Hut 8 (NASDAQ:HUT) expects its AI vertical to start generating revenue in the second half of 2024. “Commercialization efforts for our new AI vertical are also progressing nicely, the energy infrastructure operator said, with more than half of its 1,000 NVIDIA H100 GPUs configured and under testing at the manufacturer’sContinue Reading
LQR House (NASDAQ:LQR) has announced a significant 260% Y/Y increase in revenue for the month of June 2024 compared to the same period in 2023. The Co. believes that this achievement underscores LQR House’s performance and continued growth trajectory in both the ecommerce and alcohol sectors, as well as itsContinue Reading
U.Today – has surpassed in fee income over the past year by an epic 100%, according to the newest report from Lookonchain. Thus, its network has recorded $2.73 billion in fee income, the most in the industry. Bitcoin, in second place, generated $1.3 billion. Closing the top three is TronContinue Reading
Nano Dimension (NASDAQ:NNDM) showed preliminary Q2 results, with unaudited consolidated revenues of ~$14.8M, up 11% from the previous quarter. The company also highlighted continued improved performance based on the Reshaping Nano Initiative, with results expected to be shown when complete results for Q2 will be published.Continue Reading
Simulations Plus press release (NASDAQ:SLP): Q3 Non-GAAP EPS of $0.19 beats by $0.03. Revenue of $18.54M (+14.2% Y/Y) beats by $0.62M. Software revenue increased 12% to $11.9 million, representing 64% of total revenue Services revenue increased 18% to $6.6 million, representing 36% of total revenue Gross profit was constant atContinue Reading
Faced with the challenge of “navigating macro headwinds that will have a pronounced impact on fiscal 2025” and continued softness in China, Nike (NYSE:NKE) now expects FY25 sales for the sportswear giant to be down mid-single-digits with sales in the first half of the year down by high-single-digits. The companyContinue Reading
Nike (NYSE:NKE) shares are reversing a knee-jerk reaction higher and losing ground after remarks from the company’s CFO acknowledging macro challenges hinted to a guidance cut, and FQ4 revenue was worse than Wall Street expected. Shares are down 5%, dragging down Foot Locker (FL) by 3% in sympathy. The sportswearContinue Reading
Culp press release (NYSE:CULP): Q4 GAAP EPS of -$0.39. Revenue of $49.5M (-19.4% Y/Y). Financial Outlook Due to the uncertainty in the macro-environment, as well as the significant activity underway in connection with the company’s restructuring initiatives, the company is only providing limited financial guidance at this time. While macroContinue Reading
Hennes & Mauritz press release (OTCPK:HNNMY): Q2 GAAP EPS of SEK 3.11. Revenue of SEK 59.6B (+3.4% Y/Y). The company said that there was significant improvement in cash flow from operating activities, which increased to SEK 12,600M. Outlook: “The sales for the month of June 2024 are expected to decreaseContinue Reading
Aterian (NASDAQ:ATER) shares rise about 34% after market hours on raised Q2 revenue and adj EBITDA guidance. Second Quarter 2024 Net Revenue Range Improved to Between $23 Million to $26 Million. Second Quarter 2024 Adjusted EBITDA Range Improved to Between a Loss of ($1.0) Million to $0.0 Million. It alsoContinue Reading
