Day: June 4, 2020

SAN JOSE, Calif., June 04, 2020 (GLOBE NEWSWIRE) — Washington Water Service (Washington Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), today announced it has completed the acquisition of Rainier View Water Company’s (Rainier View Water) water system assets, with approval from the Washington Utilities and Transportation Commission. Washington Water is now providing water utility service to Rainier View Water’s 18,500 service connections.Rainier View Water serves about 35,000 people in parts of Graham, Spanaway, Puyallup, Gig Harbor, and other nearby areas through its 27 water systems. With this purchase, Washington Water doubles its customer base in the state. Washington Water will continue to invest in local water system infrastructure to keep water service reliable for customers’ everyday needs and fire...

HAMILTON, Bermuda, June 04, 2020 (GLOBE NEWSWIRE) — Hermitage Offshore Services Ltd., (“Hermitage Offshore” or the “Company”) announces its financial results for the three months ended March 31, 2020.A reverse asset acquisition in April 2019 resulted in a change in the basis of accounting for the Company. As a result, the financial information presented for the three months ended March 31, 2020 and 2019 is not directly comparable.Results for the three months ended March 31, 2020 and 2019For the three months ended March 31, 2020 (Successor, as defined below in the section entitled ‘Reverse acquisition’) the Company’s net loss was $6.8 million, or $0.25 basic and diluted loss per share (based on 27,343,723 weighted average shares outstanding).For the three months ended March 31, 2019 (Predecessor,...

Balance Sheet & Liquidity Remain Strong Margin Expansion Realized in NA Fenestration Segment Management Optimistic About RecoveryHOUSTON, June 04, 2020 (GLOBE NEWSWIRE) — Quanex Building Products Corporation (NYSE:NX) (“Quanex” or the “Company”) today announced its results for the three months ended April 30, 2020.The Company reported the following selected financial results:(See Non-GAAP Terminology Definitions and Disclaimers section, Non-GAAP Financial Measure Disclosure table Selected Segment Data table and Free Cash Flow Reconciliation table for additional information)George Wilson, President and Chief Executive Officer, commented, “The first two months of our second quarter were very solid, but, as expected, April proved to be a challenge due to the ongoing COVID-19 pandemic.  Despite the volume decline in April, we were...

DENVER, June 04, 2020 (GLOBE NEWSWIRE) — QEP Resources, Inc. (NYSE:QEP) (QEP or the Company) announced today that it has entered into an amendment to its existing credit agreement with Wells Fargo Bank, National Association, and other lenders (the Credit Agreement).“The amended credit facility increases our liquidity by more than $500 million and is expected to provide us with the necessary financial flexibility to execute our ongoing business plan. We believe that the amendment strengthens our financial position as we navigate through this challenging environment. We appreciate our banks working closely with us in connection with this amendment and their continued support to our organization, especially given the current market environment,” commented Tim Cutt, President & CEO of QEP.The amendment announced today...

NEW YORK, June 04, 2020 (GLOBE NEWSWIRE) — (NYSE: AFT) – Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of June 2020 of $0.066 per common share, payable on the date noted below.The following dates apply to the declared distribution:Ex-Date: June 16, 2020Record Date: June 17, 2020Payment Date: June 30, 2020Per Share Amount: $0.066Apollo Contact Information:Product Literature877-864-4834InvestorsGary M. SteinHead of Investor RelationsApollo Global Management, Inc.212-822-0467gstein@apollo.comForward-Looking StatementsThis press release may contain statements that are forward looking, as that term is defined by the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission in its rules, regulations and releases. These statements...

SAN FRANCISCO, June 04, 2020 (GLOBE NEWSWIRE) — iRhythm Technologies, Inc. (NASDAQ: IRTC), a leading digital health care solutions company focused on the advancement of cardiac care, announced today that Douglas Devine has been appointed Chief Financial Officer (CFO), effective June 22, 2020. Mr. Devine will succeed Matthew Garrett, who has decided to step down from the role. Mr. Garrett has agreed to assist in a well-ordered transition of his CFO responsibilities and will remain at iRhythm in an advisory role for up to a year to assist with special projects.“On behalf of everyone at iRhythm and our Board of Directors, I want to thank Matt for his many contributions during his tenure with the company, including his strong leadership through iRhythm’s IPO and follow-on offering, as well as numerous other transactions that enabled...

BRIDGEWATER, N.J., June 04, 2020 (GLOBE NEWSWIRE) — Menlo Therapeutics Inc. (“Menlo”) (Nasdaq: MNLO), a specialty pharmaceutical company focused on developing and commercializing proprietary therapies to address unmet needs in dermatology, today announced that it intends to offer and sell, subject to market conditions, shares of its common stock in an underwritten public offering. All of the common stock to be sold in the offering will be offered by Menlo. In addition, Menlo expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.Cowen and Piper Sandler & Co. are...

SILICON SLOPES, Utah, June 04, 2020 (GLOBE NEWSWIRE) — Domo, Inc. (Nasdaq: DOMO) today announced results for the fiscal 2021 first quarter ended April 30, 2020.Fiscal First Quarter ResultsTotal revenue was $48.6 million, an increase of 19% year over yearSubscription revenue was $42.4 million, an increase of 23% year over yearSubscription revenue represented 87% of total revenueBillings were $46.5 million or 13% year-over-year growthNet cash used in operating activities was $12.9 million, an improvement of 52% year over yearAdjusted net cash used in operating activities was $9.3 million, an improvement of 58% year over yearSubscription gross margin was 79%, an improvement of 2 percentage points from Q1 FY20GAAP operating margin improved by 36 percentage points year over yearNon-GAAP operating margin improved by 34 percentage points...

LONDON and CARLSBAD, Calif., June 04, 2020 (GLOBE NEWSWIRE) — GW Pharmaceuticals plc (NASDAQ: GWPH, GW or the Company), a world leader in the science, development, and commercialization of cannabinoid prescription medicines, today announced that the Company will host a virtual event for investors to provide a review of the U.S. development program and market opportunity for its late stage pipeline product, nabiximols. The program will be webcast live on June 30, 2020 from 10:00 am-12:00 pm EDT, and a replay will be available soon after the live presentation. Both the live webcast link and the archive will be available on GW’s corporate website at www.gwpharm.com in the Investor section under Events and Presentations.Justin Gover, GW’s Chief Executive Officer, will host this event. The presentation will feature external medical and...

TORONTO, June 04, 2020 (GLOBE NEWSWIRE) — VVC Exploration Corporation (“VVC” or the “Company”) (TSX‑V: VVC) wishes to provide the following updates:Financial StatementsVVC filed its Financial Statements and Management’s Discussion & Analysis (collectively the “Financials”) for year ended January 31, 2020, on May 29, 2020.  The Financials are available for download from the Company’s website or from SEDAR (www.sedar.com).VVC’s Covid-19 Preparedness PlanThe Company expects to reopen the Gloria Copper Project, located in northern Chihuahua State, MX in June, once the Mexican authorities have granted permission.   In preparation for the re-opening, VVC is purchasing 2,250 face masks and face shields for our employees.   Throughout the pandemic, VVC has provided food and other supplies to the local...