| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/2/2023 | $4.00 | Buy | Needham |
Needham initiated coverage of Movella Holdings with a rating of Buy and set a new price target of $4.00
HENDERSON, Nev., April 09, 2024 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella" or the "Company"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, today announced that its shares of common stock and warrants commenced trading on the Pink Market platform operated by OTC Markets Group, Inc. (the "OTC") at the market open on April 9, 2024 under the "MVLA" and "MVLAW" ticker symbols. Existing stockholders and warrant holders will find the securities quoted on the OTC Pink Market and freely tradable without any further action needed. About Movella Holdings Inc. Movella is a leading full-stack provider of sensors, s
HENDERSON, Nev., April 01, 2024 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella" or the "Company"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, announced today that it filed a Form 25 with the Securities and Exchange Commission (the "SEC") to voluntarily delist its shares of common stock and warrants, each exercisable for one share of common stock at an exercise price of $11.50 per share (collectively, the "Securities") from trading on The Nasdaq Stock Market LLC ("Nasdaq") in connection with its previously announced plan to delist the Company's Securities from trading on Nasdaq. The Company expects that tra
HENDERSON, Nev., March 26, 2024 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella" or the "Company"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, announced today that it was notified by the Nasdaq Stock Market LLC ("Nasdaq") of the timing of Nasdaq's planned suspension of trading of the Company's securities. As previously disclosed in its Current Report filed on Form 8-K with the Securities and Exchange Commission (the "SEC") on March 20, 2024 (the "8-K"), the Company notified Nasdaq of the Company's decision to voluntarily delist its shares of common stock, par value $0.00001 per share (the "Common Stock")
HENDERSON, Nev., March 21, 2024 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella" or the "Company"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, announced today the appointment of Marcum LLP ("Marcum") as its independent registered public accounting firm, effective March 19, 2024. During the Company's fiscal years ended December 31, 2023 and 2022 and the subsequent interim period through March 19, 2024, neither the Company, nor anyone on the Company's behalf, consulted with Marcum regarding: (i) the application of accounting principles to a specified transaction, either completed or proposed; (ii) the t
HENDERSON, Nev., March 20, 2024 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella" or the "Company"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, announced today that it has notified the Nasdaq Stock Market LLC ("Nasdaq") of its decision to voluntarily delist its shares of common stock, par value $0.00001 per share (the "Common Stock") and its warrants exercisable for one share of Common Stock at an exercise price of $11.50 (the "Warrants") from the Nasdaq Global Market. Movella intends to file a Form 25 with the Securities and Exchange Commission (the "SEC") to remove its Common Stock and Warrants from listing
Strategic Partnership Integrates Xsens Motion Capture and DIERS DICAM Software to Redefine Healthcare Testing with Certified Protocols and Unparalleled Accuracy Movella Holdings Inc. (NASDAQ:MVLA) (Movella) (https://www.movella.com/), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, today announced a strategic partnership with DIERS, a specialist in medical biomechanics and spine analysis. Together the company will release free²move: a new healthcare technology designed to seamlessly integrate into traditional clinical settings and enable patient testing beyond the limitations of traditional laboratory settings. By providing objec
HENDERSON, Nev., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella" or "Company"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, announced today that Ben A. Lee, President and Chief Executive Officer ("CEO"), will be departing the Company to pursue other interests. Mr. Lee has resigned as President, CEO, and as a member of Movella's Board of Directors (the "Board") effective December 31, 2023. Consistent with the Board's established succession planning process, Eric C. Salzman, currently an independent board member, has been appointed as Interim CEO effective January 1, 2024. It is expected that
HENDERSON, Nev., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, announces today that it received a notice (the "Notice") from the Listing Qualifications Staff of the Nasdaq Stock Market LLC ("Nasdaq") on November 16, 2023 stating that Movella is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of Movella's failure to timely file its quarterly report on Form 10-Q for the quarter ended September 30, 2023 (the "Quarterly Report") with the Securities and Exchange Commission (the "SEC"). On November 15, 2023, Movella filed a Notifica
HENDERSON, Nev., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, announced that it will delay the release of its third quarter 2023 results and investor conference call, previously scheduled for today, Monday, November 13, 2023. The company will announce the date and time of its third quarter 2023 earnings release, conference call and webcast in a subsequent press release. About Movella Holdings Inc. Movella is a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement. Movella serves the entertainm
HENDERSON, Nev., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, has rescheduled the release of its financial results for the third quarter and nine months ended September 30, 2023 to after market close on Monday, November 13, 2023. A conference call to discuss Movella's financial results and outlook will be held at 2:00 p.m. PT / 5:00 p.m. ET. The call will be hosted by Ben Lee, CEO and Steve Smith, CFO. Q&A with management will follow immediately after prepared remarks. A live webcast of the call will be accessible on the investor relations sect
