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Revenues

ATHE

Alterity Therapeutics Limited has received a A$4.74 million cash refund from the Australian Taxation Office under the Australian Government’s Research and Development Tax Incentive Scheme. The refund is related to the cost of eligible research and development activities conducted during the financial year ended 30 June 2022. The funds will be used to further Alterity’s clinical development and research activities, including the ongoing Phase 2 clinical trials for the Company’s lead drug candidate ATH434 in Multiple System Atrophy.

Portfolio Pulse from Charles Gross

August 15, 2023 | 8:54 am

LLAP

Terran Orbital Corporation has reiterated its FY23 revenue forecast of over $250 million, which is slightly below the estimated $258.95 million.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 7:43 am

IGXT

IntelGenx Technologies Corp. reported a 67% decrease in total revenues for Q2 2023, with operating costs rising slightly. The company also reported a net comprehensive loss of $3.0 million for the quarter. Despite these financial setbacks, the company has achieved significant milestones, including completing enrollment in the BUENA study and signing a binding term sheet with a CDMO customer for oral film packaging services, expected to yield around $9 million over three years.

Portfolio Pulse from Nicolás Jose Rodriguez

August 15, 2023 | 2:54 am

CLVR

Clever Leaves Holdings Inc. (NASDAQ:CLVR) reported a 21% YoY increase in revenue and a 10% rise in gross profit for Q2 2023. The growth was driven by a 151% increase in the cannabinoid segment. Despite challenges, the company maintained solid margin performance in its non-cannabinoid business. The company also reported a 25% YoY reduction in operating expenses. CEO Andres Fajardo attributed the positive financial impact to restructuring initiatives, including the wind-down of its Portuguese operations.

Portfolio Pulse from Nicolás Jose Rodriguez

August 15, 2023 | 1:17 am

DLTNF

Delta 9 Cannabis Inc. (OTC:DLTNF) reported a net loss of $3.4 million for Q2 2022, a significant increase from the $0.8 million loss in the same quarter last year. However, the company's net revenue grew by 4% year-on-year to CAD $17.5 million, and sequentially surged by 40% from the preceding quarter. The company's CEO highlighted growth opportunities, nationwide retail expansion, and strategic M&A pursuits supported by a solid balance sheet.

Portfolio Pulse from Nicolás Jose Rodriguez

August 14, 2023 | 11:16 pm

TRSSF

TerrAscend (OTCQX: TRSSF) reported positive financial results with a net revenue of $72.1 million, a 3.9% sequential increase and 12.7% YoY increase. The company's gross profit was $36.2 million, a 6.8% sequential increase and 50.8% YoY increase. The company attributed part of its success to the strong start of the adult-use cannabis market in Maryland, where it has expanded its footprint to four dispensaries.

Portfolio Pulse from Maureen Meehan

August 14, 2023 | 10:01 pm

MCOM

Micromobility com (NASDAQ:MCOM) reported a 19.69% decrease in sales this quarter, with $3.50 million in sales compared to $4.36 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 9:43 pm

GRND

Grindr (NYSE:GRND) reported Q2 sales of $61.54 million, a 32.18% increase from $46.55 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 9:37 pm

MTBL

Moatable (NYSE:MTBL) reported Q2 sales of $12.90 million.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 9:30 pm

GREE

Greenidge Generation Holdings Inc. (GREE) is expected to receive $4.9 million in cash, less certain costs, with the potential to earn up to an additional $2.6 million in bonus payments.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 9:26 pm