Day: November 4, 2020

PHX Energy Announces Its Operating and Financial Results for the Third Quarter of 2020

CALGARY, Alberta, Nov. 04, 2020 (GLOBE NEWSWIRE) —Financial ResultsIn the third quarter of 2020, despite the ongoing challenges presented by the COVID-19 pandemic, the Corporation continued to achieve positive adjusted EBITDA.  For the three-month period ended September 30, 2020, PHX Energy realized adjusted EBITDA of $7.5 million (19 percent of revenue) as compared to $15.5 million (17 percent of revenue) in the third quarter of 2019. Adjusted EBITDA in the 2020-quarter includes a $1.6 million recovery of bad debts and $1.3 million in government grants earned as part of the Canada Emergency Wage Subsidy (“CEWS”) program. 

Continue reading

Hanwei Energy Services Reports Second Quarter Fiscal 2021 Financial and Operational Results

VANCOUVER, British Columbia, Nov. 04, 2020 (GLOBE NEWSWIRE) — Hanwei Energy Services Corp. (TSX: HE) (“Hanwei” or the “Company”), today reported its financial results for the six months ended September 30, 2020. All amounts are in Canadian Dollars unless otherwise noted.Update on COVID-19 ImpactGlobal commodity prices have declined significantly due to a collapse in demand attributed to COVID-19 in combination with an oversupply of oil due to disputes between major oil producing countries. The commodity price environment remains volatile due to COVID-19. The COVID-19 situation is dynamic and the ultimate duration and magnitude of the impact on the economy and the financial effect on the Company is not known at this time.Financial and Operating UpdateThe Company has two reportable segments for its continuing operations: FRP pipe...

Continue reading

Viemed Healthcare Announces Third Quarter 2020 Financial Results

LAFAYETTE, La., Nov. 04, 2020 (GLOBE NEWSWIRE) — Viemed Healthcare, Inc. (the “Company” or “Viemed”) (TSX: VMD.TO and NASDAQ:VMD), a home medical equipment supplier that provides post-acute respiratory care services in the United States, announced today that it has reported its financial results for the three and nine months ended September 30, 2020.Operational highlights (all dollar amounts are USD):The Company’s core business has once again contributed to a significant growth rate. Net revenues attributable to the Company’s core business for the quarter ended September 30, 2020 were $24.9 million, an increase of 22% over net revenues reported for the comparable quarter ended September 30, 2019.  Net revenues attributable to the core business for the quarter ended September 30, 2020 were up approximately 8% over the...

Continue reading

Stingray Reports Second Quarter 2021 Results

Second Quarter HighlightsRevenues decreased 16.0% to $64.3 million from $76.6 million, primarily due to the impact of the COVID-19 pandemic on Radio revenuesBroadcasting and Commercial Music revenues increased 1.1% and Radio revenues decreased 33.6%Organic growth of 5.0% in Broadcast and Recurring Commercial Music revenues(1), 3.7% excluding the impact of foreign exchange, and organic growth of 11.7% in the United StatesOperating expenses decreased by 30.6% to $34.7 million from $50.0 millionAdjusted EBITDA(2)increased 12.6% to $31.2 million from $27.7 millionCash flow from operating activities increased 34.1% to $25.4 million compared to $19.0 millionAdjusted free cash flow(3)increased 21.9% to $22.9 million, or $0.31 per share, compared to $18.8 million or $0.25 per shareNet debt to Pro Forma Adjusted EBITDA(3)ratio of 2.77x480,000...

Continue reading

Stingray dévoile ses résultats pour le deuxième trimestre de 2021

Faits saillants du deuxième trimestreLes produits ont diminué de 16,0 % pour atteindre 64,3 millions de dollars, comparativement à 76,6 millions de dollars, ce qui s’explique avant tout par l’incidence de la pandémie de COVID-19 sur les produits du secteur Radio.Les produits du secteur Diffusion et musique pour entreprises ont augmenté de 1,1 % et les produits du secteur Radio ont diminué de 33,6 %.Les produits du secteur Diffusion et les produits récurrents du secteur Musique pour entreprises1)ont enregistré une croissance interne de 5,0 %, 3,7% sans l’impact de change et une croissance interne de 11,7 % aux États-UnisLes charges d’exploitation ont diminué de 30,6 %, passant de 50,0 millions de dollars à 34,7 millions de dollars.Le BAIIA ajusté2)a augmenté de 12,6 % pour s’établir à 31,2 millions de dollars, comparativement à 27,7 millions...

