CBAK Energy Technology reported a 99.3% year-over-year revenue increase to $69.62 million in Q1 2026, fueled by expanded production capacity and strong demand in light electric vehicles and battery raw materials. The battery segment grew 84.3%, with light electric vehicle sales surging 441.6%, while the raw materials segment more than doubled revenues and turned profitable. Despite a net loss of $9.29 million due to ramp-up costs and raw material price pressures, the company expects margin improvements as new production lines mature and pricing adjusts. Cash reserves and operating cash flow remain strong, supporting growth and inventory buildup for rising demand.
Arbor Biotechnologies appointed Mathew Pletcher, Ph.D., as its new Chief Scientific Officer, succeeding John Murphy who is retiring. Dr. Pletcher brings nearly 20 years of experience in gene therapy and rare diseases, having held leadership roles at ...
NRx Pharmaceuticals reported a quarterly EPS of -$0.04, beating estimates and improving from last year, but revenue fell short at $1.07 million. The company is preparing for an FDA decision on its Preservative-Free Ketamine and has FDA clearance for ...
Rein Therapeutics completed a $57.5 million underwritten public offering by selling 57.5 million shares at $1.00 each, including the full exercise of an over-allotment option. The proceeds will fund the Phase 2 clinical trial of their drug LTI-03 for...
Streamex Corp. announced its second monthly yield distribution for GLDY, a gold-backed tokenized security, covering April 2026. The yield is generated through Streamex's institutional gold leasing program, which currently earns an annualized lease yi...
TOYO Co., Ltd announced a 177% increase in Q1 2026 revenue to $142.8 million, driven by higher solar cell and module sales. Net income rose to $28.4 million from a loss of $3.7 million in Q1 2025, with EBITDA improving significantly. The company reaf...
