Q3

GenSight Biologics Announces Update on Real-World Data from Early Access Programs of LUMEVOQ® Gene Therapy at NANOS 2024

Retrieved on: 
Wednesday, March 6, 2024

In both groups, the clinical improvement exceeded the conventional definition of clinical meaningfulness, in which a 15-letter gain is considered meaningful.

Key Points: 
  • In both groups, the clinical improvement exceeded the conventional definition of clinical meaningfulness, in which a 15-letter gain is considered meaningful.
  • The safety profile of the gene therapy continues to be favorable and comparable between bilaterally treated patients and unilaterally treated patients.
  • “Witnessing results like these energizes the GenSight team’s drive to restore early access availability for eligible patients by Q3 this year,” said Laurence Rodriguez, Chief Executive Officer of GenSight.
  • The Company aims to resume early access in France under the Autorisation de l’accès compassionnel (AAC) program in Q3 2024.

Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Palo Alto Networks (PANW) Investors

Retrieved on: 
Tuesday, February 27, 2024

The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Palo Alto Networks (“Palo Alto” or the “Company”) (NASDAQ: PANW ) securities during the period of August 18, 2023 through February 20, 2024 inclusive (“the Class Period”).

Key Points: 
  • The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Palo Alto Networks (“Palo Alto” or the “Company”) (NASDAQ: PANW ) securities during the period of August 18, 2023 through February 20, 2024 inclusive (“the Class Period”).
  • Investors have until April 26, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • On February 20, 2024, Palo Alto announced its financial results for Q2 2024 and lowered its full-year revenue and guidance for Q3.
  • Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation.

Myko AI Raises $2.7 Million from Khosla Ventures to Bring Conversational AI to Sales and Revenue Teams

Retrieved on: 
Monday, February 26, 2024

Myko, the conversational AI for sales and revenue team data, announced it has secured $2.7 million in seed capital from Khosla Ventures to reach new customers and expand its offerings.

Key Points: 
  • Myko, the conversational AI for sales and revenue team data, announced it has secured $2.7 million in seed capital from Khosla Ventures to reach new customers and expand its offerings.
  • The round also included participation from Zero Knowledge Ventures, DayDream Ventures, the AngelList Early-Stage Quant Fund, and others.
  • View the full release here: https://www.businesswire.com/news/home/20240226470467/en/
    Myko is a conversational AI that enables companies to drive more revenue by giving their teams deeper analytical capabilities.
  • “Reporting and analysis are still massive pain points for most sales and revenue teams,” said Myko AI co-founder and CEO, Trevor Lee.

ASRT Lead Plaintiff Deadline Approaching: Kessler Topaz Meltzer & Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Filed against Assertio Holdings, Inc. (ASRT)

Retrieved on: 
Monday, February 26, 2024

The action charges Assertio with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects.

Key Points: 
  • The action charges Assertio with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects.
  • As a result of Assertio’ s materially misleading statements and omissions to the public, Assertio’s investors have suffered significant losses.
  • Kessler Topaz Meltzer & Check, LLP encourages Assertio investors who have suffered significant losses to contact the firm directly to acquire more information.
  • The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel.

Nationwide Inventory Levels Continue to Soar Despite Notable MSA Pullbacks, HouseCanary Report Finds

Retrieved on: 
Thursday, February 22, 2024

As with preceding quarters, the continued inventory influx resulted in an expected Days on Market surge of 26.3% compared to Q4 2022.

Key Points: 
  • As with preceding quarters, the continued inventory influx resulted in an expected Days on Market surge of 26.3% compared to Q4 2022.
  • Given the high inventory levels, Q4 2023 witnessed a marginal increase in median SFR prices of 1.5% compared to the previous year.
  • Chris Stroud, Co-founder and Chief of Research at HouseCanary, commented: “Looking back at Q3, only four of HouseCanary’s tracked MSAs saw inventory decreases on a year-over-year basis.
  • Notable MSAs Signal Potential Inventory Easing: While remaining elevated historically, MSAs including Palm Bay-Melbourne-Titusville, FL have seen significant pullback with inventory dropping -50% year-over-year.

