Catalyst Pharmaceuticals Announces Third Quarter 2020 Financial Results and Provides Business Update

Written by Customer Service on November 9, 2020. Posted in Public Companies.

– Firdapse® Third Quarter Net Revenues of $29.2 Million– Company Ends Third Quarter with $127.1 Million in Cash and Investments– U.S. Patent Issued for Firdapse® and Expires April 7, 2034– Firdapse® Approved in Canada in the Third Quarter and Recently Launched– Company to Host Quarterly Conference Call at 8:30 am ET TomorrowCORAL GABLES, Fla., Nov. 09, 2020 (GLOBE NEWSWIRE) — Catalyst Pharmaceuticals, Inc. (Catalyst) (Nasdaq:CPRX), a commercial-stage biopharmaceutical company focused on developing and commercializing innovative therapies for people with rare debilitating, chronic neuromuscular and neurological diseases, today reported financial results for the third quarter ended September 30, 2020 and provided a business update.“I am pleased to report on a very productive third quarter and on our continued...

Marathon Gold Announces 2020 Third Quarter Results

Written by Customer Service on November 9, 2020. Posted in Earnings Releases And Operating Results.

TORONTO, Nov. 09, 2020 (GLOBE NEWSWIRE) — Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) today announces its financial results for the third quarter ending September 30, 2020 and provides an update on the Company’s activities at the Valentine Gold Project (the “Project”) in central Newfoundland.Third Quarter HighlightsOn September 29, 2020, filed the Environmental Impact Statement (“EIS”) for the Valentine Gold Project. Over an initial 30-day review period, the Impact Assessment Agency of Canada assessed the EIS for conformity with federal guidelines issued in July 2019 and, in early November, determined that the EIS is in conformance. As a result, the EIS has now been accepted into the formal federal and provincial technical review processes;Continued Marathon’s successful drill exploration program within the...

Diversified Royalty Corp. Announces Third Quarter Results and Agreement for Mr. Lube Royalty Rate Increase and Royalty Pool Additions

Written by Customer Service on November 9, 2020. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, Nov. 09, 2020 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV and DIV.DB) (the “Corporation” or “DIV”) is pleased to announce its financial results for the three months ended September 30, 2020 (“Q3 2020”) and nine months ended September 30, 2020.HighlightsRevenue of $8.0 million and adjusted revenue of $9.2 million for Q3 2020.Distributable cash of $6.3 million and payout ratio of 96.0% for Q3 2020.Effective May 1, 2021, the Mr. Lube royalty rate will increase from 7.45% to 7.95% on non-tire sales and 13 locations will be added to the Mr. Lube royalty pool – resulting in an estimated accretion of over 1 cent to distributable cash per share, which is expected to further improve DIV’s payout ratio.Third Quarter ResultsIn Q3 2020, DIV generated $8.0 million of revenue compared to $8.1 million in...

Westport Fuel Systems Reports Third Quarter 2020 Financial Results

Written by Customer Service on November 9, 2020. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, Nov. 09, 2020 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems” or “the Company“) (TSX:WPRT / Nasdaq:WPRT) reported financial results for the third quarter ended September 30, 2020 and provided an update on operations. All figures are in millions of U.S. dollars unless otherwise stated.Key ResultsConsolidated revenues for the quarter ended September 30, 2020 decreased by $10.0 million to $65.4 million, or 13% relative to the same period last year. Although sales decreased as a result of the impact of the COVID-19 pandemic and related plant closures during the second quarter, sales rebounded in the third quarter (Q-o-Q increase 82%) over second quarter 2020 due to the recovery in customer demand for Independent Aftermarket sales and growth in HPDI 2.0 sales volumes.Net...

Extended Stay America Announces Third Quarter 2020 Results

Written by Customer Service on November 9, 2020. Posted in Earnings Releases And Operating Results.

– Net income of $31.5 million– Adjusted EBITDA1of $112.7 million– Comparable system-wide RevPAR decrease of 14.7%– Hotel Operating Margin1of 47.3%CHARLOTTE, N.C., Nov. 09, 2020 (GLOBE NEWSWIRE) — Extended Stay America, Inc. and ESH Hospitality, Inc. (NASDAQ:STAY) (together, the “Company”) today announced consolidated results for the three and nine months ended September 30, 2020. Third Quarter 2020 HighlightsNet income of $31.5 millionTotal revenues of $285.9 millionComparable system–wide Revenue Per Available Room (“RevPAR”) declined 14.7% to $46.75Comparable system-wide occupancy of 79.8%Adjusted EBITDA of $112.7 millionAdjusted Funds From Operations (“Adjusted FFO”)1of $0.40 per diluted Paired ShareAdjusted Paired Share Income1of $0.19 per diluted Paired ShareComparable system-wide RevPAR index...

