Streetbeat News

Revenues

RGF

Real Good Food Company, Inc. (NASDAQ:RGF) reported record dollar sales of $8.9m in the four-week period ending August 13th, 2023, representing a 29% growth YoY. The company's core products, including Entrée and Breakfast items, grew by 46% over the same period. The overall Frozen category was flat at 0.1% over the four-week period, while the Health & Wellness Frozen Food subcategory, which includes brands like Real Good Foods, grew by 6.6%.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 1:12 pm

PPSI

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has received purchase orders worth $7 million in August for its E-Bloc distributed generation solution and other related equipment. The orders are from various customers and are scheduled for delivery starting in Q2 2024. The company's CEO, Nathan Mazurek, expressed confidence in the company's growth and operating leverage.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:36 pm

IMAX

IMAX Corporation announced that the film 'Oppenheimer' has reached $170 million in global box office across its network, making it the fifth highest grossing IMAX release of all time. The film had a strong debut in China, where the IMAX network took in $10.2 million, accounting for 30% of the opening weekend box office on less than 1% of Chinese screens. 'Oppenheimer' is now the biggest IMAX opening of a Hollywood film in China this year.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:34 pm

FAMI

Farmmi, Inc. (NASDAQ:FAMI), a Chinese agriculture products supplier, announced that one of its new customers shipped a high-volume order of dried Shiitake mushrooms to Chile. The company aims to expand its presence in emerging markets and leverage its customers' local sales and distribution networks.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:06 pm

ICCM

IceCure Medical Ltd. (NASDAQ:ICCM) has received regulatory approval from the Brazilian Health Regulatory Agency for its ProSense Cryoablation System. The company expects $6.6 million in sales in the Brazilian market over the next five years. The ProSense system is a minimally-invasive cryoablation technology that destroys tumors by freezing as an alternative to surgical tumor removal. The approval is expected to translate into near-term revenues due to strong demand in Brazil, which has an urgent need for minimally invasive cancer treatments.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:06 pm

WBD

Warner Bros. Discovery (WBD) has revised its FY23 guidance due to ongoing WGA and SAG-AFTRA strikes. The company expects adjusted EBITDA to be negatively impacted by $300M-$500M, but raises its free cash flow expectations to at least $5B, partly due to Barbie's strong performance. WBD also expects Q3 free cash flow to exceed $1.7B.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 11:49 am

META

NFLX

UBER

Facebook, now Meta Platforms, Inc (NASDAQ:META), is seeking to monetize WhatsApp, a messaging app it acquired nearly a decade ago. WhatsApp has over 2 billion users and Meta aims to transform this user base into a significant source of revenue. The company is focusing on attracting more large businesses to use WhatsApp for customer interactions. In India, consumers use WhatsApp to book Uber Technologies, Inc (NASDAQ:UBER) rides and get Netflix Inc (NASDAQ:NFLX) recommendations. However, the actual value of WhatsApp to Meta remains uncertain.

Portfolio Pulse from Anusuya Lahiri

September 05, 2023 | 11:44 am

GILD

MGNX

Gilead Sciences has nominated the first of two research programs, leveraging Macrogenics' DART and TRIDENT platforms for generating bispecific antibodies. This triggers a milestone payment of $15M to Macrogenics.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 11:07 am

FRGT

Freight Technologies has reported a 60.8% year-to-date increase in active carriers in its Fr8Fleet brand at the end of August 2023 compared to the same period last year. This also represents a 55.7% increase compared to the average capacity levels through August.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 10:37 am

BKR

Venture Global LNG and Baker Hughes Company (NASDAQ:BKR) have expanded their master equipment supply agreement for additional liquefaction train systems and power island systems for Venture Global's future LNG export projects. This aligns with Venture Global's plan to increase production from 70MTPA to over 100MTPA. Baker Hughes, which recently reported a 2Q FY23 revenue increase of 25.1% YoY to $6.32 billion, will provide the same technology solutions it supplied to the Calcasieu Pass LNG facilities to the under-construction Plaquemines LNG facility.

Portfolio Pulse from Shivani Kumaresan

September 05, 2023 | 9:46 am