Streetbeat News

Partnerships

ESRT

Empire State Realty Trust, Inc. (ESRT) has signed an 11-year office lease with Sol de Janeiro USA for 57,203 square feet at One Grand Central Place. Sol de Janeiro, a subsidiary of L'Occitane, joins the building's tenant roster, benefiting from modern amenities and transportation access. L'Occitane also expanded its lease at ESRT's 111 W. 33rd Street by 9,497 square feet.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:07 pm

NVRO

Nevro Corp. has entered into a cooperation agreement with Engaged Capital, leading to the appointment of Kirt P. Karros to its board. This strategic move aims to enhance shareholder value and guide Nevro's future direction.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:58 pm

JOBY

Joby Aviation, Inc. (NYSE:JOBY) reported Q4 financial results with a loss of 17 cents per share, beating estimates by 10.53%, but missed sales estimates by 1.71% with $1.03 million. The company highlighted 2023 achievements including an exclusive air taxi operation agreement in Dubai and a piloted flight in NYC. Joby's 2024 focus will be on aircraft certification, manufacturing, and commercialization preparation for 2025, expecting to use $440-$470 million in cash and investments.

Portfolio Pulse from Erica Kollmann

February 21, 2024 | 9:52 pm

DDD

3D Systems (NYSE:DDD) has introduced a groundbreaking multi-material, one-piece jetted denture solution, marking a significant advancement in digital dentistry. This solution, which combines aesthetics with durability, is expected to expand the company's addressable dental market significantly, with denture demand projected to exceed $2 billion by 2028. Glidewell, the largest dental lab globally, plans to implement this new denture solution in 2024. The solution has been developed to meet critical patient needs for break-resistance and aesthetics, and is pending 510(k) clearance from the FDA for the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:51 pm

TSAT

Avanti Communications has signed a Memorandum of Understanding with Telesat (TSX:TSAT) to develop LEO services as part of Avanti's multi-orbit strategy. This collaboration aims to incorporate Telesat's Lightspeed services into Avanti's network, enhancing broadband connectivity worldwide. The partnership focuses on delivering tailored solutions to enterprise and government customers, with Telesat's Lightspeed constellation expected to be operational in 2027. The agreement also includes potential integration of Avanti's terrestrial infrastructure into the Telesat Lightspeed network.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:50 pm

ACVA

ACV Auctions (NASDAQ:ACVA) has settled its antitrust litigation related to the AutoIMS technology platform, allowing the company to provide services to 1,300 commercial consignors using AutoIMS. This settlement enables ACV to expand its digital automotive marketplace and data services by connecting with hundreds of physical auctions. The agreement also includes ACV's participation in NAAA's membership programs and a donation to NAAA's scholarship program. The terms of the settlement are confidential, and it includes no admission of liability.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:50 pm

NVOS

Novo Integrated Sciences, Inc. (NVOS) and its subsidiary, Clinical Consultants International (CCI), have signed a Consulting Services Agreement with Futura Surgicare Pvt Ltd, an India-based surgical product manufacturer. The agreement aims to obtain U.S. FDA 510K approvals for Futura's products and introduce Dolphin Sutures and mesh products to the North American healthcare market. This partnership is expected to bring cost savings and improved care to American patients and healthcare providers.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:48 pm

LOW

RUN

Sunrun Inc reported Q4 earnings with revenue of $516.59 million and a loss of $1.33 per share, missing estimates. The company announced a partnership with Lowe's to offer solar and storage services in 430 stores and proposed a $475 million convertible senior notes offering. Sunrun's Q4 saw customer and storage capacity growth, with $10.9 million in cash generated. Despite initial gains, shares fell after the offering announcement.

Portfolio Pulse from Adam Eckert

February 21, 2024 | 9:41 pm

BAX

Spectral Medical Inc. has extended its exclusive supply and distribution agreement with Baxter Healthcare Corporation, a subsidiary of Baxter International Inc. (BAX), for the distribution of PMX products in the U.S. and Canada. The extension is for ten years following U.S. FDA marketing authorization for PMX, a device for treating septic shock. Baxter has exercised its option to maintain exclusive distribution rights after Spectral reached a milestone of enrolling 90 patients in its Tigris Trial for PMX.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:02 pm