Year: 2020

TORONTO, Nov. 17, 2020 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV: FW) (“Flow Capital”) today announced its financial and operating results for the three-month and nine-month periods ended September 30, 2020. Financial references are in Canadian dollars unless otherwise specified.2020 Third Quarter HighlightsEstimated book value at the end of Q3 of approximately $0.55 per share; year-to-date (YTD) growth of more than 21% from the book value at the year-end December 31, 2019Q3 total revenue under IFRS $3,839,000; YTD $6,767,000Q3 net income from continuing operations of $1,846,000; YTD $1,504,000Q3 adjusted EBITDA(1) of $1,520,000; YTD $2,356,000Q3 cash generated from operations of $1,567,000; YTD $2,230,000“In the third quarter, we achieved a steady growth in revenue as well as high levels of operating efficiency and resource allocation....

SAN DIEGO, Nov. 17, 2020 (GLOBE NEWSWIRE) — Oncternal Therapeutics, Inc. (Nasdaq: ONCT), a clinical-stage biopharmaceutical company focused on the development of novel oncology therapies, today announced that it has entered into an underwriting agreement with H.C. Wainwright & Co., LLC under which the underwriter has agreed to purchase on a firm commitment basis 6,451,613 shares of common stock of the Company, at a price to the public of $3.10 per share, less underwriting discounts and commissions. The closing of the offering is expected to occur on or about November 20, 2020, subject to satisfaction of customary closing conditions.H.C. Wainwright & Co. is acting as the sole book-running manager for the offering.The Company also has granted to the underwriter a 30-day option to purchase up to an additional 967,741 shares...

EPS Increases to $0.65 per Basic ShareBalance Sheet Fortified with $43.3 Million in Cash, No DebtSAN DIEGO, Nov. 17, 2020 (GLOBE NEWSWIRE) —  Franklin Wireless Corp.(FKWL), a market leader in broadband data communications including hardware and software solutions for M2M and the IoT (Internet of Things), today announced record financial results for the first fiscal quarter, the period ended September 30, 2020.Financial and Operational HighlightsFirst quarter revenues increased 605% to a record $62.6 million.First quarter operating income of $9.2 million versus $276,000 in the first quarter last year.First quarter net income increased to $6.9 million, a positive swing of $6.6 million versus the first quarter last year.“The record quarterly results reflect continued strong demand for our solutions as schools and businesses adapt to...

NEW YORK, Nov. 17, 2020 (GLOBE NEWSWIRE) — Warner Music Group Corp. will release its financial results on Monday, November 23, 2020, for the fourth quarter and fiscal year ended September 30, 2020, and will hold an earnings update conference call that morning at 8:30 a.m. ET. To access the conference call, please dial (833) 646-0491 or (918) 922-6618. The passcode for the call is “Warner Music.”  We suggest you call in 10 minutes prior to the start time. If you do not anticipate asking a question, we recommend joining via the webcast at www.wmg.com. You will be able to replay the conference call up until Wednesday, December 23, 2020 at 11:30 a.m. ET by dialing (855) 859-2056 or (404) 537-3406. The passcode for the conference replay is 5044238.Investor Relations Contact:Kareem ChinKareem.Chin@wmg.comMedia Contact:James StevenJam...

MANITOWOC, Wis., Nov. 17, 2020 (GLOBE NEWSWIRE) — Investors Community Bank (“ICB”), a subsidiary of County Bancorp, Inc. (NASDAQ:ICBK), recently welcomed Matthew Fehrmann, Vice President – Technology Solutions, to its team.In this role, Fehrmann is responsible for providing oversight and management of Information Technology (I.T.) operations and the technology support team, while continuously analyzing department needs, processes and technologies to identify vulnerabilities and boost productivity, efficiency and accuracy. He will be based out of the ICB headquarters in Manitowoc.Fehrmann holds an associate’s degree in Computer Networking from Lakeshore Technical College, a bachelor’s degree in Business Management from Silver Lake College and a master’s degree in Business Administration (MBA) from Marquette University. Prior...

VANCOUVER, British Columbia, Nov. 17, 2020 (GLOBE NEWSWIRE) — New Pacific Metals Corp. (“New Pacific” or the “Company”) announces that, further to its news releases dated July 22 and August 26, 2020, it has received conditional approval from the Toronto Stock Exchange to complete the spin-out of all existing common shares of Whitehorse Gold Corp. (“Whitehorse”) to Company shareholders by way of a share exchange under a court approved plan of arrangement pursuant to the Business Corporations Act (British Columbia) (the “Spin-Out”), all in accordance with the agreement dated August 25, 2020 (the “Arrangement Agreement”) between the Company and Whitehorse. Pursuant to the Arrangement Agreement, the Company wishes to announce that the effective date of the Spin-Out will be November 18, 2020 (the “Effective...

TORONTO, Nov. 17, 2020 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX:ERE.UN, “ERES” or the “REIT”) announced today that it has entered into an agreement to acquire a multi-residential property located in Prins Alexander, a district in the northeast of Rotterdam (the “Mill Property”). The two-building property is comprised of 84 residential units, of which approximately 85% are liberalized with the remaining convertible upon turnover. The residential property is 100% owned and currently 98% leased at an Average Monthly Rent (“AMR”) of €956 per month (excluding service charge income), providing significant rent uplift potential.The €22.3 million (C$34.6 million) purchase price (excluding transaction costs and fees) represents an estimated forward capitalization rate of approximately 3.5%. Closing is anticipated...

OTTAWA, Nov. 17, 2020 (GLOBE NEWSWIRE) — Leonovus Inc., (“Leonovus”) (TSXV: LTV) today announced its operating and financial results for the quarter ended September 30, 2020. Amounts are in U.S. dollars unless otherwise stated.The Company recorded revenues of $69,000 during Q3 2020 compared to revenues of $Nil in Q3 2019. Year-to-date revenues were $191,000 (YTD 2019 – $19).The Company incurred a net loss of $421,000 in the third quarter ended September 30, 2020 (YTD 2020 – $1,176,000), compared to a net loss of $1,047,000 in Q3 2019 (YTD 2019 – $4,042,000). Total operating expenses decreased to $376,000 for the third quarter of 2020 compared to $1,010,000 in the same period in 2019. Year-to-date operating expenses were $1,221,000 compared to $3,363,000 in 2019.The Company had cash of $137,000 as of September 30,...

Willich-Münchheide, Germany, Nov. 17, 2020 (GLOBE NEWSWIRE) — The Continental Automotive Group honors ROHM Semiconductor with the “Supplier of the Year 2019 Award” in the category “Discrete Semiconductors” for particularly outstanding performance. Since 2008, Continental conducts an annual broad-based analysis to identify exceptional contributions in customer satisfaction and at all levels of quality, technology, commitment, costs and purchasing conditions. This is the fifth time within the last ten years that ROHM has received this prestigious award. This year, the award was presented in a virtual ceremony.“We are pleased to honor ROHM Semiconductor’s commitment with the Supplier of the Year 2019 Award,” says Elena Rasmussen, Vice President Purchasing Electronics Discretes at Continental Automotive...