Streetbeat News

Revenues

VRTX

Vertex Pharmaceuticals reported better-than-expected Q2 revenue results and issued Q3 revenue guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 2:53 pm

SLVM

Sylvamo Corporation reported worse-than-expected Q2 revenue results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 2:40 pm

FNF

FNF Group Of Fidelity National Financial reported better-than-expected Q2 revenue results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 2:21 pm

AAWH

Ascend Wellness Holdings, Inc. (OTCQX:AAWH) (CSE:AAWH) reported Q2 2023 financial results, with net revenue increasing 26.1% YoY and 7.7% QoQ to $123.0 million. Gross profit was $28.3 million, down from $35.7 million in the prior quarter and $33 million in Q2 2022. Net income was $841,000, a significant improvement from a net loss of $21.2 million in Q2 2022 and $18.5 million in Q1 2023. The company's cash and cash equivalents were $68.0 million and net debt was $241.8 million.

Portfolio Pulse from Vuk Zdinjak

August 09, 2023 | 1:25 pm

ASLE

AerSale (ASLE) reported worse-than-expected Q2 financial results and issued 2023 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:09 pm

BTOG

Bit Origin Ltd (NASDAQ:BTOG) announced its production and operation update for July 2023. The company mined 22.7 Bitcoins and achieved a revenue of $681,448. The total mining hash rate stands at 403 PH/s with 4,250 miners installed in the Indiana facility. The company has one hosting mining site in operation and one under development. The company ceased its operation in the mining facility in Georgia from December 31, 2022.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:08 pm

FTCI

FTC Solar, Inc. (NASDAQ:FTCI) reported Q2 revenues of $32.36 million, missing the analyst consensus of $47.38 million. Adjusted EPS of $(0.06) loss also missed the consensus of $(0.04) loss. However, revenues rose 5.3% Y/Y, driven by higher product volume. The company also announced new orders from European renewables developer Five-E and a 1-Gigawatt tracker agreement for the Cat Creek Energy and Storage Project. FTCI expects Q3 revenues of $24 million-$34 million, significantly lower than the consensus of $73.98 million.

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2023 | 1:06 pm

NVEI

Nuvei reported mixed Q2 financial results and issued Q3 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:48 pm

JUPW

Jupiter Wellness, Inc. (NASDAQ:JUPW) announced positive results from a clinical study of its proprietary sunscreen, NoStingz, which is formulated to protect users from jellyfish stings, sea lice, and UVA/UVB rays. The study showed that NoStingz significantly reduced pain from jellyfish stings compared to other sunscreens and untreated skin. The company plans to use these results to expand sales channels for NoStingz and make further advancements in its sunscreen and skincare product lines.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:47 pm

MLSS

Milestone Scientific Inc. (NYSE:MLSS) has received positive reimbursement from three commercial payers for the use of its CompuFlo® Epidural System for patients involved in motor vehicle accidents. The payments are a significant achievement for the company, but do not yet confer broad coverage for other epidural procedures. The company remains focused on advancing positive reimbursement for the CompuFlo technology amongst all payers.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:42 pm