Streetbeat News

Revenues

BKYI

BIO-Key International reported worse-than-expected Q2 revenue results, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 5:07 pm

BILI

Shares of Bilibili Inc - ADR (NASDAQ:BILI) are trading lower by 4.26% due to weak industrial production and retail sales data for July in China. The People's Bank of China's rate cut, indicating economic challenges, has escalated fears about the country's economic health. This could impact Bilibili's user engagement and advertising revenue. The central bank's decision to slash policy rates for the second time in three months could lead to a potential cut in China’s lending benchmark loan prime rate (LPR) in the coming week.

Portfolio Pulse from Henry Khederian

August 15, 2023 | 4:49 pm

NOGN

Nogin reported worse-than-expected Q2 financial results and issued FY23 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 4:02 pm

HYMTF

TSLA

WKSP

Fisker is adopting the North American Charging Standard (NACS) to gain access to Tesla's charging technology and infrastructure. Worksport Ltd reported a YoY revenue growth for Q2 2023, with U.S. revenue rising 3,567% YoY to $199,851. Worksport is also preparing to launch its SOLIS solar cover and COR portable battery, with Hyundai Motor Company integrating a customized version into its 2024 Santa Cruz pickup. Tesla continues to lower prices to boost volume and market share, despite a drop in operating margin to 9.6%.

Portfolio Pulse from Upwallstreet

August 15, 2023 | 3:24 pm

SYTA

Siyata Mobile reported better-than-expected Q2 revenue results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:23 pm

ARHH

Assure Holdings reported worse-than-expected Q2 revenue results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 2:56 pm

BEKE

Shares of KE Holdings Inc (BEKE) are trading lower by 4.97% due to weak industrial production and retail sales data for July in China. The People's Bank of China's rate cut, indicating economic challenges, could potentially reduce demand for KE Holdings' real estate services and impact its revenue streams. The company's 52-week high is $21.08 and the low is $9.09.

Portfolio Pulse from Henry Khederian

August 15, 2023 | 2:55 pm

COSM

Cosmos Health Inc. (NASDAQ:COSM) reported Q2 revenues of $12.36 million, down 6.4% Y/Y. The company reported adjusted EPS of $0.01, compared to a $(0.35) loss in the prior year. Revenues were affected by unfavorable USD to EUR and GBP exchange rate movements. Adjusted EBITDA was $0.23 million, lower than $0.299 million a year ago. Net loss in the quarter narrowed to $(0.98) million from $(1.24) million loss a year ago. COSM shares are trading higher by 3.7% to $1.39.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2023 | 1:40 pm

CETY

Clean Energy Technologies, Inc. (CETY) reported Q2 2023 financial results, with H1 2023 revenues of $7.6M, a 205% increase from the same period in 2022. Gross profit margins improved from 5% in Q1 2023 to 11% in Q2 2023. However, the company reported a net loss of $1.7M due to increased interest and financing fees and operating expenses. Stockholder's equity increased to $5.7M from $1.8M at the end of 2022.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 1:23 pm