Streetbeat News

Revenues

DAL

LE

Lands' End reported Q1 sales increase of 1.9% YoY to $309.56 million and a narrowed EPS loss of $(0.05). U.S. eCommerce revenue increased by 1.6%, while international eCommerce revenue decreased by 42.5%. Outfitters net revenue increased by 37.1% YoY, driven by inventory sales to Delta Air Lines.

Portfolio Pulse from Nabaparna Bhattacharya

June 01, 2023 | 4:08 pm

IZEA

IZEA Worldwide, Inc. has been awarded a mid-six-figure contract to promote a national specialty retailer through influencer marketing across multiple social media platforms in 2023. The company has seen an increase in bookings over the past three months, with May being the strongest month for Managed Services.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 3:06 pm

BYDDY

Chinese EV maker BYD Company reported a 108.4% YoY increase in production to 246,259 vehicles in May 2023, with sales jumping 109% to 240,220 vehicles. Battery electric vehicle production and sales also saw significant growth.

Portfolio Pulse from Shivani Kumaresan

June 01, 2023 | 2:50 pm

BABA

Alibaba shares are trading higher by 2.16% to $81.29 despite concerns over China's economic recovery and a potential COVID wave. The manufacturing PMI dropped to 48.8, indicating a contraction, and COVID infections could reach 65 million cases per week by the end of June.

Portfolio Pulse from Henry Khederian

June 01, 2023 | 2:29 pm

CRON

Cronos Group is exiting its US hemp-derived CBD operations by Q2 2023 to improve cash flow and position itself for the US THC market when regulatory conditions change. The company is increasing its 2023 operating expense savings target to $20-$25 million and plans to bring the Lord Jones brand to the Canadian market in Q4 2023.

Portfolio Pulse from Nina Zdinjak

June 01, 2023 | 2:19 pm

INNPF

Innocan Pharma Corporation reported Q1 2023 revenue of $1.6 million, a 500% increase compared to Q1 2022, mainly due to increased sales from its subsidiary, B.I. Sky Global Ltd. Gross profit was $1.4 million, and gross profit margin was 87.8%. The company's cash balance stood at $4.1 million as of March 31, 2023.

Portfolio Pulse from Vuk Zdinjak

June 01, 2023 | 1:51 pm

KSCP

Knightscope (NASDAQ:KSCP) has fulfilled a $1.2 million contract for its K1 Call Boxes, expanding the Kenneth Hahn Call Box System by 210 units. This comes just weeks after securing a separate $1.25 million contract from Rutgers University.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 1:36 pm

GLDD

Great Lakes Dredge & Dock Corporation (GLDD) has announced the receipt of $186.6 million in awarded work, which includes several dredging projects.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 1:25 pm

DZSI

DZS announced it will restate its Q1 2023 financial statements and lowered its FY23 revenue guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 1:24 pm

GRIL

Muscle Maker, Inc. reported top line revenue of over $58.9 million for April 2023, showcasing strong financial performance.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 1:10 pm