IRVINE, Calif., Dec. 18, 2019 --  In the release distributed Friday, December 13, 2019 by ShiftPixy, Inc., we were informed the first bullet of the press release in '2019.

IRVINE, Calif., Dec. 13, 2019 -- ShiftPixy, Inc. (NASDAQ: PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary.

Lyft's (NASDAQ:LYFT) Q2 results, reported on Aug. 7, were better than expected. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsEven better than the revenue beat was the company's increased full-year guidance. Lyft stock price initially jumped on the news, then gave up all of its gains as the stock market retreated amid trade-war worries. . While it's great to see the company's outlook is improving, I don't believe that's a reason to buy Lyft stock. Here's why. Investing Is About RetirementMost people invest to fund their retirements. As a result, investors should ensure that their capital is protected as much as possible. Buying stocks is not as much about hitting a home run as it is about getting a bunch of singles over a long period. * 7 Large-Cap Stocks to Sell Right Now Take Lyft stock. It went public on March 28 at $72 per share and gained 8.7% in its first day of trading. Since then, Lyft stock price has lost all of its first-day gains and then some. Down 18% since its IPO, Lyft stock needs more good news like its raised full-year outlook if it's going to make a comeback to $72. However, that shouldn't matter to those investing for their retirements. They ought to be more concerned about Lyft stock price dropping further. As long as LYFT still doesn't have a pathway to GAAP profitability, I can't recommend Lyft stock in good conscience. LYFT Has Got to Have a Shot at ProfitabilityIn April, I compared Lyft to ShiftPixy (NASDAQ:PIXY), a company that operates a platform for hiring and scheduling shift work. It brings shift workers and employers together to do business. Like LYFT, PIXY doesn't make money, but could soon. That's why I suggested that, as speculative plays go, ShiftPixy is a better opportunity than Lyft. Since then, PIXY has lost more than half its value. While Lyft has an $18 billion market cap and is a massive company relative to ShiftPixy, they both have one thing in common: They lose a lot of money. And companies that lose money are for speculators, not investors. In Lyft's Q2, it had revenue of $867.3 million and an adjusted net loss of $197.3 million. That means for every dollar of sales, Lyft lost 23 cents. By comparison, ShiftPixy had $14.3 million in revenue last quarter and a net loss of $5 million, which means it lost 35 cents for every dollar of sales it generated in the quarter. Both companies' numbers are terrible, but at least the owners of ShiftPixy stock know they're dealing with a speculative investment. Average retail investors who don't know any better see Lyft's 72% year-over-year increase in revenue in Q2, along with the 41% YoY increase in its number of active riders, and assume that, given time, LYFT will make a profit. The truth is it might never make a profit, despite its recent good news.In fiscal 2019, Lyft expects to generate revenue of at least $3.47 billion with an adjusted EBITDA loss of $850 million to $875 million. In 2018, Lyft's EBITDA's loss was around $850 million. Do you really want to own stock in a company that's losing close to $1 billion annually? I sure don't. The Bottom Line on Lyft StockOn Aug. 19, the lock-up period will end on about 257.6 million shares of Lyft stock owned by company insiders, directors and officers. As those insiders look to sell some of their shares, the Lyft stock price could take a hit. However, because Lyft stock is trading well below its IPO price, it's unlikely that the earlier-than-expected end of the lock-up period will result in a mass exodus of pre-IPO investors.But while the company's improved outlook is a good morale booster for its employees, the reality is that the guidance hike is not a reason to buy Lyft stock. In my opinion, investors should only buy Lyft stock if the company demonstrates that it has a pathway to profitability. At the moment, such a path doesn't exist.If you're looking to bet on a money loser, Roku (NASDAQ:ROKU) is a much smarter bet. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Aristocrat Stocks to Buy Now No Matter What * 7 Stocks to Buy to Ride the Vegan Wave * 4 Safe Stocks to Buy Amid Trade War Turbulence The post Lyft's Guidance Hike Is Not a Reason to Buy Lyft Stock appeared first on InvestorPlace.

