Streetbeat News

Revenues

DZSI

DZS (NASDAQ:DZSI) will restate its Q1 2023 financial statements due to timing of revenue recognition for two customer projects, worth approximately $15 million. The company has also lowered its FY23 revenue outlook from $400 million to $370 million.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 12:13 pm

SPCB

SuperCom's subsidiary, Leaders in Community Alternatives (LCA), has expanded its contractual agreements with multiple long-term clients in California, resulting in over $500,000 in additional annual recurring revenue. This expansion highlights the company's commitment to growing its market presence across the US.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 12:08 pm

SYTA

Siyata Mobile has received a $1.2 million order to provide in-vehicle devices and video monitoring for an EMS organization. This deal is expected to boost the company's revenues and strengthen its position in the emergency services market.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 12:04 pm

IWINF

Irwin Naturals reported Q1 FY23 revenue of $22.5 million, down 0.4% from Q1 2022. The company experienced a net loss of $7.7 million, including $6.5 million of impairment charges related to 2022 acquisitions. Adjusted EBITDA was negative $880,000. Irwin Naturals launched its first products in the cannabis market and signed ten brand licensing deals.

Portfolio Pulse from Vuk Zdinjak

June 01, 2023 | 12:02 pm

WKSP

Worksport Ltd (NASDAQ:WKSP) has launched the SC4 PRO soft-folding tonneau cover, expanding its product line and revenue opportunities. The SC4 PRO will be available through multiple distribution channels, including Amazon, Walmart, and the Company's E-commerce platform.

Portfolio Pulse from Anusuya Lahiri

June 01, 2023 | 12:01 pm

CAL

Caleres reiterates its FY23 adjusted EPS outlook of $4.10-$4.30, in line with the $4.17 estimate, but cuts its revenue outlook to $2.82B-$2.88B, down from the prior $2.97B-$3.03B and below the $2.98B estimate. Q2 adjusted EPS is expected to be $0.87-$0.92.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 11:54 am

AEHR

Aehr Test Systems has reported a new customer and an initial order for its FOX-XP multi-wafer test and burn-in system for volume production of silicon carbide MOSFETs. Aehr has also signed a long-term supply agreement with the customer, a multinational industrial conglomerate and semiconductor manufacturer.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 11:40 am

SPTN

SpartanNash forecasts FY23 revenue of $9.9B - $10.2B, compared to the estimated $10.06B.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 11:04 am

M

Macy's Q1 Bluemercury's comparable sales increased by 4.3% YoY on an owned basis, with approximately 676,000 active customers shopping the brand. The strength was seen in clinical and medical skincare and color categories.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 11:02 am

DG

Dollar General has reduced its FY23 same-store sales growth outlook from 3.0%-3.5% to 1.0%-2.0%.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 11:00 am