Eightco Holdings
OCTO
Market cap $4.34M

2.48 USD

+0.06

2.48%

At close Oct 17, 4:00 PM EDT

After hours

2.48

+0.00

0.00%

1 day

2.48%

5 days

31.91%

1 month

38.55%

3 months

4.64%

6 months

-26.63%

Year to date

-0.80%

1 year

-0.40%

5 years

-96.74%

About: Eightco Holdings Inc operates in three main businesses: Forever 8 Inventory Cash Flow Solution, Web3 Business, and Packaging Business. Forever 8 focuses on purchasing inventory for e-commerce retailers and is part of its Inventory Solution Business. Web3 Business but has no intention of continuing this business at this time. The Packaging Business manufactures and sells custom packaging for a wide variety of products and helps customers generate brand awareness and promote brand image through packaging. The Company's two reportable segments were the Inventory Management Solutions segment and the Corrugated segment. Key revenue is generated from Inventory Management Solutions segment.

Employees: 22

Financials Short-term Business Credit Institutions

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0.86% less ownership

Funds ownership: 2.14% [Q1] → 1.27% (-0.86%) [Q2]

23% less funds holding

Funds holding: 22 [Q1] → 17 (-5) [Q2]

33% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 3

36% less capital invested

Capital invested by funds: $80.3K [Q1] → $51.6K (-$28.7K) [Q2]

63% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 8

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for OCTO.

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about OCTO published over the past 30 days

CEO Spotlight: Eightco Holdings Inc. CEO Discusses His Company's Innovative E-Commerce Solutions

Miami, Florida--(Newsfile Corp. - October 8, 2024) - Eightco Holdings Inc. (NASDAQ: OCTO) provides complete inventory funding and management solutions for e-commerce businesses in consumer goods and refurbished Apple products. Through its wholly owned subsidiary, Forever 8 Fund LLC ("Forever 8"), Eightco supports e-commerce sellers by purchasing inventory on their behalf, enabling them to use their capital to grow their brands without the financial strain of maintaining stock.

CEO Spotlight: Eightco Holdings Inc. CEO Discusses His Company's Innovative E-Commerce Solutions

Eightco Announces $100 million Revenue Forecast – Releases 2025 Strategic Plan

Improved Financial Condition Allows Focus on Revenue Growth & Profitability Easton, PA, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) is pleased to provide an update to its shareholders regarding its achievements year to date and 2025 initiatives.

Eightco Announces $100 million Revenue Forecast – Releases 2025 Strategic Plan

Eightco Regains Compliance with Nasdaq Listing Requirements

Easton, PA, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced that the Company received formal notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Nasdaq's minimum bid price requirement (the “Bid Price Requirement”) set forth in Nasdaq Listing Rule 5550(a)(2), as well as Nasdaq's stockholders' equity requirement (“Equity Requirement”) set forth in Nasdaq Listing Rule 5550(b)(1).

Eightco Regains Compliance with Nasdaq Listing Requirements

Eightco's Forever 8 to attend ITC Malta 2024

Easton, PA, June 04, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced that Forever 8 Fund, LLC (“Forever 8”), a subsidiary of Eightco, will attend ITC Malta 2024, the premier global networking event for the new and used mobile devices and accessories industry.

Eightco's Forever 8 to attend ITC Malta 2024

Eightco Announces First Quarter 2024 Financial Results

Quarter Driven by Capital Restructuring to Prioritize Financial Stability for Long-Term Revenue Growth. First quarter 2024 net income of $4.9mn versus net loss of $49.9mn for the prior year quarter, due to better operating performance and elimination of warrant losses related to a retired convertible note First quarter 2024 revenues of $9.6mn versus $15.9mn for the prior year quarter, driven by reduction in capital available for cell phone sales after repayment of the convertible note Easton, PA, May 16, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced financial results for the three months ended March 31, 2024.

Eightco Announces First Quarter 2024 Financial Results

Eightco Announces the Cancellation of the Forever 8 2022 Merger Earnout Consideration

Easton, PA, May 07, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced that the former owners (“F8 Members”) of Forever 8 Fund, LLC (“Forever 8”) have agreed, effective as of March 17, 2024, to cancel their right to receive certain earnout consideration provided for under the September 2022 Membership Interest Purchase Agreement between the Company and Forever 8 (“Earnout”) whereby the Company acquired Forever 8. The Earnout was fair valued at $6.1 million and had a potential cash value of up to $37 million.

Eightco Announces the Cancellation of the Forever 8 2022 Merger Earnout Consideration

Eightco Announces Product Expansion in Forever 8's Apple Products Business

Easton, PA, April 17, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”), today announced that its subsidiary, Forever 8 Fund LLC (“Forever 8”), is expanding the products for which it will provide inventory capital. In addition to operating in the broader e-Commerce market, Forever 8 is already a significant player in the refurbished smartphone market, providing inventory capital for sellers in the space, largely focused on the Apple iPhone. Due to customer demand, Forever 8 is now expanding its product offering into other refurbished Apple products including iPads, AirPods, the Apple Watch and the iPad Pencil.

Eightco Announces Product Expansion in Forever 8's Apple Products Business

Eightco announces Full-Year 2023 Financial Results

Easton, PA, April 02, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”), who's subsidiaries provide inventory capital for e-commerce sellers as well as manufacturing solutions for product and packaging needs, today announced financial results for the fiscal year ended December 31, 2023.

Eightco announces Full-Year 2023 Financial Results

Eightco announces Paul Vassilakos as Executive Chairman and Chief Executive Officer and Certain Balance Sheet Improvements

Easton, PA, March 18, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced that Paul N. Vassilakos has been named as the Company's Executive Chairman and Chief Executive Officer. Kevin O'Donnell, who served as the Company's Executive Chairman since October 2021 and Interim Chief Executive Officer for the last month, will remain a member of the Board of Directors (the “Board”). Brian McFadden, a member of the Company's Board who had previously served as the Company's Chief Executive Officer, will be resigning from the Board.

Eightco announces Paul Vassilakos as Executive Chairman and Chief Executive Officer and Certain Balance Sheet Improvements

Eightco announces early repayment of debt, private placement and certain changes at the parent company level

Easton, PA, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company”) today announced that it has, ahead of schedule, made its final repayment pursuant to the Prepayment and Redemption Agreement, dated as of October 23, 2023, by and between the Company and Hudson Bay Master Fund Ltd. (“Hudson Bay”) in remaining principal due under the Senior Secured Convertible Note (the “Hudson Bay Note”) issued to Hudson Bay in March 2023. In addition to lowering debt levels, the repayment of the Hudson Bay Note now gives the Company the ability to attract efficient capital to grow its subsidiary, Forever 8 Fund, LLC (“Forever 8”).

Eightco announces early repayment of debt, private placement and certain changes at the parent company level

See News Rankings

Charts implemented using Lightweight Charts™