Afya Limited Announces Closing of the Acquisition of FCMPB – Faculdade Ciências Médicas da Paraíba

Written by Customer Service on November 9, 2020. Posted in Mergers And Acquisitions.

NOVA LIMA, Brazil, Nov. 09, 2020 (GLOBE NEWSWIRE) — Afya Limited, or Afya (Nasdaq: AFYA) in addition to the Press Release released by the Company on August 20,2020, today announced the closing of its acquisition, through its wholly-owned subsidiary Afya Participações S.A., of 100% of the total share capital of FCMPB.The enterprise value was R$380 million and the net debt was estimated in R$ 87 thousand. The net purchase price was paid (i) 50% in cash on the transaction closing date, and (ii) 50% is payable in cash in four equal installments through 2024, adjusted by the CDI rate.FCMPB is a post-secondary education institution with government authorization to offer on-campus, undergraduate courses in medicine in the State of Paraíba and medical course represents 99% of its 2019’s Net Revenue. The projected Net Revenue for FCMPB in...

Brunswick Corporation continues to set new records at the 2020 Ft. Lauderdale Boat Show

Written by Customer Service on November 9, 2020. Posted in Public Companies.

METTAWA, Ill., Nov. 09, 2020 (GLOBE NEWSWIRE) — Brunswick Corporation (NYSE: BC) and its industry leading brands, Mercury Marine, Boston Whaler, Sea Ray and Freedom Boat Club, all had a very successful 2020 Ft. Lauderdale International Boat Show.For the third consecutive year, Mercury Marine had the most outboard engines of any manufacturer at the show and increased its show market share for the fourth consecutive year, accounting for more than half of the total engines displayed at the 2020 show.Despite the significantly reduced show attendance, Boston Whaler reported increased year-over-year show sales on many of its leading models. In addition, Sea Ray had a great show with many models selling at or above prior year results. Sea Ray also announced the all-new 370 Sundancer which will officially launch in February 2021 and features...

LIZHI INC. Reports Third Quarter 2020 Unaudited Financial Results

Written by Customer Service on November 9, 2020. Posted in Public Companies.

GUANGZHOU, China, Nov. 09, 2020 (GLOBE NEWSWIRE) — LIZHI INC. (“LIZHI” or the “Company” or “We”) (NASDAQ: LIZI), a leading online UGC1 audio community and interactive audio entertainment platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2020.Third Quarter 2020 Financial and Operational HighlightsNet revenues were RMB361.5 million (US$53.2 million) in the third quarter of 2020, representing a 10% increase from RMB328.7 million in the third quarter of 2019, and compared to RMB350.9 million in the previous quarter.Average total mobile MAUs2 in the third quarter of 2020 reached 56.2 million, representing an increase of 21% from 46.6 million in the third quarter of 2019, and compared to 55.9 million in the previous quarter.Average total monthly paying users3 in the third quarter...

Battalion Oil Corporation Announces Third Quarter 2020 Results

Written by Customer Service on November 9, 2020. Posted in Public Companies.

HOUSTON, Nov. 09, 2020 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSEA: BATL, “Battalion” or the “Company”) today announced its third quarter 2020 results.Third Quarter ResultsAverage daily net production for the quarter ended September 30, 2020 was 17,076 Boe per day, of which oil represented 56%. Total revenue for the third quarter was $39.8 million, of which 84% related to crude oil. Realized gains on derivative settlements totaled $5.3 million for the third quarter.Richard Little, the Company’s CEO, commented, “It’s hard to imagine that Q3 is a reflection of a return to ‘normal,’ however as prices recovered from lows in April, I’m pleased Battalion has had a chance to get back to optimizing production of hydrocarbons. With production back online, I’m proud of our team for demonstrating that we can continue to lower costs...

Lennar Corporation Purchases an Additional 66 Lots at Soundview Estates from Harbor Custom Development, Inc.

Written by Customer Service on November 9, 2020. Posted in Public Companies.

Gig Harbor, Washington , Nov. 09, 2020 (GLOBE NEWSWIRE) — Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has closed on the Phase 3 sale of 66 residential lots at Soundview Estates in Bremerton, Washington to Lennar Northwest, Inc. , a subsidiary of the Lennar Corporation, for $7,788,000.Harbor has now announced the completion of infrastructure improvements on a total of 152 lots at Soundview Estates, of which 127 have been purchased by Lennar for single family home construction. Lennar had previously closed on Phase 1 and 2 together totaling 61 lots from Harbor in December of 2019.Soundview Estates is a 240-lot subdivision offering spectacular views...

Day: November 9, 2020

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