Tdh Hldgs Inc Stock Price, News & Analysis

TDH Holdings (NASDAQ: PETZ) reported its financial results for the full year ending December 31, 2021, revealing a revenue increase of 33.94% to $1.09 million from $0.82 million in 2020. However, pet food sales plummeted 40.5% to $0.49 million, primarily due to COVID-19 impacts. The company's operating loss grew to $4.61 million, up 121.11% from 2020. Net loss attributable to shareholders surged to $6.12 million or $0.10 per share, compared to a $0.87 million loss in 2020. The acquisition of restaurant businesses contributed $0.61 million to revenue but did not offset declines in the pet food segment.

On February 23, 2022, TDH Holdings, Inc. (NASDAQ: PETZ) received a notification from Nasdaq stating that its common stock no longer meets the minimum bid price requirement of $1.00 per share, effective for the last 30 consecutive business days. The Company has until August 22, 2022, to meet this requirement by closing at or above $1.00 for 10 consecutive days. If compliance is not achieved, TDH may pursue additional time or consider options like a reverse stock split. The Company cautions that there is no guarantee it will regain compliance.

TDH Holdings, Inc. (NASDAQ: PETZ) reported a significant decline in financial performance for the first half of 2021. Revenues fell by 52.46% to $0.13 million, impacted by uncompetitive pricing and the suspension of overseas E-commerce activities. The company faced a gross loss of $0.18 million and an operating loss of $1.17 million, marking a 20.23% increase in operating losses compared to the previous year. Net loss attributable to common stockholders was $0.94 million, leading to a loss per share of $0.02.

TDH Holdings, Inc. (NASDAQ: PETZ) announced it successfully closed a registered direct offering, raising approximately $9.9 million through the sale of 15,000,000 common shares at $0.64 per share. In addition, it issued warrants at $0.01 per warrant for an aggregate of 30,000,000 common shares, exercisable at $1.47 per share. The net proceeds will be utilized for strategic acquisitions, although no specific agreements are currently in place. Boustead Securities, LLC acted as the exclusive placement agent for the offering.

TDH Holdings, Inc. (NASDAQ: PETZ) has postponed its Annual General Meeting (AGM) to December 28, 2021, at 9:00 a.m. Beijing time. Shareholders eligible to vote are those recorded by September 15, 2021. The meeting will take place in Beijing, and previously submitted proxies will remain valid. Shareholders who have not yet voted are encouraged to participate before the AGM. The voting window will close at 11:59 p.m. EST on December 26, 2021.

TDH Holdings, Inc. (NASDAQ: PETZ) announced the closing of a registered direct offering, raising approximately $9.1 million from the sale of 10 million common shares priced at $0.89 each, along with warrants. These warrants allow the purchase of 20 million common shares at $2.06 each. The company aims to use the net proceeds for strategic acquisitions and investments, although no specific commitments are in place currently. This offering was conducted under the company's effective shelf registration statement.

TDH Holdings, Inc. (NASDAQ: PETZ) announced a registered direct placement of $9.1 million in common shares and warrants at $0.89 per share. The offering includes 10 million common shares and warrants for an aggregate of 20 million shares, exercisable at $2.16 per share. Funds will be allocated for strategic acquisitions, although no specific deals are lined up. Closing is expected on or about September 30, 2021. This offering follows the Company's effective shelf registration with the SEC.

TDH Holdings, Inc. (NASDAQ: PETZ) has announced its Annual General Meeting (AGM) scheduled for October 28, 2021, at 9:00 a.m. Beijing time. Shareholders of record by September 15, 2021 will be eligible to vote. The meeting will take place at Room 3303, Beijing. Founded in April 2002, TDH specializes in developing, manufacturing, and distributing pet food products across China, Asia, and Europe. The company cautions that statements regarding the meeting are forward-looking and subject to risks and uncertainties.

TDH Holdings, Inc. (NASDAQ: PETZ) reported a dramatic drop in annual revenues for 2020, totaling $0.82 million, down 93.55% from $12.65 million in 2019. The gross loss improved to $0.04 million from $1.52 million, primarily due to halted unprofitable orders. Operating loss reduced by 72.32% to $1.93 million. Despite these losses, net loss attributable to common stockholders fell to $0.87 million, or a loss of $0.02 per share, from $8.63 million, or $0.41 per share, in 2019. The company cited uncompetitive pricing, operational suspensions, and COVID-19 disruptions as key challenges.