Latest News for Allreal Holding Stock (OTC:ALRHF)

Allreal Holding Ltd is a real estate portfolio company in Switzerland. The company divides its business into two segments: real estate and project & development. The real estate division has three subdivisions: portfolio management, real estate management, and Building Management. The company's investment portfolio is mainly composed of commercial properties with a small section of residential investments. The project & development division offers a range of services, stretching from site and ground analysis through the construction of the project. The company develops projects in all segments of real estate for private and institutional investors and owners, and its portfolio. The company operates exclusively in Switzerland with the majority of its business in the Zurich area.

Allreal Holding Ltd

News

Guidance

ICUI

ICU Medical Sees FY24 Adj. EPS $4.40-$5.10 Vs $4.730 Est.

SandRidge Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SD#NYSE">SD</a>) reported quarterly earnings of $0.30 per share. This is a 53.13 percent decrease over earnings of $0.64 per share from the same period last year. The company reported $30.28 million in sales this quarter. This is a 29.81 percent decrease over sales of $43.15 million the same period last year.

Earnings

SandRidge Energy Q1 Adj $0.30 Down From $0.64 YoY, Sales $30.28M Down From $43.15M YoY

The Company is reiterating its 2024&nbsp;outlook&nbsp;for full year Adjusted EBITDA between&nbsp;$(20)&nbsp;million&nbsp;and&nbsp;$(10)&nbsp;million. The Company still expects its quarterly revenue and adjusted EBITDA performance to improve sequentially as it progresses through the year with adjusted EBITDA projected to be positive for the second half of 2024.

PRPL

Purple Innovation Reiterates FY24 Net Revenue Outlook Of $540M-$560M, Est $548.909M

QTRX

Quanterix Sees FY24 Revenue $139M-$144M Vs $141.739M Est.

Clipper Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLPR#NYSE">CLPR</a>) reported quarterly earnings of $0.14 per share which beat the analyst consensus estimate of $0.12 by 16.67 percent. This is a 27.27 percent increase over earnings of $0.11 per share from the same period last year. The company reported quarterly sales of $35.760 million which missed the analyst consensus estimate of $36.008 million by 0.69 percent. This is a 6.22 percent increase over sales of $33.667 million the same period last year.

Earnings Beats

Earnings Misses

CLPR

Clipper Realty Q1 2024 FFO $0.14 Beats $0.12 Estimate, Sales $35.760M Miss $36.008M Estimate

Ichor Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICHR#NASDAQ">ICHR</a>) reported quarterly losses of $(0.09) per share which missed the analyst consensus estimate of undefined by Infinity percent. This is a 123.68 percent decrease over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $201.383 million which beat the analyst consensus estimate of $199.986 million by 0.70 percent. This is a 10.84 percent decrease over sales of $225.870 million the same period last year.

ICHR

Ichor Hldgs Q1 2024 Adj EPS $(0.09) Misses undefined Estimate, Sales $201.383M Beat $199.986M Estimate

Virgin Galactic Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NASDAQ">SPCE</a>) reported its first-quarter financial results after the bell Tuesday. Here's a<a href="https://www.benzinga.com/pressreleases/24/05/b38681381/virgin-galactic-announces-first-quarter-2024-financial-results-and-provides-business-update"> look at the highlights. </a>
The Details: Virgin Galactic reported quarterly losses of 25 cents per share which beat the analyst consensus estimate of losses of 29 cents by 13.79%.
Quarterly sales came in at $2 million which beat the analyst consensus estimate of $1.92 million by 4.28% and represented a 410.2 % increase over sales of $392,000 from the same period last year.
The company said its spaceship final assembly facility in Arizona is on track to open in summer 2024, and its production schedule for the Delta Class spaceships remains on track for revenue service in 2026. VMS Eve is expected to support an increased flight rate of up to 125 flights per year and have an annualized run-rate of $450 million in revenue with the first two Delta Class spaceships.
&#8220;It&#8217;s an exciting time for Virgin Galactic as we celebrate the success of VSS Unity with its upcoming &#8216;Galactic 07&#8217; mission and remain laser-focused on executing our Delta Class program. Tool delivery and parts fabrication are beginning to accelerate as we work to complete the bulk of the Delta design phase this summer and move more fully into the build phase. We remain on track for commercial service in 2026,&#8221; said Michael Colglazier, CEO of Virgin Galactic.
Outlook:  Virgin Galactic expects revenue for the second quarter to be approximately $3.5 million and free cash flow to be in the range of negative $110 million to negative $120 million.
Related News: <a href="https://www.benzinga.com/news/earnings/24/05/38653933/hims-hers-health-reports-better-than-expected-q1-results-strong-guidance">Hims &amp; Hers Health Reports Better-Than-Expected Q1 Results, Strong Guidance</a>
SPCE Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Virgin Galactic shares are down 4.85% after-hours at 96 cents at the time of publication Tuesday.
Photo: Shutterstock

