Day: November 4, 2020

VANCOUVER, British Columbia, Nov. 04, 2020 (GLOBE NEWSWIRE) — FanLogic Interactive Inc. (“FanLogic” or the “Corporation“) is pleased to provide the following corporate update:Ceased OperationsThe Corporation ceased to carry on business operations in the spring of 2019.Cease Trade Order / Trading SuspensionOn May 6, 2019, the Alberta Securities Commission (“ASC“) issued a cease trade order (the “Cease Trade Order“) with respect to trading in the Corporation’s securities due to the Corporation’s failure to file its annual audited financial statements, annual management’s discussion and analysis and certification of the annual filings for the year ended December 31, 2018. Subsequent to the Cease Trade Order, the Corporation did not file any further financial statements or other continuous disclosure...

Alpharetta, Nov. 04, 2020 (GLOBE NEWSWIRE) — ALPHARETTA, GA, November 4, 2020 — Schweitzer-Mauduit International, Inc. (“SWM” or the “Company”) (NYSE: SWM) reported earnings results for the three month and nine month periods ended September 30, 2020.Adjusted measures are reconciled to GAAP at the end of this release.  Financial and operating comparisons are versus the prior year period and are from continuing operations.  Figures may not sum to total due to rounding.  Definitions: Advanced Materials & Structures (AMS), Engineered Papers (EP), Low Ignition Propensity (LIP), “organic” – excluding acquisition benefit, “Tekra” – Tekra and Trient acquisition that closed in March 2020Third Quarter 2020 Financial Results SummaryThird quarter results reflected strong...

Details related to our financial guidance, including assumptions and economic impacts of COVID-19, are detailed in our prepared remarks document.Key Highlights – Q3 2020GAAP revenue of $367.0 million and non-GAAP revenue of $369.1 millionGAAP diluted earnings per share of $0.87 and non-GAAP diluted earnings per share of $1.36GAAP operating profit margin of 24.5% and non-GAAP operating profit margin of 39.8%Operating cash flows of $94.5 millionDeferred revenue and backlog of $879.9 million at September 30, 2020PITTSBURGH, Nov. 04, 2020 (GLOBE NEWSWIRE) — ANSYS, Inc. (NASDAQ: ANSS), today reported third quarter 2020 GAAP and non-GAAP revenue growth of 7% in reported currency, or 5% in constant currency, when compared to the third quarter of 2019. For the third quarter of 2020, the Company reported earnings per share of $0.87...

HOUSTON, Nov. 04, 2020 (GLOBE NEWSWIRE) — Harvest Oil & Gas Corp. (OTCQX: HRST) (“Harvest” or the “Company”) announced today the resignation of Ryan Stash from his position as Vice President and Chief Financial Officer of the Company, effective November 18, 2020. This resignation is for personal reasons and not the result of any disagreement with the Company or its Board of Directors or any matters relating the Company’s operations, policies or practices.About Harvest Oil & Gas Corp.Harvest has been an independent oil and gas company; the Company intends to evaluate and undertake the process of winding-up and returning capital to its shareholders.  More information about Harvest is available on the internet at https://www.hvstog.com.Contact Information:Harvest Oil & Gas Corp.Houston, TX 77002Mike Mercer, President...

FORT MYERS, Fla., Nov. 04, 2020 (GLOBE NEWSWIRE) — Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that John Kiernan, the Company’s President and Chief Executive Officer, will be presenting at the following virtual investor conferences in November:Stephens Annual Investment Conference on Wednesday, November 18, 2020. The Company will be participating in a fireside chat at 8:00 am ET and hosting virtual one-on-one meetings.Sidoti Microcap Conference on Thursday, November 19, 2020. The Company will be presenting at 10:00 am ET and hosting virtual one-on-one meetings.A live broadcast of the presentations will be available online in the Investor Relations section of the Company’s website at ir.alicoinc.com.About AlicoAlico, Inc. primarily operates two divisions: Alico Citrus, one of the nation’s largest citrus...

