Month: May 2020

Koss Supplies Headsets for Telemedicine and “Work From Home” in Tough Q3

Written by Customer Service on May 7, 2020. Posted in Public Companies.

MILWAUKEE, Wisc., May 07, 2020 (GLOBE NEWSWIRE) — Koss Corporation (NASDAQ SYMBOL: KOSS), the U.S. based high-fidelity headphone company, has reported its third quarter results for the quarter ended March 31, 2020.Sales for the third quarter were $4,789,441, which is a 1.5% decrease from sales of $4,860,247 for the same three month period one year ago. The three month net loss was $97,373, compared to net income of $137,880 for the third quarter last year. Diluted and basic loss per common share for the quarter was $0.01 compared to diluted and basic income per common share of $0.02 for the three month period one year ago.“We were proud to do our part to help doctors on the front lines and US workers and students telecommuting from home,” Michael J. Koss, Chairman and CEO, said today. “Communications products have traditionally...

Broadstone Net Lease, Inc. Reports 2020 First-Quarter Results and Provides Update on Impacts of the COVID-19 Pandemic

Written by Customer Service on May 7, 2020. Posted in Earnings Releases And Operating Results.

ROCHESTER, N.Y., May 07, 2020 (GLOBE NEWSWIRE) — Broadstone Net Lease, Inc. (“BNL,” ”we,” or ”us”), an internally-managed real estate investment trust (“REIT”), today announced operating results for the quarter ended March 31, 2020, and provided an update on the impacts of the COVID-19 pandemic on its business and results of operations. All per share amounts presented in this press release are on a diluted per share basis unless stated otherwise.“We are pleased with what we accomplished during the first quarter of 2020 despite the impact of the COVID-19 pandemic,” said Chris Czarnecki, BNL’s Chief Executive Officer. “In addition to growing revenues and AFFO, we successfully completed the internalization of our management functions, including negotiating the related financing and the seamless on-boarding of our employee base. Unfortunately,...

Tabula Rasa HealthCare Reports First Quarter 2020 Results

Written by Customer Service on May 7, 2020. Posted in Public Companies.

MOORESTOWN, N.J., May 07, 2020 (GLOBE NEWSWIRE) — Tabula Rasa HealthCare®, Inc. (“TRHC”) (NASDAQ:TRHC), a healthcare technology company advancing the field of medication safety, today reported financial results for the first quarter ended March 31, 2020.First Quarter 2020 HighlightsTotal revenue of $72.8 million, near the high end of our guidance range of $68.5 million to $73.5 million for the first quarter of 2020, increased 19%, on a reported basis, and 9%, on an organic basis, compared to a year ago.Non-GAAP Adjusted EBITDA of $4.8 million, near the high end of our guidance range of $4.0 million to $5.0 million for the first quarter of 2020, decreased 16% compared to a year ago due to increased investments to drive future growth. The company also incurred modest expenses in response to the COVID-19 pandemic.Non-GAAP Adjusted...

NextCure Reports First Quarter 2020 Financial Results

Written by Customer Service on May 7, 2020. Posted in Public Companies.

BELTSVILLE, Md., May 07, 2020 (GLOBE NEWSWIRE) — NextCure, Inc. (Nasdaq: NXTC), a clinical-stage biopharmaceutical company committed to discovering and developing novel, first-in-class immunomedicines to treat cancer and other immune-related diseases, today reported first quarter 2020 financial results and provided a business update.“Throughout the first quarter, NextCure continued to make progress on its pipeline of novel immunomedicines, and we plan to present the initial biomarker data from our Phase 1 portion of the NC318 Phase 1/2 monotherapy clinical trial at the American Society of Clinical Oncology (ASCO) Annual Meeting this month,” said Michael Richman, NextCure’s president and chief executive officer. “We filed an IND for our second product candidate and received FDA clearance for clinical studies in the first quarter....

Magna Announces 2020 Annual Meeting Results

Written by Customer Service on May 7, 2020. Posted in Public Companies.

AURORA, Ontario, May 07, 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2020 annual meeting of shareholders held on May 7, 2020. A total of 232,304,632 Common Shares or 77.71% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows:a. Election of Directors b. Other Items of BusinessBased on the voting results, each of the 12 nominees was elected with a substantial majority. Similarly, Deloitte was reappointed as Magna’s independent auditors and the Say on Pay resolution was approved, in each case by a substantial majority. Detailed voting results are included as...

Eagle Bulk Shipping Inc. Reports First Quarter 2020 Results

Written by Customer Service on May 7, 2020. Posted in Public Companies.