Continue reading

10x Genomics to Participate in the Stifel 2020 Healthcare Conference

PLEASANTON, Calif., Nov. 04, 2020 (GLOBE NEWSWIRE) — 10x Genomics (Nasdaq: TXG) today announced the company will be participating in the upcoming Stifel Virtual Healthcare Conference.10x Genomics’ management is scheduled to present on Monday, November 16 at 11:40 a.m. Pacific Time / 2:40 p.m. Eastern Time. Interested parties may access a live and archived webcast of the presentation on the “Investors” section of the company website at: investors.10xgenomics.comAbout 10x Genomics10x Genomics is a life science technology company building products to interrogate, understand and master biology to advance human health. The company’s integrated solutions include instruments, consumables and software for analyzing biological systems at a resolution and scale that matches the complexity of biology. 10x Genomics products have been adopted...

Continue reading

Stingray Renews and Expands Distribution Agreement with TELUS

Long-Term Agreement Covers Multi-Product Offering Including the Qello Concerts by Stingray TV App for Optik TV SubscribersMONTREAL, Nov. 04, 2020 (GLOBE NEWSWIRE) — Stingray Group Inc. (TSX: RAY.A; RAY.B), a leading music, media, and technology company, today announced that it has reached a long-term agreement with TELUS that continues to advance the companies’ long-standing partnership. As part of the deal, Optik TV subscribers will soon have access to the new TV app Qello Concerts by Stingray, enabling them to experience full-length concerts and music documentaries from the comfort of home. Qello Concerts by Stingray will be available to Optik TV subscribers for a monthly subscription fee of $8.00.   Additionally, Optik TV subscribers will continue to access, free of charge, their favorite audio music channels through the Stingray...

Continue reading

Stingray renouvelle et élargit son entente de distribution avec TELUS

L’offre à long terme couvre un éventail de produits, dont l’appli télé Qello Concerts by Stingray, qui sera désormais offerte aux abonnés de la Télé OptikMONTRÉAL, 04 nov. 2020 (GLOBE NEWSWIRE) — Le Groupe Stingray Inc. (TSX : RAY.A; RAY.B), un chef de file de la musique, des médias et de la technologie, a annoncé aujourd’hui la conclusion d’une entente à long terme avec TELUS qui cimente le partenariat de longue date entre les deux sociétés. En vertu de cet accord, les abonnés de la Télé Optik pourront bientôt profiter de concerts pleine longueur et de documentaires musicaux depuis le confort de leur foyer grâce à la nouvelle appli télé Qello Concerts by Stingray, offerte en contrepartie d’un abonnement mensuel de 8,00 $.Les abonnés de la Télé Optik pourront également continuer de profiter, sans aucuns frais, de l’appli télé Stingray...

Continue reading

Athabasca Oil Corporation Announces Q3 2020 Results

CALGARY, Alberta, Nov. 04, 2020 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) reported its operating and consolidated financial results for the three months ending September 30, 2020.The third quarter demonstrated the significance of Athabasca’s swift response to the COVID-19 pandemic. The Company has focused on maximizing corporate funds flow and maintaining corporate liquidity. Its Leismer asset underpinned a low corporate decline rate with significant cash flow generation. The recent improvement in commodity prices allowed the Company to successfully restart its Hangingstone asset and also implement price protection through hedges over the winter season. The Light Oil division generated strong margins and has helped insulate the Company during these periods of pricing volatility.Q3 Operating...

Continue reading

Trisura Group Reports Third Quarter 2020 Results

TORONTO, Nov. 04, 2020 (GLOBE NEWSWIRE) — Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU), a leading international specialty insurance provider, today announced financial results for the third quarter of 2020.David Clare, President and CEO of Trisura, stated, “In the third quarter Trisura generated net income of $6.5 million – over 150% greater than Q3 2019 – driven by strong results in Canada, continued profitability in the U.S., and investment gains.In Canada, disciplined underwriting and consistent investment returns generated an industry-leading 20% return on equity. Our U.S. business maintained its trajectory of growth, binding a new record of $171.0 million of quarterly gross premiums and generating $3.7 million in net income. Stronger asset liability matching in our Reinsurance operations also supported...

Continue reading