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Revenues

DKNG

PENN

DraftKings Inc. (NASDAQ:DKNG) shares are trading lower following the agreement between Penn Entertainment (NASDAQ:PENN) and ESPN, which gave Penn exclusive rights to the ESPN Bet trademark for online sports betting in the U.S. for an initial 10-year term. This news impacted DKNG shares negatively. However, DKNG had previously received a boost from a strong earnings report and raised full-year 2023 revenue guidance.

Portfolio Pulse from Ryan Gustafson

August 14, 2023 | 6:51 pm

ZDPY

Zoned Properties, Inc. (OTCQB:ZDPY), a cannabis-focused real estate development firm, reported a 55% YoY increase in Q2 revenues to $772,617. The company's net income totaled $42,159, compared to a net loss of $39,063 for the same period in 2022. Total operating expenses increased by 39% to $707,812. The company's CEO, Bryan McLaren, expressed enthusiasm about the growth opportunity for Zoned Properties, citing a robust balance sheet and a strategic capital allocation approach.

Portfolio Pulse from Jelena Martinovic

August 14, 2023 | 6:51 pm

IPGP

IPG Photonics Corp (IPGP) is expanding its business in battery welding, medical, and emerging laser markets. The company has seen significant growth in battery welding applications, which now constitute over 20% of its sales. IPG is also exploring growth opportunities in green lasers for renewable energy, AMB lasers for e-Mobility, and additive processes for smartphone cases. The company is shifting production from Russia to Italy and a new plant in Poland, which has temporarily impacted margins. IPG is also seeking acquisitions in emerging growth areas.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 6:17 pm

LICY

Li-Cycle Holdings reported worse-than-expected Q2 revenue results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 4:13 pm

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