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Revenues

HYLN

Hyliion Holdings Corp. (NYSE:HYLN) has been awarded a Small Business Innovation Research (SBIR) government contract by the U.S. Navy to create a megawatt-scale concept of its KARNO generator technology. This Phase 1 contract will allow Hyliion to design a modular generator system that meets the Navy's specifications for Unmanned Surface Vessels (USVs).

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:58 pm

ERJ

Embraer executives discussed supply chain challenges and the introduction of AI tools to improve efficiency. Despite these constraints, the company remains committed to its 2024 guidance. The defense backlog is expected to increase by over 50% in Q3 due to new contracts. Volatile FX rates are providing a tailwind in the second half of the year. The company is nearing the high end of its guidance and sees opportunities for increased E2 presence in Brazil. Positive news on commercial jet orders is anticipated soon.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:57 pm

UA

UAA

Under Armour (NYSE:UAA, NYSE:UA) reported better-than-expected Q1 2025 results despite a 10.1% YoY sales decline. The company beat analyst estimates with $1.183 billion in revenue and an adjusted EPS of $0.01. Despite a decrease in wholesale and direct-to-consumer revenue, the company showed progress in its restructuring plan. UAA shares are trading lower by 11.3% in premarket.

Portfolio Pulse from Akanksha Bakshi

August 08, 2024 | 12:57 pm

TPET

Trio Petroleum Corp (NYSE American: TPET) provided an update on its Asphalt Ridge Project in Uintah County, Utah. The company reported encouraging initial results from production testing with a downhole-heater at the 2-4 well and plans to use a more powerful heater. First oil production is expected in August-September 2024, with the drilling of a third well planned for the same period. The option period to acquire the remaining 17.75% working interest has been extended to October 10.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:55 pm

NVAX

Novavax announced that its updated COVID-19 vaccine will arrive in US warehouses this month, with distribution starting after FDA authorization. The company expects a more successful US vaccination season compared to last year, and data indicates the vaccine targeting JN.1 should cover current variants.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:52 pm

CRON

Cronos Group Inc. (NASDAQ:CRON) reported a 46% year-over-year increase in Q2 2024 net revenue, reaching $27.8 million, the highest on record. The company saw significant growth in Canada, Israel, Germany, and initiated sales in the UK. Despite an operating loss of $15.6 million, this was an improvement from the previous year's $20.6 million. Shares traded 3.6% higher in pre-market.

Portfolio Pulse from Jelena Martinovic

August 08, 2024 | 12:51 pm

TNC

Tennant Company has raised its FY24 net sales outlook to a range of $1.280 billion to $1.305 billion, up from the previous range of $1.270 billion to $1.295 billion. This new guidance is above the consensus estimate of $1.277 billion.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:50 pm

XMTR

Xometry has announced its Q3 revenue forecast to be between $136 million and $138 million, which is slightly below the estimated $138.78 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:50 pm

SPCE

Virgin Galactic (NYSE:SPCE) plans to finalize the design of its Delta Class spaceships by Q3 2023, aiming for commercial service in 2026. The company expects significant revenue growth, projecting $1 billion annually with increased flight capacity. Despite high future expectations, Virgin Galactic posted a net loss of $94 million for Q2 2023 but beat revenue estimates.

Portfolio Pulse from Anan Ashraf

August 08, 2024 | 12:47 pm

TNC

Tennant (NYSE:TNC) reported Q2 adjusted EPS of $1.83, beating the $1.71 estimate. Sales were $331.00M, surpassing the $327.15M estimate. EPS decreased by 1.61% YoY, while sales increased by 2.89% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:46 pm