Month: February 2022

EDINBURG, Va., Feb. 28, 2022 (GLOBE NEWSWIRE) — Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN) announced fourth quarter and full year 2021 financial and operating results. 2021 Highlights  Revenue and earnings per share for continuing operations grew 11.1% and 433.3%, respectively. Adjusted EBITDA for continuing operations grew 17.8% Added approximately 15,900 broadband data net additions driven by a record year for Glo Fiber net additions of 7,200 and record churn of 1.5% across all of our data products. Glo Fiber homes and businesses passed grew by 46,500 or 162.4% to 75,000. Expanded Glo Fiber franchise-approved passings to over 318,000 with the addition of 21 new franchise agreements and 175,000 target passings. Verbally awarded grants through the Virginia Telecommunications Initiative (“VATI”) to expand...

As of February 2022, more than 100 patients with NRG1 gene fusion positive (“NRG1+”) cancer have been treated with zenocutuzumab (“Zeno”) monotherapy Clinical data updates planned for lead program Zeno in 1H22 and for petosemtamab (“MCLA-158”) and MCLA-129 in 2H22 Based on the Company’s current operating plan, existing cash, cash equivalents and marketable securities expected to fund Merus’ operations beyond 2024 UTRECHT, The Netherlands and CAMBRIDGE, Mass., Feb. 28, 2022 (GLOBE NEWSWIRE) — Merus N.V. (Nasdaq: MRUS) (“Merus”, “we”, or “our”), a clinical-stage oncology company developing innovative, full-length multispecific antibodies (Biclonics® and Triclonics®), today announced financial results for the fourth quarter and full year ended December 31, 2021 and provided a business update. “We made significant progress in 2021,...

OTO-313 Phase 2 trial in tinnitus fully enrolled ahead of schedule with top-line results expected in mid-2022; initiating safety evaluation of higher and bilateral dosing OTO-413 Phase 2a cohort in hearing loss fully enrolled with top-line results expected early in second quarter of 2022; enrollment ongoing for higher dose evaluation OTO-825 IND-enabling activities ongoing with IND filing expected first half of 2023 Current capital funds operations through multiple clinical readouts and into second half of 2023Conference call and webcast today at 4:30 p.m. ET Hosting Investor R&D Event March 22 at 10 a.m. ET SAN DIEGO, Feb. 28, 2022 (GLOBE NEWSWIRE) — Otonomy, Inc. (Nasdaq: OTIC), a biopharmaceutical company dedicated to the development of innovative therapeutics for neurotology, today reported financial results for the...

DENVER, Feb. 28, 2022 (GLOBE NEWSWIRE) — ArrowMark Financial Corp. (Nasdaq: BANX) (“ArrowMark Financial” or the “Company”), an investment company registered with the Securities and Exchange Commission (“SEC”), today announced results for the fourth fiscal quarter ended December 31, 2021. Fourth Quarter 2021 Investment Highlights:Invested approximately $22.5 million in five investments Realized proceeds of approximately $5.0 million from a full call in one investment Realized proceeds of approximately $5.0 million from the partial sale of one investment Realized proceeds from paydowns and partial paydowns of $4.1 million from nine investmentsA complete listing of investments as of the end of the quarter can be found on the Company’s website at ir.arrowmarkfinancialcorp.com, under SEC filings. The estimated annualized yield generated...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, Feb. 28, 2022 (GLOBE NEWSWIRE) — In 2018, AltaLink announced a plan to support its customers as they navigated a challenging economy and low energy prices. The company committed to keeping its rates at or below 2018 levels through to the end of 2023. With the recent Alberta Utilities Commission (AUC) decision on AltaLink’s 2022-2023 General Tariff Application, AltaLink has achieved its goal to not increase rates for five years. “I am proud of the work our team has done in partnership with our customers to keep our portion of the electricity bill flat,” said Gary Hart, AltaLink President and Chief Operating Officer. “The pandemic...

PEMBROKE, Bermuda, Feb. 28, 2022 (GLOBE NEWSWIRE) — James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today reported a fourth quarter 2021 net loss of $66.3 million ($1.78 per diluted share), compared to a net loss of $20.3 million ($0.66 per diluted share) for the fourth quarter of 2020. Adjusted net operating loss1 for the fourth quarter of 2021 was $67.5 million ($1.81 per diluted share), compared to an adjusted net operating loss of $29.0 million ($0.95 per diluted share) for the same period in 2020.(Loss) Earnings Per Diluted Share Three Months EndedDecember 31,    2021       2020         Net (Loss) Income $ (1.78 )   $ (0.66 )Adjusted Net Operating (Loss) Income 1 $ (1.81 )   $ (0.95 )               Fourth Quarter 2021 Highlights14.1% growth in...

PALO ALTO, Calif., Feb. 28, 2022 (GLOBE NEWSWIRE) — HP (NYSE: HPQ)● First quarter GAAP diluted net earnings per share (“EPS”) of $0.99, above the previously provided outlook of  $0.92 to $0.98 per share      ● First quarter non-GAAP diluted net EPS of $1.10, above the previously provided outlook of $0.99 to $1.05  per share      ● First quarter net revenue of $17.0 billion, up 8.8% from the prior-year period  ● First quarter net cash provided by operating activities of $1.7 billion, free cash flow of $1.4 billion● First quarter returned $1.8 billion to shareholders in the form of share repurchases and dividends          HP Inc.’s fiscal 2022 first quarter financial performance          Q1 FY22   Q1 FY21   Y/Y   GAAP net revenue ($B) $ 17.0   $ 15.6   8.8%   GAAP operating margin   8.0%     8.4%   (0.4)...