Streetbeat News

Revenues

ECDA

Humble Imports, Inc., a subsidiary of ECD Automotive Design, reported a significant increase in Q3 2023 revenue, up 68% to $6.2M. Vehicle deliveries rose 27% to 19 vehicles, with the average selling price per vehicle increasing by 33% to $325,215, attributed to higher customization and the introduction of the Jaguar E-Type. Gross margin improved to 35.4% in Q3 2023 from 25.7% in Q3 2022, and net income reached $668,000 compared to a net loss of $86,000 in Q3 2022. CEO Scott Wallace highlighted strong fundamentals, growth plans, and a full order book for 2024.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:47 pm

LVO

LiveOne projects its FY25 2025 revenue to be between $140M-$155M, which is in line with the analyst estimate of $145.75M.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:47 pm

CENN

Cenntro Electric Group Limited's all-electric class 4 Logistar 400 (LS400) has been approved by the California Air Resources Board (CARB) to participate in California's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP), providing a $60,000 point-of-sale voucher for LS400 sales in California. This follows the LS400's CARB certification as a zero-emission vehicle and a certificate of conformity from the EPA. The HVIP approval is expected to make the LS400 more affordable, attractive, and drive sales in California, aiding in the commercial fleet electrification.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:44 pm

VERU

Veru Inc. announced an investor call on January 4, 2024, to discuss recent financing and its strategy to prioritize the development of enobosarm, a treatment for obesity that prevents muscle loss and augments fat loss in combination with GLP-1 drugs. The company plans a Phase 2b trial for enobosarm and expects first clinical data in Q4 2024. The recent financing is expected to support the company beyond the clinical milestones of this trial.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:42 pm

RNXT

RenovoRX has announced that a clinical data abstract supporting its lead oncology product, RenovoGem™, and its novel therapy platform, TAMP™, for treating locally advanced pancreatic cancer, has been accepted for the 2024 Society of Interventional Radiology Annual Scientific Meeting.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:41 pm

CAAP

Corporación América Airports (CAAP) reported a 14.5% year-over-year increase in passenger traffic for November 2023, matching the traffic levels of November 2019. All countries where CAAP operates, except Brazil and Italy, have surpassed their November 2019 passenger traffic levels.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:35 pm

CLRB

Cellectar Biosciences, Inc. (NASDAQ:CLRB) has expanded its licensing agreement with the Wisconsin Alumni Research Foundation (WARF) for intellectual property related to iopofosine I 131, a compound being researched for the treatment of pediatric cancers. The agreement grants Cellectar exclusive rights to develop and commercialize iopofosine for pediatric solid cancers. The company's position in radiopharmaceutical patents is strengthened by this agreement. Cellectar has also received a $2 million NCI grant to evaluate iopofosine in pediatric high-grade gliomas, with patient enrollment expected soon.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:33 pm

ACN

Accenture Plc (NYSE:ACN) reported Q1 FY24 sales of $16.22 billion, slightly above consensus of $16.20 billion, with a 3% Y/Y increase in U.S. dollars and 1% in local currency. The company's adjusted operating income expanded to $2.70 billion, or 16.7% of revenues. New bookings were $18.4 billion, with consulting bookings at $8.6 billion and managed services at $9.8 billion. Q2 FY24 revenue is expected to be $15.40 billion to $16.00 billion, below the consensus of $16.25 billion. FY24 adjusted EPS guidance is reaffirmed at $11.97-$12.32, with expected revenue growth of 2%-5% in local currency. ACN shares dropped 1.71% in premarket trading.

Portfolio Pulse from Vandana Singh

December 19, 2023 | 1:16 pm

JYD

Jayud Global Logistics Limited (NASDAQ:JYD) has announced a new air charter service agreement with JD Airlines to establish a route from Shenzhen to Clark, Philippines. The service will start on December 16, 2023, with over 100 round trips planned within a year, aiming to boost cargo capacity and trade relations between China and the Philippines. This expansion of Jayud's air freight capabilities is expected to enhance global trade connectivity.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:13 pm