Streetbeat News

Revenues

LQR

LQR House has reported a significant increase in revenue for December 2023, totaling $339,713, which is a substantial rise from the $74,053 reported in the same month of the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:52 pm

DBGI

Digital Brands Group (DBGI) projects its 2024 revenue to be between $27M and $30M.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:48 pm

WKHS

Workhorse Group Inc. (NASDAQ:WKHS) announced that its W56 electric vehicle has been approved for the California Air Resources Board's HVIP incentive program, which offers a base voucher of $85,000 per vehicle to reduce cost barriers for EV ownership in California. The W56 is a Class 5/6 model chassis platform, with production starting in September 2023. Workhorse has received its first fleet purchase order for W56 step vans in California and is aiming to expand market share in the EV step van segment.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:46 pm

SGBX

SGD

Safe & Green Holdings Corp. (SGBX) CEO Paul Galvin provided a shareholder letter highlighting 2023 achievements and 2024 outlook. Key 2023 milestones include the spin-off of Safe and Green Development Corporation (SGD), a Master Purchase Agreement with SGD, and significant growth in the manufacturing sales pipeline. The company also partnered with various organizations for modular construction projects and launched the CORNERSTONE Charitable Foundation. Cost reductions and facility expansions are expected to improve cash flow and scalability of operations in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:43 pm

LEGN

Legend Biotech has completed a licensing deal for CAR-T therapies targeting DLL3. The company will receive an upfront cash payment of $100 million as part of the agreement terms.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:35 pm

NNDM

Nano Dimension reported preliminary Q4 revenues of $14.3M, an 18% increase year-over-year, and anticipates 2024 revenues to reach $56.2M, marking a 29% rise from the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:34 pm

BLDP

Ballard Power Systems has entered into a long-term supply agreement with NFI Group Inc., accompanied by an initial purchase order for 100 fuel cell engines. This deal signifies a commitment to fuel cell technology in the transportation sector and may influence Ballard's production and revenue streams.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:33 pm

CDIO

Cardio Diagnostics Holdings, Inc. (NASDAQ:CDIO) has been granted a dedicated CPT PLA code by the AMA for its AI-powered Epi+Gen CHD test, which assesses the risk of heart attacks or CHD events. This code, effective April 1, 2024, will facilitate reimbursement from federal and private payers, potentially increasing the test's adoption. The Epi+Gen CHD test offers personalized insights into CHD risk, leveraging genetic-epigenetic technology and AI. It has shown to be more sensitive and cost-effective than standard lipid-based risk calculators, especially for women. Cardio Diagnostics also provides an Employer Risk Intelligence platform to help employers manage healthcare costs related to heart disease.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:32 pm

SPY

Richmond Fed President Thomas Barkin stated that the U.S. Federal Reserve is making significant progress in controlling inflation, with the economy remaining robust. He highlighted that the six-month core Personal Consumption Expenditures (PCE) inflation rate is now just below the Fed's 2% target.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:29 pm

ICCM

A new study has found that IceCure Medical's ProSense system, which is used in cryoablation procedures to destroy tumors, may also enhance the immune response against cancer by boosting CD8+ T cell response. This supports previous studies and suggests that ProSense could offer additional anti-cancer benefits beyond just tumor destruction.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:09 pm