PSquared Asset Management AG sold out its stake in BlackLine (NASDAQ:BL) , unloading 304,576 shares in the first quarter, with an estimated trade value of $13.12 million based on quarterly average pricing, according to a May 14, 2026, SEC filing. According to a Securities and Exchange Commission (SEC) filing dated May 14, 2026, PSquared Asset Management AG sold its entire holding of 304,576 shares...
PSquared Asset Management AG sold out its stake in BlackLine (NASDAQ:BL) , unloading 304,576 shares in the first quarter, with an estimated trade value of $13.12 million based on quarterly average pricing, according to a May 14, 2026, SEC filing. According to a Securities and Exchange Commission (SEC) filing dated May 14, 2026, PSquared Asset Management AG sold its entire holding of 304,576 shares in BlackLine during the first quarter. The estimated transaction value was $13.12 million, calculated using the average unadjusted closing price for the quarter. The fund’s quarter-end position in BlackLine was reduced to zero, with a net position change of $16.84 million, reflecting trading activity and price movement. BlackLine, Inc. provides cloud-based software designed to automate and streamline core accounting and finance operations at scale. With a focus on financial close management and accounts receivable automation, the company delivers solutions that help enterprises increase efficiency, accuracy, and compliance in financial processes. BlackLine's technology-driven approach and subscription business model support organizations seeking to modernize their finance functions. Continue reading
(RTTNews) - The Malaysia stock market has moved lower in consecutive trading days, slipping almost 5 points or 0.3 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,745-point plateau although it may find traction on Friday.
(RTTNews) - The Malaysia stock market has moved lower in consecutive trading days, slipping almost 5 points or 0.3 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,745-point plateau although it may find traction on Friday.
Vivek Ramaswamy , the biotech entrepreneur who won the Republican Party’s nomination for Ohio governor this month , has sold off all his shares in BuzzFeed Inc. The onetime presidential candidate sold 3.1 million shares at average price of $1.56 on May 12 as well as 39,000 warrants at 4 cents each, according to a regulatory filing Thursday. Ramaswamy’s sale came the day after the company announced...
Vivek Ramaswamy , the biotech entrepreneur who won the Republican Party’s nomination for Ohio governor this month , has sold off all his shares in BuzzFeed Inc. The onetime presidential candidate sold 3.1 million shares at average price of $1.56 on May 12 as well as 39,000 warrants at 4 cents each, according to a regulatory filing Thursday. Ramaswamy’s sale came the day after the company announced that media mogul Byron Allen was acquiring a 52% stake in BuzzFeed for $120 million. The online news and pop culture outlet has struggled in recent years, losing viewers and advertisers. Allen has said he intends to turn BuzzFeed into a news, weather and entertainment app for viewers at home. Ramaswamy amassed an 8.9% stake in the company in 2024 and called for it to add new board members and hire popular media personalities like Tucker Carlson and Charles Barkley . His purchases at the time were within a range of $1.48 to $2.51 a share, according to a filing.
Earnings Call Insights: GEN Restaurant Group (GENK) Q1 2026 Management View "In the first quarter of 2026, the economic challenges continued to impact customer traffic for all restaurant businesses." (Chairman, CEO & Founder Wook Kim) "This has led to decrease in our same-store sales of approximately 8.8% for the quarter, although our same-store sales decline improved from 11.7% in the fourth quar...