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Palo Alto Networks (PANW)

Retrieved on: 
Thursday, February 22, 2024

The law firm of Kirby McInerney LLP is investigating potential claims against Palo Alto Networks (“Palo Alto” or the “Company”) (NASDAQ: PANW ).

Key Points: 
  • The law firm of Kirby McInerney LLP is investigating potential claims against Palo Alto Networks (“Palo Alto” or the “Company”) (NASDAQ: PANW ).
  • The investigation concerns whether Palo Alto and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
  • On February 20, 2024, during after-market hours, Palo Alto announced its financial results for Q2 2024 and lowered its full-year revenue and guidance for Q3.
  • Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation.

Energy Recovery Reports Record Full Year and Fourth Quarter Revenue for 2023

Retrieved on: 
Wednesday, February 21, 2024

Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the fourth quarter and year ended December 31, 2023.
  • Record annual revenue of $128.3 million, which includes a 79% growth in wastewater and represents nine consecutive years of revenue growth.
  • Record quarterly revenue of $57.2 million, representing a 35% year-on-year growth with strong performance in Energy Recovery’s primary desalination business and the continued rapid expansion of the company’s wastewater sector.
  • “We achieved record annual and fourth quarter revenue in 2023, which represents our ninth consecutive year of revenue growth despite a shift of $8 million revenue associated with a single project that was pushed from the fourth quarter into 2024,” commented David Moon, President and CEO.

Kamux Corporation's Financial Statements Bulletin for January 1--December 31, 2023: Revenue grew and adjusted operating profit increased significantly during the fourth quarter

Retrieved on: 
Friday, March 1, 2024

HÄMEENLINNA, Finland, March 1, 2024 /PRNewswire/ -- Kamux Corporation's Financial Statements Bulletin for January 1—December 31, 2023: Revenue grew and adjusted operating profit increased significantly during the fourth quarter

Key Points: 
  • In the last quarter of the year, our revenue grew by 8.4% and was EUR 242 million.
  • As a result of the good gross profit development, our adjusted operating profit developed positively despite being burdened by e.g.
  • The Group's adjusted operating profit was EUR 5.5 million (+164%) in the fourth quarter and EUR 18.0 million (+3.2%) for the whole year.
  • Kamux expects its adjusted operating profit for 2024 to exceed its 2023 adjusted operating profit, which was EUR 18.0 million.

iRobot Reports Fourth-Quarter and Full-Year 2023 Financial Results

Retrieved on: 
Monday, February 26, 2024

BEDFORD, Mass., Feb. 26, 2024  /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced its financial results for the fourth quarter and full year ended December 30, 2023.  

Key Points: 
  • BEDFORD, Mass., Feb. 26, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced its financial results for the fourth quarter and full year ended December 30, 2023.
  • Geographically, fourth quarter 2023 revenue declined 20% in the U.S., 19% in Japan and 5% in EMEA over the prior period last year.
  • iRobot is providing GAAP and non-GAAP financial expectations for the fiscal year ending December 28, 2024.
  • A detailed reconciliation between the Company's GAAP and non-GAAP expectations is included in the attached financial tables.

The Conference Board Leading Economic Index® (LEI) for the U.S. Declined Further in January

Retrieved on: 
Tuesday, February 20, 2024

NEW YORK, Feb. 20, 2024 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for the U.S. fell by 0.4 percent in January 2024 to 102.7 (2016=100), following a 0.2 percent decline in December 2023.

Key Points: 
  • NEW YORK, Feb. 20, 2024 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for the U.S. fell by 0.4 percent in January 2024 to 102.7 (2016=100), following a 0.2 percent decline in December 2023.
  • "The U.S. LEI fell further in January, as weekly hours worked in manufacturing continued to decline and the yield spread remained negative," said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board.
  • The Conference Board Coincident Economic Index® (CEI) for the U.S. rose by 0.2 percent in January 2024 to 112.1 (2016=100), after a 0.2 percent increase in December 2023.
  • The Conference Board Lagging Economic Index® (LAG) for the U.S. rose by 0.4 percent in January 2024 to 118.6 (2016 = 100), reversing a decline of 0.4 percent in December 2023.