College Stock: Penny Stock News

These are this morning’s NASDAQ price gainers:

ENMD $4.00 +22.70%
EntreMed, Inc. (NASDAQ: ENMD) is a clinical-stage pharmaceutical company engaged in developing therapeutics for the treatment of cancer and inflammatory diseases. On Monday, the Company reported a net loss of $4.9 million, or $0.62 per share, for the second quarter of 2010, compared to a net loss of $3.1 million, or $0.46 per share, for the same period in the previous year. For the first six months of 2010, the Company’s reported net loss was $7.1 million, or $0.95 per share, as compared $6.6 million, or $0.98 per share, for the first six months of 2009.

CMRG $3.07 +13.70%
As of January 30, 2010, Casual Male Retail Group, Inc. (NASDAQ: CMRG) operated 395 Casual Male XL retail stores, 65 Casual Male XL outlet stores, and 19 Rochester Clothing stores, in addition to its various catalogs and e-commerce sites. This morning, the Company reported operating results for the second quarter and six month period ended July 31, 2010. Net income for the second quarter increased 56% to $5.6 million, or $0.12 per diluted share, up from $3.6 million, or $0.09 per diluted share. For the six month period, the Company’s net income increased 145% to $9.8 million, or $0.21 per diluted share, from a net income of $4 million, or $0.10 per diluted share.

LYTS $5.41 +12.24%
LSI Industries, Inc. (NASDAQ: LYTS) provides corporate visual image solutions primarily in the United States, Canada, Australia, and Latin America. This morning, the Company reported financial results for the fourth quarter and fiscal year ended June 30, 2010. Fourth quarter net sales were $63,886,000, an increase of 27.3% compared to the same period of the prior fiscal year, while net income for the quarter was $727,000, or $0.03 per share, compared to a net loss of $257,000, or $0.01 per share, for the same period of the prior fiscal year. The Company’s fiscal 2010 net sales totaled $254,402,000, an increase of 8.8% compared to fiscal 2009; fiscal 2010 net income was $1,424,000, or $0.06 per share, compared to a net loss of $13,414,000, or $0.62 per share, in fiscal 2009. Additionally, the Company declared a regular quarterly cash dividend of $0.05 per share payable September 7, 2010 to shareholders of record August 31, 2010, and will be holding an earnings conference call today at 3 pm Eastern.

VRNM $3.33 +11.00%
Verenium Corporation (NASDAQ: VRNM) engages in the development and production of specialty enzyme products, and production and commercialization of biofuels. Although the Company has not issued news in over a week, VRNM shares have gained as much as 37% over Friday’s close of $2.50, trading as high as $3.43 per share this morning.

EFOI $2.50 +9.17%
Energy Focus, Inc. (NASDAQ: EFOI) engages in the design, development, manufacture, marketing, and installation of energy-efficient lighting systems principally for commercial/industrial lighting and pool lighting markets. In addition to reporting positive financial results for second quarter 2010 on Tuesday, the Company also announced that its turnkey lighting retrofit division, Stones River Companies, LLC, was recently awarded seven lighting energy services contracts totaling $2.8 million, “bring the total contracts awarded to Energy Focus’ new business unit to $21.8 million.”