Earnings Call Insights: GEN Restaurant Group (GENK) Q1 2026 Management View "In the first quarter of 2026, the economic challenges continued to impact customer traffic for all restaurant businesses." (Chairman, CEO & Founder Wook Kim) "This has led to decrease in our same-store sales of approximately 8.8% for the quarter, although our same-store sales decline improved from 11.7% in the fourth quarter of 2025." (Chairman, CEO & Founder Kim) "During March of 2026, as part of an ongoing portfolio update, we entered into a partnership with Chubby Cattle International related to 5 of our restaurants." (Chairman, CEO & Founder Kim) "We will own 49% and Chubby Cattle will own 51% of these restaurants, which will be operated under the Chubby Cattle brand." (Chairman, CEO & Founder Kim) "Finally, we have made the strategic decision to slow restaurant developments to 5 to 7 openings for the full year of 2026 and have proactively suspended construction on 6 additional stores." (Chairman, CEO & Founder Kim) "In the first quarter, we had a net loss before income taxes of $7.5 million, which equated to $0.22 per diluted share of Class A common stock." (CFO & Secretary Thomas Croal) Outlook "We anticipate opening 5 to 7 stores by the end of the year 2026." (CFO Croal) "We're targeting full year revenues of $215 million to $225 million and achieving restaurant-level adjusted EBITDA margins of 15% to 15.5% in the second half of 2026." (CFO Croal) "By the end of 2026, we anticipate being at an annual run rate approaching $250 million in revenue." (CFO Croal) "We plan to announce a financial forecast for the CPG division at the end of quarter 2." (Chairman, CEO & Founder Kim) Financial Results "If you look at adjusted net income, a non-GAAP measure, we had a net loss of $4.5 million or $0.14 per diluted share of Class A common stock in the first quarter of 2026" vs. (-$0.10) (non-GAAP EPS estimate, fiscal Q1 2026). (CFO Croal; analysts estimates) "Cost of goods sold as a percentage of...
Earnings Call Insights: KULR Technology Group (KULR) Q1 2026 Management View “On our last earnings call, we told you 2026 will be measured by product revenue growth, gross margin improvement and cost discipline. Q1 showed progress against each of these priorities,” said CEO Michael Mo (Co-Founder, Chairman & CEO), reporting total revenue of $4.8 million (up 98% year-over-year), product sales of $2...
Earnings Call Insights: KULR Technology Group (KULR) Q1 2026 Management View “On our last earnings call, we told you 2026 will be measured by product revenue growth, gross margin improvement and cost discipline. Q1 showed progress against each of these priorities,” said CEO Michael Mo (Co-Founder, Chairman & CEO), reporting total revenue of $4.8 million (up 98% year-over-year), product sales of $2.1 million (up 84% year-over-year), blended gross margin of approximately 29% (vs. 8% in Q1 2025), product sales gross margin of 26%, and that “total loss from operations decreased approximately 22% year-over-year.” Michael Mo (Co-Founder, Chairman & CEO) tied near-term scaling to added capacity: “we signed a new lease for additional 25,000 square feet of manufacturing space to support new battery production lines and high-volume customer programs,” and said KULR had “approximately $19 million in cash as of today and approximately 1,085 Bitcoin in our treasury.” He added capital allocation discipline around crypto: “We’re committing all of our financial resources to our battery business and not acquiring any Bitcoin with cash. The only Bitcoin acquisition is through our existing BTC mining contracts.” Michael Mo (Co-Founder, Chairman & CEO) described product traction centered on KULR ONE Air for NDAA-compliant drones, including the “6S 3P LiFT battery” and an expanded “LiFT Pack family,” plus BMS progress: “we are on track with our customer for 6S, 12S and 18S battery management systems targeting large UAV platforms,” and “completed design of [ MIL-spec EMI-resistant BMS ] for drone-based defense applications.” He also said KULR expanded into “humanoid robots, where we are now engaged with 2 customers,” and that KULR ONE Air was “actively exploring configurations with NDAA-compliant solid-state and lithium metal battery cell providers capable of exceeding 380 watt hour per kilogram.” Michael Mo (Co-Founder, Chairman & CEO) highlighted additional platform vectors: “KULR ONE ...
Earnings Call Insights: AVITA Medical (RCEL) Q1 2026 Management View “Revenue was approximately $19.3 million, up 4% year-over-year and approximately 10% sequentially,” and “we are reaffirming full year guidance of $80 million to $85 million,” as AVITA “begun to see those changes translate into more consistent performance” after focusing on “stabilizing the business” and “improving how we operate”...
