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LRHC

La Rosa Holdings Corp (NASDAQ: LRHC) announced plans to white-label its AI system, JAEME, which has seen a 92.6% increase in utilization since its launch in October 2023. The company aims to reach a $100M revenue run rate and will unveil further enhancements at its Tech Summit in October 2024.

Portfolio Pulse from Anusuya Lahiri

June 25, 2024 | 12:01 pm

LRHC

La Rosa Holdings reported a 92.6% increase in utilization for its JAEME platform within five months of its launch. This significant growth indicates strong market acceptance and potential for future revenue growth.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:00 pm

LRHC

La Rosa Holdings has announced a partnership with Benzinga to white label its proprietary AI system, JAEME, to support real estate agents. This move is expected to create a new revenue stream for La Rosa Holdings.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:00 pm

WVE

Wave Life Sciences announced positive results from its Phase 1B/2A SELECT-HD trial of WVE-003 for Huntington's Disease, showing a 46% reduction in mutant huntingtin protein with preservation of wild-type huntingtin. The company plans to engage regulators for potential accelerated approval and submit an opt-in package to partner Takeda. The data validate Wave's RNA medicines platform and pipeline.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:35 am

ENVX

Enovix Corporation (NASDAQ:ENVX) has signed an agreement with a leading California-based technology company to supply silicon batteries for mixed reality headsets. The deal includes an immediate one-time payment for tooling and subsequent payments for sample and production quantities. Enovix's high energy density batteries are designed to support the continuous use required by mixed reality devices. The global market for VR and AR headsets is expected to grow significantly, enhancing the potential impact of this agreement.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:32 am

GFAI

Guardforce AI shares are trading higher after the company received a 5-year contract to operate a consolidated cash center in Thailand commencing by year-end.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:29 am

AGCO

AGCO plans a restructuring program in response to weakening demand in the agriculture industry, expecting to reduce its salaried workforce by up to 6%. The company anticipates one-time termination benefits costs of $150 million to $200 million, with most charges incurred in 2024 and the first half of 2025. Annual cost savings are projected to be $100 million to $125 million once fully implemented.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:28 am

POOL

Pool shares are trading lower after the company cut its FY24 EPS guidance due to declining year-to-date sales and lower-than-expected Q2 2024 revenues.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:24 am

GE

GE Aerospace shares are trading lower after its customer, Airbus, cut its 2024 targets.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:20 am

GFAI

Guardforce AI has secured a 5-year contract to operate a Consolidated Cash Center (CCC) in Chiangmai, Thailand, starting by year-end. This contract enhances their service capabilities and AI solutions for retail clients. With this addition, Guardforce AI will manage five CCCs, covering 44 out of 77 provinces and approximately 1,900 ATMs, making them the largest CCC operator for the Bank of Thailand (BOT).

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:17 am