Streetbeat News

Revenues

GDNSF

Goodness Growth Holdings, Inc. (OTC:GDNSF) reported a significant increase in Q4 2023 revenue, gross margin, and operating profits, with revenue reaching $24.2 million, a 34.4% increase year-over-year. Operating income for Q4 was $5.4 million, marking the second consecutive quarter of surpassing the $5 million threshold. The company also highlighted the successful execution of its CREAM & Fire strategy and anticipates the launch of adult-use cannabis sales in Minnesota in 2025. Additionally, Goodness Growth announced the divestiture of its New York operations to ACE Venture Enterprises, Inc., including a $20 million investment from Ace for development and assumption of the IIP lease.

Portfolio Pulse from Nicolás Jose Rodriguez

April 02, 2024 | 1:27 pm

VMD

Viemed Healthcare, Inc. (NASDAQ:VMD) has finalized a strategic partnership with East Alabama Health, acquiring a majority interest in East Alabama HomeMed, LLC. This partnership is expected to generate an incremental annualized revenue of approximately $4 million for Viemed. The collaboration aims to enhance home medical services within the EAH network and can serve as a model for future nationwide expansions.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:04 pm

ESEA

Euroseas Ltd. (NASDAQ:ESEA) announced a one-year time charter contract for its containership, M/V Synergy Antwerp, at a daily rate of $26,500, starting April 2, 2024. The ship underwent retrofits, including energy-saving devices, expected to reduce CO2 emissions by 9,800 metric tons annually. These upgrades are part of Euroseas' efforts to modernize its fleet and reduce its carbon footprint. The charter is expected to contribute about $6.5 million of EBITDA and increases Euroseas' 2024 charter coverage to 80%.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:03 pm

VEEV

20 analysts have recently reviewed Veeva Systems (NYSE:VEEV), showing a mix of bullish and bearish sentiments. The average 12-month price target is now $243.5, up from $219.00, indicating an 11.19% increase. Analysts' ratings range from 'Buy' to 'Underweight', with several maintaining their previous ratings and others raising their price targets. Veeva Systems, a leading provider of cloud-based solutions for the life sciences industry, has shown strong financial performance with a revenue growth rate of 11.93%, a net margin of 23.37%, and an ROE of 3.27%.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 1:00 pm

MVST

Microvast targets a Q1 2024 revenue growth of 40%-60% YoY, with guidance of $65M-$75M, below the $132.84M estimate. The company aims for a gross margin of 20%-25%, plans to complete Clarksville Phase 1A with financing solutions, and secure long-term domestic customer contracts. It also reports new customer wins in APAC and EMEA, expanding its presence in the electrifying commercial vehicle markets.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:00 pm

SPY

The latest USA Redbook data shows a year-over-year increase of 5.2%, up from the previous 3.9%. This indicates a higher than expected growth in retail sales, which could signal a strengthening consumer spending trend.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:58 pm

SPY

The USA Redbook year-over-year data remains unchanged at 3.9%, indicating steady consumer spending patterns.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:57 pm

ONFO

Onfolio Holdings reported a Q4 2023 revenue of $1.27M, marking an increase from $1.12M in the same quarter the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:55 pm

BKTI

BK Technologies announced receiving two purchase orders from the USDA Forest Service for 5,620 BKR 5000 radios, as part of a five-year blanket purchase agreement initiated in May 2021. Since June 2021, the USFS has purchased over 22,000 BKR 5000 radios, transitioning from BK Technologies' KNG Portable Series.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:47 pm

VCNX

Vaccinex reported its FY23 earnings with an EPS of $(43.68), showing a significant improvement from last year's $(98.05). Revenue also increased to $570K from $275K YoY.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:44 pm