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PLUR

Pluri Inc. has announced a 1-for-8 reverse share split, effective at the market open on April 1. This action will consolidate every eight shares of Pluri Inc. into one share, potentially affecting the stock's liquidity and market perception.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:05 am

EDAP

Edap TMS (NASDAQ:EDAP) reported Q4 earnings with a loss of $(0.15) per share, missing the $(0.05) estimate by 200%, and a 7.14% decrease from last year. However, their quarterly sales of $21.30M exceeded the $19.66M estimate by 8.34%, marking a 31.55% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:02 am

REE

REE Automotive has announced that its orderbook value has now exceeded $50 million, marking a significant milestone for the company.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:57 am

LE

Lands' End anticipates Q1 revenue to be between $255M-$285M, falling short of the $283.97M estimate. The company also projects an adjusted loss per share of $(0.30)-$(0.24), which is worse than the $(0.12) estimate.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:53 am

LE

Lands' End reported Q4 adjusted earnings of $0.25 per share, surpassing the $0.21 estimate, marking a 350% increase from last year's losses. Sales reached $514.85M, exceeding the $502.71M estimate but showing a 2.79% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:49 am

DTIL

Precision BioSciences (NASDAQ:DTIL) reported a Q4 GAAP EPS loss of $(4.06), missing the consensus estimate of $(2.05) by 98.05%. Year-over-year, this represents a 47.27% decrease in losses from $(7.70) per share. However, Q4 sales of $7.04M fell short of the $12.48M estimate by 43.61%, marking a 33.59% decrease from the previous year's $10.60M.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:48 am

QS

QuantumScape Corporation (NYSE:QS) has started shipping Alpha-2 prototype battery cells to customers, achieving a significant 2024 goal ahead of schedule. These prototypes are crucial for the development of QuantumScape's first commercial product, QSE-5, and feature improvements such as higher energy density compared to previous prototypes.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:47 am

LICY

Li-Cycle Holdings Corp (NYSE:LICY), a lithium-ion battery resource company, announced a workforce reduction of approximately 60 positions, or 17% of its global workforce, as part of its cash preservation plan. The company expects to incur $8.3 million in charges related to the workforce reductions, primarily in cash severance payments over the next twelve months. These measures are anticipated to save about $10 million annually in payroll and benefits. Li-Cycle is transitioning to a centralized management structure to increase efficiencies and has made several executive changes, including appointing Craig Cunningham as interim CFO. LICY shares dropped 4.67% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 27, 2024 | 10:45 am

EQIX

Wolf Haldenstein Adler Freeman & Herz is investigating Equinix (EQIX) for potential violations of federal securities laws, focusing on whether the company issued false or misleading statements or failed to disclose important information to investors.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:36 am

MRK

Merck's stock price increased following FDA approval for its drug Winrevair (sotatercept) aimed at treating adults with pulmonary arterial hypertension.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:33 am