Streetbeat News

Revenues

CASI

CASI Pharmaceuticals has reported a sales revenue of $9.8 million for Q2, marking a 15% increase year-over-year and an 18% increase quarter-over-quarter.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 11:06 am

BFRI

Biofrontera Inc. (NASDAQ:BFRI) has reiterated its expectation for FY23 revenue growth of at least 25% YoY. The company also expects to be cash flow positive within approximately one and a half years.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 11:06 am

PAG

Penske Automotive has acquired BMW of Wilmington and Porsche Wilmington dealerships. The acquisitions are expected to generate an annualized revenue of approximately $140 million. No financial terms of the deal were disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 11:01 am

F

Ford Motor Company plans to incorporate better software into its Ford Pro commercial vehicle business, aiming to grow revenues by $4,000-$5,000 per vehicle. The software-driven services include fleet services, safety and security services, partial vehicle autonomy, and insurance. The company also plans to introduce electric versions of the Transit Courier and Transit Custom next year.

Portfolio Pulse from Nabaparna Bhattacharya

August 11, 2023 | 10:50 am

TSAT

Telesat Corp has reiterated its FY23 revenue forecast of $511.11M-$525.93M, which is lower than the estimated $566.71M. The company also expects its Adjusted EBITDA to be between $500M and $515M in 2023. Due to the Telesat Lightspeed contract, the company's cash flows used in investing activities are expected to be in the range of $175M to $225M.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 10:17 am

LYFT

UBER

Lyft Inc (NASDAQ:LYFT) announced it will start displaying advertisements on its app to boost revenue, following a near 5% slump in revenue per rider in Q2. The ads will be added to Lyft's network of advertising products, allowing brands to engage with hundreds of millions of Lyft rides annually. The company's current advertising partners include Bilt Rewards, Audible, and Universal Pictures. Lyft's rival, Uber Technologies (NYSE:UBER), already advertises in-app.

Portfolio Pulse from Anan Ashraf

August 11, 2023 | 9:31 am

EWQ

France's Consumer Price Index (CPI) for July came in at 0.1%, compared to estimates of 0.0% and a prior figure of 0.2%. The Harmonised Index of Consumer Prices (HICP) for July was 0.0%, in line with estimates and down from the prior 0.2%.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:50 am

EWU

The U.K.'s monthly Gross Domestic Product (GDP) 3M/3M change for June was 0.2%, beating the estimated 0.0% and the prior 0.0%.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:04 am

EWU

The U.K.'s Gross Domestic Product (GDP) for June increased by 0.5%, beating the estimated 0.2% and showing improvement from the previous -0.1%.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:01 am

SBIG

SpringBig Holdings, Inc. (NASDAQ: SBIG) reported Q2 2023 financial results, with revenue of $7.2 million, up 12% YoY. The company's subscription revenue was up 19% YoY, and the net dollar retention rate was 100%. The company's gross profit was $5.7 million, representing 24% YoY growth. The company's net loss was $2.0 million, compared to a loss of $2.6 million in the prior year. The company's CFO, Paul Sykes, stated that the company is moving towards profitability and expects to reach breakeven Adjusted EBITDA during Q3.

Portfolio Pulse from Maureen Meehan

August 10, 2023 | 10:19 pm