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Skillsoft Slips 15% On Quarterly Results

Couchbase Gains On Higher Q1 Revenues

Couchbase, Inc. (BASE) shares are gaining more than 13 percent on Thursday morning trade after the company reported a 25 percent increase in first-quarter revenue.

The company reported revenue of $34.85 million, up from $27.96 million last year.

Looking ahead to the second quarter, the company expects revenue of $35.8-$36.0 million. For fiscal 2023, revenue is projected to be between $147.2 and $148.2 million.

Currently, shares are at $16.00, up 13.11 percent from the previous close of $14.15 on a volume of $431,241. For the 52-week period the shares have traded in a range of $11.68-$52.26 on average volume of $404,638.

‘The Walk’ Review: Two Families So Far Apart

This sentimental drama about an upstanding cop caught up in the 1974 school desegregation conflict in Boston recycles tired white-savior clichés.

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By Devika Girish

‘Ninja Badass’ Review: Kill Bad Guys, Save Hot Babes, Look Silly

Ryan Harris, an auteur of the gross, includes sight gags like puppies in blenders in this tedious action comedy.

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By Calum Marsh

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U.S. Factory Orders Rise Much Less Than Expected In April

After reporting a sharp increase in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Thursday showing factory orders rose by much less than expected in the month of April.

The Commerce Department said factory orders edged up by 0.3 percent in April after jumping by a downwardly revised 1.8 percent in March.

Economists had expected factory orders to advance by 0.7 percent compared to the 2.2 percent surge originally reported for the previous month.

The report showed durable goods orders rose by 0.5 percent compared to the previously reported 0.4 percent increase, while orders for non-durable goods crept up by 0.2 percent.

The Commerce Department also said shipments of manufactured goods inched up by 0.2 percent in April after spiking by 2.2 percent in March.

Inventories of manufactured goods also increased by 0.6 percent in April following a 1.4 percent jump in the previous month.

With inventories rising by more than shipments, the inventories-to-shipments ratio ticked up to 1.48 in April from 1.47 in March.

NIO Declines On Q1 Loss

NIO Inc. (NIO) shares are declining more than 5 percent on Thursday morning trade after the company reported a loss for the first quarter wider than the prior year.

The company reported quarterly loss of RMB 1.783 billion or $281.2 million, compared to loss of RMB 451.04 million last year.

On an adjusted basis, loss was RMB 1.309 billion or $206.6 million.
Currently, shares are at $19.25, down 5.54 percent from the previous close of $20.38 on a volume of 24,888,830.

Opinion | With Elon Musk, the Drama Is the Point

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By Farhad Manjoo

Opinion Columnist

Forge Global Tanks 25% After It Announces Redemption Of Public Warrants

Shares of Forge Global Holdings, Inc. (FRGE) slipped over 25% on Thursday morning after the company announces redemption of public warrants.

FRGE is currently trading at $10.75, down $3.64 or 25.29%, on the Nasdaq. The stock opened its trading at $14.40 after closing Wednesday’s trading at $14.39. The stock has traded between $9.10 and $47.50 in the past 52-week period.

Forge Global Holdings announced that the company will redeem, at 5:00 p.m. New York City time on July 11, 2022 all of its outstanding public warrants and forward purchase warrants to purchase shares of the company’s common stock, $0.0001 par value per share.

The Public Warrants are currently exercisable for an aggregate of 18,466,604 shares of Common Stock at a price of $11.50 per share.

Skillsoft Slips 15% On Quarterly Results

Shares of Skillsoft Corp. (SKIL) are slipping nearly 15% on Thursday morning after the company reported its first-quarter results.

SKIL is currently trading at $5.42, down $0.92 or 14.51%, on the NYSE. The stock opened its trading at $5.53 after closing Wednesday’s trading at $6.34. The stock has traded between $4.11 and $12.88 in the past 52-week period.

Revenues for the quarter rose to $163.9 million from $91.7 million last year. Net loss for the quarter narrowed to $21.6 million or $0.15 per share, compared to $37.4 million or $9.35 per share last year.

Looking forward to full year 2023, the company expects bookings of $790 million to $825 million and adjusted revenues of $765 million to $790 million.