Streetbeat News

Revenues

TXG

10x Genomics has surpassed 100 shipments of its Xenium Analyzer in the eight months since its launch.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:30 pm

PVH

PVH Corp has projected its Q3 2023 revenue to increase by mid-single digits compared to Q3 of 2022.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 8:19 pm

AMBA

Ambarella, Inc. has provided its Q3 2024 guidance, expecting revenues of around $50 million, which is lower than the estimated $67.6 million. The company's gross margin on a non-GAAP basis is expected to be between 62.0% and 64.0%, with operating expenses between $46.0 million and $49.0 million. The company's cash, cash equivalents, and marketable debt securities at the end of Q2 2024 were $216.5 million. The company's CEO, Fermi Wang, stated that the near-term environment is challenging due to customers reducing their inventory and weak end-market demand.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 8:16 pm

AMWD

American Woodmark has projected a low double-digit year-on-year decline in net sales for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:10 pm

MMAT

Meta Materials has secured a new purchase order worth $2.1M from its G10 central bank customer. This brings the total orders received by META to approximately $16.5M under a multi-year frame agreement with a maximum value of $41.5M over a period of up to five years.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:04 pm

TRUFF

Red Light Holland Corp. (OTCQB:TRUFF) reported a 53.1% increase in quarterly revenue and an 80.9% increase in gross profit for Q1 2024. However, the company also reported a net loss of $1.4 million, up from $1.1 million in the same period in 2022. The company's cash and cash equivalents totaled $12.9 million, down from $13.6 million in March 2023 and $17 million in June 2022. CEO Todd Shapiro expressed confidence in the company's growth strategy and CFO David Ascott stated that the company's financial position remains strong.

Portfolio Pulse from Lara Goldstein

August 29, 2023 | 7:28 pm

SHOP

Roth Capital Partners analyst Darren Aftahi reiterated a Buy rating on Shopify Inc. (NYSE:SHOP) with a price target of $76. The analyst sees slightly better Y/Y business growth for Shopify and believes that the company's Q3 revenue/non-GAAP operating income could be higher than consensus estimates. However, he also cautioned that Shopify operates in a highly competitive space which could negatively impact its business.

Portfolio Pulse from Nabaparna Bhattacharya

August 29, 2023 | 7:11 pm

CNTMF

TIUM

Cansortium Inc. (CSE:TIUM) (OTCQX:CNTMF), a vertically-integrated, multi-state cannabis company operating under the FLUENT brand, reported Q2 2023 financial results. The company saw a 9% YoY revenue increase to $24.4 million, with Florida revenue up by 11% YoY. Adjusted gross profit rose 5% YoY to $15.8 million. However, net loss amounted to $5.35 million, down from $12 million in the prior year's period. The company also announced operational highlights, including new store openings and a headquarters relocation.

Portfolio Pulse from Jelena Martinovic

August 29, 2023 | 4:35 pm

MSFT

Microsoft Corporation has removed the $1 Xbox Game Pass trial ahead of the release of the highly anticipated 'Starfield'. The new pricing for Game Pass is $9.99 for a month on PC, or $10.99 for a month on Xbox, or $16.99 for a month of Ultimate. The removal of the trial is expected to boost Game Pass revenue and subscribers significantly.

Portfolio Pulse from Franca Quarneti

August 29, 2023 | 4:26 pm

NDVAF

Canadian cannabis edibles producer Indiva Limited reported a drop in revenue and gross profit for Q2 2023. The company's gross revenue was $5.9 million, a 21.6% sequential drop and an 8.5% YoY decrease. Net revenue from edible products declined to $6.9 million, down 6.2% from the prior quarter and 5.5% from the prior year. The company attributed the decline to the loss of revenue from its Indiva Life Lozenges and partial revenue loss from the transition to contract manufacturing of Wana gummies.

Portfolio Pulse from Jelena Martinovic

August 29, 2023 | 4:06 pm