The Atomos Ltd (ASX: AMS) share price has been flying lately, gaining 23% in the last month.
At close of trade today, shares in the content creation technology company were swapping hands for $1.23. This time last month, they were going for just $1.00.
The gains to the Atomos share price come despite the company releasing just a single piece of news to the market in the last month. However, its CEO has been in the news today for all the wrong reasons.
Let's take a look at what Atomos has been up to lately.
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The latest news on Atomos
Sydney escapee
Atomos is in the news today after its CEO Jeromy Young was allegedly caught trying to break COVID-19 border restrictions aboard a super yacht.
Maritime Safety Queensland noted a 32-metre super yacht had landed on the Gold Coast after travelling from Sydney. 7 News reported today that Young was among the 4 people on board the super yacht.
After arriving on the Gold Coast, the group attended a rugby game in Brisbane on Wednesday before being fined for providing false and misleading information to get across the Queensland border.
They have all since tested negative to COVID-19.
The last we heard from Atomos
Aside from its CEO's escapades, the only time we've heard from Atomos this month was on 30 June when the company released a trading update.
The update pushed the Atomos share price up to close 11.46% higher than its previous session.
The trading update announced record sales for the 2021 financial year. The company has brought in more than $77 million – 73% more than the previous financial year.
It also recorded more than $44.2 million worth of sales in the second half of the 2021 financial year. That's 275% more than the prior corresponding period.
Atomos share price snapshot
The Atomos share price has been performing well lately. It's gained 26% year to date. It is also 186% higher than it was this time last year.
The company has a market capitalisation of around $269 million, with approximately 218 million shares outstanding.
