Amesite Inc. (AMST) delivers e-learning systems for its diverse consumer base. Through an AI-driven platform, the company delivers accessible interfaces and unparalleled scalability and integration capacities.
The price of AMST stock during the regular trading on February 11, 2022, was $0.82 with a drop of 5.17%. At last check in the aftermarket, the stock was further down by 15.15%.
AMST: Events and Happenings
On February 11, 2022, AMST updated about the proposed pricing of its underwritten public offering of 3,437,500 shares of the company’s common stock. The public offering price of the shares was $0.80 per share for a cumulative offering of up to $2.75 million. The expected closing date of the offering is February 16, 2022. On February 11, 2022, AMST filed Form 424B5 with SEC regarding prospectus filed pursuant to Rule 424(b)(5).
On February 2, 2022, AMST announced the release of a Microsoft Customer Story by Microsoft about the company’s effective migration to Azure infrastructure in two months span. On January 20, 2022, AMST reported about its collaboration with the Innovation Foundation to provide its exclusive digital learning portfolio for all of IF’s educational initiatives.
On January 19, 2022, AMST announced its management’s presence at the Benzinga All Access on January 21, 2022. On December 14, 2021, AMST informed about its collaboration with The Ronald Reagan Presidential Foundation and Institute. Both the companies agreed upon the delivery of eLearning at Reagan Academy.
On December 7, 2021, the company updated about its Executive management’s participation at the Virtual Sidoti Fall Investor Conference on December 8-9, 2021. On November 30, 2021, AMST updated about its management’s presence at the Virtual Zooming with LD event on December 1, 2021.
AMST: Key Financials
On November 15, 2021, AMST released its financial results for three months ended September 30, 2021. Some of the main points are discussed here.
Revenue
Revenue in Q3 2021 was $0.14 million versus $0.11 million in the same quarter of 2020.
EPS
Basic net loss per share in Q3 2021 was $2.37 million or $0.11 against $5.08 million or $0.31 in the same quarter of 2020.
Conclusion
AMST stock is 88% down the past year period. The current aftermarket stock drop is the likely result of its proposed public offering and recent SEC filing. The company should make sound, investor-centered policies to surge its stock price.
