Streetbeat News

Earnings

LASE

Laser Photonics has delayed its Q4 and full-year 2023 financial results, initially scheduled for release after the market close on March 31, 2023, due to ongoing audit processes. The company is in the final stages of completing its audit but has not provided a new date for the release of its financial results.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:29 am

GUTS

Fractyl Health reported a Q4 GAAP EPS of $(11.18), a decrease from $(7.39) year-over-year. Sales were reported at $7.00K.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:23 am

DGHI

Digihost Technology Inc. (DGHI) reported a 60% increase in its cash and cryptocurrency holdings in March 2024, reaching $6.2 million, up from $3.9 million in January 2024. Despite a 2% decrease in daily BTC mining and a 5% increase in BTC mining difficulty, the company mined approximately 91 BTC in March. The increase in holdings is attributed to the rise in cryptocurrency prices, with BTC valued at $71,200 by the end of March.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:17 am

HPQ

MEI

XRX

Wall Street's most accurate analysts have provided their views on three high-dividend yielding tech stocks: Xerox Holdings Corporation (XRX), Methode Electronics, Inc. (MEI), and HP Inc. (HPQ). XRX has seen a full exercise of its over-allotment option for convertible senior notes and a series of financing transactions. MEI reported worse-than-expected Q3 financial results and suspended guidance. HPQ reported worse-than-expected Q1 sales results. Analyst ratings and price targets have been updated for these stocks.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 11:17 am

XTNT

Xtant Medical forecasts its FY2024 sales to be in the range of $112M-$116M, closely aligning with the consensus estimate of $115.95M.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:14 am

TRVN

Trevena (NASDAQ:TRVN) reported a Q4 EPS loss of $(1.06), missing the consensus estimate of $(0.38) by 178.95%. This represents a 45.21% increase in losses compared to the same period last year. The company also reported a cash balance of $33M.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:14 am

XTNT

Xtant Medical Holdings (AMEX:XTNT) reported Q4 GAAP EPS of $(0.03), missing the $(0.02) estimate, but sales of $28.11M exceeded the $26.55M estimate, marking an 84.07% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:13 am

SACH

Sachem Capital reported a Q4 EPS of $(0.05), missing the $0.11 estimate, marking a 145.45% decrease from last year. However, their sales of $16.91M exceeded the $16.58M estimate, a 6.44% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:13 am

CLSK

CleanSpark announced its Bitcoin mining update for March 2024, revealing it mined 806 Bitcoin, a 24% increase from February. The company's total Bitcoin holdings have now reached 5,021.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:10 am

NIO

NIO Inc (NYSE:NIO) shares are up in premarket trading after reporting a 14.3% year-over-year increase in March deliveries, totaling 11,866 vehicles. This surpasses their Q1 2024 delivery outlook of 30,000 vehicles, slightly above the revised forecast but below the initial range of 31,000 to 33,000. Despite a Q/Q slump in Q4 vehicle deliveries and revenue, a partnership with CATL for longer-life batteries could signal future cost reductions.

Portfolio Pulse from Shivani Kumaresan

April 01, 2024 | 11:10 am