Streetbeat News

Revenues

SMRT

SmartRent has projected its FY23 revenue to be between $235M and $240M, which is slightly below the estimated $241.93M.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:58 pm

CMT

Core Molding Technologies (CMT) anticipates a return to historical seasonality and customer de-stocking in Q4, along with the impact of UAW strikes at customer locations, which is expected to result in sales declines of 15%-20% from Q4 2022. The company targets gross margins in the 17.5% to 18.5% range for fiscal year 2023, and full-year revenues may be down 5% to 10% compared to fiscal year 2022.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:57 pm

GBTG

Global Business Travel Group (GBTG) has projected its FY23 revenue to be between $2.25 billion and $2.28 billion, which is in line with the estimated $2.27 billion.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:55 pm

GBTG

Global Business Travel Group (GBTG) projects its Q4 revenue to be between $535M and $550M, which is in line with the estimated $549.45M.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:55 pm

NYAX

Nayax has reaffirmed its FY23 revenue outlook on a constant currency basis to be in the range of $235M-$240M, representing a YoY growth of at least 35%. The company also expects operating expenses to remain flat from Q4 2022 and has revised its adjusted EBITDA to a range between $4M-$7M in FY 2023. The outlook is based on continued execution of strategic growth plans, strong customer demand, and stable macroeconomic conditions.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:54 pm

SOPH

SOPHiA GENETICS has reaffirmed its FY23 full-year reported revenue growth at or above 30%. The company also expects full-year constant currency revenue growth, excluding COVID-19-related revenue, to be between 30% and 35%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:48 pm

SEAT

Vivid Seats has increased its FY23 revenue forecast from $630M-$650M to $685M-$705M, surpassing the estimated $643.41M.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:43 pm

MMAT

Meta Materials Inc (MMAT) plans to streamline its operations by focusing on three core business lines and spinning off other business lines. The company also intends to eliminate redundancies, including overhead and non-essential workforce, expecting to save approximately $20M-$30M annually. The restructuring is aimed at capturing and preserving additional capital for expenses and R&D focused on core products.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:42 pm

SGE

Strong Global Entertainment, Inc. (NYSE:SGE) has acquired Innovative Cinema Solutions, LLC (ICS), a provider of technical services and solutions to national cinema chains. ICS, which recorded $6 million in revenue in 2022, will be integrated into SGE's subsidiary, Strong Technical Services, Inc. The acquisition is expected to add meaningful revenue and scale to SGE's operations.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:37 pm

NAOV

NanoVibronix, Inc. (Nasdaq: NAOV) announced that its UroShield actuators are eligible for reimbursement on NHS Prescription Services' Drug Tariff effective November 1. The company has received a stocking order from its U.K. distribution partner, Peak Medical Limited, in anticipation of increased demand. The Drug Tariff provides for full reimbursement of UroShield actuators by the NHS, allowing clinicians to prescribe the products.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:36 pm