Why OptiNose Inc. (OPTN) Surged On Thursday?
The stock market edged lower on Thursday, erasing gains from the previous trading day that was buoyed by the Federal Reserve's decision to keep rates unchanged.
The tech-heavy Nasdaq decreased by 0.33 percent, the S&P 500 declined by 0.22 percent, and the Dow Jones dipped by 0.03 percent.
On Thursday, investors immediately booked profits following the lack of fresh catalysts to further boost buying appetite.
However, 10 companies under the micro- to small-cap sectors noticeably defied market pessimism, having surged by double to triple digits. In this article, we have identified Thursday's 10 best performers and detailed the reasons behind their gains.
We classify micro-cap companies as those between $50 million and $300 million in market capitalization, while small-cap firms are those with $300 million and $2 billion in market capitalization.
A white-coat wearing pharmacist holding a bottle of a specialized therapeutic product.
OptiNose grew its share prices by 52.50 percent on Thursday to finish at $9.15 apiece as investors took heart from news that it is set to be acquired by Paratek Pharmaceuticals for $330 million.
In a statement on Thursday, Paratek announced that it entered into a definitive merger agreement with OPTN, under which, Paratek will acquire OPTN, including its approved product XHANCE (fluticasone propionate).
After the transaction, OPTN shareholders will expect to receive $14 for each share, including the payment of contingent value rights (CVRs) tied to future commercial milestones.
According to Paratek, the acquisition plan would boost its commercial portfolio beyond the flagship antibiotic NUZYRA.
'We have long recognized the potential of XHANCE to transform how CRS is treated. We have been exploring opportunities to make more patients and doctors aware of XHANCE and the benefits it can offer to patients suffering from this common condition. Paratek, with its robust commercial and medical capabilities, has the potential to rapidly extend awareness of XHANCE to primary care providers who treat the majority of patients with CRS,' said OPTN CEO Ramy Mahmoud.
Overall, OPTN ranks 4th on our list of micro-, small-cap firms that dominate Thursday's gains. While we acknowledge the potential of OPTN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as OPTN but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires
Disclosure: None. This article is originally published at Insider Monkey.
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In addition, our R$1 billion share buyback program remains open and is currently being executed, as part of our capital distribution plan, aligned with our guidance target of BIS Ratio to operate the business between 16% and 19% in 2026. ______________________________ 5 – Managerial BIS Ratio is calculated using the same methodology as the BIS Ratio for our Prudential Conglomerate. However, it is based on the total assets and equity of the entire group. Other Information Webcast and Conference Call Information The Company will host a webcast to discuss its second quarter financial results on Monday, August 18th, 2025, at 5:00 pm ET (6:00 pm BRT). To participate in the earnings webcast please subscribe at 2Q25 Earnings Web Meeting. The replay will be available on XP's investor relations website at Important Disclosure In reviewing the information contained in this release, you are agreeing to abide by the terms of this disclaimer. This information is being made available to each recipient solely for its information and is subject to amendment. This release is prepared by XP Inc. (the "Company," "we" or "our"), is solely for informational purposes. This release does not constitute a prospectus and does not constitute an offer to sell or the solicitation of an offer to buy any securities. In addition, this document and any materials distributed in connection with this release are not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. This release was prepared by the Company. Neither the Company nor any of its affiliates, officers, employees or agents, make any representation or warranty, express or implied, in relation to the fairness, reasonableness, adequacy, accuracy or completeness of the information, statements or opinions, whichever their source, contained in this release or any oral information provided in connection herewith, or any data it generates and accept no responsibility, obligation or liability (whether direct or indirect, in contract, tort or otherwise) in relation to any of such information. The information and opinions contained in this release are