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Revenues

FSR

Fisker Inc (NYSE:FSR) shares are rising after announcing momentum in its new Dealer Partnership model, with over 100 dealers interested in partnering. The company expects to sell all remaining 2023 vehicles by the end of Q1 and anticipates significant cash generation from these sales. Fisker also reported a reduction in its outstanding debt under its 2025 convertible notes by $185.5 million, decreasing the total debt from $510 million to $324.5 million.

Portfolio Pulse from Adam Eckert

January 23, 2024 | 1:57 pm

SPY

The USA Redbook year-over-year data shows a 5.2% increase compared to the previous 5.4%. This indicates a slight slowdown in the growth of retail sales.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:56 pm

TSM

Industry sources anticipate a significant increase in CoWoS (Chip on Wafer on Substrate) production capacity at TSMC, which is expected to boost AI server sales for server companies in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:53 pm

BA

RYAAY

Ryanair's CEO announced a reduction in expected aircraft deliveries from Boeing, with 50 aircraft now expected by the end of June instead of 57 by April. The delays may result in a loss of 2 to 3 million passengers for Ryanair this year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:32 pm

SRTS

Sensus Healthcare, Inc. (NASDAQ:SRTS) has announced preliminary Q4 revenue of over $12M and expects 2023 revenue to exceed $23M. The company shipped more than 60 SRT units in 2023 and will report full financial results on February 8th. The increase in revenue is attributed to the growing use of superficial radiotherapy for non-melanoma skin cancer, favorable reimbursement, an aging population, and clinical results. Sensus anticipates further interest from prospective customers at upcoming trade shows in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:20 pm

RZLT

Rezolute, Inc. (NASDAQ:RZLT) has been awarded the Innovation Passport by the U.K. MHRA for RZ358, aimed at treating hypoglycemia due to congenital hyperinsulinism (HI). This designation, based on the Phase 2 RIZE study results, is the first step in the ILAP process, which aims to expedite market access for new medicines. RZ358, a monoclonal antibody, has shown significant improvements in hypoglycemia events and is well-tolerated. It has also received Orphan Drug and Pediatric Rare Disease Designations in the U.S. and PRIME designation by the EMA.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:17 pm

BNGO

Bionano Genomics, Inc. (NASDAQ:BNGO) has announced the full commercial release of the Stratys system for high throughput optical genome mapping (OGM). The Stratys system offers up to four times the data generation rate of the Saphyr instrument and supports up to 12 single access chips. It is powered by Stratys Compute, developed with NVIDIA. The system has been adopted by 10 users across Canada, the US, Europe, and Saudi Arabia, with 11 systems in use. The Stratys system is designed for increased flexibility and throughput, compatible with G2 chemistries, and has a potential 3-day sample-to-answer time for hematological samples. It is expected to transform lab approaches to genome analysis and has seen orders exceeding the initial offering during its early access program.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:13 pm

MXCT

MaxCyte has entered into a strategic licensing agreement with Imugene, granting Imugene non-exclusive clinical and commercial rights to use MaxCyte's Flow Electroporation Technology and ExPERT platform. In return, MaxCyte will receive platform licensing fees and program-related revenue.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:10 pm

BTBT

Bit Digital, Inc. (NASDAQ:BTBT) has started generating revenue from its first AI contract, with 1,536 GPUs already operational and an additional 512 GPUs expected to be online by the end of January 2024. The contract's total value exceeds $50 million in annualized revenue. CEO Sam Tabar anticipates that this revenue will bolster the company's financial stability and support the acquisition of new bitcoin mining rigs, aiming to double the operating fleet to approximately 6.0 EH/s in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:07 pm

CEI

Camber Energy, Inc. has announced that its majority-owned subsidiary, Simson-Maxwell Ltd., has entered into an exclusive distribution agreement with BOX 03 International S.A. for the Viking Ozone Technology's waste treatment systems in several European countries and French speaking countries of West Africa. This agreement is expected to expand Camber's footprint in these regions and aligns with companies committed to advanced waste treatment technologies.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:06 pm