W&T Offshore Announces Second Quarter 2021 Results

Written by Customer Service on August 3, 2021. Posted in Public Companies.

HOUSTON, Aug. 03, 2021 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the second quarter 2021. Key highlights included: Produced 40,888 barrels of oil equivalent per day (“Boe/d”), or 3.7 million Boe (45% liquids), in the second quarter of 2021, above the midpoint of W&T’s guidance range and reflecting a 3% increase from the first quarter of 2021; Reported net loss of $51.7 million or $0.36 per share and Adjusted Net Income1 of $2.2 million or $0.02 per share in the second quarter of 2021; Generated Adjusted EBITDA1 of $49.8 million for the second quarter of 2021; Generated Free Cash Flow1 of $18.7 million in the second quarter of 2021; for the first half of 2021 W&T has generated $58.7 million of free cash flow; Reported mid-year...

Mercer International Inc. Receives Bankruptcy Court Sales Order Approval to Acquire a CLT Facility

Written by Customer Service on August 3, 2021. Posted in Public Companies.

NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) — Mercer International Inc. (Nasdaq: MERC). The Company is pleased to announce that today it received approval from the applicable Bankruptcy Court for a sales Order approving the acquisition by its wholly-owned subsidiary of a state-of-the-art CLT manufacturing facility located at Spokane, Washington (the “Facility”) for a price of $50 million, subject to customary adjustments. The closing of the sale is scheduled to occur shortly. About the Facility: The Facility: is located on 54 acres of land near Spokane and has an area of about 270,000 square feet; is equipped with state-of-the-art extensive automation technologies including one of the largest CLT presses in the world; has capacity of approximately: (a) 13 million sq. ft. of 5-ply panels annually or 140,000 cubic...

Sonic Foundry Secures a $3 Million Line of Credit from U.S. Bank National Association

Written by Customer Service on August 3, 2021. Posted in Public Companies.

MADISON, Wis., Aug. 03, 2021 (GLOBE NEWSWIRE) — MADISON, Wis. — August 3, 2021 (GLOBE NEWSWIRE) — Sonic Foundry, Inc. (OTC Pink Sheets: SOFO), the trusted leader for video creation, management solutions as well as virtual and hybrid events, today announced that the company has obtained a new $3 million secured revolving credit facility with U.S. Bank National Association. The new agreement maintains a maximum availability of $3 million or the applicable borrowing base and bears interest at an annual rate equal to the one-month LIBOR plus 1.35% through July 28, 2022. “We are very pleased to announce the closing of our new revolving credit facility with U.S. Bank,” said Joe Mozden Jr., CEO, Sonic Foundry. “This new line of credit supports our vision and prospects for creating substantial growth by investing in new markets and...

EarthRenew Announces First 6 Months Revenue and Option Grant

Written by Customer Service on August 3, 2021. Posted in Public Companies.

TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) — EarthRenew Inc. (CSE: ERTH; OTCQB: VVIVF; Frankfurt:WIMN) (“EarthRenew” or the “Company”) today announced that its wholly owned subsidiary, Replenish Nutrients Ltd. (“Replenish”), which was acquired by EarthRenew on May 1, 2021, is reporting revenue for the period of January to June 30 2021 of $4.3 million. Replenish is also reporting revenue for the 12 month period July 2020 to June 2021 of $9 million. Since the closing of the acquisition, Replenish Nutrients reports $1.4 million in revenue. CEO Keith Driver commented, “We continue to see the strategic growth from the Replenish Nutrients acquisition and the growth in revenue from regenerative agriculture inputs. We are moving ahead with the expansion of the Replenish’s Bieseker facility to expand production capacity in short order and...

STEP Energy Services Ltd. Extends and Amends Its Credit Facilities

Written by Customer Service on August 3, 2021. Posted in Public Companies.

CALGARY, Alberta, Aug. 03, 2021 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (“STEP”) is pleased to announce that it has entered into an agreement with its lenders to both extend and amend its credit facilities. The maturity date of STEP’s credit facilities has been extended by 13 months, from June 25, 2022 to July 30, 2023. As well, covenant relief provisions therein have been extended, permitting a maximum Funded Debt to EBITDA Ratio of 3.50:1, and a maximum Interest Coverage Ratio covenant of 3.00:1, for the fiscal quarter ending June 30, 2022. STEP’s Executive Vice President and Chief Financial Officer, Michael Kelly, commented, “We are very pleased with and thankful for the continued support of our banking partners. Debt reduction has been a focus for STEP and since October 2018 we have repaid almost $115 million, reducing...

Stingray Reports First Quarter 2022 Results

Written by Customer Service on August 3, 2021. Posted in Public Companies.

