Streetbeat News

Partnerships

ESEA

Euroseas Ltd. (NASDAQ:ESEA) has entered into a time charter contract for its new 1,800 teu feeder containership, M/V Monica, for 10-12 months at $16,000/day, expected to start in mid-May 2024. The deal is financed partly by a $22.5 million loan from the National Bank of Fujairah. This charter is anticipated to contribute approximately $2.7 million of EBITDA for the minimum period and increases Euroseas' 2024 charter coverage to over 85%. The financing, advised by Alantra DIFC, also covers the sister ship M/V Stefania K, showcasing a commitment to sustainable maritime practices.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:51 pm

DOX

Amdocs (NASDAQ:DOX) has signed a multi-year contract with Colt Technology Services to migrate and transform Colt's network inventory ecosystem. This agreement aims to streamline Colt's inventory processes, enhance operational efficiency, and accelerate the introduction of new services and offerings. The collaboration will focus on consolidating inventory systems following Colt's acquisition of Lumen's EMEA business and developing the Amdocs Inventory platform to operate on Colt's public cloud.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:34 pm

DOX

Amdocs (NASDAQ:DOX) has been selected by Japan's JCOM for a multi-year project aimed at business and operations transformation. The project, in partnership with SCSK, focuses on improving operational efficiencies, customer experiences, and unlocking new revenue opportunities in the broadband market. Amdocs will provide digital solutions to help JCOM align with evolving business needs and accelerate sales growth.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:33 pm

DOX

PARA

Paramount Global has chosen Amdocs' Vubiquity to manage all operational activities for MTV Japan, including licensing, programming, localization, and broadcast operations. This partnership aims to enhance the channel's efficiency and growth by leveraging Vubiquity's expertise in content delivery and operations. The transition is expected to be completed by the end of June 2024, with Paramount's regional team supporting to align with MTV's global brand requirements.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:32 pm

DOX

Amdocs (NASDAQ:DOX) has announced a collaboration with Virgin Media O2 to enhance the range of streaming services available to Virgin Media O2 customers in the UK. This partnership aims to expand offerings to include new streaming, gaming, health, lifestyle, and security services. The collaboration leverages Amdocs Subscription Marketplace to meet the dynamic demands of consumers, aiming to increase customer lifetime value and ensure innovation and customer satisfaction.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:32 pm

PIII

P3 Health Partners Inc. announced Dr. Aric Coffman as the new CEO effective May 8, 2024, succeeding co-founder Dr. Sherif Abdou. Dr. Abdou will transition to a Strategic Advisor and Board member role. Dr. Coffman, with a strong background in value-based care and leadership roles in healthcare organizations, is expected to continue P3's growth in the Medicare Advantage and ACO market. The leadership transition is part of P3's long-term strategy to enhance its position as a leading value-based care platform.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:12 pm

RUN

Sunrun (NASDAQ:RUN), a leading clean energy provider, has networked over 16,200 home solar-plus-storage systems in California to support the state's electrical grid, particularly during peak demand times in summer. This initiative, known as CalReady, aims to reduce grid strain and prevent power emergencies by supplying critical energy. Sunrun's efforts have doubled the capacity and participant number from the previous year, making CalReady the largest virtual power plant in the country. The program, part of California's Strategic Reliability Reserve, compensates Sunrun customers for sharing their stored solar energy, enhancing grid resilience and reducing the risk of blackouts.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:03 pm

DVAX

Dynavax has reaffirmed its full-year 2024 financial guidance, expecting an increase in cash and equivalents year-over-year by December 31, 2024. The company anticipates HEPLISAV-B net product revenue to be between $265 million and $280 million, which includes about $3 million from ex-U.S. sales through a commercialization partnership in Germany. Additionally, the HEPLISAV-B gross margin is projected to be around 80%.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:56 pm

AMC

AMC Entertainment Holdings (NYSE:AMC) reported Q1 financial results with revenue of $951.4 million, slightly down by 0.3% YoY but surpassing the consensus estimate of $871.0 million. The company also reported a smaller-than-expected loss of 78 cents per share. Despite a 6% decline in the North American box office, AMC gained domestic market share and ended the quarter with $624 million in unrestricted cash, having raised an additional $124.1 million from the sale of common shares. CEO Adam Aron highlighted the impact of Hollywood strikes on the box office but remains optimistic about future film lineups and partnerships with musical artists, including a unique event with Billie Eilish.

Portfolio Pulse from Chris Katje

May 08, 2024 | 8:42 pm

AMC

AMC has announced its ongoing interactions with several musical artists, aiming to capitalize on the success of its Taylor Swift and Beyonce films in 2023. This strategy suggests a continued focus on leveraging popular music content to attract audiences.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:29 pm