Streetbeat News

Revenues

AULT

Ault Alliance has provided a business update to its stockholders, reaffirming its anticipation of $200M in annual revenue for FY23. As of June 30, 2023, the company's total assets were approximately $378M, with total liabilities of $255M and stockholder equity of $122M.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 10:42 am

BA

Boeing Co (NYSE:BA) predicts that China will require 8,560 new commercial airplanes through 2042 due to economic growth and increasing demand for domestic air travel. China's commercial airliner fleet is expected to more than double to nearly 9,600 jets over the next 20 years, accounting for one-fifth of the world's airplane deliveries. China's domestic aviation market is expected to be the largest in the world by the end of the forecast period, generating demand for $675 billion in aviation services.

Portfolio Pulse from Shivani Kumaresan

September 20, 2023 | 10:32 am

PARA

Paramount+ is expanding its premium streaming service to Japan in partnership with J:COM and WOWOW Inc. This move is expected to increase the reach of Paramount+ and potentially boost its revenues.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:17 am

SEZL

Sezzle's total income for August 2023 increased by 44.3% YoY to $14M, and by 11.7% MoM. The income as a percentage of Underlying Merchant Sales (UMS) also increased by 188 bps YoY to 8.7%. Sezzle recorded a GAAP Net Income and Adjusted EBITDA of $0.6M and $2.4M respectively. As of August 31, 2023, Sezzle had $60.7M in cash, with $71.7M drawn from its $100M credit facility. Active subscribers for Sezzle Premium and Anywhere exceeded 210,000 as of September 19, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 5:39 am

TPC

Perini Management Services has secured a $47M project for a new visitor center in Everglades National Park, Florida. The company is a subsidiary of Tutor Perini Corporation (TPC).

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 9:12 pm

RCAT

Red Cat Holdings has projected its Q3 revenue for the enterprise segment to be $5M.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:10 pm

RCAT

Red Cat Holdings has projected its Q2 revenue for the enterprise segment to be $3M.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:10 pm

BRDS

Bird Global, Inc. (NYSE:BRDS) has acquired shared electric bike and scooter operator Skinny Labs, Inc, (doing business as Spin) from Berlin-based TIER Mobility for $19 million. The acquisition makes Bird the largest micromobility operator in North America by market share. Spin delivered approximately $45 million in net revenue for the 12 months ended June 30, 2023, bringing the combined net revenue for Bird and Spin to approximately $265 million for that period. The transaction is expected to have upwards of $20 million in synergies and be immediately accretive to earnings for Bird.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 6:44 pm

GMED

Stifel analyst Mathew Blackman has upgraded Globus Medical, Inc. (GMED) to Buy from Hold, lowering the price target to $61 from $65. Despite the pessimistic market sentiment following the NUVA transaction, Blackman believes GMED is a 'best-in-class' Spine company and should get more credit. He also raised the revenue estimate for FY23 and FY24. GMED shares are trading higher by 3.03%.

Portfolio Pulse from Nabaparna Bhattacharya

September 19, 2023 | 6:16 pm

ALRM

Roth MKM analyst Darren Aftahi reiterated a Buy rating on Alarm.Com Holdings, Inc. (NASDAQ:ALRM), raising the price target to $67 from $61. The analyst conducted a Mid-Q survey, suggesting a 170 bps upside to the core SaaS growth estimate of 5.6%, implying ~12.3% y/y growth. ALRM has reported 1H23 SaaS growth of 13.4% and 14.1%, respectively. The analyst expects FY23 revenues of $876.5 million, with EPS of $1.70, and FY24 revenues of $929.4 million, with EPS of $1.76.

Portfolio Pulse from Nabaparna Bhattacharya

September 19, 2023 | 5:40 pm