Month: April 2020

STOUGHTON, Mass., April 23, 2020 (GLOBE NEWSWIRE) — Collegium Pharmaceutical, Inc. (Nasdaq: COLL) announced today that the Company will host a conference call and live audio webcast on Thursday, May 7, 2020 at 4:30 p.m. Eastern Time. The Company will discuss its financial results and provide a corporate update.Conference Call Information: To access the conference call, please dial (888) 698-6931 (U.S.) or (805) 905-2993 (International) and refer to Conference ID: 358-1447. An audio webcast will be accessible from the Investors section of the Company’s website: www.collegiumpharma.com. The webcast will be available for replay on the Company’s website approximately two hours after the event.About Collegium Pharmaceutical, Inc.Collegium is a specialty pharmaceutical company committed to being the leader in responsible pain management....

LITTLE ROCK, Ark., April 23, 2020 (GLOBE NEWSWIRE) — Bank OZK’s (the “Bank”) (Nasdaq: OZK) first quarter 2020 management comments are now available on the Bank’s investor relations website http://ir.ozk.com.GENERAL INFORMATIONBank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Bank OZK is the #1 capitalized bank among the nation’s top 100 banks by asset size, based on Tier 1 Leverage Capital Ratio at December 31, 2019, according to data obtained from S&P Global Market Intelligence. Bank OZK was named Best Bank in the South for 2019-2020 by Money, the personal finance news and advice brand. Headquartered in Little Rock, Arkansas, Bank OZK conducts operations through more than 250 offices in Arkansas, Georgia, Florida, North Carolina,...

LITTLE ROCK, Ark., April 23, 2020 (GLOBE NEWSWIRE) — Bank OZK (the “Bank”) (Nasdaq: OZK) today announced that net income for the first quarter of 2020 was $11.9 million, an 89.3% decrease from $110.7 million for the first quarter of 2019.  Diluted earnings per common share for the first quarter of 2020 were $0.09, an 89.5% decrease from $0.86 for the first quarter of 2019.The COVID-19 pandemic significantly impacted the global economy in what was the first quarter of implementation of the current expected credit losses (“CECL”) method to calculate the Bank’s allowance for credit losses (“ACL”).  During the quarter just ended, the sudden and severe economic downturn in tandem with the adoption of CECL resulted in the Bank incurring provision for credit losses of $117.7 million, resulting in a total ACL of $316.4 million at March...

Q1 2020 worldwide revenue of $243.5 million, up 2.2% as reported over Q1 2019Q1 2020 core revenue on a constant currency basis* up 3.0% over Q1 2019Q1 2020 GAAP loss per share was $(0.06), compared to GAAP EPS of $0.11 in Q1 2019Q1 2020 non-GAAP EPS* was $0.38, compared to $0.37 in Q1 2019*  Core revenue on a constant currency basis, non-GAAP EPS, non-GAAP net income, non-GAAP operating margin, non-GAAP gross margin and free cash flow are non-GAAP financial measures. A reconciliation of these and other non-GAAP financial measures used in this release to their most directly comparable GAAP financial measures is included under the heading “Non-GAAP Financial Measures” below.

LEAWOOD, Kan., April 23, 2020 (GLOBE NEWSWIRE) — CrossFirst Bankshares, Inc. (Nasdaq: CFB), the bank holding company for CrossFirst Bank, today reported its results for the first quarter of 2020, including net income of $3.9 million, or $0.07 per diluted share. CrossFirst continued to deliver growth in operating revenue and improve efficiency for the quarter while managing through a declining interest rate environment.  During the quarter, the Company’s earnings were impacted by a $14.0 million loan loss provision recorded mostly due to increased uncertainty in the portfolio arising from current economic conditions surrounding the COVID-19 pandemic and oil market volatility.“Our overall core performance remains strong, and excluding our provision in the current period, we had one of the Company’s strongest quarters. ...

Leverages Leading World-Class Hyperscale Public Cloud Providers & ISVs To Offer Innovative Cloud Solutions   NEW YORK, April 23, 2020 (GLOBE NEWSWIRE) — KDDI America, a subsidiary of “KDDI Corporation”, a Fortune Global 500 company with three datacenters in the U.S., announced it has evolved into an end-to-end cloud services and solutions provider that enables digital transformation and ICT solution services for cloud migration, hybrid-cloud planning and provisioning, with high-speed transactional connectivity services. Visit www.KDDIaCloud.com.“In today’s rapidly transforming, always-on digital environment, it is important to help accelerate our customers’ hybrid- and multi-cloud strategies by moving cost effective workloads to public clouds,” said Masatoshi Nobuhara, KDDI America’s CEO and President. “KDDI America is a single-source...

ELK GROVE VILLAGE, Ill., April 23, 2020 (GLOBE NEWSWIRE) — SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services company, today announced that it received a Small Business Administration (“SBA”) Payroll Protection Loan (“PPP”) in the amount of approximately $6.3 million, pursuant to the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) on April 23, 2020.  The PPP loan matures on April 23, 2022 and bears interest at the rate of 1.00% per annum.  Payments of principal and interest commence on November 23, 2020.  The loan may be prepaid at any time prior to maturity with no penalty.A portion or all of the PPP loan may be forgiven by the SBA upon application by SigmaTron. Eligible expenses to be forgiven include U.S. payroll costs, continuation of healthcare costs, mortgage interest, rent...

Topline Growth Driven by 66% Increase in National Carrier Revenue and 75% Increase in MSO Revenue over the prior year quarter; offset by decreases in International SalesOrders in Backlog increased 61% to $9.3 million over the prior quarter Continued Execution on Operational Effectiveness Initiatives Produces Near 40% Gross Profit Margin, the Highest Quarterly Level in Two Years Fiscal Year 2020 Financial Guidance Suspended Due to COVID-19MINNEAPOLIS, April 23, 2020 (GLOBE NEWSWIRE) — Clearfield, Inc. (NASDAQ: CLFD), the specialist in fiber management for communication service providers, reported results for the fiscal second quarter and first half of fiscal 2020 ended March 31, 2020. Management Commentary on 1st Half Performance“The second quarter was a strong performance period for Clearfield, as we achieved $20.4 million in revenue,...

SAINT LAURENT, Quebec, April 23, 2020 (GLOBE NEWSWIRE) — IntelGenx Technologies Corp. (TSX V:IGX)(OTCQX:IGXT) (the “Company” or “IntelGenx”), a leader in pharmaceutical films, today announced that, due to the public health and safety concerns related to the novel coronavirus (COVID-19) pandemic, and to support the health and well-being of the Company’s directors, employees and stockholders, the location of the Company’s 2020 Annual Meeting of Stockholders (including any adjournments or postponements, the “Annual Meeting”) has been changed to a virtual-only meeting format.The Annual Meeting will be held at 11:00 a.m. Eastern Time, on Tuesday, May 12, 2020. Stockholders will not be able to attend the Annual Meeting in person, but instead will be able to attend virtually as noted below.As described in the proxy...