Dorel Reports Fourth Quarter and 2021 Year-End Results

Written by Customer Service on March 10, 2022. Posted in Earnings Releases And Operating Results.

Fourth quarter earnings hurt by lack of supply and higher costs Inflation and supply chain issues impair short-term earnings visibility Management focusing on long-term strategy and value creation MONTRÉAL, March 10, 2022 (GLOBE NEWSWIRE) — Dorel Industries Inc. (TSX: DII.B, DII.A) today announced results for the fourth quarter and year ended December 30, 2021. “The fourth quarter was a difficult one as continuing global supply chain constraints and related higher costs for products, services and commodities pressured margins, reducing earnings at both Dorel Home and Dorel Juvenile. Demand was strong at many of our divisions; however, frustratingly, like many companies, we were unable to secure the necessary goods or parts to fully satisfy consumer requirements. While these external forces are beyond our control, internally...

LianBio Issues Statement Regarding the HFCAA

Written by Customer Service on March 10, 2022. Posted in Public Companies.

Company’s principal auditor is located in the United States and is currently inspected by the PCAOB SHANGHAI and PRINCETON, N.J., March 10, 2022 (GLOBE NEWSWIRE) — Following the Determination Report of the Public Company Accounting Oversight Board (“PCAOB”) issued on December 16, 2021, on March 8, 2022 the U.S. Securities and Exchange Commission (the “SEC”) released a provisional list of companies identified as “Commission-Identified Issuers” under the Holding Foreign Companies Accountable Act (“HFCAA”). LianBio (Nasdaq: LIAN) is not currently on this list and does not expect to be named by the SEC as a “Commission Identified Issuer” under the HFCAA. Unlike the companies currently identified on the SEC’s provision list, LianBio’s retained principal auditor is a large independent public accounting firm located in New York, USA and...

Portman Ridge Finance Corporation Announces Full Year 2021 Financial Results

Written by Customer Service on March 10, 2022. Posted in Earnings Releases And Operating Results.

Increases Quarterly Distribution to $0.63 Per Share NEW YORK, March 10, 2022 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the full year ended December 31, 2021. The Company also declared a quarterly stockholder distribution of $0.63 per share for the first quarter of 2022, payable on March 30, 2022 to stockholders of record at the close of business on March 21, 2022. This is an increase of $0.01 per share from $0.62 per share distributed in the fourth quarter of 2021 and $0.60 per share distributed in preceding quarters. Full Year 2021 Highlights1 Net asset value (“NAV”) for full year 2021 increased to $280.1 million ($28.88 per share) from $216.3 million ($28.77 per share) year-over-year, reflecting broad-based improvements in...

INTRUSION Closes Unsecured Notes Financing

Written by Customer Service on March 10, 2022. Posted in Public Companies.

The Transaction Improves the Company’s Financial Flexibility and Supports Operational and Strategic Development Opportunities PLANO, Texas, March 10, 2022 (GLOBE NEWSWIRE) — INTRUSION Inc. (NASDAQ: INTZ), a leader in cyberattack prevention solutions, today announced that on March 10, 2022, the Company (i) sold an 7.0% unsecured note under a securities purchase agreement with Streeterville Capital, LLC in the aggregate principal amount of $5,350,000 in exchange for $5,000,000 less certain reimbursed expenses (“Note 1”) and (ii) received an option to sell another 7.0% unsecured note on substantially similar terms (“Note 2” and, together with “Note 1”, the “Notes”). The option to sell Note 2 is subject to, among other things, the Company obtaining shareholder approval under Nasdaq rules within 180 days for the issuance of shares of...

Acreage Holdings Reports Fourth Quarter and Full Year 2021 Financial Results

Written by Customer Service on March 10, 2022. Posted in Earnings Releases And Operating Results.

Consolidated revenue grew 84% to $58.1 million in the fourth quarter and 65% to $188.9 million for the full year Full year gross margin increased to 51% Achieved positive Adjusted EBITDA through fiscal 2021, an improvement of $54.1 million over 2020 Secured $150 million credit facility to accelerate optimized strategy NEW YORK, March 10, 2022 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage”) (CSE:ACRG.A.U, ACRG.B.U), (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., today reported its financial results for the fourth quarter and full year ended December 31, 2021 (“Q4 2021”). Fourth Quarter 2021 Financial Highlights Consolidated revenue was $58.1 million for Q4 2021, an increase of 84% year-over-year and 21% sequentially. Gross margin increased...

