Month: November 2021

SANTA CLARA, Calif., Nov. 30, 2021 (GLOBE NEWSWIRE) — Ambarella, Inc. (NASDAQ: AMBA), an AI vision silicon company, today announced financial results for its third quarter of fiscal year 2022 ended October 31, 2021.Revenue for the third quarter of fiscal 2022 was $92.2 million, up 64% from $56.1 million in the same period in fiscal 2021. For the nine months ended October 31, 2021, revenue was $241.6 million, up 50% from $160.8 million for the nine months ended October 31, 2020. Gross margin under U.S. generally accepted accounting principles (GAAP) for the third quarter of fiscal 2022 was 62.5%, compared with 62.0% for the same period in fiscal 2021. For the nine months ended October 31, 2021, GAAP gross margin was 62.4%, compared with 60.8% for the nine months ended October 31, 2020. GAAP net profit for the third quarter of...

GLYFADA, Greece, Nov. 30, 2021 (GLOBE NEWSWIRE) — Globus Maritime Limited (“Globus”, the “Company”, “we”, or “our”) (NASDAQ: GLBS), a dry bulk shipping company, today reported its unaudited consolidated operating and financial results for the quarter and nine-month period ended September 30, 2021. Financial HighlightsIn 9M2021, Total revenues increased by about 217% compared to 9M2020. For the 9M2021 the Total comprehensive income amounted to $4.8 million compared to a Total comprehensive loss of $14.5 million for 9M2020. The Adjusted EBITDA for 9M2021 increased by about 14.3 million compared to 9M2020. As at September 30, 2021, and December 31, 2020, our cash and bank balances and bank deposits (including restricted cash) were $67.9 and $21.1 million, respectively, an increase of 222%. As at September 30, 2021, the total outstanding...

NEW YORK, Nov. 30, 2021 (GLOBE NEWSWIRE) — Stronghold Digital Mining, Inc. (Nasdaq: SDIG) (“Stronghold,” or the “Company”) today reported financial results for its third quarter ended September 30, 2021 and provided an operational update. Third Quarter and Recent Operational and Financial HighlightsRemoved approximately 106,000 tons of coal refuse and returned approximately 64,500 tons of beneficial use ash to waste coal piles during the quarter, facilitating the remediation of these sites Closed upsized initial public offering (“IPO”) on October 22, 2021, generating net proceeds of approximately $132.5 million Closed acquisition of Panther Creek Plant on November 2, 2021, increasing owned power generation capacity to approximately 165 megawatts (“MW”) As of November 29, 2021, has received nearly 6,000 miners with total hash...

First Quarter HighlightsRevenue grows 62% year-over-year to $230.5 million Calculated billings grows 71% year-over-year to $247.7 million Deferred revenue grows 74% year-over-year to $647.8 million GAAP net loss of $90.8 million compared to GAAP net loss of $55.0 million on a year-over-year basis Non-GAAP net income of $21.0 million compared to non-GAAP net income of $20.0 million on a year-over-year basisSAN JOSE, Calif., Nov. 30, 2021 (GLOBE NEWSWIRE) — Zscaler, Inc. (Nasdaq: ZS), the leader in cloud security, today announced financial results for its first quarter of fiscal year 2022, ended October 31, 2021. “CISOs and CIOs are looking to phase out legacy network security in favor of zero trust architecture, due to increasing cyber and ransomware risks and accelerating digital transformation. This architecture shift...

Record Adjusted Gross and Adjusted EBITDA Margins MALTA, N.Y., Nov. 30, 2021 (GLOBE NEWSWIRE) — GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced financial results for the third quarter ended September 30, 2021. Key Third Quarter Financial HighlightsRevenue of $1.7 billion, up 5% sequentially, reflecting ongoing demand for our differentiated technologies Record gross margins of 17.6% and adjusted gross margins of 18%. Record adjusted EBITDA margins of 30% which grew 84% year-over-year demonstrating continued progress to our target operating model. Cash flows from operations of $1.1 billion.“The third quarter marked the ongoing acceleration of our strategy to lead in the pervasive semiconductor market and demonstrated continued progress towards our target financial model,” said Tom Caulfield, CEO of GF. “Our revenue growth...

ALHAMBRA, Calif., Nov. 30, 2021 (GLOBE NEWSWIRE) — EMCORE Corporation (Nasdaq: EMKR), a leading provider of advanced mixed-signal products that serve the aerospace and defense, communications, and sensing markets, today announced results for the fiscal 2021 fourth quarter (4Q21) and full fiscal year (FY21) ended September 30, 2021. Management will host a conference call to discuss financial and business results tomorrow, Wednesday, December 1, 2021, at 8:00 AM Eastern Time (ET). For 4Q21, consolidated revenue was $44.0 million, comprised of $11.7 million from the Aerospace and Defense (A&D) segment and $32.2 million from the Broadband segment. Net income was $5.1 million and $6.8 million on a GAAP and non-GAAP basis, respectively. Adjusted EBITDA was $7.8 million. For FY21, consolidated revenue was $158.4 million, comprised...