The Helloworld Travel Ltd (ASX: HLO) share price is slipping today, down 2.6% in afternoon trade. At the time of writing, the Helloworld share price seems to have recovered slightly, sitting at $2.30, down 2.13%.

We take a look at the ASX travel share’s financial results for the half-year ending 31 October (H1 FY21).

What financial results did Helloworld report for H1 FY21?

The Helloworld share price is slipping today after the company reported an 85.2% decline in revenue year-on-year, with revenue of $29.6 million down from $200 million.

Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) came in at a loss of $6.5 million. This is significant compared to a positive EBITDA of $48.6 million in H1 FY20.

The company reported a loss after tax of $21.5 million. This was well down from the profit after tax of $32.9 million in the prior corresponding period (PCP). Earnings per share (EPS) were negative 9.8 cents, down 154% year-on-year.

Historically a reliable dividend payer, Helloworld will not pay an interim dividend on the half-year.

Indeed, it is a difficult situation facing the travel industry. Helloworld sold, downsized, or temporarily shuttered a number of its businesses during the half-year. That includes operations in Los Angeles, Manila, Mumbai, Shanghai and other centres.

The company reported that it is continuing to invest in technologies in its key business divisions.

Continuing uncertainty around national and international border restrictions and travel bans due to the COVID pandemic prevented Helloworld from providing guidance for the full 2021 financial year.

The company did reveal it expects to continue to incur cash losses of around $1.0–1.5 million per month for the next 6 months. It forecasts moving to a “modest profit” in the first half of the 2022 financial year. This comes as the company reports that it has enough liquidity to remain operational beyond the end of 2022. A prediction based on its current liquidity levels and cash burn rate.

Share price snapshot

Like all ASX travel-related shares, Helloworld’s share price was savaged during the COVID-fuelled market selloff last year, plummeting more than 83%. While shares have rebounded strongly from late March 2020, the share price remains down 43% over the past 12 months. By comparison, the All Ordinaries Index (ASX: XAO) is down 0.2% for that same time.

Year-to-date the Helloworld share price is down 10%.

More reading

• Share prices of travel shares soar, Corporate Travel (ASX:CTD) and Webjet (ASX:WEB) report

Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Helloworld Limited. The Motley Fool Australia has recommended Helloworld Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Carbon Revolution Ltd (ASX: CBR) shares are falling today after the wheel manufacturer released its FY21 first-half (1H21) results this morning. In mid-afternoon trade, the Carbon Revolution share price has slumped 4.18% to $2.29.

Here’s a wrap of how the company has been performing.

Carbon Revolution results brief

The Carbon Revolution share price is trending lower after the company reported a 14% reduction in revenue for 1H21. Revenue for the period totalled $17.2 million.

Wheel sales dropped from $18.4 million in 1H20 to $16.6 million in 1H21.

As a result of poor sales activities, Carbon Revolution incurred a net loss of $14.8 million for 1H21, which was an improvement on the $98.6 million loss posted for 1H20.

Earnings per share (EPS) were negative 10 cents for 1H21, an improvement compared to the negative $1.55 EPS of the prior corresponding half.

The company’s total assets dropped from $141.7 million in 1H20 to $121.6 million in 1H21. Cash and cash equivalents took a nasty hit, falling from $33.9 million in 1H20 to $15.4 million in 1H21.

In further news driving the Carbon Revolution share price lower, the company did not declare an interim dividend.

Carbon Revolution advised that it is in the process of finalising a new $7.5 million working capital facility.

CEO comments

Carbon Revolution CEO Jake Dingle said that, despite enduring the impacts of coronavirus during the period, he believes the business still reached significant milestones.

Talking about current projects underway, Dingle commented:

The newly developed fascia technology has been commercialised which has dramatically simplified wheel production, driving a reduction in labour cost per wheel and increasing product quality.

The industrialisation program has seen the addition of high-pressure moulding capacity, automated face lay-up conveyor line, multi head fibre placement machine and a second thermal barrier coating cell. These automated manufacturing processes combine advanced physical and digital technologies and are the key building blocks of the Mega-line program.

In conclusion, the business stated that although there are still uncertainties stemming from COVID-19, it expects strong sales growth during the remainder of FY21.

Carbon Revolution share price snapshot

Carbon Revolution designs, manufactures and markets single-piece carbon fibre wheels.

Over the past year, the Carbon Revolution share price has fallen by more than 40%.

Based on the current share price, the company has a market capitalisation of around $339 million with 136 million shares outstanding.

