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Day: May 25, 2021

ISS Recommends Leaf Group Shareholders Approve Acquisition by Graham Holdings and All Related Proposals

SANTA MONICA, Calif., May 25, 2021 (GLOBE NEWSWIRE) — Leaf Group Ltd. (NYSE: LEAF) (“Leaf Group” or the “Company”), a diversified consumer internet company, today announced that Institutional Shareholder Services Inc. (“ISS”) has recommended shareholders vote to approve its merger agreement with Graham Holdings Company (NYSE: GHC) (“Graham Holdings”). Deborah A. Benton, Leaf Group’s Chair of the Board, commented: “Leaf Group is pleased that ISS has recognized the significant immediate and certain value this transaction offers our shareholders. Their analysis supports the Board of Directors’ conclusion that this merger agreement is a categorically better outcome for Leaf Group’s shareholders than the potential value that might be generated through continued standalone operation. The Board continues to unanimously recommend that...

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URBN Reports Record Q1 Sales and EPS

PHILADELPHIA, May 25, 2021 (GLOBE NEWSWIRE) — Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands comprised of the Anthropologie, BHLDN, Free People, FP Movement, Terrain, Urban Outfitters, Nuuly and Menus & Venues brands, today announced net income of $54 million and record first quarter earnings per diluted share of $0.54 for the three months ended April 30, 2021. Due to the material impact of COVID-19 on our business operations in fiscal 2021, including mandated store closures, this release includes a comparison of fiscal 2022 results to fiscal 2020, in addition to a comparison of fiscal 2022 results to fiscal 2021. Management views the comparison of fiscal 2022 results to fiscal 2020 as the more meaningful measurement of the Company’s...

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Euroseas Ltd. Reports Results for the Quarter Ended March 31, 2021

ATHENS, Greece, May 25, 2021 (GLOBE NEWSWIRE) — Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three-month period ended March 31, 2021. First Quarter 2021 Financial Highlights:Total net revenues of $14.3 million. Net income of $3.8 million; net income attributable to common shareholders (after a $0.1 million of dividend on Series B Preferred Shares and a $0.1 million of preferred deemed dividend arising out of the redemption of approximately $2 million of Series B Preferred Shares in the first quarter of 2021) of $3.6 million or $0.53 per share basic and diluted. Adjusted net income attributable to common shareholders1 for the period was $3.0 million or $0.45 per...

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Treace Medical Concepts Reports First Quarter 2021 Financial Results

PONTE VEDRA, Fla., May 25, 2021 (GLOBE NEWSWIRE) — Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a commercial-stage orthopaedic medical device company driving a paradigm shift in the surgical treatment of Hallux Valgus (commonly known as bunions), today reported financial results for the first quarter ended March 31, 2021. Recent Highlights:Revenue of $18.7 million, a 66% increase over the same period last year Gross margin of 82.2%, an increase of 340 basis points from the same period last year Completed initial public offering with $107.1 million in proceeds, net of underwriting discounts, commissions and offering costs Interim results from ALIGN3D™ clinical study demonstrating positive radiographic and patient-reported outcomes starting at 6 weeks and maintained at 12 months“We are pleased to...

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Zscaler Reports Third Quarter Fiscal 2021 Financial Results

Third Quarter HighlightsRevenue grows 60% year-over-year to $176.4 million Calculated billings grows 71% year-over-year to $225.0 million Deferred revenue grows 65% year-over-year to $495.4 million GAAP net loss of $58.5 million compared to GAAP net loss of $19.3 million on a year-over-year basis Non-GAAP net income of $21.4 million compared to non-GAAP net income of $10.3 million on a year-over-year basisSAN JOSE, Calif., May 25, 2021 (GLOBE NEWSWIRE) — Zscaler, Inc. (Nasdaq: ZS), the leader in cloud security, today announced financial results for its third quarter of fiscal year 2021, ended April 30, 2021. “We delivered outstanding results for the third quarter, with revenue growth accelerating to 60% year over year and free cash flow reaching a new record. Our Zero Trust Exchange platform is helping customers realize...

