In today’s briefing:
- Uber Technologies Inc.: Major Drivers
- Lyft Inc.: A New Bid To Attract Eco-Conscious Customers – Major Drivers
- Trimble Inc.: Major Drivers
- Coca-Cola Q1 Earnings Preview: Factors To Consider
- Etsy Inc.: Major Drivers
- IRDM: Compounding Free Cash Flow
- Coeptistx (COEP) Deverra Deal Flash Note 20042023
- Soluna Holdings, Inc – Project Dorothy Energized at Last!
- IPAR: Demand Outpacing Expectations
Uber Technologies Inc.: Major Drivers
- Uber Technologies Inc. has delivered good results during this quarter and managed an all-around beat with a positive bottom-line.
- The overall situation is in favor of the company as the competitive environment is getting better.
- We give Uber Technologies Inc. a ‘Hold’ rating with a revised target price.
Lyft Inc.: A New Bid To Attract Eco-Conscious Customers – Major Drivers
- Lyft’s Q4 financial performance was mixed as it reported wider-than-expected losses despite surpassing the revenue expectations of Wall Street.
- The company saw a mix of high demand for ride-sharing services, an improving supply, and promising early results from its cost-cutting initiatives.
- Its overall revenue for 2022 increased by 28% compared to 2021 and the company added $375 million to its insurance reserves.
Trimble Inc.: Major Drivers
- Trimble Inc had a disappointing result and failed to meet Wall Street expectations in terms of revenues as well as earnings.
- The challenges in terms of the supply chain remained the same in the business environment, which has also affected the operations of the company.
- Trimble delivered over 20% organic growth in ARR in addition to high levels of ACV software bookings and cross-sell bookings.
Coca-Cola Q1 Earnings Preview: Factors To Consider
- Inflationary headwinds in Latin America might have had a material effect in Q1.
- However, Coca-Cola’s EMEA and North American results will probably blossom once more.
- Most are non-core and unlikely to influence the stock’s valuation, KO stock is fairly valued.
Etsy Inc.: Major Drivers
- Etsy Inc delivered a mixed set of results during the quarter and managed to surpass the revenue expectations of analysts but its profitability was below par.
- The company’s management claims that its overall reach and consumer demand have increased and the services offered by the company are differentiated.
- The company’s marketing programs, including the Star Seller program, continued to benefit the company.
IRDM: Compounding Free Cash Flow
- IRDM reported first quarter results continuing its recent trend of adding more billable subscribers to its network.
- The first quarter is seasonally a period when there are fewer maritime customers, but Internet of Things (“IOT”) data subscribers grew sequentially
- Equipment revenue has grown over the past year. IRDM’s partners do not stock inventory. Therefore, any planned installs should result in higher subscriber revenue as these units are activated
Coeptistx (COEP) Deverra Deal Flash Note 20042023
- Binding exclusivity to acquire or license Deverra Therapeutics’ platform asset
- CAR-T + GEAR COEP platforms could plug into Deverra platform
- Other key assets – 2x FDA approved PI INDs for CD34+ NK Cells.
Soluna Holdings, Inc – Project Dorothy Energized at Last!
- Project Dorothy now energized. ERCOT (grid operator) has given final approval to energize the first 50 MW of Soluna’s game-changing Project Dorothy.
- The long-delayed project had been held up by ERCOT while it implemented its new Interim Large Load Interconnection Process to ensure grid reliability.
- Energization sets the stage for signing hosting contracts at Project Dorothy. Soluna can now finalize and begin receiving revenues from hosting contracts at Project Dorothy.
IPAR: Demand Outpacing Expectations
- IPAR announced its first quarter sales highlighting the continued momentum in demand the Company has been seeing in recent quarters.
- IPAR’s major brands each grew by more than 20 percent compared to the year ago period.
- IPAR raised full year sales and EPS outlook as the business continues to run with brisk demand
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