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Revenues

ASLN

ASLAN Pharmaceuticals has signed a licensing deal with Zenyaku Kogyo to develop and commercialize Eblasakimab in Japan. ASLAN will receive up to $15 million in upfront and near-term payments, and up to an additional $123.5 million based on development and commercial milestones, plus tiered royalties on sales.

Portfolio Pulse from Nabaparna Bhattacharya

June 22, 2023 | 1:24 pm

LVO

LiveOne's subsidiary PPVOne has signed a multi-year live streaming partnership with Ice Wars International. PPVOne has generated $28 million in revenue and $4 million in EBITDA with over 150 events.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 1:10 pm

CDMO

Avid Biosciences issued FY24 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 1:10 pm

ABT

Abbott's FreeStyle Libre 2 continuous glucose monitoring system has received national reimbursement in France for all people with diabetes who use insulin. France is the first European country to grant national reimbursement for people who use basal insulin, following similar expansions in Japan and the U.S. (Medicare).

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 1:01 pm

INTC

TSM

Intel Corp plans to restructure its manufacturing business, aiming to become the second largest foundry with projected revenue over $20 billion. The company has not disclosed a timeline for the restructuring or named new external customers. Intel also announced a 20% stake divestment in its IMS Nanofabrication business to Bain Capital Special Situations for $4.3 billion.

Portfolio Pulse from Anusuya Lahiri

June 22, 2023 | 12:23 pm

HES

Hess Corporation expects its cash flow to increase by 25% per year for the next five years, assuming an oil price of $75 per barrel, according to Reuters.

Portfolio Pulse from Bill Haddad

June 22, 2023 | 12:18 pm

MTEK

Maris-Tech has received a $333k grant from the Israel Innovation Authority for the first year development of an ultra-HD surround video and AI-based system for onboard situation awareness for nanosatellite platforms, with a total budget of $880k.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 12:16 pm

SLNH

Soluna Holdings CEO John Belizaire published an open letter to shareholders, discussing the company's challenges in 2022 and outlining its path to profitability. The focus for 2023 is on energizing and commercializing Project Dorothy, with positive cash flow expected in the second half of the year.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 12:14 pm

LCFY

Locafy Limited (NASDAQ:LCFY) has signed an agreement with a prominent U.S.-based diversified media company to sell its Keystone technology among the media company's portfolio of assets. The Keystone technology optimizes clients' websites to rank highly for competitive, national keywords, helping them combat AI-generated content.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 12:12 pm

LMND

Lemonade announced the renewal of its reinsurance program, maintaining its financial expectations for Q2 and FY23 unchanged.

Portfolio Pulse from Bill Haddad

June 22, 2023 | 12:07 pm