More reading

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• Why the McMillan Shakespeare (ASX:MMS) share price has slipped today
• Why Bega, Blackmores, IDP Education, & SeaLink shares are zooming higher

Gretchen Kennedy owns shares of Carbon Revolution Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Carbon Revolution Limited. The Motley Fool Australia has recommended Carbon Revolution Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) is on course to give back all of yesterday’s gain and more. In afternoon trade, the benchmark index is down 0.9% to 6,778.7 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are tumbling lower:

Appen Ltd (ASX: APX)

The Appen share price has crashed 11% lower to $18.06.  The artificial intelligence services company’s shares have come under pressure following the release of its full year results. For the 12 months ended 31 December, Appen posted a 12% increase in revenue to $599.9 million and an 8% lift in EBITDA to $108.6 million. Looking ahead, Appen is forecasting EBITDA growth of 18% to 28% in FY 2021. Investors may have been expecting stronger growth to justify the multiples its shares trade on.

Bigtincan Holdings Ltd (ASX: BTH)

The Bigtincan share price is down 10% to 88.5 cents. This follows the release of the sales enablement platform provider’s half year results this morning. At the end of the first half, Bigtincan reported Annualised Recurring Revenue of $48.4 million. This was up 50% on the prior corresponding period. However, investors appear disappointed with its guidance. Management expects to achieve the top end of its FY 2021 ARR guidance range of $49 million to $53 million. This implies only limited second half ARR growth.

Humm Group Ltd (ASX: HUM)

The Humm share price is down 16% to $1.11. Investors have been selling the financial services company’s shares following the release of its half year results. Humm reported a 6.4% decrease in gross income to $225.2 million. This was driven by lower interest income and reduced income from its discontinued consumer leasing portfolio. For the same reasons, its gross profit was down 4.1% to $173.4 million.

Nanosonics Ltd (ASX: NAN)

The Nanosonics share price has fallen 7.5% to $5.60. This infection control specialist’s shares have come under pressure today following the release of an underwhelming half year result. Nanosonics reported an 11% decline in revenue to $43.1 million due to a reduction in purchases by GE Healthcare because of COVID-19 impacts. Things were even worse for its earnings, with operating profit coming in at just $0.2 million.

More reading

• Humm (ASX:HUM) share price plummets 15% despite rising profits
• ASX 200 down 0.45%: Woolworths rises, Blackmores jumps, Appen sinks
• The Bigtincan (ASX:BTH) share price is down 6%, despite strong growth
• Nanosonics (ASX:NAN) share price nosedives 12% on weak earnings
• Appen (ASX:APX) share price sinks 7% on full year results

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Appen Ltd and Nanosonics Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends BIGTINCAN FPO. The Motley Fool Australia owns shares of and has recommended BIGTINCAN FPO. The Motley Fool Australia has recommended Humm Group Limited and Nanosonics Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

There has been a shake-up in the C-suite at GameStop Corp (NYSE: GME). The video game retailer announced Tuesday that its chief financial officer (CFO), Jim Bell, is vacating his position effective 26 March. It did not provide a reason for his departure.

GameStop said that it has launched a search for a successor “with the capabilities and qualifications to help accelerate GameStop’s transformation.” It added that it has retained a “leading” executive search firm to aid in this effort. That firm was not identified.

The company said that if a suitable replacement was not found by the date of Bell’s resignation, current chief accounting officer Diana Jajeh would step into the role on an interim basis.

It was not clear whether Bell’s move was related to GameStop’s recent fame (or notoriety, depending on your point of view) in the wake of Reddit group WallStreetBets’ recent short-squeeze play on the stock.

GameStop was heavily shorted because, as a brick-and-mortar retailer of video games, it has been struggling for years. Physical stores are expensive to own and operate. It’s increasingly common for video game players to purchase and download titles online. Although it’s trying to morph into a more digitally focused business, it’s wading into a big sea of competition.

On Tuesday, GameStop shares fell by 2.2%, in contrast to the 0.1% gain of the S&P 500 Index (INDEXSP: .INX).

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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Eric Volkman has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Maggie Beer Holdings Ltd (ASX: MBH) share price is surging today, despite a sagging S&P/ASX 200 Index (ASX: XJO). At the time of writing, Maggie Beer shares are up 3.53% to 44 cents a share, contrasting nicely against the ASX 200’s 0.9% drop.

The catalyst for today’s moves is (of course) the company’s earnings report for the first half of the 2021 financial year (1H21).

What did Maggie Beer report this morning?

