Day: June 29, 2021

Valley National Bancorp Expands Into Dynamic Westchester County, NY Market With Acquisition of High-Performing Westchester Bank Holding Corporation

Written by Customer Service on June 29, 2021. Posted in Mergers And Acquisitions.

NEW YORK and WHITE PLAINS, N.Y. , June 29, 2021 (GLOBE NEWSWIRE) — Valley National Bancorp (“Valley”) (NASDAQ:VLY) and The Westchester Bank Holding Corporation (“Westchester”) announced today that they have entered into a definitive merger agreement whereby Valley will acquire Westchester, parent company of The Westchester Bank. The acquisition of this high-performing commercial bank will provide Valley a physical footprint and additional commercial lending expertise in the demographically attractive Westchester County (NY) market. Westchester is the largest independent commercially focused bank headquartered in Westchester County with total assets of $1.3 billion, total loans of over $0.9 billion, and total deposits above $1.1 billion across its seven branch network as of March 31, 2021. Westchester has consistently produced returns...

Avid Bioservices Reports Financial Results for Fourth Quarter and Fiscal Year Ended April 30, 2021 and Recent Developments

Written by Customer Service on June 29, 2021. Posted in Earnings Releases And Operating Results.

— Recorded Fourth Quarter Revenue of $27.6 Million and Annual Revenue of $95.9 Million — — Achieved Four Consecutive Quarters of Operational Profitability During Fiscal 2021 — — Signed Approximately $148 Million in New Business Orders and Achieved a Year-End Backlog of $118 Million During Fiscal 2021 , an 85% and 82% Increase Over Prior Year, Respectively — — Raised $138.5 Million Net in Successful Offering of 1.25% Convertible Senior Notes — — Project Fiscal 2022 Revenue of $115 to $117 Million, Representing 20% – 22% Growth Over Fiscal 2021 — TUSTIN, Calif, June 29, 2021 (GLOBE NEWSWIRE) — Avid Bioservices, Inc. (NASDAQ:CDMO), a dedicated biologics contract development and manufacturing organization (CDMO) working to improve patient lives by providing high quality...

Frequency Electronics, Inc. Announces Fourth Quarter Fiscal Year 2021 Results

Written by Customer Service on June 29, 2021. Posted in Earnings Releases And Operating Results.

Revenue Increases 31% Year-Over-Year and 53% Over Q4 Fiscal Year 2020 MITCHEL FIELD, N.Y., June 29, 2021 (GLOBE NEWSWIRE) — Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the fiscal year ended April 30, 2021, of $54.3 million, compared to revenues of $41.5 million for fiscal 2020, ended April 30, 2020. Revenues for the three months ended April 30, 2021 and 2020 were $15.6 million and $10.2 million, respectively. Operating loss for fiscal year 2021 was $958,000 compared to an operating loss of $10.9 million for fiscal year 2020. Operating income for the three months ended April 30, 2021 was $100,000 compared to an operating loss of $3.7 million for the three months ended April 30, 2020. Net income for fiscal year 2021 was $680,000 or $0.07 per diluted share compared to net losses of...

Akari Therapeutics Reports Q1 2021 Financial Results and Highlights Recent Clinical Progress

Written by Customer Service on June 29, 2021. Posted in Earnings Releases And Operating Results.

Open Investigational New Drug Application (IND) with U.S. Food and Drug Administration (FDA) for Phase III study of nomacopan in bullous pemphigoid (BP)Phase III study of nomacopan in severe pediatric hematopoietic stem cell transplant-related thrombotic microangiopathy (HSCT-TMA), a disease with no approved treatment, is open for enrollment in the U.S. and Europe.Ongoing pharmacokinetic (PK) study to evaluate the potential for nomacopan as a treatment for dry age-related macular degeneration (AMD), where the demonstrated inhibition of both complement (C5) and VEGF by nomacopan may provide a new treatment option.Lung program focused on treating exacerbations in diseases including COVID-19 pneumonia and severe asthma where both complement (C5) and leukotriene (LTB4) are implicated and where nomacopan can be potentially delivered...

Baytex to Present at TD Securities Virtual Energy Conference

Written by Customer Service on June 29, 2021. Posted in Public Companies.

CALGARY, Alberta, June 29, 2021 (GLOBE NEWSWIRE) — Baytex Energy Corp. (TSX: BTE) is pleased to announce that Edward LaFehr, President and CEO, will be presenting at the TD Securities Virtual Energy Conference on Tuesday July 6, 2021 at 3:00 pm EDT. Interested parties can listen to the webcast via the following URL: https://www.veracast.com/webcasts/tds/energy2021/v286ji.cfm A replay will be available on the Baytex website, www.baytexenergy.com, for six months following the presentation. Baytex Energy Corp. is an oil and gas corporation based in Calgary, Alberta. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Approximately 81% of Baytex’s production is weighted toward crude oil and natural gas...

