Streetbeat News

Revenues

PHIN

Phinia has projected its FY23 revenue to be between $3.44 billion and $3.50 billion.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 11:46 am

FRPT

Freshpet has increased its FY23 revenue outlook from $750M to $755M, slightly above the estimated $750.62M.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 11:38 am

GHM

Graham Corporation has reaffirmed its FY24 revenue outlook at $170M - $180M, which is in line with the estimated $177.76M.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 11:36 am

ERJ

Embraer's firm order backlog ended 3Q23 at $17.8B, the highest level in one year, driven by higher sales in commercial aviation.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:32 am

UMC

United Microelectronics (UMC) reported a year-on-year sales decline of 21.17% for October 2023. The company's revenues for the period were NT$19,191,382, down from NT$24,344,264 in October 2022.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 6:44 am

MRMD

Zuanic & Associates initiates coverage of cannabis company MariMed (OTC:MRMD) with an Overweight rating, stating the stock is undervalued compared to its peers. MariMed operates in four states, with significant sales from Illinois, Massachusetts, Maryland, Ohio and upcoming operations in Missouri and Delaware. The company acquired Kind Therapeutics in Maryland in April 2022 and doubled sales with the introduction of recreational cannabis in July 2023. MariMed's FY23 guidance anticipates substantial growth, with sales reaching at least $150 million and an adjusted EBITDA of $32-35 million. The company is expected to become a top 10 multi-state operator by 2025.

Portfolio Pulse from Nicolás Jose Rodriguez

November 05, 2023 | 6:55 pm

GM

General Motors' robo-taxi unit Cruise has enlisted an independent law firm and tech consultants to review its operations following a collision that led to a temporary halt of its self-driving car operations. The company's permit for operating driverless cars was revoked by California authorities due to safety concerns. Despite recent setbacks, GM CEO Mary Barra projects that Cruise could bring in revenues of $50 billion by 2030.

Portfolio Pulse from Nabaparna Bhattacharya

November 04, 2023 | 7:34 pm

CPSI

Computer Programs and Systems (CPSI) has announced a reduction in force that will result in the termination of approximately 2% of the company's workforce. The company expects to realize about $2.4M in annual savings versus current expense levels after the reduction is implemented.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 8:22 pm

KA

Kineta's Q3 2023 earnings per share (EPS) was $(0.46), up from $(1.14) YoY. The company's cash position decreased to $7.6 million from $13.1 million due to clinical trial development and general corporate purposes. However, this was offset by $5.5 million net proceeds from a direct offering and $5.0 million from a Merck milestone payment. Total revenues were zero for Q3 2023, compared to $0.2 million for Q3 2022. R&D expenses decreased, while general and administrative expenses increased due to higher personnel-related costs.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 8:04 pm

KXIN

Kaixin Auto reported a decrease in total net revenues for the first half of 2023, down to $18.9M from $33.3M YoY. However, the company's losses have improved, with a net loss of $4.5M, significantly less than the $70.6M loss in the first half of 2022.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 8:02 pm