STAMFORD, Conn., May 07, 2020 (GLOBE NEWSWIRE) — Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk”, “Eagle” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax segment, today reported financial results for the three months ended March 31, 2020.Highlights for the Quarter:Generated net revenues of $74.4 million.TCE Revenue (1) for the quarter equated to $43.0 million. TCE (1) of $10,075 for the quarter. Realized a net loss of $3.5 million or $0.05 per basic and diluted share. Adjusted EBITDA(1) of $18.8 million.Other highlightsCompleted the scrubber installation program in early April- 41 vessels, or 82% of our fleet, are now fitted with exhaust gas cleanings systems Looking ahead into the second quarter of 2020, the Company has attained a TCE of $8,110 with approximately 67% of the available...

Dundee Precious Metals Announces Expected Broadening of Institutional Shareholder Base and Reduction in Ownership by Dundee Corporation

Written by Customer Service on May 7, 2020. Posted in Public Companies.

TORONTO, May 07, 2020 (GLOBE NEWSWIRE) — Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) announced today that Dundee Corporation (“Dundee Corp.”), currently holder of 19.8% of DPM, has entered into an agreement (the “Agreement”) with RBC Dominion Securities Inc. and Stifel GMP to sell approximately half of its holdings in DPM in order to provide funding for Dundee Corp. and to assist DPM in further broadening its shareholder base.“I am very proud of what we have accomplished since 2003 at DPM,” said Jonathan Goodman, Chair of the Board of Directors of DPM, and Chairman and Chief Executive Officer of Dundee Corp. “This transaction provides Dundee Corp. with a source of capital and at the same time allows DPM to further broaden its shareholder base and fully achieve its true value potential going forward. Dundee Corp....

Oak Ridge Financial Services, Inc. Ranked in Top 200 Publicly Traded Community Banks and Thrifts List by American Banker Magazine

Written by Customer Service on May 7, 2020. Posted in Public Companies.

OAK RIDGE, N.C., May 07, 2020 (GLOBE NEWSWIRE) — Oak Ridge Financial Services, Inc. (“Oak Ridge”; the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced that it has been named to American Banker magazine’s Top 200 Publicly Traded Community Banks and Thrifts. The ranking is based on a company’s three-year average return on average equity (“ROAE”) through December 31, 2019. ROAE is widely used by investors to analyze business performance. The Company came in at 90, up 20 spots from last year. This is the fourth time the Company has been named to the prestigious list.“It is an incredible honor to be named to American Banker’s Top 200 Community Banks and Thrifts list for the fourth year in a row,” said Tom Wayne, Chief Executive Officer and Chief Financial Officer. “We are proud of the talented...

Constellation Software Inc. Announces Results for the First Quarter Ended March 31, 2020 and Declares Quarterly Dividend

Written by Customer Service on May 7, 2020. Posted in Public Companies.

TORONTO, May 07, 2020 (GLOBE NEWSWIRE) — Constellation Software Inc. (TSX:CSU) (“Constellation” or the “Company”) today announced its financial results for the first quarter ended March 31, 2020 and declared a $1.00 per share dividend payable on July 10, 2020 to all common shareholders of record at close of business on June 19, 2020. This dividend has been designated as an eligible dividend for the purposes of the Income Tax Act (Canada). Please note that all dollar amounts referred to in this press release are in U.S. Dollars unless otherwise stated.The following press release should be read in conjunction with the Company’s Unaudited Condensed Consolidated Interim Financial Statements for the three months ended March 31, 2020 and the accompanying notes, our Management Discussion and Analysis for the three months ended March...

Align Technology Introduces Virtual Solutions to Connect Doctors and Existing Invisalign Patients For Continuity of Care

Written by Customer Service on May 7, 2020. Posted in Public Companies.

Invisalign® Virtual Appointment and Invisalign® Virtual Care represent the next level in practice and care transformation, enabling doctors to manage a range of practice services even when they are not in the same physical location as their patientsSAN JOSE, Calif., May 07, 2020 (GLOBE NEWSWIRE) — Align Technology, Inc. (NASDAQ: ALGN) today announced the availability of virtual solutions that help doctors connect with existing Invisalign patients to ensure continuity of care. Invisalign® Virtual Appointment and Invisalign® Virtual Care represent the next level in practice and care transformation, which enable doctors to manage a range of practice services even when they are not in the same physical location as their patients. Until recently, both solutions were in pilot phases but their launch was accelerated to support doctors...

Month: May 2020

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