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Month: September 2021

Tactile Medical Announces Acquisition of AffloVest®

Further expands the Company’s position as a leader in treating patients with underserved chronic conditions in the home Transaction aligns with Tactile Medical’s growth & margin goals, including 20%+ revenue growth, gross margins above 70% and expanding adjusted EBITDA marginsMINNEAPOLIS, Sept. 08, 2021 (GLOBE NEWSWIRE) — Tactile Systems Technology, Inc. (“Tactile Medical” or the “Company”) (Nasdaq: TCMD), a medical technology company focused on developing medical devices for the treatment of underserved chronic diseases at home, today announced it has acquired the assets of the AffloVest respiratory therapy business from International Biophysics Corporation, a privately-held company which developed and manufactures AffloVest. AffloVest is a portable, wearable vest that treats patients with chronic respiratory conditions...

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Intapp Announces Fourth Quarter and Full Fiscal Year 2021 Financial Results

Fourth quarter total revenue of $61.3 million, up 29% year-over-year Fourth quarter SaaS and support revenue of $39.4 million, up 26% year-over-year Cloud annual recurring revenue (ARR) of $109.7 million, up 48% year-over-yearPALO ALTO, Calif., Sept. 08, 2021 (GLOBE NEWSWIRE) — Intapp, Inc. (NASDAQ: INTA), a leading provider of industry-specific, cloud-based software solutions that enable connected professional and financial services firms, announced its financial results for the fiscal fourth quarter and full year ended June 30, 2021. “Intapp has created a unique cloud-based software platform designed specifically for the professional and financial services firms that facilitate the world’s economy,” said CEO John Hall. “In the fiscal fourth quarter of 2021, we delivered strong financial results driven by the continued adoption...

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Avid Bioservices Reports Financial Results for First Quarter Ended July 31, 2021 and Recent Developments

— Recorded First Quarter Revenue of $30.8 Million — — Achieved Fifth Consecutive Quarter of Operational Profitability — —  Signed $23 Million in New Business Orders and Ended the Quarter with a Backlog of $110 Million — — Phase 1 and Phase 2 Expansion Efforts Advancing as Planned — TUSTIN, Calif., Sept. 08, 2021 (GLOBE NEWSWIRE) — Avid Bioservices, Inc. (NASDAQ:CDMO), a dedicated biologics contract development and manufacturing organization (CDMO) working to improve patient lives by providing high quality development and manufacturing services to biotechnology and pharmaceutical companies, today announced financial results for the first quarter of fiscal 2022, ended July 31, 2021. Highlights Since April 30, 2021 “We are pleased to announce another strong quarter.  During the first...

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GameStop Reports Financial Results for Q2 2021

GRAPEVINE, Texas, Sept. 08, 2021 (GLOBE NEWSWIRE) — GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today released financial results for the second quarter ended July 31, 2021. The Company’s condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company’s Form 10-Q and supplemental information can be found at http://investor.GameStop.com. SECOND QUARTER OVERVIEWGenerated net sales of $1.183 billion, compared to $942 million in the prior year’s second quarter.Ended the period with cash and restricted cash of $1.78 billion.Ended the period with no long-term debt, other than a $47.5 million low-interest loan associated with the French government’s pandemic response.Invested in long-term growth initiatives that include expanding the Company’s product catalog, enhancing...

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Concrete Pumping Holdings Reports Third Quarter Fiscal Year 2021 Results

DENVER, Sept. 08, 2021 (GLOBE NEWSWIRE) — Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (the “Company” or “CPH”), a leading provider of concrete pumping and waste management services in the U.S. and U.K., reported financial results for the third quarter ended July 31, 2021. Third Quarter Fiscal Year 2021 Summary vs. Third Quarter of Fiscal Year 2020 (where applicable)Revenue increased 5% to $80.8 million compared to $77.1 million. Gross profit was $37.2 million compared to $37.8 million. Income from operations was $12.2 million compared to $10.8 million. Net income attributable to common shareholders improved to $4.1 million or $0.07 per diluted share, compared to a net loss attributable to common shareholders of $0.2 million or $0.00 per diluted share. Adjusted EBITDA1 was $28.4 million compared to $30.0 million, with adjusted...

