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AFIB

Acutus Medical's stock is trading higher following the grant of European Patent Number EP3294399 for a 'Catheter System For Left Heart Access.' This development could signal potential growth and market expansion in Europe for Acutus Medical's innovative heart access technology.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:12 pm

MOTS

Motus GI's stock price increased following the announcement that the company has been granted U.S. Patent #11904085 for 'Systems And Methods For Cleaning A Colon.' This patent strengthens the company's intellectual property portfolio, potentially enhancing its competitive position in the medical device market.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:10 pm

CVI

CVR Energy (NYSE:CVI) reported Q4 adjusted EPS of $0.65, surpassing the $0.34 estimate, but its sales of $2.20B fell short of the $2.26B estimate. This represents a 61.31% decrease in earnings and a 17.81% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:10 pm

MTTR

Matterport Inc (NASDAQ:MTTR) reported Q4 financial results with sales of $39.55 million, missing the consensus estimate of $40.22 million and showing a 3.88% decrease year-over-year. The company met earnings expectations with losses of 4 cents per share. Despite the miss, subscription revenue grew by 23% year-over-year. Matterport provided weak guidance for Q1 and the full year 2024, expecting lower than estimated revenues and adjusted losses.

Portfolio Pulse from Erica Kollmann

February 20, 2024 | 10:08 pm

LZB

La-Z-Boy's stock price declined following the announcement of disappointing Q3 financial results and future guidance that did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:08 pm

LILM

Lilium N.V (NASDAQ:LILM) has partnered with Star Charge to develop and provide a customized charging system for its all-electric eVTOL jets. Lilium ordered 120 chargers from Star Charge for ground and flight testing, aircraft maintenance, delivery center activities, and customer vertiports. The chargers, compatible with the Combined Charging System (CCS), feature liquid cooled cables for fast charging, expected to reduce charging times and support higher utilization of the Lilium Jet. Deliveries of the chargers will begin this year, with Lilium's eVTOL service expected to start in 2026.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:07 pm

NEO

NeoGenomics shares surged following the announcement of Q4 financial results that exceeded expectations, along with FY24 adjusted EPS guidance surpassing estimates.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:06 pm

UCAR

U Power Limited (NASDAQ:UCAR), a provider aiming to become a comprehensive EV battery solution provider in China, received a Nasdaq delisting notification due to its shares closing at $0.10 or less for ten consecutive days, violating the Low Priced Stocks Rule. Additionally, it fails to meet the Minimum Bid Price Rule with shares below $1.00. U Power plans to appeal this decision to a Hearings Panel on February 21, 2024, to prevent suspension and delisting scheduled for February 23, 2024. The company is considering options, including a reverse share split, to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:06 pm

OXY

WES

Western Midstream Partners (WES) has addressed rumors about a potential sales process, clarifying that it has not initiated any such process nor engaged with bankers or advisors for this purpose. The statement followed news coverage suggesting a sales process and mentioned Occidental Petroleum Corporation's (OXY) interest in divesting assets, though WES did not specify which assets OXY might be considering for divestiture.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:04 pm

MED

Medifast shares are trading lower following the company's announcement of weak guidance for future performance.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:04 pm