NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2020 Financial Results

Written by Customer Service on March 1, 2021. Posted in Earnings Releases And Operating Results.

Quarterly Total Revenues reached RMB6,641.1 million (US$1,017.8 million)iQuarterly Deliveries of the ES8, the ES6 and the EC6 were 17,353 vehiclesFull Year Total Revenues reached RMB16,257.9 million (US$2,491.6 million)Full Year Deliveries of the ES8, the ES6 and the EC6 were 43,728 vehiclesSHANGHAI, China, March 01, 2021 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.Deliveries of vehicles were 17,353 in the fourth quarter of 2020, including 4,873 ES8s, 7,574 ES6s and 4,906 EC6s, compared with 8,224 in the fourth quarter of 2019 and 12,206 vehicles delivered in the third quarter of 2020.Deliveries of vehicles were 43,728 in 2020, compared with 20,565...

Medexus Achieves Record Revenue of $31.5 Million for the Third Quarter Fiscal 2021

Written by Customer Service on March 1, 2021. Posted in Earnings Releases And Operating Results.

TORONTO, CHICAGO and MONTREAL, March 01, 2021 (GLOBE NEWSWIRE) — Medexus Pharmaceuticals Inc. (the “Company” or “Medexus”) (TSXV: MDP) (OTCQX: MEDXF) (Frankfurt: P731) today announced its financial and operating results for the three and nine months ended December 31, 2020. All dollar amounts below are in Canadian dollars unless specified otherwise.Third Quarter Fiscal 2021 Financial Highlights:The Company achieved record revenue of $31.5 million for the three-month period ended December 31, 2020, versus $16.2 million for the same period last year. As previously reported, the revenue for the period included approximately $3 million in IXINITY® revenues, which were originally expected to be realized in September 2020, but were instead realized in October 2020 due to a delay in receipt of finished product from the Company’s contract...

American National Announces Fourth Quarter and Full Year 2020 Results

Written by Customer Service on March 1, 2021. Posted in Earnings Releases And Operating Results.

GALVESTON, Texas, March 01, 2021 (GLOBE NEWSWIRE) — American National Group, Inc. (NASDAQ: ANAT) (formerly American National Insurance Company)(1) and subsidiaries (collectively, the “Company”) announced net income for the fourth quarter of 2020 of $306.4 million or $11.40 per diluted share, compared to $171.1 million or $6.37 per diluted share for the same period in 2019. The increase in net income for the fourth quarter of 2020 was primarily attributable to an increase of $77.0 million or $2.86 per diluted share in after-tax net gains on equity securities, an increase of $20.2 million or $0.75 per diluted share in after-tax net realized investment earnings, and an increase of $20.4 million or $0.75 per diluted share in after-tax earnings from our property and casualty business.After-tax net gains on equity securities increased...

Ormat Technologies Issues Statement

Written by Customer Service on March 1, 2021. Posted in Public Companies.

RENO, Nev. , March 01, 2021 (GLOBE NEWSWIRE) — Ormat Technologies, Inc. (NYSE: ORA) (the “Company” or “Ormat”) issued the following statement in response to a March 1, 2021 write up by Hindenburg Research LLC (“Hindenburg”). Hindenburg is a self-proclaimed short seller who we believe stands, along with its clients, to realize significant gains in the event that Ormat’s stock price declines.Hindenburg’s claims are inaccurate and filled with innuendo in an attempt to mislead investors about Ormat.We have been providing clean renewable energy in Kenya, Honduras and Guatemala for many years, supporting local communities. Our facilities are financed by numerous leading multinational banks, which conduct extensive due diligence on the Company and its operations prior to entering into lending agreements. We are committed to conducting...

WillScot Mobile Mini Announces Launch of Secondary Offering and Concurrent Stock Repurchase

Written by Customer Service on March 1, 2021. Posted in Public Companies.

PHOENIX, March 01, 2021 (GLOBE NEWSWIRE) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), a North American leader in modular space and portable storage solutions, today announced the launch of an underwritten, secondary offering (the “Offering”) of 10,750,000 shares (the “Shares”) of its common stock, par value $0.0001 per share (the “Common Stock”). The Shares are being offered by the Company’s principal shareholder, Sapphire Holding S.à r.l., an entity controlled by TDR Capital (the “Selling Stockholder”). The Selling Stockholder expects to grant the underwriter a 30-day option to purchase up to an additional 1,612,500 shares. The Company is not offering any shares in the Offering and will not receive any of the proceeds from the Offering.Morgan Stanley is acting as sole underwriter...

