Day: May 8, 2020

MINNEAPOLIS, May 08, 2020 (GLOBE NEWSWIRE) — Tile Shop Holdings, Inc. (OTC Pink: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories, today announced results for its first quarter ended March 31, 2020.First Quarter SummaryNet Sales Increased 8.5%Comparable Store Sales Increased 6.7%Gross Margin of 68.9%Net Income of $3.5 Million; Adjusted EBITDA of $11.4 Million$25.5 Million Reduction of DebtManagement Commentary – Cabell Lolmaugh, CEO“Improving retail execution, professional customer relationship development, and disciplined expense management enabled us to reduce our debt balance by over 40% during the first quarter,” stated Cabell Lolmaugh, CEO. “The COVID-19 pandemic is having a significant impact on our business and it is disappointing for...

NEW YORK, May 08, 2020 (GLOBE NEWSWIRE) — TG Therapeutics, Inc. (NASDAQ: TGTX), today announced that Owen A. O’Connor, MD, PhD, has joined the Company as Chief Scientific Officer. Dr. O’Connor brings extensive scientific experience in developing drug candidates in oncology and hematology, and most recently served as a Professor of Medicine and Experimental Therapeutics, the Director of the Center for Lymphoid Malignancies, and Co-Program Director of the Lymphoid Development and Malignancy Program in the Herbert Irving Comprehensive Cancer Center at Columbia University Medical Center.Michael S. Weiss, the Company’s Executive Chairman and Chief Executive Officer, stated, “We are extremely pleased to welcome Owen to the TG team. He has worked closely with us since our inception, including chairing our very first advisory board...

Reference is made to the stock exchange notice dated 2 April 2020 regarding interruption of lignin raw material supply to LignoTech South Africa.The calcium sulphite line at Sappi’s Saiccor dissolving pulp mill is expected to be shut down for an extended period of time. As a consequence, the Board of LignoTech South Africa has today decided to mothball the lignin plant and terminate commercial agreements with third parties. A process will be initiated to consult with employees and representative trade unions in order to resolve the situation.LignoTech South Africa, located in KwaZulu Natal, was established in 1997 as a 50/50 joint venture owned by Borregaard and Sappi. The company employs approximately 100 persons. Borregaard’s book value of the joint venture in South Africa was NOK 99 million at the end of 2019, and the share of net...

– New 5G Band n77 XBAW™ Filter for Small Cell Base Station Applications –– Expands Product Portfolio to Thirteen XBAW RF Filters –– Company Expects Second 5G Network Filter Design Win in September Quarter –Charlotte, N.C., May 08, 2020 (GLOBE NEWSWIRE) — Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today its thirteenth RF filter product and shipped design locked samples of a new, wideband 5G small cell network infrastructure XBAWTM filter to an existing tier-1 small cell customer. The new filter operates within the emerging 5G Band n77 and is the third 5G filter Akoustis has designed and delivered to its tier-1 small cell infrastructure customer. Akoustis’...

Q1 GAAP Operating Income of $3 Million Adjusted EBITDA Totaled $57 Million; Above Prior Guidance Due to Strong Performance in Clean Earth and Rail as Well as Lower Corporate Spending Completed Purchase of ESOL, Furthering Transformation to an Environmental Solutions Company; Initiated Robust Integration Plan to Achieve Targeted Synergies Harsco Rail SCOR Program (Supply Chain Operations Recovery) Delivering Positive Results In Response to COVID-19, Broad Business Continuity Actions Implemented to Protect Stakeholders, Maintain Essential Operations and Preserve Financial Flexibility Significant Financial Flexibility; Committed to Goal of Reducing 2020 Capital Spending to Support Positive Free Cash Flow and to Cost Reduction InitiativesCAMP HILL, Pa., May 08, 2020 (GLOBE NEWSWIRE) — Harsco Corporation (NYSE: HSC) today reported first...

