Streetbeat News

Revenues

ABL

Abacus Life reported a year-over-year increase in Q2 total revenue results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 3:45 pm

F

Ford's CEO has announced that new services will be the fastest-growing revenue source for the company, with 'enormous margins'. The company's new digital architecture will be released in 2025 and will not be limited to electric vehicles (EVs), but will also be implemented on the F-150 model.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 2:42 pm

OKTA

Goldman Sachs analyst Gabriela Borges has upgraded Okta Inc (NASDAQ:OKTA) to Buy from Sell and increased the price target to $91 from $77. Borges expects Okta's cRPO and ARR to accelerate back to the 15%-20% range following deceleration in the past quarters. The analyst also projects a 23% CAGR for Okta's customer IAM business from 2023-2026, contributing to 10 points of total revenue growth. However, Borges anticipates headwinds related to layoffs and pressurized monthly active users to impact NRR through H2 FY23.

Portfolio Pulse from Lekha Gupta

August 14, 2023 | 2:41 pm

ARCT

Arcturus Therapeutics' joint venture mRNA manufacturing partner, ARCALIS, has won $115M in grants from the Japanese government. Additionally, the LUNAR-FLU collaboration with CSL Seqirus has achieved an additional $17.5 million development milestone.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:09 pm

MYSZ

My Size (NASDAQ:MYSZ) reported Q2 sales of $1.29 million, a 61.05% increase from $801.00 thousand in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:09 pm

MNDY

Monday.com Ltd (NASDAQ:MNDY) reported Q2 2023 revenue growth of 42% Y/Y to $175.7 million, beating the consensus of $169.2 million. The net dollar retention rate was over 110%, and the number of paid customers with over $50,000 in annual recurring revenue rose 63% Y/Y. The company also reported a non-GAAP operating margin of 9% and non-GAAP EPS of $0.41. The company raised its 2023 revenue guidance to $713 million-$717 million and expects an adjusted operating income of $24 million-$28 million.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 1:06 pm

BNMV

BitNile Metaverse, Inc. (NASDAQ:BNMV) announced the expansion of its social gaming experience on its platform, BitNile.com, with the launch of Blackjack on September 1, 2023. The company expects the popular casino game to increase revenue from the sale of in-world coins required to play the game. BitNile Metaverse previously introduced social gaming with the release of roulette and plans to add more games in the future.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 1:02 pm

TANH

Tantech Holdings Ltd (NASDAQ: TANH) announced that its subsidiary, Shangchi Automobile Co., Ltd., has signed a contract to export 20 school buses to Ecuador. This is the fourth order of school buses from Ecuador. The order represents a significant business opportunity for Tantech to expand its market presence and generate revenue.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 1:01 pm

AAPL

FXCOF

Apple Inc.'s key supplier, Foxconn Technology Co. Ltd., predicts a decline in iPhone demand in 2023, which could lead to a weak holiday season for Apple. This is due to an expected slowdown in the global smartphone industry. Apple is expected to see a 2% decline in iPhone revenue in September, the largest fall since 2016. However, Apple might offset some of this impact with an expected $100 increase in iPhone 15 Pro and iPhone 15 Pro Max prices.

Portfolio Pulse from Rounak Jain

August 14, 2023 | 12:46 pm

RSSS

Research Solutions has reported preliminary Q4 revenue of $10M, surpassing the estimated $9.67M. The company's FY23 revenue is also higher than expected at $37.7M, compared to the estimated $37.41M.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 12:45 pm