Month: February 2022

Topline Expands 44 Percent Year on Year FREMONT, Calif., Feb. 16, 2022 (GLOBE NEWSWIRE) — AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, today reported financial results for the fourth quarter and fiscal year, ended December 31, 2021. Management Qualitative Comments “2021 was a pivotal year for our business,” said Morris Young, chief executive officer. “We achieved 44 percent revenue growth, driven by market expansion and strategic customer wins, and delivered a more than 350 percent increase in our profitability. We believe we are hitting an inflection point in which applications that were once considered early stage technologies are now moving to mainstream adoption. And as we look ahead, we expect our momentum to continue. With our current growth drivers, we believe we can deliver healthy...

    OMEGA FLEX, INC. (OFLX)    For the Period Ended December 31,    Twelve Months   Three Months                       2021     2020     2021     2020                 Net Sales   $ 130,011,000   $ 105,796,000   $ 35,457,000   $ 31,625,000                                  Net Income attributable to Omega Flex, Inc.   $ 26,195,000   $ 19,910,000   $ 7,596,000   $ 7,178,000                                  Earnings Per Share – Basic and Diluted   $ 2.60   $ 1.97   $ 0.75   $ 0.71                                  Weighted Average Shares – Basic and Diluted     10,094,322     10,094,322     10,094,322     10,094,322                           EXTON, Pa, Feb. 16, 2022 (GLOBE NEWSWIRE) — Kevin R. Hoben, Chairman and CEO, announced that the Company’s net sales for 2021 and 2020 were...

Financial and Investment HighlightsNet (loss) income attributable to common shareholders for the fourth quarter 2021 of $(12.0) million, or $(0.15) per diluted share, compared to $(7.4) million, or $(0.09) per diluted share for the same period in 2020. Net (loss) income available to common shareholders for the full year 2021 of $61.9 million, or $0.75 per diluted share, compared to $(16.9) million, or $(0.21) per diluted share for the full year 2020.The Company’s Board of Trustees declared a first quarter 2022 regular cash dividend of $0.13 per common share, an increase of 8% over the prior quarterly rate.Operating funds from operations (“FFO”) per diluted share of $0.25 and $0.95 in the fourth quarter 2021 and full year 2021, respectively, representing year-over-year growth of 38.9% in the fourth quarter and 21.8%...

VERO BEACH, Florida, Feb. 16, 2022 (GLOBE NEWSWIRE) — ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR PRC) (“ARMOUR” or the “Company”) today announced the Company’s December 31, 2021 financial position and Q4 results. ARMOUR’s December 31, 2021 Financial PositionStockholders’ equity totaled $1,143.6 million, including:Common stock outstanding of 94,153,188 shares, and 7.00% Cumulative Redeemable Preferred C Stock (“Series C Preferred Stock”) with liquidation preference totaling approximately $171 million.Book value per common share was $10.33 per share. Liquidity, including cash and unencumbered agency and U.S. government securities, was $848 million. Portfolio composition was 98% Agency mortgage-backed securities (“MBS”), including To Be Announced (“TBA”) Securities...

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...