Streetbeat News

Revenues

OSS

One Stop Systems (OSS) anticipates a Q3 revenue of approximately $13.5 million, lower than the estimated $17.75 million. The company attributes this to delays in defense and commercial program orders, which are expected to continue impacting its financial performance through the second half of the year.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 8:08 pm

RCEL

AVITA Medical expects its Q3 2023 revenue to be between $13M-$14M, higher than the estimated $12.98M. The company also raised its full-year 2023 commercial revenue forecast from $49-$51M to $51-$53M. The gross margin for the full year 2023 is expected to be between 83%-85%.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 8:02 pm

ILMN

Stifel analyst Daniel Arias has reiterated a Buy rating on Illumina, Inc (NASDAQ:ILMN), but lowered the price target to $225 from $265. This comes after Illumina reported better-than-expected Q2 results, with revenue of $1.18 billion, up 1% Y/Y. However, Arias has reduced Q3 revenue estimates to $1.13 billion from $1.16 billion due to slowdown in consumables purchasing amid lower demand in China and instrument transition issues.

Portfolio Pulse from Nabaparna Bhattacharya

August 10, 2023 | 5:55 pm

BRDS

Bird Global reported worse-than-expected Q2 revenue results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 5:03 pm

DCTH

Delcath Systems reported worse-than-expected Q2 revenue results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 4:41 pm

TWTR

Twitter has been rebranded to X under the new CEO Linda Yaccarino, who replaced Elon Musk. The company is transitioning from a cost-cutting stage to a growth stage, introducing new features like long-form video, articles, subscriptions, and income sources for creators. The platform is also attracting advertisers like Coca-Cola, Visa, and State Farm. Despite some estimates suggesting a loss of up to $20 billion in brand value after the rebranding, the company claims to be close to breaking even operationally and is seeing continued revenue growth.

Portfolio Pulse from Adam Eckert

August 10, 2023 | 4:39 pm

KIQ

Kelso Technologies reported a year-over-year decrease in Q2 revenue results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 4:17 pm

AMZN

BABA

DIS

FTTUSD

GRTX

NVO

PLUG

SIX

WWW

Disney is considering strategic partnerships for ESPN and a shift to streaming. FTX is facing issues with traders and market makers over asset domination. Amazon is reducing its private-label operation to address antitrust scrutiny. Alibaba reported a 14% YoY revenue growth. Plug Power reported a 72% YoY revenue increase but a larger than expected loss. Wolverine World Wide reported a 17.4% YoY revenue decline. Six Flags reported a 2% YoY sales growth. Galera Therapeutics received a Complete Response Letter from the FDA. Novo Nordisk reported a 29% YoY sales increase and raised its FY23 guidance. Novo Nordisk also agreed to buy Inversago Pharma. Two key executives from Amazon's drone delivery program, Prime Air, have quit.

Portfolio Pulse from Vandana Singh

August 10, 2023 | 3:10 pm

JSDA

Jones Soda Co. reported Q2 2023 revenues of $4.8 million, down from $6.0 million in Q2 2022, due to a one-time inventory stocking event in 2022. However, the company's cannabis segment saw revenues double to $400,000 from Q1 2023. Gross profit was $1.6 million, down 7.6% YoY, but gross margin improved to 32.4%. Net loss improved to $1.0 million, and adjusted EBITDA improved to negative $729,000. The company expects to be operational in three new states by the end of the year.

Portfolio Pulse from Vuk Zdinjak

August 10, 2023 | 2:15 pm

KSCP

Knightscope has secured three new sales, although the terms of these deals have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 1:43 pm