Streetbeat News

Revenues

EKSO

Ekso Bionics Holdings, Inc. has estimated its Q4 total revenue to be between $4.7M-$4.9M, a significant increase from the $3.6M reported in the same quarter last year. For the full year 2023, the company expects revenue to be between $18.1M-$18.3M, compared to $12.9M in 2022, indicating strong year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 10:08 pm

DKNG

Bet365, an online sports betting operator, revealed the most wagered-on teams and popular betting types across major North American sports leagues for 2023. The Kansas City Chiefs led NFL betting, possibly influenced by Travis Kelce's romance with Taylor Swift. Popular MLB teams included the Yankees, Phillies, Dodgers, and Blue Jays. In the NBA, the Nuggets, Lakers, and Celtics were top choices, with Jokic, Doncic, and Antetokounmpo as the most bet on players. The Bruins, Rangers, Maple Leafs, and Golden Knights were the NHL favorites, while the Aces and Liberty led WNBA betting. College football betting was dominated by Georgia, Michigan, Alabama, and Ohio State.

Portfolio Pulse from Chris Katje

January 04, 2024 | 10:00 pm

MPW

Medical Properties Trust (MPT) has announced its intention to expedite the process of recovering uncollected rents and outstanding loan obligations from Steward Health Care. MPT is focusing on addressing the financial issues related to Steward's delayed payments.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:51 pm

AXGN

Axogen has reported preliminary Q4 revenue of $42.7M, reflecting an 18% increase year-over-year and surpassing the consensus estimate of $40.68M. The company also updated its 2023 revenue expectations, now anticipating to be at the high end of the previously provided guidance range of $154M-$159M, which is above the consensus estimate of $156.75M.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:49 pm

PINE

Alpine Income Property Trust, Inc. (PINE) reported its 2023 transaction activities, including the acquisition of 14 net lease retail properties and the origination of three first mortgage structured investments, totaling $121.5 million in investment activity. The company also sold 24 properties for $108.3 million, generating $9.3 million in gains. PINE repurchased shares and issued new shares under its ATM program, with no debt maturities until 2026. As of year-end 2023, PINE owned 138 properties with $38.7 million in annualized base rent, with a portfolio weighted average lease term of 7 years and 65% of rents from investment-grade tenants.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:22 pm

REXR

Rexford Industrial Realty, Inc. (REXR) announced $81M in recent transactions, including two acquisitions for $69.5M and one disposition for $11.3M, bringing its full year 2023 investments to $1.5B in Southern California. The company acquired properties in Anaheim and South El Monte, with plans for redevelopment into Class A industrial buildings, and sold a fully occupied multi-tenant building in Santa Ana. The transactions were funded through equity settlements, cash, and 1031 proceeds, with a pipeline of $75M in new investments.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:21 pm

TPET

Trio Petroleum Corp (NYSE:TPET) announced the restart of the McCool Ranch Oil Field, with production from six previously producing wells. The San Ardo Water Disposal Well WD-1 has been refurbished, and on-site facilities are being tested and repaired. The field, idle since 2015 due to low oil prices, is expected to provide significant cash flow for the company with current oil prices and approved permits. The field has the potential for additional drilling, and the restart is seen as a positive step towards increasing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:17 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) reported a 9.9% increase in net sales for December 2023, totaling $26.15 billion, and a 5.9% increase for the seventeen weeks ended December 31, 2023, with sales of $82.86 billion. Comparable sales also saw increases across various regions, with e-commerce showing significant growth. The fiscal calendar shift negatively impacted sales by up to 1%. An extra shopping day in December contributed approximately 3% to the sales growth.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:16 pm

ALLO

Allogene Therapeutics announced a refined approach of the 2024 Platform Vision, which includes a streamlined trial footprint and focused pipeline prioritization. This strategy will lead to a planned restructuring of resources in Q1 2024, aimed at reducing cash burn and extending the financial runway into 2026. The company will provide full 2024 guidance in its Q4/YE 2023 quarterly call.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:12 pm

KRUS

Kura Sushi USA projects its total sales for 2024 to be between $239 million and $244 million, which is in line with the estimated $240.39 million.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:10 pm