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Capital Southwest Announces Financial Results for Fourth Quarter and Fiscal Year Ended March 31, 2021 and Announces Increase in Total Dividends to $0.53 per share for the Quarter Ended June 30, 2021

CSWC Reports Pre-Tax Net Investment Income of $0.44 Per Share for the Quarter Ended March 31, 2021 and Increases Regular Dividend to $0.43 Per Share DALLAS, May 25, 2021 (GLOBE NEWSWIRE) — Capital Southwest Corporation (“Capital Southwest,” “CSWC” or the “Company”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its financial results for the fourth fiscal quarter and fiscal year ended March 31, 2021. Fourth Quarter Fiscal Year 2021 Financial HighlightsTotal Investment Portfolio: $688.4 millionCredit Portfolio of $572.6 million:92% 1st Lien Secured Debt $74.8 million in new committed credit investments Weighted Average Yield on Debt Investments: 10.8% No investments on non-accrualEquity...

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D&H Ends Fiscal Year 2021 With 19% US Growth and Surpasses $5B in Revenue; Plans $300M Credit Increases for FY22

— Substantial Investments in Channel Credit Extensions, a New Gaming Team, An Education Community Engagement Group, and a New Distribution Center Will Mark D&H’s 104th Fiscal Year — HARRISBURG, Pa., May 25, 2021 (GLOBE NEWSWIRE) — D&H Distributing, a major provider of SMB, mid-market, and consumer technologies to the North American channel, announces it has finished its Fiscal Year 2021 on April 30th showing strong growth figures, with full fiscal year growth expected to exceed 19% in the US and 15% in Canada. The company also experienced 34% growth of business through its VAR customer base, and double-digit growth in its consumer sector. D&H Distributing’s combined US and Canadian revenue has now exceeded $5 billion USD. D&H’s proactive, demand-generation business model helped drive the strong growth, supported...

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Grapefruit USA Reports Cannabis Bumper Crop, Lower Demand due to Pandemic and Economic Uncertainty Contributed to Small Year-over-Year Revenue Decrease

Second quarter distribution rebound and increased revenues are expected as Hourglass products launch and Affiliate Program expands LOS ANGELES and DESERT HOT SPRINGS, Calif., May 25, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc., (“GPFT,” “Grapefruit” or the “Company”) (OTCQB: GPFT) a California based cannabis company, announces that in its quarterly report on Form 10-Q for the three months ended March 31, 2021, filed with the SEC on May 24, 2021, the Company reported net revenues of $350,815, a decrease of 10% over revenues of $393,559 for the three months ended March 31, 2020. This decrease in revenues was caused by a very strong cannabis harvest in the fourth quarter of 2020 and early 2021 which drove down wholesale cannabis prices significantly and limited the profitability of our distribution and trading...

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KRONOS ADVANCED TECHNOLOGIES TO PAY 1 DOGESPAC LLC UNIT FOR EACH 1 SHARE HELD ON THE RECORD DATE OF JUNE 15, 2021

Los Angeles, CA, May 25, 2021 (GLOBE NEWSWIRE) — (GLOBE NEWSWIRE) — KRONOS ADVANCED TECHNOLOGIES, INC. (OTC MARKETS: KNOS) (“KNOS” or the “Company”), an innovation-driven product development and production company that has significantly changed the way air is moved, filtered, and sterilized announced today that the Company has resolved to distribute to all shareholders, pro-rata, 1 unit of DogeSpac LLC for each share of KNOS held on June 15, 2021. DogeSpac currently owns 600,000,000 (www.dogecoincash.org) Dogecoin Cash (Crypto: DOG) and is designed as a Special Purpose Acquisition Corporation (SPAC) to raise funds to invest in advanced air purification products development.   Once DogeSpac has achieved this fund-raising goal, it will provide a first right of refusal for Kronos Advanced Technologies...

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Rafina’s Subsidiary C-Pharm Ltd Revenues for First Quarter 2021 $1.7 Million

Nicosia, Cyprus, May 25, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Rafina Innovations Inc. (OTC PINK: VICA), a Medical and Pharmaceutical development company, is pleased to announce C-Pharm’s 1st Quarter -31 March, 2021- revenues for 2021 are $1.7 Million US dollars. Rafina’s CEO stated, “Over a year into the pandemic, C-Pharm managed to increase its revenues from $700,000 within the first quarter of 2020 to $1.7 million in the first quarter of 2021, by acquiring new business strategies, expanding in new territories and creating new opportunities during difficult times. We have significantly increased our distribution and sale in pharmaceutical products throughout Europe. The next goal is to expand further into the Europe – Asia territories.” C-Pharm’s unique business model allows Rafina to...

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