Streetbeat News

Revenues

ADDYY

Adidas AG has received orders worth $565 million for its unsold Yeezy shoes. The company had stopped selling Yeezy shoes after its partnership with Kanye West ended. The sale of the inventory is expected to save Adidas from a large write-off on its stock. The company had previously predicted a loss in fiscal 2023, the first operating loss in 31 years. Adidas is expected to update its revenue and profit guidance to reflect the initial sale of Yeezy inventory.

Portfolio Pulse from Shivani Kumaresan

July 24, 2023 | 12:53 pm

TOMZ

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) has announced preliminary unaudited revenue for Q2 2023, expecting approximately $2.8 million, a 90% increase compared to the same quarter in 2022. This also represents a 75% increase compared to the revenue for Q1 2023. The company attributes this growth to successful expansion and growth of sales channels and customer base.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:50 pm

DRIO

DarioHealth Corp. (NASDAQ:DRIO) has announced a new agreement with a large regional health plan to provide digital health solutions to over 160,000 members. The company also released preliminary Q2 2023 results, with revenues between $6M-$6.15M, lower than the estimated $6.73M. The company's cash and cash equivalents stood at $52.6M as of June 30, 2023. Dario also announced strategic partnerships with MedOne Pharmacy Benefits Solution and Solera, which are expected to contribute to 2023 revenues.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:42 pm

CSCW

Color Star Technology Co Ltd (NASDAQ: CSCW) plans to increase its business revenue through corporate sponsorships.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:34 pm

RMED

Ra Medical Systems, Inc. (NYSE/American:RMED) has reported an increase in clinical adoption of its VIVO system, a three-dimensional non-invasive mapping system, by hospitals. The company's electrophysiology division, Catheter Precision, LLC, recently expanded its sales and clinical support team in the US. Several hospitals are currently reviewing VIVO, and approvals are expected in the coming months.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:14 pm

CTSH

GILD

Cognizant has secured a deal to manage Gilead's global IT infrastructure, platforms, applications, and advanced analytics. The agreement includes renewal and expansion of Cognizant services for up to $800M over the next five years.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:13 pm

APLD

Applied Digital has projected its FY24 revenue to be between $385M and $405M, which is significantly higher than the estimated $308.8M.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:03 pm

AAPL

HNHPF

SSNLF

TSM

XIACY

Apple Inc's stock is trading higher amid reports that it has urged suppliers to produce about 85 million units of the iPhone 15 in 2023, which is roughly in line with 2022. The company is considering raising the price for Pro models, which could increase overall revenue. Despite minor issues with new iPhone screens and a production challenge with CMOS image sensors, the company's market capitalization has reached $3 trillion. Apple's sales slid 2% in the most recent quarter, but its market share rose to 17% due to growth in demand for premium phones.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 11:56 am

ANIX

EFSH

VIRC

Insiders at Virco Mfg. Corporation (VIRC), Anixa Biosciences, Inc. (ANIX), and 1847 Holdings LLC (EFSH) have recently made notable purchases of their companies' stocks. Virco's director bought 1,770 shares after the company posted a narrower-than-expected Q1 loss. Anixa's President, COO, and CFO acquired 5,500 shares following the issuance of a Canadian Patent for its CAR-T cancer therapy technology. A 10% owner of 1847 Holdings bought 72,327 shares as the company anticipates a 54% YoY increase in Q2 revenue.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 11:43 am

SFTBF

SYM

SoftBank Group Corp. and Symbotic Inc. have announced the establishment of a joint venture, GreenBox Systems LLC, to address the $5001 billion annual warehouse-as-a-service market. Symbotic also announced a $7.5 billion new customer contract with GreenBox, who will be the exclusive provider of Symbotic systems in the warehouse-as-a-service market. Symbotic expects over $500 million in annual recurring revenue from GreenBox once all systems are operational.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 11:07 am