers zero trust blockchain-enabled software solutions for supply chain security, announced the commercial launch of its Maverix platform, its supply chain digital transformation product. 

“We are excited to be working with a commercial company that sees the tremendous value blockchain can bring to the supply chain ecosystem. Working with a number of partners and the Maverix platform will give them complete visibility up and down the chain, serving up data that is trustworthy and secure...

...After having proven the power of blockchain in supply chain management for the U.S. government, we are excited to bring it to the commercial marketplace,” said Jamie Benoit, WaveDancer’s CEO. He added, “This commercial engagement establishes our beachhead in the construction vertical and validates the hard work of our development team. It’s a watershed moment for us and provides an environment where we can further sharpen our technology in a new commercial vertical, refine our AI in a production environment, and significantly increase the security, visibility, and trust to our customer’s global supply chains. We anticipate a significant commercial rollout in the coming months.”

Wavedancer, Inc. (NASDAQ:WAVD) ($1.16; $22.1M market cap), a company that offers zero trust blockchain-enabled software solutions for supply chain security, saw CEO James Benoit buy more shares on the open market. A Form 4 filed this morning shows he added another 5,393 shares on the open market at an average price of $1.17. This marks his 5th filing in October

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Wavedancer, Inc. (NASDAQ:WAVD) a company that offers zero trust blockchain-enabled software solutions for supply chain security announced its subsidiary Tellenger Inc won a 3 year contract extension with the  National Security Agency.

"I'm thrilled our customer has placed its trust in us once again with this contract renewal,” said Jamie Benoit, CEO of WaveDancer. “It represents a terrific multi-year revenue opportunity, providing a solid basis for double-digit top line growth in 2023. It's also a testament to the technical competence of our team and their dedication to the national security of the United States."

Wavedancer, Inc. (NASDAQ:WAVD) ($1.21; $21.6M market cap), a company that offers zero trust blockchain-enabled software solutions for supply chain security. CEO and 2 directors partake in a private placement:

• CEO James Benoit purchased 500,000 at $1.20
• Director James DiPaula purchased 208,334 at $1.20
• Director Henry Pickle purchased 41,667 at $1.20

“We originally planned to raise this capital as part of our intended acquisition of Knowmadics but given the substantial change in market conditions since 2021, closing on the negotiated terms was impossible. Raising funds through this PIPE saves us time and money and allows us to act quickly. We’re thrilled with the response we received from members of the management team and our Board of Directors, underscoring the collective belief we have in the potential of WaveDancer. This capital will assist us with mid-term growth opportunities to achieve profitability, particularly within our professional services division,” stated WaveDancer CEO, Jamie Benoit.

“We are likewise in the process of evaluating acquisition opportunities that will be immediately accretive,” Mr. Benoit added. “We understand that in today’s environment, profitability must accompany growth and we are refocusing our strategic efforts to meet the market’s expectations. I continue to be extremely excited about our future and our ability to be very disruptive in the blockchain and zero trust markets.”

Information Analysis Inc (OOTC:IAIC) ($3.72; $50.2M market cap), an information technology product and service company, announced a $10 million equity financing which appears to be mainly backed by the board of directors and management, similar to the $2.8 million financing the company did in August at $2.00 per share which was also man

“We believe that IAI is in an excellent position to continue its transformation strategy and reposition the Company as a disruptive technology and commercial enablement leader in government and global private sector verticals. We were delighted that members of the management team and our Board of Directors invested in the transaction, which reflects our collective belief in the significant potential of IAI in the market.

The speed with which we closed on this financing, its significant oversubscription, the fact that this was done without incurring bankers’ fees and the broad base of new stockholders who invested today demonstrates acceptance of our thesis and belief in our management team. The proceeds from this financing positions us to close on the acquisition of Gray Matters, Inc. just three months after I joined the Company and provide the additional working capital required to aggressively deploy our unique blockchain technology to the wider government and commercial markets.”

Information Analysis Inc (OOTC:IAIC) ($2.69; $32.4M market cap), an information technology product and service company announced Q2 2021 results:

• Sales of $4.7 million vs $4.8 million in the prior year
• Professional fees increased to $3.3 million vs $1 million (higher margin revenues)
• Gross margins improved to 20.2% vs 8.1%
• Small net income gain vs small loss

“Our second quarter was highlighted by very strong growth in professional fees. This is our highest margin revenue stream and the favorable mix shift in the quarter resulted in gross margin of 20.2%, compared with 8.1% a year ago. That allowed us to report a profitable quarter despite an increase in SG&A expense which was due in part to the closing of our acquisition of Tellenger in April. The integration of our two businesses has been seamless to date, and IAI is already seeing a meaningful expansion in our sales opportunities. Tellenger brought us added capabilities along with several key high-level clearances, allowing IAI to bid on previously unavailable government contracts.

We have aggressive growth plans for IAI and we have been investing in the resources needed to drive and support those plans through both operational and managerial improvements. The new members of our Board are providing new avenues for potential growth as a result of their industry connections and relationships. We have also added proven sales leadership to leverage and capitalize on those relationships, while solidifying our corporate infrastructure so we can properly manage that growth. While those costs added to our SG&A expense in the near term, we are very confident that those investments will yield a substantial return in the form of substantial growth, both organic and through additional acquisitions.”  

Information Analysis (PINK:IAIC) ($0.27 3.0M market cap) an information technology services company, reported Q2 2018:

• Sales of $3.7 million vs $4.0 million in the prior year
• EPS of $0.00 vs $0.01 in the prior year

In our May 7, 2018 email we stated the company is still in the early stages of its turnaround plan, and because of its heavy reliance on government contracts, we still expect volatility in quarterly results.  Like many stocks in our Run to One mock portfolio, time may be needed for the story to play out. We see downside support in the stock at its cash per share of $0.19.

Information Analysis (PINK:IAIC) ($0.44; $5.0 M market cap) an information technology services company, reported Q1 2018 results:

• Sales of $1.39 million vs $1.48 million in the prior year

• EPS of $0.00 vs $0.00

In our May 7, 2018 email we stated the company is still in the early stages of its turnaround plan, and because of its heavy reliance on government contracts, we still expect volatility in quarterly results.  Like many stocks in our run to one mock portfolio, time is needed for the story to play out.

Information Analysis (PINK:IAIC) ($0.49; $5.4M market cap), is an information technology services company. We highlighted the Company’s strong Q3 2017 results in our December 7, 2017 email.  The company's strong results coupled with bullish commentary has prompted us to interview management.  We have an interview scheduled for later this afternoon and will provide any necessary updates.