Streetbeat News

Assets

TRC

Tejon Ranch (TRC) anticipates higher than normal almond inventory levels for FY23, which is expected to negatively impact selling prices for the remainder of 2023.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:29 pm

CCL

An option alert has been issued for Carnival Corporation (CCL) for August 11 $20 calls. The sweep is near the ask with 5000 @ $0.07 versus an open interest of 6006. The company's earnings are expected to be released on September 19 before the market opens. The reference price is $17.4407.

Portfolio Pulse from Charles Gross

August 04, 2023 | 1:27 pm

RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) announced its production and operations updates for July 2023. The company produced 410 Bitcoins, held 7,275 Bitcoins, and sold 400 Bitcoins at an average net price of $30,293 per Bitcoin. The company's deployed hash rate was 10.7 EH/s and it had 95,904 deployed miners. Riot's power strategy generated $6.4 million in power credits and $1.8 million in demand response credits. The company is in the process of repairing damage incurred in Building G during the severe winter storm in Texas in December 2022, and now anticipates achieving a total self-mining hash rate capacity of 12.5 EH/s at its Rockdale Facility in the second half of 2023.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:26 pm

PRPO

Precipio, Inc. (NASDAQ:PRPO) has announced significant reductions in its cash burn, projecting a cash burn of $3.1M for the six months ended June 30, 2023, a 26% YoY reduction. The company has identified opportunities for operational efficiency and cost-cutting initiatives that will contribute to the reduction in cash burn, including lab services economies of scale, in-house NGS testing, in-house billing, pathology interpretation restructuring, and reduced corporate expenses.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:23 pm

IONM

Assure Holdings Corp. (NASDAQ:IONM) has acquired certain assets of Innovation Neuromonitoring, LLC for approximately $1.2 million in a cash and equity transaction. The acquisition is expected to help Assure scale its operations and increase value for its shareholders.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:19 pm

AREC

American Resources Corporation (NASDAQ:AREC) has entered into a binding letter of intent to sell assets associated with its Deane Mining Complex. The deal represents a $20.6 million enterprise value, payable in upfront cash, ongoing quarterly cash payments, and the assumption of environmental reclamation bonds. The sale is part of the company's strategy to unlock shareholder value by selling non-core assets.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:19 pm

MYE

Myers Industries has projected its capital expenditures for the fiscal year 2023 to be between $25M and $30M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:18 pm

CMPX

Compass Therapeutics reported Q2 losses of $(0.09) per share, missing the analyst consensus estimate of $(0.08) by 12.5%. The company ended Q2 with $169M in cash and marketable securities, providing a cash runway into 2026.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:17 pm

AUID

CXM

authID.ai (NASDAQ:AUID) has announced the appointment of Ed Sellitto as its new Chief Financial Officer, effective August 15, 2023. Sellitto, who has over 15 years of experience in financial management and revenue operations, will succeed Annie Pham. Pham will remain with the company until the announcement and filing of Q2 2023 results to ensure a smooth transition. Sellitto's compensation package includes a grant of options to purchase 50,000 shares of new Common Stock.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:16 pm

SDIG

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) has announced its Q2 2023 operations and financial update. The company reported preliminary Q2 revenue of $18.2 million and a net loss of $11.7 million. It generated 626 Bitcoin, representing a 43% growth compared to Q4 2022. The company also purchased over 1,000 additional MicroBT Whatsminer M50 and M50S miners, with an aggregate hash rate capacity of ~130 PH/s, for approximately $2.1 million. Stronghold expects to add ~560 PH/s to its existing hash rate capacity by September 1, 2023.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:14 pm