Day: August 12, 2020

OTTAWA, Ill., Aug. 12, 2020 (GLOBE NEWSWIRE) — Ottawa Bancorp, Inc. (the “Company”) (OTCQX: OTTW), the holding company for Ottawa Savings Bank, FSB (the “Bank”), announced net income of $0.8 million, or $0.25 per basic and diluted common share for the three months ended June 30, 2020, compared to net income of $0.4 million, or $0.14 per basic and diluted common share for the three months ended June 30, 2019.  For the six months ended June 30, 2020, the Company announced net income of $0.8 million, or $0.27 per basic and diluted common share, compared to net income of $0.8 million, or $0.26 per basic and diluted common share for the six months ended June 30, 2019.  During the second quarter of 2020, the Company experienced an increase in loan originations which drove growth in the loan portfolio.  The loan portfolio, net of allowance,...

TORONTO, Aug. 12, 2020 (GLOBE NEWSWIRE) — Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX: MND, OTCQB: MNDJF) today announced its financial results for the quarter ended June 30, 2020.The Company’s unaudited condensed and consolidated interim financial results for the quarter ended June 30, 2020, together with its Management’s Discussion and Analysis (“MD&A”) for the corresponding period, can be accessed under the Company’s profile on www.sedar.com and on the Company’s website at www.mandalayresources.com. All currency references in this press release are in U.S. dollars except as otherwise indicated.For the second quarter of 2020, the Company generated revenue of $42.3 million, adjusted EBITDA of $21.3 million, and adjusted net income of $7.6 million, or $0.08 income per share.Commenting...

VANCOUVER, British Columbia, Aug. 12, 2020 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) today announced that its August 2020 distribution of $0.035 per unit has been declared and is payable to unitholders of record as of August 21, 2020. The August 2020 distribution will be paid on August 31, 2020. The Fund is a limited purpose, open-ended trust established under the laws of the Province of Ontario that, through The Keg Rights Limited Partnership, a subsidiary of the Fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. (“KRL”). In exchange for use of those trademarks, KRL pays the Fund a royalty of 4% of gross sales of Keg restaurants included in the royalty pool.Vancouver-based KRL is the leading operator and franchisor of steakhouse restaurants in Canada...

HAMILTON, Bermuda, Aug. 12, 2020 (GLOBE NEWSWIRE) — TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE American: TAT) (the “Company” or “TransAtlantic”) today announced its financial results for the quarter ended June 30, 2020 and provided an operations update. Additional information can be found on the Company’s website at http://www.transatlanticpetroleum.com.Pending Merger and Loan AgreementAs previously disclosed, on August 7, 2020, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which an affiliate of a group of holders (the “Preferred Shareholder Group”) representing 100% of the Company’s outstanding 12.0% Series A Convertible Redeemable Preferred Shares (“Series A Preferred Shares”), would acquire all of the outstanding common shares of the Company for $0.13 per share in cash (the...

ACTON, Mass., Aug. 12, 2020 (GLOBE NEWSWIRE) — Psychemedics Corporation (NASDAQ:PMD) today announced second quarter financial results for the period ended June 30, 2020. The Company’s revenue for the quarter ended June 30, 2020 was $3.3 million versus $9.3 million for the quarter ended June 30, 2019, a decrease of 64%.  Net loss for the quarter ended June 30, 2020 was $2.1 million or ($0.37) per diluted share, versus net income of $0.8 million or $0.14 per diluted share, for the comparable period last year. The Company’s revenue for the six months ended June 30, 2020 was $10.9 million versus $19.1 million for the comparable period in 2019, a decrease of 43%.  Net loss for the six months ended June 30, 2020 was $2.2 million or ($0.40) per diluted share, versus net income of $1.4 million or $0.25 per diluted share, for the comparable...

LAVAL, Québec, Aug. 12, 2020 (GLOBE NEWSWIRE) — Savaria Corporation (“Savaria”) (TSX: SIS), one of the global leaders in the accessibility industry, is pleased to announce today its results for the second quarter of fiscal 2020.HighlightsRevenue was $84.7M, down $9.3M, or 9.9%;Gross profit was $29.3M, down $2.8M, or 8.6%, representing 34.6% of revenue compared to 34.1%;Adjusted net earnings stable, coming in at $6.3M, or $0.12 per share on a diluted basis;Adjusted EBITDA was $14.5M, up $0.3M or 1.8%.A word from the President“Despite the challenging climate presented by COVID-19, we generated revenue of $84.7 million in the second quarter of 2020 and adjusted EBITDA stood at $14.5 million, an increase of 1.8% compared to the same period in 2019. We have continued to effectively manage costs by product and location,” stated Mr. Marcel...

LAVAL, Québec, 12 août 2020 (GLOBE NEWSWIRE) — Savaria Corporation (« Savaria ») (TSX : SIS), un des chefs de file mondiaux de l’industrie de l’accessibilité, divulgue aujourd’hui les résultats de son 2e trimestre de l’exercice 2020.Faits saillantsRevenus de 84,7 M $, en baisse de 9,3 M $, ou 9,9 %;Marge brute de 29,3 M $, en baisse de 2,8 M $, ou 8,6 %, représentant 34,6 % des revenus comparativement à 34,1 %;Résultat net ajusté stable à 6,3 M $, ou 0,12 $ par action sur une base diluée;BAIIA ajusté de 14,5 M $, en hausse de 0,3 M $ ou 1,8 %.Mot du Président« Malgré le climat difficile présenté par la COVID-19, nous avons atteint un revenu de 84,7 millions $ au deuxième trimestre de 2020 et un BAIIA ajusté de 14,5 millions $, en hausse de 1,8 % par rapport au même trimestre de l’année précédente. Cette hausse...

LONGUEUIL, Quebec, Aug. 12, 2020 (GLOBE NEWSWIRE) — D-BOX Technologies Inc. (TSX: DBO), a world leader in haptic and immersive entertainment experiences, announced today its financial results for the first quarter ended June 30, 2020. All amounts in this press release are in Canadian dollars.FINANCIAL HIGHLIGHTSHighlights for the First Quarter Ended June 30, 2020Compared with the fourth quarter ended June 30, 2019:Total revenues decreased from $7.5 million to $2.2 million as a result of the adverse impact of the COVID-19 pandemic.Recurring revenue decreased from $2.4 million to $0.1 million as a result of the adverse impact of the COVID-19 pandemic.Revenues related to systems sales from the entertainment market excluding home entertainment decreased from $2.7 million to $0.4 million.Revenues from home entertainment increased from...

LONGUEUIL, Québec, 12 août 2020 (GLOBE NEWSWIRE) — Technologies D-BOX Inc. (TSX : DBO), un chef de file mondial de l’industrie du divertissement haptique et immersif, a annoncé aujourd’hui les résultats de son premier trimestre clos le 30 juin 2020. Tous les montants sont exprimés en dollars canadiens.FAITS SAILLANTS FINANCIERSFaits saillants du premier trimestre clos le 30 juin 2020Comparaison avec le premier trimestre clos le 30 juin 2019 :Les revenus totaux ont diminué de 7,5 millions de dollars à 2,2 millions de dollars en raison des incidences négatives de la pandémie de la COVID-19.Les revenus récurrents ont diminué de 2,4 millions de dollars à 0,1 million de dollars en raison des incidences négatives de la pandémie de la COVID-19.Les revenus de la vente de système du marché du divertissement excluant le divertissement à domicile...