Day: January 28, 2021

Outlook Therapeutics Announces $10.0 Million Bought Deal Offering of Common Stock

Written by Customer Service on January 28, 2021. Posted in Public Companies.

MONMOUTH JUNCTION, N.J., Jan. 28, 2021 (GLOBE NEWSWIRE) — Outlook Therapeutics, Inc. (Nasdaq: OTLK) (“Outlook Therapeutics”), a late clinical-stage biopharmaceutical company working to develop the first FDA-approved ophthalmic formulation of bevacizumab-vikg for use in retinal indications, 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 10,000,000 shares of common stock of Outlook Therapeutics, at a price to the public of $1.00 per share, less underwriting discounts and commissions. The closing of the offering is expected to occur on or about February 2, 2021, subject to satisfaction of customary closing conditions.H.C. Wainwright & Co. is acting as the sole book-running manager for the offering.Outlook...

Smart Employee Benefits Inc. Closes Shares for Debt Transaction

Written by Customer Service on January 28, 2021. Posted in Public Companies.

MISSISSAUGA, Ontario, Jan. 28, 2021 (GLOBE NEWSWIRE) — Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) is pleased to announce that it has closed its previously announced shares for debt transaction. The Company issued 2,858,175 common shares in the capital of the Company (the “Shares”) at a price of $0.15 per Share in settlement of accrued directors’ fees in the amount of $428,726.25 owing to certain directors of the Company (the “Debt Settlement”).The issuance of Shares to the directors constitutes a “related party transaction” as this term is defined in Multilateral Instrument 61-101: Protection of Minority Securityholders in Special Transactions (“MI 61-101”). All of the independent directors of the Company, acting in good faith, determined that the fair market value of the Shares being issued pursuant to the...

Flushing Financial Corporation Reports 4Q20 GAAP EPS of $0.11 and 2020 GAAP EPS of $1.18 4Q20 Core EPS of $0.58 and 2020 Core EPS of $1.70 Third Consecutive Quarter of Record Net Interest Income

Written by Customer Service on January 28, 2021. Posted in Earnings Releases And Operating Results.

FOURTH QUARTER 2020 HIGHLIGHTS1GAAP diluted EPS of $0.11, compared to $0.50 in 3Q20 and $0.45 in 4Q19Core diluted EPS of $0.58 compared to $0.56 in 3Q20 and $0.41 in 4Q19GAAP ROAA and ROAE were 0.18% and 2.27% in 4Q20 compared to 0.73% and 9.11% in 4Q19, respectivelyCore ROAA and ROAE were 0.92% and 11.67% in 4Q20 compared to 0.67% and 8.36% in 4Q19, respectivelyRecord net interest income of $55.7 million, up 11.6% QoQ and 35.3% YoY, while core net interest income was $54.7, up 10.1% QoQ and 36.3% YoYNet interest margin of 3.08%, up 8 bps QoQ and 60 bps YoY and core net interest margin of 2.97%, up 8 bps QoQ and 64 bps YoYAverage loans were $6.4 billion, up 8.0% QoQ and 11.3% YoY while average deposits of $4.7 billion improved 8.2% QoQ and 4.0% YoYLoan pipeline remained strong at $354.6 million, up 9.3% from $324.5 million a year agoProvision...

InterDigital Update Guidance for Fourth Quarter 2020

Written by Customer Service on January 28, 2021. Posted in Public Companies.

WILMINGTON, Del., Jan. 28, 2021 (GLOBE NEWSWIRE) — InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today provided revenue guidance for fourth quarter 2020.The company expects total fourth quarter 2020 revenue to be between $87 million and $90 million, which includes between $85 million and $88 million of recurring revenue.The company also expects that in the fourth quarter 2020 it will recognize one-time charges of approximately $10-11 million, primarily related to on-going patent portfolio management. The one-time charges are expected to bring the sequential increase in operating expenses to approximately $15 million. The company had previously stated an expected increase of $5 million operating expenses over third quarter levels, primarily driven by litigation activities.About...

Meso Numismatics Shareholder Update

Written by Customer Service on January 28, 2021. Posted in Public Companies.

LAS VEGAS, NV, Jan. 28, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Meso Numismatics, Inc. (“Meso Numismatics” or the “Company”) (MSSV), a technology and numismatic company specializing in the Meso Region, including Central America and the Caribbean, is pleased to announce that it expects to file its Q2 within the next 10 days and its Q3 approximately 4 weeks thereafter which would bring the company’s filing status to current.“Meso is committed to closing the acquisition with Global Stem Cells Group and management expects that this transaction will add significant value for shareholders,” said David Christensen, President and CEO.This press release should be read in conjunction with all other filings on www.sec.gov.For more information on Global Stem Cells Group please visit: www.stemcellsgroup.com.About Meso Numismatics: Meso...

Power REIT Announces Extension of Time for Investors to Participate in its Previously Announced Rights Offering

Written by Customer Service on January 28, 2021. Posted in Public Companies.

Old Bethpage, New York, Jan. 28, 2021 (GLOBE NEWSWIRE) — Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has extended the date for the expiration of the closing on the previously announced Rights Offering to February 5, 2021.David Lesser, Power REIT’s Chairman and CEO, commented, “We are pleased with the general reaction to Power REIT’s Rights Offering which will allow us to pursue additional accretive acquisitions. As previously disclosed, we have received many indications of delayed receipt of the Rights Offering documents in the mail. We have also received requests for an extension of time for shareholders to participate and believe it is prudent to grant one additional extension. Accordingly, we have concluded to push back to February 5, 2021 the date of the closing on the Rights Offering...

SmartFinancial Increases Quarterly Cash Dividend by 20%

Written by Customer Service on January 28, 2021. Posted in Dividend Reports And Estimates.

KNOXVILLE, Tenn., Jan. 28, 2021 (GLOBE NEWSWIRE) — SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 28, 2021, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.06 per share of SmartFinancial common stock payable on March 1, 2021 to shareholders of record as of the close of business on February 12, 2021. The $0.06 per share quarterly dividend represents a 20% increase over SmartFinancial’s prior quarterly dividend declared in October 2020 of $0.05 per share.About SmartFinancial, Inc.SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with 35 branches spanning East and Middle Tennessee, Alabama and the Florida Panhandle....

Koss Corp. Releases Second Quarter Results

Written by Customer Service on January 28, 2021. Posted in Public Companies.

MILWAUKEE, Wis., Jan. 28, 2021 (GLOBE NEWSWIRE) — Koss Corporation (NASDAQ SYMBOL: KOSS), the U.S. based high-fidelity headphone company, has reported its second quarter results for the quarter ended December 31, 2020.Sales for the second quarter were $4,929,789, which is an 18.4% increase from sales of $4,162,659 for the same three month period one year ago. The three month net income was $508,890, compared to a net loss of $215,713 for the second quarter last year. Diluted and basic income per common share for the quarter was $0.07 compared to a loss per common share of $0.03 for the same three month period one year ago.Sales for the six months ended December 31, 2020, increased 5.9% from $9,573,421 in the same period last year to $10,138,084 in the current year. The six month net income was $635,819 compared to a net loss of...