Select Bancorp Reports Third Quarter 2020 Earnings

Written by Customer Service on October 29, 2020. Posted in Public Companies.

DUNN, N.C., Oct. 29, 2020 (GLOBE NEWSWIRE) — Select Bancorp, Inc. (NASDAQ: SLCT) (the “Company”), the holding company for Select Bank & Trust Company, today reported net income for the quarter ended September 30, 2020 of $2.5 million with basic and diluted earnings per share of $0.14, compared to net income of $3.2 million with basic and diluted earnings per share of $0.17 for the comparative quarter ended September 30, 2019. The decrease in net income in the third quarter of 2020 compared to the third quarter of 2019 was primarily attributable to a provision for loan losses of $1.6 million compared to a provision for loan losses of $231,000 for the same period in 2019. The increase in the provision for loan losses was primarily due to a specific reserve, loan growth and factors associated with the economic impact of the COVID-19...

Bellicum Announces $25.0 Million Underwritten Offering Priced At-The-Market

Written by Customer Service on October 29, 2020. Posted in Public Companies.

HOUSTON, Oct. 29, 2020 (GLOBE NEWSWIRE) — Bellicum Pharmaceuticals, Inc. (Nasdaq:BLCM), a leader in developing novel, controllable cellular immunotherapies for cancers, today announced the pricing of an underwritten offering priced at-the-market under Nasdaq rules of 4,149,378 shares of its common stock (or pre-funded warrants to purchase common stock in lieu thereof) and accompanying warrants to purchase up to 4,149,378 shares of common stock. Each share of common stock (or pre-funded warrant in lieu thereof) is being sold together with one warrant to purchase one share of common stock at a combined effective price of $6.025. The offering is expected to involve a limited number of healthcare-dedicated institutional investors, including significant participation from two of Bellicum’s existing healthcare-dedicated institutional...

Bellicum Announces Interim BPX-601 Data and Corporate Restructuring

Written by Customer Service on October 29, 2020. Posted in Public Companies.

HOUSTON, Oct. 29, 2020 (GLOBE NEWSWIRE) — Bellicum Pharmaceuticals, Inc. (NASDAQ:BLCM), a leader in developing novel, controllable cellular immunotherapies for cancers, today announced interim data from its BPX-601 dose-escalation clinical trial in patients with relapsed/refractory metastatic pancreatic cancer. Findings from the first four patients treated with BPX-601 followed by repeat rimiducid dosing showed evidence of rimiducid-mediated CAR-T cell activation. Clinically meaningful efficacy as measured by RECIST criteria was not observed.After an extensive review of its organization and programs, the company has implemented a restructuring plan, including a reduction in staff, to focus its efforts on its clinical GoCAR-T® product candidates. For BPX-601, the first candidate incorporating iMC, the company expects to begin enrolling...

OceanFirst Financial Corp. Announces Third Quarter Financial Results

Written by Customer Service on October 29, 2020. Posted in Public Companies.

RED BANK, N.J., Oct. 29, 2020 (GLOBE NEWSWIRE) — OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today announced a net loss available to common stockholders of $6.0 million, or $(0.10) per diluted share, for the three months ended September 30, 2020 as compared to net income available to common stockholders of $25.0 million, or $0.49 per diluted share, for the corresponding prior year period. For the nine months ended September 30, 2020, the Company reported net income available to common stockholders of $29.2 million, or $0.49 per diluted share, as compared to $65.1 million, or $1.28 per diluted share, for the corresponding prior year period. The quarter and year to date results were impacted by the COVID-19 pandemic, through both higher credit losses and increased...

Koss Corp. Releases First Quarter Results

Written by Customer Service on October 29, 2020. Posted in Public Companies.

MILWAUKEE, Oct. 29, 2020 (GLOBE NEWSWIRE) — Koss Corporation (NASDAQ SYMBOL: KOSS), the U.S. based high-fidelity headphone company, has reported its first quarter results for the quarter ended September 30, 2020.Sales for the first quarter were $5,208,295, which is a 3.7% decrease from sales of $5,410,762 for the same three month period one year ago. The three month net income was $126,928, compared to a net loss of $310,749 for the first quarter last year. Diluted and basic income per common share for the quarter was $0.02 compared to a loss per common share of $0.04 for the same three month period one year ago.“The decline in net sales for the quarter was due to a decline in certain mass retailers in the U.S.,” Michael J. Koss, Chairman and CEO, said today. “We experienced an increase in online direct-to-consumer...

