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Kopin Beats Revenue Estimates Despite Dip, Eyes Growth with New Defense Contracts

By Anusuya Lahiri
May 14, 11:30 AM
KOPN reported Q1 2024 revenue decline to $10.0M, beating analyst estimate of $9.01M. Adjusted EPS loss of $(0.06) missed consensus of $(0.05). Stock price rose. Revenues from Defense grew 35%, while Industrial fell 39%. Product revenues up 18%, R&D revenues down 69%. Expects double-digit growth in 2024. Won contract for OLED microdisplay with low latency night vision sensor.

KOPN

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2 minute read

Sea Limited’s CEO Celebrates Strong Q1 Across Segments, Highlights E-commerce and Digital Entertainment Growth

By Anusuya Lahiri
May 14, 10:02 AM
Sea Limited (SE) beat analyst estimates with 22.8% revenue growth in Q1 2024. Digital Entertainment and E-commerce saw strong growth, while Digital Financial Services revenue increased by 21%. CEO expects profitable growth and positive EBITDA for Shopee in the second half of 2024.

FDCF

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CBD-Focused Avicanna Reports First-Ever Adjusted EBITDA Positive Quarter, 451% YoY Spike In Q1 Record Revenue

By Jelena Martinovic
May 14, 9:27 AM
Cannabis-focused biopharmaceutical company Avicanna Inc. announced on Tuesday financial results for the first quarter of fiscal 2024.CEO Aras Azadian called it its "best quarter." In addition to being its first EBITDA-positive quarter, it also saw record gross margins.Azadian credited the results to "the proprietary nature of products and services we offer in Canada."

AVCNF