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Revenues

ABVC

ABVC Biopharma has entered into a collaboration with Oncox Biopharma, granting Oncox exclusive rights to develop, manufacture, and commercialize one of ABVC's four oncology pipeline products, Blex 404. ABVC expects to receive an aggregate income of $13.75 million and up to $12.50 million in royalties from this deal.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:41 pm

ATAI

CMPS

CYBN

KAYS

Kaya Holdings Inc. (OTCQB:KAYS), a Florida-based cannabis company, has been granted a license by the Oregon Health Authority to operate a Psilocybin Service Center named The Sacred Mushroom in Oregon. This center, under its subsidiary Fifth Dimension Therapeutics, Inc., aims to provide psilocybin treatment in a unique setting, expecting to welcome its first guests within the next thirty days. The move is seen as a significant step in the mental health sector, with KAYS aiming to become a leader in psychedelic care delivery. Other companies like Compass Pathways (NASDAQ:CMPS), ATAI Life Sciences (NASDAQ:ATAI), and Cybin (AMEX:CYBN) are developing synthetic psilocybin for treatment-resistant mental health disorders, expected to be administered in centers like The Sacred Mushroom.

Portfolio Pulse from Nina Zdinjak

May 09, 2024 | 1:29 pm

POCI

Precision Optics Corporation, Inc. (NASDAQ:POCI) announced a record $9M order for single-use endoscope assemblies for cystoscopy surgeries, with an additional $0.5M expected for engineering work, totaling $9.5M. Deliveries start July 2024, spanning into fiscal 2027. This marks POC's largest order, highlighting the growth in single-use medical applications.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:28 pm

GWAV

Greenwave Technology Solutions, Inc. (GWAV) anticipates revenues exceeding $40M for the year ended December 31, 2024, driven by record volumes of steel and copper processing at its Cleveland, OH, and Virginia Beach, VA locations. The company expects positive EBITDA and cashflows following the commencement of its second American Pulverizer 60x85 shredder. CEO Danny Meeks highlights the strengthened balance sheet and infrastructure investments as key to future growth and shareholder value.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:22 pm

RMCO

Royalty Management Holding Corporation (NASDAQ:RMCO) announced that its investment holding, Ferrox Holdings Ltd., has started production at the Tivani mining project in South Africa, focusing on Titanium, Iron, and Vanadium ores. Ferrox aims to increase production to 50,000 tons of ores per year by 2025, with anticipated annual revenue of $8 million. This move is part of RMCO's strategy to build shareholder value through high-value asset acquisitions and development in resource-driven and emerging technology industries.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:20 pm

ASND

Ascendis Pharma A/S (NASDAQ:ASND) announced that new data on TransCon PTH for treating chronic hypoparathyroidism, showing clinical and quality-of-life improvements, will be presented at ECE 2024. The data includes 2-year results from the Phase 3 PaTHway Trial and outcomes from a compassionate use program.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:17 pm

AMC

AMC Entertainment Holdings Inc (NYSE:AMC) reported Q1 financial results with revenue of $951.4 million, surpassing estimates, and a loss of 78 cents per share, slightly better than expected. Despite a 6% decline in North American box office sales, AMC grew its domestic market share and per patron profitability. CEO Adam Aron remains optimistic about recovery, citing the impact of Hollywood strikes but looking forward to a strong film lineup in the coming years. AMC plans to reduce debt and has announced a Listening Event with Billie Eilish. Shares fell 4.08% to $3.06.

Portfolio Pulse from Adam Eckert

May 09, 2024 | 1:15 pm

ABNB

Airbnb Inc (NASDAQ:ABNB) shares dropped following its Q1 financial results, despite beating revenue and EPS estimates, due to a cautious outlook for Q2 2024. The company highlighted strong Q1 performance driven by travel demand and Easter timing, with significant revenue growth expected in Q3 2024 around major events like the Olympics and Euro Cup. Q2 revenue guidance was slightly below estimates, and Piper Sandler raised its price target for ABNB.

Portfolio Pulse from Adam Eckert

May 09, 2024 | 1:14 pm

SLNA

Selina Hospitality has announced its preliminary financial results for FY23, projecting revenues of $201.3 million.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:13 pm

SLNA

Selina Hospitality reported preliminary Q1 revenue of $49.2 million.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:13 pm