Streetbeat News

Revenues

PRBZF

Premium Brands Holding Corp reported FY23 revenue of CAD6.261B, an increase from CAD6.029B YoY. Cash and equivalents as of Dec. 30 were CAD27.6M.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:31 am

DM

Desktop Metal forecasts its 2024 revenue to be in the range of $175M-$215M, compared to the consensus estimate of $194M. The company also expects its adjusted EBITDA for 2024 to be between $(30)M and $(10)M. Desktop Metal has not provided a reconciliation of its adjusted EBITDA outlook to net income, citing the inability to estimate all reconciling items without unreasonable efforts.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:12 am

KVHI

KVH Industries projects its 2024 revenue to be between $125M-$135M, aligning with an estimated $129.15M. The company also forecasts an adjusted EBITDA ranging from $11M to $17M.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:06 am

META

SNAP

TikTok's US revenues reached $16 billion amid threats from Washington to ban the app. The article suggests that such a ban could impact competitors like META and SNAP, potentially affecting their market positions and financial performance.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 10:55 am

FXI

ORCL

SNAP

Financial Times reported that Bytedance, the parent company of TikTok, had a revenue of $120 billion in 2023, with TikTok generating approximately $16 billion of that revenue in the US.

Portfolio Pulse from Charles Gross

March 15, 2024 | 10:53 am

EH

KOMP

VWO

EHang Holdings Ltd (EH) reported a significant revenue increase of 260.9% Y/Y in Q4 fiscal 2023, reaching RMB56.6 million ($7.97 million), surpassing the consensus of $7.83 million. The company's adjusted loss per ADS improved to $(0.04), beating the consensus loss of $(0.10). Despite a decline in gross margin to 64.7%, EHang's stock price rose post-announcement. The company also reported positive cash flow from operations and expects a 160% Y/Y revenue increase in Q1. EHang is included in SPDR S&P Kensho New Economies Composite ETF (KOMP) and Vanguard FTSE Emerging Markets ETF (VWO).

Portfolio Pulse from Anusuya Lahiri

March 15, 2024 | 10:36 am

TSQ

Townsquare Media projects its FY24 revenue to be in the range of $440M-$460M, which is below the estimated $465.2M. The company also forecasts its FY24 adjusted EBITDA to be between $100M-$110M.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 10:14 am

TSQ

Townsquare Media anticipates Q1 revenue to be in the range of $98.5M-$100M, falling short of the expected $103.02M. The company also forecasts its Q1 adjusted EBITDA to be between $17.5M-$18.5M.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 10:12 am

ADBE

CLSK

COIN

MARA

MSTR

PD

RIOT

SMAR

ULTA

In Friday's pre-market session, Adobe Inc. (ADBE) shares fell sharply after reporting Q1 results with weak Q2 revenue guidance. Other stocks like Smartsheet Inc. (SMAR), PagerDuty, Inc. (PD), MicroStrategy Incorporated (MSTR), Ulta Beauty, Inc. (ULTA), CleanSpark, Inc. (CLSK), Coinbase Global, Inc. (COIN), Marathon Digital Holdings, Inc. (MARA), and Riot Platforms, Inc. (RIOT) also recorded losses, mainly due to disappointing financial results or a pullback in Bitcoin prices.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 9:31 am

EH

EHang Holdings anticipates a significant revenue increase for Q1 2024, expecting around RMB58.0 million, which marks a 160% growth compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 8:08 am