Streetbeat News

Revenues

MSGS

Madison Square Garden Sports Corp (MSGS) shares are trading lower due to mixed Q4 results and a decline in revenues.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 2:16 pm

AMZN

BALL

BILI

CVS

GOOG

LNVGY

MSFT

NVO

TPR

TSLA

TSN

WMT

WOOF

Blue Shield of California ends its partnership with CVS Health's Caremark and partners with Amazon for at-home drug deliveries. Alphabet's Verily Life Sciences intensifies cost-cutting measures. Microsoft-backed OpenAI acquires Global Illumination. Petco expands partnership with DoorDash. Ball Corp plans to sell its aerospace business. Tesla's autopilot system is under scrutiny again. Novo Nordisk's Wegovy could potentially prevent 1.5 million heart attacks and strokes over ten years. Tyson Foods plans to divest its China poultry business. Walmart and Bilibili report strong Q2 earnings while Tapestry and Lenovo miss estimates.

Portfolio Pulse from Vandana Singh

August 17, 2023 | 1:38 pm

NRXS

NeurAxis, Inc. (NYSE American: NRXS) announced it has generated over $8 million in revenue from its proprietary IB-Stim™ technology. The sales began after the company received FDA clearance for the technology in the pediatric treatment of functional abdominal pain and irritable bowel syndrome. The company is also conducting clinical trials for four additional pediatric indications.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:17 pm

Planet Labs PBC (NYSE:PL) has won a seven-figure annual contract with a Ministry of Foreign Affairs in Asia for its global daily monitoring solution. The contract was won through one of Planet's partners in the region. The company's solution provides wide-area coverage, supporting customers with daily monitoring of entire countries.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:15 pm

MYSZ

MySize, Inc. (NASDAQ:MYSZ), an AI-driven measurement solutions provider, has helped Spanish fashion brand La Garrocha improve its business metrics through the use of its innovative apparel sizing tool, Naiz Fit. The tool has led to better inventory management, increased customer conversions, and higher sales for La Garrocha. Customers using Naiz Fit were 127% more likely to complete a purchase, contributing to nearly $654,000 in purchases over the past two years.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:07 pm

AYRWF

AYR Wellness Inc. reported Q2 2023 financial results, showing a 0.8% sequential decrease and 18% YoY increase in revenue to $116.7 million. The company also reported a gross profit of $56.6 million, an operating loss of $4.5 million, and a net loss of $30.6 million. The company plans to accelerate cash generation via its 2023 optimization plan and grow its footprint in Florida, New Jersey, Ohio, Illinois, and Connecticut.

Portfolio Pulse from Jelena Martinovic

August 17, 2023 | 1:07 pm

GDYN

Grid Dynamics has announced a partnership with Blue Yonder to support joint commerce customers and expand its supply chain service portfolio. This partnership will enable clients to better predict, prevent, and resolve supply chain disruptions. It also opens new revenue stream opportunities for Grid Dynamics and supports its GigaCube growth strategy.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 12:51 pm

WMT

Walmart CEO, McMillon, has expressed optimism for the upcoming holiday season, citing strong back-to-school sales as a positive indicator.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 12:50 pm

BLIN

Bridgeline Digital, Inc. (NASDAQ:BLIN), a marketing software service provider, has renewed its enterprise-level agreement with a leading US printing and marketing company. The contract, worth $94k over a 12-month period, will continue to leverage Bridgeline's online franchise solution, TruPresence, to drive the printing company's online reach across its 300+ local business centers.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 12:40 pm

ROMJF

Rubicon Organics Inc. reported its Q2 2023 financial results, showing a record net revenue of CA$11.3 million ($8.37 million), up by 28% YoY. The company also reported a significant reduction in net loss, positive Adjusted EBITDA for the fifth consecutive quarter, and positive operating cashflow for the fourth consecutive quarter. The company expects to see increased supply from partnerships and aims to achieve positive free cashflow for the full year.

Portfolio Pulse from Nina Zdinjak

August 17, 2023 | 12:23 pm