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SBIG

SpringBig Holdings, Inc. (OTCQX:SBIG) reported its Q3 2023 financial results, showing a 13% YoY increase in subscription revenue but a 5% decline in overall revenue. The company reduced its Adjusted EBITDA loss to $0.9 million from $3.4 million the previous year and cut its net loss to $2.7 million from $3.1 million. Gross profit margin remained strong at 77%. Operational highlights include adding 89 new clients and launching a new subscription-based VIP loyalty program. CFO Paul Sykes aims for positive Adjusted EBITDA in Q4 and notes a 40% reduction in operating expenses. SBIG's stock fell 8.47% to $0.175 per share.

Portfolio Pulse from Joana Scopel

November 13, 2023 | 11:24 pm

HSAI

Hesai Technology has secured a design win to supply its AT128 ultra-high resolution long-range lidar to Great Wall Motors for multiple passenger vehicle models. Mass production and delivery are set to begin in 2024.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:41 pm

AZTA

Azenta, Inc. (NASDAQ:AZTA) has announced a Memorandum of Understanding with the Ministry of Public Health of the DRC for a €100 million National Vaccination Service project. B Medical Systems, a part of Azenta, will provide cold chain solutions for vaccine storage and transport, including customized Toyota vehicles and other equipment. Over 50% of the project's value will be recognized as revenue for Azenta, with deliveries expected in fiscal 2024.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:32 pm

NDAQ

Bill Dague, VP and head of data products at NASDAQ Inc. (NDAQ), discussed NASDAQ's data services transformation to meet the needs of retail investors in the AI era. NASDAQ responded to increased demand for macroeconomic data during the pandemic by acquiring Quandl in 2018, which enabled rapid productization. NASDAQ also launched a product to understand retail investor behavior and integrated Generative AI to enhance data analysis and mapping.

Portfolio Pulse from Piero Cingari

November 13, 2023 | 10:30 pm

FNA

Paragon 28, Inc. (NYSE:FNA) has announced the expansion of its mobile lab training program with the addition of a second mobile medical education lab. This expansion will enhance the company's ability to provide on-site training and education to foot and ankle surgeons. The new 40-foot lab can accommodate up to 25 surgeons and is equipped with a 5 station cadaveric training facility. Over 70 training sessions are planned across approximately 65 US cities in Q4 2023. Since its launch in July 2022, the program has trained over 350 surgeons and has been integral in showcasing Paragon 28's product portfolio in forefoot, HAV, and hindfoot market segments.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:29 pm

BITW

BLOK

GBTC

Crypto fund inflows have surpassed $1 billion in 2023, with Bitcoin, Ethereum, and Solana leading the charge. CoinShares reports a seven-week inflow streak, adding $293 million recently. Bitcoin investment products saw $240 million inflows, Ethereum had its highest inflows since August 2022 at $49.1 million, and Solana received $12.4 million. The upcoming Benzinga’s Future Of Digital Assets Event will discuss the potential impact of a Bitcoin ETF approval. Total assets under management are at their highest since May 2022, with a 9.6% increase over the past week and a 99% rise since the start of the year. Bitcoin ETPs and blockchain equity ETFs also saw significant inflows. Regionally, Canada leads in inflows, followed by the U.S., Germany, and Switzerland. Bitcoin's price was up 5%, Ethereum saw a 10% increase, and Solana led with a 33% gain over the past week.

Portfolio Pulse from Khyathi Dalal

November 13, 2023 | 10:29 pm

WELL

Welltower has released a business update, providing insights into its current operations and financial health. The update includes information on occupancy rates, revenue trends, and strategic initiatives. Investors are likely to scrutinize this update for signs of growth potential or concerns that may affect Welltower's stock performance.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:25 pm

HEPA

Hepion Pharmaceuticals has released new efficacy data for Rencofilstat, indicating significant improvements in fibrosis reduction. The results are among the best reported for fibrosis-reducing compounds, potentially positioning Rencofilstat as a leading treatment option in this therapeutic area.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:19 pm

FSR

Fisker is concentrating on increasing its delivery numbers and is actively hiring 20 to 30 people weekly, as stated in their recent conference call.

Portfolio Pulse from Charles Gross

November 13, 2023 | 10:12 pm

ATSG

BA

Air Transport Services Group, Inc. (ATSG) has delivered a Boeing 767-300 freighter to My Freighter Cargo Airlines under a multi-year lease. This marks the start of a business partnership aimed at enhancing My Freighter's service capabilities in Uzbekistan and Central Asia. ATSG's LeasePlus+ service model is expanding, with plans to offer Airbus A321 and A330 freighters in addition to Boeing 767s, targeting e-commerce and express customers in growing regions.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:06 pm