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Tinley Beverage Co Stock (OTC:TNYBF), Short Interest Report

The Tinley Beverage Co Inc is a beverage company. It manufactures a line of liquor-inspired, non-alcoholic, non-cannabis-infused beverages, which are available in retail locations in the United States and parts of Canada. The Company also manufactures cannabis-infused beverages for contract manufacturing clients. It also manufactures the TinleyTM Tonics and TinleyTM 27 line of products. Some of its products include High Horse; Stone Dasiy; Coconut Cask; Almond Cask; Flying Mule and others.

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TINLEY BEVERAGE CO ORD by Tinley Beverage Co, Inc.

TNYBF

CSE:TNY

The Tinley Beverage Company Inc. (OTCQB: TNYBF) (CSE: TNY) provided update on the status of the decommissioning of its Long Beach manufacturing facility and relocation of its bottling and related assets to the new Blaze Life Holdings, LLC (&#34;BLH&#34;) 45,000 square foo

Tinley&#39;s Announces Cost Cutting Initiatives, Board &amp; Management Changes

The Tinley Beverage Company Inc. (OTCQX: TNYBF) (CSE:TNY) appointed Theodore Zittell as CEO and Richard Gillis as president, Tinley&#39;s Brands USA.

Tinley&#39;s Appoints CEO &amp; President Of Tinley&#39;s Brands USA And Grants Stock Options

Tinley&#39;s Secures $3.5M Strategic Investment By Blaze Life Through Convertible Note, New Director Nominees Revealed

The Tinley Beverage Co Inc

Asure Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASUR#NASDAQ">ASUR</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.20 by 10 percent. The company reported quarterly sales of $31.65 million which beat the analyst consensus estimate of $31.07 million by 1.87 percent. This is a 4.27 percent decrease over sales of $33.06 million the same period last year.

Earnings

Earnings Beats

ASUR

Asure Software Q1 Adj $0.22 Beats $0.20 Estimate, Sales $31.65M Beat $31.07M Estimate

Beacon Roofing Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NASDAQ">BECN</a>) reported quarterly earnings of $0.41 per share which beat the analyst consensus estimate of $0.29 by 41.38 percent. This is a 38.81 percent decrease over earnings of $0.67 per share from the same period last year. The company reported quarterly sales of $1.91 billion which beat the analyst consensus estimate of $1.89 billion by 1.16 percent. This is a 10.39 percent increase over sales of $1.73 billion the same period last year.

BECN

Beacon Roofing Supply Q1 Adj EPS $0.41 Beats $0.29 Estimate, Sales $1.91B Beat $1.89B Estimate

"Our 2024 market outlook remains unchanged. Therefore, we reaffirm our full year 2024 guidance of $100 to $120 million in adjusted EBITDA and free cash flow between $40 and $60 million. We anticipate second quarter adjusted EBITDA in the range of $24 to $28 million, with flat U.S. and international market activity, and lower Canadian demand due to the seasonal impact of break up."

Guidance

Forum Energy Technologies Reaffirms FY24 Adjusted EBITDA Guidance Of $100M-$120M And Free Cash Flow Between $40M-$60M; Anticipates Q2 Adjusted EBITDA In The Range Of $24M-$28M, With Flat U.S. And International Market Activity, And Lower Canadian Demand Due To The Seasonal Impact Of Break Up

Forum Energy Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FET#NYSE">FET</a>) reported quarterly losses of $(0.12) per share which beat the analyst consensus estimate of $(0.20) by 40 percent. This is a 233.33 percent decrease over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $202.400 million which missed the analyst consensus estimate of $212.050 million by 4.55 percent. This is a 7.09 percent increase over sales of $189.000 million the same period last year.

Earnings Misses

Forum Energy Technologies Q1 2024 Adj EPS $(0.12) Beats $(0.20) Estimate, Sales $202.400M Miss $212.050M Estimate

WIIM

DMRC

Digimarc shares are trading higher after the company reported better-than-expected Q1 2024 adjusted EPS and sales.

