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Revenues

LMB

Limbach Holdings, Inc. (NASDAQ:LMB) has acquired ACME Industrial Piping, LLC for an enterprise value of $5 million in an all-cash transaction. ACME specializes in industrial maintenance, capital project work, and emergency services for specialty chemical and manufacturing clients. The acquisition aligns with Limbach's emphasis on expanding the Owner Direct Relationships segment. ACME is expected to contribute on average $10 million in revenue and in excess of $1 million in EBITDA annually.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:30 pm

DARE

OGN

Daré Bioscience (NASDAQ:DARE) is preparing for the commercial launch of XACIATO, a treatment for bacterial vaginosis, in collaboration with Organon (NYSE:OGN). Organon will pay Daré $1 million in July 2023 and $1.8 million upon the first commercial sale of XACIATO. Daré received a $10 million upfront payment from Organon in 2022 and is eligible for additional milestone payments of up to $180 million and tiered double-digit royalties based on net sales.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:15 pm

Guardant Health, Inc. (NASDAQ:GH) has announced that it will receive national reimbursement approval from the Japanese Ministry of Health, Labor and Welfare for its Guardant360 CDx liquid biopsy test for comprehensive genomic profiling for patients with advanced or metastatic solid tumor cancers, effective July 24, 2023. The test has already received regulatory approval in March 2022. The test is used to detect actionable biomarkers in a patient's blood that may help inform their therapy selection.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:09 pm

RIG

Transocean Ltd. (NYSE:RIG) announced that six one-well options have been exercised for the Transocean Encourage in Norway, contributing approximately $172 million in backlog. The work is expected to commence immediately after the current term and extend through February 2026.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 10:36 am

CRGO

WebCargo has launched a new Airline Dashboard aimed at helping cargo airlines optimize their revenue and utilization. The tool provides real-time visibility into booking trends, capacity utilization, and revenue performance.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 7:06 am

BETRF

CYBN

DMTTF

DSNKY

ENVB

FTHWF

HUGE

LOBEF

MNMD

MSSTF

PHRRF

PSIL

REUN

SEMR

SILO

The Multidisciplinary Association for Psychedelic Studies (MAPS) sponsored a Psychedelic Science conference in Denver, attracting over 12,000 attendees. New York Mets owner Steve Cohen announced a $5 million grant for MAPS’ ongoing clinical studies toward FDA approval of MDMA-assisted therapy for PTSD. Toms Shoes founder Blake Mycoskie pledged to donate and invest $100 million in organizations and projects advancing psychedelic-assisted therapies. SEMRush (NYSE:SEMR) analysis revealed a shift in America's consciousness towards psychedelics and cannabis. Several companies received regulatory approvals and patents, and announced partnerships and financial results.

Portfolio Pulse from Lara Goldstein

July 04, 2023 | 2:21 pm

AAPL

AMZN

GOOG

GOOGL

SPOT

Spotify Inc. (SPOT) continues to lead the music streaming market with 44.4 million paid subscribers in the U.S. as of February 2023, despite increasing competition from Apple Inc. (AAPL) and Amazon.com, Inc. (AMZN). Apple Music and Amazon Music are closing the gap with 32.6 million and 29.3 million paid subscribers respectively. Other platforms like Alphabet Inc.'s (GOOG, GOOGL) YouTube Music and Pandora Radio also compete in the market. The Music Subscription Market is expected to reach $73.57 billion by 2028, up from $28.2 billion in 2021.

Portfolio Pulse from Ananya Gairola

July 04, 2023 | 6:15 am

HII

Huntington Ingalls Industries, Inc. (NYSE:HII) has successfully completed sea trials for the U.S. Coast Guard's newest national security cutter, Calhoun (WMSL 759). The company has delivered nine legend-class national security cutters to the Coast Guard. However, Ingalls Shipbuilding revenues for the first quarter of 2023 were $577 million, a decrease of 8.6% from the same period in 2022, primarily due to lower revenues in amphibious assault ships and the Legend-class National Security Cutter (NSC) program. HII shares are trading higher by 0.53% to $228.79.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2023 | 4:51 pm

SDA

SunCar Technology Group Inc. reported its FY22 results, with revenues of $282.4M, up 13% YoY, and EPS of $(0.03) compared to $(0.11) YoY. The revenue increase was attributed to growth in all business units. However, operating costs and expenses also increased by 23% to $295.0M, leading to an operating loss of $12.6M. The net loss was $11.9M, a decrease of 34% from FY21. The company's cash and cash equivalents stood at $47.7M as of December 31, 2022.

Portfolio Pulse from Happy Mohamed

July 03, 2023 | 4:30 pm

EVGN

Evogene Ltd.'s unit Casterra Ag Ltd. has received additional purchase orders worth $2.2 million to supply castor seeds for biofuel production in new African territories. The seeds, developed with Evogene's GeneRator AI Tech Engine, will be used to produce oil for sustainable biofuel. The company had previously signed a framework agreement to sell seeds of its proprietary castor varieties to a leading oil and gas company for cultivation in specific African territories, with initial orders valued at $9.1 million.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2023 | 4:07 pm