- Mobile learning platform Duolingo Inc (NASDAQ:DUOL) has completed the acquisition of Gunner, a design and animation studio based in Detroit. The financial details of the transaction were not disclosed.
- Gunner has been an animation and design partner for Duolingo since 2020.
- Gunner produces art and animations that show up in Duolingo’s flagship language app and early childhood literacy app, Duolingo ABC.
- The acquisition will add fifteen new designers, illustrators, and animators to Duolingo’s existing design teams.
- The company held $591.2 million in cash and equivalents as of June 30, 2022.
- “Art and animation are foundational to the Duolingo brand, and we use them to help make Duolingo a beloved daily habit in millions of learners’ lives,” said CEO Luis von Ahn.
- Price Action: DUOL shares closed higher by 4.88% at $101.73 on Tuesday.
SunLink Health Systems Q2 EPS $0.29 Up From $(0.07) YoY, Sales $14.39M Up From $10.41M YoY
SunLink Health Systems (AMEX:SSY) reported quarterly earnings of $0.29 per share. This is a 514.29 percent increase over losses of $(0.07) per share from the same period last year. The company reported $14.39 million in