ShiftPixy Inc (NASDAQ: PIXY), a provider of mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, announced Tuesday a deal with Diamondback DTNM, an operator of 11 Del Taco Restaurants Inc (NASDAQ: TACO).ShiftPixy has a market cap just north of $18 million.What Happened As part of the agreement, 11 Del Taco restaurants in the Albuquerque, New Mexico region will start using ShiftPixy's platform. The goal is for the Del Taco franchisee to leverage ShiftPixy's end-to-end platform for human capital management and native delivery.ShiftPixy's platform for the food industry is part of its recently announced Restaurant Resilience Plan. The technology offers restaurant operators access to technology and services "vital to their survival and ideal for once business reopens."Why It's Important The coronavirus (COVID-19) pandemic forced restaurants to "re-think their approach" to stakeholders, including customers, employees and other third-parties, CEO and co-founder of ShiftPixy Scott Absher said in the press release.ShiftPixy's platform allows the Del Taco franchisees to be able to better focus on delivering a great food experience instead of worrying about challenges posed by the pandemic."We've saved significant time and capital and have elevated employee engagement," said John Bissell, VP and COO of Diamondback. "The native delivery solution, which we think is simply amazing, has allowed us to access customers we would not have otherwise reached while maintaining control of our brand."What's Next It's not clear or known if ShiftPixy's agreement will expand beyond the Albuquerque region.Shares of the ShiftPixy traded higher by more than 84% to $11.76 at time of publication.Related Links:Why Cramer Favors Chipotle, Starbucks And Wendy's Post-Coronavirus ShutdownRestaurant Brands CEO 'Optimistic' About Burger King Parent Company After Meeting With TrumpSee more from Benzinga * Restaurant Brands CEO 'Optimistic' About Burger King Parent Company After Meeting With Trump * Why SmileDirectClub Is Suing NBCUniversal For .8B * Bored In The House? Top Disney Exec Departs To Take TikTok CEO Job(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

ShiftPixy (PIXY), a California-based gig engagement platform provider, today announced a new initiative as part of its Restaurant Resilience Plan, to help restaurants reclaim their brand and customer relationships via native delivery amid COVID-19. ShiftPixy’s native delivery solution enables restaurants to repurpose their own, food safety trained staff to facilitate deliveries, reclaim their brand and forgo their reliance on third-party platforms. Today, many restaurants are reliant on third-party delivery partners, but the COVID-19 pandemic has sparked concern for multi-unit franchises and the brands they operate under, leading them to reevaluate who is managing their customer relationships.

ShiftPixy (PIXY), a California-based gig engagement platform provider, today announced that as part of its recently introduced Restaurant Resilience Plan, its disruptive, comprehensive technology platform specifically designed for restaurants is now available for free, without initial investment, to help restaurant operators and entrepreneurs as they face the unprecedented impacts of the COVID-19 crisis. Offering a digital platform that manages everything from online ordering through to native delivery driver management, ShiftPixy is making its revolutionary technology more readily available so that restaurants can focus on doing what they do best – offering a great food experience. In addition to the free implementation of its platform, ShiftPixy also offers HNOA (hired, non-owned auto liability) insurance to each of its delivery tickets to further ease the struggles of restaurants shifting to a delivery-first environment.

ShiftPixy, Inc. (PIXY), a California-based gig engagement platform provider, today discussed the Company’s increased levels of inbound interest due to the current COVID-19 pandemic. Using ShiftPixy’s driver management technology, restaurant operators can control delivery with their own staff without having to deal with the uncertainties of third-party delivery services. ShiftPixy’s platform includes two layers: the first revolves around building operators a robust, easy-to-use digital ordering platform that boosts customer engagement and spending, while the second handles driver management, intercepting online orders, finding a designated driver, creating a driver route, and communicating with the customer as the order is completed.

