2021’s COVID Stock Watch –TraceSafe (CSE:TSF) Reaches Profitability

2021年的新冠股票观察——TraceSafe (CSE:TSF)实现盈利
Published on: November 24, 2021
Author: NAI500

Top COVID Stocks to Buy Now

When it comes to investing, COVID has created a world of pandemic winners and pandemic losers. And not wanting to be outdone by 2020, 2021 has continued to be a challenging year, with many industries still grappling with the lingering COVID effects and crippling chain issues.

Travel remains one of the hardest-hit industries around. 2020 saw an unprecedented drop in passenger travel, and 2021 has stalled recovery amid ongoing travel restrictions and quarantine requirements.

However, the pain hasn’t been dished out equally. In fact, some industries have thrived throughout the pandemic, with record-breaking profits and surging share prices.

With millions of people suddenly spending a lot more time at home, technology stocks have been clear winners. But they aren’t the only ones.

According to Yahoo Finance and Insider Monkey, these 10 COVID stocks outperformed during the pandemic and still have room to grow.

10. Fiverr International Ltd. (NYSE:FVRR)

9. Moderna, Inc. (NASDAQ:MRNA)

8. Penn National Gaming, Inc. (NASDAQ:PENN)

7. Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN)

6. Bath & Body Works, Inc. (NYSE:BBWI)

5. Pfizer Inc. (NYSE:PFE)

4. Johnson & Johnson (NYSE:JNJ)

3. Adobe Inc. (NASDAQ:ADBE)

2. Netflix, Inc. (NASDAQ:NFLX)

1. Amazon.com, Inc. (NASDAQ:AMZN)

However, expensive blue chips and pricey tech stocks aren’t for everyone; some people prefer to get in before prices go to the moon. And TraceSafe could be one to watch for savvy investors on a budget.

TraceSafe Delivers Record 3Q Financials as It Turns Its First Quarterly Profit

TraceSafe is an innovative IoT (internet of things) company pioneering the next generation of smart wearable and contact tracing solutions. Their advanced low-powered Bluetooth beacons proved invaluable during the pandemic, helping hard-hit industries and communities across the globe reopen safely.

TraceSafe is a perfect example of a company that was able to thrive during the pandemic. However, their latest numbers show that they are not limited to being just another COVID stock.

Last week, TraceSafe released its Q3 results, and the numbers show just how well the company has performed thus far in 2021. Tracesafe told eager investors that it would recognize US$5.96 million in revenue for the third quarter smashing previous revenue records.

Q3 2021 revenue was five-and-a-half times higher than the same quarter last year, while gross profit grew nearly 18%, from $448,000 in Q3 2020 to US$2.5 million in 2021.

In another first, the company made the leap into profitability, with diluted earnings per share of $0.03 in the third quarter.

“We witnessed phenomenal growth this year. Along with becoming profitable in the third quarter, we recorded our highest revenue since inception,” said CEO Wayne Lloyd in a statement. “We made a strong impact with products that empower businesses and respond to the evolving needs of our customers. These results, fuelled by new verticals and repeat business from multiple clients, cement our position as one of the most innovative providers of IoT (Internet of things) based solutions,”

Their deployment in mission-critical quarantine applications has proved the viability of the company’s patented contract tracing technology. And with cutting-edge solutions in the works for enterprise, healthcare, education, government, and large-scale venue management, the company expects that trend to continue.

Disclaimer: The company described in this article is a customer of NAI Interactive Ltd. This material is for informational purposes only and is not intended as a recommendation or offer or solicitation for the purchase or sale of any securities or financial instruments, or for transactions involving any financial instrument or trading strategy.

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