provided as at the date of this release, are subject to change without notice and do not purport to contain all information that may be required to evaluate the Company. The information in this release is in draft form and has not been independently verified. The Company and its affiliates, officers, employees and agents expressly disclaim any and all liability which may be based on this release and any errors therein or omissions therefrom. Neither the Company nor any of its affiliates, officers, employees or agents makes any representation or warranty, express or implied, as to the achievement or reasonableness of future projections, management targets, estimates, prospects or returns, if any. The information contained in this release does not purport to be comprehensive and has not been subject to any independent audit or review. Certain of the financial information as of and for the periods ended of December 31, 2021 and December 31, 2020, 2019, 2018 and 2017 has been derived from audited financial statements and all other financial information has been derived from unaudited interim financial statements. A significant portion of the information contained in this release is based on estimates or expectations of the Company, and there can be no assurance that these estimates or expectations are or will prove to be accurate. The Company's internal estimates have not been verified by an external expert, and the Company cannot guarantee that a third party using different methods to assemble, analyze or compute market information and data would obtain or generate the same results. Statements in the release, including those regarding the possible or assumed future or other performance of the Company or its industry or other trend projections, constitute forward-looking statements. These statements are generally identified by the use of words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" and "potential," among others. By their nature, forward-looking statements are necessarily subject to a high degree of uncertainty and involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside the control of the Company. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements and there can be no assurance that such forward-looking statements will prove to be correct. These risks and uncertainties include factors relating to: (1) general economic, financial, political, demographic and business conditions in Brazil, as well as any other countries we may serve in the future and their impact on our business; (2) fluctuations in interest, inflation and exchange rates in Brazil and any other countries we may serve in the future; (3) competition in the financial services industry; (4) our ability to implement our business strategy; (5) our ability to adapt to the rapid pace of technological changes in the financial services industry; (6) the reliability, performance, functionality and quality of our products and services and the investment performance of investment funds managed by third parties or by our asset managers; (7) the availability of government authorizations on terms and conditions and within periods acceptable to us; (8) our ability to continue attracting and retaining new appropriately-skilled employees; (9) our capitalization and level of indebtedness; (10) the interests of our controlling shareholders; (11) changes in government regulations applicable to the financial services industry in Brazil and elsewhere; (12) our ability to compete and conduct our business in the future; (13) the success of operating initiatives, including advertising and promotional efforts and new product, service and concept development by us and our competitors; (14) changes in consumer demands regarding financial products, customer experience related to investments and technological advances, and our ability to innovate to respond to such changes; (15) changes in labor, distribution and other operating costs; (16) our compliance with, and changes to, government laws, regulations and tax matters that currently apply to us; (17) other factors that may affect our financial condition, liquidity and results of operations. Accordingly, you should not place undue reliance on forward-looking statements. The forward-looking statements included herein speak only as at the date of this release and the Company does not undertake any obligation to update these forward-looking statements. Past performance does not guarantee or predict future performance. Moreover, the Company and its affiliates, officers, employees and agents do not undertake any obligation to review, update or confirm expectations or estimates or to release any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of the release. