Day: May 21, 2020

LIZHI INC. Reports First Quarter 2020 Unaudited Financial Results and Announces Changes in Management

Written by Customer Service on May 21, 2020. Posted in Earnings Releases And Operating Results.

– Delivered record-breaking quarter and new highs on key metrics –GUANGZHOU, China, May 21, 2020 (GLOBE NEWSWIRE) — LIZHI INC. (“LIZHI” or the “Company” or “We”) (NASDAQ: LIZI), a leading online UGC audio community and interactive audio entertainment platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2020.First Quarter 2020 Financial and Operational HighlightsNet revenues were RMB370.3 million (US$52.3 million) in the first quarter of 2020, representing a 42% increase from RMB261.6 million in the first quarter of 2019, and compared to RMB365.3 million in the previous quarter. First quarter 2020 net revenues were above the high end of the Company’s guided range.Average total mobile MAUs1 in the first quarter of 2020 reached 54.5 million, representing an increase of 34% from 40.7...

America’s Car-Mart Reports Diluted Earnings per Share of $1.35 on Record Revenues of $196 Million

Written by Customer Service on May 21, 2020. Posted in Earnings Releases And Operating Results.

BENTONVILLE, Ark., May 21, 2020 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) today announced its operating results for the fourth quarter and the full fiscal year 2020. The fourth quarter results include an $11.7 million pretax charge to increase the allowance for credit losses due to the COVID-19 pandemic.“As we push through the COVID-19 pandemic, our financial position and operating results reflect the quality and power of our Car-Mart business model. We are a ground-level operator and were able to turn on a dime to keep our dealerships open in accordance with all state and local orders so that we could continue serving the essential needs of our communities throughout the crisis,” said Jeff Williams, President and CEO.“To better serve our customers, as well as for their health and safety, we quickly launched curbside...

QCR Holdings, Inc. Welcomes New Board Member and Announces a Cash Dividend of $0.06 Per Share

Written by Customer Service on May 21, 2020. Posted in Public Companies.

MOLINE, Ill., May 21, 2020 (GLOBE NEWSWIRE) — QCR Holdings, Inc. (NASDAQ: QCRH) today announced the election of four Class III directors on May 20, 2020 at the Company’s annual meeting of its stockholders.Three of the directors, James M. Field, Timothy B. O’Reilly and Marie Z. Ziegler, were re-elected to three-year terms. Elizabeth “Libby” S. Jacobs, President of The Jacobs Group, LLC, a Des Moines-based consulting firm specializing in the energy and regulated utilities industries, was also elected as a new independent director to the Company.“Libby is a proven leader with a diverse business, community relations and public policy background, and she brings a wealth of knowledge and perspective to our board,” said Larry Helling, CEO of QCR Holdings. “In addition to founding and running her own consultancy, we have great confidence...

P10 Holdings Re-Adopts Rights Agreement to Protect its Net Operating Losses

Written by Customer Service on May 21, 2020. Posted in Public Companies.

DALLAS, May 21, 2020 (GLOBE NEWSWIRE) — P10 Holdings, Inc. (OTC: PIOE, or “P10”) today announced that its Board of Directors has re-adopted and P10 has entered into a Rights Agreement (the “Rights Agreement”) with American Stock Transfer & Trust Company, LLC, as rights agent, designed to preserve the value of P10’s significant U.S. net operating loss carryforwards (“NOLs”) and other tax benefits. The Rights Agreement is effective immediately pursuant to its terms and replaces P10’s prior rights agreement designed to preserve the value of its NOLs. P10 also has a provision in its Restated Certificate of Incorporation (the “Charter Provision”) which generally prohibits transfers of its common stock that could result in a person or group acquiring 4.99% or more of the outstanding shares of P10’s common stock without the Board’s...

EnerSys Announces Quarterly Dividend

Written by Customer Service on May 21, 2020. Posted in Dividend Reports And Estimates.

READING, Pa., May 21, 2020 (GLOBE NEWSWIRE) — EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today that its Board of Directors has declared a quarterly cash dividend of $0.175 per share of common stock payable on June 26, 2020, to holders of record as of June 12, 2020.For more information, contact Steve Heir, Vice President, Corporate Development & Investor Relations, EnerSys, P.O. Box 14145, Reading, PA 19612-4145, USA. Tel: 610-236-4040 or by emailing investorrelations@enersys.com; Web site: www.enersys.com.EDITOR’S NOTE: EnerSys, the global leader in stored energy solutions for industrial applications, manufactures and distributes reserve power and motive power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure...