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HENDERSON, Nev., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, announced that it will delay the release of its third quarter 2023 results and investor conference call, previously scheduled for today, Monday, November 13, 2023. The company will announce the date and time of its third quarter 2023 earnings release, conference call and webcast in a subsequent press release. About Movella Holdings Inc. Movella is a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement. Movella serves the entertainm
HENDERSON, Nev., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, has rescheduled the release of its financial results for the third quarter and nine months ended September 30, 2023 to after market close on Monday, November 13, 2023. A conference call to discuss Movella's financial results and outlook will be held at 2:00 p.m. PT / 5:00 p.m. ET. The call will be hosted by Ben Lee, CEO and Steve Smith, CFO. Q&A with management will follow immediately after prepared remarks. A live webcast of the call will be accessible on the investor relations sect
HENDERSON, Nev., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, today announced that it will release financial results for the third quarter and nine months ended September 30, 2023 after market close on Wednesday, November 8, 2023, followed by a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss Movella's financial results and outlook. The call will be hosted by Ben Lee, CEO and Steve Smith, CFO. Q&A with management will follow immediately after prepared remarks. A live webcast of the call will be accessible on the investor relations secti
HENDERSON, Nev., July 26, 2023 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, today announced that it will release financial results for the second quarter and six months ended June 30, 2023 after market close on Wednesday, August 9, 2023, followed by a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss Movella's financial results and outlook. The call will be hosted by Ben Lee, CEO and Steve Smith, CFO. Q&A with management will follow immediately after prepared remarks. A live webcast of the call will be accessible on the investor relations section of t
Q1 revenue totaled $9.2 million, Q1 GAAP gross margin was a record 61%, an improvement of approximately 1000 basis points year-over-yearIntroduced MTi-320 high-performance Active Heading Tracker (AHT) for robotics and autonomous vehicle applicationsStrong response to the new OBSKURTM platform resulting in over-subscription to early access stage prior to launch this summer HENDERSON, Nev., May 10, 2023 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, today reported its results for the first quarter ended March 31, 2023. "We believe our strong cash position result
HENDERSON, Nev., April 27, 2023 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, today announced that it will release financial results for the first quarter of fiscal year 2023 ended March 31, 2023 after market close on Wednesday, May 10, 2023, followed by a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss Movella's financial results and outlook. The call will be hosted by Ben Lee, CEO and Steve Smith, CFO. Q&A with management will follow immediately after prepared remarks. A live webcast of the call will be accessible on the investor relations section
Achieved record quarterly revenue of $12.1 million in the fourth quarter$60.3 million net proceeds from our Nasdaq listing in February 2023 expected to provide runway to expand sales & marketing, develop new products, and execute operations for future growth Announced early access to new OBSKUR™ platform, providing user-friendly tools for livestreaming influencers to deliver interactive experiences HENDERSON, Nev., March 31, 2023 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, today reported its results for the fourth quarter and twelve months ended December 31,
HENDERSON, Nev., March 21, 2024 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella" or the "Company"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, announced today the appointment of Marcum LLP ("Marcum") as its independent registered public accounting firm, effective March 19, 2024. During the Company's fiscal years ended December 31, 2023 and 2022 and the subsequent interim period through March 19, 2024, neither the Company, nor anyone on the Company's behalf, consulted with Marcum regarding: (i) the application of accounting principles to a specified transaction, either completed or proposed; (ii) the t
HENDERSON, Nev., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) ("Movella" or "Company"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, announced today that Ben A. Lee, President and Chief Executive Officer ("CEO"), will be departing the Company to pursue other interests. Mr. Lee has resigned as President, CEO, and as a member of Movella's Board of Directors (the "Board") effective December 31, 2023. Consistent with the Board's established succession planning process, Eric C. Salzman, currently an independent board member, has been appointed as Interim CEO effective January 1, 2024. It is expected that
HENDERSON, NV / ACCESSWIRE / May 8, 2023 / Movella Holdings Inc. (NASDAQ:MVLA) (‘Movella'), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, announced today the appointment of Dale Pistilli as Vice President of Marketing. Dale will drive brand strategy and the overall marketing efforts of the company. Dale has over 25 years of senior marketing leadership experience in high-growth tech categories including smart home, clean tech, and creative tech. Dale has successfully developed and executed growth strategies, scaled brand awareness, and driven cost-effective demand and lead generation programs for both B2C and B2B businesses.He