Daily Brief United States: Guess? Inc, Eventbrite Inc, Immersion Corporation, Jetblue Airways, Gevo, Granite Ridge Resources and more

• This is our special, one-time report on Guess Inc., a notable entity in the fashion industry that recently made headlines with its strategic acquisition of the New York-based fashion brand Rag & Bone.
• This move signifies a significant leap towards expanding its portfolio and solidifying its presence in the highly competitive fashion sector.
• The announcement was followed by a surge in the company’s stock, further fueled by speculations of a possible take-private initiative.

Key points

• Eventbrite has reduced friction in the customer experience to scale efficiently
• Expanded offerings include reserved seating, merchandise sales, and on-site check-in
• Eventbrite has become a one-stop shop for event creators, increasing customer satisfaction and retention

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• The increase in automotive revenue in 2023 has led to greater revenue diversification at Immersion (IMMR) reducing some of the variability the Company has historically experienced between quarters
• IMMR reported fourth quarter results better than we were projecting led by an increase in automotive and video game revenue.
• The fourth quarter results did not include the benefits of the settlement with Meta Platforms (META), which causes IMMR’s cash balance to rise further

• 1Q24 upgrade from JetBlue increases our confidence that consensus is too low for 2024.
• Investor Day on 30 May will provide the next leg of revenue self-help initiatives.
• We model a minor net profit of $22m in 2025, versus consensus expectations for further losses, and the next 3 months are crucial for the carrier’s long-term prospects.

• GEVO sold 90,666 MMBtu of RNG in 4Q23, up from 81,271 MMBtu in the previous quarter, which translates to 91% of capacity on an annualized basis, while generating standalone cash EBITDA of $1.3 million, down from $1.7 million in 3Q23.
• The RNG division is expected to achieve $12-16 million in cash EBITDA once the company receives the CARB CI score in 2024.
• This is further expected to increase to $30-38 million if California Low Carbon Fuel Standard (LCFS) prices recover to $200 per metric ton.

• During 2023, Granite Ridge executed its portfolio management strategy to grow the asset base and enhance its organic development growth opportunities.
• FY23 production increased 23% Y/Y, far ahead of management’s initial expectations.
• 4Q23 production averaged 26,036 BOE/d, including 12,283 b/d of oil.