Day: February 16, 2022

LA JOLLA, Calif., Feb. 16, 2022 (GLOBE NEWSWIRE) — Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) reported net income of $16.6 million, or $0.64 per diluted share, for the fourth quarter of 2021 compared to a net loss of $1.8 million, or $0.07 per diluted share, for the fourth quarter of 2020. Adjusted net income(1) was $19.2 million, or $0.74 per diluted share, for the fourth quarter of 2021 as compared to an adjusted net loss of $1.3 million, or $0.05 per diluted share, for the fourth quarter of 2020. Fourth Quarter 2021 HighlightsGross written premiums increased by 56.0% to $149.9 million compared to $96.1 million in the fourth quarter of 2020 Net income of $16.6 million, compared to a net loss of $1.8 million in the fourth quarter of 2020 Adjusted net income(1) of $19.2 million, compared to an adjusted net...

Conference Call Scheduled for Thursday, February 17, 2022 at 1:00 pm ET SAN CLEMENTE, Calif., Feb. 16, 2022 (GLOBE NEWSWIRE) — CareTrust REIT, Inc. (Nasdaq:CTRE) today reported operating results for the quarter and year ended December 31, 2021, as well as other recent events. For the quarter, CareTrust REIT reported:100% of contractual rents collected; Net income of $18.3 million, a 13.3% decrease over the prior year, and net income per share of $0.19; Normalized FFO of $37.3 million, a 9.0% increase over the prior year, and normalized FFO per share of $0.39; Normalized FAD of $39.8 million, an 11.5% increase over the prior year, and normalized FAD per share of $0.41; and A quarterly dividend of $0.265 per share, representing a payout ratio of approximately 65% on normalized FAD.100% Rent Collection & Continued Recovery...

– Fourth Quarter 2021 Net Loss of $0.48 Per Share – – Fourth Quarter 2021 Adjusted Funds from Operations1 of $0.20 Per Share – – Property Level Cash Flow1 up 16% Compared to Third Quarter 2021 – – Comparable Portfolio GOP Margin of 45%, Exceeds Fourth Quarter 2019 – – Resort Portfolio RevPAR 15.7% Above Fourth Quarter 2019 – – Manhattan Weekday RevPAR up 47% Compared to Third Quarter 2021, December Weekend ADR Surpassed December 2019 by 390 basis points – PHILADELPHIA, Feb. 16, 2022 (GLOBE NEWSWIRE) — Hersha Hospitality Trust (NYSE: HT) (“Hersha,” “Company,” “we” or “our”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced results for the fourth quarter ended December 31, 2021. Fourth Quarter 2021 Financial...

Breakthrough product launches including Smartphone Capture and Axis to democratize space capture and drive adoptionTotal subscribers increased 98% to 503,000 from year-ago period Fiscal year 2021 subscription revenue rose 47% year-over-year Annualized recurring revenue (ARR) grew to $66 million Q4 GAAP loss per share of $0.66, Non-GAAP loss per share of $0.10SUNNYVALE, Calif., Feb. 16, 2022 (GLOBE NEWSWIRE) — Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced unaudited financial results for the quarter ended December 31, 2021. “2021 was a pivotal year for Matterport, delivering strong growth as we closed our merger with Gores Holdings VI, Inc. and became a public company on The Nasdaq, gaining industry visibility and balance sheet strength...

PETAH-TIKVA, Israel, Feb. 16, 2022 (GLOBE NEWSWIRE) — Global-E Online Ltd. (Nasdaq: GLBE) the global leader of Direct-To-Consumer cross border eCommerce enablement, today reported financial results for the fourth quarter of 2021 as well as the outlook for the first quarter and the full year 2022. “We finished the year with the strongest quarter in the company’s history, continuing our consistent trend of delivering growth and strong execution, with $82.7 million of revenues in Q4 and $245.3 million for the full year, delivering roughly 80% year-on-year growth in 2021, coupled with further gross margin expansion,” said Amir Schlachet, Founder and CEO of Global-e. “We believe that the opportunity ahead of us remains massive, and that we are well positioned to capture it. We enter 2022 with our teams around the globe firing on all...

Q4 Subscription revenue growth accelerates to 39% year-over-year to $48.6 million Remaining Performance Obligations growth accelerates to 54% year-over-year to $316.2 million ARR from Enterprise-wide DAP customers grew by 92% year-over-year Expanded partner channel with strategic alliance with AccentureSAN FRANCISCO, Feb. 16, 2022 (GLOBE NEWSWIRE) — WalkMe Ltd. (NASDAQ:WKME), a leading provider of digital adoption solutions, today announced financial results for its fourth quarter and year ended December 31, 2021. “We completed 2021 with great momentum by accelerating our subscription revenue landing some great new logos and expanding within some of the largest organizations in the world. Digital adoption is being seen as a must have for CIOs and we are seeing the results with deeper strategic conversations and longer contract...

— Unit sales increase 25 percent and diluted EPS increases 117 percent in Q4; board increases share buyback authorization GRAND RAPIDS, Mich., Feb. 16, 2022 (GLOBE NEWSWIRE) — UFP Industries, Inc. (Nasdaq: UFPI) today announced record net sales and net earnings for the fourth quarter and fiscal year 2021. The company, which passed $8.6 billion in net sales for fiscal 2021, also reported record earnings per diluted share of $8.59, a 115 percent increase over the previous year. During the fourth quarter of fiscal 2021, net sales were $2 billion, a 45 percent increase over the fourth quarter of 2020, while earnings per diluted share were $2.21, a 117 percent increase over the fourth quarter of 2020. “Our new market-focused organizational structure is helping us to better identify growth opportunities, and we are more strategically...

Key HighlightsRevenue increased 12.8% to $132.2 million, representing a combined two-year growth of 23% Revenue generated from clients won since FY16 grew 57%, representing 70% of total revenues Fully diluted earnings per share increased to $0.45, compared to $0.13 in the prior year quarter. Non-GAAP adjusted EBITDA was $17.8 million, compared to $18.0 million in the prior year quarter and up from $11.5 million sequentially Robust and rapid diversification of our client base Net income increased to $8.5 million, compared to $2.5 million in the prior year quarter. Continued 100% retention of our top 20 clients Majority shareholder, TRGI, retired a portion of its share capital and approved a partial transfer of its ownership stake in ibex to its shareholders, which will increase the company’s public float over time Board of Directors approved...

Strong Revenue Growth Drives Financial ResultsHighlights  • Fourth quarter Core revenue grew 3.5% to $518.9 million, or 4.3% in constant currency and 8.0% excluding CoV-2 assay sales  • Fiscal year Core revenue grew 16.1% to $2.01 billion, or 14.6% in constant currency and 15.7% excluding CoV-2 assay sales  • Fourth quarter Operating income was $31.1 million, while Adjusted EBITDA was $127.9 million  • Fiscal year Operating income was $173.9 million, while Adjusted EBITDA was $548.1 million, up 20.2% year-over-yearRARITAN, N.J., Feb. 16, 2022 (GLOBE NEWSWIRE) — Ortho Clinical Diagnostics Holdings plc (Nasdaq: OCDX) (the “Company”), one of the world’s largest pure-play in-vitro diagnostics (IVD) companies, today announced financial results for the fourth quarter and fiscal year ended January 2,...