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Revenues

LEN

Lennar Corporation has expanded its New York market presence by acquiring 1,273 homesites in the Tuxedo Reserve master-planned community from Related Companies. The community, located in Tuxedo, New York, will feature a variety of housing options including townhomes and single-family homes, with amenities such as hiking trails and a clubhouse. The grand opening is scheduled for the second half of 2024, aiming to attract homebuyers seeking the Hudson Valley lifestyle. Financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:12 pm

RARE

Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) announced the European Commission's approval of Evkeeza for children aged 5+ with homozygous familial hypercholesterolemia (HoFH). The approval is based on a Phase 3 study showing a 48% reduction in LDL-C levels at week 24. Evkeeza is now available in the U.S., Canada, Italy, Germany, and through early access in Austria and France. The treatment is the first ANGPTL3 inhibitor for children as young as 5 to control high LDL-C levels due to HoFH.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:08 pm

BHC

Bausch Health Companies, through its Canadian subsidiary, has announced that DUOBRII is now available to patients covered by Quebec's public drug plan. This expands the availability of DUOBRII, which is already included in most public drug plans across Canada and covered by most private drug insurance plans.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:06 pm

MSS

Maison Solutions reported a decrease in Q2 EPS to $0.01 from $0.03 YoY and a slight revenue drop to $13.8M from $14.2M YoY. The decline was attributed to competition from new Asian supermarkets and a shift in customer shopping patterns post-pandemic. Despite lower sales, gross profit margin improved, and the company has increased its cash position to $8.6M after an IPO in October 2023.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:06 pm

AMZN

BABA

PDD

Alibaba Group Holding Ltd (NYSE:BABA) is expanding its global footprint to compete with platforms like Shein and PDD Holdings Inc's (NASDAQ:PDD) Temu. Alibaba.com launched a digital trade service base in Shanghai, introduced an AI tool for automating listings and customer service, and started a dedicated cargo flight between Shenzhen and Mexico City. Alibaba invested $634 million in Lazada, part of a $7.4 billion total investment since its acquisition. Alibaba's international revenue grew by 53% in Q3, surpassing domestic growth. Amazon.com Inc (NASDAQ:AMZN) and ByteDance's TikTok are also expanding in the region, with Amazon building an innovation center in Shenzhen and TikTok investing in Indonesia's GoTo Gojek Tokopedia. BABA shares were down 0.60% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 18, 2023 | 12:58 pm

VRAX

Virax Biolabs Group Limited (VRAX) CEO James Foster issued a shareholder letter detailing the company's progress in immunology research, particularly in post viral syndromes and chronic inflammation. The company has developed a SARS-Cov-2 version of its ViraxImmune T-Cell Kit and is collaborating with a UK research institute. Virax is also enhancing its IVD platform with FluoroSpot technology for better immune response analysis. Financially, Virax is in a strong position with $5.6 million in cash and no debt after a warrant exercise in October 2023. The stock is currently trading at 57% of cash value. The company anticipates significant advancements in its FluoroSpot assays and expansion of distribution channels in the next 12 months.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:44 pm

FSV

FirstService Corporation (NASDAQ:FSV) has acquired Roofing Corp of America for $413M, expanding its property services portfolio. Roofing Corp, with $400M in annual revenues and higher margins than FirstService's average, operates across 11 states with over 900 employees. The deal is funded by cash and credit facility, which has a $1.25B capacity after a recent expansion.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:34 pm

PSTV

Plus Therapeutics announced receiving an award payment of $3.3M, which, along with its existing cash, is expected to fund operations until the second half of 2025. The company also anticipates an additional $6.9 million in grant revenue in 2024.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:21 pm

AKTS

Akoustis Technologies has reaffirmed its revenue guidance for the March quarter, expecting sequential growth of 18 to 25%. This reiteration suggests confidence in the company's revenue trajectory and may influence investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:10 pm

AKTS

Akoustis Technologies has received significant orders for its Wi-Fi 6E filters, which will support a production ramp in the March quarter of 2024. This development indicates a growing demand for the company's advanced Wi-Fi solutions and may positively impact its financial performance.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:09 pm