Streetbeat News

Revenues

LRE

Lead Real Estate reported an increase in FY23 revenue to JPY 17.442 billion, up from JPY 14.321 billion year-over-year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:17 pm

HIBB

Hibbett, Inc. (NASDAQ:HIBB) shares surged after reporting Q3 sales of $431.92 million, surpassing analyst expectations of $416.02 million. Despite a slight 0.3% Y/Y net sales decrease, the company's Q3 EPS of $2.05 exceeded estimates of $1.17. E-commerce sales grew by 12.6% Y/Y, while brick-and-mortar sales fell by 5.4%. Gross margin slightly declined due to higher promotional activity. Hibbett opened ten new stores, updated its FY24 EPS outlook to $8.00-$8.30 from $7.00-$7.75, and expects total sales to be flat to up ~2.0% for FY24. The stock price rose by 16.56% to $62.50 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

November 21, 2023 | 2:16 pm

SCLX

Scilex Holding Company (NASDAQ:SCLX) announced an increase in manufacturing of ELYXYB, a non-opioid pain management product for migraines, to meet rising demand. The company has produced its first commercial batch with Scilex labeled ELYXYB, aiming to address the needs of future customers. ELYXYB is FDA-approved and has shown effectiveness in clinical trials. The U.S. migraine drug market is estimated at $4.1 billion in 2022. Scilex's CEO expressed excitement about ELYXYB's potential since its April 2023 launch.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:09 pm

TNP

Tsakos Energy Navigation (TNP) reported a decrease in Q3 earnings to $0.83 per share from $1.48 YoY, and a sales decline to $186.66M from $223.74M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:07 pm

COSM

Cosmos Health (NASDAQ:COSM) reported a 6.72% increase in Q3 sales to $12.82M from $12.02M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:03 pm

GMGI

Golden Matrix Group Inc. (NASDAQ:GMGI) reported preliminary revenue estimates showing record revenues of over $44 million for fiscal 2023, a 22% increase from $36 million in fiscal 2022. The company also achieved a record $11.7 million in Q4 revenues. CEO Brian Goodman highlighted the strength of the B2B platform in Asia Pacific, growth in the B2C segment through RKings Competitions Ltd. and MEXPLAY, and a 14% increase in cash-on-hand. Additionally, GMGI filed a preliminary proxy statement for the acquisition of MeridianBet Group with the SEC, anticipating a strategic expansion in gaming markets worldwide. Final financial results are expected to be filed on or before January 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:02 pm

SPY

The USA Redbook year-over-year data shows a 3.4% increase compared to the prior 3.0%.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:55 pm

JTAI

Jet.AI reported a Q3 2023 EPS of $(0.61), a decrease from $(0.45) in the same quarter last year. Revenue also declined to $3.367M from $11.909M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:36 pm

RELI

Reliance Global Group, Inc. (RELI) has announced a Letter of Intent to acquire a benefits enrollment company, which is expected to more than double Reliance's revenue to $35M in FY24. The acquisition is set to close in Q1 2024, subject to definitive agreement and customary closing conditions. The target company is a leading provider of voluntary benefits to 45,000 employees in the U.S. and is anticipated to generate over $21M in revenue during FY24.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:32 pm

BAER

Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER, BAERW) has entered into a joint venture partnership with Marathon Asset Management LP and Avenue Sustainable Solutions Fund to purchase four Canadair CL-215T Amphibious Aircraft from the Spanish government for €40.3 million. The acquisition is expected to close in ten business days and is seen as a strategic move to expand Bridger's customer base and create substantial revenue and cash flow growth. Bridger will manage the upgrades of the planes and has the right to acquire them sequentially as they are ready for service, with the first two expected to be operational by Summer 2024 in the EU.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:10 pm