Reported a Net Loss of $25.5 million and a Pre-tax Loss of $87.3 million for the first quarter of 2020 and ended the quarter with $429.9 million of total stockholders’ equity, or a book value per share of $3.32.  Financial results included $78 million unfavorable impact on pre-tax loss due to changes in interest rates and a $62 million income tax benefit relating to changes in NOL utilization rules under the CARES Act. Pre-tax income before notable items of $2 million, includes a $7 million unfavorable impact of COVID-19 during the quarter and $3 million unfavorable impact due to seasonal changes in employee costs and escrow balances versus the fourth quarter. Ended the quarter with $263.6 million of cash despite $58.8 million of MSR financing margin calls and $133.6 million debt repayment. Granted 114,600 active COVID-19 forbearance...

Hydro reminds shareholders that this year’s Annual General Meeting will be held digitally as a preventive measure due to the Covid-19 situation, Monday, May 11, from 10:00 to 12:00. There will be a live webcast with presentations in Norwegian and English and electronic voting.All shareholders are invited to participate digitally, there will be no opportunity for physical attendance this year.All documents to the meeting can be found at www.hydro.com/generalforsamling. You can log on to the webcast by clicking https://web.lumiagm.com/?fromUrl=117971198. You must identify yourself with the reference number and PIN code from VPS.See the online guide for a more detailed description of how the digital general meeting is conducted. The online guide describes where to find the reference number and PIN code. Shareholders who need assistance...

Hydro minner om at årets generalforsamling avholdes digitalt som et forebyggende tiltak som følge av Covid-19-situasjonen, mandag den 11. mai kl 10:00-12:00. Det blir live webcast med direkteoverførte presentasjoner på norsk og engelsk og elektronisk stemmegivning.Alle aksjonærer inviteres til å delta digitalt, det blir ikke anledning for fysisk oppmøte i år.Alle dokumenter ligger på www.hydro.com/generalforsamling. Du kan logge deg inn på webcast ved å klikke her https://web.lumiagm.com/?fromUrl=117971198. Du må identifisere deg med referansenummer og PIN kode fra VPS.Se online guide for nærmere beskrivelse av hvordan den digitale generalforsamlingen gjennomføres. Online guiden beskriver hvor du finner referansenummer og PIN kode. Aksjonærer som ikke finner dette selv i investortjenester kan kontakte DNB Bank Verdipapirservice på tlf:...

DENVER, May 08, 2020 (GLOBE NEWSWIRE) — Red Lion Hotels Corporation (the “Company”) (NYSE: RLH), a hospitality company doing business as RLH Corporation which franchises midscale and economy hotels, today reported first quarter 2020 results and provided an update regarding financial and operational activities in light of the ongoing COVID-19 pandemic.First Quarter HighlightsClosed the quarter with $37.8 million in cash and cash equivalents, no corporate debt, and only $5.6 million in debt secured by our hotel RL Olympia in our joint venture. Net loss attributable to RLH Corporation for the first quarter of 2020 was $(8.1) million or $(0.32) per share compared to a net loss of $(4.3) million or $(0.17) per share in the prior year period. The year-over-year change was primarily driven by $9.7 million of bad debt expense largely resulting...

Stockwik Förvaltning AB (publ) har idag hållit årsstämma. Årsstämman beslutade i enlighet med samtliga förslag som styrelsen och valberedningen lagt fram.Årsstämman fastställde resultat- och balansräkning för moderbolaget respektive koncernen Årsstämman beslutade att bolagets resultat om 23.822.213 kronor ska balanseras i ny räkning samt att ingen vinstutdelning ska ske Årsstämman beslutade om omval av styrelseledamöterna Rune Rinnan, Oskar Lindström, Olof Nordberg och Mathias Wiesel. Vidare omvalde årsstämman Rune Rinnan till styrelseordförande Årsstämman beslutade om omval av revisionsbolaget Öhrlings PricewaterhouseCoopers som revisor. Öhrlings PricewaterhouseCoopers har låtit meddela att Tobias Stråhle fortsatt ska vara huvudansvarig revisor Årsstämman fastställde riktlinjer för bestämmande av ersättning och övriga anställningsvillkor...