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Wednesday, May 25, 2022

Fast Radius, Inc. (FSRD) Stock Climbing up in Premarket. Here’s What’s Going on.

Fast Radius, Inc. (FSRD) is a leader in cloud-based production and online supply chain. Its Manufacturing Platform is the provider of software apps and production solutions that support the engineer’s design. This allows the businesses to produce and ship the parts effortlessly, and sustainably.

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FSRD stock price during the regular trading session of March 23, 2022, was $1.90 with a phenomenal gain of 6.15%. Its price rocketed as of the writing in the premarket session of March 24, 2022, by 28.9%.

FSRD: Events and Happenings

On March 21, 2022, FSRD reported holding an earnings release conference call on March 30, 2022, to discuss the Q4 2021 financial for the quarter ended December 31, 2021.

On March 15, 2022, FSRD updated on the nomination of Erin Stone as the company’s new General Counsel and Corporate Secretary, and James Erkenswick as the new CAO.

On February 24, 2022, FSRD informed the press regarding the survey of 250 engineers, industrial and product creators, and procurement experts, conducted by the company about their manufacturing and procurement policies. The subsequent report, titled ‘The case for the cloud: Charting the Future of custom manufacturing’ measured the custom manufacturing industry pulse thus classifying key pain points where technology can considerably progress quality, and visibility into manufacture.

FSRD: Key Financials

FSRD issued its third-quarter 2021 consolidated financial report on November 22, 2021, for the quarter ended September 30, 2021. Some of the notable aspects are discussed below.


The company reported no revenue in the third quarter of 2021 as well as 2020.


Basic and diluted net earnings in the third quarter of 2021 were $8.65 million or $0.20 per share corresponding to $6.40 million or $0.17 per share in the comparable quarter of 2020. The company’s net income and EPS inclined considerably YoY.


FSRD’s stock position is 80% down the past six months and year-to-date period. The current premarket stock gain by the company is likely associated by the analysts with uncertain factors as no current official press release or SEC filing or event is listed on its official website.

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