Bullish stocks and Year To Date Gainers: $OLLI $OSUR $BOXL – Wire Real Estate

Bullish stocks and Year To Date Gainers: $OLLI $OSUR $BOXL




Sep 2, 2020

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Ollie's Bargain Outlet Holdings is bullish with improved 2Q results

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Ollie's Bargain Outlet Holdings Inc.. (NASDAQ:OLLI) was up 48.71% year to date

2Q 2020 2Q 2019
Net sales $529.3 million $333.9 million
Gross profit $206.8 million $124.0 million
Gross margin 39.1% 37.2%
Selling, general and administrative expenses $109.1 million $87.4 million
Operating income $92.0 million $30.8 million
Operating margin 17.4% 9.2%
Net income $99.4 million $25.2 million
Adjusted EBITDA $99.4 million $37.5 million

Ollie's Bargain Outlet Holdings' increase in net sales during the 2Q 2020 is attributed to a comparable 43.3% increase in sales as well as strong new store performance. The company reported improvement in gross margin in the second quarter largely due to improvements in both merchandise margin as well as leveraging of supply chain costs.

OraSure Technologies is bullish as it reports record 2Q 2020 results

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OraSure Technologies, Inc.. (NASDAQ:OSUR) was up 45.58% year to date

OraSure Technologies has reported a 58.5% increase in net sales to $529.3 million, while there was 43.3% increase in comparable store sales. The company launched six additional stores and closed the quarter with 366 stores in 25 states. OraSure Technologies's operating income in 2Q 2020 increased by 199.3% to $92.0 million while operating margin went up 820 points to 17.4%.

Net income during the quarter rose 294.8% to $99.4 million while net income per diluted share during the quarter went up 294.7% to $1.50.During the quarter, OraSure Technologies reported a 193.5% increase in adjusted net income to $68.9 million while adjusted net income per diluted share went up 197.1% to $1.04.

Boxlight is bullish as it unveils strategic partnership with Samsung Electronics America

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Boxlight Corp. (NASDAQ:BOXL) was up 42.34% year to date

Boxlight has entered into a strategic partnered with Samsung Electronics America that will see the companies bundle class room software, classroom displays and professional development for the education industry. The education bundle will combine Boxlight's OKTOPUS education software as well as professional development studies with Samsung display innovations. The bundles are designed to offer a complete solution to teachers that can be easily be adopted to create engaging learning environment for students.

The integration of technologies from the two companies will offer a powerful solution for education. Samsung has been working with leading education providers like Boxlight to design and develop innovative solutions and unveil them into the market.

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