Month: March 2020

MORRISVILLE, N.C., March 03, 2020 (GLOBE NEWSWIRE) — Novan, Inc. (“the Company” or “Novan”) (NASDAQ:NOVN) today announced the closing of the Company’s previously announced underwritten public offering of 18,333,334 shares of common stock (or pre-funded warrants to purchase common stock in lieu thereof) and warrants to purchase an aggregate of up to 18,333,334 shares of common stock, at a combined effective public offering price of $0.30 per share of common stock (or pre-funded warrant) and accompanying common warrant. The common warrants have an exercise price of $0.30 per share, are exercisable immediately and expire five years from the date of issuance. The Company also granted the underwriter a 30-day option to purchase up to an additional 2,750,000 shares of common stock and/or warrants to purchase 2,750,000...

Fourth Quarter 2019 Sales Increased 18.5% to $185.9 MillionAchieves Earnings per Diluted Share of $0.58 Exceeds Guidance with Adjusted Earnings per Diluted Share of $0.65Company Introduces Fiscal 2020 GuidanceBRASELTON, Ga., March 03, 2020 (GLOBE NEWSWIRE) — Fox Factory Holding Corp. (NASDAQ: FOXF) (“FOX” or the “Company”) today reported financial results for the fourth quarter and fiscal year ended January 3, 2020.Fourth Quarter Fiscal 2019 HighlightsSales increased 18.5% to $185.9 million compared to $156.8 million in the same period last fiscal yearGross margin decreased 40 basis points to 32.1% compared to 32.5% in the same period last fiscal yearNet income attributable to FOX stockholders was $22.5 million, or 12.1% of sales and $0.58 of earnings per diluted share, compared to $20.1 million, or 12.8% of sales and $0.52 of earnings...

OMAHA, Neb., March 03, 2020 (GLOBE NEWSWIRE) — Werner Enterprises, Inc. (NASDAQ: WERN), one of the nation’s largest transportation and logistics companies, announced today that its Board of Directors declared a regular quarterly cash dividend of $.09 (9.0 cents) per common share payable to stockholders of record at the close of business on April 20, 2020. This dividend will be paid on May 5, 2020.Werner Enterprises has paid a quarterly cash dividend to its stockholders every quarter since July 1987.Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Werner is among...

– Company to host conference call today at 4:30pm ET –CAMPBELL, Calif., March 03, 2020 (GLOBE NEWSWIRE) — VIVUS, Inc. (Nasdaq: VVUS) (the “Company”), a biopharmaceutical company, today reported financial results for the quarter and fiscal year ended December 31, 2019 and provided a business update.“Fiscal year 2019 represents our first full year of operating results as a fully integrated business and clinical team,” said John Amos, VIVUS’ Chief Executive Officer.  “In 2019, our team delivered nearly $70 million of revenue, a 7% increase compared to 2018, increased adjusted EBITDA 7% compared to 2018 and reduced our net loss by $5.5 million, a 15% decrease.  VIVUS is now six quarters through a 10-quarter turnaround, and we are pleased with our progress towards achieving our goals.”Recent Business HighlightsCompletes Enrollment...

CHARLESTON, S.C., March 03, 2020 (GLOBE NEWSWIRE) — Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits management platform and services provider, today announced its fourth quarter 2019 financial results. Recent highlights include: Grew net benefit eligible lives to 17.3 million at the end of the fourth quarter, up from 16.8 million at the end of the prior quarter and 13.3 million at the end of the prior year period.Signed three seven-figure MarketPlace for Carriers transactions.Meaningfully improved GAAP net loss and exceeded high-end of Q4 Adjusted EBITDA guidance by 20%.Announces stock repurchase program for the potential repurchase by the Company of up to $20 million worth of its outstanding common stock.“Benefitfocus delivered solid fourth quarter results. We continue to make meaningful progress on our platform...

HINGHAM, Mass., March 03, 2020 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by Microbot Medical Inc. (NASDAQ: MBOT), please note that in the first paragraph the appointment of Eyal Morag, M.D. has been changed to commencing June 2020 and in the fourth paragraph Dr. Morag still currently serves as Chairman of Radiology at Assuta Ashdod Medical Center, Ashdod, Israel. The corrected release follows:Microbot Medical Inc. (NASDAQ: MBOT), announced the appointment of Eyal Morag, M.D., a leading radiologist, to Chief Medical Officer, commencing June 2020. In his new role, Dr. Morag will lead the development and execution of the clinical strategy of the Company’s technology platforms, including its current development of the Self-Cleaning Shunt (SCS) and LIBERTY products as well as its future pipeline. Dr....

San Antonio, March 03, 2020 (GLOBE NEWSWIRE) — U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a boutique registered investment advisory firm with longstanding experience in global markets and specialized sectors, announces that it has completed the previously-announced sale back of its 65-percent interest in Toronto-based Galileo Global Equity Advisors, Inc. (“Galileo”) for $1.0 million (Canadian), effective March 2, 2020. The transaction follows a binding letter of intent dated December 30, 2019, whereby Galileo, pursuant to a capital restructuring, agreed to repurchase all of its common shares owned by the Company.Except for an equity method investment in a fund managed by Galileo, the Company no longer has any involvement with the operations of Galileo. Frank Holmes, chief executive officer (CEO) of the Company, and...

The deal values Grupo ZAP at approximately R$ 2.9 billionThe partnership promises an improved user experience and service offering The transaction is subject to approval by Brazil’s Antitrust Agency (CADE)Today, Schibsted’s subsidiary Adevinta announced that OLX Brazil, the 50/50 joint venture between Adevinta ASA (OSE: ADE) and Prosus NV (AMS: PRX), and one of the fastest growing tech companies in Brazil, has entered into an agreement to acquire 100 percent of the shares of Grupo ZAP for a total cash amount of approximately R$ 2.9 billion. The investment will be equally financed by OLX Brazil’s two existing shareholders, with Adevinta financing its share through existing bank facilities.OLX Brazil and Grupo ZAP, currently among the most relevant players in the online real estate classifieds and advertising sector in Brazil, are...

– The deal values Grupo ZAP at approximately R$ 2.9 billion– The partnership promises an improved user experience and service offering – The transaction is subject to approval by Brazil’s Antitrust Agency (CADE) Oslo, 03 March 2020: OLX Brazil, the 50/50 joint venture between Adevinta ASA (OSE: ADE) and Prosus NV (AMS: PRX), and one of the fastest growing tech companies in Brazil, has entered into an agreement to acquire 100% of the shares of Grupo ZAP for a total cash amount of approximately R$ 2.9 billion. The investment will be equally financed by OLX Brazil’s two existing shareholders, with Adevinta financing its share through existing bank facilities.OLX Brazil and Grupo ZAP, currently among the most relevant players in the onlinereal estate classifieds and advertising sector in Brazil, are highly complementary...