TD Holdings, Inc. (GLG) is a company engaged in the trading of commodity goods and the provider of supply chain amenities. The company obtains a non-ferrous metallic product line to sell to its clientele. Its digital intelligence supply chain platform amalgamates the enterprises with the business community.
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GLG stock price during the regular trading of March 16, 2022, leaped by 18.6% to be $0.23. Its price further rocketed phenomenally at the time of writing in the premarket session on March 17, 2022, by 81.2%.
GLG: Key Financials
On March 16, 2022, GLG issued its full fiscal year 2021 financial statement for the year ended December 31, 2021. Some key highlights are discussed below.
Revenues in the fiscal year 2021 were $201.13 million as compared to $28.27 million for the fiscal year 2020. The company’s total revenues augmented by $172.87 million or 612% over the year.
Basic and diluted net loss per share in fiscal 2021 was $0.94 million or $0.01 in comparison to $2.40 million or $0.05 for the FY2020. The company’s EPS rise considerably over the year.
GLG: Events and Happenings
On March 2, 2022, GLG reported the receipt of notification from Nasdaq’s Listing Qualifications Department regarding the grant of another 180 days extension to the company. The grant was awarded to the company to meet the listing obligation of NASDAQ by maintaining the least bid price of $1.00 per share for at least 10 consecutive days.
On January 24, 2022, GLG announced the receipt of an award for one of the Topmost 30 Industrial Internet Listed Companies of 2021 in China. The company was awarded in the Industrial Internet CEO Sanya Summit and Venture Capital Carnival. Also, its CEO was awarded the Outstanding CEO of 2021 of China Industrial Internet.
On December 22, 2021, GLG updated on its entry into a strategic cooperation contract with Shanghai Eagsen Intelligent Technology Co. on December 20, 2021.
GLG stock touched a new to of 89% in the last year period as the economies dwindle in the pandemic. The current skyrocketing price of its stock is the likely impact of the annual report 2021 release.