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Revenues

NFLX

Netflix has gained 1.5 million U.S. subscribers for its ad-supported tier since its launch in November. This is a small fraction of Netflix's total U.S. subscribers and significantly less than Hulu's 30 million ad-supported subscribers. Netflix recently eliminated its lowest-priced ad-free tier, making the ad-supported tier less than half the price of its cheapest ad-free tier.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 5:30 pm

HROW

NVS

Harrow Health Inc (HROW) has agreed to acquire the U.S. and Canadian commercial rights for Vevye, a drug for dry eye disease, from Novaliq GmbH. The company has also agreed to acquire certain U.S. and Canadian commercial rights for several branded products from Santen Pharmaceutical Co Ltd. In December last year, Harrow acquired exclusive U.S. commercial rights to five FDA-approved ophthalmic products from Novartis AG (NVS). Harrow raised $60 million via equity and expects Q2 2023 revenues in excess of $31.0 million. HROW shares are up 22.90%.

Portfolio Pulse from Vandana Singh

July 19, 2023 | 4:16 pm

SONY

David Daxsen, a successful music producer and founder of Daxsen Music Group, shared his insights on generating income in the music industry. His company has collaborated with major companies such as Sony Music Entertainment, Warner Music Group, and Universal Music Group. Daxsen outlined three primary paths to generate income as a music producer: royalties from copyrights, work for hire, and mechanical royalties.

Portfolio Pulse from Franca Quarneti

July 19, 2023 | 2:10 pm

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SMG

UNRV

The article reports on recent leadership changes in the US cannabis industry. The Cannabis Regulators Association (CANNRA) has announced new leadership and expanded membership. Maryland Governor Wes Moore has made key appointments to two new cannabis-related agencies. Minnesota is preparing for marijuana legalization with the appointment of a new director for its regulatory agency. The Arkansas Medical Marijuana Commission has a new member. There have been board changes at Decibel Cannabis Company, High Tide Inc., Cresco Labs, Glass House Brands, and Craftport Cannabis Corp. Scotts Miracle-Gro Company has appointed a new board member. Unrivaled Brands, iAnthus Capital Holdings, PharmaCielo, and MedMen Enterprises have also made key appointments.

Portfolio Pulse from Jelena Martinovic

July 19, 2023 | 1:29 pm

IPWR

Ideal Power has started shipping to participants of the B-TRAN Test and Evaluation Program. This move is expected to increase the company's visibility and potentially its revenues.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 1:25 pm

ALBT

Avalon GloboCare Corp. (NASDAQ:ALBT) announced that its subsidiary, Laboratory Services MSO, has signed an exclusive Master Service Agreement with GeneX Laboratory. Avalon owns a 40% interest in Laboratory Services MSO. The agreement will allow Laboratory Services MSO to be the exclusive testing provider for toxicology testing, genetic testing, and others in 21 states. This is expected to result in significant revenue growth for Avalon.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:13 pm

REKR

Rekor Systems (NASDAQ:REKR) expects to report over 110% growth in Q2 2023 revenue, surpassing its Q2 2022 performance and estimates. The company also reports a 30% increase compared to Q1 2023. Rekor's AI-driven digital infrastructure operating system, Rekor OneTM, is a key contributor to its success. The company has recently secured several contracts, including a $14.1 million contract for traffic count and classification studies for South Carolina and Florida DOTs.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 1:04 pm

AMRN

Amarin Corporation has initiated an organizational restructuring program and issued lower interim Q2 revenues, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:48 pm

BKR

Baker Hughes has projected its Q3 revenue to be in the range of $6.4B-$6.6B, with EDIBTA between $930M-$990M.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:32 pm

TOST

Toast has decided to remove the $0.99 order processing fee from its new version of the digital ordering suite by the end of this week. The company does not expect this decision to have any material impact on its previously announced guidance for Q2.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:08 pm