Streetbeat News

Revenues

GRYP

Gryphon Digital Mining announced its total mining revenue for 2023 was $21.1 million, slightly down from $21.4 million in 2022.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:55 pm

AISP

Airship AI, symbol AISP, forecasts significant revenue growth and anticipates achieving positive cash flow in 2024, signaling a strong financial outlook.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:52 pm

BKYI

BIO-key International, Inc. has reported a preliminary revenue increase of 29% for the year 2023, reaching $9.1 million. This significant growth highlights the company's expanding operations and market presence.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:50 pm

AISP

Airship AI, symbol AISP, announced its FY 2023 revenue of $12.3 million and a backlog of $11.8 million, indicating a solid financial position and potential for future growth.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:48 pm

LFWD

Lifeward CEO Larry Jasinski issued an open letter to shareholders updating on the progress with CMS to finalize a Medicare payment rate for the ReWalk Exoskeleton. The payment rate was deferred in the HCPCS final determination, but CMS has indicated it can update the April 2024 DMEPOS fee schedule to include exoskeletons once the rate is established. Lifeward is actively working with CMS and has submitted 35 Medicare claims, with one already paid and more in review. An additional 60-75 claims are planned for submission by end of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:34 pm

UMH

UMH Properties, Inc. (NYSE:UMH) announced a 4.9% increase in its quarterly dividend to $0.215 per share, payable on June 17, 2024. This marks the fourth consecutive annual increase, supported by three quarters of normalized FFO per share growth in 2023. The company anticipates future growth in occupancy, revenue, and earnings, citing the high demand for manufactured homes.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:34 pm

LECO

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has acquired RedViking, a Michigan-based automation system integrator specializing in AGVs, mobile robots, custom assembly, dynamic test systems, and MES software. RedViking, with an annual revenue of ~$70M, will be integrated into Lincoln Electric's Americas Welding Segment. This acquisition enhances Lincoln Electric's automated material handling and testing solutions, and expands its capabilities in production data and analytic software solutions, particularly serving the aerospace, defense, and transportation sectors.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:31 pm

CNC

CVS

HUM

MOH

UNH

The Centers for Medicare & Medicaid Services (CMS) announced that payments to Medicare Advantage (MA) plans are expected to increase by an average of 3.70% in 2025, with projected payments from the federal government to private health plans in the Medicare Advantage program ranging between $500 billion to $600 billion.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:29 pm

CNC

CVS

HUM

MOH

UNH

The Centers for Medicare & Medicaid Services (CMS) has finalized payment updates for the 2025 Medicare Advantage and Medicare Part D programs. These updates are expected to impact the financial performance of companies involved in these programs, potentially affecting their stock prices. Companies like Centene Corporation (CNC), CVS Health Corporation (CVS), Humana Inc. (HUM), Molina Healthcare Inc. (MOH), and UnitedHealth Group Incorporated (UNH) may see changes in their revenue streams and operational costs as a result of these updates.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:27 pm

PVH

PVH Corp. forecasts a decrease in revenue by 6% to 7% for FY24 compared to 2023, attributing part of the decline to the sale of the Heritage Brands women's intimates business and a shorter fiscal year. Despite the revenue drop, EPS is expected to increase to $10.75-$11.00 from $10.68 (non-GAAP) in 2023, factoring in a $0.10 per share negative impact from foreign currency translation. Operating margin is anticipated to remain stable at around 10.1%, with interest expense and effective tax rate also expected to stay relatively flat.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:19 pm