Streetbeat News

Revenues

CVAC

CureVac's shares are trading lower following the company's reported year-over-year revenue decline.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 4:54 pm

BABA

Alibaba shares are trading lower by 2.57% due to concerns over a COVID wave in China and its impact on the country's economic recovery. COVID infections in China could reach 65 million cases per week by the end of June, according to respiratory disease specialist Zhong Nanshan.

Portfolio Pulse from Henry Khederian

May 30, 2023 | 3:15 pm

MMS

Maximus (NYSE:MMS) has won a major five-year contract to deliver over 3.5 million health and disability assessments for the UK Department for Work and Pensions. The combined estimated value of the contracts, including subcontracting, is $1 billion USD over five years.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 3:05 pm

ETRGF

Entourage Health Corp. reported Q1 2023 net revenue of CA$11.8 million, a 4.8% decrease YoY. Gross profit increased to CA$4.0 million, while adjusted EBITDA was negative CA$3.4 million. The company's medical stream grew by 61% and pre-roll sales in the adult-use segment increased, capturing 5% of the market.

Portfolio Pulse from Vuk Zdinjak

May 30, 2023 | 1:24 pm

AGBA

Agba Group showcased its business capabilities in capturing growth opportunities in the Greater Bay Area of China, a region with a combined GDP of $1.7 trillion.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 1:24 pm

FANH

Fanhua Inc. (FANH) reported Q2 adjusted revenue of RMB46 million.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 1:10 pm

AIMD

Ainos, Inc. has launched its VELDONA Pet cytoprotein health supplements, targeting $20 million in sales during 2024. The product will first be marketed in Taiwan in June, with plans to expand sales and marketing in other markets. Ainos aims to capture the lucrative global pet care market, which is projected to grow to over $325 billion in 2028.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 1:09 pm

TTOO

T2 Biosystems announces its second largest sepsis-driven instrument sale in company history, with an initial order of seven T2Dx Instruments valued at over $450,000. The multi-year contract with Biomedica Poland includes the potential for nine additional instruments to be sold and deployed in Polish hospitals during H2 2023.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 1:05 pm

ASGN

ASGN Inc's federal government segment, ECS, has secured a seven-year recompete contract worth $138 million to support the USPS Addressing and Geospatial Technologies (AGT) Professional Support Services program. The AGT program uses mapping technology for visualization, analytics, and other services throughout the USPS.

Portfolio Pulse from Akanksha Bakshi

May 30, 2023 | 12:55 pm

DBCCF

Decibel Cannabis Company Inc. reported record net revenue of $20 million in Q1 2023, a 63% YoY growth. Gross profit increased by 204.5% to CA$9.4 million, and gross profit margin was 34.8%. Net loss was CA$569,000, and adjusted EBITDA was CA$6.8 million.

Portfolio Pulse from Vuk Zdinjak

May 30, 2023 | 12:26 pm