Streetbeat News

Earnings

LIVE

Live Ventures Inc reported Q3 FY23 sales growth of 34.1% Y/Y to $91.5 million, missing the consensus of $98.0 million. The company saw a decrease in revenues in the Retail Entertainment and Flooring Manufacturing segments due to reduced demand, but an increase in the Steel Manufacturing Segment due to the acquisition of Kinetic. EPS of $0.33 missed the consensus of $1.15. The company attributed the decrease in operating income to lower revenues and higher costs. Adjusted EBITDA increased 8.3% to $9.6 million, primarily due to acquisitions.

Portfolio Pulse from Anusuya Lahiri

August 10, 2023 | 1:34 pm

MOGO

Mogo (NASDAQ:MOGO) reported Q2 sales of $16.00 million, beating the analyst consensus estimate of $11.51 million by 39.01 percent. This represents an 18.09 percent increase over sales of $13.55 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 1:27 pm

2383.HK

BABA

FB

GOOG

Tom Group Ltd. (2383.HK) reported a loss of HK$95 million ($12.1 million) in H1 2023, returning to the red after briefly becoming profitable in 2022. The company's return to profitability in 2022 was due to a cash infusion from China Post, which has a joint venture with Tom Group, Ule. Despite the losses, Tom Group is valued at HK$2.9 billion, with a price-to-sales (P/S) ratio of 3.7. The company's shares are controlled by Li Ka-shing and Solina Chau Hoi Shuen. Tom Group earns most of its revenue from a Taiwan publishing unit, Cite Media Holdings, and also invests in tech companies.

Portfolio Pulse from The Bamboo Works

August 10, 2023 | 1:26 pm

NVACF

TSX:NOVC

Nova Cannabis Inc. (OTCQB:NVACF) (TSX:NOVC) reported its first quarter of positive net earnings since inception, with Q2 2023 revenue of $64.0 million, a 13.7% increase YoY and a 6% increase from Q1 2023. The company also reported a gross profit of $14.6 million, net earnings of $1.0 million, and adjusted EBITDA of $5.5 million. Nova's revolving credit facility with SNDL has been fully drawn and extended to August 25, 2023.

Portfolio Pulse from Vuk Zdinjak

August 10, 2023 | 1:25 pm

SIEGY

Siemens AG reported Q3 FY23 revenue growth of 6% Y/Y to €18.9 billion, missing the consensus estimate of €19.27 billion. Orders rose 10% Y/Y to €24.2 billion, beating the consensus. Profit Industrial Business fell 4% Y/Y to €2.75 billion, missing the consensus of €2.90 billion. Siemens reiterated FY23 guidance of comparable revenue growth at 9% to 11% and a book-to-bill ratio above 1. SIEGY shares closed at $80.27 on Wednesday.

Portfolio Pulse from Lekha Gupta

August 10, 2023 | 1:24 pm

RELI

Reliance Global Group (NASDAQ:RELI) reported Q2 losses of $(1.42) per share, missing the analyst consensus estimate of $(0.70) by 102.86%. The company also reported quarterly sales of $3.20 million, missing the analyst consensus estimate of $3.60 million by 11.22%. This represents a 5.33% increase in losses and a 24.03% decrease in sales compared to the same period last year.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 1:23 pm

IPWR

Ideal Power (NASDAQ:IPWR) reported Q2 losses of $(0.37) per share, beating the analyst consensus estimate of $(0.42) by 11.9%. This is a 37.04% decrease over losses from the same period last year. The company's sales this quarter were $135.17K, a 165.15% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 1:21 pm

CYBR

CyberArk Software Ltd reported Q2 FY23 revenue growth of 24% YoY to $175.8 million, beating the consensus of $173.4 million. Non-GAAP EPS of $0.03 also beat the consensus loss of $(0.12). The company raised its FY23 revenue and non-GAAP EPS outlook. Following the report, CYBR shares traded higher by 6.71% in premarket.

Portfolio Pulse from Anusuya Lahiri

August 10, 2023 | 1:21 pm

IMPP

Imperial Ptrl (NASDAQ:IMPP) reported Q2 earnings of $1.46 per share, with sales of $59.04 million, a 420.30% increase from $11.35 million in the same period last year.

Portfolio Pulse from totan@benzinga.com

August 10, 2023 | 1:20 pm

IMPP

Imperial Ptrl (NASDAQ:IMPP) reported Q2 earnings of $1.46 per share, with sales of $59.04 million, a 420.31% increase from $11.35 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 1:18 pm