Cathie Wood's ARK funds purchased over 100,000 shares of Cerebras Systems following its public debut at Wednesday's closing price. ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW) acquired 105,616 shares of AI chipmaker Cerebras Systems (CBRS) on Thurs
The biotech firm reported a wider net loss of $60.7 million for Q1 2026, extending its cash runway through 2027. MapLight Therapeutics reported a first-quarter GAAP loss of $1.34 per share, reflecting a net loss of $60.7 million. The figure compares with a $22.3 million ne
Berto Acquisition Corp. II priced 27.4 million units at $10.00 each for its Nasdaq debut, exceeding initial size targets. Berto Acquisition Corp. II priced its initial public offering at $274M, upsizing the deal to 27.4 million units at $10.00 per unit. The units will list
Narrow but strong AI-driven corporate earnings growth is offsetting broader economic headwinds and supporting equity markets. US equities are advancing on an unusually robust AI-led earnings boom, which is outpacing the broader economy and sustaining index gains. The surge
Amprius Technologies will exchange 2.73 million shares for 7.13 million warrants at $11.50 each, reducing dilution by 62%. Amprius Technologies (AMPX) announced agreements to exchange 2.73 million shares for 7.13 million public warrants, reducing potential dilution by 62%.
The crypto exchange reported a wider-than-expected first-quarter loss, dragging shares lower amid broader sector earnings disappointments. Bullish reported a $605 million net loss for the first quarter, missing market expectations and pushing its shares lower. The company
GEN Restaurant Group reports a wider-than-expected quarterly loss, falling short of revenue estimates amid year-over-year earnings decline. GEN Restaurant Group Inc. (GENK) reported a first-quarter loss of $0.14 per share, missing the Zacks Consensus Estimate of a $0.07 lo
PXLW management outlines cost cuts and share repurchase plan following subsidiary sale in Q1 2026. Pixelworks reduced its quarterly cash operating expenses to approximately $2m, aligning with previously announced restructuring efforts. The move follows the sale of its Shan
The company reported a quarterly GAAP loss alongside a decline in cash and cash equivalents to $5.68 million. Innovative Eyewear reported a first-quarter GAAP loss of $0.37 per share, reflecting ongoing financial challenges. The company’s combined cash and cash equivalents
The company reported a 16.7% year-over-year increase in net revenues for fiscal 2025 but widened its loss per share. Pomdoctor Limited reported FY 2025 net revenues of $57.2 million, up 16.7% from the prior year, driven by higher sales volumes. Gross profit rose 9.6% to $7
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