Maggie Beer holdings has reported that net sales grew by 19.7% in 1H21 to $27.6 million, up from the prior corresponding period (1H20)’s $23.05 million.

That helped push gross profits up to $12.83 million, up 14.5% on 1H20’s $11.2 million. It was a different story for net profits after tax (NPAT) though. Maggie Beer reported an NPAT loss of $367,000, still a 97% improvement from 1H20’s loss of  $14.3 million (which included a $12.07 million impairment expense).

Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at $1.34 million, up from a loss of $449,000 in 1H20. Meanwhile, Maggie Beer’s trading EBITDA metric (which includes leases) turned out at $2.23 million, up 1,378% from $151,000 in 1H20.

Sales were the highlight of Maggie Beer’s results. The company reported that Maggie Beer-branded products’ net sales increased by 28.6% over the prior period. E-commerce sales of those products grew by 167% to represent 8% of net sales. The Maggie Beer Cheese line was the standout performer of the brand stable, with sales rising 76% over 1H20’s numbers. Cooking stocks were up 44%, while fruit paste and pate sales were up 19% and 7% respectively.

The company will be launching a new range of soup products in April this year through the Woolworths Group Ltd (ASX: WOW) grocery stores. The company has also announced it is also planning on expanding its ice cream range in the first quarter of FY2022.

Sales for the company’s Paris Creek Farms line were up 11.4%, while St David Dairy sales increased by 5.5%.

Meanwhile, the company’s gross margin fell, dropping 2.7% to 46.3%, compared with 1H20”s 48.9%.

Looking forward to 2021 and beyond

Maggie Beer Holdings CEO, Chantale Millard, had this to say on the results, and the future of the company:

We are pleased to confirm to the market our strong result…  however we are cognisant that there is still uncertainty in the economic outlook as JobKeeper winds down in March 21. Despite this uncertainty we remain confident of continuing to deliver double-digit net sales growth… With strong new product development in the pipeline across the Group that we are accelerating for launch, and some exciting plans for our e-commerce and direct to consumer business, we have a busy and exciting second half in front of us.

Judging by the Maggie Beer share price today, investors are in agreement.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Woolworths Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The McMillan Shakespeare Limited (ASX: MMS) share price is falling after the financial products and services firm put out its half-year results today.

At the time of writing, the McMillan Shakespeare share price is trading at $12.68, down 2.46%. Let’s look at the company’s performance for the six months ended 31 December 2020 (1H21).

Key financial updates

McMillan Shakespeare reported an 8.4% loss in revenues for a 1H21 total of $247.6 million.

Earnings before interest, tax, depreciation and amortisation (EBITDA) was up 19.1% from $57.2 million in 1H20 to $68.2 million in 1H21.

Net profit after taxes (NPAT) tumbled 25% to $25.5 million in 1H21 compared to $34 million in 1H20. Underlying net profit after taxes (UNPATA) was 13% higher totalling $42.7 million for 1H21.

The firm’s free cash flow pumped 23.4%, hitting $42.2 million for 1H21.

Basic earnings per share (EPS) was 42.1 cents per share, a notch up from the 1H20 EPS of 41.6 cents per share.

McMillan Shakespeare declared a fully franked dividend of 30.2 cents per share for the period.

Half-year insight and outlook

The company advised that it continued to manage “extremely challenging trading conditions” during 1H21 brought about by the coronavirus pandemic.

Such conditions included lockdown restrictions in Australia, New Zealand and the UK that negatively impacted sales activities.

The federal government’s JobKeeper program provided the company with $7.3 million (after tax) to retain staff during the COVID-19 economic downturn.

Looking ahead, McMillan Shakespeare expects improved conditions in the broader motor industry.

It advised that it expected COVID-19 would continue to impact operations, business and consumer activity. The company also said there was potential for further disruption.

McMillan Shakespeare predicted the business outlook for 2H21 performance to be similar to that of 1H21, excluding the JobKeeper payment.

McMillan Shakespeare share price snapshot

Despite the challenges, the McMillan Shakespeare share price has gained 8.06% over the past 12 months.

The company’s market capitalisation is $975.1 million, and there are presently 76.8 million shares outstanding.

More reading

• 3 top ASX shares to buy according to WAM
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• McMillan (ASX:MMS) share price on watch today. Here’s why

Motley Fool contributor Gretchen Kennedy owns shares of McMillan Shakespeare Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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In afternoon trade the S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. At time of writing, the benchmark index is down 0.95% to 6,775.2 points.

