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Revenues

MNMD

MindMed has announced the pricing of a public offering of 9.29 million common shares at $7.00 per share and 1.43 million pre-funded warrants at $6.999 per warrant, expecting to raise approximately $75 million. The funds will be used for research and development as well as general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 12:45 pm

FRSX

Foresight Autonomous (NASDAQ:FRSX) reported a quarterly loss of $(0.01) per share, a 50% improvement from $(0.02) per share in the same period last year. The company also reported $123,000 in sales for the quarter.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 12:41 pm

AMZN

GOOGL

IVV

META

MSFT

NVDA

SMCI

TSM

VTI

Nvidia Corp (NASDAQ:NVDA) has seen a significant market value decline since June 2024, despite ongoing AI spending. However, major tech companies like Microsoft, Amazon, Alphabet, and Meta continue to invest in AI infrastructure, which is crucial for Nvidia's revenue. Nvidia's stock is trading up on Friday. Key suppliers and partners like Super Micro Computer Inc (NASDAQ:SMCI) and Taiwan Semiconductor Manufacturing Co (NYSE:TSM) are also showing strong performance. Analysts have mixed views on the sustainability of AI spending. Nvidia's valuation has become more attractive to long-term investors.

Portfolio Pulse from Anusuya Lahiri

August 09, 2024 | 12:33 pm

OMEX

Odyssey Marine Exploration (NASDAQ:OMEX) reported a significant improvement in its Q2 earnings per share (EPS), with losses narrowing to $(0.07) from $(0.25) year-over-year. Sales also increased by 24.91% to $215.56K from $172.57K in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 12:32 pm

PLUG

Plug Power Inc. (NASDAQ:PLUG) reported second-quarter revenue of $143 million, missing both JPMorgan's forecast of $174 million and the consensus of $186 million. The miss was largely due to the timing of electrolyzer revenue recognition, with $50 million in sales deferred. The company introduced a full-year revenue guidance of $825-925 million, which aligns with JPMorgan's estimates but falls short of the $928 million consensus. Gross margins were reported at -92%, worse than expected. Despite potential in hydrogen fuel cells, Plug Power faces cash flow issues and remains a Neutral-rated stock by JPMorgan.

Portfolio Pulse from Surbhi Jain

August 09, 2024 | 12:31 pm

ABVE

Above Food has acquired The Redwood Group's Specialty Crop Food Ingredient Division for $34 million. This acquisition adds a profitable operator with $164 million in revenue for FY 2023, expanding Above Food's U.S. footprint and enhancing its 'Seed-to-Fork' value chain.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 12:31 pm

SPR

Boeing's new CEO, Kelly Ortberg, has relocated to Seattle to address the company's ongoing safety crisis. Ortberg's move follows criticism of Boeing's detachment from its manufacturing roots, highlighted by a recent safety incident involving a 737 MAX jet. Ortberg aims to ramp up production, negotiate labor deals, and resolve supply-chain issues. Boeing's recent financial struggles and safety concerns have led to significant scrutiny and executive changes.

Portfolio Pulse from Benzinga Neuro

August 09, 2024 | 12:27 pm

AMCX

AMC Networks Inc (NASDAQ:AMCX) reported a 7.8% decline in Q2 2024 revenue to $625.9 million, beating analyst estimates. Adjusted EPS fell 38.6% to $1.24, missing expectations. Despite declines in affiliate, advertising, and content licensing revenues, streaming subscribers grew by 5% to 11.6 million, with streaming revenues up 9%. The company took a $97 million impairment hit but reaffirmed strong free cash flow outlook.

Portfolio Pulse from Anusuya Lahiri

August 09, 2024 | 12:24 pm

DOCN

DigitalOcean Holdings shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 and FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 12:23 pm

PAL

Proficient Auto Logistics (NASDAQ:PAL) reported Q2 2024 adjusted EPS of $0.28, beating the $0.16 estimate by 75%. Sales were $106.607M, surpassing the $101.800M estimate by 4.72% and showing a 5.79% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 12:21 pm