Streetbeat News

Revenues

SPY

The Building Permits for the month of August have increased by 6.9%, significantly higher than the prior month's 0.1%.

Portfolio Pulse from Bill Haddad

September 19, 2023 | 12:32 pm

SPY

The number of building permits issued in August was 1.543 million, surpassing the estimated 1.44 million.

Portfolio Pulse from Bill Haddad

September 19, 2023 | 12:31 pm

ISPR

Ispire Technology Inc. (NASDAQ:ISPR) reported a 100.4% YoY growth in revenue from cannabis products, reaching $40 million for the fiscal year 2023. The company's overall revenue increased by 31.2%, driven by the doubling of revenues from cannabis vaping products in the US and a rise in sales of tobacco vaping products in Europe. For the fiscal year 2024, the company projects revenue for cannabis vaping products to be between $80 million and $90 million, representing a growth between 100% and 125% from fiscal year 2023.

Portfolio Pulse from Nina Zdinjak

September 19, 2023 | 12:23 pm

ORA

Ormat Technologies (ORA) has secured a contract with Mercury New Zealand to construct and supply a new 56 MW geothermal power plant. This deal is expected to boost ORA's revenues and strengthen its position in the renewable energy market.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:20 pm

MRNS

Marinus Pharmaceuticals anticipates Q3 2023 net product revenues from Ztalmy (Ganaxolone) to be around $5M-$5.2M. The company is on track to meet its FY23 expected Ztalmy revenues of $17M-$18.5M.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:16 pm

WKSP

Worksport Ltd (NASDAQ:WKSP) has signed a long-term supply agreement with an undisclosed US automotive aftermarket reseller. The company, which manufactures tonneau covers for light trucks, expects to earn an estimated $16 million in annual sales from this deal. Worksport has recently started manufacturing at its Western New York-based facility after receiving orders worth $2.32 million from the same customer. The company plans to enhance its manufacturing capacities by incorporating robotics and automation.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 11:01 am

WKSP

WKSPW

Worksport has signed a long-term agreement with a leading automotive aftermarket reseller for its US factory product. The company expects $16M in annual sales from this deal and anticipates significant growth and demand at its NY factory.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 11:00 am

LGND

Ligand Pharmaceuticals has revised its FY23 revenue outlook from $124M-$128M to $124M-$126M, slightly below the estimated $127.05M.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 9:24 pm

SFIX

Stitch Fix's FY23 active clients have decreased by 13% YoY to 3.297M. Additionally, the net revenue per active client has also dropped by 9% to $497.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:10 pm

SFIX

Stitch Fix has projected its Q1 US net revenue to be between $355M-$365M. The company also forecasts its FY24 US net revenue to be in the range of $1.3B-$1.37B.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:08 pm