Streetbeat News

Revenues

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

SLND

Southland has reported preliminary Q2 revenue of $257M, which is significantly lower than the estimated $325.26M. The company's CEO, Frank Renda, expressed disappointment in the Q2 performance, attributing the poor results to challenges in the legacy materials production and paving business. Southland plans to discontinue large-scale materials production to focus on its core business.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 9:30 pm

IRIX

Iridex Corporation has projected its FY23 revenue to be between $55M-$57M, which is lower than the estimated $58.05M.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 9:18 pm

LFLY

Leafly Holdings Inc. (LFLY) has projected its Q3 2023 revenue to be $11 million.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 9:12 pm

JYNT

Joint Corp reported its Q2 system-wide sales at $120.1 million, marking a 13% increase.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 9:07 pm

TISI

Team (NYSE:TISI) reported a decrease in sales this quarter, with $239.50 million compared to $251.26 million the same period last year, marking a 4.68 percent decrease.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 9:06 pm

INDI

Indie Semiconductor, Inc. has guided its Q3 revenue to increase by 100% YoY, reaching an annualized run-rate of $240M.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:48 pm

MKFG

Markforged has maintained its FY23 revenue guidance of $101M-$110M.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:48 pm

DRCT

Direct Digital Holdings has increased its FY23 revenue outlook from $118M-$122M to $125M-$130M, surpassing the consensus estimate of $120.64M.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:42 pm