Streetbeat News

Revenues

GMAB

Genmab has updated its 2023 financial guidance, expecting its revenue to be in the range of DKK 15,900M - DKK 16,500M, an increase from the previous guidance of DKK 15,500M – DKK 16,500M. The company's Q3 net profit was DKK 2,129M, down from DKK 2,582M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 4:28 pm

LVO

LiveOne reported a year-over-year increase in new paid memberships by approximately 686,000, marking a 38% increase.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 4:23 pm

LVO

TSLA

LiveOne (LVO) has announced a renewed agreement with Tesla (TSLA) and continued paid membership growth. In October 2023, LiveOne added 50,000 new paid members with an ARPU of $3.00+ per subscriber per month. Year-over-year, new paid memberships increased by approximately 686,000, a 38% increase. Tesla has renewed its agreement for the 10th consecutive year, which includes a paid Slacker membership as part of Tesla's Premium Connectivity Package. Tesla paid members have grown by 15X since LiveOne's acquisition of Slacker in 2017. LiveOne reiterates its guidance for fiscal year 2024 of 800K - 825K new paid members versus the prior fiscal year.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 4:21 pm

PLNT

Planet Fitness reported better-than-expected Q3 financial results and raised its FY23 revenue growth guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 2:36 pm

TASK

TaskUs reported better-than-expected Q3 financial results and issued Q4 and FY23 revenue guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 2:31 pm

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