Streetbeat News

Earnings

RWLK

ReWalk Robotics reported Q2 losses of $(0.08) per share, missing the analyst consensus estimate of $(0.07) by 14.29%. The company also reported quarterly sales of $1.34 million, missing the estimate of $1.34 million by 0.22%. This represents a decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 12:02 pm

TUSK

Mammoth Energy Services (NASDAQ:TUSK) reported Q2 losses of $(0.09) per share, missing the analyst consensus estimate of $0.10 by 190 percent. This is a 325 percent decrease over earnings of $0.04 per share from the same period last year. The company also reported quarterly sales of $75.43 million, missing the analyst consensus estimate of $86.07 million by 12.36 percent, a 15.89 percent decrease over sales of $89.68 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 12:01 pm

AIRS

AirSculpt Technologies, Inc. (NASDAQ:AIRS) reported a 12.2% YoY increase in Q2 revenues to $55.703 million, in line with consensus. However, Q2 adjusted EPS of $0.13 missed the street view of $0.15. The company saw a 13.4% YoY jump in case volume and a significant increase in net income and operating income. The company expects to perform at the higher end of its revenue and Adjusted EBITDA ranges for FY23 and plans to open five new centers.

Portfolio Pulse from Nabaparna Bhattacharya

August 11, 2023 | 11:53 am

TSNDF

TerrAscend Corp. reported Q2 2023 financial results, with net revenue of $72.1 million, up 3.9% sequentially and 12.7% YoY. Gross profit was $36.2 million, up 6.8% sequentially and 50.8% YoY. The company reported a net loss from continuing operations of $12.9 million, compared to a loss of $19.2 million in Q1 2023. Adjusted EBITDA from continuing operations was $12.8 million, compared to $12.2 million in Q1 2023. The company also acquired four dispensaries in Maryland and listed on the TSX.

Portfolio Pulse from Vuk Zdinjak

August 11, 2023 | 11:50 am

DBTX

Decibel Therapeutics (NASDAQ:DBTX) has reported a net loss of $18.15M for Q2 2023, which is higher than the loss of $17.05M reported a year ago.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 11:48 am

TSAT

Telesat Corp reported its Q2 results and announced a $2.1 billion deal with MDA as the prime satellite manufacturer for the advanced Telesat Lightspeed Low Earth Orbit constellation. This news led to an increase in Telesat's share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 11:45 am

SHCO

Soho House has updated its FY23 revenue guidance to $1.12B-$1.19B, compared to its previous guidance of $1.1B-$1.2B and consensus of $1.17B. The company also expects its adjusted EBITDA to be $126M-$134M, up from the prior guidance of $122M-$132M.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 11:42 am

WWW

Wolverine World Wide, Inc. (NYSE:WWW) reported Q2 earnings in line with expectations but lowered its FY23 guidance. The company's Q2 revenues were $589.10 million, beating the analyst consensus of $579.97 million, but declined 17.4% YoY. The company slashed its FY23 revenue outlook from $2.53 billion-$2.58 billion to $2.26 billion-$2.28 billion. The FY23 adjusted EPS outlook was also lowered from $1.40-$1.60 to $0.45-$0.55. Following the earnings announcement, several analysts cut their price targets on the company's stock.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 11:39 am

VISL

Vislink Technologies reported Q2 losses of $(1.27) per share, missing the analyst consensus estimate of $(0.80) by 58.75%. The company also reported quarterly sales of $5.04 million, missing the analyst consensus estimate of $7.50 million by 32.76%. This represents a 25.36% decrease over sales of $6.76 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 11:33 am

BDTX

Black Diamond Therapeutic (NASDAQ:BDTX) reported Q2 losses of $(0.52) per share, beating the analyst consensus estimate of $(0.54) by 3.7%. This is a 17.46% increase over losses from the same period last year. The company also reported cash and equivalents of $89.5M.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 11:32 am