SemiLEDs press release (NASDAQ:LEDS): Q3 GAAP EPS of -$0.06. Revenue of $1.32M (-21.4% Y/Y). The company’s cash and cash equivalents were $1.7 million at May 31, 2024, compared to $1.6 million at the end of the second quarter of fiscal 2024. Outlook: The company expects revenue for the fourth quarterContinue Reading
Avid Bioservices press release (NASDAQ:CDMO): Q4 GAAP EPS of -$1.94 misses by $1.90. Revenue of $42.98M (+8.0% Y/Y) beats by $0.84M. As of April 30, 2024, the company’s backlog was $193 million, consistent with a backlog of $191 million at the end of the same quarter last year. The companyContinue Reading
Gauzy (NASDAQ:GAUZ) shares rose 9% in premarket trade after Stifel initiated coverage on the company with a Buy rating and a target price of $18. Stifel expects sales growth of 42% in FY24 and FY25, driven by new program wins across all key segments. “We expect new program ramps acrossContinue Reading
Intuitive Machines (NASDAQ:LUNR) were in focus on Friday as B Riley Securities initiated coverage on the space exploration company with a Buy rating and a 12-month price target of $8. “Intuitive has superior capabilities and trade secrets relative to other competitors also vying for a piece of NASA’s multi-billion-dollar programsContinue Reading
sefa ozel/E+ via Getty Images Kyndryl Holdings’ (NYSE:KD) stock rose about 2% on Thursday after Oppenheimer initiated coverage with an Outperform rating. The firm has set a $33 price target on shares of the company, which provides IT infrastructure and cloud services. Analysts led by Ian Zaffino noted that, withContinue Reading
shaunl/E+ via Getty Images Offshore drilling contractor Seadrill (NYSE:SDRL) on Tuesday announced that it has completed the $250 million share repurchase program initiated in December 2023 and will cancel the acquired shares. As an initial step under the new repurchase program, the Board has authorized the company to purchase upContinue Reading
