Streetbeat News

Revenues

MIGI

Mawson Infrastructure Group reported a total revenue of $5.42M for February 2024, marking a significant increase of 141% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:52 pm

TPET

Trio Petroleum Corp (TPET) has provided an update on its operations in Monterey County, California, announcing the successful production of the HH-1 well at McCool Ranch, producing approximately 47 barrels of oil per day. Additionally, the company plans to restart the 58X and 35X wells at McCool Ranch and the HV-3A well at Presidents Field in the South Salinas Project shortly. This will result in four actively producing oil wells, with plans to restart two more wells in the near future, aiming to generate significant cash flow.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:40 pm

ZEO

Zeo Energy Corp. reported its Q4 2023 financial results, showing a slight revenue increase to $23.4M from $22.9M YoY but a shift to a net loss of $0.1M from a net income of $1.1M YoY. The full year results also saw revenue growth to $110.1M, up 23.7% YoY, though net income fell to $6.2M from $8.7M. The decrease in net income for both periods was attributed to costs related to new technology launches, legal and consulting expenses, and one-time costs associated with a Business Combination.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:35 pm

SCPX

Scorpius Holdings has secured a contract worth over $1 million with an NIH-funded researcher at a university. This contract could signify a significant step forward for Scorpius Holdings in terms of revenue and market presence.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:34 pm

STEM

Stem, Inc. (NYSE:STEM) has been selected by Central Coast Community Energy and Silicon Valley Clean Energy to provide its Athena PowerBidder Pro software for bid optimization management of battery energy storage systems in the California Independent System Operator market. This partnership aims to enhance operational efficiencies, maximize asset value, and support the CCAs' emission reduction goals. PowerBidder Pro will manage three resource sites starting in 2024, with its success dependent on bid strategy, market conditions, and contract constraints.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:32 pm

SPY

The Building Permits (MoM) for February saw an increase of 1.9%, indicating a potential uptick in construction activity and possibly reflecting a positive outlook for the real estate and construction sectors.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:31 pm

SPY

USA Housing Starts for February showed a significant increase of 10.7% month-over-month, compared to a revised -12.3% in the previous month. This indicates a strong rebound in housing construction activity.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:30 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares dropped in premarket trading on Tuesday following a 6% rally the previous session. The decline is attributed to several factors including a 6.8% week-over-week decrease in weekly insurance registrations for Tesla vehicles in China, a critical market for Tesla. This downturn in Chinese market performance, coupled with broader market weakness and anticipation of the Federal Reserve's interest rate decisions, has negatively impacted investor sentiment. Analysts are concerned that Tesla's first-quarter deliveries may not meet consensus expectations, further contributing to the stock's premarket decline.

Portfolio Pulse from Shanthi Rexaline

March 19, 2024 | 12:20 pm

COYA

Coya Therapeutics reported a significant improvement in its FY23 financial results with EPS improving to $(0.79) from $(4.73) YoY. The company also highlighted a collaboration revenue of $6M and an increase in cash and cash equivalents to $32.6 million. A notable part of their income includes a $7.5 million upfront payment from Dr. Reddy's for the COYA 302 licensing arrangement. R&D expenses rose to $5.5 million, primarily due to increased preclinical and internal R&D expenses, while G&A expenses increased to $7.8 million due to higher personnel and professional fees. The net loss narrowed to $8.0 million from $12.2 million YoY.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:19 pm

NVEI

Nuvei Corporation (NASDAQ:NVEI) has partnered with Charles & Keith to enhance the fashion brand's eCommerce payments globally. Through Nuvei's technology, Charles & Keith can now offer a wider range of payment methods, tailored to local preferences in Southeast Asia, Europe, and the US, including digital wallets like Apple Pay and Google Pay. This partnership aims to optimize checkout experiences and has already contributed to double-digit eCommerce revenue growth for Charles & Keith.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:17 pm