Global Indemnity Group, LLC Reports Year Ended 2020 Results

Written by Customer Service on March 8, 2021. Posted in Public Companies.

BALA CYNWYD, Pa., March 08, 2021 (GLOBE NEWSWIRE) — Global Indemnity Group, LLC (NASDAQ:GBLI) (the “Company”) today reported a net loss available to shareholders of $21.2 million for the year ended December 31, 2020 compared to net income available to shareholders of $70.0 million for the corresponding period in 2019. Adjusted operating income was $12.4 million for the year ended December 31, 2020 compared to $41.4 million for the corresponding period in 2019.Selected Operating and Balance Sheet Information(Dollars in millions, except per share data)Selected Financial Data for the Twelve Months Ended December 31, 2020:Underwriting income – $17.9 million in 2020 compared to $43.3 million in 2019. The decrease is primarily due to an increase in the frequency and severity of catastrophes.Investment Income – $28.4 million...

HealthEquity Expands Commuter Offering with Luum

Written by Customer Service on March 8, 2021. Posted in Mergers And Acquisitions.

DRAPER, Utah, March 08, 2021 (GLOBE NEWSWIRE) — HealthEquity, Inc. (NASDAQ: HQY) (“HealthEquity”), the nation’s largest independent health savings account (“HSA”) custodian, today jointly announced the acquisition of Luum, a fast-growing technology platform for employee commute management, compliance and sustainability.This acquisition strengthens the HealthEquity commuter offering, delivering a critical toolset HR and facilities professionals need to implement flexible return-to-office and hybrid-workplace strategies. Combining technology and deep integrations with parking providers and IT integrations into HR and Payroll systems, employers can now offer safe, affordable commute alternatives and flexible remote-work benefits.“Luum’s enterprise commute platform and connected ecosystem of third-party...

Parker Scheduled to Present at the Bank of America Global Industrials Conference on March 16 at 12:30 p.m. Eastern Time

Written by Customer Service on March 8, 2021. Posted in Public Companies.

CLEVELAND, March 08, 2021 (GLOBE NEWSWIRE) — Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Bank of America Global Industrials Conference being held virtually on March 16, 2021 at 12:30 p.m. Eastern time.Parker’s scheduled presenter is Lee Banks, President and Chief Operating Officer. A live webcast of the presentation will be accessible on Parker’s investor information website at www.phstock.com and will be archived on the site for one year.Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than 100 years the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 64 consecutive...

Dada Announces Unaudited Fourth Quarter and Fiscal Year 2020 Financial Results

Written by Customer Service on March 8, 2021. Posted in Public Companies.

SHANGHAI, China, March 08, 2021 (GLOBE NEWSWIRE) — Dada Group (NASDAQ: DADA, “Dada” or the “Company”), China’s leading local on-demand delivery and retail platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020.Fourth Quarter and Fiscal Year 2020 HighlightsTotal net revenues in the fourth quarter were RMB2,015.8 million, an increase of 69.9% year-over-year. Total net revenues in 2020 were RMB5,740.0 million, an increase of 85.2% year-over-year.Number of orders delivered of Dada Now in 2020 was 1.1 billion, as compared with 753.8 million in 2019.Total Gross Merchandise Volume (“GMV”) of JDDJ in 2020 was RMB25.3 billion, an increase of 107.0% year-over-year from RMB12.2 billion in 2019.Number of active consumers for the twelve months ended December 31, 2020 was 41.3 million,...

Penn Virginia Reports Fourth Quarter and Full-Year 2020 Results

Written by Customer Service on March 8, 2021. Posted in Public Companies.

HOUSTON, March 08, 2021 (GLOBE NEWSWIRE) — Penn Virginia Corporation (“Penn Virginia” or the “Company”) (NASDAQ:PVAC) today announced its financial and operational results for the fourth quarter and full-year 2020 and 2021 outlook.Significant HighlightsGenerated net cash provided by operating activities of $32 million for the fourth quarter of 2020. For the full-year 2020, the Company generated net cash provided by operating activities of $222 million;Recorded approximately $3 million of free cash flow (“FCF”)(1) for the fourth quarter of 2020, including the impact of prepaid and early payments of approximately $21 million of capital expenditures, which locked in lower service costs and prepayment discounts. This is the fifth consecutive quarter of positive FCF. For the full-year 2020, the Company...

FlexShopper, Inc. Reports 2020 Fourth Quarter and Year End Financial Results

Written by Customer Service on March 8, 2021. Posted in Public Companies.

Q4 2020 Net Revenues Up 25.3% to $28.1 millionLease Merchandise, net, Up 37.8% at December 31, 2020 Compared With Prior YearBOCA RATON, Fla., March 08, 2021 (GLOBE NEWSWIRE) — FlexShopper, Inc. (Nasdaq:FPAY) (“FlexShopper”), a leading national online lease-to-own (“LTO”) retailer and LTO payment solution provider, today announced its financial results for the quarter and fiscal year ended December 31, 2020, highlighted by continued growth in lease activity from repeat customers, along with new customer additions.Results for Quarter Ended December 31, 2020 vs. Quarter Ended December 31, 2019:Results for Twelve Months Ended December 31, 2020 vs. Twelve Months Ended December 31, 2019: ¹Adjusted EBITDA is a non-GAAP financial measure. Refer to the definition and reconciliation of this measure under “Non-GAAP Measures”.Fourth Quarter...

RXR Acquisition Corp. Announces Closing of Upsized $300 Million Initial Public Offering

Written by Customer Service on March 8, 2021. Posted in Public Companies.

Uniondale, NY, March 08, 2021 (GLOBE NEWSWIRE) — RXR Acquisition Corp. (the “Company”) today announced the closing of its initial public offering (“IPO”) in which it raised gross proceeds of $300 million.The Company sold 30 million units at $10.00 per unit in the IPO. The Company’s units began trading on The Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “RXRA.U” on March 4, 2021. Each unit consists of one share of the Company’s Class A common stock and one-fifth of one redeemable warrant of the Company. Each whole warrant is exercisable to purchase one share of the Company’s Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “RXRA”...

A. H. Belo Corporation Announces Fourth Quarter and Full Year 2020 Financial Results

Written by Customer Service on March 8, 2021. Posted in Earnings Releases And Operating Results.

DALLAS, March 08, 2021 (GLOBE NEWSWIRE) — A. H. Belo Corporation (NYSE: AHC) today reported a fourth quarter 2020 net loss of $1.7 million, or $(0.08) per share, and an operating loss of $4.0 million. In the fourth quarter of 2019, the Company reported a net loss of $1.1 million, or $(0.05) per share, and an operating loss of $2.4 million.For the fourth quarter of 2020, on a non-GAAP basis, A. H. Belo reported operating income adjusted for certain items (“adjusted operating income (loss)”) of $0.5 million, an improvement of $0.4 million when compared to adjusted operating income of $0.1 million reported in the fourth quarter of 2019.For the full year 2020, the Company reported a net loss of $6.9 million, or $(0.32) per share, and an operating loss of $15.6 million. For the full year 2019, the Company reported net income of $9.3 million,...

Cerence to Present at the Cowen Mobility Disruption Conference

Written by Customer Service on March 8, 2021. Posted in Public Companies.

BURLINGTON, Mass., March 08, 2021 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Cowen Mobility Disruption Conference on Thursday, March 11, 2021 at 11:50 a.m. Eastern Time. The fireside chat format will feature Sanjay Dhawan, Cerence CEO, and Mark Gallenberger, Cerence CFO.The event will be webcast and can be accessed in the “Events & Resources” tab under the “Investors” section of the Company’s website at https://www.cerence.com/investors/events-and-resources.The webcast replay will be available on the Company’s website at www.cerence.com.About Cerence Inc.Cerence (NASDAQ: CRNC) is the global industry leader in creating unique, moving experiences for the mobility world. As an innovation partner to the world’s leading automakers and mobility OEMs,...

PDS Biotechnology Announces Conference Call and Webcast for Fourth Quarter and Full Year 2020 Financial Results

Written by Customer Service on March 8, 2021. Posted in Public Companies.

FLORHAM PARK, N.J., March 08, 2021 (GLOBE NEWSWIRE) — PDS Biotechnology Corporation (Nasdaq: PDSB), a clinical-stage immunotherapy company developing novel cancer therapies and infectious disease vaccines based on the Company’s proprietary Versamune® T-cell activating technology, today announced that the Company will release financial results for the three- and twelve-month periods ended December 31, 2020 on Thursday, March 18, 2021, before the market opens. Following the release, management will host a conference call to review the financial results and provide a business update.The conference call is scheduled to begin at 8:00 am ET on Thursday, March 18, 2021. Participants should dial 877-407-3088 (United States) or 201-389-0927 (International) and mention PDS Biotechnology. A live webcast of the conference call will also be...

Day: March 8, 2021

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