Streetbeat News

Revenues

ALAR

Alarum Technologies Ltd. has released preliminary Q3 2023 results, expecting record cashflow from operating activities of over $1.5M and Q3 revenue of $6.6M, compared to an estimate of $5.7M. The company's accumulated revenues for 2023 until the end of Q3 are estimated at $19.3M, surpassing the total revenues of 2022 and representing a 45% increase compared to the same period in 2022. Alarum's cash and cash equivalents balance as of September 30, 2023, is approximately $7.7M.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:53 pm

EEIQ

EpicQuest Education Group International Limited (EEIQ) announced an operations update for Davis College, highlighting progress in international recruitment, collaborative programming, and regulatory approvals. The college has seen a three-fold increase in international student enrollment for the current academic quarter compared to the year-ago period. Davis College has also entered into agreements with Beijing New Oriental Vision Overseas Consulting Co., Ltd. for recruitment and Peking University for a two-year continuing education and training program. The Higher Learning Commission has approved Davis College for all of its education courses and programs offered online.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:48 pm

NSTG

NanoString Technologies Inc (NSTG) shares surged by over 10% following the disclosure of its Q3 FY23 preliminary results and a reorganization plan aimed at accelerating profitability. The company reported a 63% Y/Y revenue growth to over $48 million, surpassing the consensus of $46.26 million. The company also plans to reorganize its R&D and manufacturing departments, which includes cutting about 110 positions and reducing expenses by over $15 million annually.

Portfolio Pulse from Lekha Gupta

October 10, 2023 | 12:21 pm

BHC

Salix Pharmaceuticals, a subsidiary of Bausch Health Companies Inc. (NYSE:BHC), has released its third edition of the Liver Health Trends Report. The report shows a 9% increase in chronic liver disease (CLD) and cirrhosis mortality, making these the ninth leading cause of death in the U.S. in 2021. The report also highlights ongoing disparities in CLD care, including a shortage of liver specialists in rural areas. The report is based on a survey of 400 health care providers, qualitative interviews, and secondary research from peer-reviewed publications.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:11 pm

BHC

Salix Pharmaceuticals, a subsidiary of Bausch Health Companies Inc. (NYSE:BHC), has released its third Liver Health Trends Report, which shows a 9% increase in chronic liver disease (CLD) and cirrhosis mortality in the US in 2021. The report also highlights ongoing disparities in CLD care, including a shortage of liver specialists in rural areas. The report is based on a survey of 400 health care providers, qualitative interviews, and secondary research from peer-reviewed publications.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:10 pm

INTZ

Intrusion Inc. has been awarded a $5 million multi-year agreement by a telecommunications provider to provide support for its data centers with Intrusion Shield.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 12:06 pm

PEP

Pepsico's CFO has indicated that there will be some modest level of price increases in the coming year, according to an interview cited by Reuters.

Portfolio Pulse from Charles Gross

October 10, 2023 | 11:50 am

NEOG

Neogen has reaffirmed its FY24 revenue guidance of $955M-$985M, in line with the consensus of $968.41M. The company also expects its adjusted EBITDA to be in the range of $235M-$255M and capital expenditures to be around $130M, including $100M for the integration of the former 3M Food Safety Division.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:07 am

MIXT

PWFL

PowerFleet, Inc. (NASDAQ:PWFL) and MiX Telematics Limited (NYSE:MIXT) have announced a definitive agreement to merge, forming one of the largest mobile asset IoT SaaS providers globally. The combined business will have a total revenue of $279 million, including $210 million in recurring high-margin SaaS revenue. The transaction is expected to close in Q1 2024, and the combined business will be branded as Powerfleet, listed on Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:07 am

AL

Air Lease Corporation (AL) has announced its Q3 2023 activities, which include the delivery of eight new aircraft from its order book and the sale of eight aircraft for a total of $350 million. The company's fleet now consists of 448 owned and 79 managed aircraft, with 351 new aircraft on order from Boeing and Airbus set to deliver through 2029.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 10:37 am