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MSFT

VTSI

VirTra, Inc. (NASDAQ: VTSI) shares are down 30.8% after reporting worse-than-expected Q1 financial results. Revenue declined 19% YoY to $8.09 million, missing the consensus of $8.56 million due to delays in federal funding. Gross profit fell 21% YoY to $5.5 million, impacted by cost increases from a Microsoft contract. Adjusted EBITDA dropped to $1.9 million from $4.0 million a year ago, and EPS of $0.11 missed the consensus of $0.12. The company is focusing on improving bookings and stabilizing backlog, with strategic initiatives like the V-XR launch aimed at boosting revenue growth for the rest of 2024.

Portfolio Pulse from Lekha Gupta

May 15, 2024 | 1:53 pm

JXJT

JX Luxventure (NASDAQ:JXJT) reported a significant improvement in earnings per share (EPS) for the fiscal year, moving from a loss of $(43.70) to a profit of $0.50. However, the company's sales decreased by 60.14% year-over-year, from $79.88 million to $31.84 million.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:49 pm

SPY

President Biden has announced that his top economic priority is fighting inflation and lowering costs. His plan includes building two million homes, lowering prescription drug prices, and urging grocery chains to reduce prices.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:44 pm

AMD

DIA

GLD

IWM

QQQ

SPY

TSLA

The S&P 500 and Nasdaq 100 indices hit record highs following a softer-than-expected April inflation report and cooler retail sales data, increasing the likelihood of Fed rate cuts this year. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) rose 0.5%, while Advanced Micro Devices Inc. (AMD) and Tesla Inc. (TSLA) were top performers within the S&P 100. The SPDR Dow Jones Industrial Average ETF (DIA) inched 0.3% higher, and the iShares Russell 2000 ETF (IWM) rose 1.2%. The SPDR Gold Trust (GLD) also saw a 0.6% increase.

Portfolio Pulse from Piero Cingari

May 15, 2024 | 1:39 pm

DT

Dynatrace has issued its financial outlook for fiscal year 2025, projecting revenue between $1.644 billion and $1.658 billion, which is below the estimated $1.68 billion. The adjusted EPS is expected to be between $1.26 and $1.29, also below the estimated $1.32. The company anticipates a foreign exchange headwind of approximately $10 million.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:38 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP) has secured 9 new contracts, including 7 expansion contracts and 2 renewal agreements, totaling over $700,000 in sales. The company is expanding its safety presence in California, Florida, Georgia, Louisiana, and Washington. Additionally, Knightscope has scheduled its first quarter 2024 Town Hall for May 16.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:37 pm

DIS

Disney has announced that its streaming unit is expected to become a double-digit margin business, indicating significant profitability improvements in the near future.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:36 pm

EZFL

EzFill Holdings (NASDAQ:EZFL) reported a Q1 EPS of $(0.45), an improvement from $(0.70) YoY, and sales of $6.58M, up from $5.23M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:29 pm

NU

Nu Holdings Ltd (NYSE:NU) shares are trading higher following the company's strong first-quarter financial results. Nu Holdings reported revenue of $2.7 billion, beating the consensus estimate of $2.49 billion, and a net income of $379 million. The company added 5.5 million customers, bringing the total to 99.3 million globally. Monthly Average Revenue per Active Customer grew 30% year-over-year to $11.40. Total deposits increased to $24.3 billion, and the loan-to-deposit ratio climbed to 40%. Susquehanna analyst James Friedman maintained a Positive rating and raised the price target from $12 to $14.

Portfolio Pulse from Adam Eckert

May 15, 2024 | 1:28 pm

BIAF

bioAffinity Technologies (NASDAQ:BIAF) reported Q1 EPS of $(0.21), a 16.67% decrease from $(0.18) YoY, and sales of $2.41M, a significant increase from $921.00 YoY.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:28 pm