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented and we do not intend to update any of these forward-looking statements. Market data and industry information used throughout this release are based on management's knowledge of the industry and the good faith estimates of management. The Company also relied, to the extent available, upon management's review of industry surveys and publications and other publicly available information prepared by a number of third-party sources. All of the market data and industry information used in this release involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Although the Company believes that these sources are reliable, there can be no assurance as to the accuracy or completeness of this information, and the Company has not independently verified this information. The contents hereof should not be construed as investment, legal, tax or other advice and you should consult your own advisers as to legal, business, tax and other related matters concerning an investment in the Company. The Company is not acting on your behalf and does not regard you as a customer or a client. It will not be responsible to you for providing protections afforded to clients or for advising you on the relevant transaction. This release includes Adjustments to Reported Net Income, which is non-GAAP financial information. We believe that such information is meaningful and useful in understanding the activities and business metrics of the Company's operations. We also believe that these non-GAAP financial measures reflect an additional way of viewing aspects of the Company's business that, when viewed with our International Financial Reporting Standards ("IFRS") results, as issued by the International Accounting Standards Board, provide a more complete understanding of factors and trends affecting the Company's business. Further, investors regularly rely on non-GAAP financial measures to assess operating performance and such measures may highlight trends in the Company's business that may not otherwise be apparent when relying on financial measures calculated in accordance with IFRS. We also believe that certain non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of public companies in the Company's industry, many of which present these measures when reporting their results. The non-GAAP financial information is presented for informational purposes and to enhance understanding of the IFRS financial statements. The non-GAAP measures should be considered in addition to results prepared in accordance with IFRS, but not as a substitute for, or superior to, IFRS results. As other companies may determine or calculate this non-GAAP financial information differently, the usefulness of these measures for comparative purposes is limited. A reconciliation of such non-GAAP financial measures to the nearest GAAP measure is included in this release. For purposes of this release: "Active Clients" means the total number of retail clients served through our XP Investimentos, Rico, Clear, XP Investments and XP Private (Europe) brands, with Client Assets above R$100.00 or that have transacted at least once in the last thirty days. For purposes of calculating this metric, if a client holds an account in more than one of the aforementioned entities, such client will be counted as one "active client" for each such account. For example, if a client holds an account in each of XP Investimentos and Rico, such client will count as two "active clients" for purposes of this metric. "Client Assets" means the market value of all client assets invested through XP's platform and that is related to reported Retail Revenue, including equities, fixed income securities, mutual funds (including those managed by XP Gestão de Recursos Ltda., XP Advisory Gestão de Recursos Ltda. and XP Vista Asset Management Ltda., as well as by third-party asset managers), pension funds (including those from XP Vida e Previdência S.A., as well as by third-party insurance companies), exchange traded funds, COEs (Structured Notes), REITs, and uninvested cash balances (Float Balances), among others. Although Client Assets includes custody from Corporate Clients that generate Retail Revenue, it does not include custody from institutional clients (asset managers, pension funds and insurance companies). Rounding We have made rounding adjustments to some of the figures included in this release. Accordingly, numerical figures shown as totals in some tables may not be an arithmetic aggregation of the