Streetbeat News

Earnings

GOEV

Canoo Inc. (NASDAQ:GOEV) spent over double its 2023 revenue on CEO Tony Aquila's private jet, totaling $1.7 million against a revenue of $886,000. Despite delivering 22 vehicles and reducing operating losses, Canoo's net annual losses were $302.6 million. The company also paid $1.7 million in 2023 for shared services at its Texas office. This spending raises concerns amid a widening wealth gap and discussions on the wealthy's societal responsibilities.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 7:09 am

SRG

Seritage Growth Properties reported a FY23 EPS of $(2.85), a decrease from $(1.59) YoY. Sales also declined to $20.78M from $107.06M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 6:52 am

PLAY

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) is anticipated to report higher earnings for Q4, with expectations of $1.10 per share, up from 80 cents the previous year, and revenue of $602.61 million, up from $563.76 million. Despite a recent in-line loss for Q3, PLAY shares rose 2.9% to close at $64.43. Analyst ratings have varied, with downgrades and price target adjustments reflecting differing outlooks on the company's performance.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 5:56 am

AAPL

BA

INTC

NKE

UNH

Jim Cramer reviewed the Dow Jones Industrial Average's five worst-performing stocks in Q1 2024 on CNBC's 'Mad Money'. The stocks include Boeing, Nike, Intel, Apple, and UnitedHealth Group. Despite their poor performance, Cramer believes these companies could be at a turning point. He highlighted Boeing's plane malfunctions, Nike's competition challenges, Intel's potential rally, Apple's long-term value despite short-term challenges, and UnitedHealth's strong management despite facing higher medical costs.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 4:13 am

CXAI

DJT

MU

TSLA

WBA

In Monday's trading session, the stock market saw mixed results with the Dow Jones falling and NASDAQ rising. Trump Media & Technology Group, CXApp Inc., Micron Technology, Walgreens Boots Alliance, and Tesla were among the most notable stocks. Trump Media disclosed significant losses, CXApp surged after a partnership with Google Cloud, Micron Technology gained on positive performance, Walgreens dropped but showed potential for a bullish future, and Tesla slightly fell amidst competition.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 3:47 am

SHFS

Safe Harbor Financial (NASDAQ:SHFS), a key player in financial services for the cannabis industry, reported a significant increase in its annual revenue for 2023, with a 85.3% rise to $17.6 million from $9.5 million in 2022. The company also saw a 25% increase in Q4 revenue to $4.5 million and a 176.9% surge in Adjusted EBITDA to $3.6 million. This growth is attributed to new product introductions, an increase in deposit and activity income, and the acquisition of Rockview Digital Solutions Inc. Despite these positive results, SHFS's stock dropped by 3.63% to $0.93 per share.

Portfolio Pulse from Nicolás Jose Rodriguez

April 02, 2024 | 1:35 am

CLVR

CLVRW

Clever Leaves Holdings Inc. (NASDAQ:CLVR) (NASDAQ:CLVRW) reported a 6% revenue increase for the full year ended December 31, 2023, with a notable 39% rise in cannabinoid revenue. The fourth quarter saw a 5% revenue increase to $4.6 million, driven by the cannabinoid segment's 29% growth. Operational improvements included a significant increase in harvest volume. The company also completed the sale of its Non-Cannabinoid Herbal Brands Business for $8.02 million on March 21, 2024, as part of its strategic focus on core operations.

Portfolio Pulse from Nicolás Jose Rodriguez

April 02, 2024 | 1:24 am

DJT

Trump Media & Technology Group (TMTG) has filed its first 10-K report, marking its operation as a public company. CEO Devin Nunes highlighted the company's strong financial position with no debt and over $200 million in the bank, post-merger. TMTG aims to expand and enhance Truth Social, positioning it as a leading free-speech platform.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:03 pm

GOEV

Canoo Inc. (NASDAQ:GOEV) reported mixed Q4 results with adjusted losses of $1.73 per share, beating estimates, but sales of $367,000 missed expectations. The company produced 22 vehicles in 2023, with 17 in Q4. CEO Tony Aquila highlighted the start of commercial fleet deliveries and the FTZ designation for the OKC facility. Canoo anticipates 2024 revenues between $50 million and $100 million and plans to continue acquiring distressed assets. Post-results, GOEV shares dropped 24.81% in after-hours trading.

Portfolio Pulse from Erica Kollmann

April 01, 2024 | 9:56 pm

ASTS

AST SpaceMobile (NASDAQ:ASTS) reported Q4 earnings with a significant miss on estimated earnings by -52.0%, posting an EPS of $-0.35 against an estimate of $-0.23. Revenue remained unchanged from the same period last year. Despite a past performance of missing EPS estimates last quarter followed by a 24.0% share price increase, this report presents a stark contrast.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 9:45 pm