Streetbeat News

Earnings

VLD

Velo3D's stock price has decreased following the announcement of their Q4 financial results, which did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:25 pm

GME

GameStop Corporation (NYSE:GME) reported Q4 financial results with net sales of $1.794 billion and EPS of 22 cents, both missing Street consensus estimates. Year-over-year, net sales decreased from $2.226 billion, and full fiscal year sales were down to $5.273 billion from $5.927 billion. Despite this, GameStop ended the quarter with $1.2 billion in cash and no long-term debt outside of a COVID-19 related loan. Shares dropped 17% in after-hours trading to $12.89.

Portfolio Pulse from Chris Katje

March 26, 2024 | 8:24 pm

HOUR

Hour Loop reported a FY23 EPS of $(0.07), down from $(0.04) YoY, with revenues rising to $132.12M from $95.93M. Despite increased competition leading to a gross margin decrease to 50.3%, operating expenses improved. The net loss widened to $2.4M from $1.5M YoY. Cash reserves fell to $2.5M, and inventories decreased to $14.3M. For FY24, revenue is projected between $145M-$172M, with net income expected to be $0.5M-$2M.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:24 pm

DRCT

Direct Digital Holdings reported worse-than-expected Q4 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:23 pm

LRFC

Logan Ridge Finance (NASDAQ:LRFC) reported its Q4 earnings at $0.22 per share, missing the analyst consensus estimate of $0.50 by 56%.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:22 pm

NCNO

NCino's shares surged following the announcement of Q4 adjusted EPS results that exceeded expectations. The company also provided optimistic Q1 and FY25 adjusted EPS guidance, surpassing analysts' estimates.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:22 pm

DRCT

Direct Digital Holdings (NASDAQ:DRCT) reported a Q4 EPS of $(0.08), missing the $0.26 estimate, and sales of $41.01M, missing the $65.95M estimate. This represents a significant decrease in earnings and a miss in sales expectations compared to the same period last year.

Portfolio Pulse from Happy Mohamed

March 26, 2024 | 8:21 pm

KYTX

Kyverna Therapeutics reported a FY23 net loss of $60.4 million, or $89.61 per share, worsening from a $28.9 million loss, or $63.43 per share in FY22. Operating cash use increased to $52.4 million from $36.1 million. As of Dec 31, 2023, it had $57.5 million in liquidity. Post FY23, Kyverna raised $366.9 million in an IPO in February 2024.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:20 pm

AACG

ATA Creativity Global (NASDAQ:AACG) reported a significant increase in Q4 earnings per share, rising 300% to $0.04 from $0.01 YoY. Sales also saw a modest increase of 3.63% to $11.80M from $11.39M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:18 pm

NCNO

nCino has provided its financial outlook for FY25, expecting total revenues to range between $538.5M and $544.5M, slightly below the estimated $545.725M. However, the company anticipates its adjusted EPS to be between $0.60 and $0.64, surpassing the estimated $0.56.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:16 pm