Month: February 2022

Portage Biotech Announces Financial Results and Provides Business Update for Third Quarter of 2022 Fiscal Year

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

Company working to accelerate lead clinical programs; expects multiple clinical readouts in 2022 WESTPORT, Conn., Feb. 24, 2022 (GLOBE NEWSWIRE) — Portage Biotech Inc. (NASDAQ: PRTG) (“Portage” or the “Company”), a clinical-stage immuno-oncology company developing therapies to improve patient lives and increase survival by avoiding and overcoming cancer treatment resistance, today announced financial results for the quarter ended December 31, 2021 (the “third quarter”). “During the third quarter and in recent weeks we’ve taken steps to accelerate our lead programs for PORT-2 and PORT-3, investigating options to expand our clinical sites beyond our current footprint and finding the means of accelerating patient enrollment,” said Dr. Ian Walters, chief executive officer of Portage. “With our enhanced management team, efficient organization,...

Guardian Capital Group Limited (TSX: GCG; GCG.A) Announces Operating Results for Year Ended December 31, 2021

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

TORONTO, Feb. 24, 2022 (GLOBE NEWSWIRE) — All per share figures disclosed below are stated on a diluted basis. For the twelve months ended December 31, 2021 2020 ($ in thousands, except per share amounts) Net revenue $ 285,087 $ 215,791 Operating earnings 81,788 54,841 Net gains (losses) 142,623 (1,313 )Net earnings 190,740 46,068 EBITDA(1) $ 107,639 $ 77,702 Adjusted cash flow from operations(1) 84,792 63,050 Attributable to shareholders: Net earnings $ 184,239 $ 42,358 EBITDA(1) 96,700 70,325 Adjusted cash flow from operations (1) 75,332 56,773 Per share, diluted: Net earnings $ 6.87 $ 1.57 EBITDA(1) 3.61 2.60 Adjusted cash flow from operations (1) 2.81 2.10 As...

Dorchester Minerals, L.P. Announces 2021 Results

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

DALLAS, Texas, Feb. 24, 2022 (GLOBE NEWSWIRE) — Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) announced today the Partnership’s net income for the year ended December 31, 2021 of $70,174,000 or $1.94 per common unit. A comparison of the Partnership’s consolidated results for the twelve month periods ended December 31, 2021 and 2020 are set forth below: Twelve Months Ended December 31, 2021 2020Operating Revenues $ 93,423,000 $ 46,928,000 Net Income $ 70,174,000 $ 21,867,000 Net Income Per Common Unit $ 1.94 $ 0.61 The Partnership’s independent engineering consultant estimated its total proved oil and natural gas reserves to be 92.9 billion cubic feet of natural gas equivalents (bcfe) as of December 31, 2021. Approximately 17% of these reserves are attributable to the Partnership’s...

Bel Reports Fourth Quarter and Full Year 2021 Results

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

Impressive Top Line Growth with Solid Q4 Margin Improvement JERSEY CITY, N.J., Feb. 24, 2022 (GLOBE NEWSWIRE) — Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the fourth quarter and full year of 2021. Fourth Quarter 2021 HighlightsNet sales of $147.1 million, up 26.7% from Q4-20 Gross profit margin of 26.7%, up from 25.3% in Q4-20 Net earnings of $8.0 million versus $3.6 million in Q4-20 Adjusted EBITDA of $15.3 million, representing an increase of 96% compared to Q4-20Full Year 2021 HighlightsNet sales of $543.5 million, up 16.7% from 2020 Gross profit margin of 24.7%, down from 25.7% in 2020 Net earnings of $24.8 million versus $12.8 million in 2020 Adjusted EBITDA of $42.8 million, an improvement of 33% compared to 2020 Ended year with backlog of orders of $468 million, an increase...

VivoPower International PLC Reports Financial Results for the Six Months Ended December 31, 2021

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

Key strategic initiatives executed upon despite COVID-19 disruptions Revenue, GP and EBITDA decline due to strict prolonged COVID-19 lockdowns in key markets, especially Australia Definitive distribution partnerships for Tembo e-LV kits executed with GHH and Bodiz Full ownership of US solar portfolio secured, rebranded to Caret and launched cryptomining venture, Caret Decimal LONDON, Feb. 24, 2022 (GLOBE NEWSWIRE) — VivoPower International PLC (NASDAQ: VVPR) (“VivoPower”, the “Company”) today announced its half year results for the six months ended December 31, 2021. Highlights for the half year ended December 31, 2021:Group revenue declined 11% to $18.9 million due to strict COVID-19 lockdowns affecting projects and deliveries. Group gross profit down 85% year on year to $0.5 million as a result, with group gross profit margin...