figures that preceded them. Unaudited Managerial Income Statement (in R$ mn) Managerial Income Statement 2Q25 2Q24 YoY 1Q25 QoQ Total Gross Revenue 4,669 4,503 4% 4,557 2% Retail 3,577 3,294 9% 3,441 4% Equities 1,030 1,115 -8% 959 7% Fixed Income 988 820 20% 1,015 -3% Funds Platform 341 357 -4% 322 6% Retirement Plans 115 97 18% 107 8% Cards 323 313 3% 319 1% Credit 82 54 51% 82 0% Insurance 65 51 26% 53 22% Other 634 485 31% 584 9% Institutional 343 346 -1% 344 0% Corporate & Issuer Services 547 629 -13% 562 -3% Other 202 233 -14% 210 -4% Net Revenue 4,455 4,219 6% 4,345 3% COGS (1,409) (1,279) 10% (1,430) -1% Gross Profit 3,046 2,940 4% 2,915 5% Gross Margin 68.4% 69.7% -130 bps 67.1% 128 bps SG&A (1,498) (1,328) 13% (1,409) 6% People (1,014) (978) 4% (970) 5% Non-People (484) (350) 38% (439) 10% D&A (77) (66) 16% (74) 3% Interest expense on debt (176) (204) -14% (177) -1% Share of profit in joint ventures and associates 22 41 -45% 7 200% EBT 1,318 1,384 -5% 1,263 4% EBT Margin 29.6% 32.8% -321 bps 29.1% 52 bps Tax Expense (Accounting) 4 (266) -101% (27) -113% Tax expense (Tax Withholding in Funds)6 (174) (107) 62% (177) -2% Effective tax rate (Normalized) (11.4%) (25.0%) 1360 bps (14.2%) 275 bps Net Income 1,321 1,118 18% 1,236 7% Net Margin 29.7% 26.5% 316 bps 28.4% 121 bps ____________________________ 6 - Tax adjustments are related to tax withholding expenses that are recognized net in gross revenue. Accounting Income Statement (in R$ mn) Accounting Income Statement 2Q25 2Q24 YoY 1Q25 QoQ Net revenue from services rendered 1,795 1,949 -8% 1,650 9% Brokerage commission 528 541 -2% 473 12% Securities placement 455 686 -34% 477 -5% Management fees 441 443 0% 413 7% Insurance brokerage fee 61 52 17% 58 5% Commission Fees 285 260 10% 241 19% Other services 196 148 32% 152 29% Sales Tax and contributions on Services (170) (181) -6% (165) 3% Net income from financial instruments at amortized cost (854) (244) 249% (902) -5% Net income from financial instruments at fair value through profit or loss 3,515 2,515 40% 3,596 -2% Total revenue and income 4,455 4,219 6% 4,345 3% Operating costs (1,319) (1,236) 7% (1,283) 3% Selling expenses (80) (33) 143% (57) 41% Administrative expenses (1,572) (1,456) 8% (1,448) 9% Other operating revenues (expenses), net 77 95 -19% 23 242% Expected credit losses (90) (43) 109% (146) -39% Interest expense on debt (176) (204) -14% (177) -1% Share of profit or (loss) in joint ventures and associates 22 41 -45% 7 200% Income before income tax 1,318 1,384 -5% 1,263 4% Income tax expense 4 (266) -101% (27) -113% Net income for the period 1,321 1,118 18% 1,236 7% Balance Sheet (in R$ mn) Assets 2Q25 1Q25 Cash 12,088 8,226 Financial assets 342,387 321,791 Fair value through profit or loss 224,965 213,089 Securities 171,833 162,095 Derivative financial instruments 53,132 50,994 Fair value through other comprehensive income 51,285 51,001 Securities 51,285 51,001 Evaluated at amortized cost 66,136 57,701 Securities 7,250 5,677 Securities purchased under agreements to resell 10,121 7,901 Securities trading and intermediation 5,494 4,703 Accounts receivable 1,055 928 Loan Operations 33,115 29,966 Other financial assets 9,102 8,526 Other assets 9,993 10,614 Recoverable taxes 570 555 Rights-of-use assets 360 355 Prepaid expenses 4,171 4,361 Other 4,892 5,344 Deferred tax assets 2,856 2,850 Investments in associates and joint ventures 3,518 3,515 Property and equipment 344 319 Goodwill & Intangible assets 2,665 2,650 Total Assets 373,850 349,966 Liabilities 2Q25 1Q25 Financial liabilities 275,936 258,017 Fair value through profit or loss 66,019 65,457 Securities 13,971 18,102 Derivative financial instruments 52,048 47,354 Evaluated at amortized cost 209,917 192,561 Securities sold under repurchase agreements 71,157 54,372 Securities trading and intermediation 17,001 20,717 Financing instruments payable 104,246 99,622 Accounts payables 720 871 Borrowings 3,004 3,502 Other financial liabilities 13,789 13,477 Other liabilities 75,344 70,612 Social and statutory obligations 1,077 619 Taxes and social security obligations 612 516 Retirement plans liabilities 72,876 68,432 Provisions and contingent liabilities 162 173 Other 618 872 Deferred tax liabilities 301 290 Total Liabilities 351,581 328,920 Equity attributable to owners of the Parent company 22,263 21,042 Issued capital 0 0 Capital reserve 20,205 21,075 Other comprehensive income (358) (549) Treasury (138) (720) Retained earnings 2,554 1,236 Non-controlling interest 7 4 Total equity 22,270 21,046 Total liabilities and equity 373,850 349,966 View source version on Contacts Investor Relations Contact ir@
