Streetbeat News

Revenues

UAL

United Airlines Holdings is preparing for a record-breaking Labor Day holiday with nearly 2.8 million customers expected to fly. The company's bookings for international travel over the Labor Day holiday period are up 35% compared to 2019 and up 29% compared to last year.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 4:30 pm

CRTO

OMC

Criteo SA (CRTO) and Omnicom Group Inc (OMC) have expanded their commerce data partnership to include digital shelf data and insights. The deal aims to provide more transparency into the digital shelf, helping brands optimize their retail media strategies and boost online sales. CRTO recently reported a Q2 2023 revenue increase of 12% Y/Y to $240.22 million.

Portfolio Pulse from Lekha Gupta

August 24, 2023 | 2:21 pm

BURL

Burlington Stores has lowered its full-year sales guidance due to economic pressures on lower-income shoppers, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 2:12 pm

LFSWF

Lifeist Wellness Inc. has announced the continued growth of its in-house cannabis concentrate brand Roilty and the expansion of Rilaxe Cannabis across Canada. The company has also moved to a direct-to-retailer distribution model in Saskatchewan. This move allows for more control over product launches, lifecycle management, and inventory controls, creating more nimble pricing and distribution for an enhanced customer experience.

Portfolio Pulse from Vuk Zdinjak

August 24, 2023 | 2:06 pm

SOTK

Sono-Tek Corporation (NASDAQ:SOTK) has provided revenue guidance for Q2 ending August 31, 2023, and the full fiscal year ending February 29, 2024. The company expects Q2 revenue to be $15M and anticipates a revenue growth of at least 25% for the full fiscal year. The company's CEO, Dr. Christopher L. Coccio, will transition to Executive Chairman at the end of the calendar year. The company's strong balance sheet, focus on major areas of global importance, and strategic opportunities are expected to drive future growth.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 1:29 pm

SOS

SOS Limited has expanded its Texas mining and hosting centre and signed a hosting agreement with BITMAIN. The total number of hosting mining rigs is now 6,000 units, delivered in two batches of 3,000. This agreement is expected to generate $1M in monthly revenue.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 1:11 pm

SLGWF

SLANG Worldwide Inc. reported a 14.5% YoY decrease in Q2 2023 revenue, with a total of CA$8.44 million. The company's gross profit also declined by 3.3% to CA$4.4 million, while its adjusted EBITDA was negative CA$762,000. However, SLANG's gross margin improved to 52% from 43% in Q2 2022. The company also highlighted its new high-margin products and efforts to reduce operating expenses and streamline operations.

Portfolio Pulse from Vuk Zdinjak

August 24, 2023 | 12:53 pm

DRIO

DarioHealth Corp. (NASDAQ:DRIO) announced new research demonstrating the effectiveness of its digital health solutions in improving health outcomes for diabetes patients over a two-year period. The study, presented at the ADCES23 Annual Conference, analyzed data from 119,482 Dario members and found a 29% improvement in user engagement over two years, correlating with reductions in high-blood glucose reading ratios and monthly average glucose for high-risk diabetes patients.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 12:38 pm

VRCA

Verrica Pharmaceuticals has announced its first sale of YCANTH to FFF Enterprises. This marks a significant milestone for the company as it begins to generate revenue from its product.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 12:35 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) has secured a two-year contract with the Tennessee Valley Authority (TVA) to supply a range of EV charging solutions for public and commercial fleet applications. This follows Blink's Q2 2023 earnings release, which saw total revenues increase to nearly $33 million for the quarter. The company also raised its 2023 revenue target from $100 - $110 million to $110 - $120 million.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 12:28 pm