FOXO Technologies Inc. Enters Into Business Combination Agreement with Delwinds Insurance Acquisition Corp.

Written by Customer Service on February 24, 2022. Posted in Mergers And Acquisitions.

FOXO aims to make longevity science fundamental to life insurance FOXO applies epigenetic science and AI to commercialize saliva-based biomarkers that simplify the consumer underwriting journey and enhance the consumer value proposition FOXO plans to launch proprietary life insurance products in 2022 that drive distribution and services platform offering saliva-based underwriting technology and consumer engagement Transaction estimates a pre-money enterprise value of $369 million for FOXO Investor call scheduled for February 25th at 10:00 a.m. ET Minneapolis, MN & Houston, TX, Feb. 24, 2022 (GLOBE NEWSWIRE) — FOXO Technologies Inc. (“FOXO”), a technology company applying epigenetic science and AI to modernize the life insurance industry, has entered into a definitive merger agreement with special purpose acquisition company...

Osisko Reports Strong 2021 Results and Provides 2022 Guidance and 5-Year Outlook

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

Record cash margin of $187.2 million Record operating cash flows from the royalties and streams segment of $153.2 million MONTRÉAL, Feb. 24, 2022 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) today announced its consolidated financial results for the fourth quarter and full year 2021, and provides guidance for 2022 as well as an inaugural 5-year growth outlook. Amounts presented are in Canadian dollars, except where otherwise noted. 2021 Financial Highlights80,000 GEOs1 earned in 2021, in-line with guidance (2020 – 66,113 GEOs);Record revenues from royalties and streams of $199.6 million (2020 – $156.6 million);Consolidated cash flows from operating activities of $106.1 million (2020 – $108.0 million);Record operating cash flows from the royalties and streams segment2 of...

Navient declares first quarter common stock dividend

Written by Customer Service on February 24, 2022. Posted in Dividend Reports And Estimates.

WILMINGTON, Del., Feb. 24, 2022 (GLOBE NEWSWIRE) — Navient (Nasdaq: NAVI), a leader in education loan management and business processing solutions, announced that its board of directors approved a 2022 first quarter dividend of $0.16 per share on the company’s common stock. The first quarter 2022 dividend will be paid on March 18, 2022, to shareholders of record at the close of business on March 4, 2022. About NavientNavient (Nasdaq: NAVI) is a leading provider of education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels. Navient helps clients and millions of Americans achieve success through technology-enabled financing, services, and support. Learn more at Navient.com. Contact:Media: Paul Hartwick, 302-283-4026, paul.hartwick@navient.com Investors:...

Vonage Reports Fourth Quarter 2021 Financial Results

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

HOLMDEL, N.J., Feb. 24, 2022 (GLOBE NEWSWIRE) — Vonage Holdings Corp. (Nasdaq: VG), a global leader in cloud communications helping businesses accelerate their digital transformation, today announced results for the quarter and full year ended December 31, 2021. Fourth Quarter 2021 Highlights:Consolidated revenue of $366 million, an increase of 13% year-over-yearConsumer revenue of $66 million, a decrease of 16% year-over-year Vonage Communications Platform (VCP) revenue of $300 million, an increase of 23% year-over-yearVCP Service revenue of $287 million, an increase of 25% year-over-yearAPI revenue of $165 million, an increase of 38% year-over-year Unified Communications & Contact Center Service revenue of $122 million, an increase of 10% year-over-yearConsolidated Net Loss of $22 million, a decrease of $8...

Baytex Announces Fourth Quarter and Year-End 2021 Results, Reserves and Return of Capital Framework

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, Feb. 24, 2022 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex”)(TSX: BTE) reports its operating and financial results for the three months and year ended December 31, 2021 (all amounts are in Canadian dollars unless otherwise noted). “In 2021, we made a commitment to maintain capital discipline, maximize free cash flow and reduce our net debt. I am very pleased to say we delivered on all fronts with strong operational execution, record free cash flow and a significantly improved balance sheet. With continued operating momentum and current commodity prices, we expect to generate over $550 million of free cash flow in 2022 and reach our initial $1.2 billion net debt target during the second quarter. As a result, we are announcing the next phase of our return of capital framework, which includes allocating...

Month: February 2022

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