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Balincan USA Inc - BCNN STOCK NEWS

Welcome to our dedicated news page for Balincan USA (Ticker: BCNN), a resource for investors and traders seeking the latest updates and insights on Balincan USA.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Balincan USA's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Balincan USA's position in the market.

Rhea-AI Summary
Balincan USA Inc. (TKMO) and Tekumo have achieved record progress in Q4, 2023, with $850K revenue in the first two months, representing 516% growth over the same period last year. The company also reported positive net ordinary income for the period. Balincan has filed for a name and symbol change to Tekumo, Inc., TKMO, and is seeking FINRA approval. They have also filed a Regulation 1-A offering statement with the SEC for follow on financing to fund their continued growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
230%
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Rhea-AI Summary
Balincan USA Inc. (Balincan) (Ticker: BALN) and Tekumo announced its financial results for the third quarter, reporting a record 194% increase in revenue to $846K. The first half of Q4 continues to grow at 70+% over Q3, with an annualized revenue run rate exceeding $5 million. The company also reached an agreement with convertible noteholders to exchange outstanding debt and accrued interest for common shares. Additionally, the Company's valuation of Derivative Liabilities related to the Series A and B Preferred Stock and the convertible notes resulted in a reduction of total derivative liability from $9.43 million to $4.92 million, representing an increase in net other income of $4.51 million since their merger in June 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.09%
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Rhea-AI Summary
Balincan USA Inc. and Tekumo announce preliminary results for Q3 2023, with revenue increasing 194% over Q2 to $857K.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
33.33%
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none
News
Rhea-AI Summary
Balincan USA Inc. and Tekumo report 85% revenue increase in Q3 2023, expecting revenue to exceed $6 million in next 12 months.
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Rhea-AI Summary
Balincan USA Inc. and Tekumo reported a 70.6% increase in revenue for the second quarter compared to the first quarter. Work orders have been growing at approximately 45% monthly since March. The company expects to generate revenue exceeding $6 million in the next 12 months, approaching cash flow breakeven.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-23.33%
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Rhea-AI Summary
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Rhea-AI Sentiment
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-3.51%
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Rhea-AI Sentiment
End-of-Day
24.44%
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partnership
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
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-2.17%
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Rhea-AI Sentiment
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11.11%
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Balincan USA Inc

OTC:BCNN

BCNN Rankings

BCNN Stock Data

195.28k
117.76M
Data Processing, Hosting, and Related Services
Information
Link
Hong Kong
Colorado Springs

About BCNN

balincan usa, inc. operates an e-commerce platform. its e-commerce platform sells beauty products to affluent female consumers utilizing its â‘promotion trio' of wechat, apps, and videos on smartphones in the people's republic of china. the company was formerly known as moqizone holding corp. and changed its name to balincan usa, inc. in august 2015 to reflect its ongoing business operations. balincan usa, inc. is based in hong kong, hong kong.