Oil States Announces Third Quarter 2020 Results of Operations

Written by Customer Service on October 29, 2020. Posted in Public Companies.

HOUSTON, Oct. 29, 2020 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) reported a net loss of $20.0 million, or $0.33 per share, for the third quarter of 2020, on revenues of $134.8 million. Consolidated EBITDA (Note A) was $0.1 million. The reported third quarter 2020 net loss included the following more significant charges and gains:Non-cash write-down of inventory totaling $5.9 million ($4.7 million after-tax, or $0.08 per share)Non-cash gains on extinguishment of convertible senior notes of $5.9 million ($4.7 million after-tax, or $0.08 per share)Third quarter 2020 highlights and corporate actions included:Generated $87.0 million in cash flow from operationsReduced net debt (defined as total debt less cash) by $91.9 million, including the repayment of $52.0 million of revolver borrowings and the purchase of $17.2 million...

Century Next Financial Corporation Reports 3rd Quarter 2020 Results

Written by Customer Service on October 29, 2020. Posted in Public Companies.

RUSTON, La., Oct. 29, 2020 (GLOBE NEWSWIRE) — Century Next Financial Corporation (OTCQX: CTUY), the holding company of Century Next Bank, with $505.6 million in assets, today announced financial results for the 3rd quarter ended September 30, 2020.Financial PerformanceFor the three months ended September 30, 2020, Century Next Financial Corporation (the “Company”) had net income after tax of $1.19 million compared to net income of $1.83 million for the three months ended September 30, 2019, a decrease of $648,000 or 35.4%. Earnings per share (EPS) for the three months ended September 30, 2020 were $0.72 per basic and $0.71 per diluted share compared to $1.13 per basic and $1.11 per diluted share reported for the three months ended September 30, 2019.For the nine months ended September 30, 2020, Century Next Financial Corporation...

Eldorado Gold Reports Q3 2020 Financial and Operational Results

Written by Customer Service on October 29, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, Oct. 29, 2020 (GLOBE NEWSWIRE) — Eldorado Gold Corporation (“Eldorado” or “the Company”) today reports the Company’s financial and operational results for the third quarter of 2020.Steady quarterly production and 2020 annual guidance maintained: Gold production totalled 136,922 ounces in Q3 2020, an increase of 35% from production of 101,596 ounces in Q3 2019. The Company is maintaining its 2020 annual guidance of 520,000-550,000 ounces of gold at an all-in sustaining cost of $850-950 per ounce sold. Increased cash from operations and free cash flow: Net cash generated from operating activities of $165.4 million in Q3 2020 increased significantly from $51.2 million in Q3 2019 primarily as a result of higher sales volumes, a higher average realized gold price, and the timing of certain payments. Free...

Fairfax Africa Holdings Corporation: Third Quarter Financial Results

Written by Customer Service on October 29, 2020. Posted in Public Companies.

TORONTO, Oct. 29, 2020 (GLOBE NEWSWIRE) —NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES(Note: All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are prepared using the recognition and measurement requirements of International Financial Reporting Standards, except as otherwise noted, and are unaudited.)Fairfax Africa Holdings Corporation (TSX: FAH.U) announces a net loss of $49.5 million in the third quarter of 2020 ($0.84 net loss per diluted share), compared to a net loss of $32.3 million in the third quarter of 2019 ($0.54 net loss per diluted share), reflecting increased net unrealized losses on investments, and increased general and administration expenses, partially offset by net foreign exchange gains.Update on Strategic...

Gran Tierra Announces Release Date for its 2020 Third Quarter Results, Conference Call and Webcast Details

Written by Customer Service on October 29, 2020. Posted in Public Companies.

CALGARY, Alberta, Oct. 29, 2020 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE), announces that the Company will release its 2020 third quarter financial and operating results on Monday, November 2, 2020, after market close. A conference call to discuss the 2020 third quarter results will be held at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time) the following day, Tuesday November 3, 2020. Details of the conference call are as follows:Interested parties may also access the live webcast on the investor relations page of Gran Tierra’s website at www.grantierra.com. An archive of the webcast will be available on Gran Tierra’s website until November 10, 2020. In addition, an audio replay of the conference call will be available following the call until November 10, 2020. To access...

Day: October 29, 2020

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