Streetbeat News

Revenues

TWTR

Twitter has been rebranded to X under the new CEO Linda Yaccarino, who replaced Elon Musk. The company is transitioning from a cost-cutting stage to a growth stage, introducing new features like long-form video, articles, subscriptions, and income sources for creators. The platform is also attracting advertisers like Coca-Cola, Visa, and State Farm. Despite some estimates suggesting a loss of up to $20 billion in brand value after the rebranding, the company claims to be close to breaking even operationally and is seeing continued revenue growth.

Portfolio Pulse from Adam Eckert

August 10, 2023 | 4:39 pm

KIQ

Kelso Technologies reported a year-over-year decrease in Q2 revenue results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 4:17 pm

AMZN

BABA

DIS

FTTUSD

GRTX

NVO

PLUG

SIX

WWW

Disney is considering strategic partnerships for ESPN and a shift to streaming. FTX is facing issues with traders and market makers over asset domination. Amazon is reducing its private-label operation to address antitrust scrutiny. Alibaba reported a 14% YoY revenue growth. Plug Power reported a 72% YoY revenue increase but a larger than expected loss. Wolverine World Wide reported a 17.4% YoY revenue decline. Six Flags reported a 2% YoY sales growth. Galera Therapeutics received a Complete Response Letter from the FDA. Novo Nordisk reported a 29% YoY sales increase and raised its FY23 guidance. Novo Nordisk also agreed to buy Inversago Pharma. Two key executives from Amazon's drone delivery program, Prime Air, have quit.

Portfolio Pulse from Vandana Singh

August 10, 2023 | 3:10 pm

JSDA

Jones Soda Co. reported Q2 2023 revenues of $4.8 million, down from $6.0 million in Q2 2022, due to a one-time inventory stocking event in 2022. However, the company's cannabis segment saw revenues double to $400,000 from Q1 2023. Gross profit was $1.6 million, down 7.6% YoY, but gross margin improved to 32.4%. Net loss improved to $1.0 million, and adjusted EBITDA improved to negative $729,000. The company expects to be operational in three new states by the end of the year.

Portfolio Pulse from Vuk Zdinjak

August 10, 2023 | 2:15 pm

KSCP

Knightscope has secured three new sales, although the terms of these deals have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 1:43 pm

AGRI

AgriFORCE Growing Systems Ltd. (AGRI) has entered into an exclusive distribution agreement with Commercializadora DESICO for Mexico. DESICO will promote, market, sell and service AgriFORCE's products in the indoor farming market and food manufacturing across Mexico. The contracted minimum first year revenue to AgriFORCE is above $600,000.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 1:04 pm

MYSZ

MySize, Inc. (NASDAQ: MYSZ) announced that its Naiz Fit and MySizeID ecommerce apparel sizing solutions have achieved key milestones, including a 65% reduction in size-related returns, 5 million users worldwide, 35.6 million size recommendations, and 17.9 million items sold. The solutions are available in 13 languages on ecommerce sites worldwide. Retailers using these solutions include Levi's, Moschino, Superdry, Speedo, Canali, Dockers, U.S. Polo Association, Desigual, El Ganso, and Alberta Ferreti.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 1:04 pm

CWBHF

CWEB

Charlotte's Web Holdings, Inc. (OTCQX:CWBHF) (TSX:CWEB) reported a 15.2% YoY decrease in Q2 2023 net revenue, down to $16.0 million from $18.9 million in Q2 2022. However, the company saw an improvement in net income, reporting $2.8 million for Q2 2023 compared to a net loss of $7.9 million in Q2 2022. The company's cash and working capital as of June 30, 2023, were $61.7 million and $72.3 million respectively.

Portfolio Pulse from Vuk Zdinjak

August 10, 2023 | 12:53 pm

STKL

SunOpta reported a year-over-year decrease in Q2 adjusted EPS results and worse-than-expected Q2 sales results. The company also cut its FY23 revenue outlook below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:47 pm

JBI

Janus International Group has increased its FY23 revenue forecast from $1.06B-$1.08B to $1.07B-$1.09B, compared to the estimated $1.07B.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:41 pm