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VFF

Canada's cannabis vape market is experiencing significant growth, with a 15% year-over-year sales increase in Q4 2023, driven by evolving consumer preferences and regulatory shifts. The report by Zuanic & Associates highlights the market's complexity and the dominance of top players like Auxly, Decibel, and Tilray, which, along with private companies, hold a 53% market share. The popularity of larger 510 cartridge formats and disposables is reshaping the market, with pricing dynamics showing a 9% decrease in the average vape price per gram equivalent. Motif Labs has emerged as a market leader, while Decibel and Tilray face challenges due to slower responses to market trends. Zuanic & Associates maintain Overweight ratings on Decibel and Village Farms, citing their competitive positioning and growth prospects.

Portfolio Pulse from Nicolás Jose Rodriguez

February 07, 2024 | 1:58 pm

OMF

OneMain Holdings projects its FY24 revenue to grow between 6% and 8%, indicating a positive outlook for the company's financial performance in the upcoming fiscal year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 1:56 pm

RBLX

Roblox Corp (NYSE:RBLX) stock surged over 11% after reporting Q4 FY23 bookings growth of 25% Y/Y to $1.13 billion, surpassing the consensus of $1.08 billion. The company also beat GAAP EPS loss estimates and reached a 52-week high of $47.65. Revenue grew 30% Y/Y to $749.9 million, with DAUs up 22% and hours engaged increasing by 21%. Roblox expects Q1 bookings between $910 million and $940 million, and FY24 bookings between $4.14 billion and $4.28 billion, both above consensus estimates.

Portfolio Pulse from Anusuya Lahiri

February 07, 2024 | 1:49 pm

PERI

Perion Network Ltd (NASDAQ:PERI) shares dropped in premarket trading as its FY24 forecast missed expectations, despite reporting a 12% increase in Q4 revenues and beating EPS estimates. The company saw significant growth in Retail Media and CTV revenues but experienced a decline in video revenue.

Portfolio Pulse from Nabaparna Bhattacharya

February 07, 2024 | 1:45 pm

OSS

One Stop Systems, Inc. (OSS) has started shipping its Gen 5 4U Pro Accelerator System, expecting to generate $4M-$6M in sales over the next three years. This system, designed for AI workflows at the edge, offers significant improvements over the previous generation, including double the interconnect bandwidth and enhanced support for NVIDIA H100 Tensor Core GPUs. OSS's technology is aimed at high-performance computing and AI workloads, with demand in the edge computing market projected to grow substantially. The company's solutions are deployed globally in both commercial and defense sectors.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 1:40 pm

UBER

Uber Technologies, Inc. (NYSE:UBER) reported a strong Q4 FY23 performance with a 15% year-on-year revenue growth to $9.94 billion, surpassing the consensus of $9.76 billion. GAAP EPS was $0.29, beating the consensus of $0.17. Despite the positive results, UBER shares dropped 1.73% in premarket trading. Revenue from Mobility, Delivery, and Freight segments showed varied growth, with Mobility leading. Gross Bookings and Trips also saw significant increases. The company expects Q1 gross bookings between $37.0 billion to $38.5 billion and an adjusted EBITDA of $1.26 billion to $1.34 billion.

Portfolio Pulse from Anusuya Lahiri

February 07, 2024 | 1:40 pm

SPY

US December exports increased to $258.20 billion from $254.30 billion in the previous month, while imports rose to $320.40 billion from $316.20 billion.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 1:40 pm

PGY

Pagaya Technologies LTD. (NASDAQ:PGY), a global technology company specializing in AI-driven financial solutions, has secured a $280M credit facility from top financial institutions including BlackRock, UBS O'Connor, JPMorgan Chase, Valley Bank, and Israel Discount Bank. This facility, aimed at supporting Pagaya's growth and extending its debt maturity to 2029, underscores the confidence these institutions have in Pagaya's business model and financial strategy. The company has also reported strong financial performance for 2023, with Network Volume exceeding $8.2 billion and Adjusted EBITDA over $75 million.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 1:36 pm

CETY

Clean Energy Technologies, Inc. (CETY) announced its affiliate, Vermont Renewable Gas, LLC, received a favorable order from the Maine Public Utilities Commission, granting New Renewable Resource Certification for a 2.2 MW biogas generator facility. This certification allows the facility to participate in Maine's Renewable Portfolio Standard program, projecting $5.2M in revenue over 10 years. CETY will design, build, and operate the $10M facility, expected to generate over 18,000 MWh of renewable electricity and 1,500 tons of BioChar annually. The project benefits from the Inflation Reduction Act and aligns with CETY's mission to expand its clean energy solutions.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 1:36 pm

LRE

Lead Real Estate Co., Ltd (NASDAQ:LRE) has announced contracts for constructing three luxury family hotels in Japan, aiming to capitalize on high occupancy rates. The hotels, located in Tokyo and Mie Prefecture, will feature amenities like gyms and kitchens, and are expected to significantly boost the company's revenue in the next year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 1:35 pm