Streetbeat News

Revenues

NWTN

NWTN reported a six-month revenue of $0.6M compared to none last year, indicating some growth. However, the company also reported a significantly larger net loss of $(69.8)M compared to $(9.2)M in the previous year, suggesting increased expenses or investment activities that have yet to yield profitable returns.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 10:40 pm

FC

Franklin Covey Company (NYSE:FC) reported Q1 earnings of 36 cents per share, surpassing estimates of 23 cents and up from 32 cents the previous year. Revenue was $68.40 million, above the $65.88 million estimate but down 1.40% from last year's $69.37 million. Operating cash flows increased to $17.4 million from $3.0 million. Despite the positive results, FC shares fell 5.51% after-hours to $37.20. The company maintains its adjusted EBITDA growth target for FY 2024.

Portfolio Pulse from Ryan Gustafson

January 04, 2024 | 10:39 pm

ALVR

AlloVir's Board has approved a drastic workforce reduction of approximately 95% to cut costs and preserve capital, following the discontinuation of its three global Phase 3 posoleucel studies. The reduction is set to occur mainly in Q1 2024, with expected completion by April 15, 2024. AlloVir anticipates incurring about $13 million in restructuring charges due to employee termination costs, predominantly within Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 10:27 pm

PCRX

Pacira BioSciences announced preliminary 2023 total revenue of $675M, a slight increase from $666.8M in 2022, but below the consensus estimate of $677.3M. The company also expects EXPAREL net product sales to be $538.1M for 2023, marginally higher than the $536.9M reported in 2022.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 10:14 pm

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