Streetbeat News

Revenues

WYY

WidePoint Corporation, a leading provider of Trusted Mobility Management (TM2) Solutions, has been awarded $46 million in IT and security contracts during Q2 2023.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 1:05 pm

TAOP

Taoping Inc. has reported a 95% YoY increase in its contract revenue for the first half of 2023, amounting to approximately $14.65 million.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 1:05 pm

CNVS

INDA

Cineverse Corp. (NASDAQ:CNVS) has announced the launch of Cineverse Services India, a new business unit aimed at facilitating the company's Business Process Outsourcing strategy. The new unit, located in Kolkata, will focus on back-office functions to support Cineverse's growth. The company forecasts approximately $7.5 million in SG&A cost reductions over the current fiscal year, driven by savings from the relocation of domestic roles and the reduction of 3rd party contract labor.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 12:52 pm

TBLT

ToughBuilt Industries, Inc. (NASDAQ:TBLT) reported Q2 2023 gross sales of $3.61 million through Amazon.com, consistent with Q2 2022 sales of $3.56 million. Total sales for the first half of 2023 increased by 5.3% to $7.41 million. The company plans to expand its distribution network and reduce operational costs to increase shareholder value and profitability.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 12:46 pm

ITI

Iteris, Inc. (NASDAQ:ITI) has been awarded a three-year, $1.3 million SaaS contract by the Los Angeles County Metropolitan Transportation Authority (LA Metro) for the continued use of ClearGuide, a technology that provides transportation analytics to support mobility and safety applications. The contract demonstrates LA Metro's confidence in ClearGuide and Iteris' services.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 12:44 pm

CRM

Salesforce Inc has announced that it will be increasing list prices by an average of 9% across Sales Cloud, Service Cloud, Marketing Cloud, Industries and Tableau in August.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 12:28 pm

DXR

Daxor Corporation (DXR) has announced further acquisitions and increased utilization of its BVA-100 blood volume diagnostic in the U.S. The company has expanded its blood volume analysis into five of six hospitals in the Southeast and increased utilization for clinical use at two sites. The recent launch of Daxor's ezBVA Lab service is expected to contribute significantly to the growth of BVA sales. A six-facility hospital system in Northern Kentucky and Southeastern Indiana has begun utilizing Daxor's ezBVA Lab service. Two additional hospitals have expanded the use of BVA testing.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 12:26 pm

WKSP

Worksport Ltd. (NASDAQ:WKSP) announces the initiation of final training and validation processes for their new U.S. manufacturing line of hard-folding tonneau covers. Production is expected to start in the upcoming weeks. The company has also onboarded skilled personnel and is transitioning from preparation to production phase at its manufacturing facility in West Seneca, New York. The company aims to boost revenue growth and enhance shareholder value.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 12:24 pm

ACLS

Axcelis Technologies, Inc. (NASDAQ:ACLS) has announced multiple shipments of the Purion Power Series ion implanter systems to leading silicon carbide (SiC) power device chipmakers worldwide. The shipments, all delivered in the second quarter, included a Purion H200 SiC evaluation system for a leading SiC power device manufacturer in the United States and multiple revenue systems for customers in Asia. The systems will be used in high volume production of power devices supporting automotive industry electric vehicle (EV) applications.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 12:20 pm

BYRN

FB

Byrna has withdrawn its guidance for fiscal year 2023 due to the ban on advertising of its products on all Meta platforms. Despite this, Byrna still expects to improve its top- and bottom-line performance in fiscal 2023.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 12:11 pm