Streetbeat News

Revenues

YI

111 Inc reported a 23.9% Y/Y increase in Q1 2023 net revenues to ¥3.7 billion ($538.3 million), marking the 19th consecutive quarterly growth since its IPO. B2B revenues grew 24.9% Y/Y, while B2C revenue remained flat. Adjusted operating income was ¥2.5 million ($0.4 million), and the adjusted loss per ADS was ¥(0.1) or $(0.02).

Portfolio Pulse from Lekha Gupta

June 15, 2023 | 2:00 pm

F

Ford Motor CFO reports that vehicle prices are coming down slightly, as expected, but not experiencing a significant reduction.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 1:53 pm

SMID

Smith-Midland Corporation (NASDAQ:SMID) has secured a $2.1 million contract to produce and install custom precast panels for the BMW Hall 52 Expansion project in Greer, South Carolina. Production will begin later this year, with installation expected to be complete by mid-2024.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 1:03 pm

TAOP

Taoping Inc. plans to launch Cloud Nest AI, a generative AI system across the Cloud to accelerate growth. The system will integrate AI with intelligent Cloud platform technology and product capabilities, empowering end users with smart scene terminals across various industries.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 1:01 pm

CNPOF

RIV Capital Inc. reported a decline in Q4 FY23 revenue, with net revenue of $1.7 million, down from $1.9 million in Q3 FY 2023. The decline is attributed to the illicit market and a statewide decline in medical cannabis sales in New York.

Portfolio Pulse from Vuk Zdinjak

June 15, 2023 | 12:52 pm

BKTI

BK Technologies has received a $924,000 purchase order for BKR 5000 radios from the Washington State Department of Natural Resources. This order will likely boost the company's revenues and strengthen its position in the market.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 12:33 pm

SPY

Core Retail Sales for May came in at 0.1%, in line with the 0.1% estimate.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 12:30 pm

SPY

USA retail sales for May increased by 0.3% month-over-month, beating the estimated -0.1% and higher than the prior 0.4%.

Portfolio Pulse from Happy Mohamed

June 15, 2023 | 12:30 pm

LCFY

Locafy reported Q3 2023 financial results with a 39% YoY increase in total operating revenue to AUD$4.1M, driven by subscription sales and data partner revenues. Subscription revenue increased 42% to $3.1M, while gross margin improved to 77.6%. Net loss was $5.0M, or $4.90 per diluted share.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 12:19 pm

CBAT

CBAK Energy Technology (NASDAQ:CBAT) has received an order worth €116.5 million for lithium-ion batteries from Viessmann Group for 2024. This brings the total order value from Viessmann in 2022 and 2023 to approximately €176.1 million.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 12:10 pm