Four ASX shares that have not let that hold them back are listed below. Here’s why they are zooming higher:

Bega Cheese Ltd (ASX: BGA)

The Bega share price has jumped 8% to $6.24. Investors have been buying the diversified food company’s shares following the release of a solid half year result. For the six months ended 31 December, the company reported a 5% decline in revenue but a 98% increase in normalised profit after tax to $29.7 million. This was driven by a more profitable sales mix and an increase in its margins compared to the prior corresponding period. The second half will be boosted by the Lion Dairy and Drinks acquisition, which completed on 25 January.

Blackmores Limited (ASX: BKL)

The Blackmores share price has zoomed 7% higher to $79.47. The catalyst for this was the health supplements company’s much improved performance during the first half. Blackmores reported a 3% increase in revenue of $302.6 million and an 8% increase in underlying net profit after tax to $19.4 million. This allowed the Blackmores Board to reinstate its dividend, declaring a fully franked interim dividend of 29 cents per share.

IDP Education Ltd (ASX: IEL)

The IDP Education share price has raced 9% higher to $27.09. This follows the release of a better than expected half year result this morning. The student placement and language testing company posted a 53% decline in half year earnings per share to 10.9 cents. However, this was a massive 156% ahead of Goldman Sachs’ estimates.

Sealink Travel Group Ltd (ASX: SLK)

The SeaLink share price is up an impressive 16% to $8.19. Investors have been fighting to buy the travel and transport company’s shares after it reported stellar first half revenue and profit growth. SeaLink reported record revenue of $570.8 million, up 329.5% on the prior corresponding period. This was driven largely by the transformational acquisition of the Transit Systems Group in January 2020. Underlying net profit after tax and before amortisation increased 231.9% to $48.1 million.

More reading

• ASX 200 down 0.45%: Woolworths rises, Blackmores jumps, Appen sinks
• Why the IDP Education (ASX:IEL) share price is rocketing 17% higher
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• 5 things to watch on the ASX 200 on Wednesday

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Idp Education Pty Ltd. The Motley Fool Australia owns shares of and has recommended Blackmores Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The BlackEarth Minerals NL (ASX: BEM) share price is on the move today. This comes after the company announced progress in the definitive feasibility study (DFS) on its Maniry graphite project, located in Madagascar.

During early afternoon trade the graphite developer’s shares are up 6.6% to 16 cents. The BlackEarth share price reached as high as 17 cents after the news broke.

What did BlackEarth announce today?

The BlackEarth share price is racing higher as investors appear upbeat about the company’s prospects.

According to its release, BlackEarth advised it has commenced the second stage of a large pilot metallurgical test work program. Expected to run over the course of 3 months, the results of the program will be used in the DFS to finalise all processing engineering matters.

Under the test program, BlackEarth will use between 60 to 70 tonnes of Maniry graphite material. Once completed, the outcome will be applied to improve the Maniry flow sheet and provide final equipment specifications. In addition, the results are anticipated to deliver significant input into the project’s final environmental and social impact assessment (ESIA).

BlackEarth also noted that substantial graphite concentrate will be produced, which will support in closing off-take and downstream arrangements.

The pilot test work program is predicted to be completed some time in the second quarter of 2021.

Comments from the managing director

BlackEarth Minerals managing director Tom Revy touched on the company’s update, saying:

Over the past 12 months, BlackEarth has continued to progress the DFS and the Board is pleased with what has been accomplished to date. As part of this, the value of Stage 2 piloting cannot be under-estimated given the importance of the results to the Maniry development program and ultimately the potential value it can realise for shareholders.

About the BlackEarth share price

In the past 12 months, the BlackEarth share price has been a stellar performer, achieving gains of over 320%. The company’s shares traded for just 2.1 cents in March last year during the COVID-19 rout. Since then, strong investor sentiment within the industry coupled with company developments have led its wild share price rise.

Earlier this month, its shares reached a 52-week high of 28 cents on the back of signing an important marketing agreement.

More reading

• The Blackearth Minerals (ASX:BEM) share price is rocketing 150% today. Here’s why

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Carawine Resources Ltd (ASX: CWX) shares are flying today after the company released the first results from reverse circulation (RC) drilling at its Hercules prospect. During intraday trading, the Carawine share price surged more than 144% to 52.5 cents. However, Carawine shares have since retreated and, at the time of writing, are trading at 42.5 cents, up nearly 98% for the day so far.

Let’s have a look at what the exploration company reported to the market.  

What’s sending the Carawine share price skyward?

