Day: November 12, 2020
BURLINGAME, Calif., Nov. 12, 2020 (GLOBE NEWSWIRE) — ALX Oncology Holdings Inc., (“ALX Oncology”) (Nasdaq: ALXO) a clinical-stage immuno-oncology company developing therapies that block the CD47 checkpoint pathway, today reported financial results for the third quarter ended September 30, 2020, and clinical development and operational highlights.“We are very pleased to report that during the third quarter we continued to make substantial progress in advancing our next generation anti-CD47 therapeutic, ALX148, in clinical trials in advanced gastric/gastroesophageal junction cancer and head and neck squamous cell cancers, as well as securing a clinical trial collaboration with Merck to study the combination of ALX148 with KEYTRUDA® in the setting of first line, metastatic or unresectable, recurrent head and neck squamous cell cancer,”...
Retrophin Completes Acquisition of Orphan Technologies
Written by Customer Service on . Posted in Mergers And Acquisitions.
SAN DIEGO, Nov. 12, 2020 (GLOBE NEWSWIRE) — Retrophin, Inc. (NASDAQ: RTRX) today announced the completion of its previously announced acquisition of Orphan Technologies Limited, a privately held, clinical-stage biopharmaceutical company focused on the development of product candidate OT-58 for the treatment of classical homocystinuria (HCU). OT-58 is a novel investigational human enzyme replacement therapy being evaluated in Phase 1/2 development for the treatment of classical HCU, a rare metabolic disorder characterized by elevated levels of plasma homocysteine that can lead to life-threatening thrombotic events such as stroke and heart attacks, ophthalmologic and skeletal complications, as well as developmental delay.“We are excited to begin working with the HCU community to develop a deeper understanding of how we can continue...
NexTech AR Solutions Reports Record Third Quarter 2020 Results
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
VANCOUVER, British Columbia, Nov. 12, 2020 (GLOBE NEWSWIRE) — NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality (AR) for eCommerce, AR learning applications, and AR-enhanced video conferencing and virtual experiences, reported record results for its third quarter ended September 30, 2020. All figures are prepared in accordance with International Financial Reporting Standards (IFRS) unless otherwise indicated.Q3 2020 Financial highlights:Total Bookings $6.7 million +327% growth over Q3 2019Record revenue grows 200% to $4.7 millionRecord backlog of $2 millionGross Profit grows 344% to $3.0 million with a 63% marginWorking Capital of $13.6 millionFull report has been filed and is available on SEDAR Live Q3 earnings call will be after the close today at 4:30pmBridge Name: NexTech...
CloudCommerce’s SWARM Solution Delivers Measurable Results for Charter School
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SAN ANTONIO, Nov. 12, 2020 (GLOBE NEWSWIRE) — CloudCommerce, Inc. (CLWD), a leading provider of digital advertising solutions, today announced the successful results of its work with one of the nation’s leading charter schools.The school hired CLWD with the #1 goal of increasing positive community awareness of its unique approach to education when compared to other options within the state. Leveraging its flagship SWARM solution CLWD used timely targeted digital messaging focused on the custom audience segments or “personas” identified using artificial intelligence and behavioral science now embedded SWARM.The results highlights, which greatly exceeded the Client’s expectations include:The school’s website traffic and engaged users skyrocketed by 133% when compared to last yearThe school saw a 46% lift in positive stories about its...
Urbanfund Corp. Announces Closing of the Acquisition of a 20% Interest in a 110 Unit Residential Portfolio Located in Dartmouth, Nova Scotia
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TORONTO, Nov. 12, 2020 (GLOBE NEWSWIRE) — Mitchell Cohen, President and Chief Executive Officer of Urbanfund Corp. (TSX Venture: “UFC”) (“Urbanfund” or, the “Company”), announced today that the Company, along with Westdale Construction Limited (“Westdale”), has completed the previously-announced acquisition of the 110 unit The Manors Luxury Apartment portfolio located in Dartmouth, Nova Scotia. An incorporated subsidiary, West Mic Mac Properties Inc. (the “Purchaser”), will purchase the portfolio with the Company being a 20% shareholder and Westdale holding the remaining 80% interest.“Urbanfund is very excited to be part of this opportunity to purchase an interest in this 2-building luxury portfolio,” stated Mitchell Cohen. “This spectacular property on over 4 acres of treed-lands will be a worthy addition to our mixed-use asset...
