Yarphoto/iStock via Getty Images Cronos ( CRON ) reported strong financial performance earlier this week with record revenue, increasing profit, and improved net income. The company is benefiting from strong international sales and higher sales in Canada. The company’s strongest synergy is the upcoming acquisition of CanAdelaar in the Netherlands. Cronos does not have any US cannabis operations. T...
Yarphoto/iStock via Getty Images Cronos ( CRON ) reported strong financial performance earlier this week with record revenue, increasing profit, and improved net income. The company is benefiting from strong international sales and higher sales in Canada. The company’s strongest synergy is the upcoming acquisition of CanAdelaar in the Netherlands. Cronos does not have any US cannabis operations. The stock price is up 33.8% over the last year. It has gained 8.3% since I covered the company last March on Seeking Alpha . The stock price is trading around its book value per share. The cannabis sector is returning to positive investor sentiment on recent news of rescheduling medical cannabis in the US and the upcoming move to reschedule recreational cannabis. These events will not have any effect on Cronos’ performance. I continue my rating of a Hold. Q1-2026 Results Cronos reported record Q1 revenue of $45.2 million, a 40% increase YoY and a 1.6% increase QoQ. International sales, especially in Germany, are driving growth, as well as higher domestic sales. Gross profit was $19.2 million, a 39% increase YoY and a 19% increase QoQ. The increase is due to higher international sales, which come without excise tax. Profit margin was 42.36% versus 42.57% YoY and 36.12% QoQ. Cannabis flower sales accounted for $33.7 million of total revenue, a 45% increase YoY. Cannabis extracts made up $11.4 million of revenue, a 33% increase YoY. Sales in Israel were 14.1 million, a 53% increase YoY. Sales in Europe were $5.7 million, a 97% increase YoY. Canadian sales were $25.3 million, a 26% increase YoY. Net income was $15.7 million versus a net income of $6.1 million YoY and a net loss of $1.8 million QoQ. Cash and equivalents were $821.9 million. The company remains debt-free. The current market consensus on Q2 earnings is $44.10 million, an increase YoY. The company will report in August. Current Synergies Cronos again reported record revenue for Q1. Revenue should continue to increas...
Earnings Call Insights: Dragonfly Energy Holdings Corp. (DFLI) Q1 2026 Management View "First quarter results came in above guidance on both net sales and adjusted EBITDA and reflected a softer RV environment as expected," said Founder, Chairman of the Board, President, CEO & Interim CFO Denis Phares, adding that "we continue to see healthy adoption trends within our OEM partnerships" despite "mea...
Earnings Call Insights: Dragonfly Energy Holdings Corp. (DFLI) Q1 2026 Management View "First quarter results came in above guidance on both net sales and adjusted EBITDA and reflected a softer RV environment as expected," said Founder, Chairman of the Board, President, CEO & Interim CFO Denis Phares, adding that "we continue to see healthy adoption trends within our OEM partnerships" despite "meaningful headwinds" in RV shipments and retail sales. Phares highlighted a post-quarter trucking catalyst: "Following our quarter end, Stevens Transport... placed our largest trucking purchase order to date valued at over $3 million, covering nearly 500 trucks," with deliveries expected to "begin in the second quarter and continue to ramp through 2026." On cost actions, Phares said Dragonfly implemented "reductions in marketing spend... targeted workforce reductions and compensation adjustments at the leadership level," including executives and the Board reducing cash compensation "by approximately 20%" and converting that portion to equity; he added, "we have realized approximately $4.5 million in annualized expense reduction" and expect "an additional $4 million" from rental-space consolidation, with actions expected to drive "an annualized adjusted EBITDA improvement of approximately $9 million." On technology and funding, Phares said the company received "our first patent allowance from the Japan Patent Office" for its "powderized solid-state electrolyte" application and was selected for "a $527,000 nondilutive award" tied to Nevada Tech Hub funding to expand cylindrical cell prototyping and testing, with the project expected to run "through Q2 2027." Chief Commercial Officer Wade Seaburg framed trucking demand drivers around economics and regulation, saying diesel prices have "increased significantly," and, "based on our internal fleet modeling, the dual-flow power pack was delivering a payback period of just over 1 year at prior diesel prices" and is now "under 10 mont...
Artist owner of iconic stilt-mounted 1980s Ball-Eastaway House near Sydney prepares to pass on custodianship The house teaches you things, Lynne Eastaway says. Today, a choir of cicadas fill the scrub with a rhythm that rises and falls. On other days, there may be visits from birds, goannas, echidnas, wombats, wallabies and kangaroos. “The bush ends, and the house begins,” she says. “You’re not th...
Artist owner of iconic stilt-mounted 1980s Ball-Eastaway House near Sydney prepares to pass on custodianship The house teaches you things, Lynne Eastaway says. Today, a choir of cicadas fill the scrub with a rhythm that rises and falls. On other days, there may be visits from birds, goannas, echidnas, wombats, wallabies and kangaroos. “The bush ends, and the house begins,” she says. “You’re not the centre; you’re just part of it. That’s the thing you learn. Continue reading...
