Day: May 28, 2020

Fourth Quarter 2020 Revenue and Profitability Impacted by Temporary Closure Due to California Shelter-in-Place Order; Company Resumed Full Production in AprilSolid Sales Pipeline and Proprietary RADAR Testing Solution Position Company to Continue to Gain Market ShareDUBLIN, Calif., May 28, 2020 (GLOBE NEWSWIRE) — Giga-tronics Incorporated (OTCQB: GIGA) (the “Company”) reported results for the fourth quarter and fiscal year ended March 28, 2020.Revenue for the fourth fiscal quarter ended March 28, 2020 was $2.6 million, as compared to $3.5 million for the same period of fiscal 2019. Fourth quarter revenue was adversely impacted by the Company’s compliance with California’s Shelter-in-Place order during the month of March, which resulted in the temporary closure of its California facilities and a loss of production. Net loss attributable...

CALGARY, Alberta, May 28, 2020 (GLOBE NEWSWIRE) — Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.WT) (“Sugarbud“) is pleased to announce that it has closed the previously announced $5.0 million senior secured credit facility with Connect First Credit Union Ltd (“First Calgary”).“Our new credit facility with First Calgary provides a significant injection of working capital to the Company – materially addressing our working capital needs through the balance of 2020, after which, we anticipate being operating cash flow positive,” stated Sugarbud Chief Executive Officer, John Kondrosky. “We also view this credit facility as a strong vote of confidence from a tier one lender in our organization and our ability to continue to successfully execute against our operating plan and primary corporate objectives,” added Mr. Kondrosky.The...

SAN JOSE, Calif., May 28, 2020 (GLOBE NEWSWIRE) — Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced it has acquired Edgewise Networks, a pioneer in securing application-to-application communications for public clouds and data centers. Edgewise Networks significantly improves the security of east-west communication by verifying the identity of application software, services and processes to achieve a zero trust environment which measurably reduces the attack surface and lowers the risk of application compromise and data breaches.In today’s world of cloud and mobility, perimeter-based network security is becoming less relevant. Modern security should be focused on protecting users, applications and data. Zscaler secures connections between users and applications, based on business policies, without connecting...

— INFINITY is a randomized, active comparator-controlled trial —— INFINITY trial initiated for patients with diabetic macular edema, the most common cause of vision loss in people with diabetic retinopathy —— Positive interim clinical data recently presented for ADVM-022 in OPTIC Phase 1 trial for wet AMD; data from all four cohorts expected to be presented by year-end —— Company to host conference call today at 1:30 pm PDT / 4:30 pm EDT —REDWOOD CITY, Calif., May 28, 2020 (GLOBE NEWSWIRE) — Adverum Biotechnologies, Inc. (Nasdaq: ADVM), a clinical-stage gene therapy company targeting unmet medical needs in ocular and rare diseases, today announced the initiation of INFINITY, a Phase 2,  multi-center, randomized, double-masked, active comparator-controlled trial to assess a single intravitreal...

VANCOUVER, British Columbia, May 28, 2020 (GLOBE NEWSWIRE) — Legend Power® Systems Inc. (TSX.V: LPS) (“Legend Power” or the “Company”), a global leader in onsite energy management technology, today reported its Q2 fiscal 2020 financial results for the six months ended March 31, 2020. A conference call to discuss the results is set for 4:15pm EST today (dial in details below). A complete set of Financial Statements and Management’s Discussion & Analysis has been filed at www.sedar.com. All dollar figures are quoted in Canadian dollars.Financial Highlights for the three months ending March 31, 2020Revenue of $676k down 12% year-over-year from $769k reported in Q2 2019;Gross margin of 32% down from 54% in the quarter a year-ago, due to sales incentives offered in the quarter;Adjusted EBITDA loss of $1.5 million versus $1.3 million...

WATERLOO, Ontario, May 28, 2020 (GLOBE NEWSWIRE) — The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSX:DSG) announced that the following matters, as set out in more detail in its Management Information Circular dated April 28, 2020, were considered and voted on by shareholders at the annual and special meeting of shareholders held on Thursday, May 28, 2020 (the “Meeting”).GeneralThe total number of common shares of the Corporation represented in person or by proxy at the Meeting was 76,537,034 which represented 90.95% of the 84,157,016 common shares of the Corporation that were outstanding as of the record date for the Meeting, being April 20, 2020.Election of DirectorsOn a vote by ballot, each of the following 8 nominees proposed by management of the Corporation was elected as a director of the Corporation:Deepak Chopra joins as...

RADNOR, Pa., May 28, 2020 (GLOBE NEWSWIRE) — Marinus Pharmaceuticals, Inc. (Nasdaq: MRNS) (“Marinus” or the “Company”), a pharmaceutical company dedicated to the development of innovative therapeutics to treat rare seizure disorders, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. All of the shares to be sold in the offering will be offered by Marinus. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. In addition, Marinus intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the number of shares offered in the public offering.Cowen and Cantor Fitzgerald & Co. are acting as lead book-running managers...

Mechelen, Belgium; 28 May 2020, 22.01 CET; regulated information – Galapagos NV (Euronext & NASDAQ: GLPG) announces a share capital increase arising from subscription right exercises.Galapagos issued 435,540 new ordinary shares on 28 May 2020, for a total capital increase (including issuance premium) of €17,914,162.40.CEO Onno van de Stolpe exercised 40,000 subscription rights. Four other management board members exercised an aggregate number of 345,000 subscription rights. In addition, one member of the supervisory board exercised 2,520 subscription rights.In accordance with Belgian transparency legislation1, Galapagos notes that its total share capital currently amounts to €352,968,964.92, the total number of securities conferring voting rights amounts to 65,254,562, which is also the total number of voting rights (the “denominator”),...

Mechelen, België; 28 mei 2020, 22.01 CET; gereglementeerde informatie – Galapagos NV (Euronext & NASDAQ: GLPG) kondigt een kapitaalverhoging aan als gevolg van de uitoefening van inschrijvingsrechten.Galapagos heeft 435.540 nieuwe aandelen uitgegeven op 28 mei 2020, met een totale kapitaalverhoging van €17.914.162,40 (inclusief uitgiftepremie) tot gevolg.CEO Onno van de Stolpe heeft 40.000 inschrijvingsrechten uitgeoefend. Vier andere leden van de directieraad hebben in het totaal 345.000 inschrijvingsrechten uitgeoefend. Verder heeft één lid van de raad van toezicht 2.520 inschrijvingsrechten uitgeoefend.Overeenkomstig de Belgische transparantiewetgeving1 deelt Galapagos mee dat haar maatschappelijk kapitaal thans €352.968.964,92 bedraagt; het totaal aantal stemrechtverlenende effecten bedraagt 65.254.562, wat gelijk is aan het...

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