Enrollment completed in Phase 3 clinical trial of OTIVIDEX®in Ménière’s disease with results expected in the first quarter of 2021Positive results reported for Phase 1/2 clinical trial of OTO-313 in tinnitus patientsEnrollment completed in Phase 1/2 clinical trial of OTO-413 in hearing loss with results expected by end of yearPublic offering completed for total gross proceeds of $69.1 millionConference call and webcast today at 4:30 p.m. ETSAN DIEGO, Nov. 04, 2020 (GLOBE NEWSWIRE) — Otonomy, Inc. (Nasdaq: OTIC), a biopharmaceutical company dedicated to the development of innovative therapeutics for neurotology, today reported financial results for the quarter ended September 30, 2020 and provided an update on its product pipeline and corporate activities. The company will host a conference call and webcast today at 4:30 p.m. ET...

–Cost Savings Drive Sequential and Year-over-Year Gross Margin Improvement Amid Lower Sales––Launches Interwoven Brand to Drive Market Share Gains in Key Health End Market––$20 Million Annual Cost Savings Program on Track––15% Sequential Improvement in Order Rates––Resuming Share Repurchase Program–Announces Definitive Agreement to Acquire Poppin, Inc., Fast Growing, Digitally-Enabled Commercial Furniture CompanyJASPER, Ind., Nov. 04, 2020 (GLOBE NEWSWIRE) — Kimball International, Inc. (NASDAQ: KBAL) today announced results for the quarter ended September 30, 2020.Selected Financial Highlights:First Quarter FY 2021Net sales decreased 27% to $147.9 millionGross margin expanded by 50 basis points despite lower revenueOperating income margin of 4.3%, or 7.8% on an adjusted...

HARTSVILLE, S.C., Nov. 04, 2020 (GLOBE NEWSWIRE) — The Alloyd Division of Sonoco (NYSE: SON), one of the most sustainable diversified global packaging companies, today introduced its new, patent pending, roll-feed, cut and seal machine for medical packaging applications that use Tyvek. This innovative, integrated machine brings automation to the production environment, helping to create a faster, more efficient production system for sealing Tyvek-based packaging. It makes for a versatile addition to the existing line of Aergo 2 and Aergo 2 Plus heat sealing machines.“Any time you can increase speeds, seal quality and seal accuracy, while also reducing material scrap and tooling costs, it’s a win, win, win,” said Jim Lassiter, Sonoco segment vice president, Global Plastics. “Precision and performance are so critical in medical packaging...

TORONTO, Nov. 04, 2020 (GLOBE NEWSWIRE) — SMTC Corporation (Nasdaq:SMTX), a global electronics manufacturing services provider and winner of Frost & Sullivan’s 2019 Best Practices Award for Customer Value Leadership in the Electronics Manufacturing Services Industry, today announced its third quarter 2020 results.Business HighlightsThird quarter 2020 revenue of $99.5 million, up 10.1% vs. the prior quarter and 12.3% vs. the prior yearEPS was $0.04 and Adjusted EPS was $0.13, compared to $0.03 and $0.08 in the prior quarter, respectivelyNet Income was $1.2 million, EBITDA was $5.3 million, compared to $1.0 million and $5.8 million in the prior quarter, respectivelyAdjusted Net Income was $3.8 million, Adjusted EBITDA was $7.5 million, compared to $2.4 million and $6.4 million in the prior quarter, respectively$46 million of...

Accelerates Kimball International’s eBusiness Strategy Through the Addition of a Digitally Native BrandExpands the Company’s Addressable MarketEstablishes Both Corporate-Sponsored and Direct to Consumer Work-From-Home ProgramsBrings New Categories and New Products to Kimball International’s Verticals and ChannelsJASPER, Ind., Nov. 04, 2020 (GLOBE NEWSWIRE) — Kimball International, Inc. (NASDAQ: KBAL) announced today that it has entered into a definitive agreement to acquire Poppin, Inc., a tech-enabled, market-leading B2B commercial furniture design company. The purchase price is $110 million in initial cash consideration plus additional contingent payments based on revenue and profitability milestones achieved through June 30, 2024, with potential total cash consideration equal to $180 million if all milestones are achieved.  Headquartered...