First Quarter Highlights Revenues increased 23.9% to $64.8 million from $52.3 million, reflecting the gradual easing of COVID-19 restrictions and the return to normal commercial operations Organic growth of close to 2.0% in Broadcast and Recurring Commercial Music revenues(1), excluding the impact of foreign exchange, and strong organic growth of 11.6% in the United States Adjusted EBITDA(2) decreased slightly to $24.2 million from $25.5 million Cash flow from operating activities decreased 57.0% to $16.3 million compared to $38.0 million Adjusted free cash flow(4) decreased 16.8% to $15.0 million, or $0.21 per share, compared to $18.0 million or $0.25 per share Net debt to Pro Forma Adjusted EBITDA(5) ratio of 2.88x 643,000 shares repurchased and cancelled during the quarter for a total of $4.7 million 572,000 streaming subscribers,...

Aquestive Therapeutics Reports Second Quarter 2021 Financial Results, Provides Business Update and Raises Full Year Revenue Guidance

Written by Customer Service on August 3, 2021. Posted in Public Companies.

Libervant™ NDA resubmission accepted, PDUFA goal date of December 23, 2021 On track to report top-line data from Phase 1 study for AQST-109 epinephrine sublingual film in second half 2021 Increases full year revenue guidance Hosts conference call at 8:00 a.m. ET on August 4, 2021 WARREN, N.J., Aug. 03, 2021 (GLOBE NEWSWIRE) — Aquestive Therapeutics, Inc. (NASDAQ:AQST), a pharmaceutical company focused on developing and commercializing differentiated products that address patients’ unmet needs and solve therapeutic problems, today reported financial results for the second quarter ended June 30, 2021 and provided an update on recent developments in its business. “We continue to make progress, as committed, on the key value drivers for Aquestive. The FDA has accepted for filing the NDA for Libervant and assigned a PDUFA target goal...

Ms. Helen Hovenga Joins Telix as Chief People Officer

Written by Customer Service on August 3, 2021. Posted in Public Companies.

MELBOURNE, Australia, Aug. 03, 2021 (GLOBE NEWSWIRE) — Telix Pharmaceuticals Limited (ASX: TLX, ‘Telix’, the ‘Company’) is pleased to announce that Ms. Helen Hovenga has joined the Telix executive team in the role of Chief People Officer (CPO). Helen joins from the Peter MacCallum Cancer Centre where she was Executive Director of People and Culture, overseeing 3,500 health practitioners and research employees. Helen brings over 25 years’ experience in global human resources and business, gained across large multinationals, private equity firms, and ASX listed companies. Her sector experience spans public health, finance, manufacturing, mining, automotive and retail, with household names including Afterpay, Coles, Mars, Myer, Newcrest, Toyota and VicSuper. Helen holds a Master of Business (HR) from Charles Sturt University, a Graduate...

Gold Standard Ventures Provides Exploration Update and Strengthens Technical Team

Written by Customer Service on August 3, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, Aug. 03, 2021 (GLOBE NEWSWIRE) — Gold Standard Ventures Corp. (NYSE AMERICAN: GSV) (TSX: GSV) (“Gold Standard” or the “Company”) today announced drill results from reverse circulation (“RC”) holes and core drilling during 2020 at the POD and Sweet Hollow oxide gold deposits and a Central Bullion skarn target. Key Exploration Highlights: 21 RC drill holes were completed as step outs to the current oxide resources at POD and Sweet Hollow. The oxide mineralization result reported in RR20-04 (12.1m @ 2.07 g Au/t) extends known mineralization by 30 to 60 meters. Elevated silver grades were encountered in the drilling of up to 130 g Ag/t. Currently, silver is not modeled in the resources at POD and Sweet Hollow. Five drill holes were completed at the historical Central Bullion mining district, focused on...

Finning reports Q2 2021 results and increases dividend

Written by Customer Service on August 3, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, Aug. 03, 2021 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning”, “the Company”, “we”, “our” or “us”) reported second quarter 2021 results today. All monetary amounts are in Canadian dollars unless otherwise stated. HIGHLIGHTSAll comparisons are to Q2 2020 results unless indicated otherwise. Q2 2021 EPS(1) of $0.56 per share was a record second quarter EPS performance. Q2 2021 revenue of $1.8 billion and net revenue(2) of $1.7 billion were up 30% and 28%, respectively, from Q2 2020 which was impacted by COVID-19-related reduction in market activity. Compared to Q1 2021, net revenue was up 16%, driven by strong recovery in new equipment demand in all regions and market sectors. Q2 2021 SG&A(1) as a percentage of net revenue(2) was 18.3%, reflecting savings from our 2020 cost reduction...

Day: August 3, 2021

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