Regency Centers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>) reported quarterly earnings of $1.04 per share which beat the analyst consensus estimate of $1.03 by 0.97 percent. The company reported quarterly sales of $363.852 million which beat the analyst consensus estimate of $358.526 million by 1.49 percent. This is a 14.43 percent increase over sales of $317.977 million the same period last year.

Regency Centers Q1 2024 FFO $1.04 Beats $1.03 Estimate, Sales $363.852M Beat $358.526M Estimate

BOOM

DMC Global shares are trading lower after the company reported better-than-expected Q1 2024 adjusted EPS but missed sales estimates.

Second Quarter 2024 Financial Outlook
<ul>
<li>2Q24 revenue guidance of $1.4 billion to $1.5 billion</li>
<li>2Q24 Contribution Profit1 guidance of $75 million to $85 million
<ul>
<li>2Q24 Adjusted EBITDA1 guidance of $(35) million to $(25) million</li>
</ul>
</li>
</ul>

OPEN

Opendoor Technologies Sees Q2 Revenue $1.4B-$1.5B Vs $1.48B Est.

CRDF

Cardiff Oncology shares are trading lower. The company reported Q1 financial results.

Outlook
The Company's second quarter and full-year 2024 Outlook assumes no further currency movements, acquisitions, or divestitures.
For the second quarter of 2024, RE/MAX Holdings expects:
<ul>
<li>Agent count to change negative 1.5% to 0.0% over second quarter 2023;</li>
<li>Revenue in a range of $75.0 million to $80.0 million (including revenue from the Marketing Funds in a range of $19.0 million to $21.0 million); and</li>
<li>Adjusted EBITDA in a range of $24.0 million to $27.0 million.</li>
</ul>
For the full year 2024, the Company expects:
<ul>
<li>Agent count to change negative 0.5% to positive 1.5% over full year 2023;</li>
<li>Revenue in a range of $300.0 million to $320.0 million (including revenue from the Marketing Funds in a range of $78.0 million to $82.0 million); and</li>
<li>Adjusted EBITDA in a range of $90.0 million to $100.0 million.</li>
</ul>

RMAX

RE/MAX Holdings Sees Q2 Revenue $75M-$80M Vs $78.76M Est.; FY24 Revenue $300M-$320M Vs $310.41M Est.

WillScot Mobile Mini shares are trading higher following a Q1 revenue beat.

ALHC

Alignment Healthcare shares are trading higher after the company reported better-than-expected Q1 revenue results and issued Q2 revenue guidance above estimates. Also, the company raised its FY24 revenue guidance above estimates.

Select Medical Holdings shares are trading higher after the company reported better-than-expected Q1 adjusted earnings and sales.

2024 Outlook
Our guidance for Viad consolidated, Pursuit, and GES is as follows:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">(in millions)</td>
<td colspan="1" rowspan="1">Second Quarter</td>
<td colspan="1" rowspan="1">Full Year</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Viad Consolidated</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">$352 to $377</td>
<td colspan="1" rowspan="1">Up high-single to low-double digits</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA</td>
<td colspan="1" rowspan="1">$51 to $59</td>
<td colspan="1" rowspan="1">$171 to $191</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Cash flow from Operations</td>
<td colspan="1" rowspan="1">$35 to $45</td>
<td colspan="1" rowspan="1">$120 to $140</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Capital Expenditures</td>
<td colspan="1" rowspan="1">
$20 to $25
(including growth capex of ~$5)
</td>
<td colspan="1" rowspan="1">
$65 to $70
(including growth capex of ~$20)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Pursuit</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">$92 to $97</td>
<td colspan="1" rowspan="1">Up mid-single digits</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA</td>
<td colspan="1" rowspan="1">$20 to $24</td>
<td colspan="1" rowspan="1">$105 to $115</td>
</tr>
<tr>
<td colspan="1" rowspan="1">GES</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">$260 to $280</td>
<td colspan="1" rowspan="1">Up low-double digits</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA</td>
<td colspan="1" rowspan="1">$34.5 to $38.5</td>
<td colspan="1" rowspan="1">$80 to $90</td>
</tr>
</tbody>
</table>
</figure>

Viad Sees Q2 Revenue $352M-$377M Vs $328.97M Est.; FY24 Revenue Up High-Single To Low-Double Digits

TRUP

Trupanion shares are trading lower. The company reported Q1 financial results.

