Streetbeat News

Revenues

AAL

American Airlines expects to take delivery of 23 new mainline aircraft in 2023, all of which are now financed. The company anticipates its total capital expenditure in 2024 to be between $3B-$3.5B.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:44 pm

SOPA

Society Pass Inc's (NASDAQ:SOPA) travel subsidiary, NusaTrip Inc, has acquired Vietnam International Travel and Service JSC, adding approximately $2M in GMV to NusaTrip's revenue base. This acquisition is part of NusaTrip's business plan to acquire other IATA-licensed travel agencies throughout Asia Pacific in 2023. The Vietnam travel market is projected to reach $3.0 billion in 2023 and $4.2 billion by 2027.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:34 pm

GAME

Stream Hatchet, a subsidiary of GameSquare Holdings (NASDAQ:GAME)(TSXV:GAME), reported that esports livestreaming hours increased by 15% during Q1 2023, with total hours watched exceeding 650 million. Twitch and YouTube dominated the esports livestreaming viewership, accounting for 62% and 30% of the market respectively. The report also highlighted the importance of optimizing esports tournaments to boost viewership and engagement.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:10 pm

FRT

NNN

O

Despite bearish predictions for real estate investment trusts (REITs), triple-net lease REITs continue to show strength. Three such REITs, Realty Income Corp. (NYSE:O), Federal Realty Investment Trust (NYSE:FRT), and NNN REIT Inc. (NYSE:NNN), have been highlighted for their stability and reliable dividend income. Realty Income Corp. has had a 14.6% compound annual total return since its IPO in 1994. Federal Realty Investment Trust declared FFO of $1.59 in the first quarter, a 6% increase over the same period in 2022. NNN REIT Inc. announced first-quarter operating results with FFO of $0.80 per share, up from $0.77 in the first quarter of 2022.

Portfolio Pulse from Ethan Roberts

July 20, 2023 | 12:08 pm

RKDA

Arcadia Biosciences (NASDAQ:RKDA) has initiated a strategic review to explore potential transactions and strategies to maximize long-term shareholder value. Options may include an acquisition, company sale, merger, business combination, asset sale, joint venture, licensing arrangement, capital raise or other strategic transaction. The company anticipates Q2 revenue of $1.3M-$1.5M and has $18.8M in cash and cash equivalents. Arcadia is also streamlining operations and exiting body care brands ProVault and SoulSpring, expected to save $3M-$4M annually.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:08 pm

TOPS

TOP Ships Inc. (NASDAQ:TOPS) has extended its time charter agreements with Clearlake Shipping Pte Ltd. for its two Suezmax vessels for up to 36 months. The extension will start after the current charters expire in Q1 2024. The gross daily rate for the extended period is $32,850. The extension is expected to generate an additional revenue backlog of about $72 million. The total gross revenue backlog as of December 31, 2022, is now about $352 million, 26% higher than previously reported.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:06 pm

SNY

Recludix Pharma has announced a strategic collaboration with Sanofi for the development of an oral STAT6 inhibitor for multiple immunological and inflammatory indications. Recludix will receive $125M in near-term payments and potentially more than $1.2B in milestones.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 12:05 pm

ASLN

Aslan Pharmaceuticals has received a $12M upfront payment from Zenyaku Kogyo Co. as part of a strategic licensing agreement.

Portfolio Pulse from Charles Gross

July 20, 2023 | 11:59 am

AMGN

JNJ

In a recent interview with Reuters, Johnson & Johnson's CFO, Joseph Wolk, stated that the company's settlement with Amgen gives them more confidence about achieving their 2025 target of $57 billion in pharmaceutical sales.

Portfolio Pulse from Charles Gross

July 20, 2023 | 11:58 am

BYDDF

LI

NIO

TSLA

XPEV

According to a report by Counterpoint Research cited by Reuters, Chinese automakers sold 75% of electric vehicles (EVs) in Southeast Asia in Q1. The companies mentioned include BYD Co Ltd (BYDDF), Li Auto Inc. (LI), NIO Inc. (NIO), Tesla Inc. (TSLA), and XPeng Inc. (XPEV).

Portfolio Pulse from Charles Gross

July 20, 2023 | 11:43 am