Streetbeat News

Revenues

DSX

Diana Shipping has announced time charter contracts for M/V Newport News with NYK Line and M/V Ismene with Paralos Shipping. The gross charger rate is $20K/day with a 5% commission until March 10, 2025, with a maximum extension until June 10, 2025.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 1:30 pm

SCLX

Scilex Holding Company reported that its net sales for ZTlido in August were between $4.4M and $4.8M, marking a 10-20% increase year-over-year.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 1:10 pm

AEY

ADDvantage Technologies' subsidiary has secured contracts worth $4M in its broadband division. The contracts are expected to boost the company's revenues and strengthen its position in the broadband market.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 1:04 pm

COWZ

HES

UBER

XLU

On CNBC's 'Halftime Report Final Trades', Bryn Talkington of Requisite Capital Management recommended Pacer US Cash Cows 100 ETF (COWZ), Stephen Weiss of Short Hills Capital Partners recommended Uber Technologies, Inc. (UBER), Jason Snipe of Odyssey Capital Advisors recommended Hess Corporation (HES), and Shannon Saccocia of Boston Private recommended Utilities Select Sector SPDR Fund (XLU). Uber is developing a service similar to TaskRabbit, and Hess reported Q2 revenues of $2.32 billion, beating the consensus of $2.09 billion.

Portfolio Pulse from Priya Nigam

September 11, 2023 | 12:51 pm

NVDA

SFTBF

SFTBY

Arm Holdings Ltd., a British chip designer backed by Softbank Group Corp, is considering increasing its IPO price range after its share sale was subscribed sixfold. The company initially filed for its IPO at $47 - $51 a share, valuing it at $54.5 billion. The final pricing of the IPO is expected on Wednesday, with trading starting on Thursday. Arm expects revenue growth of 11% in its current fiscal year and an increase in the mid-20% range in fiscal 2025.

Portfolio Pulse from Anusuya Lahiri

September 11, 2023 | 12:41 pm

XPEV

Shares of Xpeng are trading higher due to strong electric vehicle sales in China for the month of August.

Portfolio Pulse from Luke J Jacobi

September 11, 2023 | 12:08 pm

RCAT

Red Cat Holdings Inc. (RCAT) has projected its Q2 FY24 revenue to be $3M, which is lower than the consensus estimate of $6M. The company also expects Q3 revenues to be around $5M. This outlook is backed by approximately $6M in signed purchase orders expected to be fulfilled by the end of the fiscal third quarter. Additional purchase orders are anticipated over the next 45 days due to the current seasonally strong period of federal budget activity.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:47 am

RCAT

Red Cat Holdings Inc. reported Q1 FY24 revenue of $1.75 million, which was entirely generated from its enterprise division, specifically from its Teal Drones subsidiary.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:43 am

QIPT

Quipt has announced a multi-state acquisition that is expected to add approximately $9M in annualized revenues. The company also anticipates an increase of $2M in adjusted EBITDA post integration.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:37 am

BOWL

Bowlero Corp. has projected its FY24 revenue to be between $1.14 billion and $1.19 billion, which is in line with the estimated $1.14 billion.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:36 am