Day: August 4, 2020

First Quarter HighlightsRevenues decreased 35.0% to $52.3 million from $80.4 million, primarily due to the impact of the COVID-19 pandemic on Radio revenues and, to a lesser extent, on Broadcasting and Commercial Music revenuesOrganic growth of 3.6% in Broadcast revenues and 0.2% in Recurring Commercial Music revenues(1)Radio revenues decreased 62.1%Operating costs decreased 43.8% to $28.3 million from $50.3 millionAdjusted EBITDA(2) decreased 18.2% to $25.5 million from $31.2 millionCash flow from operating activities increased 44.5% to $38.0 million compared to $26.3 millionAdjusted free cash flow(4) decreased 12.3% to $18.0 million, or $0.25 per share, compared to $20.6 million or $0.27 per shareImproving balance sheet with Net debt to Pro Forma Adjusted EBITDA(2) ratio of 2.91x, decreasing Net debt by $24.5 million from $361.3 million...

Faits saillants du premier trimestreLes produits ont diminué de 35,0 % pour atteindre 52,3 millions de dollars, comparativement à 80,4 millions de dollars, ce qui s’explique avant tout par l’incidence de la pandémie de COVID-19 sur les produits du secteur Radio et, dans une moindre mesure, sur ceux du secteur Diffusion et musique pour entreprises.La croissance interne des produits de Diffusion a été de 3,6 % et celle des produits récurrents de Musique pour entreprises de 0,2 %1).Les produits du secteur Radio ont diminué de 62,1 %.Les charges d’exploitation ont diminué de 43,8 %, passant de 50,3 millions de dollars à 28,3 millions de dollars.Le BAIIA ajusté2) a fléchi de 18,2 % pour s’établir à 25,5 millions de dollars, comparativement à 31,2 millions de dollars.Les flux de trésorerie liés aux activités d’exploitation ont augmenté de 44,5 %...

Record Quarterly Gross Margin of 30.3% Since 2015Reduced Quarterly SG&A to Lowest Level Since 2015

YUBA CITY, Calif., Aug. 04, 2020 (GLOBE NEWSWIRE) — River Valley Community Bancorp (OTC markets: RVCB) with its wholly owned subsidiary, River Valley Community Bank (collectively referred to as the “Bank”) is pleased to announce that it has opened its full service branch located at 904 B Street in Marysville CA.  Supporting this new branch, the bank has hired seasoned banking veteran Rosemary Daoust as Senior Vice President and Sr. Banking Officer to lead the bank’s business development and community outreach in Marysville and Yuba County.The bank had previously announced its intention to establish a full service bank branch in Marysville, which complements its existing coverage of the greater Yuba-Sutter market.  This new branch will better position the bank to provide a local banking option to Marysville and Yuba County and adds...

CALGARY, Alberta, Aug. 04, 2020 (GLOBE NEWSWIRE) — Silver Mountain Mines Inc. (TSX-V: SMM) (“Silver Mountain” or the “Company”) is pleased to announce a non-brokered private placement of up to 2,000,000 flow-through units (“Flow Through Unit”) at a price of $0.25 per unit and up to 500,000 Common Share Units (“Common Share Units”) at $0.25 per unit for total cash proceeds of up to $500,000 (the “Offering“).Each Flow-Through Unit consists of one common share of the Corporation to be issued on a flow-through basis (“Flow-Through Share“) and one (1) common share purchase warrant. Each common share purchase warrant (“Warrant“) entitles the holder to acquire, subject to adjustment, one Common Share at a price of $0.35 per share on or before 4:30 p.m. (Calgary time) on or before...

Second Quarter Net Sales of $53.6 millionResults Reflects Tight Cost Containment EffortsCompany to Host Shareholder Update Call on August 11, 2020MARIETTA, Ga., Aug. 04, 2020 (GLOBE NEWSWIRE) — MiMedx Group, Inc. (OTC PINK: MDXG) (“MiMedx” or the “Company”), an industry leader in advanced wound care and an emerging therapeutic biologics company, today announced the filing of its second quarter 2020 Form 10-Q for the period ended June 30, 2020.Peter M. Carlson, MiMedx Chief Financial Officer, said, “Our second quarter results demonstrate the effectiveness of the Company’s cost containment actions in offsetting the impact of the COVID-19 pandemic on sales. The business is operating efficiently, and we continue to review and refine our efforts to ensure effective product support and service for our customers, and access to our solutions...

ROCHESTER HILLS, Michigan, Aug. 04, 2020 (GLOBE NEWSWIRE) — InfuSystem Holdings, Inc. (NYSE American: INFU), (“InfuSystem” or the “Company), a leading national health care service provider, facilitating outpatient care for durable medical equipment manufacturers and health care providers, today announced that it will issue second quarter 2020 financial results on Thursday, August 13, 2020, before the market opens.The Company will also conduct a conference call for all interested investors on Thursday, August 13, 2020, at 9:00 a.m. Eastern Time to discuss its financial results.To participate in this call, please dial (833) 366-1127 or (412) 902-6773, or listen via a live webcast, which is available in the Investors section of the Company’s website at https://ir.infusystem.com/.  A replay of the call will be available by visiting...

MOORESTOWN, N.J., Aug. 04, 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 second quarter ended June 30, 2020.Second Quarter 2020 HighlightsTotal revenue of $76.8 million, which is within our guidance range of $76.0 million to $81.0 million for the second quarter of 2020, was up 1% as compared to the second quarter of 2019.Non-GAAP Adjusted EBITDA of $7.1 million, which is within our guidance range of $7.0 million to $9.0 million for the second quarter of 2020, declined as compared to $13.7 million for the same period in 2019, which marked a record high for any quarter in company history.Non-GAAP Adjusted Diluted EPS declined to $0.07 as compared to $0.35 during the same period in 2019.CareVention...

TORONTO, Aug. 04, 2020 (GLOBE NEWSWIRE) — Firm Capital American Realty Partners Trust (the “Trust”), (TSXV: FCA.UN), (TSXV: FCA.U) is providing the following update regarding its upcoming annual and special meeting of unitholders (the “Meeting”) to be held on August 10, 2020 at 11:00 am.Given the current circumstances surrounding COVID-19, the location of the Meeting will be the Trust’s head office, located at 163 Cartwright Avenue, Toronto, Ontario, Canada M6A 1V5. The Trust will be strictly restricting physical access to the Meeting to registered unitholders and formally appointed proxyholders and will not be permitting any others (including beneficial unitholders that hold their trust units through a broker or other intermediary) to attend. The Trust intends to resume holding in-person meetings in subsequent years.The Trust strongly...

DALLAS, Aug. 04, 2020 (GLOBE NEWSWIRE) — Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) today reported net loss of $65 million or $0.81 per diluted share and Adjusted Net Income(1) of $5 million or $0.06 per diluted share for the second quarter of 2020.Quarterly HighlightsKept all employees safe and maintained continuous operations while planning for continued COVID/oil demand uncertaintyReduced Unhedged OpEx 16% quarter over quarter through our cost-savings initiativeGenerated positive Levered Free Cash Flow(1); began building cash reserves as planned in JulyAchieved Adjusted EBITDA(1) of $57 million on strong hedge position and cost savingsEnhanced 2021 financial hedge portfolio at $46/Bbl Brent; currently over 75% of first half targeted oil production_______(1)   Please see “Non-GAAP Financial Measures and Reconciliations”...