Streetbeat News

Revenues

MAMO

Massimo Group reported its Q1 2024 earnings per share (EPS) at $0.08, a significant increase from $0.01 year-over-year (YoY). The company's revenue also saw a substantial rise to $30.151 million from $18.840 million YoY.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:35 pm

SPY

The S&P 500 index experienced a decline following the release of April's Producer Price Index (PPI) data, which came in hotter than anticipated. This suggests inflationary pressures that could influence the Federal Reserve's monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:33 pm

SYTA

Siyata Mobile Inc. has received orders totaling over $2.2 million, and its SD7 device has achieved 'Stocked' status, indicating a positive development for the company and its product line.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:33 pm

GM

GM's Cruise is restarting supervised autonomous driving tests in Phoenix with safety drivers, following a pause due to a pedestrian accident involving one of its robotaxis last year. The tests aim to validate the safety of Cruise's self-driving technology, with plans to expand to other cities. GM reported a reduction in Cruise's expenses and is exploring funding options, including outside investment.

Portfolio Pulse from Anan Ashraf

May 14, 2024 | 12:24 pm

LOAR

Loar Holdings reported a 23.7% increase in Q1 net sales year-over-year, totaling $91.8M. Net income for the quarter was $2.2M. The company concluded the quarter with $28.15M in cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:24 pm

BOF

BranchOut Food has signed a lease for a new production facility in Peru, with an estimated production capacity of $40M and projected gross margins of 40-50%.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:20 pm

BIGC

BigCommerce (NASDAQ:BIGC) partners with MUJI to launch new online storefronts aimed at driving MUJI's growth in Europe. This collaboration leverages BigCommerce's platform to support MUJI's expansion, highlighting the platform's capabilities in facilitating international ecommerce for major brands.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:14 pm

SANW

S&W Seed Company projects its FY24 revenue to be between $67.0M and $70.0M, which is below the estimated $75.3M.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:06 pm

NRIX

Recent analyst ratings for Nurix Therapeutics (NASDAQ:NRIX) show a mix of bullish to bearish sentiments, with an average 12-month price target of $25.00, marking a 4.17% increase from the previous target. The ratings reflect updates from analysts at Stephens & Co., RBC Capital, Baird, Needham, Morgan Stanley, HC Wainwright & Co., and Wells Fargo, indicating various actions such as maintaining, raising, and lowering ratings and price targets. Nurix Therapeutics, a biopharmaceutical company, is recognized for its innovative approach in cancer and immune disorder treatments, showing significant revenue growth and financial performance despite some challenges.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 12:01 pm

ACLX

Arcellx (NASDAQ:ACLX) has received diverse analyst ratings over the last three months, with a notable positive shift in the average 12-month price target to $80.57, up 20.94% from $66.62. Recent analyst actions include ratings adjustments and price target changes, reflecting a bullish sentiment towards the company's stock. Arcellx, a clinical-stage biotechnology firm, has shown impressive financial performance, including a significant revenue growth rate and strong profitability metrics.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 12:01 pm