Total Energy Services Inc. Announces Q4 2021 Results

Written by Customer Service on March 10, 2022. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, March 10, 2022 (GLOBE NEWSWIRE) — Total Energy Services Inc. (“Total Energy” or the “Company”) (TSX:TOT) announces its consolidated financial results for the three months and year ended December 31, 2021. Financial Highlights ($000’s except per share data) Three months ended December 31 Year ended December 31 2021 2020 Change 2021 2020 Change Revenue $ 134,629 $ 83,472 61 % $ 431,576 $ 365,750 18 % Operating income (loss) 1,680 (4,013 ) nm (1,413 ) (36,539 ) (96 %) EBITDA (1) 22,567 19,546 15 % 86,015 81,204 6 % Cashflow 22,144 18,431 20 % 80,191 73,437 9 % Net income (loss) 1,036 (1,732 ) nm (428 ) (30,455 ) (99 %) Attributable to shareholders 1,049 (1,739 ) nm (360 ) (30,450 ) (99 %) Per...

Seacor Marine Announces Fourth Quarter 2021 Results

Written by Customer Service on March 10, 2022. Posted in Earnings Releases And Operating Results.

HOUSTON, March 10, 2022 (GLOBE NEWSWIRE) — SEACOR Marine Holdings Inc. (NYSE:SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced results for its fourth quarter ended December 31, 2021. SEACOR Marine’s consolidated operating revenues from continuing operations for the fourth quarter of 2021 were $48.0 million, operating loss was $14.7 million, and direct vessel profit (“DVP”)(1) was $12.9 million. This compares to consolidated operating revenues from continuing operations of $36.0 million, operating loss of $16.9 million, and DVP of $10.5 million in the fourth quarter of 2020. Notable fourth quarter items include: Increased utilization across all regions and asset classes, with average utilization rates of 73%, the highest...

Inscape Announces Third Quarter 2022 Financial Results

Written by Customer Service on March 10, 2022. Posted in Earnings Releases And Operating Results.

HOLLAND LANDING, Ontario, March 10, 2022 (GLOBE NEWSWIRE) — Inscape (TSX: INQ), a leading designer and manufacturer of furnishings and movable wall systems for the workplace, today announced its results of operations for the three and nine months ended January 31, 2022. “Third quarter fiscal 2022 sales levels represented our second successive quarter over quarter sales improvement since the beginning of the fiscal year. While these reported sales levels to date are not yet satisfactory or adequate to sustain the business over the long term, we see these increasing sales levels as evidence of a recovery from the depths of decline brought about by the pandemic and exacerbated by related supply chain challenges. Sales pipeline levels continue to show improving activity levels / conversion, and align with the various indicators...

Nova Leap Health Corp. Posts Record Revenues for Fourth Quarter and 2021 Annual Financial Results

Written by Customer Service on March 10, 2022. Posted in Earnings Releases And Operating Results.

Nova Leap Health Revenue Chart Nova Leap Health Revenue Chart Nova Leap Health Adj EBITDA Chart Nova Leap Health Adj EBITDA Chart NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES HALIFAX, Nova Scotia, March 10, 2022 (GLOBE NEWSWIRE) — NOVA LEAP HEALTH CORP. (TSXV: NLH) (“Nova Leap” or “the Company”), a growing home health care organization, is pleased to announce the release of financial results for the year ended December 31, 2021. All amounts are in United States dollars unless otherwise specified. Nova Leap Fourth Quarter and Year End Financial Results Financial results for the three and twelve months ended December 31, 2021 include the following: 2021 annual revenues of $21.279 million were the highest in the Company’s history and represents a 22.9% increase from 2020 revenues of...

PHX Energy Services Announces Second Annual ESG and Sustainability Report

Written by Customer Service on March 10, 2022. Posted in Public Companies.

CALGARY, Alberta, March 10, 2022 (GLOBE NEWSWIRE) — PHX Energy Services Corp. (“PHX Energy” “we” “our” or the “Corporation”) (TSX: PHX) is pleased to announce the release of our second annual Environmental, Social and Governance (“ESG”) and Sustainability Report, highlighting our 2021 performance, initiatives related to sustainability, ethical business practices and social responsibility. We are committed to a progressive ESG journey, focused on measurable objectives, data driven decisions, continual improvement and transparent communication. We are proud to share our commitment with our stakeholders, including these highlights from our 2021 ESG and Sustainability Report: We achieved the majority of our ESG targets, and these targets led to many multi-disciplinary initiatives and...

Day: March 10, 2022

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