OSS Reports Q3 2020 Revenue up 12% to $13.0 Million Sequentially, Driving Net Income to $858,000 or $0.05 per Share
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ESCONDIDO, Calif., Nov. 12, 2020 (GLOBE NEWSWIRE) — One Stop Systems, Inc. (Nasdaq: OSS), a leader in specialized high-performance edge computing, reported results for the third quarter and nine months ended September 30, 2020. All quarterly and first nine-month comparisons are to the same year-ago period unless otherwise noted.Q3 2020 Financial HighlightsRevenue totaled $13.0 million, up 12% sequentially from Q2 2020, and was lower by 13% versus the same year-ago quarter due to COVID-19-related issues.Gross profit margin improved to 37.8% from 28.6% in Q2 2020 and 33.7% in Q3 2019.Operating expenses decreased 15% from the year-ago quarter to $3.9 million.Net income was up 57% to $858,000 or $0.05 per share.Non-GAAP net income increased 38% to $1.2 million or $0.07 per share (see definition of this and other non-GAAP measures and...
PyroGenesis Provides Update on its Iron Ore Pelletization Torch Business
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MONTREAL, Nov. 12, 2020 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (TSX-V: PYR; OTCQB: PYRNF; FRA: 8PY) (the “Company” or “PyroGenesis”), a high-tech company that designs, develops, manufactures and commercializes advanced plasma processes and products, is pleased to provide an update on the Company’s iron ore pelletization plasma torch business.Mr. P. Peter Pascali, CEO and Chair of PyroGenesis, provides this update in the following Q&A format. The questions, for the most part, are derived from inquiries received from investors, and analysts:Q1. For those who are new to the story, could you please provide us with some background on your high-powered (~ 1 MW range) plasma torch business and how it relates to the iron ore pelletization industry?A. Most certainly.For background, pelletization is the process in which iron ore...
Yield10 Bioscience Announces Collaboration with Rothamsted Research to Develop Advanced Technology for Producing Omega-3 Nutritional Oils in Camelina
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WOBURN, Mass. and HARPENDEN, U.K., Nov. 12, 2020 (GLOBE NEWSWIRE) — Yield10 Bioscience, Inc. (Nasdaq:YTEN), an agricultural bioscience company, today announced it has signed a collaboration agreement with UK-based Rothamsted Research to support Rothamsted’s Flagship Program to develop omega-3 oils in Camelina sativa. The technology developed by Rothamsted could enable the sustainable, plant-based production of omega-3 (DHA+EPA) nutritional oils that closely mimic the composition of southern hemisphere fish oil, an important ingredient in aquaculture feed. Omega-3 oils are also essential for human nutrition and have demonstrated benefits in heart health.Rothamsted Research is a world-leading nonprofit research center based in Harpenden, UK that focuses on strategic agricultural science to the benefit of farmers and society worldwide....
BioSig to Host Business Update Conference Call on November 18, 2020
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Westport, CT, Nov. 12, 2020 (GLOBE NEWSWIRE) — BioSig Technologies, Inc. (NASDAQ: BSGM) (“BioSig” or the “Company”), a medical technology company commercializing a proprietary biomedical signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals, today announced that it would host a call on November 18, 2020, at 4:15 PM ET. Kenneth L. Londoner, Chairman, and CEO of BioSig Technologies, Inc. will review highlights from the Company’s third quarter of 2020 and discuss corporate initiatives, including ongoing PURE EP™ System installations and commercialization outlook.Conference Call DetailsDate: Wednesday, November 18, 2020Time: 4:15 PM Eastern Time (ET)Dial in Number: +1 877-407-8293 / 201-689-8349BioSig’s PURE EP™ System is currently...
Eight Additional Corning Sites Achieve U.S. EPA Challenge for Industry Energy Goals
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CORNING, NY, Nov. 12, 2020 (GLOBE NEWSWIRE) — Corning Incorporated (NYSE: GLW) announced on Thursday that eight more of its global manufacturing facilities have recently reduced energy intensity by an average of 13.2%, meeting or exceeding the goals set by the U.S. Environmental Protection Agency’s ENERGY STAR® Challenge for Industry. To meet the challenge, industrial sites must each increase energy efficiency by at least 10% in five years or less.“Thousands of industrial plants are improving their efficiency, cutting energy costs, and reducing energy-related carbon emissions by taking the ENERGY STAR Challenge for Industry,” said Jean Lupinacci, director of the EPA’s Climate Protection Partnerships division. “By challenging their plants, companies like Corning and others demonstrate their commitment to strong energy management. Through...