Idera Pharmaceuticals Reports Fourth Quarter and Full Year 2020 Financial Results and Provides Corporate Update

Written by Customer Service on March 1, 2021. Posted in Public Companies.

EXTON, Pa., March 01, 2021 (GLOBE NEWSWIRE) — Idera Pharmaceuticals, Inc. (“Idera” or the “Company”) (Nasdaq: IDRA) today reported its financial and operational results for the fourth quarter and year ended December 31, 2020.“Tilsotolimod is the most advanced TLR-9 agonist therapy in development, and we are eagerly anticipating objective response rate and other important data from ILLUMINATE-301, our pivotal registration trial in anti-PD-1 refractory advanced melanoma, later this month,” stated Vincent Milano, Idera’s Chief Executive Officer. “I’m very proud of our team’s resiliency and tenacity as they work diligently toward that goal, as well as the ongoing work in ILLUMINATE-206, our trial in micro-satellite stable colorectal cancer. In addition, we are in a healthy financial position and expect our current cash to fund our activities...

MediPharm Labs Announces $20 million Bought Deal Equity Financing

Written by Customer Service on March 1, 2021. Posted in Public Companies.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTORONTO, March 01, 2021 (GLOBE NEWSWIRE) — MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE:MLZ) (“MediPharm Labs” or the “Company”) a global leader in specialized, research-driven pharmaceutical-quality cannabis extraction, distillation and derivative products, is pleased to announce that it has entered into an agreement with Cantor Fitzgerald Canada Corp., as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 34,500,000 units of the Company (the “Units”) at a price of $0.58 per Unit for gross proceeds of $20,010,000 (the “Offering”).Each Unit will be comprised of one common share in the...

MercadoLibre, Inc. Reports Fourth Quarter 2020 Financial Results

Written by Customer Service on March 1, 2021. Posted in Earnings Releases And Operating Results.

Net Revenues of $1.3 billion, up 148.5% year-over-year on an FX neutral basis$15.9 billion Total Payment Volume, up 134.4% year-over-year on an FX neutral basis$6.6 billion Gross Merchandise Volume, up 109.7% year-over-year on an FX neutral basisBUENOS AIRES, Argentina, March 01, 2021 (GLOBE NEWSWIRE) — MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com), Latin America’s leading e-commerce technology company, today reported financial results for the quarter ended December 31, 2020.Pedro Arnt, Chief Financial Officer of MercadoLibre, Inc., commented, “Our strong performance during the quarter further established our leadership position in Latin America, which is the world’s fastest growing region for e-commerce, according to e-Marketer. These positive market dynamics, combined with our strong execution and focus, are...

Intrepid Reports Fourth Quarter and Full Year 2020 Results

Written by Customer Service on March 1, 2021. Posted in Earnings Releases And Operating Results.

DENVER, CO, March 01, 2021 (GLOBE NEWSWIRE) — Intrepid Potash, Inc. (NYSE:IPI) (“Intrepid”, the “Company”, “we”, “us”, “our”) today reports its financial results for the fourth quarter and full year of 2020.Key Fourth Quarter Takeaways$9.5 million improvement in the bottom line compared to the third quarter of 2020 with positive momentum continuing into 2021 across all segments. Net loss of $0.7 million, or $(0.05) per share in Q4 2020, compared to net loss of $10.2 million, or $(0.78) per share in Q3 2020.Adjusted EBITDA(1) of $9.7 million for the fourth quarter of 2020.Cash flow from operations of $12.7 million for the fourth quarter of 2020.Strong domestic sales volume for potash and Trio® in Q4 2020 as favorable weather, rising commodity prices, and compelling farm...

Voyant Acquisition Accelerates the AssetMark Financial Wellness Vision

Written by Customer Service on March 1, 2021. Posted in Mergers And Acquisitions.

CONCORD, Calif., March 01, 2021 (GLOBE NEWSWIRE) — AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced it will acquire Voyant, a leading global provider of SaaS-based financial planning and client digital engagement solutions. Voyant serves more than 20,000 advisors across financial institutions and small advisor firms in the United Kingdom, Canada, Ireland, and the United States. The acquisition of Voyant advances the AssetMark financial wellness vision by adding compelling digital capabilities to the AssetMark platform. This vision encompasses a holistic approach to advice that supports the client’s goals in a customized way.“AssetMark and Voyant have a shared vision for financial wellness. The acquisition of Voyant rapidly accelerates this vision, while providing enhanced benefits for our advisors and their clients....

Day: March 1, 2021

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