LMP Automotive Holdings, Inc. Announces First Quarter Financial Results And Provides Second Quarter Internal Outlook

Written by Customer Service on June 29, 2021. Posted in Public Companies.

First Quarter 2021 HighlightsAll financial comparisons stated below are versus Q-1 2020, unless otherwise noted.Revenue increased $27.7M to $33.0M Overall Gross Profit increased by $5.5M to $6.0M Gross Profit Margin increased by 8.9% to 18.2% Adjusted EBITDA1increased by $3.1M to $1.9M or $0.19 per share Adjusted Net Income was $1.3M or $0.13 per share Cash increased by $1.3M to $19.4M Adjusted Shareholder Equity increased by $18.3M to $47.5MSecond Quarter 2021 Internal OutlookSecond quarter 2021 internal outlook data stated below are approximations and could vary based on actual results.Revenue – $147.6M Overall Gross Profit – $26.7M Gross Profit Margin – 18.1% Cash – $25.1M Adjusted EBITDA – $10.3M or $1.03 per shareFORT LAUDERDALE, Fla., June 29, 2021 (GLOBE NEWSWIRE) — LMP Automotive...

Pipestone Energy Corp. Reports Voting Results of Annual Shareholder Meeting and Issues Inaugural ESG Report

Written by Customer Service on June 29, 2021. Posted in Public Companies.

CALGARY, Alberta, June 29, 2021 (GLOBE NEWSWIRE) — Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report the results of its annual shareholder meeting and announce the release of its inaugural Environment, Social and Governance (“ESG”) report. SHAREHOLDER MEETING RESULTS The Company held its 2021 annual and special meeting (the “Meeting”) of the shareholders of Pipestone Energy (the “Shareholders”) today at 9:00 a.m. (Calgary time) virtually. A total of 234,817,972 votes were cast, representing 84.59% of the total 277,591,618 eligible votes, which includes the Company’s issued and outstanding common and preferred share voting rights as of the May 25, 2021 record date for the Meeting. Shareholders approved each of the amended and restated by-law No. 1, the amended and restated long-term incentive plan...

Iovance Biotherapeutics to Host Conference Call and Webcast to Discuss Clinical Data for LN-145 in Non-Small Cell Lung Cancer on June 29, 2021 at 4:30pm ET

Written by Customer Service on June 29, 2021. Posted in Public Companies.

SAN CARLOS, Calif., June 29, 2021 (GLOBE NEWSWIRE) — Iovance Biotherapeutics, Inc. (NASDAQ: IOVA), a late-stage biotechnology company developing novel T cell-based cancer immunotherapies, announced that Management will host a conference call and live audio webcast to discuss the recent clinical data for LN-145 TIL therapy in non-small cell lung cancer today at 4:30 p.m. ET. To participate in the conference call, please dial 1-844-646-4465 (domestic) or 1-615-247-0257 (international) and reference the access code 2989712. The live webcast can be accessed in the Investors section of the Company’s website at www.iovance.com. The archived webcast will also be available for one year in the Investors section at www.iovance.com. About Iovance Biotherapeutics, Inc. Iovance Biotherapeutics aims to improve patient care by making T cell-based...

Sonoro Announces Results of Annual General Meeting

Written by Customer Service on June 29, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, June 29, 2021 (GLOBE NEWSWIRE) — Sonoro Gold Corp., (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP), (“Sonoro” and the “Company”), announces the results of its Annual General Meeting of Shareholders (the “Meeting”) held June 24, 2021, in Vancouver, BC. At the Meeting, shareholders approved all resolutions put before them by management including the election of all director nominees, the re-appointment of the auditors and the approval of the Company’s share incentive plan. Results of Annual General Meeting The shareholders voted to re-elected John M. Darch, Kenneth MacLeod, Neil Maedel, Stephen Kenwood, James Taylor, and Curtis Turner to serve as directors of the Company until the next annual meeting of the shareholders. The shareholders re-appointed Smythe LLP, as the auditors of the Company for the ensuing...

Diversey and Halomine Announce a Strategic Alliance to Drive the HaloFilm Technology Globally

Written by Customer Service on June 29, 2021. Posted in Public Companies.

FORT MILL, S.C., June 29, 2021 (GLOBE NEWSWIRE) — Diversey Holdings, Ltd. (NASDAQ: DSEY), a leading provider of hygiene, infection prevention and cleaning solutions, today announced a strategic alliance with Halomine, Inc.™ and a global exclusive license agreement for their patented HaloFilmTM technology for institutional and food and beverage markets. Halomine, based in the United States, is developing a suite of game-changing, novel, long-acting, anti-microbial products with technologies licensed from Cornell University and Auburn University. The revolutionary and patented HaloFilm technology offers residual disinfection efficacy for up to 30 days when used in combination with a weekly application of a chlorine-based disinfectant, without the requirements for a major change in cleaning routines. This enables residual disinfection...

Day: June 29, 2021

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