Triumph Group reported strong Q4 FY24 results with sales of $358.6M (+11% Y/Y) and adjusted EPS of $0.31, beating estimates. The backlog increased by 22% and the company expects improvement in financial metrics.
Key Takeaways:
Canaan’s revenue fell 36% year-on-year in the first quarter even as the prices of bitcoin and other cryptocurrencies skyrocketed
Demand for the company’s mining machines waned as a sharp drop in the amount of new bitcoin being created substantially curtailed the profitability of crypto mining
According to a recent report by Pablo Zuanic of Zuanic & Associates, MariMed (OTC: MRMD) a multi-state cannabis operator (MSO) is positioned for significant stock gains.
America's Next Financial Crisis
In our last post ("America's Next Financial Crisis"), we wrote about how one economist estimates that America's next financial crisis could lead to a 27% decline in living standards.
PropertyGuru Group reported lower Q1 FY24 results with revenue of S$36.5M, missing consensus. Adjusted EBITDA rose to S$4M and EPS loss of S$(0.04). Outlook: revenue of S$165M-S$180M and adjusted EBITDA of S$22M-S$26M.