Day: August 11, 2021

BM Technologies Reports Record Results for Second Quarter & First Half of 2021

Written by Customer Service on August 11, 2021. Posted in Earnings Releases And Operating Results.

Q2 2021 Core EBITDA of $5.2M, an 11x Increase YOY Ending Serviced Deposits Increased 137% YOY to $1.6 billion RADNOR, Pa., Aug. 11, 2021 (GLOBE NEWSWIRE) — BM Technologies Inc. (NYSE American: BMTX) (“BM Technologies,” “BMTX,” “we,” or the “Company”) one of the largest digital banking platforms in the country, today reported record results for the first half of 2021. FINANCIAL HIGHLIGHTSQ2 2021 GAAP revenues of $22.9 million, a 48% increase compared to Q2 2020. Q2 2021 core1 revenues were $22.7 million, a 46% increase compared to Q2 2020. Q2 2021 GAAP net loss of $1.8 million due to a $3.1 million noncash loss on the revaluation of the private warrant liability. Core earnings1 were $1.2 million in Q2 2021, or $0.10 per diluted share, compared to a core net loss of $4.1 million, or -$0.67 per diluted share in Q2 2020. Q2 2021...

Matterport Announces Record Second Quarter 2021 Financial Results

Written by Customer Service on August 11, 2021. Posted in Earnings Releases And Operating Results.

Matterport reports record revenue of $30 million, 10% sequential increase Subscription revenue jumps 53% to $15 million from year-ago period Total subscribers increased 158% to 404,000 from year-ago periodSUNNYVALE, Calif., Aug. 11, 2021 (GLOBE NEWSWIRE) — Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended June 30, 2021. “We are thrilled to report another record quarter with strong subscriber and subscription revenue pushing revenue up 10% sequentially, demonstrating our continued momentum,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport. “It was another quarter of strong execution across all vectors as we announced significant industry partnerships, expanded our service offerings,...

ElectraMeccanica Reports Second Quarter 2021 Financial Results

Written by Customer Service on August 11, 2021. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, Aug. 11, 2021 (GLOBE NEWSWIRE) — ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles, reported financial results for the second quarter ended June 30, 2021 in conjunction with the filing of its Quarterly Report on Form 6-K earlier today. Recent Company HighlightsIn August, ElectraMeccanica’s flagship SOLO EV was showcased to former Michigan Governor and current U.S. Secretary of Energy Jennifer Granholm at the U.S. headquarters of its engineering partner FEV North America in Auburn Hills, MI. The Secretary’s visit came as part of a broader tour through several southeastern Michigan manufacturing facilities. During the quarter, ElectraMeccanica took possession of its temporary processing, delivery and inspection facility...

Seneca Foods Reports Sales and Earnings for the Three Months Ended July 3, 2021

Written by Customer Service on August 11, 2021. Posted in Earnings Releases And Operating Results.

MARION, N.Y., Aug. 11, 2021 (GLOBE NEWSWIRE) — Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the three months ended July 3, 2021. Highlights (vs. year-ago, year-to-date results):Net sales for the first quarter of fiscal 2022 totaled $235.0 million compared to $288.2 million for the prior quarter. The year-over-year decrease in sales resulted from a $24.2 million decrease due to the divesture of our prepared foods business, a $28.5 million decrease from a volume variance and a $0.5 million decrease from a pricing/mix variance. Gross margin as a percentage of net sales is 14.3% in 2022 as compared to 16.9% in 2021.“Overall, the first quarter of 2022 was as we expected. A comparison to prior year is difficult as COVID-driven panic buying commenced last year. However, for the first quarter...

Crescent Capital BDC, Inc. Reports Second Quarter 2021 Financial Results; Declares a Third Quarter 2021 Regular Dividend of $0.41 per Share

Written by Customer Service on August 11, 2021. Posted in Earnings Releases And Operating Results.

LOS ANGELES, Aug. 11, 2021 (GLOBE NEWSWIRE) — Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $11.0 million, or $0.39 per share, and adjusted net investment income of $14.8 million, or $0.53 per share,1 for the quarter ended June 30, 2021. Reported net asset value per share was $20.98 at June 30, 2021 as compared to $20.24 at March 31, 2021. The Company announced that its Board of Directors declared a regular cash dividend for the third quarter 2021 of $0.41 per share, which will be paid on October 15, 2021 to stockholders of record as of the close of business on September 30, 2021. Selected Financial Highlights($ in millions, except per share amounts) As of and for the Three Months EndedJune 30, 2021 March 31, 2021 June 30, 2020Investments, at fair...

EnerSys Reports First Quarter Fiscal 2022 Results

Written by Customer Service on August 11, 2021. Posted in Earnings Releases And Operating Results.

