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Year: 2020

Magic Reports Third Quarter 2020 Financial Results with Both Record-Breaking Revenues of $95 million, reflecting a 11% Year Over Year Growth and Record-Breaking Operating Income of $11 million, reflecting a 30% Year Over Year Growth

OR YEHUDA, Israel, Nov. 16, 2020 (GLOBE NEWSWIRE) — Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and application development platforms solutions and IT consulting services, announced today its financial results for the third quarter and nine-months ended September 30, 2020.Financial Highlights for the Third Quarter Ended September 30, 2020Revenues for the third quarter increased 11% to a record breaking $94.9 million compared to $85.8 million in the same period last year.Operating income for the third quarter increased 30% to a record breaking $11.0 million compared to $8.5 million in the same period last year.Non-GAAP operating income for the third quarter increased 21% to a record breaking $14.2 million compared to $11.8 million in the same period last year.Net income attributable...

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Interim Management Statement Q1 2020/21

16 November 2020Announcement no. 311Interim Management Statement covering Q1 2020/21The Board of Directors of Rovsing A/S has today considered and approved the Interim Management Statement for the first quarter (1 July 2020 – 30 September 2020) of the financial year 2020/21.Q1 highlightsIn Q1 of the financial year 2020/21, the revenue amounted to DKK 5.8 million (2019/20: DKK 4.6 million) Q1 EBITDA of DKK 0.4 million (2019/20: DKK -0.7 million). The positive EBITDA in Q1 is an outcome of optimised operations and normalised project gross margins Current order intake is strong and covers the outlook for the current financial year. In Q1 2020/21 Rovsing signed an order of the 3rd recurring MPCV-ESM PCDU EGSE for Leonardo S.p.A. and kicked off the SMILE PLM Independent Software Validation & Verification for Airbus DS, Spain. In addition,...

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Dogness Opens New High-Tech Headquarters to Support Global Growth

DONGGUAN, China, Nov. 16, 2020 (GLOBE NEWSWIRE) — Dogness (International) Corporation (“Dogness” or the “Company”) (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of branded and off-brand pet products, today announced the grand opening of its new high-tech headquarters in Dongguan, China, in support of the Company’s global growth.Silong Chen, Chairman and CEO of Dogness, commented, “The grand opening of our new headquarters marks another major milestone as we continue to execute on our long-term business objectives and support our expected future revenue and profit growth. Over the past 17 years we have successfully built a leading global brand with a powerful distribution network, which will enable the next phase of our expansion.”The new Dogness headquarters, based in Dongguan, China, features an expansive 30,000...

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CytoDyn Announces Registration of Trademark for VYROLOGIX in Several Countries

       Vyrologix is the proprietary name for leronlimabVANCOUVER, Washington, Nov. 16, 2020 (GLOBE NEWSWIRE) — CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, today announced that nine of the Company’s trademark applications to register the VYROLOGIX mark have now successfully passed through formal examination. In summary, the U.S. and E.U. applications have been allowed, applications in Hong Kong, China and Russia have registered, and the Company’s applications in Australia, Israel, New Zealand and Singapore will each proceed to registration once they have passed through the opposition period unopposed.Vyrologix (pronounced – vie-ro-loj-iks) is the proprietary name...

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AIR Worldwide Provides Annual Global View of Risk

Boston, Nov. 16, 2020 (GLOBE NEWSWIRE) — Catastrophe modeling firm AIR Worldwide (AIR) today released its 2020 Global Modeled Catastrophe Losses report, detailing key loss metrics from AIR’s global industry exceedance probability (EP) curve. Based on the report, AIR estimates that the global modeled insured average annual loss from catastrophes worldwide is nearly USD 100 billion. The 1 percent aggregate exceedance probability insured loss (or the 100-year return period loss) is nearly USD 301 billion. The 2020 report derives its loss metrics from the most current suite of global property and crop models from AIR, including new models and updates released during 2020 as well as databases of property values for more than 110 countries; the report excludes losses from AIR’s pandemic, cyber, and casualty models. AIR Worldwide is a...

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Iconix Reports Financial Results for the Third Quarter 2020

Total revenue of $24.5 million compared to $35.5 million in the prior year quarter.GAAP Operating Income $66.4 million as compared to a loss of $8.1 million in the prior year quarter.Adjusted EBITDA of $13.7 million, compared to $20.9 million in the prior year quarter.Continued to improve cost structure, decreasing SG&A expenses by $16.4 million from prior year quarter.Completed Sale of Starter China in September 2020 with net proceeds of $15.6 million and in October repaid $11.7 million of Senior Secured Term Loan.NEW YORK, Nov. 16, 2020 (GLOBE NEWSWIRE) — Iconix Brand Group, Inc. (Nasdaq: ICON) (“Iconix” or the “Company”) today reported financial results for the third quarter ended September 30, 2020.Bob Galvin, CEO commented, “As we continue to navigate through the pandemic and the resulting economic...

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JD.com Announces 2020 Third Quarter Results

BEIJING, Nov. 16, 2020 (GLOBE NEWSWIRE) — JD.com, Inc. (NASDAQ: JD and HKEX: 9618), China’s leading technology driven e-commerce company transforming to become the leading supply chain-based technology and service provider, today announced its unaudited financial results for the three months ended September 30, 2020.Third Quarter 2020 HighlightsNet revenues for the third quarter of 2020 were RMB174.2 billion (US$125.7 billion), an increase of 29.2% from the third quarter of 2019. Net revenues from the sales of general merchandise products for the third quarter of 2020 were RMB58.1 billion (US$8.6 billion), an increase of 34.8% from the third quarter of 2019. Net service revenues for the third quarter of 2020 were RMB22.8 billion (US$3.4 billion), an increase of 42.7% from the third quarter of 2019.Income from operations for the...

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Harbor Custom Development, Inc. Announces Third Quarter Financial Results Highlighted by 15% Increase in Sales

GIG HARBOR, Wash., Nov. 16, 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 consolidated financial results for the third quarter ended September 30, 2020.Third Quarter HighlightsSales Increased by 15% vs Q3 2019Gross Margins Increased to 8% vs -3% Q3 2019Acquired or Contracted for 321 Single Family Lots in Western WashingtonContracted to Acquire 144-Unit Apartment Site in Port Orchard, WashingtonAnnounced Product Expansion to Enter First Time Home Buyer MarketAnnounced Product Expansion into Multi-Family Rental MarketChief Executive Officer Sterling Griffin stated, “The third quarter of 2020 kicked off with our entry into the public...

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