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SGN

Signing Day Sports has reported a significant increase in the number of paid subscribers on its app, achieving more than a five-fold growth in 2023. Additionally, the company experienced a 20% monthly growth in subscribers in January 2024.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:45 pm

ELMD

Electromed, Inc. has entered into a distribution agreement with Marathon Medical Corp. The financial terms of the deal have not been disclosed to the public.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:44 pm

ASND

Ascendis Pharma has partnered with Frazier Life Sciences to form and launch a new company, Eyconis, Inc. This strategic move aims to leverage Ascendis Pharma's expertise in the development of innovative therapies.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:43 pm

DDD

WeAreAM has integrated the 3D Systems DMP Flex 350 Dual into its manufacturing workflow, enhancing speed and flexibility for its customers, including Gruppo Grazioli. This addition is part of WeAreAM's new Center of Excellence initiative.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:43 pm

RNAZ

TransCode Therapeutics has entered into a collaboration with Debiopharm to co-develop targeted nucleic acid therapeutics for cancer, leveraging TransCode's TTX delivery platform and Debiopharm's expertise in targeted drug delivery. Financial terms of the collaboration were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:40 pm

GM

General Motors Company (NYSE:GM) is anticipated to report Q4 earnings of $1.16 per share, down from $2.12 per share in the prior year, with projected revenue of $38.97 billion, a decrease from $43.11 billion. Cadillac is increasing production of the Lyriq EV due to high demand and better battery availability. GM's current dividend yield is 1.02%, with a quarterly dividend of 9 cents per share. To earn $500 monthly from dividends, an investment of approximately $586,345 is required. GM shares slightly rose by 0.1% to close at $35.18 on Friday.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 1:37 pm

AMIX

Autonomix Medical, a company focused on developing technology for the nervous system, has begun trading on NASDAQ under the ticker 'AMIX'. The company is initially targeting the pancreatic cancer market, which is worth multiple billions of dollars.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:23 pm

KAVL

Kaival Brands' partner Bidi Vapor is challenging the FDA's denial of its Premarket Tobacco Product Application (PMTA) for its 'Classic' tobacco-flavored electronic nicotine delivery systems (ENDS). The FDA's decision is a significant setback for Bidi Vapor, as the 'Classic' flavor is a key product in its lineup. Bidi Vapor believes that the FDA's decision is not in line with the public health objectives and is contesting the denial to potentially reverse the decision.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:18 pm

DTCK

Davis Commodities Limited, celebrating its 25th anniversary in 2024, has successfully listed on Nasdaq under the symbol 'DTCK' and is undergoing strategic consolidation to streamline operations. The company completed an IPO on September 21, 2023, raising approximately $5 million. It is now focusing on growth opportunities in the Asian sugar, oil, and rice markets, which are projected to grow significantly in 2024 according to a Frost & Sullivan Limited report.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:17 pm

SOFI

SoFi Technologies Inc (NASDAQ:SOFI) stock surged after reporting Q4 2023 earnings that exceeded expectations. Adjusted revenue was up 34% Y/Y to $594.25 million, surpassing the consensus of $571.70 million. Adjusted EPS was $0.02, beating the expected $0.00. The company saw a significant increase in members and products, with a 44% Y/Y growth in members and a 41% Y/Y increase in products. Adjusted EBITDA jumped 159% Y/Y to $181 million. SoFi provided a positive outlook for Q1 and full-year 2024, with expected growth in various segments and an adjusted EBITDA margin of approximately 30% by year-end. The company also anticipates a 20%-25% CAGR from 2023 through 2026.

Portfolio Pulse from Anusuya Lahiri

January 29, 2024 | 1:17 pm