Tilray Brands Inc. (TLRY) shares jumped sharply in premarket trading Friday after the cannabis company delivered a surprisingly strong second-quarter earnings report that beat Wall Street's expectations on both revenue and profitability.
The company reported earnings of one cent per share, a dramatic reversal from the Street's forecast of a 20-cent loss. Revenue came in at $217.51 million, topping the consensus estimate of $210.95 million. That combination of profitability and revenue growth sent Tilray shares up 7.3% to $9.80 before the opening bell.
But Tilray wasn't alone in making premarket waves. Here's a look at the other notable movers lighting up trading screens before Friday's market open.
The Gainers
RenX Enterprises Corp (RENX) led the pack with a 51.9% surge to $0.29 in premarket trading, bouncing back after a 9% decline on Thursday.
China SXT Pharmaceuticals Inc (SXTC) jumped 37.6% to $1.72, recovering from a brutal 37% drop the previous session.
The housing sector caught a bid after President Donald Trump floated a new proposal with significant implications for the real estate market. Offerpad Solutions Inc (OPAD) climbed 36.8% to $2.08 on the news, while Loandepot Inc (LDI) rose 18.8% to $2.90. Wheeler Real Estate Investment Trust Inc (WHLR) also gained 21.4% to $2.22.
La Rosa Holdings (LRHC) advanced 35.9% to $1.06, building on Thursday's 8% gain.
Cemtrex Inc (CETX) surged 34.5% to $3.90 after completing its acquisition of Invocon. The company launched a new aerospace and defense segment, expanding its participation in missile defense modernization programs. Cemtrex shares had already gained 10% on Thursday.
Kalvista Pharmaceuticals Inc (KALV) climbed 12.2% to $17.75 after releasing preliminary fourth-quarter results. The company reported preliminary global net product revenue for EKTERLY ranging between $35 million and $49 million for the quarter.
MacKenzie Realty Capital Inc (MKZR) rose 12% to $5.38, extending Thursday's 7% rally.
The Losers
Stak Inc (STAK) fell 16.4% to $0.35 after announcing the closing of a $2.3 million registered direct offering.
Beta Bionics Inc (BBNX) dropped 15.6% to $27.00 following the release of preliminary fourth-quarter financial results that apparently didn't impress investors.
CDT Environmental Tech Invmt Hlds Ltd (CDTG) declined 14.3% to $0.30 in premarket trading.
Olin Corp (OLN) took a significant hit, dropping 11.7% to $19.92 after the company slashed its fourth-quarter adjusted EBITDA outlook to approximately $67 million. That's a steep drop from its previous guidance range of $110 million to $130 million.
Flyexclusive Inc (FLYX) fell 11.4% to $6.39 after announcing a proposed public offering of common stock. Dilution concerns typically weigh on shares when companies announce new equity offerings.
AXT Inc (AXTI) shares dipped 10.3% to $23.12 after the company updated its fourth-quarter revenue expectations.
WD-40 Co (WDFC) slid 9.1% to $185.00 as the company reported first-quarter financial results that came in below analyst expectations.
Geovax Labs Inc (GOVX) fell 8.1% to $0.17, extending Thursday's 9% decline.
Aclarion Inc (ACON) tumbled 7% to $7.60, giving back some of Thursday's impressive 42% rally. The previous day's surge came after the company reported that quarterly Nociscan scan volumes increased 114% year over year.
Modular Medical Inc (MODD) dipped 7% to $0.45, reversing Thursday's 8% gain.
