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Day: August 12, 2021

Vincerx Pharma Reports Second Quarter 2021 Financial Results and Provides a Corporate Update

First patient dosed in Phase 1b study of VIP152 in MYC-driven relapsed or refractory aggressive lymphomas and advanced solid tumors Phase 1b dose escalation study of VIP152 in patients with CLL relapsed/refractory to venetoclax and BTK inhibitors on track to initiate in 2H2021 PALO ALTO, Calif., Aug. 12, 2021 (GLOBE NEWSWIRE) — Vincerx Pharma, Inc. (Nasdaq: VINC), a biopharmaceutical company aspiring to address the unmet medical needs of patients with cancer through paradigm-shifting therapeutics, today reported financial results for the second quarter ended June 30, 2021 and provided a corporate update. “During the past quarter, we achieved an important milestone in dosing the first patient in our Phase 1b study of VIP152, our selective PTEFb/CDK9 inhibitor, in MYC-driven indications, building upon the compelling signals of monotherapy...

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Ideal Power Reports Second Quarter 2021 Financial Results

AUSTIN, Texas, Aug. 12, 2021 (GLOBE NEWSWIRE) — Ideal Power Inc. (“Ideal Power” or the “Company”) (Nasdaq: IPWR), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bi-directional power switches, reported results for its second quarter ended June 30, 2021. “Our recent announcements of test and evaluation collaborations with leaders in the electric vehicle (EV), uninterruptible power supplies (UPS) for data centers and renewable energy markets represent the launch of our commercialization of B-TRAN™,” stated Dan Brdar, President and Chief Executive Officer of Ideal Power. “These customer engagements are a crucial step forward in establishing B-TRAN™ as a differentiated semiconductor architecture technology addressing a large and growing market. We are also partnering with Diversified...

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ELMS Announces Second Quarter 2021 Financial Results

Urban Delivery is on track to be the first Class 1 commercial electric vehicle in the U.S., with start of production confirmed for the third quarter this year. Continued strong demand for the Urban Delivery and actively working to finalize order commitments. Completed business combination to become a publicly traded company, with approximately $294 million of capital raised. Acquired EV manufacturing facility with up to 100,000-unit annual capacity in Mishawaka, Indiana. Strategic supply chain in place, production schedule set for 2021 with an updated volume target of 1,000 units. ELMS engineering center established and staffed for vehicle integration, design and launch of commercial EV products.TROY, Mich., Aug. 12, 2021 (GLOBE NEWSWIRE) — Electric Last Mile Solutions, Inc. (NASDAQ: ELMS; ELMSW) (“ELMS” or the “Company”), a...

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Aspira Women’s Health Reports Second Quarter 2021 Financial Results

Total Revenue Increased 141% to $1.8 million; OVA1 Volume Grew 85% to 4,553 Accessions New Publication Demonstrates OVA1 Superiority to Standard of Care Expanded Access of OVA1 Through AIM Specialty Health Conference Call and Webcast Today at 4:30 p.m. ET AUSTIN, Texas, Aug. 12, 2021 (GLOBE NEWSWIRE) — Aspira Women’s Health Inc. (“Aspira”) (Nasdaq: AWH), a bio-analytical based women’s health company focused on gynecologic disease, today reported its financial results for the second quarter ended, June 30, 2021. “We are pleased with the volume growth in our products as the economy has somewhat emerged from COVID-19 restriction as well as with the advancement of our preparations for our fourth quarter 2021 launch of OVASight,” indicated Valerie Palmieri, Chief Executive Officer. “We are making positive progress on our product collaboration...

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VirTra Reports Second Quarter 2021 Financial Results

Total Revenue up 90%, Gross Profit Increases by 99%, and Backlog Grows to a Record $17.0 Million TEMPE, Ariz. , Aug. 12, 2021 (GLOBE NEWSWIRE) — VirTra, Inc. (NASDAQ: VTSI) (“VirTra”), a global provider of training simulators for the law enforcement, military, educational and commercial markets, reported results for the second quarter and six months ended June 30, 2021. The financial statements are available on VirTra’s website and here. Second Quarter 2021 Financial Highlights:Total revenue increased 90% to $5.3 million Gross profit increased 99% to $3.1 million, or 60% of total revenue Net income increased to $529,400 Adjusted EBITDA increased to $1.0 million Backlog increased 6% sequentially and 19% year-over-year to a record $17.0 million as of June 30, 2021 Unrestricted cash and cash equivalents totaled $23.8 millionSix...

