Month: July 2020

RIDGEFIELD, Conn., July 29, 2020 (GLOBE NEWSWIRE) — The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company” or “Chefs’”), a premier distributor of specialty food products in the United States and Canada, today reported financial results for its second quarter ended June 26, 2020.Financial highlights for the second quarter of 2020 compared to the second quarter of 2019:Net sales decreased 51.3% to $200.5 million for the second quarter of 2020 from $411.4 million for the second quarter of 2019.GAAP net loss was $20.3 million, or $(0.57) per diluted share, for the second quarter of 2020 compared to net income of $7.7 million, or $0.26 per diluted share, in the second quarter of 2019.Adjusted EPS1 was $(0.52) for the second quarter of 2020 compared to $0.33 for the second quarter of 2019.Adjusted EBITDA1 was $(13.7) million for the...

CRESSKILL, N.J. and JERUSALEM, Israel, July 29, 2020 (GLOBE NEWSWIRE) — BrainsWay Ltd. (NASDAQ & TASE: BWAY) (“BrainsWay” or the “Company”), a global leader in the advanced noninvasive treatment of brain disorders, today announced that it will report its second quarter 2020 financial results and operational highlights before the open of the U.S. financial markets on Wednesday, August 12, 2020. The Company will host a conference call and webcast at 8:30 AM Eastern Time to discuss the results and provide an update on business operations.Conference Call Dial-In & Webcast Information:The conference call will be broadcast live and will be available for replay for 30 days on the Company’s website, https://investors.brainsway.com/financial-calendar. Please access the Company’s website at least 10 minutes ahead of the conference...

New York, July 29, 2020 (GLOBE NEWSWIRE) —Second quarter reported net revenue of $1.85 billion, a decrease of 12.8% from a year ago, with organic net revenue decrease of 9.9%, due to impact of global economic contraction in the quarterFirst half reported net revenue decrease of 7.4%, and organic net revenue decrease of 5.0%Second quarter reported net loss was $45.6 million including restructuring charges, and adjusted EBITA was $174.9 million before restructuring chargesSecond quarter adjusted EBITA margin of 9.4% before restructuring chargesSecond quarter diluted loss per share of $0.12 and diluted earnings per share of $0.23 as adjustedFirst half diluted loss per share of $0.11 and diluted earnings per share of $0.34 as adjustedManagement initiated program of extensive structural operating cost reduction, resulting in restructuring...

Hexagon Purus, a subsidiary of Hexagon Composites, has been awarded a contract for the design, development, qualification and production of high-performance Type 4 composite pressure vessels to a new major aerospace customer for its launch vehicle. The total sales value of the current order is approximately USD 5.2 million (approx. NOK 48 million). Future orders are expected to follow the successful delivery of the first shipment.Driving energy transformationThis is the second project that Hexagon Purus has collaborated on in the aerospace industry in the past two years. Hexagon Purus’ smart technology combined with its world leading expertise in lightweight, reliable and safe high-pressure gas storage is being leveraged to support pioneering developments in space travel.“We are excited to be working on this project and to be partners...

LAS VEGAS, July 29, 2020 (GLOBE NEWSWIRE) — Everi Digital, the online gaming division of Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), the casino gaming industry’s single source provider of gaming products and financial technology and loyalty solutions, is now delivering its online gaming content to Lotoquebec.com via its proprietary Remote Game Server (RGS).Everi partnered with Scientific Games’ (NASDAQ: SGMS) OpenGaming™ ecosystem to bring its premier land-based games to Quebec players online. This partner-operator collaboration launched with six of Everi’s player popular titles including Star Magic™, Vortex™, Tiger 7’s™, Double Jackpot™, Smokin 777™, and Meltdown™, all offered in both French and English with additional titles to follow the initial launch.“Everi is delighted to extend our Games and FinTech partnership...

SUNNYVALE, Calif., July 29, 2020 (GLOBE NEWSWIRE) — eGain (NASDAQ: EGAN), the leading provider of customer engagement solutions, today announced that chatbots ranked at the bottom among digital touchpoints in customer satisfaction during the initial outbreak of COVID-19.Conducted by Dimensional Research on behalf of eGain and fielded in June 2020, the survey was administered to thousands of consumers, who had used a digital channel for customer service across six industries in April and May 2020. Here are key findings:     • Chatbots aka virtual assistants rank at the bottom among digital service options, including chatbots, messaging, chat, cobrowse, email, and social             º    57% of consumers were frustrated with inconsistent answers across chatbot and human-assisted service. This highlights the importance of taking a...

Boston, July 29, 2020 (GLOBE NEWSWIRE) — Catastrophe risk modeling firm AIR Worldwide (AIR) announced the release of its updated Tropical Cyclone and Earthquake Models for the Caribbean. These models will provide insurers and reinsurers with a comprehensive view of risk across 29 countries and territories in the region. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.“The past several years have reaffirmed the vulnerability of the Caribbean to tropical cyclones and earthquakes. Hurricanes Maria and Irma (2017), Hurricane Dorian (2019), and the 2010 earthquake in Haiti devastated the countries they impacted, and the January 2020 earthquake in Puerto Rico was a more recent reminder of Caribbean seismic risk,” said Dr. Jayanta Guin, executive vice president and chief research officer, AIR Worldwide. “Working with local experts, AIR...

BETHESDA, Md., July 29, 2020 (GLOBE NEWSWIRE) — EagleBank, one of the largest community banks in the Washington, DC area, is pleased to announce that it has committed $5 million to the Washington Housing Initiative (WHI) Impact Pool, which invest in the preservation and creation of affordable workforce housing in the DC region.“We are delighted to invest in the Washington Housing Initiative Impact Pool,” said Susan Riel, President and Chief Executive Officer of EagleBank. “The work being done by WHI complements the mission of EagleBank in fostering inclusivity, building local neighborhoods and sustaining our local economy,” Ms. Riel added.“EagleBank’s commitment to the Washington Housing Initiative is a perfect example of a local institution investing in the successful future of the community which they serve,” said AJ Jackson,...

VANCOUVER, British Columbia, July 29, 2020 (GLOBE NEWSWIRE) — Integra Resources Corp. (“Integra” or the “Company”) (TSX-V:ITR; OTCQX:IRRZD) is pleased to announce the first set of drill results from the 2020 Florida Mountain drill program at the DeLamar Project, situated in Owyhee County in southwest Idaho.George Salamis, President and CEO of Integra Resources commented, “We are excited to report that the exploration team has successfully intersected high grade gold and silver in each of the first four drill holes completed at Florida Mountain. These initial drill holes targeted down-dip extensions of high-grade, vertically plunging shoots and structural zones, interpreted from both modern and historical drill and production data. Several of the high-grade intercepts were obtained beneath the current NI 43-101 resource model, and...