Streetbeat News

Revenues

ZH

Zhihu reported its Q1 2024 financial results, highlighting total revenues of RMB960.9 million (US$133.1 million), a gross margin expansion to 56.6%, and a net loss of RMB165.8 million (US$23.0 million). The company also reported 89.0 million average monthly active users and 14.8 million average monthly subscribing members.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:18 am

BMY

EVO

Evotec has advanced its neurodegeneration research, triggering a $20 million milestone payment from its collaboration with Bristol Myers Squibb.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:45 am

ORMP

SCLX

Scilex has secured a 5-year term of $100 million in royalty-based financing to expand its non-opioid pain management solutions. The funds will be used to repay an $85 million loan from Oramed Pharmaceuticals and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:32 am

PAC

Grupo Aeroportuario del Pacifico (PAC) has acquired a 51.5% stake in GWTC for Ps. 875.5M, expanding its cargo services. GWTC, which operates in free trade zones at Guadalajara and Puebla Airports, generated over Ps. 1.0 billion in revenue in 2023 with a 40% EBITDA margin and no financial debt. The transaction is expected to close by June 25.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:08 am

OPT

Opthea has secured A$227 million in capital to accelerate its therapeutic trials for Wet AMD. This funding is expected to expedite the development and potential market entry of their treatments.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:50 am

EWU

The U.K. trade balance for non-EU countries in April was -7.29 billion GBP, significantly worse than the previous month's -3.81 billion GBP.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:09 am

EWU

The U.K. trade balance for April was reported at -19.61 billion, significantly worse than the estimated -14.20 billion and the prior -13.97 billion.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:09 am

EWU

The U.K. Monthly Gross Domestic Product (GDP) for the three months ending in April showed a 0.7% change, matching the estimated 0.7% and slightly higher than the previous 0.6%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:09 am

EWU

U.K. Manufacturing Production for April decreased by 1.4% month-over-month, significantly below the estimated -0.2% and the prior 0.3%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:08 am

EWU

U.K. Industrial Production for April decreased by 0.9% month-over-month, significantly below the estimated -0.1% and the prior 0.2%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:08 am