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TRITERRAS ALERT: Bragar Eagel & Squire, P C Announces That a Class Action Lawsuit Has Been Filed Against Triterras, Inc and Encourages Investors to Contact the Firm
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TRITERRAS ALERT: Bragar Eagel & Squire, P C Announces That a Class Action Lawsuit Has Been Filed Against Triterras, Inc and Encourages Investors to Contact the Firm – IT Business Net
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INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Triterras, Inc.
NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Triterras, Inc. (“Triterras” or the “Company”) (NASDAQ: TRIT) securities during the period from August 20, 2020 through December 16, 2020 (the “Class Period”). Investors have until February 19, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Triterras is a fintech company focused on trade and trade finance. It operates Kratos, a commodity trading and trade finance platform that connects commodity traders to trade and source capital from lenders directly online. Triterras formed via merger of Netfin and Triterras Fintech Pte. Ltd. (“Triterras Fintech”), which closed on November 11, 2020 (the “Mer
TRIT, TRITW CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Triterras, Inc f/k/a Netfin Acquisition Corp – IT Business Net
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Shares of
Triterras (NASDAQ:TRIT) jumped on Tuesday. The stock rose as much as 16.1%. As of 10:55 a.m. EST, however, the stock was up about 15%.
The fintech stock s gain is likely due to the Triterras release of better-than-expected preliminary revenue for its fiscal third quarter.
Image source: Getty Images.
So what
Triterras said it estimates its fiscal third-quarter revenue is approaching $17 million, with its net income approaching $10 million. This would put year-to-date revenue and net income close to $40.7 million and $24.2 million, respectively, management noted.
Possibly explaining investors optimistic response to this news, the one analyst covering the stock had forecast revenue of $16.3 million for the period.