Streetbeat News

Revenues

AGBA

AGBA Group Holding Limited has updated its financial projections, taking into account the global slowdown and its impact on Hong Kong's growth trajectory. The Group has adjusted its forecasts and implemented strategic management actions to drive revenue growth and improve platform efficiencies through cost cuts. As a result, AGBA Group expects to deliver a lower loss for the fiscal year 2023 compared to previous forecasts and achieve profitability sooner than anticipated.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 1:16 pm

EJH

E-Home Household Services Holdings Limited (NASDAQ:EJH) has signed property cleaning contracts with Wuhan Lidao Property and Longhu Property, and won a series of electrical maintenance projects. The total value of these contracts and projects is over RMB 22 million. The company's CEO, Mr. Wenshan Xie, sees this as a reflection of the company's strength and a boost to its competitiveness in the market.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 1:10 pm

REX

REX American Resources Corp reported Q2 FY23 net sales and revenue decline of 11.8% Y/Y to $211.98 million, beating the consensus of $195.14 million. The decline reflects a reduction in the quantities sold of ethanol and lower prices for ethanol, dried and modified distillers, grains, and corn oil. Gross profit increased 30.1% YoY to $18.4 million, reflecting lower corn and natural gas pricing. EPS of $0.52 missed the consensus of $0.66. The company announced changes in accounting principles and received COVID-19 relief grants from the U.S.D.A. totaling ~$7.8 million.

Portfolio Pulse from Akanksha Bakshi

August 30, 2023 | 12:56 pm

AVCO

Avalon GloboCare has announced that its new test method is expected to generate revenue in 2023. The company has not provided further details about the test method or its potential impact on the company's overall revenue.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 12:45 pm

SYT

SYLA Technologies Co., Ltd. (NASDAQ:SYT) has announced the sale of a condominium development site in Tokyo, Japan through its subsidiary, SYLA Co. The sale is part of SYLA Co.'s real estate development and management strategy, which includes third-party projects and comprehensive services for condominium development, leasing, and building management. The revenue from this sale has already been included in the consolidated earnings forecast for the fiscal year ending December 31, 2023.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 12:39 pm

SPY

The USA GDP for Q2 has been reported at 2.1%, which is lower than the estimated 2.4%, but higher than the prior 2.0%.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 12:31 pm

SPY

The ADP Nonfarm Employment Change for August was reported at 177K, lower than the estimated 195K and significantly below the prior figure of 324K.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 12:15 pm

SCHN

Schnitzer Steel Industries, Inc., now known as Radius Recycling, announced that its common stock will begin trading under the new ticker symbol 'RDUS' on NASDAQ from September 1, 2023. The change coincides with the start of the company's fiscal year and is part of its rebranding from Schnitzer Steel to Radius Recycling.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 12:08 pm

VRA

Vera Bradley has revised its FY24 revenue outlook to $490M - $500M, down from the previous range of $490M - $510M. The new estimate is slightly below the market expectation of $498.11M.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 12:05 pm

BTCY

Biotricity Inc. (NASDAQ:BTCY), a medical diagnostic and consumer healthcare technology company, reported a record $14 million annualized revenue run rate in August 2023, an increase of over eight percent from the previously announced $13 million run rate. The company's sales growth has been accelerated by better patient outcomes and substantial cost savings, as highlighted in its Corporate Impact Report. The company's Bioflux® cardiac monitoring device identified cardiac events in 4,960 of its 111,552 patients in 2022, leading to early intervention and significant cost savings.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 12:05 pm