Sono Group N.V. Reports Third Quarter 2026 Results: Swings to Net Income in First Full Quarter as Only a Bitcoin Treasury Company

Sono Group N.V. (SSM) shares rose 44.10% to $3.86 on Tuesday, following a non-binding letter of intent with Sports One to combine. The stock traded between $3.67 and $4.40, with 18.31 million shares exchanged. The combined company would focus on sports franchises and intelligence services. Investors, including Sports One affiliates, bought 19.9% of Sono's shares at market price.

Sono Group N.V. (SSM) reported no revenue from continuing operations and a $3.3 million loss from continuing operations for the six months ended June 30, 2026, with net loss of $5.8 million. It sold Sono Motors GmbH on May 4, 2026, recording a $1.1 million deconsolidation loss. At June 30, 2026, assets were $5.0 million, including $4.1 million in Bitcoin, vs. $7.8 million liabilities and a $2.8 million equity deficit. Management cited substantial doubt about going concern.

Hims & Hers (HIMS) shares fell 25.67% last week, despite a deal with Eli Lilly (LLY) announced on November 6. HIMS reported Q3 revenue of $890.37M, up 48.65%, but margins dropped to 57% from 74%. Lilly's Q3 revenue rose 38.61% to $24.397B, and it raised its full-year outlook to $91B-$92B. HIMS's subscriber base shrank by 100,000 to 2.8M, and it cut full-year Adjusted EBITDA guidance to $257M-$277M.

Archer Aviation (ACHR) saw its price targets lowered by Needham and Cantor Fitzgerald following Q3 results. Needham cut its target to $7 from $9, citing FAA progress and higher cash needs, while Cantor reduced its target to $10 from $11. ACHR reported Q3 revenue of $5.1M, beating estimates, but net loss widened to $274.6M. Seven of nine analysts rate the stock 'Buy' or 'Strong Buy'. ACHR shares traded 5% lower.

Crescent Capital BDC (CCAP) reported Q3 2026 earnings of $0.37 per share, beating estimates. The company announced a $50M share buyback and a joint venture to reduce leverage. Shares rose 6.82% in after-hours trading to $9.87, still below NAV. Portfolio assets reached $1.6B, with 91% in senior secured positions. Net investment income declined year-over-year, and NAV per share fell 8%.

Taiwan Semiconductor Manufacturing (TSM) shares rose 1.64% to $395.00 after reporting record October revenue of NT$586.89 billion, up 59.7% year-over-year. Sales increased 14.7% from September. January-to-October revenue reached NT$4.486 trillion, up 43.3% year-over-year. GuruFocus rates TSM highly but notes it is fairly valued at current levels.