Thinly traded nano cap Vivus (VVUS +11.2%) is up on a 6x surge in volume, albeit on turnover of only 478K shares, in apparent response to a new five-year FSS (Federal Supply Schedule) contract with the Veterans Administration.
An FSS contract is basically a discounted price offered to federal government entities who preferentially procure products from the list.
The company will release Q1 results after the close on April 30. Consensus view is a loss/share of ($1.17) on revenues of $16.2M.
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