Streetbeat News

Revenues

TLSI

TriSalus Life Sciences announced preliminary Q4 sales of around $5.7M, marking a 77% increase compared to 2022, with an estimated $5.453M. For 2023, the company forecasts revenues of about $18.5M, a 49% growth from 2022, and anticipates a gross margin of 90% for Q4 and 86% for the full year.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:21 pm

HSAI

Hesai Group forecasts Q1 net revenues between $45.1M-$49.3M, marking an 18.6%-25.6% year-over-year decrease, mainly due to a slowdown in the robotaxi business. The company anticipates a return to revenue growth in Q2 and throughout 2024.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:19 pm

YALA

Yalla Group anticipates its Q1 revenues to range between $72M and $79M, falling short of the estimated $79.50M.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:16 pm

GPI

Group 1 Automotive has acquired Modern Classic Motors in Hilton Head, South Carolina, expanding its franchises with Mercedes-Benz to 17 and with Honda to 13 in the U.S. and U.K. The dealerships are expected to generate $140 million in annual revenues. No terms of the acquisition were disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:00 pm

PACK

Ranpak Holdings projects a net revenue growth of 6%-12% and AEBITDA growth of 5%-16% for 2024, with forecasts of $370-$390 million in net revenue and $80-$89 million for AEBITDA, all on a constant currency basis.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:54 pm

MTN

Vail Resorts, Inc. (NYSE:MTN) reported Q2 earnings and sales below analyst expectations and lowered its FY2024 guidance due to challenging conditions at its North American resorts. The company cited approximately 42% lower snowfall across its western North American resorts and limited natural snow at its Eastern U.S. resorts as major factors. Despite this, CEO Kirsten Lynch highlighted the strategic business model's resilience and anticipates improved performance in the coming months.

Portfolio Pulse from Erica Kollmann

March 11, 2024 | 8:51 pm

NEXT

NextDecade Corporation (NASDAQ:NEXT) provided a Q4 2023 business update, focusing on the construction of Phase 1 at the Rio Grande LNG Facility and the expansion capacity to meet global LNG demand. The company is working with Bechtel on construction and has begun FEED and EPC contract processes for Train 4, aiming for a positive FID in H2 2024. Financially, NextDecade has secured loans and issued senior secured notes to support Phase 1 construction, with significant progress reported in project completion percentages for Trains 1, 2, and 3.

Portfolio Pulse from Happy Mohamed

March 11, 2024 | 8:36 pm

ASRT

Assertio anticipates its full-year net product sales for 2024 to be between $110M-$125M, with an adjusted EBITDA forecast of $20M-$30M.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:36 pm

AVO

Mission Produce anticipates a slight sequential increase in avocado pricing, projecting a 10-15% rise from the Q2 2023 average of $1.30 per pound.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:36 pm

CASY

Casey's General Stores projects an increase in FY24 same-store inside sales by 3.5%-5% and expects EBITDA growth to align with its long-term strategic plan's goal of 8%-10%.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:36 pm