WestBond Realizes Profit of $1,850,241 for Quarter Ended December 31, 2020

Written by Customer Service on February 25, 2021. Posted in Earnings Releases And Operating Results.

DELTA, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) — WestBond Enterprises Corporation (TSX-V: WBE) is pleased to announce its third quarter financial results.WestBond has realized a profit of $1,850,241 for the three months ended December 31, 2020. This represents an increase of 1,128% from the profit of $150,656 for the three months ended December 31, 2019. Sales increased 106.7% to $6,157,646 this quarter compared to $2,978,487 for the three months ended December 31, 2019. The increases are due to strong demand for dry-wipes and the ViroBan Plus disinfectant wipes, which were introduced in the last week of August 2020.The quarterly dividend has been resumed at an increased rate of $0.02 per share. The next dividend will be paid on March 22, 2021 to shareholders of record on March 5, 2021.The quarterly report and other information...

Cidara Therapeutics Provides Corporate Update and Reports Fourth Quarter and Full Year 2020 Financial Results

Written by Customer Service on February 25, 2021. Posted in Earnings Releases And Operating Results.

SAN DIEGO, Feb. 25, 2021 (GLOBE NEWSWIRE) — Cidara Therapeutics, Inc. (Nasdaq: CDTX), a biotechnology company developing long-acting therapeutics designed to transform the standard of care for patients facing serious fungal or viral infections, today reported financial results for the three months and full year ended December 31, 2020 and provided an update on its corporate activities and product pipeline.“We are pleased with our progress across our rezafungin Phase 3 trials and Cloudbreak platforms despite the pandemic-related challenges imposed during the course of 2020. We continue to expect top-line data from the ongoing ReSTORE trial by the end of 2021,” said Jeffrey Stein, Ph.D., President and Chief Executive Officer of Cidara. “In addition, we were thrilled to recently announce the appointment of talented Board members and...

Freshii Inc. Announces Fourth Quarter and Fiscal Year 2020 Results and Announces Normal Course Issuer Bid

Written by Customer Service on February 25, 2021. Posted in Earnings Releases And Operating Results.

Generates positive free cash flow1 in fiscal 2020North American digital sales1 surpassed $20 million in fiscal 2020, with Freshii mobile app sales up 65% in Q4 2020 vs Q4 2019Continued deployment of significant investment funds to support franchisees, with additional support planned for 2021CPG business completes successful Walmart Canada Expansion and launch of other major grocery retailersLaunch of Freshii supplements division with Apple Cider Vinegar gummies now available in-storeReceives TSX Approval for Normal Course Issuer BidTORONTO, Feb. 25, 2021 (GLOBE NEWSWIRE) — Health and wellness brand Freshii Inc. (TSX: FRII) (“Freshii” or, the “Company”) today announced financial results for the fourth quarter ended December 27, 2020 (“Q4 2020”) and fiscal year ended December 27, 2020 (“fiscal 2020”).“Despite the ongoing challenges...

Westport Fuel Systems and AVL Joint Paper Assesses Total Cost of Ownership for Hydrogen Internal Combustion Engines

Written by Customer Service on February 25, 2021. Posted in Public Companies.

H2-HPDI the most capital-efficient, near-term means to use hydrogen, achieve near-zero CO2 emissions for heavy-duty trucking applicationsThis news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated November 9, 2020 to its final short form base shelf prospectus for the Province of Quebec and its amended and restated final short form base shelf prospectus for each of the Provinces of Canada except Quebec, each dated October 27, 2020.VANCOUVER, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX/Nasdaq: WPRT) a global leader in alternative fuel, low-emissions transportation technologies today released a joint publication with AVL, the world’s largest independent company for the development, simulation and testing...

Avante Logixx Inc. Announces Adjusted EBITDA of $1.63 Million for the Third Quarter Ended December 31, 2020 on Record Revenues of $25.2 Million

Written by Customer Service on February 25, 2021. Posted in Earnings Releases And Operating Results.

Not for distribution to U.S. news wire services or for dissemination in the United StatesTORONTO, Feb. 25, 2021 (GLOBE NEWSWIRE) — Avante Logixx Inc. (TSX.V: XX) (OTC: ALXXF) (“Avante” or the “Company”) is pleased to announce its results for the third quarter ended December 31, 2020 (all amounts in thousands of Canadian dollars, unless otherwise indicated).RESULTS FOR THE THIRD QUARTER ENDED DECEMBER 31, 2020“Our results today, especially during these uncertain times, are demonstrable evidence that our initial investments in people, processes and technology, coupled with our industry’s resiliency, are the foundation of our strategy” said Craig Campbell, CEO and Director of Avante. “Having transformed a small, regional company into a diversified, multi platform national business, we continue to deliver strong organic growth and improved...

