Streetbeat News

Revenues

BBCP

Concrete Pumping Holdings has updated its fiscal year 2023 outlook, now expecting revenue of approximately $440.0 million, Adjusted EBITDA of $125.0 million, and free cash flow of $70.0 million. This is slightly above the previous estimate of $438.23 million.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 8:22 pm

BRDS

Bird Global, Inc. (NYSE:BRDS) reported strong ridership results for the 2023 summer season, with nearly 16 million miles clocked by riders, equivalent to circling the earth over 600 times. The company provided its micromobility solutions to over 2.3 million unique riders across 350+ cities, equating to more than 11 million total rides. Bird also added 1.2 million new riders to its platform.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 8:20 pm

PL

Planet Labs PBC has provided its financial outlook for Q3 and FY24, expecting revenues of $54M-$56M and $216M-$223M respectively, both lower than estimates. The company also expects Non-GAAP Gross Margin of 50%-52% for Q3 and 52%-54% for FY24. Adjusted EBITDA loss is projected to be $15M-$13M for Q3 and $63M-$55M for FY24. The outlook excludes charges associated with recent headcount reduction.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 8:19 pm

AOUT

American Outdoor Brands has projected that its net sales for fiscal 2024 could surpass fiscal 2023 net sales by as much as 3.5%.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:13 pm

RH

RH has raised the lower end of its FY24 revenue guidance from $3.04B to $3.1B, against an estimate of $3.07B. The company expects Q3 revenue to be between $740M-$760M, lower than the estimated $772.87M, and Q4 revenue to be between $760M-$800M. The company also anticipates increased advertising costs of approximately $50M in Q3 2023.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 8:12 pm

ASPS

Altisource reported a total revenue of $12 million for July 2023, with service revenue accounting for $11.1 million. The company also reported a net loss of $4.1 million and an adjusted EBITDA of $0.1 million.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 8:02 pm

KRMD

B. Riley has initiated coverage of KORU Medical Systems Inc (NASDAQ:KRMD) with a Buy rating and a price target of $4.50. The company's Freedom Infusion System, which allows patients to self-administer subcutaneous immunoglobulin (SCIg) therapy, is expected to drive a 20% compound annual growth rate in its top-line revenue through 2026. The system is poised to tap into a market opportunity exceeding $2 billion.

Portfolio Pulse from Vandana Singh

September 07, 2023 | 6:27 pm

SPR

Spirit Aerosystems' CEO announced at the Jefferies Industrial Conference that the company is aiming to maintain its cash burn at a range of $200M-$250M, following the receipt of $150M in cash advances from customers.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 6:21 pm

TSM

Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NASDAQ:TSM) have fallen by approximately 2.9% due to concerns over rate hikes and China's crackdown on iPhones. TSMC, a key supplier for Apple, could face revenue impacts if the ban on iPhones in critical Chinese government sectors affects Apple's sales and product demand in China.

Portfolio Pulse from Henry Khederian

September 07, 2023 | 6:19 pm

UBER

Uber CEO announced at the Goldman Sachs Conference that about 13% of Uber Eats users have ordered groceries, marking a year-over-year increase of about 300 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 6:16 pm