SPACE

After-Hours Center

Movers

SPCE

Virgin Galactic Reports Better-Than-Expected Q1 Results

Unusual Machines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMAC#NYSE">UMAC</a>) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced it had formalized its contract for Allan Evans to continue to serve as CEO following Unusual Machine's Board of Directors unanimous approval for two years. &nbsp;
The contract follows a rapid series of business developments since Dr. Evans became the CEO less than six months ago. Since his initial appointment, Unusual Machines successfully listed on the NYSE American, acquired Rotor Riot and Fat Shark from Red Cat Holdings, reincorporated in Nevada, and joined the Red Cat Futures Initiative as part of the Company's expansion into the U.S. government segment of the market.
"It's been a whirlwind of energy and excitement as we work to grow as fast as we possibly can," said Dr. Evans, CEO of Unusual Machines. "Our team is fully bought-in to the mission, and we are well-positioned to drive growth with a focus on getting to cash flow positive. I believe in what we are doing, where we are going, and who we are doing it with."
The Company continues to show strong growth with its existing operations from the acquisitions of Rotor Riot and Fat Shark. Unusual Machines is developing drone components to be manufactured in compliance with the National Defense Authorization Act (NDAA) with a focus on U.S.-based production. The Company expects to release a U.S.-made flight controller for FPV drones during the second quarter of 2024 that will be eligible, through the Company's partners, for Blue UAS certification, a U.S. Department of Defense program certifying drones approved for government use.
"Allan's leadership has propelled us forward at an unprecedented pace," added Andrew Camden, Chief Operating Officer of Unusual Machines. "His strategic foresight is transforming our operations, enabling us to tackle new markets and achieve ambitious goals with precision and confidence. It is exciting working with Allan. His dedication to innovation and excellence is driving our team to new heights of success in this burgeoning industry."
Brian Hoff, Chief Financial Officer of Unusual Machines, added, "The Company has gone through a tremendous amount of change in the last couple of months. Starting with Allan joining the Company, he made an immediate and positive impact through his leadership and fostering of a strong culture. He has a clear vision and path forward for the Company that positions us to fill a big need within the industry, and I look forward to partnering with him for years to come."
The Company changed its independent registered accounting firm to Salberg &amp; Company, P.A. ("Salberg"), as previously announced in an 8-K filed with the SEC on April 16, 2024. Mr. Hoff added, "We are excited to have retained an experienced audit firm like Salberg as the Company moves forward. We have been working diligently to complete our quarterly review procedures and anticipate filing our required quarterly report with the SEC on time."

Management

UMAC

Unusual Machines Formalizes CEO Allan Evans Contract For Two Years Along with Other Corporate Updates

The Company also maintains its expectation for adjusted EBITDA to range between&nbsp;$42.0 million&nbsp;and&nbsp;$45.0 million&nbsp;in 2024.
Synchronoss anticipates the continuation of positive trends it experienced with its customers throughout 2023 and in the&nbsp;first quarter&nbsp;of 2024.&nbsp;

SNCR

Synchronoss Maintains Its Expectation For FY24 Revenue To Range $170M-$175M, Est $171.567M

Compass Minerals Sees 2024 Revenue $900M-$920M vs $1.18B Est.

DNMR

Danimer Scientific Sees FY24 Capital Expenditures $8M-$10M

Superior Gr of Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGC#NASDAQ">SGC</a>) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.07 by 242.86 percent. This is a 300 percent increase over earnings of $0.06 per share from the same period last year. The company reported quarterly sales of $138.842 million which beat the analyst consensus estimate of $135.081 million by 2.78 percent. This is a 6.17 percent increase over sales of $130.773 million the same period last year.

