Day: August 10, 2021

Top-line data readouts expected from four Phase 2 trials of oral AMT-101, consistent with previous guidanceCombination trial of AMT-101 with anti-TNFα in moderate-to-severe ulcerative colitis (UC) patients in the fourth quarter of 2021; Monotherapy trial in pouchitis, combination trial with anti-TNFα in rheumatoid arthritis (RA) and monotherapy trial in UC in 2022Phase 1 enrollment on-going for second product candidate, oral AMT-126, with top-line data readout expected in 2022 Strengthened balance sheet with successful follow-on offering in April with net proceeds of approximately $113 million; As of June 30, 2021, cash, cash equivalents, and investments of approximately $200 million Virtual R&D Day planned for October 15, 2021, to discuss platform technology, clinical programs and research activities SOUTH SAN FRANCISCO, Calif.,...

CRN04894 Phase 1 Study Progressing to Multiple Ascending Dose Cohorts Management Hosting Webcast and Conference Call Today to Discuss Findings at 4:30 p.m. Eastern Time SAN DIEGO, Aug. 10, 2021 (GLOBE NEWSWIRE) — Crinetics Pharmaceuticals, Inc. (Nasdaq: CRNX), a clinical stage pharmaceutical company focused on the discovery, development, and commercialization of novel therapeutics for rare endocrine diseases and endocrine-related tumors, today announced positive preliminary findings from the single ascending dose (SAD) portion of a first-in-human Phase 1 clinical study with CRN04894 demonstrating pharmacologic proof-of-concept for this first-in-class, investigational, oral, nonpeptide adrenocorticotropic hormone (ACTH) antagonist that is being developed for the treatment of conditions of ACTH excess, including Cushing’s disease...

– Reports Record Second Quarter Revenue Increased 38% Year-Over-Year to $59.7 million – – System Solutions Revenue Increased 62% to $51.2 million – – Second Quarter Gross Profit Margin Expands More Than 500 bps Year-Over-Year – – Backlog and Awarded Orders at June 30, 2021 Up 63% Versus Last Year – – Reaffirms 2021 Outlook – PORTLAND, Tenn., Aug. 10, 2021 (GLOBE NEWSWIRE) — Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of system (“EBOS”) solutions for solar, battery storage and electric vehicle charging infrastructure, today announced results for its second quarter ended June 30, 2021. “Shoals delivered another record quarter, with revenue growth accelerating to 38% year-over-year and gross margin improving over 500 basis points. System solutions grew 62% year-over-year...

Second Quarter 2021 Revenue Grew 44% Year-Over-Year to $49.9 Million LOS ANGELES, Aug. 10, 2021 (GLOBE NEWSWIRE) — PLBY Group, Inc. (NASDAQ: PLBY) (“PLBY Group” or the “Company”), a leading pleasure and leisure lifestyle company and owner of Playboy, one of the most recognizable and iconic brands in the world, today provided financial results for the second quarter ended June 30, 2021. Ben Kohn, Chief Executive Officer of PLBY Group, stated, “We are pleased to report another successful quarter that demonstrates the powerful combination of our growing direct-to-consumer business, an optimized licensing operation and scalable digital offerings. On the direct-to-consumer side, we saw great traction on Playboy.com with expanded merchandise offerings and strategic influencer marketing. In addition, the second quarter marked continued...

Business HighlightsTotal revenues of $27.4 million for the second quarter of 2021, up 28% over the second quarter of 2020 Analytics revenue of $19.6 million for the second quarter, up 29% over the second quarter of 2020 Bookings for first half of 2021 up approximately 60% compared to the first half of 2020 Backlog ending Q2 2021 up 118% to $138.6 million compared to backlog as of June 30, 2020 GAAP Gross Margin of 61% for the second quarter of 2021 Non-GAAP Gross Margin of 63% for the second quarter of 2021 Operating activities provided $8.1 million in cash during the second quarter of 2021 Ended the quarter with cash, cash equivalents, and short-term investments of $139.2 million Expect total revenues for calendar year 2021 to grow between 20-25% compared to calendar year 2020 Expect Analytics revenue for calendar year 2021 to grow...

BENSALEM, Pa., Aug. 10, 2021 (GLOBE NEWSWIRE) — StoneMor Inc. (NYSE: STON) (“StoneMor” or the “Company”), a leading owner and operator of cemeteries and funeral homes, today reported operating and financial results for the second quarter ended June 30, 2021. Investors are encouraged to read the Company’s quarterly report on Form 10-Q when it is filed with the Securities and Exchange Commission (the “SEC”), which will contain additional details, and will be posted at www.stonemor.com. SECOND QUARTER FINANCIAL PERFORMANCERevenues for the second quarter were $83.0 million compared to $66.6 million in the second quarter in the prior year. Six-month revenues were $161.3 million compared to $131.7 million in the prior year period. Cemetery segment operating income for the second quarter was $14.7 million compared to $7.4 million...

Q2 Gross Merchandise Value Increased 25% Year over Year to $449.6 millionQ2 Total Revenue Grew 22% Year over Year to $81.8 millionQ2 Adjusted EBITDA was $6.1 million with margins of 7.4% REDWOOD CITY, Calif., Aug. 10, 2021 (GLOBE NEWSWIRE) — Poshmark, Inc. (NASDAQ: POSH), a leading social marketplace for new and secondhand style, today announced financial results for the second quarter ended June 30, 2021. The Company posted net revenues of $81.8 million, which is a 22% year-over-year increase from the second quarter of 2020. Gross Merchandise Value (“GMV”) grew 25% year-over-year to $449.6 million, up from $359.7 million in the same period last year. “We delivered another strong quarter and our fifth consecutive quarter of operating profitability, despite difficult comparisons, a testament to the strength of our cohorts and our...

DUBLIN, Ireland, Aug. 10, 2021 (GLOBE NEWSWIRE) — Following the installation of the first HEVO SOLAR units last month at its H2Evora project, Fusion Fuel Green PLC (NASDAQ: HTOO) announced today the successful completion of the first of three rounds of independent performance tests on its HEVO SOLAR technology. The analysis was conducted by Grupo ISQ, an energy engineering and consulting firm based in Portugal. Commenting on test, Jaime Silva, Chief Technology Officer of Fusion Fuel, remarked: “The performance evaluation conducted by ISQ is a critical milestone for us, validating the operation and performance of our HEVO SOLAR system. We are pleased with what we are seeing out of Evora and want to thank the entire technology team who have worked tirelessly to help us get to this point.” Fusion Fuel would also like to announce that...