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Vivos Therapeutics Reports Second Quarter 2021 Financial Results and Operational Update

Second Quarter Revenue Increased Over 37% Year-Over-Year and 30% Over Q1 2021 Management to Host Conference Call Today at 5:00 pm ET HIGHLANDS RANCH, Colo., Aug. 12, 2021 (GLOBE NEWSWIRE) — Vivos Therapeutics, Inc. (“the Company”) (NASDAQ: VVOS), a medical technology company focused on developing and commercializing innovative diagnostic and treatment modalities for patients suffering from sleep-disordered breathing, including mild-to-moderate obstructive sleep apnea (OSA), today reported financial results and operating highlights for the second quarter and six months ended June 30, 2021. Financial and Operating Highlights:Revenue increased 37.5% to $4.5 million for the second quarter of 2021 and was $7.9 million for the six months ended June 30, 2021, compared to $3.3 million and $6.5 million for the three and six months ended...

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Liquidity Services to Participate in the 14th Annual Barrington Research Fall Investment Conference

BETHESDA, Md., Aug. 12, 2021 (GLOBE NEWSWIRE) — Liquidity Services, (Nasdaq:LQDT), the world’s largest B2B e-commerce marketplace for business and government surplus, announced today that Bill Angrick, Co-Founder, Chairman and CEO and Jorge Celaya, Executive Vice President and Chief Financial Officer, will be attending the upcoming Barrington Research Fall Investment Conference on Thursday, September 9th. The virtual conference will feature meetings with senior management from approximately 50 publicly traded companies operating in the broadly defined Consumer, Healthcare, and Media/Technology sectors. Mr. Angrick and Mr. Celaya will conduct individual meetings with investors to discuss how Liquidity Services provides pioneering e-commerce marketplace solutions that continue to power the $100 Billion+ circular economy which benefits...

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Usio Announces Record Second Quarter 2021 Financial Results

Revenue Grows 119% in the Quarter as Compared to the Same Period in 2020, the Fastest Growth Rate in the Company’s History, a Significant Acceleration in Revenue Growth Rate from 73% in the First Quarter Generates Net Income of $218,000, $1.3 Million in Adjusted EBITDA and Positive Operating Cash Flow Raises Guidance:  Fiscal 2021 Revenue Expected to Between $56 and $59 Million, up 98% to 109% from Fiscal 2020 SAN ANTONIO, Aug. 12, 2021 (GLOBE NEWSWIRE) — Usio, Inc: (Nasdaq:USIO), a leading FinTech integrated payment solutions provider, today announced financial results for the second quarter of  2021, which ended June 30, 2021. Louis Hoch, President and Chief Executive Officer of Usio, said, “I am pleased to report another record quarter with revenue growth accelerating to 119%, the fastest ever rate of revenue growth. ...

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LMP Automotive Holdings, Inc. Announces Second Quarter Financial Results

Second Quarter 2021 Highlights All financial comparisons stated below are compared to the second quarter of 2020, unless otherwise noted.Revenue increased $132.3M to $140.0M Overall Gross Profit increased by $25.0M to $26.4M Gross Profit Margin increased by 0.9% to 18.9% Adjusted Net Income1was $8.6M or $0.86 per share Adjusted EBITDA1increased by $10.3 M to $11.1M or $1.10 per share Cash increased by $6.7M to $24.3M Adjusted Shareholder Equity1 increased by $17.4M to $46.6MFORT LAUDERDALE, Fla., Aug. 12, 2021 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today reported its second quarter financial results. Management will hold a conference call at 4:30p.m. ET today to review and discuss the Company’s...

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Latch Reports Second Quarter 2021 Financial Results

Total Bookings of $95.8 million, up 102% year-over-year Total Booked ARR of $48.8 million, up 122% year-over-year Revenue of $9.0 million, up 227% year-over-yearNEW YORK, Aug. 12, 2021 (GLOBE NEWSWIRE) — Latch, Inc. (NASDAQ: LTCH) (“Latch” or the “Company”), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today reported financial results for the three and six months ended June 30, 2021. “Latch continues to see powerful demand for our products that drove a sharp acceleration in Total Bookings and revenue growth in the first half of the year,” said Luke Schoenfelder, Latch Co-Founder, CEO, and Chairman of the Board of Directors. “These results underscore the increasing needs within the market for our industry leading software, product ecosystem, and the tangible value they create for our customers....

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