Streetbeat News

Earnings

SQFT

Presidio Property Trust (NASDAQ:SQFT) experienced a significant decline in earnings per share (EPS) in Q3, reporting a loss of $(0.01) per share compared to a profit of $0.01 per share year-over-year (YoY). However, the company saw a slight increase in sales, with $4.48M reported this quarter, up from $4.39M in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:38 pm

AZTR

Azitra Inc. reported financial results for Q3 2023, with cash and cash equivalents of $4.4M. Service revenue from a related party increased to $310,700, while R&D expenses decreased to $548,524. G&A expenses rose to $1.8M, and the net loss narrowed to $1.9M from $2.4M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:36 pm

SHFS

Safe Harbor Financial (NASDAQ:SHFS) reported a significant increase in revenue for Q3 2023, with a 82.11% rise to $4.3 million, driven by higher investment and loan interest income, and increased deposit activity. However, operating expenses also rose, leading to a net loss of $748,067 for the quarter. For the nine-month period, revenue increased to $13.1 million, but net loss was $19.8 million due to higher operating expenses. The company processed over $1 billion in cannabis-related funds each quarter and grew its credit portfolio by 123% year-over-year. Despite a slight decrease in share price, the company maintains a strong cash position and has reduced operating expenses since the end of 2022.

Portfolio Pulse from Joana Scopel

November 14, 2023 | 10:36 pm

GOEV

Canoo Inc. (NASDAQ:GOEV) reported Q3 losses of 18 cents per share, which was below the analyst consensus estimate of a 12-cent loss. Year-over-year, the loss widened from 43 cents per share. Quarterly sales were $519,000, also missing the expected $610,000. The company's cash reserves stood at $8.3 million, with net cash used in operating activities totaling $191.4 million for the nine months ending Sept. 30. Canoo forecasts an adjusted EBITDA loss of $85 million to $105 million for the second half of 2023. Despite the financial results, CEO Tony Aquila expressed optimism about the company's transition to manufacturing and revenue generation, aiming for an annual unit capacity of 20,000. After the earnings release, GOEV shares saw a slight decrease of 0.07% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

November 14, 2023 | 10:36 pm

OPGN

OpGen Inc. (NASDAQ:OPGN) reported a Q3 EPS of $(0.46), missing the $(0.43) estimate, and sales of $699.02K, falling short of the $900.00K estimate. Despite these misses, the reported losses and sales figures represent significant improvements over the same period last year, with a 92.33% decrease in losses and a 55.78% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:35 pm

FRD

Friedman Industries (FRD) anticipates margin improvement in Q3 and Q4, despite expecting a slight decrease in sales volume for Q3 2024 compared to Q2, mainly due to holiday season effects.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:35 pm

DBGI

Digital Brands Group (NASDAQ:DBGI) reported a Q3 loss of $(14.55) per share with sales of $3.26M, a 22.51% increase from $2.66M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:34 pm

IVP

Inspire Veterinary Partners reported a 42% increase in total revenue for Q3, reaching $4.1M compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:33 pm

FRD

Friedman Industries reported a Q2 diluted EPS of $0.48, an increase from $0.34 year-over-year. However, revenue decreased to $130.748M from $149.692M in the same period.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:33 pm

MCOM

Micromobility com (NASDAQ:MCOM) reported a Q3 loss of $(0.06) per share with sales of $1.55M, a significant decrease from $3.67M in the same quarter last year, representing a 57.71% decline in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:31 pm