In late morning trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a disappointing note. At the time of writing, the benchmark index is down 0.7% to 7,034.8 points.
Four ASX shares that are not letting that hold them back are listed below. Here’s why they are storming higher:
Dubber Corp Ltd (ASX: DUB)
The Dubber share price has jumped 13% to $2.43. This follows the release of the unified call recording and voice intelligence provider’s third quarter update. That update revealed that Dubber’s annualised recurring revenue (ARR) increased 20% over the three months to $34 million. This is also a 158% increase over the prior corresponding period.
Mesoblast limited (ASX: MSB)
The Mesoblast share price has stormed 11.5% higher to $2.04. Investors have been buying the biotech company’s shares following the release of the 60-day results from the randomised controlled trial of remestemcel-L in 222 ventilator-dependent COVID-19 patients with moderate/severe acute respiratory distress syndrome (ARDS). The results show that remestemcel-L reduced mortality through day 60 by 46% in the pre-specified group below age 65.
PointsBet Holdings Ltd (ASX: PBH)
The PointsBet share price is up 5.5% to $13.36 following the release of its third quarter update. According to the release, the sports betting company reported a 236% increase in turnover to $905.2 million. This was driven by a 137% jump in Australian turnover to $423.2 million and a 431% increase in US turnover to $482 million. Also growing strongly was its net win, which increased 246% to $64.9 million for the three months.
Sezzle Inc (ASX: SZL)
The Sezzle share price has surged 9% higher to $9.71. Investors have been fighting to get hold of the buy now pay later provider’s shares following the release of its first quarter update and the announcement of plans for a US listing. In respect to the former, Sezzle reported underlying merchant sales (UMS) growth of 214.1% to US$375.1 million for the three months ended 31 March. This was driven by a 126.6% increase in active customers to 2.6 million and a 27th consecutive month of improvement in its repeat usage metric.