Day: August 14, 2020

Whole Earth Brands, Inc. Reports Second Quarter 2020 Financial Results

Written by Customer Service on August 14, 2020. Posted in Earnings Releases And Operating Results.

Branded CPG product revenues increased 4.3% (6.6% constant currency) in the second quarterBusiness combination between Act II and Merisant Company and MAFCO Worldwide LLC completed on June 25, 2020Cash balance of $61.6 million and total liquidity of $110.9 million as of June 30, 2020CHICAGO, Aug. 14, 2020 (GLOBE NEWSWIRE) — Whole Earth Brands, Inc. (the “Company”) (Nasdaq: FREE), today announced its financial results for its second quarter ended June 30, 2020.SECOND QUARTER 2020 HIGHLIGHTSBusiness combination completed on June 25, 2020 with Flavors Holdings Inc. subsidiaries Merisant Company (“Merisant”), one of the world’s leading manufacturers of calorie-FREE and low-calorie sugar substitutes, and MAFCO Worldwide LLC (“MAFCO”), the world’s leading manufacturer of natural licorice products.Consolidated...

Spectral Announces Second Quarter Results

Written by Customer Service on August 14, 2020. Posted in Earnings Releases And Operating Results.

TORONTO, Aug. 14, 2020 (GLOBE NEWSWIRE) — Spectral Medical Inc., (TSX: EDT), a late stage theranostic company advancing therapeutic options for sepsis and septic shock, today announced its financial results for the second quarter ended June 30, 2020.Financial Review

VerifyMe Reports Second Quarter 2020 Results

Written by Customer Service on August 14, 2020. Posted in Earnings Releases And Operating Results.

ROCHESTER, N.Y., Aug. 14, 2020 (GLOBE NEWSWIRE) — VerifyMe, Inc. (NASDAQ: VRME) (“VerifyMe,” “we,” “our,” or the “Company”), a technology solutions provider specializing in brand protection functions such as counterfeit prevention, authentication, serialization, and track and trace features for labels, packaging and products, announced the Company’s financial results for the second quarter ended June 30, 2020 (“Q2 2020”).Key Financial Highlights for Q2 2020:Revenues increased 86% to $75,256, compared to $40,479 in the second quarter ended June 30, 2019Gross margins of 82%Operating loss increased by 11% to $0.7 millionAdjusted EBITDA(1) improved by 12% to a loss of $352,927Cash balance of $9.6 millionAlleviated going concern issue_________________________________(1) Adjusted EBITDA is a non-GAAP financial measure. Please see...

InPlay Oil Corp. Announces BDC Term Facility and Provides Second Quarter 2020 Financial and Operating Results

Written by Customer Service on August 14, 2020. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, Aug. 14, 2020 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that it has entered into a non-binding term sheet (the “BDC Term Sheet”) with the Business Development Bank of Canada (“BDC”), in partnership with our syndicate of lenders, for a non-revolving term facility of up to $25 million with a four year term. The Company is also announcing its financial and operating results for the second quarter. InPlay’s condensed unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the three and six months ended June 30, 2020 will be available at “www.sedar.com” and our website at “www.inplayoil.com”.Subsequent to the end of the second quarter, on July 15, 2020 the Company announced the completion...

DSS Announces Second Quarter 2020 Financial Results

Written by Customer Service on August 14, 2020. Posted in Earnings Releases And Operating Results.

ROCHESTER, N.Y., Aug. 14, 2020 (GLOBE NEWSWIRE) — Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced its financial results for the second quarter ended June 30, 2020.Business Highlights:Signed agreement to acquire Impact BioMedical; after the quarter end, DSS shareholders voted to approve the acquisition, meeting the final condition required to complete the transaction.Strengthened balance sheet by completing a $6.2 million offering in June and subsequently raised an additional $9.9 million in two separate offerings in July 2020.Premier Packaging subsidiary signed multi-year contract valued at $6 million per...

Altisource Asset Management Corporation Reports Second Quarter 2020 Results; Announces Agreement to Terminate the Asset Management Agreement between AAMC and Front Yard Residential Corporation

Written by Customer Service on August 14, 2020. Posted in Earnings Releases And Operating Results.

