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Food Tech Always Delivers

Daniel Chase

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It would be a completely justified assumption to think that technology makes life easier and helps us function, but, in actuality, these devices and services have nurtured a level of codependence amidst our modern society. As consumers, we no longer hope that companies will invent technologies with our best interests at heart; we expect them to. Perhaps the most sought-after industry of all is that which allows consumers to purchase a product online and have it show up on their doorstep as efficiently as possible.

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As it relates to the food industry, the delivery app market has blown up over the last few months. Food tech companies have invested billions in a quest to build out delivery services that effectively transport food from restaurants to consumers. Interestingly enough, the food delivery app market is not solely fueled by restaurant deliveries. According to a report from UBS Group AG, online grocery sales are projected to reach $86 billion by 2022. 

In recognition of these projections, large-scale grocers, like Whole Foods, have invested capital to redesign their stores in order to optimize locations for delivery orders, creating dedicated checkout lanes for online-order shoppers, and other logistical solutions. In general, food-deliery companies are pulling out all the stops to convince customers to use their apps and make their lives easier.

Companies have said that their biggest obstacle for growth is converting users who rely on discounted delivery fees to become committed frequenters. The most recent solution from some of these companies, including Postmates, UberEats, and DoorDash, has been the attempted implementation of a subscription-based model. Essentially, in exchange for paying a monthly fee, consumers will be able to order from their favorite groceries and restaurants without paying bothersome delivery fees. 

The global food delivery mobile app market is projected to reach $16.61 billion by 2023, meaning that, while some companies are struggling to overcome user drop-off rates and ineffective rollouts of subscription services, there are delivery companies that have found their niche. These select companies have figured out a number of ways to improve the quality of life for consumers through efficient product delivery. 

ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF) is one such company that has enjoyed impressive gains over the course of the last few months as a result of demonstrating to both consumers and investors that they are prepared to meet the growing challenges presented by the food delivery industry. ParcelPal is unlike other delivery tech companies, in that their commitment to remaining consumer-centric has allowed them to climb to the top of the industry. The Company’s executive leadership recognized a societal need that was unmet; consumers needed a better way to get what they needed. 

In recognition of these issues, ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF) created an on-demand, online marketplace where customers can search through a variety of products, from food to cannabis, and purchase whatever it is they want, all from the click of a few buttons. Once their order has been received by a ParcelPal courier, their order will be delivered to their designated location of choice within sixty minutes. 

In recent news, at the tail-end of January, ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF) announced that it had formed a partnership with MADD Canada to aid in the continuous fight to prevent impaired driving. MADD Canada has endorsed ParcelPal as their 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.

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An Affiliate of JSG Communications, MIDAM VENTURES LLC has been compensated $75,000 per month for 3 months by ParcelPal Technology, Inc. for a period beginning September 1, 2018 and ending February 1, 2019 to publicly disseminate information about (PTNYF/PKG). We may buy or sell additional shares of (PTNYF/PKG) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We own zero shares.

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ROKU Stock On A Surge After Its Head-Turning Q2 Results

Jon Phillip

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Roku Inc (NASDAQ:ROKU) stock, the video-streaming pioneer is performing quite well in the Wall Street. The company is expected to go even as high as $150 as projected by analyst Laura Martin. More and more advertisers are using the platform instead of the traditional television for advertising their products and services.

An increased number of people are skipping video ads on television. Martin continues to keep ROKU stock as one of the top picks for mid-cap companies this year seeing the potential of a further stock price increase.

Blockbuster Earnings

The platform’s popularity which is measured by variables like audience count, usage and average revenue per user increased greatly resulting in a humungous growth. Last week, the stocks of the company rose by 25% post the impressive performance in yet another quarter.

The revenue reported a rise by 59% in Q2, 86% of which was due to a surge in the revenue generated through the platform. While a few years earlier, the revenue was dominated by the sales of the low-margin device, now over two-thirds of the total revenue is contributed by the Roku platform which is a high-margin business.

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Currently, the count of active accounts on the Roku platform stands at 30.5 million users, while the content streamed is for a total of 9.4 billion hours. Considering these figures and the number of days in the quarter, i.e. 91 days, the average consumption can be totaled to 3.4 hours per day per account. The consumers are not only using low-cost devices but are also buying the now available smart TV with the factory-installed operating system of Roku.

While, Needham analyst, Laura Martin had been a keen supporter or Roku’s stock even before its bullish phase, even the cautious ones are now of the buying opinion – take for example Stephens’ and Rosenblatt’s analysts have changed the stock from neutral to buy last week.

To make matters even better, the media giants are also amidst the process of launching new streaming services. This, coupled with the rapid growth of Roku is what made the $150 stock price appear realistic when the stock had started the year at just $30. The future of the company definitely appears brighter than ever.

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Stock Price Friday Morning Update – August 16, 2019

Joe Samuel

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The Future Of Drug Delivery Has Biotech Investors Focusing On One Small Company

With a wave of groundbreaking products in the pipeline, biotechnology could be poised to keep churning higher for the foreseeable future. But how can you get in on the ground floor of the next big wave in biotech?

Click Here To Read More


Will This New Trend In Tech Bolster Big Opportunities For Investors?

It is undeniable how on-demand is changing the world around us as we know it. No matter which business segment you belong to, chances are that someone in your industry will be thinking about investing in the on-demand market. So how can people capitalize on this new trend?

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What’s Lying Ahead for Sohu.com (SOHU) After The Recent Developments

Sohu . com (SOHU) investors face a gloomy future after the stock of the Chinese company dropped to a new low in 16 years after it reported disappointing financial results last week. This is the first time since the spring of 2003 that the stock has sunk that low to trade in single digits.

What’s Next For The Chinese Tech Stock?

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What’s Lying Ahead for Sohu.com (SOHU) After The Recent Developments

A. Lawrence

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Sohu.com (SOHU Stock Chart) investors face a gloomy future after the stock of the Chinese company dropped to a new low in 16 years after it reported disappointing financial results last week. This is the first time since the spring of 2003 that the stock has sunk that low to trade in single digits.

Sohu reports $474.8 million in revenue in Q2

In the just-announced Q2 2019 financial results the company reported revenue of around $474.8 million in the quarter which is a 2% decline from what was reported a year ago but it is a 10% sequential improvement. This is the fourth consecutive quarter that Sohu has posted a decline in year-over-year top-line although the pace has moderated with each passing quarter.

Things were not good equally for the subsidiaries that it spun sometimes as they also experienced a drop in their stock. Changyou.com (CYOU Stock Chart) and Sogou (SOGO Stock Chart) which represent Sohu’s gaming and search operations respectively equally tumbled last week hitting new lows despite the segments reporting an increase in revenue.

Q2 revenue within company projections

The company’s quarter did not appear to be disappointing since the reported revenue of $474.8 million was within the company’s projection of revenue between $469 and $494 despite falling short of Wall Street estimates. The adjusted net loss of $50 million reported was better than the projections of a loss of between $60 million and $70 million in the quarter.


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The future for Sohu seems to be uncertain as it continues to perform unsatisfactorily. For instance, in the past year, the company saw its leading advertising revenue dip by 29% despite its Changyou-driven online gaming and Sogou-led search revenue increasing by 3% and 2% respectively.

For the third quarter, the company has estimated its revenue to be between $445 million and $470 million which is a sequential drop. The company has forecast a 10% to 14% jump in top-line which will help in offsetting the 12% to 21% drop in advertising revenue and 6% to 17% dip in online gaming revenue.

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