Streetbeat News

Revenues

EPOW

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) announced that it has delivered 3,000 metric tons of graphite anode to customers in July, setting a new record for monthly shipment. The company's key customers include global top ten manufacturers of power batteries and energy storage batteries, such as BYD Company Limited and Zhejiang Narada Power Source Co.,Ltd. Sunrise expects a significant revenue increase in the second half of this year.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:45 pm

SOHU

Sohu.com Limited reported a 22% YoY decline in Q2 2023 revenue to $152.1 million, missing the consensus of $153.7 million. Brand advertising revenues and online game revenues also declined. However, the non-GAAP gross margin expanded by 300 bps YoY to 76%. The company held $1.4 billion in cash and equivalents. Sohu CEO Charles Zhang emphasized the company's 'Twin Engine' strategy and its potential to gain more advertising dollars.

Portfolio Pulse from Anusuya Lahiri

August 07, 2023 | 1:06 pm

WYY

WidePoint Corporation's subsidiary, IT Authorities, has been awarded a three-year IT managed services contract worth $2.7 million by a national Sports Marketing, Media & Technology company. This contract is an expansion from a successful pilot program. IT Authorities will provide IT-as-a-Service Network & Infrastructure Monitoring and management, with 24x7x365 help desk support.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:06 pm

CCO

Clear Channel Outdoor reported worse-than-expected Q2 financial results and issued Q3 revenue guidance below the consensus estimate, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:54 pm

PPSI

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has announced a multi-million dollar order to provide an E-Bloc system and other related custom control and protection equipment to Rove, a full-service charging center operator in Southern California. The E-Bloc will support Rove's development of its first full-service EV charging centers, which will include 40 ultra-fast chargers capable of reaching speeds up to 350 kW. Rove plans to utilize renewable energy, integrating onsite solar panels and battery storage, supported by E-Bloc, to supplement the use of electricity from the grid during peak times.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:47 pm

NXL

Nexalin Technology has reported positive results from a clinical study of its Gen-2, 15 milliamp neurostimulation device for treating migraine headaches and related symptoms. The study supports the therapeutic benefits of the device.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:42 pm

XGN

Exagen Inc. has provided its revenue guidance for the third quarter of 2023, expecting to generate between $10 million to $10.5 million. This is lower than the consensus estimate of $11.76 million.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:06 pm

LINC

Lincoln Educational Services has projected its FY23 revenue to be between $360M and $370M, which is in line with the estimated $360.07M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:04 pm

TFII

TFI International has agreed to acquire JHT Holdings, a Wisconsin-based company that transports new trucks from manufacturing plants to dealers and end customers. The deal, which is expected to close in the third quarter, will add over $500 million in annual revenues to TFI's logistics segment.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:03 pm

PHIN

Phinia (NYSE:PHIN) reported Q2 sales of $887.00 million, a 11.43% increase from $796.00 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:25 am