Streetbeat News

Revenues

LIQT

LiqTech International (NASDAQ:LIQT) has received orders for commercial swimming pool water filtration systems totaling $0.7 million in New Zealand, Portugal, and the UK. The projects will use LiqTech's Aqua Solution® membranes based on proprietary silicon carbide technology, offering significant reductions in water spending, energy consumption, and chlorine dosing.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 1:05 pm

EJH

E-Home Household Services Holdings Limited (NASDAQ:EJH) subsidiary Zhongrun Pharmaceuticals won the bid to represent Xi'an Liangjian Technology Co. and is expected to add RMB 30 million in hospital business related results this year. Additionally, Zhongrun signed a contract with Sanno Biosensing Co. for a hospital clinic generic model product, expecting a turnover of up to RMB 10 million in Fujian Province within one year.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 1:03 pm

ACON

ALYA

CVNA

Alithya Group reports Q4 adjusted EPS of $0.04, up from $(0.06) YoY, with sales of $136.22M, up from $94.69M YoY. Aclarion announces significant Nociscan® cost-effectiveness abstract presented at ISASS Annual Meeting. Carvana expects adjusted EBITDA over $50M and total gross profit per unit above $6,000 in Q2.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 12:43 pm

REVG

REV Group has raised its FY23 revenue outlook to $2.45B-$2.55B from the previous $2.3B-$2.5B, and adjusted EBITDA to $120M-$135M from $110M-$130M, due to growth in the Recreation segment.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 11:10 am

AMZN

DIS

GOOG

GOOGL

META

NFLX

PARA

WBD

Amazon is considering launching an ad-supported Prime Video tier to expand its ad business and generate more entertainment revenue. The move could inspire other streaming platforms like Netflix and Disney to follow suit. Amazon is also in talks with Warner Bros. Discovery and Paramount Global to add ad-based tiers of their streaming services through Prime Video Channels.

Portfolio Pulse from Anusuya Lahiri

June 08, 2023 | 11:09 am

GHM

Graham Corporation (GHM) forecasts FY24 revenue of $165M to $175M, surpassing the $150.59M estimate. The company expects a gross margin of 17%-18% and capital expenditures between $5.5M and $7M.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:39 am

TCOM

Trip.com Group Ltd reported Q1 2023 revenues of $1.34 billion, beating the consensus of $1.13 billion. The company's business significantly recovered due to easing travel restrictions in China, with domestic hotel bookings and air-ticket bookings growing substantially.

Portfolio Pulse from Lekha Gupta

June 08, 2023 | 9:23 am

VLN

Valens Semiconductor (NYSE: VLN) plans to cut its workforce by 15% to improve operational efficiency and has revised its FY23 revenue outlook to $83.8M-$84.2M from the prior $97M-$100M. The company reiterates Q2 revenue guidance of $23.9M-$24.1M and expects Q3 revenue of $14.0M-$14.2M.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 9:09 am

BYDDF

FXI

LI

NIO

TSLA

XPEV

China Passenger Car Association reported a 7.3% increase in passenger car sales in China for May, with 1.76 million vehicles sold compared to April.

Portfolio Pulse from Charles Gross

June 08, 2023 | 8:54 am

EGIO

Edgio's board approved a restructuring plan on June 6, 2023, which includes a reduction in force of 134 employees, or 12% of its global workforce. The company expects $3.7 million in charges and $23.7 million in net annual savings.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 9:33 pm