Superior Gr of Cos Q1 2024 GAAP EPS $0.24 Beats $0.07 Estimate, Sales $138.842M Beat $135.081M Estimate

LegalZoom.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LZ#NASDAQ">LZ</a>) reported quarterly earnings of $0.09 per share which missed the analyst consensus estimate of $0.10 by 10 percent. This is a 28.57 percent increase over earnings of $0.07 per share from the same period last year. The company reported quarterly sales of $174.214 million which missed the analyst consensus estimate of $175.188 million by 0.56 percent. This is a 4.99 percent increase over sales of $165.936 million the same period last year.

LegalZoom.com Q1 2024 Adj EPS $0.09 Misses $0.10 Estimate, Sales $174.214M Miss $175.188M Estimate

Provident Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PVBC#NASDAQ">PVBC</a>) (the "Company"), the holding company for <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4160520-1&amp;h=219651870&amp;u=http%3A%2F%2Fwww.bankprov.com%2F&amp;a=BankProv">BankProv</a> (the "Bank"), announced today the appointment of Kenneth Fisher as Executive Vice President and Chief Financial Officer of both the Company and the Bank. Mr. Fisher is a CPA and seasoned financial professional who brings over two decades of experience in finance, accounting and executive leadership to his new role.
BankProv — widely recognized in the commercial banking sector for its devotion to empowering local businesses and for its expertise in delivering innovative banking services — welcomes Mr. Fisher as a key addition to its executive team. In his capacity as CFO, Mr. Fisher will oversee our finance, treasury and investor relation functions, while supporting the Company's strategic initiatives.
Prior to joining BankProv, Mr. Fisher most recently served as CFO at Bluejay Diagnostics, Inc., an early-stage medical diagnostics company. His previous roles include Executive Vice President, Chief Financial Officer, and Treasurer at Meridian Bancorp, Inc. and its subsidiary, East Boston Savings Bank, among others. He holds a Bachelor's Degree in Business Administration from the Isenberg School of Management at the University of Massachusetts at Amherst and is a graduate of the New England School for Financial Studies.
Joe Reilly, CEO of BankProv, expressed his enthusiasm about Mr. Fisher joining the executive leadership team, stating, "We are delighted to announce Ken's appointment as CFO of BankProv. His extensive experience and proven track record in financial services make him an invaluable asset to our organization as we continue to innovate and grow."
In response to his appointment, Mr. Fisher remarked, "I am thrilled to join BankProv and be part of a team that is committed to driving innovation in the banking industry. I look forward to contributing to the continued success and growth of the company."

PVBC

Provident Bancorp Names Kenneth Fisher Executive Vice President And CFO

MLNK

MeridianLink Sees Q2 2024 Revenue $76M-$79M Vs $78.8M Estimate

LPRO

Open Lending Sees Q2 Total Revenue $29M-$33M vs $31.27M Est.

VTOL

Bristow Group Sees FY25 Revenue $1.390B-$1.615B Vs $1.528B Est.

Bristow Group Affirms FY24 Revenue $1.290B-$1.465B Vs $1.400B Est.

Doma Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOMA#NYSE">DOMA</a>) reported quarterly losses of $(1.50) per share which beat the analyst consensus estimate of $(1.56) by 3.85 percent. This is a 53.85 percent increase over losses of $(3.25) per share from the same period last year. The company reported quarterly sales of $66.00 million which missed the analyst consensus estimate of $72.56 million by 9.04 percent. This is a 11.25 percent decrease over sales of $74.37 million the same period last year.

DOMA

Doma Holdings Q1 EPS $(1.50) Beats $(1.56) Estimate, Sales $66.00M Miss $72.56M Estimate

Manitowoc Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) reported quarterly earnings of $0.14 per share which missed the analyst consensus estimate of $0.18 by 22.22 percent. This is a 69.57 percent decrease over earnings of $0.46 per share from the same period last year. The company reported quarterly sales of $495.100 million which beat the analyst consensus estimate of $494.898 million by 0.04 percent. This is a 2.60 percent decrease over sales of $508.300 million the same period last year.