Streetbeat News

Revenues

OGI

OrganiGram Holdings Inc. (NASDAQ:OGI), a Toronto-based cannabis company, announced an $18.5M public offering with ATB Securities Inc. as the lead underwriter, offering 7,740,000 units at $2.39 each. The offering includes an over-allotment option and units comprising one common share and a half warrant. The proceeds are aimed at supporting growth initiatives and covering corporate expenses. The offering is expected to close around April 2, 2024, pending regulatory approvals. However, the announcement led to a downturn in OGI's stock value, following a 16% year-over-year revenue decrease in the first quarter of 2024.

Portfolio Pulse from Patricio Liddle

March 29, 2024 | 12:15 pm

KRE

'Rich Dad Poor Dad' author Robert Kiyosaki predicts a financial crisis in the US similar to China's, impacting baby boomers' retirement plans. He attributes the crisis to the collapse of major entities in China and warns of similar issues in the US commercial real estate sector. Kiyosaki advises investing in tangible assets like gold, silver, and Bitcoin over fiat currency or real estate investment trusts (REITs). The SPDR S&P Regional Banking ETF (KRE) is mentioned in relation to the challenges faced by the US banking system, including the exposure of regional banks to commercial real estate.

Portfolio Pulse from Shanthi Rexaline

March 29, 2024 | 12:12 pm

AMKBY

The US government has allocated $60 million in emergency funds to Maryland for the reconstruction of the collapsed Francis Scott Key Bridge in Baltimore, with total costs expected to reach $2 billion. The collapse, caused by a cargo ship operated by Synergy Group and chartered by A. P. Moller Maersk (AMKBY), has led to a potential insurance payout of up to $4 billion. The U.S. Department of Transportation’s Federal Highway Administration approved the funds following a request from Maryland Governor Wes Moore, as President Joe Biden urged for a swift rebuilding process.

Portfolio Pulse from Benzinga Neuro

March 29, 2024 | 6:48 am

MLP

Maui Land & Pineapple Co (NYSE:MLP) reported a significant improvement in its Q4 earnings, posting $0.04 EPS, a reversal from a $(0.41) loss per share YoY. Sales also surged to $4.04M from $2.17M YoY, marking an 86.06% increase.

Portfolio Pulse from Benzinga Newsdesk

March 29, 2024 | 4:55 am

NAAS

NaaS Technology reported a 2023 revenue of $45.1M, marking a 245% YoY growth. Gross margin rose to 27.7%, with gross profit reaching $12.5M, a 14.4-fold increase.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 9:30 pm

AAPL

Recent analyst reviews of Apple (NASDAQ:AAPL) show a mix of bullish and bearish perspectives, with an average 12-month price target of $211.52, indicating a 6.98% increase from the previous target. The analysis includes ratings adjustments and price target changes by key analysts. Apple's financial performance is highlighted by a positive revenue trend, exceptional net margin, and strong ROE and ROA, despite a higher debt-to-equity ratio compared to the industry average.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 9:00 pm

DOV

Dover (NYSE:DOV) has been analyzed by 5 analysts in the last three months, showing a range of perspectives from bullish to bearish. Recent ratings indicate a shift towards a more positive outlook, with an average 12-month price target of $173.6, marking a 7.49% increase from the previous target of $161.50. Analysts from Baird, Seaport Global, Barclays, RBC Capital, and Oppenheimer have adjusted their ratings and price targets, reflecting optimism about Dover's performance. Despite facing revenue challenges with a -1.56% decline over 3 months, Dover exhibits strong financial health with exceptional net margin, ROE, and ROA, but carries a higher debt-to-equity ratio compared to industry averages.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 9:00 pm

WATT

Energous reported a decrease in its annual revenue to $500K in 2023 from $900K in the previous year. The company's earnings per share (EPS) improved to $(4.15) from $(6.78) year-over-year.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:54 pm

NAAS

NaaS Technology reported a significant increase in its Q4 revenues, showing a 119% year-over-year growth to reach $9.1 million.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:42 pm

BX

REXR

Rexford Industrial Realty, Inc. (REXR) has acquired approximately 3 million square feet of industrial properties from Blackstone (BX) for $1.0 billion. The portfolio includes 48 properties, mostly located in Los Angeles and Orange counties, and is 98% leased. The acquisition was funded through Rexford's recent exchangeable senior note offerings and cash on hand. This strategic investment is expected to generate a weighted average initial unlevered cash yield of 4.7% and a stabilized yield of 5.6%. Rexford's total investment pipeline now stands at $1.4 billion, with anticipated yields of 5.0% and 5.7%, respectively.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:36 pm