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ARE

Alexandria Real Estate Equities, Inc. (ARE) has accelerated the delivery of Moderna's new 462,100 RSF HQ and R&D Center at 325 Binney Street, Cambridge. The state-of-the-art facility, set to deliver in November 2023, will support Moderna's growth and its pipeline of mRNA medicines. The project is expected to significantly contribute to Alexandria's incremental annual net operating income (NOI) commencing in 4Q23. Alexandria received the Cambridge Chamber of Commerce's 2023 Visionary Award for developing this sustainable facility.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:42 pm

OMH

Ohmyhome reported 1H revenues of S$2.2M, a decrease from S$3.4M YoY.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 12:35 pm

YTEN

Yield10 Bioscience, Inc. (NASDAQ:YTEN) has completed the harvest of a majority of the winter and spring Camelina grain produced under grower contracts in 2022/2023. The harvested grain is being delivered to an offtake partner for biofuel production, marking the establishment of the company's 'Camelina Seed Genetics to Biofuel' platform. This has allowed Yield10 to start generating revenue from Camelina grain delivery for the production of feedstock oil for sustainable transportation fuels. The company expects the revenue stream from sales of Camelina grain to be a significant contributor to its financial profile in the future.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:34 pm

BRQS

Borqs Technologies, Inc. (NASDAQ:BRQS) is expanding its Internet of Things (IoT) device business in Africa, with potential annual sales of $30M. The company is developing smart IoT devices, primarily mobile phones, for the African market in partnership with a global financing company. The devices will be leased to local users through a local leasing company. The project could produce about 500,000 units per year.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:32 pm

CNK

Cinemark has announced that domestic pre-sales for the 'Taylor Swift I The Eras Tour Concert Film' are over 10 times higher than any other cinema engagement event.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 12:18 pm

JCSE

JE Cleantech reported a 22.5% increase in its 1H revenue, reaching $6.5M.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 12:10 pm

ENVX

Enovix Corporation (NASDAQ:ENVX) has announced a strategic realignment of its Fab1 facility in Fremont, shifting its focus from manufacturing to innovation. This move will result in a workforce reduction of approximately 185 personnel, including over 125 contractors, and is expected to save the company around $22 million annually. Due to this shift, Enovix cut off production at approximately 24,000 small cell units in Q3 2023, less than its guidance of 36,000 cells, but expects to recognize approximately $200,000 of total revenue.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 11:41 am

RNLX

Renalytix has announced that the Centers for Medicare & Medicaid Services has published the price for the company's FDA-authorized KidneyIntelX.DKD test on the Nationwide Clinical Laboratory Fee Schedule at $950.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 11:12 am

KITT

Nauticus Robotics has agreed to acquire underwater laser LiDAR technology pioneer, 3D at Depth, for approximately $34M in stock. The transaction is expected to be accretive to Nauticus' 2024 revenue per share, earnings per share, and cash flow per share. In 2022, 3D generated $9.8 million of revenue with a gross profit margin over 60%, and is projected to grow revenue by more than 20% in 2023. Nauticus will also assume about $4.1 million of 3D's debt.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 10:03 am