Day: August 12, 2021

TORONTO, Aug. 12, 2021 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “we,” or the “Company”) announces its financial results for the second quarter ended June 30, 2021. All amounts are stated in United States dollars, unless otherwise indicated. Second Quarter Highlights:Total investment income increased 6% from $1.3 million for the three months ended March 31, 2021 to $1.4 million for the three months ended June 30, 2021 and by 53% for the comparable period in 2020. 59% of total investment income was generated by the management fees and interest income from our acquisitions of the CLO Platform, Alt-CIF Interval Fund and our minority interest in Sierra Crest. Successfully completed our transaction to become the investment advisor of Capitala Finance Corp. and our strategic minority interest in...

HOUSTON, Aug. 12, 2021 (GLOBE NEWSWIRE) — Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported second quarter 2021 financial and operating results and material subsequent events following the end of the quarter through the date of this release.Net cash provided by operations of $2.4 million and $8.0 million for the three and six months ended June 30, 2021, with free cash flow (FCF) of $1.2 million and $6.3 million for the same periods.Realized gas prices of $1.97/Mcf including hedges ($2.00/Mcf excluding hedges), for the three months ended June 30, 2021.Through June 30, 2021 the company returned a total of $1.1 million to shareholders through share repurchases of 264,215 representing a reduction of 1.1% of outstanding shares from December 31, 2020.Marcellus net revenue interest (NRI) gas production...

Revenues of $10.0 million and operating income of $0.3 million for the quarter HAUPPAUGE, N.Y., Aug. 12, 2021 (GLOBE NEWSWIRE) — Forward Industries, Inc. (NASDAQ:FORD), a single source solution provider for the full spectrum of hardware and software product design and engineering services as well as a designer and distributer of carry and protective solutions, today announced financial results for its third fiscal quarter ended June 30, 2021. Third Quarter 2021 Financial HighlightsRevenues were $10.0 million, an increase of 5.3% from $9.5 million for the three months ended June 30, 2020.Gross margin improved to 21.9% compared to 18.6% for the three months ended June 30, 2020.Operating income was $0.3 million compared to an operating loss of $0.2 million for the three months ended June 30, 2020.Net income was $0.2 million...

Second quarter net product sales of $4.5 million, increased over 700% from the second quarter of 2020, and up 30% from the first quarter of 2021 Second quarter licensing revenue of $6.3 million, up 38% year-over-year and up 45% on a sequential quarter basis, driven by acquisition of LOGO Lori Goldstein brand Second quarter net loss of $1.6 million, or $(0.08) per share, on a GAAP basis; net loss of $0.1 million, or $(0.01) per share, on a non-GAAP basis Adjusted EBITDA of $0.9 million for the second quarterNEW YORK, Aug. 12, 2021 (GLOBE NEWSWIRE) — Xcel Brands, Inc. (NASDAQ: XELB) (“Xcel” or the “Company”), a media and consumer products company, today announced its financial results for the second quarter ended June 30, 2021.    Robert W. D’Loren, Chairman and Chief Executive Officer of Xcel commented, “We believe we...

SAN DIEGO, Aug. 12, 2021 (GLOBE NEWSWIRE) — Cidara Therapeutics, Inc. (NASDAQ: CDTX), a biotechnology company developing long-acting therapeutics designed to transform the standard of care for patients facing serious fungal or viral infections, today reported financial results for the second quarter ended June 30, 2021 and provided an update on its corporate activities and product pipeline. “We began the quarter with the announcement of our worldwide license and collaboration agreement with Janssen for the development and commercialization of our Cloudbreak® influenza AVCs,” said Jeffrey Stein, Ph.D., president and chief executive officer of Cidara. “The global market for direct medical treatment of influenza is estimated to be up to $10.4 billion. This important partnership provides key external validation of the significant potential...

TORONTO, Aug. 12, 2021 (GLOBE NEWSWIRE) — All per share figures disclosed below are stated on a diluted basis.         For the periods ended June 30, Three months   Six months  ($ in thousands, except per share amounts)   2021   2020   2021   2020           Net revenue $ 69,960 $ 50,124 $ 134,654 $ 100,025  Expenses   48,761   36,697   95,951   75,785  Operating earnings   21,199   13,427   38,703   24,240  Net gains (losses)   56,467   43,254   98,438   (118,035 )Net earnings (loss) before income taxes   77,666   56,681   137,141   (93,795 )Income tax expense (recovery)   10,835   5,437   19,449   (10,128 )Net earnings (loss) $ 66,831 $ 51,244 $ 117,692 $ (83,667 )         Attributable to shareholders:        Net earnings (loss) $ 65,138 $ 50,486 $ 114,763...