Streetbeat News

Revenues

AIRS

AirSculpt Technologies has reaffirmed its FY23 revenue guidance of $187M-$192M, with expectations of achieving the upper end of this range. This is compared to a consensus of $188.90M.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:07 am

CRGO

Freightos has announced an operational efficiency plan that is expected to reduce expenses and improve adjusted EBITDA by approximately $5.6 million per year.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:06 am

AIRS

Airsculpt Technologies forecasts Q2 revenue of about $55.7M, a 12.2% increase year-over-year, beating the consensus estimate of $53.75M.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:05 am

PAYO

Payoneer is planning to reinvest some savings from its workforce reduction plan into future growth initiatives. The company expects an annualized future benefit to its operating expenses of approximately $20 million in connection with the plan. The impact on its 2023 guidance is still being evaluated.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 8:37 pm

CWST

Casella Waste Systems has signed a commercial agreement with Waga Energy to develop renewable natural gas facilities at three Casella landfills. Waga Energy will fund the construction and operate the infrastructure, while both companies will share the revenue generated from the facilities.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 8:31 pm

CAMP

CalAmp expects its Q2 FY24 revenues to range between $67 million and $73 million, which is lower than the estimated $77.14 million. The company also anticipates adjusted EBITDA to be between $5 million and $9 million. Due to the uncertainty and potential variability of future expenses, a reconciliation of non-GAAP guidance financial measures to corresponding GAAP guidance financial measures is not available.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 8:10 pm

MSFT

PERI

Needham analyst Laura Martin reiterated a Buy rating and a $42 price target for Perion Network Ltd (PERI). She highlighted the company's growth potential in Search Advertising, which accounted for 45% of PERI's total gross revenues in 1Q23. PERI's partnership with Microsoft Corp (MSFT) Bing has been beneficial, with PERI having the right to put Bing on browsers, devices, and websites globally for a share of the ad dollars on Bing's results pages. PERI's next CEO, Tal Jacobson, has led the Search segment since 2018 and has overseen its rapid revenue growth.

Portfolio Pulse from Anusuya Lahiri

July 10, 2023 | 7:06 pm

DUOL

KeyBanc Capital Markets analyst Justin Patterson reiterated a Sector Weight rating on Duolingo, Inc. (NASDAQ:DUOL), noting the company's shift towards gamification and away from the EdTech business. Duolingo's Daily Active Users (DAUs) are projected to double from 2021 to 2023, reaching 20 million by year-end. Duolingo leads in app downloads over rival language apps like Babbel. The recently launched Duolingo Max, leveraging GPT-4 from OpenAI, is expected to enhance the learning experience and potentially lift 2024 revenue projections by 1% for each 1% of subscribers that adopt it. However, the analyst is cautious about the rollout speed, additional features, and pricing changes of Max.

Portfolio Pulse from Nabaparna Bhattacharya

July 10, 2023 | 7:00 pm

JUPW

Jupiter Wellness Inc (NASDAQ:JUPW) has entered into an asset purchase agreement with GBB Drink Lab Inc. The deal includes all operating assets related to GBB Drink Lab, including the Safety Shot beverage, valued at $53 million. The Safety Shot business segment is expected to generate $25 million in revenues and $4 million in net income by Q1 2024 for Jupiter Wellness. The global hangover cure products market is expected to reach $4.67 billion by 2028.

Portfolio Pulse from Shivani Kumaresan

July 10, 2023 | 3:57 pm

AAPL

GOOG

META

SNAP

Snap Inc has introduced a revenue-sharing program, Snap Star, to attract creators back to its platform. The move aims to reverse declining sales and regain user engagement, impacted by factors like Apple's privacy policy changes. The program has attracted several thousand creators and has shown early signs of traction. Snap's financial performance following the rollout of the program will be a deciding factor in its recovery.

Portfolio Pulse from Anusuya Lahiri

July 10, 2023 | 3:42 pm