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Month: February 2021

First Majestic Announces Financial Results for Q4 2020, FY2020 and Appointment of New Director

VANCOUVER, British Columbia, Feb. 18, 2021 (GLOBE NEWSWIRE) — FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the “Company” or “First Majestic”) is pleased to announce the consolidated financial results for the Company’s fourth quarter and year ended December 31, 2020. The full version of the financial statements and the management discussion and analysis can be viewed on the Company’s website at www.firstmajestic.com, on SEDAR at www.sedar.com and EDGAR at www.sec.gov. All amounts are in U.S. dollars unless stated otherwise.2020 HIGHLIGHTSGenerated robust revenues of $363.9 million primarily due to strong silver production and higher metal prices in the second half of 2020 which helped to offset reduced revenues in Q2 2020 due to Mexico’s national COVID-19 shutdown.Mine operating earnings of $105.1 million primarily...

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IKONICS Announces Improved 2020 and Fourth Quarter Results

DULUTH, Minn., Feb. 18, 2021 (GLOBE NEWSWIRE) — IKONICS Corporation (the “Company” or “IKONICS”) (NASDAQ:IKNX), a Duluth-based imaging technology company, announced 2020 and fourth quarter financial results. IKONICS had 2020 revenue of $13,432,000, down 23.8% from the prior year. The Company realized a net loss for 2020 of $439,000, or $0.22 per diluted share, compared to a 2019 loss of $814,000, or $0.41 per diluted share. Fourth quarter sales were $4,228,000, down 14.8% versus the same quarter in 2019. Earnings for the fourth quarter improved from a loss of $80,000, or $0.04 per diluted share, in 2019 to income of $1,463,000, or $0.74 per diluted share in 2020. Year-to-date and fourth quarter earnings in 2020 were both favorably impacted by the Company receiving forgiveness on its $1,215,000 SBA PPP loan.Glenn Sandgren, IKONICS’...

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Leaf Group to Announce Fourth Quarter 2020 Financial Results on February 25, 2021

SANTA MONICA, Calif., Feb. 18, 2021 (GLOBE NEWSWIRE) — Leaf Group Ltd. (NYSE: LEAF), a diversified consumer internet company that builds enduring, creator-driven brands that reach passionate audiences in large and growing lifestyle categories, today announced it will report its fourth quarter 2020 financial results after market close on February 25, 2021.  Together with a standard earnings release announcing its fourth quarter 2020 financial results, Leaf Group will also release a Shareholder Letter, which will be posted on its investor website at ir.leafgroup.com on February 25, 2021. The Leaf Group Shareholder Letter will include a quarterly earnings review along with a more detailed discussion of business trends and key topics. Leaf Group will also host a presentation during its conference call to discuss the results at 5:00...

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MannKind Corporation to Participate in 2021 SVB Leerink Global Healthcare Conference

WESTLAKE VILLAGE, Calif., Feb. 18, 2021 (GLOBE NEWSWIRE) — MannKind Corporation (Nasdaq: MNKD), a company focused on the development and commercialization of inhaled therapeutic products for patients with endocrine and orphan lung diseases, announced today that its Chief Executive Officer, Michael Castagna, PharmD, will participate in a Fireside Chat at the 2021 SVB Leerink Global Healthcare Conference on Thursday, February 25, 2021 at 1:00 pm (ET). Interested parties can access a link to the webcast from the Events & Presentations section of the Company’s website at http://www.mannkindcorp.com. The webcast replay will remain available for 14 days following the live presentation.About MannKind CorporationMannKind Corporation (NASDAQ: MNKD) focuses on the development and commercialization of inhaled therapeutic products...

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INDUS Announces Fiscal 2020 Fourth Quarter and Fiscal 2020 Results

NEW YORK, Feb. 18, 2021 (GLOBE NEWSWIRE) — INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”) today reported financial results for the three months ended November 30, 2020 (the “2020 fourth quarter”) and the twelve months ended November 30, 2020 (“fiscal 2020”).2020 Fourth Quarter & Recent HighlightsNet Loss of ($11.1) million and ($12.7) million for the 2020 fourth quarter and fiscal 2020, respectively, an increase of 328% in net loss compared to the three months ended November 30, 2019 (the “2019 fourth quarter”) and a decrease of 447% from net income during the twelve months ended November 30, 2019 (“fiscal 2019”)Net Operating Income (“NOI”)* of $7.1 million and $26.9 million for the 2020 fourth quarter and fiscal 2020, respectively (respective increases of 12.6% and 11.1% over the 2019 fourth quarter and...

