Day: March 1, 2022

Lowell Farms Inc. Announces Unaudited Fourth Quarter and Fiscal Year 2021 Financial and Operational Results

Written by Customer Service on March 1, 2022. Posted in Earnings Releases And Operating Results.

Lowell announces organic sequential revenue growth of 21% SALINAS, Calif., March 01, 2022 (GLOBE NEWSWIRE) — Lowell Farms Inc. (the “Company”) (CSE: LOWL; OTCQX: LOWLF), a California-born innovator in cannabis cultivation and maker of the legendary brand Lowell Smokes, announces unaudited revenue and operating results for the fourth quarter and fiscal year (ended December 31, 2021). All figures stated are in US Dollars. Fourth Quarter and Fiscal Year Financial Highlights:Revenue generated for the quarter ended December 31, 2021 was $15.1 million; an increase of 65% from the fourth quarter last year and a 21% sequential increase from the third quarter. Revenue for the year ended December 31, 2021 was $53.7 million, reflecting a company record and 26% growth over the prior year. Revenue from Lowell Farm Services (LFS) was $3.2...

Lincoln Electric Acquires Kestra Universal Soldas, Indústria e Comércio, Importação e Exportação Ltda.

Written by Customer Service on March 1, 2022. Posted in Mergers And Acquisitions.

CLEVELAND, March 01, 2022 (GLOBE NEWSWIRE) — Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has acquired Kestra Universal Soldas, Indústria e Comércio, Importação e Exportação Ltda. (“Kestra”), a privately held manufacturer headquartered in Atibaia, São Paulo State, Brazil. Kestra manufactures and provides specialty welding consumables, wear plates and maintenance and repair services for alloy and wear-resistant products commonly used in mining, steel, agricultural and industrial mill applications. Kestra advances Lincoln Electric’s 2025 Higher Standard strategy in South America by broadening its specialty alloys portfolio and services. Kestra’s annual revenue is approximately USD$15 million. Terms of the transaction were not disclosed. About Lincoln Electric Lincoln Electric is the world leader in the engineering,...

FactSet Completes Acquisition of CUSIP Global Services

Written by Customer Service on March 1, 2022. Posted in Mergers And Acquisitions.

NORWALK, Conn., March 01, 2022 (GLOBE NEWSWIRE) — FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications and industry-leading services, today announced the successful completion of its acquisition of CUSIP Global Services (CGS) from S&P Global Inc. for approximately $1.925 billion. The acquisition was previously announced on December 27, 2021 and will significantly expand FactSet’s critical role in the global capital markets. As part of FactSet, CGS will continue to carefully steward the CUSIP system in close partnership with the American Bankers Association. In addition, FactSet today closed its offering of 2.90% senior notes due 2027 and 3.45% senior notes due 2032, which was launched and priced on February 15, 2022, and entered into new senior term and revolving credit...

Porch Group Reports Fourth Quarter and Full Year 2021 Financial Results

Written by Customer Service on March 1, 2022. Posted in Earnings Releases And Operating Results.

– Reports $192.4 Million of Full Year 2021 Revenue, up 166% Year-Over-Year – – Provides 2022 Guidance of $320 Million in Revenue and $600 Million of Gross Written Premium, Representing 66% and 95% Year-over-Year Growth Respectively; Targets Approximately -9% EBITDA Margin in 2022 – – Announces acquisition of Residential Warranty Services to Continue Expansion Into Home Warranty and Home Inspection Software – SEATTLE, March 01, 2022 (GLOBE NEWSWIRE) — Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today reported financial results for the fourth quarter and full year ended December 31, 2021. “Our operational and strategic execution delivered strong fourth quarter and full year results, highlighted...

ECN Capital Reports US$0.06 in Adjusted Net Income per Common Share in Q4-2021 and US$0.19 for full year 2021

Written by Customer Service on March 1, 2022. Posted in Earnings Releases And Operating Results.

Solid Q4 2021 and FY 2021 Results Across Businesses TORONTO, March 01, 2022 (GLOBE NEWSWIRE) — ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the three-month period and year ended December 31, 2021. For the three-month period ended December 31, 2021, ECN Capital reported Adjusted net income applicable to common shareholders from continuing operations of $13.8 million or $0.06 per share (basic) versus $13.7 million or $0.06 per share (basic) for the previous three-month period and $1.5 million or $0.01 per share (basic) for the same period last year. For the twelve-month period, the Company reported Adjusted net Income applicable to common shareholders of $45.7 million or $0.19 per share (basic) versus $17.2 million or $0.07 per share (basic) for the same period last year. “ECN...

First Solar, Inc. Announces Fourth Quarter and Full Year 2021 Financial Results and 2022 Guidance

Written by Customer Service on March 1, 2022. Posted in Earnings Releases And Operating Results.

