Month: August 2020

MALVERN, Pa., Aug. 04, 2020 (GLOBE NEWSWIRE) — Vishay Precision Group, Inc. (NYSE: VPG), a leading producer of precision sensors and sensor-based systems, today announced its results for its fiscal 2020 second quarter ended June 27, 2020.Second Quarter Highlights:Revenues of $59.1 million declined 16.5% from a year ago. Gross profit margin was 39.1% as compared to 40.4% reported a year ago.Adjusted gross profit margin* was 40.1% as compared to 40.4% reported a year ago.Operating margin was 6.7% as compared to 11.4% reported a year ago.Adjusted operating margin* was 8.4%, as compared to 12.3% reported a year ago.Diluted earnings per share of $0.13 as compared to $0.41 reported a year ago.Adjusted diluted earnings per share* of $0.19, as compared to $0.45 reported a year ago.Cash from operating activities was $10.4 million with adjusted...

ST. JOHN’S, Newfoundland and Labrador, Aug. 04, 2020 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, is pleased to announce that Cathy Bennett, has joined the Company’s Board of Directors.Ms. Bennett brings more than 25 years of experience as an entrepreneur, business executive, and corporate director across private, public and non-profit entities. Her experience crosses multiple sectors including the government, energy, manufacturing, mining, restaurants, telecom, and technology sectors. Ms. Bennett was a Member of the House of Assembly of Newfoundland and Labrador from 2014 to 2018 as well as Minister of Finance and the Status of Women. A seasoned corporate director, Ms. Bennett holds an ICD.D designation from the Institute of Corporate Directors and currently sits on the Boards of Business...

SAN FRANCISCO, Aug. 04, 2020 (GLOBE NEWSWIRE) — Beamz Interactive, Inc. (OTCMKTS: BZIC), a leading developer of state-of-the-art interactive AI music technology and products, announced a major update to its Beamz iOS App today. The new FREE BEAMZ IOS APP now includes a sampling of interactive music and learning lessons that promote creativity, free expression, education, early learning, and special needs benefits. In total, there are 24 fun interactive songs and lessons that enable individuals of all ages, skill levels, and abilities to have fun composing & performing extraordinary interactive music while also receiving a wide variety of learning and therapeutic benefits. The App specifically targets preschool and elementary school age children (including those being home schooled) as well as anyone, at any age, that enjoys...

SCOTTSDALE, Ariz., Aug. 04, 2020 (GLOBE NEWSWIRE) — Electromedical Technologies, Inc. (OTC: ELCQ) (the “Company”), a pioneer in the development and manufacturing of bioelectronic devices, including the FDA cleared WellnessPro®, designed to relieve chronic, intractable and acute pains by using frequencies and electro-modulation, is pleased to announce that its Director of Technology, Mr. Petar Gajic, will establish a research and development office in Belgrade, Europe for the creation of new products and technologies.Matthew Wolfson, CEO of ELCQ, commented, “Petar Gajic is currently in Belgrade, Serbia right in the middle of Europe (Nikola Tesla’s birth-place), a perfect place for engineering talents. He is establishing our first European office for the development of our “POD” device along with other exciting technologies. Mr. Gajic...

MADISON, Wis., Aug. 04, 2020 (GLOBE NEWSWIRE) — The 36th annual Distance Teaching & Learning (DT&L) conference can not only go on this week thanks to a complete virtual event solution from Mediasite Events, it can actually triple its virtual registration and cut conference costs in half. © 2020 Sonic Foundry, Inc. Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their respective owners.Media Contact: Nicole Wise, Director of Communications Sonic Foundry 920.226.0269 nicolew@sonicfoundry.com

Net Income of $0.14 Per Diluted ShareNormalized FFO of $0.29 Per Diluted ShareCompany Issues Updated 2020 Full-Year Normalized FFO Guidance of $1.09 to $1.13 Per Diluted ShareBoard of Directors Declared Cash Dividend of $0.11 Per Common ShareVIRGINIA BEACH, Va., Aug. 04, 2020 (GLOBE NEWSWIRE) — Armada Hoffler Properties, Inc. (NYSE: AHH) today announced its results for the quarter ended June 30, 2020 and provided an update on current events and the impact of COVID-19.Second Quarter and Recent Highlights:Net income attributable to common stockholders and OP Unit holders of $11.2 million, or $0.14 per diluted share, compared to $6.0 million, or $0.08 per diluted share, for the three months ended June 30, 2019.Funds from operations attributable to common stockholders and OP Unit holders (“FFO”) of $22.0 million, or $0.28...

Total Revenue Increased 34% in Second Quarter 2020 Compared to Second Quarter 2019 Despite COVID-19 HeadwindsMultiple Upcoming Milestones Regarding VASCEPA® Opportunity in United States and InternationallyManagement to Host Conference Call Today at 7:30 a.m. ETDUBLIN, Ireland and BRIDGEWATER, N.J., Aug. 04, 2020 (GLOBE NEWSWIRE) — Amarin Corporation plc (NASDAQ:AMRN), today announced financial results for the three and six months ended June 30, 2020, and provided an update on company operations.Maintaining favorable revenue progress amid COVID-19 challenges: Reported $135.3 million in net total revenue in Q2 2020, an increase of 34% over Q2 2019, resulting in H1 2020 net total revenue of $290.3 million, an increase of 67% over H1 2019.Progressing VASCEPA® development in Europe towards expected approval in early 2021: Continued to...

VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) — Medallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”) is pleased to announce it has entered into a services agreement with Singapore-based Talaxis Limited (“Talaxis”), a subsidiary of global trading house Noble Group Holdings Limited. The non-binding Memorandum of Understanding (“MOU”) specifies the terms for a close working relationship whereby Talaxis delivers to Medallion support for the global sourcing and transport of monazite, along with marketing of finished products from Medallion’s proposed rare-earth element (“REE”) extraction plant. Medallion and Talaxis anticipate a definitive agreement will be executed before the calendar year-end.Importantly, Talaxis is a founding partner in Medallion’s recently announced technical...

Article Interviews CEO for Insight Into the Company’s Vision and Future PlansCAMPBELL, CA, Aug. 04, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Friendable, Inc. (OTC: FDBL) is proud to announce an article written by Muzique Magazine, featuring Fan Pass and its recent launch event. The article uncovers the state of the live venue industry, what it has meant to artists and their fans, as well as the solutions being introduced by Fan Pass.“It’s an honor to be featured in the Muzique Magazine publication, as it is a testament to our continued dedication in bringing industry awareness to the Fan Pass brand and our mobile/desktop platforms. This launch on July 24, 2020 was simply our unveiling and there is much more to come; stay tuned for additional information and detail as we prepare for phase II of our roll out. It’s more than...

Reduced Operating Expenses by 30% from the Prior-year PeriodStrong Cash Flow Generation in the First Half of 2020 Despite Unprecedented Market Challenges Total Liquidity of $369 Million at Quarter EndNORTHVILLE, Mich., Aug. 04, 2020 (GLOBE NEWSWIRE) — Gentherm (NASDAQ:THRM), the global market leader of innovative thermal management technologies, today announced its financial results for the second quarter ended June 30, 2020.Second Quarter HighlightsProduct revenues of $136.1 million decreased 44.1% from $243.3 million in the 2019 second quarterExcluding the impact of foreign currency translation and divested assets, product revenues decreased 42.3% year over yearGAAP diluted loss per share was $0.32 compared to diluted earnings per share of $0.08 for the prior-year periodAdjusted loss per share (see table herein) was $0.30. Adjusted...