Day: August 10, 2020

Product revenue for the first six months of 2020 increased 50% year-over-year to $21.4 millionAgreement executed with Columbia University to develop novel oligonucleotide platform for the treatment of genetically driven cancers, including KRAS-driven cancers, and coronavirusesNEW YORK, Aug. 10, 2020 (GLOBE NEWSWIRE) — Fortress Biotech, Inc. (NASDAQ: FBIO) (“Fortress”), an innovative revenue-generating company focused on acquiring, developing and commercializing or monetizing promising biopharmaceutical products and product candidates cost-effectively, today announced financial results and recent corporate highlights for the second quarter ended June 30, 2020.Lindsay A. Rosenwald, M.D., Fortress’ Chairman, President and Chief Executive Officer, said, “Fortress has continued to efficiently and effectively execute on its growth objectives...

MAYNARD, Mass., Aug. 10, 2020 (GLOBE NEWSWIRE) — Acacia Communications, Inc. (NASDAQ: ACIA), a leading provider of high-speed coherent optical interconnect products, today reported financial results for its second quarter ended June 30, 2020. Acacia Communications will not host a conference call to discuss its results for the second quarter of 2020 or provide forward guidance for the third quarter ending September 30, 2020, due to the previously announced proposed acquisition of Acacia Communications by Cisco Systems, Inc.Results for the Second Quarter of 2020Revenue of $135.2 millionGAAP gross margin of 48.2%; non-GAAP gross margin* of 48.4%GAAP income from operations of $14.4 million; non-GAAP income from operations* of $28.8 millionGAAP net income of $16.1 million; non-GAAP net income* of $28.0 millionEBITDA* of $17.0 million;...

CHICAGO, Aug. 10, 2020 (GLOBE NEWSWIRE) — Sprout Social, Inc. (“Sprout Social” or the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced that it has commenced a follow-on public offering of its Class A common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the “SEC”). The Company proposes to sell up to 1.5 million shares of its Class A common stock in the offering, and selling stockholders are proposing to sell up to 4.5 million shares of the Company’s Class A common stock in the offering. In addition, the Company and the selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 900,000 shares of Class A common stock. The Company will not receive any proceeds from...

TORONTO, Aug. 10, 2020 (GLOBE NEWSWIRE) — i3 Interactive Inc. (“i3 Interactive” or the “Company”) (CSE: BETS) (FRA: F0O3) is pleased to announce that it has entered into a business combination agreement dated August 6, 2020 (the “Definitive Agreement“) with an arm’s length, private British Columbia corporation (the “B.C. Corp.”), pursuant to which the Company has agreed to acquire all the issued and outstanding shares of B.C. Corp. (the “Target Shares”). Upon completion of the Proposed Acquisition (as defined below), the Resulting i3 Subsidiary (as defined below) will hold an indirect, 65% controlling interest in an entity which owns an active Indian poker brand (the “India Poker Operation”). The brand is part of a poker network in India with over a million registrations and over 75,000 active users as of the month of...

IRVING, Texas, Aug. 10, 2020 (GLOBE NEWSWIRE) — CorePoint Lodging Inc. (NYSE: CPLG) (“CorePoint” or the “Company”), a pure play select-service hotel owner strategically focused on the midscale and upper-midscale segments, today reported operational and financial results for the second quarter ended June 30, 2020.Second Quarter 2020 and Subsequent HighlightsNet loss of $(107) million, or $(1.89) loss per fully diluted share, including the impact of a non-cash GAAP impairment charge of $52 millionComparable RevPAR of $24.15, a decrease of 62.5% from the same period in 2019 with 838 basis points of RevPAR Index market share gainAdjusted EBITDAre of $(8) millionAdjusted FFO attributable to common stockholders of $(18) million, or $(0.31) per fully diluted shareAll of the Company’s 230 hotels are currently open and operationalHotel room...

Net sales increased 24.5% to $803.4 million Comparable store sales increased 16.7% Net income increased by $40.0 million to $29.3 million Adjusted net income (1) increased 189.2% to $41.8 million Adjusted EBITDA (1) increased 34.7% to $60.6 millionEMERYVILLE, Calif., Aug. 10, 2020 (GLOBE NEWSWIRE) — Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet” or the “Company”) today announced financial results for the second quarter of fiscal 2020 ended June 27, 2020.For the Second Quarter Ended June 27, 2020:Net sales increased by 24.5% to $803.4 million from $645.3 million in the second quarter of fiscal 2019; comparable store sales increased by 16.7% compared to a 5.8% increase in the same period last year.The Company opened 7 new stores ending the quarter with 362 stores in six states.Net income increased $40.0 million to $29.3...

HAMILTON, BERMUDA, August 10, 2020 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced its results for the quarter ended June 30, 2020.The full report is available here and in the below attachment. About DHT Holdings, Inc.DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Singapore and Oslo, Norway. You shall recognize us by our business approach with an experienced organization with focus on first rate operations and customer service, quality ships built at quality shipyards, prudent capital structure with robust cash break even levels to accommodate staying power through the business cycles, a combination of market exposure and fixed income contracts for our fleet...

BOCA RATON, Fla., Aug. 10, 2020 (GLOBE NEWSWIRE) — FlexShopper, Inc. (Nasdaq:FPAY) (“FlexShopper”), a leading national online lease-to-own (“LTO”) retailer and LTO payment solution provider, today announced its financial results for the quarter ended June 30, 2020, highlighted by growth in adjusted EBITDA and net revenues.Results for Quarter Ended June 30, 2020 vs. Quarter Ended June 30, 2019:Net lease revenues and fees increased 15.1% to $22.9 million from $19.9 millionFlexShopper originated 33,941 gross leases, up 16.0% from 29,252Gross lease originations increased $2.1 million, or 15.8%, to $15.3 million from $13.2 millionThe average origination value remained flat at $452Net loss of $(262) thousand compared with a net loss of $(310) thousandNet loss attributable to common stockholders of $(0.9) million, or $(0.04) per diluted...

HOUSTON, Aug. 10, 2020 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) today announced its second quarter 2020 financial results. The announcement and financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov.The company will hold a conference call on Tuesday, August 11, 2020, at 11 a.m. Eastern/10 a.m. Central. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. A recording of the webcast will be posted on the Investor Relations section of the website after the call is completed.About OccidentalOccidental is an international energy company with operations in the United States, Middle East,...

St. Louis, Aug. 10, 2020 (GLOBE NEWSWIRE) — ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today reported its operating results for the third quarter ended June 30, 2020 (Q3 2020) compared to the third quarter ended June 30, 2019 (Q3 2019).COVID-19 UpdateVic Richey, Chairman and Chief Executive Officer, commented, “As we manage through the COVID-19 global pandemic, we continue to focus on the health and safety of our employees, customers and suppliers, thereby securing the financial well-being of the Company and supporting business continuity.“While our businesses have obviously been impacted by the pandemic, I’m proud of our employees’ commitment to supporting our customers’ essential industries. Our entire organization has stepped up to the challenge and drove our strong operating performance which exceeded expectations. “Our...