Streetbeat News

Revenues

SYPR

Sypris Solutions has updated its full-year outlook for 2024, maintaining an expected revenue increase of 10%-15% year-over-year, while adjusting its gross margin guidance to a 100-125 basis point increase.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:56 am

SYPR

Sypris Solutions (NASDAQ:SYPR) reported a significant decline in Q1 EPS to $(0.10) from $(0.01) YoY, despite a 10.10% increase in sales to $35.55M from $32.29M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:53 am

PXLW

Pixelworks, Inc. (NASDAQ:PXLW) shares are down 27.3% premarket due to soft second-quarter guidance. Despite a 61% Y/Y revenue increase in Q1, the company expects Q2 revenue to be significantly lower, citing near-term headwinds in its mobile business.

Portfolio Pulse from Lekha Gupta

May 15, 2024 | 11:51 am

ABEO

Abeona Therapeutics estimates that its current cash and cash equivalents, restricted cash, short-term investments of $62.7M, credit facility, and proceeds of $75M from an underwritten offering in May will provide a cash runway into 2026.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:43 am

ARKB

GBTC

IBIT

Spot Bitcoin ETFs saw $100 million in inflows on May 14, despite a $50.93 million outflow from Grayscale's Bitcoin Investment Trust. Significant inflows were noted in Ark Invest and 21Shares' ETF, and the Wisconsin Investment Commission's $99 million investment in BlackRock's iShares Bitcoin Trust highlights growing institutional interest.

Portfolio Pulse from Murtuza Merchant

May 15, 2024 | 11:43 am

ONDS

Ondas Holdings (NASDAQ:ONDS) reported Q1 EPS of $(0.17), meeting analyst expectations. However, sales dropped significantly to $625.01K from $2.60M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:40 am

SEED

Origin Agritech reported its first half of FY2024 financial results with a revenue of $13 million and a net profit of $0.2 million.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:39 am

NYAX

Nayax Ltd has reiterated its FY24 revenue guidance of $325M-$335M, representing over 38% year-over-year growth. The company expects hardware gross margins to trend towards the higher end of 25%-27%, with adjusted EBITDA between $30M-$35M. Positive free cash flow is anticipated for the full year 2024.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:34 am

MEDIF

MediPharm Labs Corp. (OTCQB: MEDIF) reported a 67% increase in Q1 revenue to $9.8 million, improved gross profit, and a significant reduction in Adjusted EBITDA loss. The company is in a strong financial position with $17 million in cash and less than $3 million in debt, positioning it well for future growth.

Portfolio Pulse from Nina Zdinjak

May 15, 2024 | 11:33 am

SRAD

Sportsradar Group shares are trading higher following the company's announcement of better-than-expected Q1 sales results and FY24 revenue guidance that exceeds estimates.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:33 am