Month: August 2021

Abercrombie & Fitch Co. Reports Second Quarter Results

Written by Customer Service on August 26, 2021. Posted in Earnings Releases And Operating Results.

Reports best second quarter operating income and operating margin since 2008, benefiting from omni-channel sales strength, gross profit rate expansion and expense controls NEW ALBANY, Ohio, Aug. 26, 2021 (GLOBE NEWSWIRE) — Abercrombie & Fitch Co. (NYSE: ANF) today announced results for the second quarter ended July 31, 2021. These compare to results for the second quarter ended August 1, 2020. Descriptions of the use of non-GAAP financial measures and reconciliations of GAAP and non-GAAP financial measures accompany this release. Fran Horowitz, Chief Executive Officer, said, “As our customers’ mindset shifted to summer, we continued to deliver on product, voice and experience. Total net sales grew 24% year-over-year, or 3% from 2019. Our largest market, the U.S., had healthy net sales growth of 31% on a one-year and 11% on...

Clear Blue Technologies Announces 2021 Q2 Financial Results

Written by Customer Service on August 26, 2021. Posted in Earnings Releases And Operating Results.

Q2 Revenue increased 138% to $810,406, Gross Margin of 38%, EBITDA of $(833,495) TORONTO, Aug. 26, 2021 (GLOBE NEWSWIRE) — Clear Blue Technologies International Inc. (“Clear Blue”) (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF), the Smart Off-Grid™ Company, today announces its financial results for the quarter ended June 30, 2021, with the following highlights: Key Financial Results (all figures in Canadian dollars) On a Trailing Four Quarter basis:TFQ Revenue was $7,714,708, an 112% increase over the previous TFQ period; Gross profit for TFQ was $2,100,743 or 27.2%, a 138% increase from the previous period ($881,224 or 24.2%); Non-IFRS Adjusted EBITDA for the TFQ was $(3,018,375) compared to $(3,038,214) for the previous TFQ.For the quarterly Q2 2021 results:Q2 quarterly revenues were $810,406, a 138% increase over $340,345 for...

Huadi International Group Co., Ltd. Announces Half-Year 2021 Financial Results

Written by Customer Service on August 26, 2021. Posted in Earnings Releases And Operating Results.

WENZHOU, China, Aug. 26, 2021 (GLOBE NEWSWIRE) — Huadi International Group Co., Ltd. (“HUDI” or the “Company”) (NASDAQ: HUDI), a leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China, today announced its interim financial results for six months ended March 31, 2021. Financial Highlights for the First-Half 2021 For Half-Year Ended March 31($ millions, except per share data) 2021 2020 % ChangeRevenue $29.89 $25.56 16.94%Gross profit $5.35 $6.30 -15.08%Gross margin 17.90% 24.65% -17.65%Operating income $0.68 $3.51 -80.63%Net income (loss) attributable to Huadi International $0.64 $2.65 -75.85%Diluted earnings (loss) per share $0.06 $0.27 -77.78% Revenue increased by 16.94% to $29.89 million for...

Gowest Gold Appoints Dan Gagnon as President & CEO

Written by Customer Service on August 26, 2021. Posted in Public Companies.

Demin Huang Appointed CFO TORONTO, Aug. 26, 2021 (GLOBE NEWSWIRE) — Gowest Gold Ltd. (“Gowest” or the “Corporation”) (TSX VENTURE: GWA) is pleased to announce today the appointment of Mr. Dan Gagnon as President and Chief Executive Officer of the Corporation, effective October 4th. He will replace Interim President and CEO, Mr. Yungang Wu, P. Geo., who will remain a member of Gowest’s Board of Directors and Technical Team. Mr. Gagnon, who is from and lives in Timmins, brings over 30 years of experience in geology and general management from a wide range of operations across Canada. His extensive responsibilities have included all aspects of the mining operations of a number of companies, including operations, milling, maintenance, engineering, mine geology, administration, health safety and environment and community relations,...

NOHO, INC. AND LIFETIME BRANDING AGREE TO EXCHANGE DEBT FOR EQUITY

Written by Customer Service on August 26, 2021. Posted in Public Companies.

$DRNK – NOHO Inc.$DRNK – NOHO AFTER SHOTScottsdale, Arizona, Aug. 26, 2021 (GLOBE NEWSWIRE) — NOHO, Inc. (OTC PINK: DRNK), a Wyoming corporation (the “Company”), announced the following: The Company is proud to announce its agreement with Lifetime Branding Collaborative, LLC to exchange its debt for equity, forging a long-term partnership created to make NOHO a market leader in nutrition. Pursuant to the agreement, Lifetime is forgiving $600,000 in debt in exchange for the Company’s Preferred B and C classes of stock. The transaction results in no immediate dilution to the common stock and the C class shares are non-voting and non-convertible. NOHO’s CEO, David Mersky, said, “This is a great deal for NOHO and Lifetime, and it sends a strong message to the market that NOHO is now positioned to lead...