READING, Pa., Aug. 11, 2021 (GLOBE NEWSWIRE) — EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today results for its first quarter of fiscal 2022, which ended on July 4, 2021.First Quarter FY 22 Highlights Net sales of $815M up 16% vs. Q1’21 Q1’22 backlog growth of $157M GP 24% includes recent inflation pressure Supply chain slowed Q1 shipments and earningsCredit Facility amended and extended to 2026 Bank debt leverage at 1.95X TPPL capacity of $300M per quarter on track Solid progress on new product initiativesKey Results from Operations by Segments ($ in millions) Q1 FY22 Q1 FY21 % Change Energy Systems Net Sales $ 371.2 $ 353.4 5.0 % Operating Earnings 7.1 22.0 (67.8 ) Adjusted Operating...

Fossil Group, Inc. Reports Second Quarter 2021 Financial Results; Raises Full Year Outlook

Written by Customer Service on August 11, 2021. Posted in Earnings Releases And Operating Results.

RICHARDSON, Texas, Aug. 11, 2021 (GLOBE NEWSWIRE) — Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the second quarter ended July 3, 2021. Second Quarter Fiscal 2021 SummaryWorldwide net sales of $411 million increased 59%, or 51% on a constant currency basis. Net sales performance was strong in all three regions, led by a 64% increase in the Americas on a constant currency basis and continued momentum in mainland China, which recorded net sales growth of 38% on a constant currency basis.Net sales through all digital channels grew 10% and 82%, on a constant currency basis, compared to the second quarter of fiscal 2020 and 2019, respectively, and represented 41% of worldwide net sales.Operating income of $14 million compared to an operating loss of $37 million a year ago.Total liquidity of $294 million,...

Trean Insurance Group Reports Second Quarter 2021 Results

Written by Customer Service on August 11, 2021. Posted in Earnings Releases And Operating Results.

– 43% Year-over-Year Growth in Second Quarter 2021 Gross Written Premiums to $156.6 Million – – 124% Year-over-Year Growth in Second Quarter Net Earned Premium to $47.9 Million – – Net Income of $2.1 Million, Diluted Earnings per Share of $0.04 – – Adjusted Net Income of $4.3 Million, Adjusted Diluted Earnings per Share of $0.08 – WAYZATA, Minn., Aug. 11, 2021 (GLOBE NEWSWIRE) — Trean Insurance Group, Inc. (Nasdaq: TIG) (“Trean” or the “Company”), a leading provider of products and services to the specialty insurance market, today reported results for the second quarter ended June 30, 2021. “We have firmly established ourselves as a ‘growth company’,” stated Andrew M. O’Brien, Chief Executive Officer of Trean. “We have developed a unique business model within the multi-billion dollar...

Aveanna Healthcare Holdings Announces Second-Quarter 2021 Financial Results

Written by Customer Service on August 11, 2021. Posted in Earnings Releases And Operating Results.

Revenue Increased 24.0% to $436.1 Million Gross Margin Increased 37.5% to $146.6 Million Net Income of $1.3 Million, or $0.01 per Diluted Share Adjusted Net Income per Diluted Share of $0.10 Adjusted EBITDA Increased 30.6% to $48.8 Million ATLANTA, Aug. 11, 2021 (GLOBE NEWSWIRE) — Aveanna Healthcare Holdings, Inc. (NASDAQ: AVAH), a leading, diversified home care platform focused on providing care to medically complex, high-cost patient populations, today announced financial results for the three and six-month periods ended July 3, 2021. Tony Strange, Chief Executive Officer, commented “We are very pleased with the progress that we’ve made on all fronts during the second quarter, delivering robust top and bottom line growth and building on the solid results reported in the first quarter. The integration of Doctor’s Choice...

mdf commerce inc. to become a public eProcurement leader in North America with the transformational acquisition of Periscope

Written by Customer Service on August 11, 2021. Posted in Mergers And Acquisitions.

mdf commerce delivers on its vision to become a leading player enabling the flow of commerce for the B2B and B2G markets Approximately $259.9 million acquisition of a fully integrated end-to-end public eProcurement platform servicing the full spectrum of U.S. state and local government agencies Opportunity to offer Periscope’s eProcurement solutions to mdf commerce’s existing Canadian and U.S. government agency customersExpands geographic presence and product offering with access to new states and an innovative transaction fee solution providing highly scalable and attractive economics Highly synergistic acquisition expected to provide significant revenue and cost saving opportunities Acquisition provides a compelling combined financial profile and is expected to contribute positively to combined cash flow per share1 Bought deal public...

Day: August 11, 2021

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