NewsMax, the cable news network which saw a huge first-day pop, continued to advance in premarket trade on Tuesday.

NewsMax shares jumped 24% to $103.95, having surged to $83.51 in its first day of trade, having priced at $10.

NewsMax last year lost $72 million while revenue climbed 26% to $171 million, though the loss was mostly due to a legal settlement with Smartmatic over false U.S. election claims.