Day: May 27, 2020

MAHWAH, N.J., May 27, 2020 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced that a global tier-one service provider with operations in Latin America has adopted Radware’s DDoS attack defense and mitigation services as part of a multi-million dollar deal.  Radware displaced a competitive incumbent based on its Cisco OEM relationships, superior technology, technical expertise and responsiveness to customer needs.The service provider selected Radware to identify anomalies from infected user equipment, such as handsets and IoT devices. By identifying and controlling these infections from home and roaming subscribers, Radware can maintain the availability of the mobile packet core. It has also selected Radware to protect the data center infrastructure within...

The latest installment from CNHIndustrial.com’s Top Stories is an informative and illustrated insight into the multifaceted world of logistics. We take a look at the challenges facing CNH Industrial as the Company strives to boost efficiency while staying true to its ambitious sustainability targets. Find out more at: cnhindustrial.com/Lowering_the_impact_of_logisticsLondon, May 27, 2020A deep dive into the subject of logistic processes would usually only appeal to a select group of professional experts. This article, however, with its behind-the-scenes style narrative and first-hand accounts, offers a unique and engaging glimpse into how CNH Industrial N.V. (NYSE: CNHI / MI: CNHI), one of the world’s largest capital goods companies, manages to transport its finished vehicles from the factory gate to the final customer. Come with us on...

MINNEAPOLIS, May 27, 2020 (GLOBE NEWSWIRE) — iMedia Brands, Inc. (NASDAQ: IMBI) today announced results for the first quarter ended May 2, 2020. First Quarter 2020 Summary & Recent HighlightsQ1 net sales of $95.8 million declined 27% compared to prior year, driven primarily by management’s priority to improve operating cash flow. In Q4, management made the decision to reduce Q1 inventory receipts by 47%, which successfully drove a $14.9 million reduction in inventory compared to Q4. This reduction combined with a Q1 gross margin improvement of 710 basis points versus Q4 drove a $20 million increase in Q1 operating cash flow compared to Q4 2019. Q1 gross margin improvement of 870 basis points compared to the prior year Q1.Strong Q1 ShopHQ viewership trends continue, driven by static programming calendar introduced in Q4 2019....

Second quarter 2020 revenue was $142.8 million, down 11% sequentially and up 9% year-over-yearNet income attributable to Photronics, Inc. shareholders was $6.3 million, or $0.10 per diluted shareCash provided by operating activities was $30.5 million, resulting in a cash balance of $237.8 millionThird quarter 2020 guidance: revenue between $145 and $155 million with diluted EPS between $0.11 and $0.17BROOKFIELD, Conn., May 27, 2020 (GLOBE NEWSWIRE) — Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today reported financial results for its fiscal 2020 second quarter ended May 3, 2020.Second quarter revenue was $142.8 million, 11% lower than the previous quarter and 9% better than the same quarter last year. Integrated circuit (IC) revenue was $96.8 million, down 9% sequentially and down...

– Achieved 35% objective response rate, including 10% complete response rate, and 80% disease control rate among twenty evaluable patients with ovarian cancer– Data continue to support a NaPi2b biomarker-based patient selection strategy– Generally well-tolerated with no new safety signals– Data to be presented on a conference call today at 8 a.m. ET and at the American Society of Clinical Oncology 2020 Virtual Scientific Program on Friday, May 29, 2020CAMBRIDGE, Mass., May 27, 2020 (GLOBE NEWSWIRE) — Mersana Therapeutics, Inc. (NASDAQ:MRSN), a clinical-stage biopharmaceutical company focused on discovering and developing a pipeline of antibody-drug conjugates (ADCs) targeting cancers in areas of high unmet medical need, today reported interim safety, tolerability and efficacy data from the ongoing expansion...

KENNETT SQUARE, Pa., May 27, 2020 (GLOBE NEWSWIRE) — Genesis Healthcare, Inc. (Genesis, or the Company) (NYSE:GEN), one of the largest post-acute care providers in the United States, today announced operating results for the first quarter ended March 31, 2020 and provided an update regarding the impact of the 2019 novel coronavirus (COVID-19) pandemic on its business.“As a nation, we are facing the most significant pandemic of modern times, and nowhere has this challenge been more readily apparent than in skilled nursing facilities,” stated George V. Hager, Jr., Chief Executive Officer of Genesis. “Our focus has been concentrated on protecting the health and safety of the patients and residents in our care as well as the staff who care for them. We are doing everything that is medically known to contain the entry and spread of this...

HANGZHOU, China, May 27, 2020 (GLOBE NEWSWIRE) — Ruhnn Holding Limited (“Ruhnn” or the “Company”) (NASDAQ: RUHN), a leading internet key opinion leader (“KOL”) facilitator in China, today announced its participation in the following investor conferences:Institutional Capital Advisory (ICA) Asia Pacific Opportunities Virtual Summit, June 4, 2020 Bank of America Securities 2020 Innovative China Virtual Conference, June 12, 2020The Company’s management will participate in virtual meetings with institutional investors throughout these events. For additional information, please contact your respective institutional sales representative at each sponsoring organization.About Ruhnn Holding LimitedRuhnn Holding Limited is a leading internet KOL facilitator in China. The Company connects influential KOLs who engage and impact their fans on...

– First Quarter 2020 Revenues Increase 38% to $8.4 Million –

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.VANCOUVER, British Columbia, May 27, 2020 (GLOBE NEWSWIRE) — Rubicon Organics Inc. (CSE:ROMJ) (OTCQX:ROMJF) (“Rubicon Organics” or the “Company”) is pleased to announce that, due to a further increase in investor demand, it has increased its previously announced upsized non-brokered private placement offering to up to 5,744,681 units of the Company (“Units”) at a price of $2.35 per Unit for gross proceeds of up to $13.5 million (the “Offering”). Each Unit shall be comprised of one common share of the Company (each, a “Common Share”) and one Common Share purchase warrant of the Company (each, a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of $3.25 per Common Share at any time during the 12-month period...

The subsidiary of Panevezio statybos trestas AB Group, Metalo meistrai UAB, was presented a claim in the amount of SEK 27 million (equivalent to EUR 2,800 thousand as of 31 December 2019) from Strängbetong AB. The claim was based on the statement that the products delivered by the company had defects. The technical examination performed by the management was of the opinion that the claim had no reasonable ground. The first hearing of the case took place in the Arbitration Court in Stockholm in the beginning of 2020.On 26 May 2020 the Ad Hoc Arbitration that took place in Sweden issued the award ending the more than two-year long dispute on the quality of products delivered by Metalo meistrai UAB to the Swedish company Strängbetong AB. The Stockholm Arbitration Court denied the claim advanced by Strängbetong AB in full and found the case...