Streetbeat News

Partnerships

VOXX

VOXX International Corporation (NASDAQ:VOXX) announced a joint venture between its subsidiary EyeLock LLC and GalvanEyes Partners LLC to form BioCenturion, LLC. This new entity aims to consolidate technology, R&D, sales, marketing, and business development. GalvanEyes will manage the venture, with EyeLock retaining significant rights and responsibilities. The venture is expected to streamline operations and open growth avenues, with VOXX anticipating savings and a focus on profitable biometrics business. Beat Kahli steps down as VOXX's President but remains involved as co-Vice Chairman and CEO of BioCenturion.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:36 pm

QTI

QT Imaging Holdings announced its first commercial sale of the QTI Breast Acoustic CT System to True Health Center for Functional Medicine. This sale is a result of their collaboration with a strategic distribution partner, showcasing the business model QT Imaging intends to deploy.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:34 pm

FL

NKE

Foot Locker, Inc. (NYSE:FL) shares are trading lower in the premarket session, following a nearly 15% slump in the past month. Despite beating Q4 FY23 sales and EPS estimates, comparable store sales decreased by 0.7%. The company maintains its long-term earnings potential but expects a two-year delay in achieving its EBIT margin target, now set for 2028. Foot Locker also announced a collaboration with Nike, Inc. (NYSE:NKE) and Jordan Brand on The Clinic program. FY24 sales and EPS forecasts are below consensus estimates.

Portfolio Pulse from Nabaparna Bhattacharya

March 07, 2024 | 1:31 pm

STIM

Neuronetics has entered into a 5-year exclusive partnership with Transformations Care Network, aiming to expand access to mental health treatments. This collaboration is expected to leverage Neuronetics' technological advancements in mental health treatment solutions.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:24 pm

NAAS

NaaS Technology has formed a strategic partnership with CATARC New Energy Vehicle Test Center to create a global 'charging ecosystem' for electric vehicles (EVs). This partnership aims to enhance the charging station accessibility and overall charging experience for China's EVs through the integration of digital technologies and AI innovations.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:18 pm

MPLN

MultiPlan Corporation (NYSE:MPLN) announced Jerry Hogge as the new Executive Vice President, Chief Operating Officer (COO). Hogge brings over 30 years of experience in operational and commercial leadership within healthcare and telecommunications. His appointment is part of MultiPlan's aggressive growth strategy, focusing on operational efficiency, expanding market share, and integrating acquisitions. CEO Travis Dalton highlighted Hogge's alignment with the company's goals for growth and innovation.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:18 pm

MDAI

Spectral AI, Inc. (NASDAQ:MDAI) has announced the creation of a wholly-owned subsidiary focused on advancing intellectual property within the AI healthcare ecosystem. This move aims to safeguard current and future product offerings and enhance shareholder value by developing or acquiring IP specifically in healthcare. The initiative will be closely collaborated with a leading expert in IP monetization, who is also the company's largest shareholder and board member.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:15 pm

NTRA

Natera, Inc. has announced that a leading Blue Cross Blue Shield (BCBS) plan will now provide commercial coverage for its Prospera Kidney and Prospera Heart tests. This development marks a significant milestone for Natera, potentially increasing the adoption and usage of these tests in clinical settings.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:09 pm

RKLB

VSAT

Viasat Inc. (VSAT) has partnered with Rocket Lab USA, Inc (RKLB) to support NASA's CSP program, demonstrating multi-band space-relay capabilities for LEO satellites. The partnership, valued at $80 million, aims to reduce data latency and increase throughput for LEO space missions. Viasat's solutions include the Real-Time Space Relay and InCommand system, utilizing its Ka- and L-band networks. Rocket Lab will provide a spacecraft bus, mission operation support, and develop a new L-band radio for the InCommand system. The demonstration mission is scheduled for early 2026.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:08 pm

CDMO

LYT

RSI

VSCO

Rush Street Interactive, Inc. (RSI) shares surged 25.2% in pre-market trading after reporting Q4 financial results that exceeded expectations and providing strong 2024 revenue guidance. Other stocks also showed significant movement in pre-market trading, with notable gainers including Lytus Technologies Holdings (LYT), Brera Holdings (BREA), and Beneficient (BENF), among others. On the losing side, Victoria's Secret & Co. (VSCO) and Avid Bioservices, Inc. (CDMO) saw substantial declines.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 1:05 pm