Archives

Vaderis Therapeutics Raises $152 Million Series B And Launches Phase 3 HEROIC Study For Engasertib

By Amit Chowdhry ● Yesterday at 8:19 AM

Vaderis Therapeutics has closed an oversubscribed $152 million Series B financing and initiated its global Phase 3 HEROIC study evaluating engasertib in patients with hereditary hemorrhagic telangiectasia. The private financing was co-led by Life Sciences at Goldman Sachs Alternatives and TCGX, with participation from Omega Funds, EQT Life Sciences, Perceptive Advisors and Kalehua Capital, along with existing investors Medicxi and Droia.

LegalZoom: Agentic AI Resolves 40% Of Customer Inquiries As Trademark Search Time Falls 55%

By Amit Chowdhry ● Yesterday at 8:18 AM

LegalZoom is increasingly using artificial intelligence across customer service, legal workflows and sales, with agentic AI now fully resolving approximately 40% of customer-care inquiries end-to-end while AI tools have reduced trademark classification search time by 55%.

Remitly: Business Receivers Top 25,000 As First $1 Million Volume Customer Joins Platform

By Amit Chowdhry ● Yesterday at 8:17 AM

Remitly’s expansion beyond traditional consumer remittances is gaining traction, with its Business Receivers surpassing 25,000 active businesses in the second quarter of 2026, while separate high-value sender activity included the company’s first $300,000 transaction and the first customer to reach $1 million in volume.

Redwire: Defense Tech Backlog Nearly Doubles To $220 Million As Book-To-Bill Reaches 2.35x

By Amit Chowdhry ● Yesterday at 8:17 AM

Redwire's Defense Tech backlog nearly doubled during the first half of 2026 as strong demand for autonomous systems, sensors and intelligence technologies pushed the segment’s quarterly book-to-bill ratio to 2.35x.

Clearfield: $22 Million Hyperscale Data Center Order Opens Major New Market Beyond Broadband

By Amit Chowdhry ● Yesterday at 8:16 AM

Clearfield secured its first significant hyperscale data center order shortly after the end of its fiscal third quarter, landing a $22 million project that expands the fiber connectivity company’s addressable market beyond its traditional broadband customer base.

VIAVI: Network And Service Enablement Revenue Surges 69% As Data Center And Defense Expansion Accelerates

By Amit Chowdhry ● Yesterday at 8:15 AM

VIAVI’s Network and Service Enablement business generated 69.2% year-over-year revenue growth during its fiscal fourth quarter of 2026 as the company’s expansion into data center infrastructure and aerospace and defense markets accelerated.

Envista: $12.6 Million IEEPA Tariff Refund Arrives As Adjusted EBITDA Rises 28%

By Amit Chowdhry ● Yesterday at 8:14 AM

Envista received a $12.6 million tariff refund benefit during the second quarter of 2026 as stronger demand for dental equipment and consumables, operational improvements, and margin expansion pushed Adjusted EBITDA up 28% year-over-year.

Sea: Monee Loan Book Surges 63% To $11.1 Billion As 90-Day NPL Ratio Holds At 1%

By Amit Chowdhry ● Yesterday at 8:13 AM

Sea Limited's Monee digital financial services business continued its rapid expansion during the second quarter of 2026, with consumer and small and medium-sized enterprise loans outstanding increasing 62.5% year-over-year to $11.1 billion while the percentage of loans more than 90 days past due remained stable at 1%.

Lumentum: AI Demand Accelerates Q1 Revenue Target To $1.25 Billion As Operating Margin Approaches 40%

By Amit Chowdhry ● Yesterday at 8:12 AM

Lumentum is accelerating beyond its previous financial targets as artificial intelligence infrastructure demand drives increasing adoption of optical connectivity across data centers. The company expects fiscal first-quarter 2027 revenue of $1.225 billion to $1.275 billion, putting the midpoint at $1.25 billion and allowing Lumentum to reach its target financial model more than a quarter ahead of schedule.

CAVA: 94 New Restaurants Outperform Expectations As Store Base Expands Nearly 20%

By Amit Chowdhry ● Yesterday at 8:10 AM

CAVA's restaurant expansion continues to outperform management's expectations, with 94 net new restaurants opened during or subsequent to the second quarter of fiscal 2025, helping drive a 31.3% increase in Q2 2026 CAVA revenue to $365.4 million.

H&R Block: Operating Cash Flow Jumps 23% To $839 Million As $714 Million Returns To Shareholders

By Amit Chowdhry ● Yesterday at 8:09 AM

H&R Block generated $838.7 million of operating cash flow in fiscal 2026, up approximately 23% from $680.9 million a year earlier, giving the tax preparation company substantial capacity to return capital to shareholders while continuing to invest in its technology-enabled strategy.

Libretto: Interview With Founder and CEO Jeffery Coyle About ‘Total Wealth’ Advice and AI in Wealth Management

By Amit Chowdhry ● Yesterday at 8:00 AM

Libretto is an innovative advice platform that unifies financial planning, ‘total wealth’ portfolios, and risk management for RIAs and family offices, offering an alternative to the traditional risk tolerance and Monte Carlo ecosystem. Pulse 2.0 interviewed Libretto Founder and CEO Jeffery Coyle to learn more.

Prudential Advisors Adds $110+ Million Advisor Christopher Grella

By Amit Chowdhry ● Yesterday at 6:00 AM

Prudential Advisors has added New Jersey-based financial advisor Christopher Grella to NJ Wealth Partners, expanding Prudential Financial's wealth management arm with a veteran advisor who previously managed more than $110 million in client assets at Ameriprise Financial.