CORAL GABLES, FL / ACCESSWIRE / February 13, 2019 / The present day in tech stock market is much more stable than it has been in recent years. This can be attributed to the fact that many small to mid-cap companies in the space have managed to navigate the volatility otherwise adversely affecting larger companies. We have seen copious amounts of new technologies deployed by companies working to communicate to consumers that they have their best interest at heart. Though consumers are typically not cognizant of the day-to-day operations of tech companies, nearly every person can tell you about a device or product presently available on the market. If companies in the tech sector continue to develop innovative products to improve the quality of life for consumers, this may attract investors looking for potential opportunities. ParcelPal Technology Inc (PTNYF) (PKG), Diebold Nixdorf Inc (NYSE: DBD), Gridsum Holdings Inc (NASDAQ: GSUM), and Lattice Semiconductor Corporation (NASDAQ: LSCC) represent four companies focused on meeting consumer demand with qualitative products and technologies.
ParcelPal Technology Inc (PTNYF) (PKG), like other companies in the tech sector, was created to solve a problem; closing the gap between consumers and the products they use every single day. At a time where we are distracted by handheld devices, advertisements, and our own responsibilities, making sure that we have the tools and items we need can be incredibly stressful. In recognition of this opportunity, the Company created an on-demand marketplace where consumers can shop for anything from food to clothing.
ParcelPal Technology Inc (PTNYF) (PKG) utilizes technology-driven logistics to connect consumers with the goods they love via a platform-generated, on-demand courier service. The executive leadership team behind ParcelPal believes that parcel delivery should be as hassle-free as possible, regardless of the business. The Company aims to transform every experience of how businesses send and receive their goods. Customers can shop at partner businesses and, through the ParcelPal platform, receive their purchased goods within an hour. It's no longer a question of what products can be ordered, but, through the Company's platform, how easy can it be to have said products be delivered.
ParcelPal Technology Inc (PTNYF) (PKG) announced towards the end of last month that the Company had formed a partnership with MADD Canada to aid in the continuous fight to prevent impaired driving. According to the announcement, MADD Canada has endorsed ParcelPal as its official delivery service in Canada. As part of the ParcelPal's national rollout campaign, advertising for ParcelPal's service will be seen across the country in various educational forms. Together, MADD Canada and ParcelPal will launch a national awareness campaign focused on educating Canadians on the dangers of impaired driving and the options they have for getting items they want or need without leaving the party.
In a press release regarding the announcement, Kelly Abbott, President, and CEO of ParcelPal Technology Inc (PTNYF) (PKG) , explained that ''as ParcelPal dives deeper into cannabis and alcohol delivery, we are very aware of the inherent risks associated with consumption. We take every precaution to ensure the product is not only delivered safely but will be consumed responsibly as well. Our driver training programs and our technology are designed to ensure they do not deliver to a highly intoxicated or underage person.''
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Diebold Nixdorf Inc (DBD) today announced its 2018 fourth quarter and full-year financial results. Per the released information, the Company's revenue for Q4 was $1.3 billion, a 3/2% from the year-to-date prior.
Following the announcement, Gerrard Schmid, President, and CEO of Diebold, said, ''revenue growth was underpinned by strength in Americas Banking and Retail. I am especially pleased with our ability to generate higher profits as we begin to realize the benefits of our DN Now initiatives. Adjusted EBITDA in the quarter increased nearly 21 percent, and the associated margin improved by 140 basis points from the prior year quarter.''
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Gridsum Holdings Inc ( GSUM) saw impressive gains in mid-afternoon trading on Wednesday, with shares up 12.23%, trading at $3.12 per share. The Company today announced it has signed a strategic technology partnership agreement with New H3C Group, a world-leading digital solutions provider, to promote the implementation of integrated intelligent solutions.
Per the details of the agreement, Gridsum and New H3C will leverage their respective technological capabilities to jointly build a platform to promote the industrial transformation and digitization of enterprises. This partnership will allow corporate clients to systematically reduce costs, improve efficiencies, and enhance the management of the manufacturing process to drive China's digital economic development.
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Lattice Semiconductor Corporation (LSCC), a leader in low power, small form factor programmable logic devices, announced its fourth quarter results earlier this week. Per the information provided, the Company expanded its operating cash flow to $30.9 million from $11 million in the previous quarter.
Jim Anderson, President and CEO of Lattice, commented, ''we are pleased to report that for the full year 2018, we substantially improved Lattice's profitability, earnings per share and operating cash flow. We simplified the Company's operating structure and have attracted an experienced executive team to lead all critical business areas. Despite uncertainty in the current macroeconomic climate, we are positioned to benefit over the long term from multiple catalysts in our business, including growth in computing, industrial and automotive, and the global 5G buildout. We are excited about 2019 as we unlock additional value for the company and its shareholders."
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