Orion S.A. Reiterates 2024 Adj. EBITDA Guidance Range $340M-$360M, Adj. EPS Range $2.05-$2.20 vs $2.16 Est.

SIMO

Silicon Motion shares are trading higher following strong Q2 guidance.

TXRH

Texas Roadhouse shares are trading higher after the company reported better-than-expected Q1 GAAP EPS results.

OLED

Universal Display shares are trading higher after the company reported better-than-expected Q1 2024 GAAP EPS and sales.

Business Outlook
"Our new programs with our flash maker customers are expected to continue to scale throughout this year as the move to increase outsourcing continues to build the foundation for long-term growth of our business," said Wallace Kou, President and CEO of Silicon Motion. "Our highly differentiated controller solutions enable PC and smartphone OEMs to utilize high performance, higher density and lower cost solid state storage to enable cutting edge applications such as AI-at-the-edge. Based on our strong start to the year and our increasing backlog, we are increasing our full-year outlook. We expect our business will continue to improve steadily throughout 2024 as we continue to scale new SSD and eMMC+UFS controller programs that will also improve our ASPs and profitability steadily throughout this year."
For the second quarter of 2024, management expects:
<figure class="table"> 
<table>
<tbody>
<tr>
<td>GAAP</td>
<td>Non-GAAP Adjustment</td>
<td>Non-GAAP</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Revenue</td>
<td>$199m to $208m +5% to 10% Q/Q +42% to 48% Y/Y</td>
<td>--</td>
<td>$199m to $208m +5% to 10% Q/Q +42% to 48% Y/Y</td>
</tr>
<tr>
<td>Gross margin</td>
<td>45.0% to 46.0%</td>
<td>Approximately $0.1m&#x2A;</td>
<td>45.0% to 46.0%</td>
</tr>
<tr>
<td>Operating margin</td>
<td>15.0% to 16.3%</td>
<td>Approximately $2.5m to $3.0m&#x2A;&#x2A;</td>
<td>16.5% to 17.5%</td>
</tr>
</tbody>
</table>
</figure>
&#x2A; Projected gross margin (non-GAAP) excludes $0.1 million of stock-based compensation. &#x2A;&#x2A; Projected operating margin (non-GAAP) excludes $2.5 million to $3.0 million of stock-based compensation and dispute related expenses. &nbsp;
For the full year 2024, management expects:
<figure class="table"> 
<table>
<tbody>
<tr>
<td>GAAP</td>
<td>Non-GAAP Adjustment</td>
<td>Non-GAAP</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Revenue</td>
<td>$800m to $830m +25% to 30% Y/Y</td>
<td>--</td>
<td>$800m to $830m +25% to 30% Y/Y</td>
</tr>
<tr>
<td>Gross margin</td>
<td>44.9% to 46.9%</td>
<td>Approximately $0.5m&#x2A;</td>
<td>45.0% to 47.0%</td>
</tr>
<tr>
<td>Operating margin</td>
<td>10.7 % to 13.1%</td>
<td>Approximately $30.0m to $32.0m&#x2A;&#x2A;</td>
<td>14.7% to 16.7%</td>
</tr>
</tbody>
</table>
</figure>
&#x2A; Projected gross margin (non-GAAP) excludes $0.5 million of stock-based compensation. &#x2A;&#x2A; Projected operating margin (non-GAAP) excludes $30.0 million to $32.0 million of stock-based compensation and dispute related expenses.