By Lisa Thompson NASDAQ:PIXY READ THE FULL PIXY RESEARCH REPORT Trading at an enterprise value of $9 million, with a revenue run rate of $62 million and annual results that showed 53% growth, ShiftPixy (NASDAQ:PIXY) certainly deserves a second look. With a new year and a new CFO, the company has put behind it a few of its missteps and has a plan to fix the rest. Clearly investors have been wary

ShiftPixy, Inc. (the “Company”) (PIXY), a California-based gig engagement platform provider, today announced the pricing of an underwritten public offering with expected total gross proceeds of approximately $12,000,000, before deducting underwriting discounts, commissions and other offering expenses payable by the Company. The securities offered by the Company consist of (i) 1,898,850 shares of common stock together with 949,425 Warrants (the “Warrants”) to purchase up to 949,425 shares of common stock and (ii) 323,310 pre-funded warrants, with each pre-funded warrant exercisable for one share of common stock, together with 161,655 Warrants to purchase up to 161,655 shares of common stock.

ShiftPixy, Inc. (PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary HRIS platform that facilitates employment in the rapidly growing Gig Economy, today announced the assignment of 60% of its contracted book of business for $20 million. The Company expects proceeds to fully fund operations through to cash flow breakeven, including the ongoing successful development of its next-gen workforce platform, and to further fulfill its growth initiatives. Given the Company’s early calendar year 2020 business outlook, its accelerating growth profile, and an enhanced focus on its most profitable customers resulting from the assignment, ShiftPixy expects to quickly replace the revenue stream and achieve cash flow breakeven by mid calendar year 2020.

If you own shares in ShiftPixy, Inc. (NASDAQ:PIXY) then it's worth thinking about how it contributes to the volatility...

Looking into the current session, ShiftPixy Inc. (NASDAQ: PIXY) shares are trading at $12.88, after a 101.49% increase. Moreover, over the past month, the stock increased by 132.01%, but in the past year, decreased by 52.55%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.The stock is currently up from its 52 week low by 6334.28%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with staffing & employment services stocks, and capitalize on the lower share price observed over the year.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.Most often, an industry will prevail in a particular phase of a business cycle, than other industries.ShiftPixy has a lower P/E than the aggregate P/E of 17.49 of the staffing & employment services industry. Ideally, one might believe that they might perform worse than its peers, but it's also probable that the stock is undervalued.There are many limitations to price to earnings ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings.See more from Benzinga * 13 Industrials Stocks Moving In Monday's Pre-Market Session * 9 Industrials Stocks Moving In Thursday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Benzinga Pro's Stocks To Watch For Wednesday VanEck Gold Miners ETF (GDX)  - This ETF, which tracks the price action of gold mining-related assets, saw extreme volatility over Tuesday evening and Wednesday ...

ShiftPixy (PIXY), a California-based gig engagement platform provider, today announced its first international expansion, ShiftPixy Canada, to meet the recent increased interest from multi-unit restaurant operators in Canada. The company is currently in the process of completing all the necessary registrations in each of Canada’s ten provinces and plans to begin offering its end-to-end restaurant solution to Canadian customers as soon as that process is complete in the coming months. The company has established ShiftPixy Canada as a wholly-owned subsidiary.

ShiftPixy (PIXY), a California-based gig engagement platform provider, today announced the company’s initiative to catalyze digital infrastructure reinforcement and human capital management repurposing for multi-unit restaurant operators during the COVID-19 pandemic by leveraging the new Paycheck Protection Program (PPP) small business loans. As some of the hardest hit businesses by the global pandemic, restaurants across the country have been forced to furlough or lay off most, if not all, of their employees in addition to closing their dining rooms. Further, many restaurants lack the proper delivery infrastructure to adapt to the current environment.

