Streetbeat News

Revenues

RBLX

Roblox Corporation reported Q3 revenue of $713.2M, up 38% YoY, and bookings of $839.5M, up 20% YoY. The company also reported an increase in average daily active users (DAUs) to 70.2M, up 20% YoY.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:03 pm

VCEL

Vericel has increased its 2023 revenue guidance from $190M-$197M to $192.5M-$197.5M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:59 pm

AKBA

Akebia Therapeutics has reaffirmed its FY23 net product revenue guidance for Auryxia at $170M - $175M. The Q3 net product revenue for Auryxia was $40.1M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:42 pm

ARBE

Arbe Robotics has reiterated its FY23 revenue projection in the range of $5M-$7M, compared to the $6.02M estimate. The company also projects its adjusted EBITDA to be in the range of ($32M)-($35M).

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:36 pm

RCAT

Red Cat's subsidiary, Teal Drones, has been selected for a $750K manufacturing modernization grant from the State of Utah. This grant will likely be used to enhance Teal Drones' manufacturing capabilities and expand its operations.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:36 pm

PAYO

Payoneer Global has reiterated its FY23 revenue guidance of $820M-$830M, which is in line with the estimated $829.43M. The company also expects transaction costs to be around 14.5% of revenue and adjusted EBITDA to be between $195M and $205M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:35 pm

SRDX

Surmodics has projected its total revenue for FY24 to be between $116M-$121M, which is slightly above the $115.52M estimate. However, this represents a decrease of 9%-13% compared to FY23.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:26 pm

TEF

Telefonica SA is on track to meet its FY23 guidance with expected revenue growth of around 4% and OIBDA growth of approximately 3%. The CapEx to sales ratio is projected to be around 14%.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:24 pm

INVZ

Innoviz Technologies has reiterated its FY23 revenue outlook of $15M-$20M, against an estimate of $17.19M. The company also expects Q4 2023 revenue to be between $9M-$14M, compared to an estimate of $11.8M. Other financial targets for 2023 include 1-3 additional programs with existing customers, 2 new series production awards with new customers, cash collection from customers in the range of $20-30 million, and net new NRE bookings in the range of $20-70 million.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:18 pm

FXI

TSLA

Tesla exported 43,489 China-made vehicles in October, according to the China Passenger Car Association. This is a significant increase in Tesla's export volume.

Portfolio Pulse from Charles Gross

November 08, 2023 | 12:16 pm