CubeSmart Reports 2020 Annual Results

Written by Customer Service on February 25, 2021. Posted in Earnings Releases And Operating Results.

MALVERN, Pa., Feb. 25, 2021 (GLOBE NEWSWIRE) — CubeSmart (NYSE: CUBE) today announced its operating results for the three and twelve months ended December 31, 2020.“The fourth quarter was a strong conclusion to a challenging year that showcased the strength of the CubeSmart platform as robust operating fundamentals lead to a further acceleration of growth trends. Our team demonstrated its resilience by adapting to the many unique challenges faced throughout the year, while their innovative spirit positions us well heading into 2021,” commented President and Chief Executive Officer Christopher P. Marr. “Our strong liquidity and capital position will allow us to continue executing on our external growth objectives.”Key Highlights for the Fourth QuarterReported earnings per share (“EPS”) attributable to the Company’s common shareholders...

Summit Financial Group, Inc. Announces Q1 Dividend of $0.17 Per Share

Written by Customer Service on February 25, 2021. Posted in Dividend Reports And Estimates.

MOOREFIELD, W.Va., Feb. 25, 2021 (GLOBE NEWSWIRE) — Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a first quarter 2021 dividend of $0.17 per share payable on March 31, 2021 to common shareholders of record as of the close of business on March 15, 2021.Summit Financial Group, Inc. is a $3.11 billion financial holding company headquartered in Moorefield, West Virginia. Summit provides community banking services primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia, the Northern, Shenandoah Valley and Southwestern regions of Virginia and the Central region of Kentucky, through its bank subsidiary, Summit Community Bank, Inc., which operates forty-three banking locations.

John C. Simpson Transitions to Chairman Emeritus; Red River Bancshares, Inc. Board of Directors Elects Teddy R. Price as Chairman of the Board and Anna Brasher Moreau, DDS, MS as New Director

Written by Customer Service on February 25, 2021. Posted in Public Companies.

ALEXANDRIA, La., Feb. 25, 2021 (GLOBE NEWSWIRE) — Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that its founding director John C. Simpson has decided to transition from his role as Chairman of the Board of the Company and Red River Bank, the Company’s wholly-owned subsidiary. Simpson will remain a member of the board of directors of the Company and Red River Bank, serving with the distinction of Chairman Emeritus. Teddy R. Price, who is also a founding director, has been elected by the board to serve as Chairman of the Board of the Company and Red River Bank. The board also appointed Anna Brasher Moreau, DDS, MS, as an independent director to the Board of the Company and Red River Bank. All changes are effective February 25, 2021.Blake Chatelain, President and Chief Executive Officer of the Company,...

VAALCO Announces the Closing of the Acquisition of Additional Interest in the Etame Field From Sasol

Written by Customer Service on February 25, 2021. Posted in Public Companies.

HOUSTON, Feb. 25, 2021 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has now completed the previously announced acquisition of Sasol Gabon S.A.’s (“Sasol”) 27.8% working interest(1) in the Etame Marin block offshore Gabon, increasing the Company’s total working interest to 58.8%.Key HighlightsNearly doubles VAALCO’s total net production and reserves;Expected to be immediately accretive to VAALCO, with minimal additional variable costs;Anticipated to materially increase free cash flow(2) in 2021 and beyond, particularly in the current increasing price environment;Paid $29.6 million in cash to Sasol, taking into account the agreed upon transaction price of $44 million, the deposit already paid and post-effective date adjustments, with a future contingent payment of...

Dril-Quip, Inc. Announces Fourth Quarter and Full Year 2020 Results

Written by Customer Service on February 25, 2021. Posted in Earnings Releases And Operating Results.

HOUSTON, Feb. 25, 2021 (GLOBE NEWSWIRE) — Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) today reported operational and financial results for the fourth quarter and full year 2020.Key highlights for the fourth quarter of 2020 included:Delivered fourth quarter revenue of $87.2 million and full year 2020 revenue of $365.0 million despite significant disruptions to operations and timing of deliveries from pandemic related impacts;Recorded a net loss of $11.3 million, or $0.33 per share, in the fourth quarter of 2020 and a net loss of $30.8 million, or $0.87 per share, for the full year 2020;Generated adjusted EBITDA of $9.0 million, or 10.3% of revenue, in the fourth quarter of 2020 and adjusted EBITDA of $31.7 million, or 8.7% of revenue, for the full year 2020;Reported net cash used by operating activities of $16.8 million...

Day: February 25, 2021

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