Month: April 2020

BOSTON, April 28, 2020 (GLOBE NEWSWIRE) — Rapid7, Inc. (“Rapid7”) (Nasdaq: RPD) today announced that it intends to offer, subject to market conditions and other factors, $200 million aggregate principal amount of convertible senior notes due 2025 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Rapid7 also intends to grant the initial purchasers of the notes an option to purchase up to an additional $30.0 million aggregate principal amount of notes.The notes will be general unsecured obligations of Rapid7 and will accrue interest payable semiannually in arrears. The notes will be convertible into cash, shares of Rapid7’s common stock or a combination of cash and shares of Rapid7’s common stock, at...

ACM’s First Furnace Product Targets LPCVD Initially, Oxidation, Annealing and ALD in FutureDemonstrates Effectiveness of Korea and China R&D Team CollaborationFREMONT, Calif., April 28, 2020 (GLOBE NEWSWIRE) — ACM Research, Inc. (“ACM” or the “Company”) (NASDAQ:ACMR), a leading supplier of wafer cleaning technologies for advanced semiconductor devices, today unveiled the Ultra Furnace, its first system developed for multiple dry processing applications. Initially optimized to deliver high performance for low-pressure chemical vapor deposition (LPCVD), the Ultra Furnace also leverages the same platform to be used for oxidation and annealing processes, as well as for atomic layer deposition (ALD). This achievement represents a two-year collaboration between ACM’s R&D teams located in China and Korea.“Advanced technology...

ATLANTA, April 28, 2020 (GLOBE NEWSWIRE) — PRGX Global, Inc. (Nasdaq: PRGX), a global leader in Recovery Audit and Spend Analytics services, today announced its unaudited financial results for the first quarter ended March 31, 2020.Quarterly HighlightsRevenue of $36.8 million, which was negatively impacted by approximately $0.7 million from a strengthening US dollar during the first quarter of 2020Adjusted EBITDA from continuing operations of $3.5 million, the highest first quarter Adjusted EBITDA in seven years; net loss from continuing operations of $3.9 millionOver 75% of Revenue from clients in sectors providing essential goods and services during the COVID-19 pandemicReaffirms 2020 annual guidance for Adjusted EBITDA from continuing operations of $28 million to $30 million“The first quarter of 2020 marks the Company’s highest...

Record Mortgage Banking and Wealth Management Performance Highlight Q1 ResultsWell Positioned Balance Sheet with Strong Capital and LiquiditySTUART, Fla., April 28, 2020 (GLOBE NEWSWIRE) — Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) (NASDAQ: SBCF) today reported net income in the first quarter of 2020 of $0.7 million, or $0.01 per diluted share, including $4.6 million in merger-related charges and provision for loan losses of $29.5 million. The net interest margin increased 9 basis points to 3.93%, the ratio of tangible common equity to tangible assets was 10.68% and Tier 1 capital was 15.5% at March 31, 2020.Dennis S. Hudson, III, Seacoast’s Chairman and CEO, said, “Our results for the first quarter of 2020, as with all businesses, must be framed within the context of COVID-19 and its impact on our...

Rockville, MD, April 28, 2020 (GLOBE NEWSWIRE) —MacroGenics, Inc. (Nasdaq: MGNX), a clinical-stage biopharmaceutical company focused on discovering and developing innovative monoclonal antibody-based therapeutics for the treatment of cancer, today announced that its 2020 Annual Meeting of Stockholders (the “2020 Annual Meeting”) will now be held by means of a virtual format only due to the public health and safety concerns related to the novel coronavirus (COVID-19) pandemic and related recommendations and orders from federal and state governmental authorities.The date and time of the meeting, May 14, 2020 at 9:00 a.m. ET, as disclosed in MacroGenics’ proxy statement for the meeting, has not changed. Stockholders will not be able to attend the 2020 Annual Meeting in person.As described in the proxy materials for the 2020 Annual...

Third Quarter Highlights Include: Record bookings of $250 million increased 32% over prior year Record revenue increased 19% over prior year with 11% organic growth Record net income, adjusted EBITDA, EPS and adjusted EPS Record backlog increased 38% over prior yearANDOVER, Mass., April 28, 2020 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported operating results for the third quarter of fiscal 2020, ended March 27, 2020.Management Comments “The record performance in the third quarter of fiscal year 2020 demonstrates the resiliency of our people and our business in a period of unparalleled challenges,” said Mark Aslett, Mercury’s President and Chief Executive Officer.  “We achieved record bookings of $250 million yielding a book-to-bill of 1.20 and another record backlog as well as record revenues, net...

BALTIMORE, April 28, 2020 (GLOBE NEWSWIRE) — WillScot Corporation (“WillScot”) (Nasdaq: WSC), the specialty rental services market leader providing innovative modular space and portable storage solutions across North America, today announced that Brad Soultz, President and Chief Executive Officer, and Tim Boswell, Chief Financial Officer, will host virtual meetings with investors during Oppenheimer’s 15th Annual Virtual Industrial Growth Conference.  The meetings are by appointment only and will take place on Tuesday, May 5th and Wednesday, May 6th, 2020 beginning at 8:00 a.m. EDT on both days.About WillScot CorporationHeadquartered in Baltimore, Maryland, WillScot is the public holding company for the Williams Scotsman family of companies. WillScot trades on the Nasdaq stock exchange under the ticker symbol “WSC,” and...

BATON ROUGE, La., April 28, 2020 (GLOBE NEWSWIRE) — Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, Baton Rouge, Louisiana, today announced its unaudited results for the quarter ended March 31, 2020, including net income of $4.5 million, or $0.34 per diluted share, decreases of $1.2 million and $0.07, respectively, from the quarter ended March 31, 2019. On a non-GAAP basis, core net income for the quarter ended March 31, 2020, which excludes noncore income and expenses, was $5.0 million, or $0.37 per diluted share, decreases of $655,000 and $0.04, respectively, from the quarter ended March 31, 2019. Both net income and diluted earnings per share were adversely impacted for the quarter ended March 31, 2020, by additional provision for loan losses related to the expected impact of the COVID-19...

SPOKANE VALLEY, Wash., April 28, 2020 (GLOBE NEWSWIRE) — Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended March 28, 2020.For the third quarter of fiscal year 2020, Key Tronic reported total revenue of $111.5 million, compared to $108.0 million in the same period of fiscal year 2019. For the first nine months of fiscal year 2020, total revenue was $333.5 million, compared to $358.5 million in the same period of fiscal year 2019.As previously announced, the lower than anticipated revenue and earnings for the third quarter of fiscal 2020 is primarily a result of disruptions to supply chains in China caused by the COVID-19 crisis, which delayed the arrival of key components.  In addition, earnings in the third quarter of 2020 were impacted...

CAMBRIDGE, Mass., April 28, 2020 (GLOBE NEWSWIRE) — TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQB: TLLTF), a technology and solutions cannabis platform comprised of assets to support brands worldwide, is providing an update regarding its financial statements and accompanying management’s discussion and analysis for the financial year ended December 31, 2019 and the quarter ended March 31, 2020. As a result of the impact caused by COVID-19, the Company will rely on exemptive relief provided by British Columbia Instrument 51-515 Temporary Exemption from Certain Corporate Finance Requirements, which provides up to 45 days for issuers to complete filings required to be made on or prior to June 1, 2020. The Company continues to work in close coordination with its new auditors on the filings, which the Company will...