Streetbeat News

Earnings

AEYE

AudioEye reported Q2 financial results and issued Q3 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 3:58 pm

BIOL

Biolase reported worse-than-expected Q2 revenue results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 3:56 pm

XOS

Xos, an electric vehicle manufacturer, reported worse-than-expected Q2 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 3:55 pm

PETV

PetVivo Holdings reported a year-over-year decrease in Q1 EPS results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 3:55 pm

SFE

Safeguard Scientifics is considering delisting from the Nasdaq and plans to return excess cash to shareholders in Q4. The company also reported a year-over-year decrease in Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 3:51 pm

OUST

Ouster, Inc. (NYSE:OUST) reported better-than-expected Q2 financial results and issued Q3 revenue guidance, leading to a rise in its stock price. The company reported a 10% decrease in losses and an 87.78% increase in sales year-over-year. Ouster also issued a Q3 revenue guidance of between $20 million and $22 million. Rosenblatt analyst Kevin Cassidy reiterated a Buy rating and maintained a price target of $17.50 on OUST.

Portfolio Pulse from Erica Kollmann

August 11, 2023 | 3:49 pm

CGC

Canopy Growth Corp (NASDAQ: CGC) reported quarterly sales of CA$109 million ($81.2 million), beating the analyst consensus estimate of CA$67.98 million. The company's CEO, David Klein, discussed the company's move towards profitability, highlighting a reduction in costs by $47 million during the latest quarter. Canopy reported a net loss of nearly $42 million in the first quarter, an improvement from a net loss a year earlier of around $2.1 billion. The company attributes the increase in revenue to its BioSteel supplement business, growth in the Canadian medical cannabis market, and its subsidiary Stroz & Bickel brand. Klein also mentioned the company's focus on an 'asset-light model' and restructuring, which has resulted in a $1 billion debt reduction.

Portfolio Pulse from Maureen Meehan

August 11, 2023 | 3:43 pm

ERAS

Erasca's Q2 earnings per share (EPS) results have increased year-over-year, leading to a rise in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 3:39 pm

AMPX

Amprius Technologies reported its Q2 financial results, which led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 3:27 pm

SIEN

Sientra reported lower than expected Q2 revenue results and issued FY23 net sales guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 3:23 pm