Earlier today, Carawine Resources announced that its drilling results reported multiple, high-grade intersections with mineralisation. According to the company, the results confirm Hercules as a significant gold discovery. Carawine noted that the results reported are from the first 11 of 12 RC holes drilled at the Hercules prospect. For those interested in the finer details, the highlights are as follows:

A combined interval of 37 metres at 5.58g/t gold from 84 metres was recovered across 3 lodes. These included:

• 4m @ 25.9g/t Au from 84m including 3m @ 34.2g/t Au
• 3m @ 22.2g/t Au from 101m, including 2m @ 33.0g/t Au
• 3m @ 10.6g/t Au from 118m, including 2m @ 15.6g/t Au

In addition, Carawine noted additional high-grade gold intersections, with extended mineralisation along the strike and depth. These included:

• 3m @ 15.2g/t Au from 125m including 2m @ 22.4g/t Au
• 3m @ 15.4g/t Au from 111m, including 2m @ 22.7g/t Au
• 5m @ 10.0g/t Au from 86m
• 5m @ 13.1g/t Au from 207m, including 3m @ 21.5g/t Au

The company’s management advised that the initial results showed great potential to become a major new high-grade gold deposit.

Carawine managing director Mr David Boyd said “These exceptional first results from our maiden drilling program at Tropicana North are highly significant”.

Company snapshot

Carawine is a gold and base metals explorer. The company has five projects: Jamieson, Paterson, Fraser Range, Tropicana North, and Oakover.

The Hercules prospect is located in the company’s Tropicana North Project in Western Australia. The Hercules gold prospect is a joint venture, with Carawine holding a 90% interest.

Prior to today’s gains, the Carawine share price was trading flat for the past year but is now sitting on gains of around 57%. The company’s update has sent investors into a frenzy, pushing the Carawine share price to a new, 52-week high. 

Based on the current share price, the junior miner has a market capitalisation of around $47 million.

More reading

• Here’s why the Aeris Resources (ASX:AIS) share price is rocketing 22%
• Mosaic Brands (ASX:MOZ) share price plummets 8%. Here’s why
• Here’s why the Australian Ethical (ASX:AEF) share price is crashing 10% lower
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Motley Fool contributor Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Aeris Resources Ltd (ASX: AIS) share price is rocketing, up 22% in early afternoon trading. At the time of writing, the Aeris share price has retreated slightly to 12 cents, up 20%. 

We take a look at the Aeris half year financial results (H1 FY21), released after market close yesterday, below.

How much did Aeris’ profit increase for the half year?

The Aeris share price is surging after the ASX copper-gold producer and explorer reported a 99% lift in revenue. This equates to revenue of $214.5 million, up from $108 million in H1 FY20.

Aeris notes that the half year results include those of the Cracow Gold Operations. This was acquired from Evolution Mining Ltd (ASX: EVN) on 1 July.

The company’s gross profit soared 1,205%, to $60.6 million. Additionally, Aeris’ net profit after tax (NPAT) of $45.9 million was up 260% year-on-year.

Cashflow from operating activities also surged, up 1,053% to $72.4 million. Aeris net debt decreased 70%, down to $10.9 million.

Diluted earning per share (EPS) were at 2.3 cents. This is down compared to a loss of 6.3 cents per share (cps) in the prior corresponding half.

Aeris has not historically paid a dividend and did not pay one for the half year.

Comments from Management

Regarding the half-year results, executive chairman, Andre Labuschagne said:

Since the start of July 2020 we have completed the acquisition of Cracow, discovered the Constellation deposit and significantly improved our balance sheet. The fundamentals for copper are looking extremely attractive and as we have seen over the last 6 months, gold is a good complimentary commodity to also be producing…

We were fortunate that the Tritton Copper Operations was not directly impacted during the various COVID shutdowns and we continued to operate during the year…

Fast forward to 2021 and Tritton and Cracow are both producing positive operating cashflows, providing a platform on which we can now focus on life extension projects at both operations.

Aeris Resources share price snapshot

Patient Aeris Resources shareholders have been well-rewarded over the past 12 months, with shares up 200% since 24 February 2020. By comparison, the All Ordinaries Index (ASX: XAO) is up a slender 0.1%.

With today’s intraday gains factored in, the Aeris share price is up 11% so far in 2021.

More reading

• 5 things to watch on the ASX 200 on Tuesday
• These ASX gold shares have reported record profits and dividends
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• Why the Evolution (ASX:EVN) share price crashed despite record results

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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