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ELWS

Earlyworks Co., Ltd. (NASDAQ:ELWS), a Japanese company specializing in blockchain technology, has received a delisting determination from Nasdaq due to non-compliance with the minimum bid price requirement. The company failed to meet the $1.00 per share minimum bid price and the $5,000,000 minimum stockholders' equity for continued listing. Earlyworks plans to appeal the determination and is considering options, including a reverse stock split, to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:39 pm

GP

GreenPower shares are trading lower following the announcement of a proposed public offering of common shares and warrants.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:38 pm

AMR

IDR

LMSQF

MTAL

Alpha Metallurgical reported Q1 net income of $127M and sales of $864M, with a share repurchase program of $1.5B. Metals Acquisition announced the redemption of all outstanding warrants for 10 cents each to simplify its capital structure. Latin Metals updated on its Organullo Project, with AngloGold identifying a high-priority drill corridor. Idaho Strategic Resources reported a 76.5% increase in revenue and a significant rise in gold production, alongside cost savings from new contracts and property purchases.

Portfolio Pulse from austin@walkonholdings.com

May 06, 2024 | 8:38 pm

EML

Eastern reported a decrease in its Q1 2024 adjusted EPS to $0.31 from $0.36 year-over-year, and net sales fell to $67.9M from $72.5M in the same period.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:38 pm

OPAD

Offerpad forecasts its Q2 revenue to be between $250M and $300M, which is below the estimated $352.74M.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:38 pm

NE

Noble Corp (NYSE:NE) reported Q1 2024 earnings of $0.66 per share, surpassing the consensus estimate of $0.52 by 26.92%. Quarterly sales reached $612.00 million, exceeding expectations by 3.40% and marking a 0.32% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:38 pm

FOA

Finance of America (NYSE:FOA) reported Q1 2024 adjusted EPS of $(0.03), surpassing the $(0.06) estimate, with sales of $74.682M exceeding the $61.970M forecast. This represents a significant improvement in losses per share compared to last year, but a decrease in sales from the same period.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:38 pm

RKLB

Rocket Lab USA (RKLB) reported Q1 2024 earnings with a smaller loss per share of $(0.09) compared to the expected $(0.10), beating estimates by 10%. However, their sales of $92.767M fell short of the expected $94.995M, missing estimates by 2.35%. Despite this, sales have significantly increased by 68.99% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:37 pm

AMBC

Ambac Financial Group (NYSE:AMBC) reported Q1 2024 adjusted EPS of $0.82, surpassing the $0.09 estimate, marking an 811.11% beat and a 373.33% increase from last year's losses of $(0.30) per share. Sales reached $103M, up 77.59% from $58M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:35 pm

ZETA

Zeta Global Holdings (NYSE:ZETA) reported Q1 2024 earnings with a smaller loss per share of $(0.23) compared to estimates of $(0.25) and a 39.47% improvement from last year. Sales reached $194.947M, exceeding estimates of $187.112M and marking a 23.70% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:35 pm