Dealnet Obtains $6.25 Million Term Loan with Schedule 1 Bank

Written by Customer Service on May 21, 2020. Posted in Public Companies.

TORONTO, May 21, 2020 (GLOBE NEWSWIRE) — Dealnet Capital Corp. (“Dealnet” or the “Company”) (TSX VENTURE: DLS) announced today that it has executed a binding commitment letter for a $6.25 million, 12-month term loan with a Schedule 1 Bank in partnership with the Export Development Corporation. This loan bears interest at bank’s prime rate + 4%, with an annual guarantee fee of 1.8% and is secured by a first ranking general security agreement over EcoHome. The Company can request a 12-month extension which can be granted at the discretion of the Bank.“This term loan enhances Dealnet’s financial position and positions the Company for future origination growth and value creation once the current health and financial crisis show signs of easing,” said Brent Houlden, Dealnet’s Chief Executive Officer. “I am pleased that despite...

CUMULUS MEDIA Adopts Short-Term Shareholder Rights Plan

Written by Customer Service on May 21, 2020. Posted in Public Companies.

ATLANTA, May 21, 2020 (GLOBE NEWSWIRE) — Cumulus Media Inc. (NASDAQ: CMLS) (“Cumulus” or the “Company”) announced today the adoption of a short-term shareholder rights plan (the “Rights Plan”) designed to protect shareholder interests and maximize value for all shareholders.In adopting the Rights Plan, the Board has taken note of the unprecedented impact of the COVID-19 pandemic on equity market valuations which has led to substantial volatility in the trading of the Company’s stock and a dislocation in Cumulus’ stock price, which the Board believes does not reflect the Company’s inherent value or business performance. The Rights Plan is intended to promote the fair and equal treatment of all shareholders by preventing a creeping change of control without an appropriate premium and on terms that would not deliver sufficient...

Golden Leaf Holdings Reports Fiscal First Quarter 2020 Results

Written by Customer Service on May 21, 2020. Posted in Public Companies.

TORONTO, May 21, 2020 (GLOBE NEWSWIRE) — Golden Leaf Holdings Ltd. (CSE:GLH) (OTCQB:GLDFF) (“Golden Leaf” or the “Company”), a premiere consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, today announced financial results for the first quarter ended March 31, 2020. All financial results are stated in US dollars, unless otherwise noted.“The health crisis caused by COVID-19 that began during the first quarter of 2020 was one of many challenges the Company overcame this quarter,” stated Jeff Yapp, Chief Executive Officer of Golden Leaf. “I am proud of the team’s ability to pivot our operations, retail model, and product line, to help re-establish Golden Leaf as a market leader in Oregon and generate record revenues.”Q1 Financial Highlights:Record quarterly revenues from continuing...

Exela Technologies, Inc. Announces CFO Transition

Written by Customer Service on May 21, 2020. Posted in Public Companies.

IRVING, Texas, May 21, 2020 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA), a location-agnostic global business process automation (BPA) leader across numerous industries, today announced that Shrikant Sortur, who has served as Exela’s Executive Vice President, Global Finance since 2017, has been promoted to Chief Financial Officer as part of the Company’s succession planning process. Jim Reynolds, who has served as CFO since 2017, will remain a non-employee member of the Company’s Board of Directors.“We are excited to announce the promotion of Shrikant Sortur to CFO,” said Ronald Cogburn, Chief Executive Officer of Exela, and added, “Shrikant brings extensive experience and proven financial leadership managing our complex global finance operations over the past three years. His skills and...

Teleflex Incorporated Announces Pricing of $500 Million Senior Notes Offering

Written by Customer Service on May 21, 2020. Posted in Public Companies.

WAYNE, Pa., May 21, 2020 (GLOBE NEWSWIRE) — Teleflex Incorporated (NYSE: TFX) (“Teleflex”) announced today that it priced its private offering of $500.0 million aggregate principal amount of 4.25% senior notes due 2028 (the “Notes”) at an issue price of 100.000%. The sale of the Notes is expected to close on May 27, 2020, subject to customary closing conditions.The Notes will be guaranteed by each of Teleflex’s existing and future wholly-owned domestic subsidiaries that is a guarantor or other obligor under its credit agreement.Teleflex intends to use the net proceeds from the offering to repay borrowings under its revolving credit facility.The offering of the Notes will be made in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”),...

Day: May 21, 2020

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