CHRISTIANSTED, U.S. Virgin Islands, Aug. 14, 2020 (GLOBE NEWSWIRE) — Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced financial and operating results for the second quarter of 2020.AAMC also announced that, on August 13, 2020, it entered into a Termination and Transition Agreement (the “Termination Agreement”) with Front Yard Residential Corporation (“Front Yard”), pursuant to which, following a transition period of not more than 180 days to ensure a smooth internalization and the transfer of certain employees and assets to Front Yard, the Amended and Restated Asset Management Agreement (the “Amended AMA”) with Front Yard will be terminated. As consideration for the termination of the Amended AMA, AAMC will receive (1) a termination fee of approximately $46.0 million, (2) $8.2...

Enservco Reports 2020 Second Quarter and Six-Month Financial Results

Written by Customer Service on August 14, 2020. Posted in Earnings Releases And Operating Results.

Company Updates Investors on Progress Toward Refinancing Debt, Including Recent East West Bank Grant of 45 Day Extension to Senior Secured Revolving Credit FacilityChairman Rich Murphy’s Investment Fund Plans to Convert Approximately $1.5 Million of Subordinated Debt into Enservco Common StockDENVER, Aug. 14, 2020 (GLOBE NEWSWIRE) — Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today reported financial results for its second quarter and six-month period ended June 30, 2020.“As expected, second quarter results reflected reduced customer activity due to lower commodity prices and the economic slowdown related to the COVID-19 pandemic. We have taken decisive steps to bring our cost structure...

BIO-key Reports Q2 Results and a Post-Recapitalization Cash Position of Approximately $18M – Investor Webcast Today at 10am ET

Written by Customer Service on August 14, 2020. Posted in Earnings Releases And Operating Results.

WALL, N.J., Aug. 14, 2020 (GLOBE NEWSWIRE) — BIO-key International, Inc. (Nasdaq: BKYI), an innovative provider of biometric and other multi-factor identity and access management (IAM) solutions for strong, convenient user authentication and large-scale identity applications, today reported results for its second quarter ended June 30, 2020 (Q2’20). BIO-key will host a conference call today at 10:00 a.m. ET (details below) to review its results and outlook.Recent Highlights:BIO-key expanded its multi-factor identity and access management solution suite with purchase of PortalGuard® developer PistolStar. PortalGuard is an enterprise multifactor authentication and single sign-on platform deployed and used by millions of users at hundreds of customers around the world. The $2.5M transaction closed on June 30.BIO-key’s Channel Alliance...

REPEAT – Inventory in Second Iteration of Beyond Tobacco™ Retail Market Testing Sells Out in Under 72 Hours

Written by Customer Service on August 14, 2020. Posted in Public Companies.

In July 2020, Taat undertook a test production run for Beyond Tobacco™ cigarettes with its manufacturing partner, which confirmed initial production estimations of one million sticks per day. An allocation of the batch of Beyond Tobacco™ cigarettes from this test production run was reserved for market research purposes, with the balance to be offered to select retail stores in Nevada that participated in the Company’s initial retail market testing in early May 2020. Less than 72 hours after the selected stores began selling Beyond Tobacco™ cigarettes, it was confirmed that their inventories had been sold out at price points aligned with the Company’s planned pricing strategy. Purchasers continued to provide positive feedback about Beyond Tobacco™ cigarettes, in addition to expressing enthusiasm about the planned Q4 2020 launch.LAS VEGAS...

Avenue Therapeutics Reports Second Quarter 2020 Financial Results and Recent Corporate Highlights

Written by Customer Service on August 14, 2020. Posted in Public Companies.

NEW YORK, Aug. 14, 2020 (GLOBE NEWSWIRE) — Avenue Therapeutics, Inc. (NASDAQ: ATXI) (“Avenue”), a company focused on the development of intravenous (“IV”) tramadol for the U.S. market, today reported financial results and recent corporate highlights for the second quarter ended June 30, 2020.“We were pleased to announce several publications pertaining to IV tramadol in peer-reviewed journals recently. These publications highlight the positive data and accomplishments from our Phase 3 program,” said Lucy Lu, M.D., Avenue’s President and CEO. “We look forward to an eventful second half of 2020 as we approach IV tramadol’s Prescription Drug User Fee Act (“PDUFA”) date of October 10, 2020.”Recent Corporate Highlights:In April 2020, Avenue announced that two e-posters highlighting efficacy and safety results from its Phase 3 program...

Day: August 14, 2020

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals