Month: April 2021

C-Bond Systems Reports Record Annual Revenues for 2020

Written by Customer Service on April 19, 2021. Posted in Earnings Releases And Operating Results.

HOUSTON, April 19, 2021 (GLOBE NEWSWIRE) — C-Bond Systems (the “Company” or “C-Bond”) (OTC: CBNT), a nanotechnology solutions company, announced today that it reported its financial results for the year ended December 31, 2020, including record quarterly and annual revenue. Full Year 2020 Financial Highlights:Revenue generated for 2020 was $658,432 compared to $602,356 for 2019. This represents a 9% increase year over year, and approximately 46% of revenue was achieved in Q4 2020. Operating expenses decreased to $4,892,959 in 2020 from $6,839,231 in 2019, a 28% reduction. Operating loss decreased 30% to $4,477,033 in 2020 from $6,358,612 in 2019; operating loss not including stock-based compensation decreased to $735,982 for 2020 from $998,936 in 2019. Net loss decreased 39% to $4,434,443 or ($0.03) per share from $7,240,740 or...

Staffing 360 Solutions Reports Fiscal Full Year 2020 and Fourth Quarter Results

Written by Customer Service on April 19, 2021. Posted in Earnings Releases And Operating Results.

NEW YORK, April 19, 2021 (GLOBE NEWSWIRE) — Staffing 360 Solutions, Inc. (NASDAQ: STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today announced its Fiscal 2020 full year-end and fourth quarter financial results. Q4 2020 OverviewRevenue declined by 15.7% to $53.8 million from $63.8 million in Q4 ’19 (10.9% decline excluding the disposal of firstPRO)Sequential revenue growth from Q3 was 10.7% (15.3% increase excluding the disposed business)Gross profit declined by 28.6% to $8.3 million from $11.6 million in Q4 ’19 (15.9% decline excluding the disposed business) Loss from operations of $1.4 million as compared with a loss from operations of $0.9 million in Q4 ’19 Net loss of $2.2 million improved slightly...

Omega-3 Fatty Acids Market to Worth USD 1,922.05 Million by 2027; Increasing Investment in Extraction of the Product Will Aid Growth, says Fortune Business Insights™

Written by Customer Service on April 19, 2021. Posted in Mergers And Acquisitions.

Pune, India, April 19, 2021 (GLOBE NEWSWIRE) — According to a report published by Fortune Business Insights, titled “Omega-3 Fatty Acids Market Size, Share & Industry Analysis, By Source (Concentrates, Fish Oil, Algae Oil, Krill Oil, and Other Plant Sources), Application (Dietary Supplements, Functional/Fortified Foods, Infant Formulae, Pharmaceuticals, and Animal Feed & Pet Food), and Regional Forecast, 2020 – 2027,” The global omega-3 fatty acids market size is projected to reach USD 1.92 billion by the end of 2027. The increasing awareness regarding the benefits of these products will emerge in favor of market growth. The increasing integration of omega-3 fatty acids in dietary supplements will bode well for the market in the coming years. The market was worth USD 1.45 billion in 2019 and will exhibit a CAGR of...

American River Bankshares Reports First Quarter 2021 Results

Written by Customer Service on April 19, 2021. Posted in Earnings Releases And Operating Results.

SACRAMENTO, Calif., April 19, 2021 (GLOBE NEWSWIRE) — American River Bankshares (NASDAQ-GS: AMRB) today reported net income of $2.6 million, or $0.45 per diluted share for the first quarter of 2021 compared to $1.4 million, or $0.24 per diluted share for the first quarter of 2020. “Despite the challenges our markets continue to face due to COVID-19, we are optimistic that better days are ahead. The restrictions in our markets are easing and the vaccine distribution is accelerating,” said David E. Ritchie, Jr., President and Chief Executive Officer. “This optimism is further accentuated by the increased profitability, deposit growth, and excellent credit quality that we experienced in the first quarter of 2021.” Financial HighlightsNet loans decreased $3.1 million (0.7%) and deposits increased $44.4 million (6.0%) during the...

Old National reports 1st quarter earnings of $86.8 million, or $0.52 per share

Written by Customer Service on April 19, 2021. Posted in Earnings Releases And Operating Results.

EVANSVILLE, Ind., April 19, 2021 (GLOBE NEWSWIRE) —Old National Bancorp (NASDAQ: ONB) reports 1Q21 net income of $86.8 million, diluted EPS of $0.52. Adjusted1net income of $86.4 million, or $0.52 per diluted share.CEO COMMENTARY:“Old National’s positive first quarter results were driven by record first-quarter commercial loan production, strong mortgage revenue and excellent credit quality,” said Chairman and CEO Jim Ryan. “We also continue to work with our small business and non-profit clients who are affected by the pandemic to help them gain access to Paycheck Protection Program funds and also to complete the loan forgiveness process.”FIRST QUARTER HIGHLIGHTS2:Net incomeNet income of $86.8 millionEarnings per diluted share of $0.52 Net interestincome/NIMNet...

Oncocyte Enters the Rapidly Growing Immune Therapy Monitoring Market with the Closing of the Acquisition of Chronix Biomedical, Inc.

Written by Customer Service on April 19, 2021. Posted in Mergers And Acquisitions.

Oncocyte gains proprietary capabilities for immune therapy monitoring and transplant rejection testing, both from a standard blood sample Oncocyte’s technologies may provide more precision to the selection of appropriate immune therapies and monitoring for treatment response in real time allowing physicians to personalize treatment more effectively Establishes a European beachhead to launch Oncocyte’s full suite of tests IRVINE, Calif., April 19, 2021 (GLOBE NEWSWIRE) — Oncocyte Corporation (NASDAQ: OCX), a molecular diagnostics company with a mission to provide actionable answers at critical decision points across the cancer care continuum, has completed its acquisition of Chronix Biomedical, a privately held molecular diagnostics company developing blood tests for use in cancer treatment and organ transplants. The acquisition...

Funds advised by EMH Partners acquire 65% stake in cleverbridge AG

Written by Customer Service on April 19, 2021. Posted in Mergers And Acquisitions.

COLOGNE, Germany and CHICAGO and MUNICH, Germany, April 19, 2021 (GLOBE NEWSWIRE) — Funds advised by EMH Partners, based in Munich, have agreed to acquire 65% of the shares of cleverbridge AG. EMH and cleverbridge have agreed that EMH will acquire the majority shareholding in cleverbridge AG alongside the management team and founders. cleverbridge was founded in 2005 and is a leading, fast growing global provider of subscription billing and management services focused on digital goods, primarily software. With headquarters in Cologne, Germany and Chicago, USA, and offices in Tokyo, and Taipei, cleverbridge enables its clients to grow effortlessly on a global scale, serving more than 190 countries. “EMH Partners is the perfect partner for us as we accelerate our growth trajectory,” says Craig Vodnik, CEO and Co-Founder of cleverbridge....

Marlin Business Services Corp. Enters Into Definitive Agreement To Be Acquired by Funds Managed By HPS Investment Partners LLC

Written by Customer Service on April 19, 2021. Posted in Mergers And Acquisitions.

Marlin Shareholders to Receive $23.50 per share in Cash Transaction Marlin to Become a Privately Held Company Upon Completion of Transaction MOUNT LAUREL, N.J., April 19, 2021 (GLOBE NEWSWIRE) — Marlin Business Services Corp. (NASDAQ: MRLN), a nationwide provider of capital solutions to small businesses (“Marlin” or the “Company”), today announced that it has entered into a definitive agreement in which HPS Investment Partners LLC (“HPS”) will, through its European Asset Value Funds, acquire all of the Company’s outstanding shares of common stock in an all cash transaction for $23.50 per share, as potentially subject to downward adjustment discussed below, which represents a 65% premium over the closing price of Marlin’s common stock of $14.24 on April 16, 2021. HPS is a leading global investment firm with $68 billion of assets...

Bank of Marin Bancorp and American River Bankshares Announce The Signing of a Merger Agreement

Written by Customer Service on April 19, 2021. Posted in Mergers And Acquisitions.

NOVATO, Calif. and SACRAMENTO, Calif., April 19, 2021 (GLOBE NEWSWIRE) — Bank of Marin Bancorp, “BMRC” (Nasdaq: BMRC), parent company of Bank of Marin, “the Bank,” and American River Bankshares “AMRB” (Nasdaq: AMRB), parent company of American River Bank, today announced the signing of a merger agreement. American River Bankshares has ten branches across the Greater Sacramento, Amador and Sonoma County regions, assets of $916.1 million, total deposits of $788.6 million, and total loans of $475.4 million as of March 31, 2021. “This merger brings together two exceptional institutions that share complementary values and disciplined fundamentals,” said Russell A. Colombo, President and Chief Executive Officer of Bank of Marin Bancorp and Bank of Marin. “Bank of Marin will be able to expand its franchise by delivering the...

FTC Solar Announces Launch of Initial Public Offering

Written by Customer Service on April 19, 2021. Posted in Public Companies.

AUSTIN, Texas, April 19, 2021 (GLOBE NEWSWIRE) — FTC Solar, Inc. (“FTC”) today announced that it has launched the roadshow for its initial public offering of shares of its common stock. FTC is offering 18,421,053 shares of its common stock. The initial public offering price is expected to be between $18 and $20 per share, before underwriting discounts and commissions. In addition, FTC expects to grant the underwriters a 30-day option to purchase up to an additional 2,763,157 shares of common stock at the initial public offering price, less underwriting discounts and commissions. FTC has applied to list its common stock on the Nasdaq Global Market under the symbol “FTCI.” FTC intends to use the net proceeds that it receives from this offering for general corporate purposes, with a portion of the net proceeds used to purchase shares...

Month: April 2021

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