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COIN Hodl Announces Agreement to Sell Del Carmen Royalty and Provides Update on Reverse Takeover

TORONTO, Feb. 18, 2021 (GLOBE NEWSWIRE) — COIN Hodl Inc. (TSXV: COIN) (“COIN”) is pleased to announce it has entered into a binding agreement with a royalty company pursuant to which COIN will sell its royalty interest (the “Royalty”) on certain mining concessions located in the Province of San Juan, Argentina (the “Del Carmen Project”), for cash consideration of C$1,600,000.The Royalty is a 0.5% net smelter returns royalty in respect of products mined from the Del Carmen Project which was granted to COIN under a royalty agreement with Minera Del Carmen S.A., dated April 6, 2015.The sale of the Royalty remains subject to satisfaction of customary conditions, approval of the TSX Venture Exchange (the “Exchange”) and execution of standard transaction documentation.No finder’s fees are payable in connection with the sale of the Royalty.Update...

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SOPerior Moves to NEX on TSX Venture Exchange

Not for distribution to the U.S. newswire or for dissemination in the United StatesTORONTO, Feb. 18, 2021 (GLOBE NEWSWIRE) — SOPerior Fertilizer Corp. (“SOP” or the “Company”) (TSX:SOP) announces that effective February 22, 2021, the Company’s shares will begin trading on the NEX Board (“NEX”) of the TSX Venture Exchange (“the Exchange”) under the symbol SOP.H.The Company will delist from trading on the Toronto Stock Exchange effective at the close on February 19, 2021. The Company no longer meets Toronto Stock Exchange minimum listing requirements and also does not meet the requirements of a TSX Venture Tier 2 company.On Behalf of the Board of DirectorsSOPERIOR FERTILIZER CORP.“Andrew Squires”Chief Executive OfficerContact InformationE-mail inquiries: info@SOPfertilizer.comP: (403) 850-0422NEITHER THE TORONTO STOCK EXCHANGE, NEX...

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Clear Link Between Pandemic and Recalibrating Workplace Design, Knoll; Study Finds “The Thriving Workplace,” Companion White Paper, Published

EAST GREENVILLE, Pa., Feb. 18, 2021 (GLOBE NEWSWIRE) — Knoll, Inc. (NYSE: KNL) — Research by Knoll, Inc., a constellation of design-driven brands and people, working together with clients in person and digitally to create inspired modern interiors for workplaces and homes, has found that over the next 18–24 months workplace design will accelerate away from individual workspaces to a reallocation of space for meeting spaces, social spaces and outdoor spaces.The finding supports the Knoll perspective that considers the emerging post-Covid pandemic workplace as an ecosystem supporting flexibility as to where and when one works but, importantly, weighted toward in-office collaborative activity. The Thriving Workplace celebrates this workplace design model, prioritizing brand values and organizational culture.Based on fourth quarter...

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Stockholders Approve ZAGG’s Definitive Agreement to be Acquired by Group Led by Evercel

SALT LAKE CITY, Feb. 18, 2021 (GLOBE NEWSWIRE) — ZAGG Inc (Nasdaq: ZAGG) (“we,” “us,” “our,” “ZAGG,” or the “Company”), a leading global mobile lifestyle company, today announced that its stockholders voted to adopt the previously announced definitive merger agreement in which ZAGG will be acquired by a buyer group led by Evercel, Inc. (“Evercel”) at its special meeting of stockholders held earlier today.   At the special meeting, ZAGG stockholders adopted the merger agreement with more than 56% of the outstanding shares voting in favor of the merger. The proposed merger is expected to close on or around February 22, 2021.About ZAGG IncZAGG Inc (NASDAQ: ZAGG) is a global leader in accessories and technologies that empower mobile lifestyles. The Company has an award-winning product portfolio that includes screen protection, mobile...

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First National Corporation to Acquire The Bank of Fincastle

STRASBURG, Va. and FINCASTLE, Va., Feb. 18, 2021 (GLOBE NEWSWIRE) — First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank ( “First Bank”) and The Bank of Fincastle (“Fincastle”) (OTCPK: BFTL) jointly announced today the signing of a definitive merger agreement.Upon completion of the acquisition, the combined company is expected to have approximately $1.2 billion in assets, $868 million in loans, $1.0 billion in deposits and 20 branch offices across Virginia. First National expects the transaction to be approximately 10% accretive to earnings per share.Commenting on the announcement, Scott Harvard, President and Chief Executive Officer of First National Corporation, said, “We are excited to be joining forces with another bank who has deep roots in their community, having...

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