Net sales of $2.9 billion for 2021 and $0.9 billion for the fourth quarter Net income per diluted share of $4.38 for 2021 and $1.23 for the fourth quarter Year-end 2021 cash, cash equivalents, restricted cash, and marketable securities of $1.8 billion 17.5 GWDC of 2021 net bookings; 11.8 GWDC since third quarter earnings call 2022 net sales guidance of $2.4 billion to $2.6 billion 2022 EPS guidance of $0.00 to $0.60 Year-end 2022 net cash balance guidance of $1.1 billion to $1.35 billion Company in advanced stage discussions to sell Japan project development and O&M platformTEMPE, Ariz., March 01, 2022 (GLOBE NEWSWIRE) — First Solar, Inc. (Nasdaq: FSLR) today announced financial results for the fourth quarter and year ended December 31, 2021. Net sales for the fourth quarter were $0.9 billion, an increase of $0.3 billion...

SLR Senior Investment Corp. Announces Year Ended December 31, 2021 Financial Results

Written by Customer Service on March 1, 2022. Posted in Earnings Releases And Operating Results.

Record Originations Volume Drove a 36% Year-Over-Year Increase in Comprehensive Portfolio NEW YORK, March 01, 2022 (GLOBE NEWSWIRE) — SLR Senior Investment Corp. (NASDAQ: SUNS) (the “Company” or “SUNS”) today reported net investment income of $3.5 million, or $0.22 per average share, for the quarter ended December 31, 2021. For fiscal year 2021, net investment income was $14.3 million, or $0.89 per average share. Excluding one-time expenses related to the proposed merger with SLR Investment Corp., net investment income per average share would have been $0.27 for the quarter ended December 31, 2021, and $0.94 for the year ended December 31, 2021. Please see reconciliation table in the discussion of our results of operations for the year. At December 31, 2021, net asset value (NAV) was $15.43 per share. The Company’s Board of Directors...

Cardlytics Announces Fourth Quarter and Fiscal Year 2021 Financial Results

Written by Customer Service on March 1, 2022. Posted in Earnings Releases And Operating Results.

ATLANTA, March 01, 2022 (GLOBE NEWSWIRE) — Cardlytics, Inc., (NASDAQ: CDLX), an advertising platform in banks’ digital channels, today announced financial results for the fourth quarter and fiscal year ended December 31, 2021. Supplemental information is available on the Investor Relations section of the Cardlytics’ website at http://ir.cardlytics.com/. “We are really pleased with our Q4 results, which exceeded the high end of our guidance for billings, revenue and adjusted contribution. The strong performance comes as we continue to make progress across our strategic priorities,” said Lynne Laube, CEO & Co Founder of Cardlytics. “Our Q4 results reflect year-over-year growth across all of our advertiser verticals, and growth over 2019 in every vertical except travel. Each sales vertical contributed to Cardlytics...

Apollo Announces First Close of Global Wealth Acquisition of Griffin

Written by Customer Service on March 1, 2022. Posted in Mergers And Acquisitions.

NEW YORK, March 01, 2022 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced a first close in its previously announced transaction with Griffin Capital (“Griffin”). Apollo has completed the acquisition of Griffin’s wealth distribution business, now part of Apollo Global Wealth. Apollo expects to hold a final close to add Griffin’s individual-investor focused products and associated asset management team in the second quarter of 2022. With today’s close, Apollo adds approximately 60 client-facing distribution professionals working across the wealth management landscape and who are particularly well-established in the independent channel, a complement to Apollo’s focus to-date on private banks, wirehouses, institutional RIAs and family offices. It also transitions critical marketing, technology and operational infrastructure to...

1stDibs Reports Fourth Quarter and Full Year 2021 Financial Results

Written by Customer Service on March 1, 2022. Posted in Earnings Releases And Operating Results.

Q4 Gross Merchandise Value Increased 11% Year-Over-Year to $117 millionQ4 Net Revenue Increased 13% Year-Over-Year to $26.9 million NEW YORK, March 01, 2022 (GLOBE NEWSWIRE) — 1stdibs.com, Inc. (NASDAQ: DIBS), a leading online marketplace for luxury design products, today reported financial results for its fourth quarter and full year ended December 31, 2021. Fourth Quarter 2021 Financial HighlightsNet revenue was $26.9 million, an increase of 13% year-over-year. Gross profit was $16.6 million, a decrease of 3% year-over-year. Gross margin was 61.7%, compared to 72.0% in the fourth quarter 2020. GAAP net loss was $8.1 million, compared to $1.6 million in the fourth quarter 2020. Non-GAAP Adjusted EBITDA and Adjusted EBITDA Margin was $(6.7) million and (25.0)%, respectively, compared to $(0.9) million and (3.7)%, respectively,...

Day: March 1, 2022

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