Streetbeat News

Revenues

KGEI

Kolibri Global Energy reported a decrease in Q3 EPS to $0.06 from $0.26 year-over-year, while its oil and gas gross revenue increased to $16.38M from $12.67M over the same period.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:39 am

ABSI

Absci Corporation (NASDAQ:ABSI) has partnered with Almirall S.A. to develop AI-designed therapeutics for dermatological diseases. Absci will use its generative AI technology to create treatments for two targets, with potential earnings of up to $650 million in royalties and milestone payments.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:19 am

CMCL

Caledonia Mining (AMEX:CMCL) reported a decrease in Q3 adjusted EPS to $0.33, down from $0.61 YoY, despite a 14.92% increase in sales to $41.19M from $35.84M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:14 am

EWU

The U.K. reported a Claimant Count Change of 17.8K for October, exceeding the estimated 15.0K and higher than the revised prior figure of 9.0K. This indicates a rise in the number of individuals claiming unemployment benefits.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:11 am

IPHA

Innate Pharma reported a decrease in revenue for the first nine months of FY23 to €36.5M from €44.3M in the previous year. The company's cash, cash equivalents, and financial assets totaled €121.9M, while financial liabilities were at €40.3M. The revenue primarily came from collaboration and licensing agreements with AstraZeneca, Sanofi, and Takeda.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:49 am

CPA

Copa Holdings reported a 12% increase in capacity (ASM) and a 10.2% rise in passenger traffic (RPM) for October 2023 compared to the same month in 2022. However, the load factor slightly decreased by 1.4 percentage points to 87.6%.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:30 am

AMZN

Amazon Inc. (NASDAQ:AMZN) is refocusing its gaming strategy to prioritize delivering free games through Prime Gaming, resulting in the elimination of over 180 jobs and the shutdown of Crown Channel and Game Growth initiatives. The company is also concentrating on upcoming game launches such as 'Throne and Liberty' and 'Blue Protocol', as well as future projects like 'Tomb Raider' and 'The Lord of the Rings' games. This follows previous layoffs in the video-game division and broader company layoffs due to slow online sales growth and recession concerns.

Portfolio Pulse from Ananya Gairola

November 14, 2023 | 4:24 am

TSLA

Tesla Inc (NASDAQ:TSLA) has increased the prices of its Model 3 and Model Y rear-wheel drive (RWD) versions in China. The Model 3 RWD price rose by 1,500 yuan, while the Model Y RWD saw a 2,500 yuan hike. Other variants and models' prices remain unchanged. Despite the increase, the Model Y RWD is still cheaper than its October 2022 price. The price adjustments follow recent hikes for the Model 3 and Model Y Long Range versions in China.

Portfolio Pulse from Anan Ashraf

November 14, 2023 | 2:35 am

CBWTF

Auxly Cannabis Group Inc. (OTCQB:CBWTF) reported a 42% increase in net revenues for Q3 2023, amounting to CA$28.2 million. The company swung to a net profit of CA$32.6 million from a net loss of CA$60.1 million in the same period last year. Adjusted EBITDA was positive at CA$117,000, and selling, general, and administrative expenses decreased by CA$1.5 million. CEO Hugo Alves attributed the improved results to operational focus, cost reduction, and improved profitability measures.

Portfolio Pulse from Jelena Martinovic

November 14, 2023 | 12:11 am

SBIG

SpringBig Holdings, Inc. (OTCQX:SBIG) reported its Q3 2023 financial results, showing a 13% YoY increase in subscription revenue but a 5% decline in overall revenue. The company reduced its Adjusted EBITDA loss to $0.9 million from $3.4 million the previous year and cut its net loss to $2.7 million from $3.1 million. Gross profit margin remained strong at 77%. Operational highlights include adding 89 new clients and launching a new subscription-based VIP loyalty program. CFO Paul Sykes aims for positive Adjusted EBITDA in Q4 and notes a 40% reduction in operating expenses. SBIG's stock fell 8.47% to $0.175 per share.

Portfolio Pulse from Joana Scopel

November 13, 2023 | 11:24 pm