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PROC

Procaps Group (NASDAQ:PROC) has postponed its earnings conference call, originally scheduled for November 16, 2023, to an unspecified later date. The call will be rescheduled following the publication of the company's Q3 and nine-month results ending September 30, 2023. Details for the rescheduled conference call and webcast will be announced prior to the event.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:43 pm

ASNS

Actelis Networks reported Q3 revenues of $850K, a decrease from $1.35M in the same quarter of the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:41 pm

GREE

Greenidge reported Q3 2023 revenue of $20.9M, which fell short of the estimated $22.6M. This miss could indicate potential challenges or underperformance in the company's operations.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:41 pm

SQFT

Presidio Property Trust (NASDAQ:SQFT) experienced a significant decline in earnings per share (EPS) in Q3, reporting a loss of $(0.01) per share compared to a profit of $0.01 per share year-over-year (YoY). However, the company saw a slight increase in sales, with $4.48M reported this quarter, up from $4.39M in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:38 pm

AAPL

MSFT

NKE

NVDA

QCOM

SBUX

TSLA

XOM

The Asia-Pacific Economic Cooperation summit in San Francisco features a key meeting between U.S. President Joe Biden and Chinese President Xi Jinping, aiming to improve U.S.-China relations. Business leaders from major U.S. companies, including Citigroup, Exxon Mobil, Microsoft, Tesla, and others, seek to establish better commercial ties with China amid recent trade tensions and sanctions. Companies like Tesla, Apple, Ford, Starbucks, Nike, Qualcomm, and NVIDIA, which have significant exposure to the Chinese market, are sensitive to these developments.

Portfolio Pulse from Natan Ponieman

November 14, 2023 | 10:37 pm

SHFS

Safe Harbor Financial (NASDAQ:SHFS) reported a significant increase in revenue for Q3 2023, with a 82.11% rise to $4.3 million, driven by higher investment and loan interest income, and increased deposit activity. However, operating expenses also rose, leading to a net loss of $748,067 for the quarter. For the nine-month period, revenue increased to $13.1 million, but net loss was $19.8 million due to higher operating expenses. The company processed over $1 billion in cannabis-related funds each quarter and grew its credit portfolio by 123% year-over-year. Despite a slight decrease in share price, the company maintains a strong cash position and has reduced operating expenses since the end of 2022.

Portfolio Pulse from Joana Scopel

November 14, 2023 | 10:36 pm

GOEV

Canoo Inc. (NASDAQ:GOEV) reported Q3 losses of 18 cents per share, which was below the analyst consensus estimate of a 12-cent loss. Year-over-year, the loss widened from 43 cents per share. Quarterly sales were $519,000, also missing the expected $610,000. The company's cash reserves stood at $8.3 million, with net cash used in operating activities totaling $191.4 million for the nine months ending Sept. 30. Canoo forecasts an adjusted EBITDA loss of $85 million to $105 million for the second half of 2023. Despite the financial results, CEO Tony Aquila expressed optimism about the company's transition to manufacturing and revenue generation, aiming for an annual unit capacity of 20,000. After the earnings release, GOEV shares saw a slight decrease of 0.07% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

November 14, 2023 | 10:36 pm

AMD

AVGO

BKNG

INTC

NVDA

QQQ

SOXX

TXN

Michael Burry, known for his 'Big Short' fame, has placed a $47 million short bet against the semiconductor sector by purchasing put options on the iShares Semiconductor ETF (SOXX). This move comes after closing significant short positions on the S&P 500 and Nasdaq. SOXX includes major chipmakers like Nvidia (NVDA), AMD (AMD), Broadcom (AVGO), Intel (INTC), and Texas Instruments (TXN). The sector has grown 47% YTD, outperforming the broader tech market's QQQ, which is up 45%. Additionally, Burry has shorted Booking Holdings Inc. (BKNG) with 2,500 put options.

Portfolio Pulse from Piero Cingari

November 14, 2023 | 10:35 pm

FRD

Friedman Industries (FRD) anticipates margin improvement in Q3 and Q4, despite expecting a slight decrease in sales volume for Q3 2024 compared to Q2, mainly due to holiday season effects.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:35 pm

SOLUSD

USDTUSD

FTX-labelled addresses transferred 250,000 Solana (SOL) and $4 million in Tether (USDT) to Binance and Wintermute. Solana's price increased by 3% in 24 hours, with a 27% gain over seven days and 155% over the month. The market cap exceeded $20 billion. The transfers are part of FTX's bankruptcy proceedings, with $100 million in Solana moved to exchanges recently. Despite the selling, Solana's price has not been negatively impacted.

Portfolio Pulse from Khyathi Dalal

November 14, 2023 | 10:34 pm