Day: May 6, 2020

NEW YORK and TORONTO, May 06, 2020 (GLOBE NEWSWIRE) — NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality for eCommerce, and Virtual Events, is pleased to announce that NexTech CEO Evan Gappelberg will be presenting at Wall Street Reporter’s “Next Super Stock” livestream conference on May 7th, 2020.CLICK HERE TO SIGN UPEvan will update investors on NexTech’s latest technological advances, the recent acquisition of Virtual Events platform Jolokia and record revenue growth, as the company pursues four multi-billion dollar verticals in AR.NexTech’s live presentation will take place at 12:30PM Eastern, on Thursday May 7th.The 20-minute presentation will be followed by a question and answer session. To learn more about the event, and sign up for free, click:CLICK HERE FOR SIGN...

JASPER, Ind., May 06, 2020 (GLOBE NEWSWIRE) — German American Bancorp, Inc. (NASDAQ: GABC) reported quarterly earnings of $12.5 million, or $0.47 per share, for the quarter ending on March 31, 2020.  The quarterly earnings performance was inclusive of a $5.2 million provision for loan losses as the Company increased its allowance for loan losses in anticipation of the expected economic downturn related to the COVID-19 pandemic. The first quarter 2020 performance compared to fourth quarter 2019 net income of $15.8 million, or $0.59 per share, and to first quarter 2019 net income of $15.1 million, or $0.60 per share.  The operating results comparisons reflect the inclusion of the acquisition of Citizens First Corporation of Bowling Green, Kentucky on July 1, 2019.End-of-period loans, as of March 31, 2020, were approximately $3.0 billion,...

MINNEAPOLIS and TORONTO and SINGAPORE, May 06, 2020 (GLOBE NEWSWIRE) — Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, today announced it has entered into a definitive share purchase agreement to acquire Excelity Global Solutions Pte Ltd. (Excelity), an Asia-based HCM service provider from the Everstone Group. The transaction is expected to close during the second quarter of 2020.“Building on our recent investment and expansion in Australia and New Zealand, the acquisition of Excelity will position Ceridian as a leading HCM provider in the Asia-Pacific region and demonstrates our intent to advance our growth globally,” said David Ossip, Chairman and Chief Executive Officer, Ceridian. “We look forward to welcoming Excelity’s employees, customers, and partners to Ceridian. Our two companies...

ARLINGTON, Va., May 06, 2020 (GLOBE NEWSWIRE) — Rosetta Stone Inc. (NYSE:RST), a world leader in technology-based learning solutions, today announced financial results for the first quarter ended March 31, 2020.First Quarter 2020 HighlightsConsolidated revenue increased 6% year over year to $47.2 million.Revenue at Lexia Learning (“Lexia”), the Company’s Literacy segment, increased 18% year-over-year to $17.5 million.Revenue within the Consumer Language segment increased 5% year-over-year to $16.1 million.Revenue within the Enterprise & Education (“E&E”) Language segment decreased 6% year-over-year to $13.6 million.Consolidated first quarter net loss was $6.2 million, a decline from a net loss of $0.5 million in the same quarter a year ago, driven by an increase in operating expenses and the absence of...

Product Revenue up 43% over Q1 2019SOUTH ORANGE, NJ, May 06, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Nephros, Inc. (Nasdaq:NEPH), a commercial-stage company that develops and sells high performance water purification products and pathogen detection systems to the medical and commercial markets, today announced financial results for the three months ended March 31, 2020.Financial HighlightsWater Filtration Business Segment HighlightsNet revenue was $2.5 million, up 43% compared with $1.8 million in 2019Net loss was $0.6 million, compared with $0.8 million in 2019Adjusted EBITDA was ($0.4 million) compared with ($0.5 million) in 2019Consolidated HighlightsNet revenue was $2.5 million, up 43% compared with $1.8 million in 2019Net loss was $1.1 million, compared with $1.3 million in 2019Adjusted EBITDA was ($0.8 million), compared...

Dallas, TX, May 06, 2020 (GLOBE NEWSWIRE) — Kronos Worldwide, Inc. (NYSE:KRO) today reported net income of $27.0 million, or $.23 per share, in the first quarter of 2020 compared to net income of $30.3 million, or $.26 per share, in the first quarter of 2019.  We reported lower net income in the first quarter 2020 as compared to the first quarter of 2019 primarily due to lower income from operations resulting from the effects of lower sales volumes and higher raw materials and other production costs, as discussed below.  Comparability of our results was also impacted by the effects of changes in currency exchange rates, also discussed below.Net sales of $421.0 million in the first quarter of 2020 were $15.5 million, or 4%, lower than in the first quarter of 2019.  Net sales decreased in the first quarter of 2020 primarily due to...

Please note that the limited information that follows in this press release is a summary and is not adequate for making an informed investment decision.MCLEAN, Va., May 06, 2020 (GLOBE NEWSWIRE) — Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) today reported financial results for the first quarter ended March 31, 2020.  A description of funds from operations (“FFO”), core FFO (“CFFO”), adjusted FFO (“AFFO”), and net asset value (“NAV”), all non-GAAP (generally accepted accounting principles in the United States) financial measures, is located at the end of this press release.  All per-share references are to fully-diluted, weighted-average shares of the Company’s common stock unless noted otherwise.  For further detail, please refer to the Company’s Quarterly Report on Form 10-Q (the “Form 10-Q”),...

Revenue grew 21% year-over-year to $83.2 millionMarketplace revenue grew 24% year-over-year to $74.8 millionGross margin expanded three percentage points year-over-year to 72%SANTA CLARA, Calif., May 06, 2020 (GLOBE NEWSWIRE) — Upwork Inc. (Nasdaq: UPWK), the largest online talent solution, as measured by gross services volume (“GSV”), today announced its first quarter 2020 financial results.“With the global spread of the coronavirus significantly accelerating the adoption of remote work and increasing the value that companies place on workforce flexibility, Upwork’s solutions for customers are more relevant than ever,” said Hayden Brown, President and CEO of Upwork. “We have smoothly pivoted to a fully remote work model for our own teams and are focused on fulfilling the critical needs of our customers at this moment, from supplying...

298,000 Customers, an increase of 23% year-over-yearNet Earning Assets of $1.6 billion, an increase of 12% year-over-yearTransitioned to a Digital Sales and Streamlined Operating Model to Provide Essential Service and Reduce Soft CostsSAN FRANCISCO, May 06, 2020 (GLOBE NEWSWIRE) — Sunrun (Nasdaq: RUN), the nation’s leading provider of residential solar, storage and energy services, today announced financial results for the first quarter ended March 31, 2020.“Sunrun has dramatically increased our corporate metabolism over the past few weeks. We’ve made the process of going solar nearly contact-free for our customers, launched digital selling, made investments in our technology platform, and accelerated process improvements. We will emerge a stronger business,” said Lynn Jurich, Sunrun’s Chief Executive Officer and co-founder. “Our...