Streetbeat News

Earnings

KLIC

Kulicke and Soffa Industries announced the cancellation of Project W by a strategic customer, leading to a plan to cease operations and wind down activities related to the project. The company anticipates pre-tax charges, including impairments, of $110M-$130M, with specific non-cash impairment charges for inventory write-downs and long-lived assets.

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March 11, 2024 | 9:30 pm

NNBR

NN, Inc. forecasts its 2024 revenue to be in the range of $485M-$510M, aligning closely with the estimated $493.319M. The company also projects its adjusted EBITDA to be between $47M and $55M.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:25 pm

TLSI

TriSalus Life Sciences announced preliminary Q4 sales of around $5.7M, marking a 77% increase compared to 2022, with an estimated $5.453M. For 2023, the company forecasts revenues of about $18.5M, a 49% growth from 2022, and anticipates a gross margin of 90% for Q4 and 86% for the full year.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:21 pm

HSAI

Hesai Group forecasts Q1 net revenues between $45.1M-$49.3M, marking an 18.6%-25.6% year-over-year decrease, mainly due to a slowdown in the robotaxi business. The company anticipates a return to revenue growth in Q2 and throughout 2024.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:19 pm

YALA

Yalla Group anticipates its Q1 revenues to range between $72M and $79M, falling short of the estimated $79.50M.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:16 pm

SND

Smart Sand (NASDAQ:SND) reported Q4 earnings with an EPS of $-0.12, missing estimates by -100.0% and a revenue decrease of $11.88 million from the previous year. Despite beating EPS estimates in Q3 2023, this quarter's results show a significant downturn.

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March 11, 2024 | 9:10 pm

HSAI

Hesai Gr (NASDAQ:HSAI) reported its Q4 earnings, missing estimated earnings by 0.0% with an EPS of $-0.11. Revenue increased by $19.71 million from the previous year. Last quarter, HSAI beat EPS estimates, resulting in a 10.0% share price increase the following day.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 9:10 pm

NNBR

NN, Inc. (NASDAQ:NNBR) reported Q4 earnings with a -25.0% miss on estimated earnings, posting an EPS of $-0.1 against an estimate of $-0.08. Revenue decreased by $5.48 million from the same period last year. In the previous quarter, NN beat EPS estimates by $0.07, which led to a 0.0% change in share price the following day.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 9:10 pm

NNBR

NN, Inc. (NASDAQ:NNBR) reported Q4 2023 adjusted EPS of $(0.10), missing the $(0.08) estimate, and sales of $112.533M, missing the $113.150M estimate. This represents a 4.64% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:08 pm

SND

Smart Sand (NASDAQ:SND) reported Q4 2023 earnings with a GAAP EPS of $(0.12), missing the $(0.07) estimate, but sales of $61.947M exceeded the $57.700M estimate. This represents a 16.09% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:05 pm