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Cullinan Oncology to Participate in Upcoming Investor Conferences

CAMBRIDGE, Mass., Sept. 08, 2021 (GLOBE NEWSWIRE) — Cullinan Oncology, Inc. (Nasdaq: CGEM) (“Cullinan”) today announced its participation in the following upcoming investor conferences:Morgan Stanley 19th Annual Global Healthcare Conference taking place Thursday, September 9th through Wednesday, September 15thCullinan’s CEO, Owen Hughes, will participate in a virtual fireside chat on Monday, September 13th, at 12:30pm ET, and will provide a corporate update at 4:15pm ETH.C. Wainwright 23rd Annual Global Investment Conference on Monday, September 13th through Wednesday, September 15thCullinan’s Chief Development Officer of Biologics, Jennifer Michaelson, will participate in a panel discussion titled “Engineered Cytokines: The Next Big Wave in Immuno-oncology”, which will be broadcast to conference participants on Tuesday,...

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CPS Technologies Corp. Announces New Hermetic Packaging Business from Key Customers

NORTON, Mass., Sept. 08, 2021 (GLOBE NEWSWIRE) — CPS Technologies Corp. (Nasdaq:CPSH), announced today that several recent contract awards have resulted in over $11 million in orders this year for a variety of Hermetic Packages offered by CPS. Michael McCormack, President and Chief Executive Officer of CPS, said, “All three of our product lines continue to perform well. In particular, the performance of the Hermetic Package product line continues to achieve record results in terms of revenue, and bookings adding significantly to CPS’s bottom line. We have several large customers that have selected CPS solutions to meet their rigorous requirements. We are pleased to be selected as their partner of choice in these critical applications.” “The continued growth of Hermetic Packages for use in Aerospace, Defense and Power Electronics,...

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Rhythm Pharmaceuticals Announces Expanded Access Program for Setmelanotide for Patients with Bardet-Biedl Syndrome

Expanded access program may allow access for eligible patients in the United States who have no authorized treatment options BOSTON, Sept. 08, 2021 (GLOBE NEWSWIRE) — Rhythm Pharmaceuticals, Inc. (Nasdaq: RYTM), a commercial-stage biopharmaceutical company committed to transforming the care of people living with rare genetic diseases of obesity, today announced an Expanded Access Program (EAP) for setmelanotide for the treatment of eligible patients in the United States with severe obesity and hyperphagia due to Bardet-Biedl Syndrome (BBS). Rhythm expects to submit to the U.S. Food and Drug Administration (FDA) a supplemental new drug application (sNDA) for setmelanotide for the treatment of adult and pediatric patients 6 years of age and older with hunger and obesity due to BBS by the end of September. “BBS is a serious disease...

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Capital Southwest Supports Eden Capital’s Acquisition of Wall Street Prep Inc.

DALLAS, Sept. 08, 2021 (GLOBE NEWSWIRE) — Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it recently supported Eden Capital′s (“Eden”) acquisition of Wall Street Prep, Inc. (“WSP”) with a revolving credit facility, first lien term loan, and a minority equity co-investment. Capital Southwest led the financing and will act as the sole administrative agent. Main Street Capital Corporation also participated in the investment. “We are excited to partner with Eden Capital on this transaction as they continue to pursue investments in the education and corporate training sector,” said Ryan Kelly, Managing Director of Capital...

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Strongbridge Biopharma plc Announces Shareholder Approval of Proposed Acquisition by Xeris Pharmaceuticals, Inc.

DUBLIN, Ireland and TREVOSE, Pa., Sept. 08, 2021 (GLOBE NEWSWIRE) — Strongbridge Biopharma plc (NASDAQ: SBBP) (the “Company” or “Strongbridge”) today announced that its shareholders have voted to approve the previously announced proposed acquisition of Strongbridge by Xeris Pharmaceuticals, Inc. (NASDAQ: XERS) (“Xeris”). As described below, at least 99 percent of the votes cast at both a special court-ordered meeting of shareholders (the “Court Meeting”) and at an extraordinary general meeting of shareholders (the “EGM”) were in favor of the transaction, representing (in each case) approximately 67 percent of the shares outstanding and eligible to be voted at each of the Strongbridge shareholder meetings held on September 8, 2021 in Pennsylvania, United States of America. Upon close of the transaction, the business of Xeris and...

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