Streetbeat News

Revenues

NVEI

Nuvei Corporation reported better-than-expected Q3 revenue results and raised its FY23 revenue guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 3:54 pm

FTCI

FTCI expects 4Q23 revenues to be between $18M-$28M, significantly lower than the consensus of $67.63M. The company also anticipates an adjusted gross margin of -7% to 7% and an adjusted EBITDA of -$13M to -$2.5M. However, FTCI remains optimistic about its growth prospects and expects to become profitable in 2024.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:41 pm

AFCG

AFC Gamma has reported its Q3 2023 earnings per share (EPS) at $0.49, down from $0.59 year-over-year (YoY). The company's revenue also decreased to $7.987 million from $11.480 million YoY.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:34 pm

ADDYY

Adidas AG reported a 1% increase in currency-neutral revenues for Q3 FY23 to €5.999 billion, driven by growth in all regions except North America. The second product drop of Yeezy inventory generated revenues of around €350 million in Q3. Footwear revenues grew 6% on a currency-neutral basis, while apparel sales declined 6%, and accessories revenues were down 3%. The company's operating profit amounted to €409 million with an operating margin of 6.8% versus 8.8% a year ago. Inventories are now down 23% to €4.849 billion versus €6.315 billion last year. For FY23, Adidas expects currency-neutral revenues to decline at a low-single-digit rate.

Portfolio Pulse from Shivani Kumaresan

November 08, 2023 | 1:31 pm

BMRA

Biomerica is expanding the reach of its inFoods IBS product with the addition of several new GI groups. The company is on track for a national rollout of the product in 2024 and expects strong product revenue growth during this period. They have also hired a new Vice President of Sales and National Accounts along with the first set of regional sales representatives.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:21 pm

JNVR

LRHC

La Rosa Holdings Corp. (LRHC) has entered into a strategic referral partnership with Janover Inc. (JNVR). The partnership will introduce La Rosa to clients that need commercial real estate brokers, providing new tools to facilitate commercial loans and generating a new revenue stream for La Rosa's brokers and the company. La Rosa recently launched its own AI system, JAEME, to drive marketing, efficiency, and sales. Janover's AI-enabled platform is expected to improve loan outcomes for borrowers and create more competitive loan terms.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:16 pm

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