Earnings Call Insights: AVITA Medical (RCEL) Q1 2026 Management View “Revenue was approximately $19.3 million, up 4% year-over-year and approximately 10% sequentially,” and “we are reaffirming full year guidance of $80 million to $85 million,” as AVITA “begun to see those changes translate into more consistent performance” after focusing on “stabilizing the business” and “improving how we operate” (President, CEO & Executive Director Cary Vance). “At this point, all 7 Medicare Administrative Contractors have published payment rates for clinician use,” which management said is driving “a gradual return to utilization patterns that reflect procedural demand rather than reimbursement uncertainty,” alongside “expansion in use cases, particularly with RECELL GO mini and smaller burns and trauma settings” (President, CEO & Executive Director Cary Vance). “During the quarter, we announced a new long-term agreement with BARDA to support U.S. burn emergency preparedness,” which management characterized as “a modest level of recurring readiness revenue” and a reinforcement of RECELL’s role in “a mass casualty response” (President, CEO & Executive Director Vance). “Gross profit margin for the quarter was 81.7% compared to 84.7% in the prior year period,” while “total operating expenses were $24.5 million, down 11% year-over-year,” and “net loss for the quarter was $10.6 million or $0.35 per basic and fully diluted share” (Chief Financial Officer David O’Toole). Outlook “We are reaffirming our full year 2026 net revenue guidance of $80 million to $85 million,” and CEO Cary Vance added, “right now, we’re sticking with the guidance,” while describing a view that “this is a business that builds on itself” and that Q1 operational progress should be carried into Q2 (Chief Financial Officer David O’Toole; President, CEO & Executive Director Vance). Management tied the near-term setup to operating cadence, with CEO Cary Vance saying, “as we look ahead to Q2, our focus is on continued ...
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Tesla Inc. has dropped out of the top ten EV companies in the Chinese domestic market as the Elon Musk-led EV giant’s retail sales fell in April. Tesla Drops Out Of Top 10 In a report by CnEVPost on Tuesday, citing the China Passenger Car Association (CPCA) data, BYD Co. Ltd., Geely Automobile Hold...
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Tesla Inc. has dropped out of the top ten EV companies in the Chinese domestic market as the Elon Musk-led EV giant’s retail sales fell in April. Tesla Drops Out Of Top 10 In a report by CnEVPost on Tuesday, citing the China Passenger Car Association (CPCA) data, BYD Co. Ltd., Geely Automobile Holdings Ltd., Changan, Stellantis NV-backed Leapmotor and Xiaomi Corp. made up the top five new energy vehicle (NEV) automakers in the country. Don't Miss: BYD’s sales stood at 182,025 units in April, representing a 32.3% YoY decline, the report said. Tesla’s retail sales fell to over 25,956 units. The figure constituted a 9% YoY decline, but was down more than 50% when compared to March. However, Tesla was fifth in terms of total sales from January to April 2026 with 138,754 units. New Financing Scheme Coinciding with the April sales dip, Tesla also unveiled new, affordable financing options in the Chinese market, according to a CnEVPost report on Wednesday. The automaker is offering the new program on financing plan on the Model 3, Model Y and Y L units produced locally, and is available to consumers who complete the purchase by May 31, 2026. Tesla is offering lower down payments and lower monthly payments, with an annualized interest rate at 0.92% and a new lump-sum payment due at the end of the loan. See Also: Avoid the #1 Investing Mistake: How Your ‘Safe' Holdings Could Be Costing You Big Time Auto Industry Cautions Against China The news comes as industry stakeholders and lawmakers have pushed President Donald Trump to block Chinese investments in the American car market ahead of a key meeting with Chinese President Xi Jinping, where Trump would be accompanied by a host of CEOs, including Musk. Rep. Ro Khanna (D-CA) also cautioned against China’s entry into the American auto industry, terming it a “disaster for American workers.” Photo courtesy: Mijansk786 on Shuttersto...
On May 14, 2026, PSquared Asset Management AG disclosed a new position in Allied Gold (NYSE:AAUC) , acquiring 740,000 shares in an estimated $22.36 million trade based on quarterly average pricing. According to a Securities and Exchange Commission (SEC) filing dated May 14, 2026, PSquared Asset Management AG initiated a new position in Allied Gold by acquiring 740,000 shares. The estimated value o...
On May 14, 2026, PSquared Asset Management AG disclosed a new position in Allied Gold (NYSE:AAUC) , acquiring 740,000 shares in an estimated $22.36 million trade based on quarterly average pricing. According to a Securities and Exchange Commission (SEC) filing dated May 14, 2026, PSquared Asset Management AG initiated a new position in Allied Gold by acquiring 740,000 shares. The estimated value of the purchase was $22.36 million, calculated using the average closing price for the first quarter of 2026. The quarter-end value of the position was $22.90 million, reflecting the new investment. Allied Gold is a Toronto-based gold producer with a diversified portfolio of mining assets across Africa. Its operations span multiple countries and focus on established gold districts. Continue reading