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Revenues

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

IPDN

Professional Diversity (NASDAQ:IPDN) reported a 16.13% decrease in sales this quarter, with revenues of $1.84 million compared to $2.19 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 9:25 pm

ELVA

ELVA has reaffirmed its revenue forecast for FY23 at $42M.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 9:23 pm