OpenAI CRO Denise Dresser said that the company's enterprise business - which makes up 40% of its total revenue - has "incredible momentum" and was expected to reach 50% by the end of the year. Dresser made the comments in an exclusive interview with BTV's Tom Mackenzie on Thursday. (Source: Bloomberg)
OpenAI CRO Denise Dresser said that the company's enterprise business - which makes up 40% of its total revenue - has "incredible momentum" and was expected to reach 50% by the end of the year. Dresser made the comments in an exclusive interview with BTV's Tom Mackenzie on Thursday. (Source: Bloomberg)
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The Caixin Must-Read newsletter brings you the best of our coverage from the past week. If you find it valuable, please share it and invite others to subscribe . Get group discounts with a tailored institutional Caixin subscription. Enjoy unlimited access to Caixin’s news website and app, plus premium benefits like event invites, custom services and dedicated support. # Cover Story # Cover Story: How AI Is Mining Worker Data to Reshape the Labor Market
The Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) has always been one of the most well-constructed dividend exchange-traded funds (ETFs) in the industry. Its screening process, which considers balance sheet fundamentals, dividend history, and yield, offers one of the most comprehensive strategies designed to identify the "best of the best" dividend stocks. From its inception in late 2011 through...
The Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) has always been one of the most well-constructed dividend exchange-traded funds (ETFs) in the industry. Its screening process, which considers balance sheet fundamentals, dividend history, and yield, offers one of the most comprehensive strategies designed to identify the "best of the best" dividend stocks. From its inception in late 2011 through 2022, the fund put up a stellar track record. But the dominance of megacap tech stocks from 2023 to 2025 put dividend stocks firmly out of favor, and its performance suffered. Thanks to a broadening of market gains, 2026 has marked the return of the Schwab U.S. Dividend Equity ETF as a leader within the dividend ETF category. The long-term investment case for this fund is fairly straightforward, but it's not always that simple. The focus on income, quality, and value disciplines is attractive. Whether or not investors should buy it right now, however, depends on where the economy is headed and whether the trend toward artificial intelligence (AI) stocks is here to stay. Continue reading
The market was pretty down on Nvidia (NASDAQ: NVDA) earlier this year, and it dipped back below the $5 trillion market-cap threshold. Smart investors saw the opportunity in March, and Nvidia is back to hitting new highs. It's up 18% year to date, trouncing the S&P 500 , and it has a record $5.36 trillion value. Is it too late to buy? Nvidia was hardly a household name over its many decades of oper...
The market was pretty down on Nvidia (NASDAQ: NVDA) earlier this year, and it dipped back below the $5 trillion market-cap threshold. Smart investors saw the opportunity in March, and Nvidia is back to hitting new highs. It's up 18% year to date, trouncing the S&P 500 , and it has a record $5.36 trillion value. Is it too late to buy? Nvidia was hardly a household name over its many decades of operation, mostly selling graphics processing units (GPUs) to power gaming. But it was well positioned to drive artificial intelligence (AI) development when the generative kind took off a few years ago. And having honed its technology to create and refine the GPU, it has become arguably the most important piece of AI development. Continue reading
US President Donald Trump (R) shakes hands with China's President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. Kenny Holston | Afp | Getty Images U.S. President Donald Trump said China has agreed to buy American oil, in a pre-recorded interview with Fox News that aired Thursday evening stateside, as the two nations push for concrete trade and business wins at their ongoin...
US President Donald Trump (R) shakes hands with China's President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. Kenny Holston | Afp | Getty Images U.S. President Donald Trump said China has agreed to buy American oil, in a pre-recorded interview with Fox News that aired Thursday evening stateside, as the two nations push for concrete trade and business wins at their ongoing bilateral summit. "They've agreed they want to buy oil from the United States, they're going to go to Texas, we're going to start sending Chinese ships to Texas and to Louisiana and to Alaska," Trump said in the interview that was conducted after his meeting with Chinese President Xi Jinping in Beijing on Thursday. Trump and Xi are scheduled to meet Friday to close out a two-day summit that has featured pageantry as well as dealmaking including market access for U.S. businesses and purchases of American goods. Beijing also made a pointed warning that mishandling the Taiwan issue could push bilateral ties into a tailspin. Trump's visit marks the first time a sitting U.S. president has traveled to China in nearly nine years. The two leaders are expected to share tea and a working lunch before the U.S. officials depart for Washington. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
China’s leader raised the ancient Greek historian Thucydides when he met the US president in Beijing Trump-Xi China summit – follow live A messy war in the Middle East. Tensions in Taiwan. When the leaders of the world’s two superpowers met in Beijing this week, these were the flashpoints everyone expected they would talk about. Instead, Chinese leader Xi Jinping threw another, ancient war, into t...
China’s leader raised the ancient Greek historian Thucydides when he met the US president in Beijing Trump-Xi China summit – follow live A messy war in the Middle East. Tensions in Taiwan. When the leaders of the world’s two superpowers met in Beijing this week, these were the flashpoints everyone expected they would talk about. Instead, Chinese leader Xi Jinping threw another, ancient war, into the mix. Continue reading...