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Revenues

GP

GreenPower Motor Company Inc. has delivered 10 EV Star Cab and Chassis to a global retailer's Canadian unit for last and middle-mile home deliveries in the Toronto area. The vehicles, financed by a Canadian leasing company, are zero-emission electric vehicles with a 7,000-pound capacity and 150-mile range. GreenPower also delivered various other electric vehicles during the quarter, including school buses and transit buses, and has over 100 EV Star Cab and Chassis ready for delayed delivery. Lion Truck Body, a GreenPower subsidiary, delivered 40 truck bodies in the same quarter.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:37 pm

MTEK

Maris-Tech, which may be referred to as MTEK, has announced preliminary revenue figures for the fiscal year 2023, estimating revenues to be around $4 million.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:36 pm

ABBV

EOLS

RVNC

AbbVie Inc (NYSE:ABBV) maintains a strong position in the aesthetics market with a 68% share of Botox sales, despite competition and calls for stronger FDA warnings on botulinum toxin products. At the J.P. Morgan healthcare conference, CCO Jeffrey Stewart expressed confidence in Botox's market resilience. AbbVie's acquisition of Allergan in 2020 bolstered its market dominance, especially as its drug Humira lost exclusivity. The company also sees potential in its newer drugs, Skyrizi and Rinvoq. Revance Therapeutics Inc (NASDAQ:RVNC) and Evolus Inc (NASDAQ:EOLS) are emerging competitors with products like Daxxify and Jeuveau.

Portfolio Pulse from Vandana Singh

January 11, 2024 | 1:31 pm

ELIQ

Electriq Power, potentially referenced as ELIQ, has projected sales of $1.3 million for Q4. The company also reaffirmed its revenue forecast for 2024, expecting to generate between $20 million and $30 million.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:27 pm

ECDA

ECD Auto Design, which may be referred to as ECDA in the article, is projecting a revenue of $33 million for the year 2024.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:17 pm

CDP

COPT Defense Properties (NYSE:CDP) has surpassed its 2023 development and vacancy leasing targets. The company secured a long-term lease with a Fortune 100 company for a new development in Northern Virginia and leased space to a leading defense contractor in Huntsville, Alabama. COPT Defense leased 747,000 square feet for development and 452,000 square feet for vacancies, both exceeding their respective targets for the year.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:12 pm

ELIQ

Electriq Power, potentially referred to as ELIQ, has announced preliminary revenues for Q4 ranging between $20M and $30M.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:07 pm

RRC

Range Resources (NYSE:RRC) received mixed analyst ratings with 2 bullish, 5 somewhat bullish, 3 indifferent, and 1 somewhat bearish. The average 12-month price target is $38.0, with a high of $44.00 and a low of $32.00. Several analysts have adjusted their ratings and price targets, with most lowering their targets except for Nitin Kumar from Mizuho, Biju Perincheril from Susquehanna, and Roger Read from Wells Fargo who raised their targets. Range Resources faces financial challenges with a significant revenue decline of -63.57% over 3 months, below-average net margin, ROE, and ROA, but a sound debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 1:00 pm

ASPN

Aspen Aerogels reported preliminary Q4 revenue of $84M, a 38% increase YoY, surpassing the estimate of $74.9M. The company expects FY24 baseline revenue to be $350M, with potential growth as EV production accelerates, which is below the estimated $391.43M. Full year 2023 revenues reached $238M, a 32% increase YoY, with PyroThin thermal barrier revenues at $110M (up 98% YoY) and Energy Industrial revenues at $128M (up 3% YoY). The company anticipates a continued net loss despite a positive adjusted EBITDA run rate.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 12:35 pm

INFY

SPY

Infosys Ltd (NYSE: INFY) reported a slight 0.1% Y/Y revenue increase in Q3 to $4.66 billion, surpassing consensus estimates. Despite a 1.0% Y/Y and Q/Q decline in constant currency terms, the company achieved a significant deal win TCV of $3.2 billion. Operating margin fell by 100 bps to 20.5%, and EPS met expectations at $0.18, down from $0.19 the previous year. Infosys holds $2.6 billion in cash and equivalents and generated $665 million in free cash flow, up 15.5% Y/Y. CEO Salil Parekh highlighted strong large deal wins and the use of Infosys' generative AI and cloud capabilities. The company adjusted its FY24 revenue growth outlook to 1.5%-2.0% in constant currency, slightly narrowing the previous range of 1.0%-2.5%. Infosys shares rose 1.60% in premarket trading to $18.39, outperforming the SPDR S&P 500 ETF (NYSE: SPY), which gained 8% in the same period.

Portfolio Pulse from Anusuya Lahiri

January 11, 2024 | 12:28 pm