Guys, the records keep on rolling in for my personal trading account. Not only am I still on the second-longest win streak of my trading career at 36 days and counting, April and May have been some of the most profitable months of my career and, this past Tuesday, I also managed to register my biggest green day ever at $47,018.12!It's been a long time since I was able to top my personal best. I set the prior record of $40,377 all the way back in November 2017. However, this past Tuesday, I was able to surpass that with a few trades in just a single stock.The headline stock for that day was ShiftPixy, Inc. (NASDAQ: PIXY) and really, there was not too much about it that set it apart from the majority of stocks I tend to trade. PIXY was gapping up in premarket by nearly 80% on some news and, although it's a fairly low-float stock with a little over 300k shares, it's not the thinnest stock I've ever traded and it has a history of big price moves.Admittedly, I did take my initial trades in PIXY before the market opened, which is a risky play regardless of the stock. However, based on the order flow and the chart pattern I was confident the momentum would carry through. This turned out to be the case in the 10 minutes before and after the open where I was able to find some ideal entries on pullbacks to ring the bell near the high of the move for a gross profit of $40,598.28.Through the rest of the morning, I took some additional trades in Nano Dimension Ltd. (NASDAQ: NNDM) ($8,825.97) and Mercurity Fintech Holding Inc. (NASDAQ: MFH) (-$1,973). Overall, apart from the massive moves in PIXY, it was a pretty standard day.That's what's been really great about the past couple of months. I haven't really had a massive green day like Tuesday all year, just a series of strong wins that have helped set me up for one of my best years ever. Because, in addition to boosting my ongoing streak, Tuesday's record-breaking win put me on pace for over $300,000 in gross profit in just the first 5 months of 2020.My best-ever annual performance was in 2018 when I was just shy of hitting $500,000. If I keep anywhere close to my current pace, or even slightly under it, I'm almost guaranteed to surpass it. Of course, overconfidence has been a weakness of mine in the past. Still, knowing that I can rely on my trading strategy to provide days like Tuesday, or simply to give me the string of solid wins I've been seeing over the past few weeks, means staying the course is still my most appealing option. If you'd like to get more insight into my strategy, I've put up a free digital download for copies of my best-selling "How to Day Trade" guide to celebrate this most recent record. If you're interested in learning how I arrived at my current approach to the market, now is the best time to learn for yourself.See more from Benzinga * Momentum's Still In Bloom In May As Summer Trading Approaches * Green Or Red: How To Handle A Streak * Reflections On An All-Green April(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

By Lisa Thompson NASDAQ:PIXY READ THE FULL PIXY RESEARCH REPORT Last night, ShiftPixy (NASDAQ:PIXY) announced it has sold off its PEO business, which was 60% of its revenue base to Vensure Employer Services of Duluth, Georgia for approximately $19 million in cash. This not only raises desperately needed cash, it hits the reset button for the company to strategically focus on its higher margin,

ShiftPixy (PIXY), a California-based gig engagement platform provider, today announced the launch of its new ‘Shifter Waitlist’, allowing restaurant employees displaced by the coronavirus pandemic to sign up now for available work at restaurants when business restarts. ShiftPixy currently serves thousands of restaurant workers in markets across the country, and is rolling out its Shifter Waitlist to facilitate recovery plans for both employees and operators nationwide. “We have heard from many multi-unit restaurant operators expressing the fear, ‘What if they don’t come back?’ when thinking about the employees they had to furlough,” said Scott Absher, CEO and co-founder of ShiftPixy.

ShiftPixy (PIXY), a California-based gig engagement platform provider, today announced a partnership with Diamondback DTNM, LLC (DBA Del Taco), operator of 11 Del Taco restaurants in the Albuquerque, NM area, to comprehensively implement ShiftPixy’s disruptive platform across all locations in the face of the Coronavirus pandemic. The Del Taco franchisee is leveraging ShiftPixy’s end-to-end platform for human capital management and native delivery.

ShiftPixy, Inc. (PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary HRIS platform that facilitates employment in the rapidly growing Gig Economy, today announced the appointment of restaurant technology pioneer Christopher Sebes to its board of directors. Mr. Sebes is a widely respected restaurant technology entrepreneur and Forbes Council Member who has dedicated his career to hospitality management and technology. Mr. Sebes was the creator of Twenty20 Visual Systems, the first-ever Microsoft Windows POS company, and went on to become the CEO of Progressive Software.