Aurora Spine Corporation Announces Second Quarter 2021 Financial Results

Written by Customer Service on August 26, 2021. Posted in Earnings Releases And Operating Results.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES CARLSBAD, Calif., Aug. 26, 2021 (GLOBE NEWSWIRE) — Aurora Spine Corporation (“Aurora Spine” or the “Company”) (TSXV: ASG) (OTCQB: ASAPF), a designer and manufacturer of innovative medical devices that improve spinal surgery outcomes, today announced the financial results for the second quarter ended June 30, 2021. All figures are in U.S. dollars. Business HighlightsRevenues for second quarter 2021 increased 53.5% over Q2 2020 to $2.43 million Continue to sell more proprietary Aurora products, 64.5% were proprietary during Q2 of 2021, versus 47.0% in Q2 of 2020. Received Institutional Review Board (IRB) approval to commence registration for multicenter study of its SiLO™ Device for SI Joint Pain. Subsequent to second quarter end, company received FDA...

Jushi Holdings Inc. Completes Previously Announced Acquisition of Licensed Processor in Ohio; Announces Debut of the First in a Series of Cannabis Brands in Ohio

Written by Customer Service on August 26, 2021. Posted in Mergers And Acquisitions.

Solidifies Presence in Ohio Market with High-Quality Cultivation and Processing Assets Sèche Fine Grind is Now Available at Partner Dispensaries across Buckeye State BOCA RATON, Fla., Aug. 26, 2021 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, announced that it has completed its previously announced acquisition of Franklin Bioscience OH, LLC, (“FBS – OH”), a licensed medical cannabis processor in Ohio. FBS – OH operates an 8,000 sq. ft. state-of-the-art processing facility located in Columbus, Ohio. Additionally, the Company has launched a series of upcoming brands and products in the State of Ohio, beginning with the debut of its brand, Sèche, the Company’s fine flower line, which is currently available for purchase at partner...

Kaixin Auto Holdings Signed Binding Term Sheet to Acquire EV Manufacturer

Written by Customer Service on August 26, 2021. Posted in Mergers And Acquisitions.

BEIJING, Aug. 26, 2021 (GLOBE NEWSWIRE) — Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that the Company has reached a binding term sheet to acquire 100% equity of Henan Yujie Times Automobile Co., Ltd. (“Yujie”) through new share issuance. Yujie is a leading Chinese electronic vehicles (“EV”) manufacturer specialized in small size multi-function EVs. The contemplated deal would be the first major M&A transaction following the establishment of Kaixin’s New Energy Vehicle Unit. It marks Kaixin’s official entry into China’s small size EV market, which is forecasted to reach a 10 million vehicles scale over the next 5 years according to Yujie. Established in 2017, Yujie’s smart factory in Mengzhou, Henan has an annual production capacity of 150,000 vehicles and achieved a substantial production...

Discovery Reports Q2 2021 Financial Results and Update

Written by Customer Service on August 26, 2021. Posted in Earnings Releases And Operating Results.

TORONTO, Aug. 26, 2021 (GLOBE NEWSWIRE) — Discovery Silver Corp. (TSX-V: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce its financial results for the three months ended June 30, 2021 (“Q2 2021”), and to provide a summary of key events for the quarter and subsequent to quarter-end. All amounts are presented in Canadian dollars (“C$”) unless otherwise stated. Discovery’s flagship project is our 100%-owned Cordero project (“Cordero” or the “Project”) located in Chihuahua State, Mexico. We are aggressively advancing the Project through a 66,000 metre (“m”) drill program in 2021 focused on delineating a high-margin silver project with size and scaleability. HIGHLIGHTS FROM Q2 2021 & SUBSEQUENT EVENTS: Financial: As at June 30, 2021, we had a cash and cash equivalents and short term investment balance...

Malibu Boats, Inc. Announces Record Fourth Quarter and Fiscal 2021 Results

Written by Customer Service on August 26, 2021. Posted in Earnings Releases And Operating Results.

LOUDON, Tenn., Aug. 26, 2021 (GLOBE NEWSWIRE) — Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the fourth quarter and fiscal year ended June 30, 2021. Fiscal Fourth Quarter 2021 Highlights Compared to Fiscal Fourth Quarter 2020Net sales increased 133.2% to $276.7 million Unit volume increased 110.7% Gross profit increased 193.9% to $69.2 million Net income increased 437.1% to $35.0 million Adjusted EBITDA increased 272.2% to $57.6 million Net income available to Class A Common Stock per share (diluted) increased 451.7% to $1.60 per share Adjusted fully distributed net income per share increased 360.0% to $1.84 per share on a fully distributed weighted average share count of 21.7 million shares of Class A Common StockFiscal Year 2021 Highlights Compared to Fiscal Year 2020Net sales increased 41.9%...

Month: August 2021

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