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SHFS

SHF Holdings, Inc. (NASDAQ:SHFS), operating as Safe Harbor Financial, reported a significant turnaround in Q2 2024 with net income of $0.9 million, up from a net loss of $17.6 million in Q2 2023. Despite a revenue drop to $4 million from $4.6 million, the company achieved a 14.5% increase in adjusted EBITDA to $0.97 million. The improvements were driven by a sharp reduction in operating expenses and strategic shifts towards higher-margin products. SHFS shares rose 2.44% to $0.6249 following the announcement.

Portfolio Pulse from Patricio Liddle

August 15, 2024 | 12:49 pm

CDZI

Cadiz has secured water purchase agreements for 85% of the capacity of its Northern Pipeline, totaling 21,275 acre-feet per year. These agreements are under 'take-or-pay' contracts for 40-50 years, ensuring a steady revenue stream.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:46 pm

AMAT

IYJ

JEPQ

NU

Applied Materials, Nu Holdings, and other assets were highlighted on CNBC's 'Final Trades'. Applied Materials is set to release its Q3 earnings, with expectations of $2.02 EPS and $6.67 billion in revenue. Nu Holdings reported strong Q2 results with a 65% YoY revenue increase. ETFs JEPQ and IYJ were also mentioned.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 12:46 pm

CSCO

Cisco Systems, Inc. (NASDAQ:CSCO) shares are trading higher in the premarket session after the company reported better-than-expected fourth-quarter revenue and earnings. Despite a 10% decline in total revenue, Cisco saw a 14% year-over-year growth in product orders and improved gross margins. The company also announced plans to cut around 7% of its global workforce, incurring up to $1 billion in pre-tax charges. Cisco aims to reallocate resources towards cybersecurity, cloud systems, and AI-related products.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2024 | 12:45 pm

PAPL

Pineapple Financial has launched a Real-Time Insights Module in its PineappleONE platform, aimed at enhancing broker efficiency. This move is expected to drive increased deal closures, client retention, and market share expansion, positioning the company for revenue growth amid a surge in Canadian mortgage renewals.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:43 pm

NVVE

Nuvve Holding and WISE EV have partnered to expand public high-speed EV charging stations to over 100 high-traffic locations nationwide. The first wave of installations will be unveiled in Las Vegas.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:40 pm

ELAN

Parasites & Vectors published a study showing Elanco's Credelio flea and tick protection product achieves the fastest tick kill in 12 hours and maintains effectiveness throughout the dosing interval. The study highlights the importance of tick protection as the CDC reports over 45,000 human tickborne disease cases between 2019-2022.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:38 pm

BKYI

BIO-Key shares are trading higher following a year-over-year increase in Q2 EPS results and the launch of its PortalGuard IDaaS platform in the AWS marketplace.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:37 pm

CING

Cingulate shares are trading higher after the company was granted European patent No. 3261625 for CTx-1301, its lead asset for the treatment of ADHD.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:32 pm

DJT

Trump Media & Technology Group (NASDAQ:DJT) saw its shares dip and approach record lows following disappointing quarterly results and former President Donald Trump’s return to the social media platform X. The company's stock has been volatile, facing challenges as Trump's lead in polls shrinks and significant spending on a new streaming service raises concerns about its future.

Portfolio Pulse from Anusuya Lahiri

August 15, 2024 | 12:31 pm