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ARM

TENX

UAVS

Tenax Therapeutics announced a $9 million public offering, leading to a 65.6% drop in shares. AgEagle shares surged 50% after securing a contract for drones with the U.S. Department of Energy Laboratory. Arm reported strong Q3 results and optimistic Q4 and FY24 guidance, causing a 40% increase in shares.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:51 pm

OMH

Ohmyhome Ltd. (NASDAQ:OMH) announced significant growth following its acquisition of Simply Sakal Pte. Ltd., now Ohmyhome Property Management. The acquisition has expanded Ohmyhome's services, adding a non-cyclical recurring revenue stream with 6,746 units under management and an ARR of over $2.7M. The integration into the Simple App allows entry into the private condominium market, potentially increasing revenue per transaction. New IoT solutions for vehicle management in condominiums have been introduced, enhancing property management efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:50 pm

NVDA

Nvidia Corp. (NASDAQ:NVDA) shares, after closing above $700 for the first time, saw a slight decline in Thursday's premarket session. The company, a leader in AI technology, has experienced a significant rally, closing 2023 as the best-performing S&P 500 stock with a 239% jump. Year-to-date, NVDA's stock has surged nearly 42%, driven by its dominant position in AI accelerator chipsets. Analysts have raised expectations ahead of its Q4 results due on Feb. 21. Despite a minor premarket dip, the outlook remains positive due to the ongoing AI revolution.

Portfolio Pulse from Shanthi Rexaline

February 08, 2024 | 1:49 pm

SNAL

Snail, the company behind ARK: Survival Ascended, has released an update for the game's development kit. This update is expected to enhance the game's modding capabilities, potentially leading to increased player engagement and content creation.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:46 pm

ARRV

BRSH

Arrive Partners has signed an agreement with AllMart Marketplace to deploy smart mailboxes in Antigua, with autonomous delivery testing to follow in the second half of 2024. Additionally, Arrive and Brüush have entered into a merger agreement, planning a reverse triangular merger in an all-stock transaction. The merged entity, to be named Arrive Technology Inc., will focus on Arrive's smart Mailbox-as-a-Service platform, aiming for a Nasdaq listing under the ticker 'ARRV'. The merger is expected to close in Q2 2024, pending customary conditions.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:45 pm

KOPN

Kopin Corporation (NASDAQ:KOPN) has been awarded a Small Business Innovation Research (SBIR) contract by the Naval Air Warfare Center to develop advanced microdisplays for lensless computational imaging. The project aims to create a high-resolution, high-framerate microdisplay to support AI and autonomous capabilities. This marks the first award from the Navy to Kopin for research in advancing vision technology.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:37 pm

NAAS

NaaS Technology Inc. (NASDAQ:NAAS), the first U.S. listed EV charging service company in China, announced a positive net take rate for January 2024 and updated its 2023 revenue guidance to $44M-$46M, indicating a year-over-year growth of 234% to 256%. The company reported a 49% year-over-year growth in charging volume for January 2024 and a 55% increase in the fourth quarter of 2023 compared to the same period in 2022.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:36 pm

PPSI

Pioneer Power Solutions, Inc. (PPSI) has launched its new E-Bloc Charge Port series, receiving initial orders valued at over $2 million. The E-Bloc series, designed for EV charging stations, is expected to expand Pioneer's market opportunity by more than $1.5 billion. The company anticipates delivering these orders in Q2 2024. The E-Bloc Charge Port series is approved by Southern California Edison for California's 'Charge Ready' program and is highlighted for its flexibility, scalability, and rugged design. Pioneer's CEO, Nathan Mazurek, sees this as a significant growth opportunity, especially with California's mandate to install 100,000 charge ports in the next 3-5 years.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:34 pm

HLF

Herbalife has introduced a new product line, 'Herbalife GLP-1 Nutrition Companion', designed to complement the nutritional needs of individuals taking GLP-1 and other weight loss medications. This range includes both food and supplement products.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:31 pm

BLNK

Blink Charging announced plans to install 20 of its IQ 200 electric vehicle chargers across four parking garages in Frederick, MD, aiming to expand its charging infrastructure.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:24 pm