Day: March 22, 2022

Converge Technology Solutions Reports Fourth Quarter and Fiscal Year 2021 Financial Results

Written by Customer Service on March 22, 2022. Posted in Earnings Releases And Operating Results.

TORONTO and GATINEAU, Québec, March 22, 2022 (GLOBE NEWSWIRE) — Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) is pleased to provide its financial results for the three and twelve month period ended December 31, 2021. All figures are in Canadian dollars unless otherwise stated. For the three-month period ended December 31, 2021 (“Q4-2021”) and full year 2021 (“FY21”), Converge reports the following financial highlights:Q4-2021 net revenue increased 74% over the same quarter last year (“Q4-2020”) to $505.0 million Q4-2021 gross profit increased 63% over Q4-2020 to $115.9 million Q4-2021 Adjusted EBITDA1 increased 48% to $34.7 million from $23.4 million in Q4-2020 FY21 net revenue increased 61% to $1,527.8 billion compared to last year (“FY20”) FY21 gross profit increased 48%...

Truxton Trust Names Miles Kirkland, Kevin Brodrick, and Spence Dabbs as Managing Directors and Drew Mallory as Chief Fiduciary Officer

Written by Customer Service on March 22, 2022. Posted in Public Companies.

NASHVILLE, Tenn., March 22, 2022 (GLOBE NEWSWIRE) — Truxton has promoted Miles T. Kirkland, CFA, Kevin S. Brodrick, CTFA, and W. Spence Dabbs, JD, CTFA, to Managing Directors for Wealth Management Services. Also, Managing Director, Andrew “Drew” J. Mallory, CFA, will assume the additional role of Chief Fiduciary Officer. Derrick Jones, Senior Managing Director, said, “For several years, these gentlemen have demonstrated the leadership qualities necessary for the success of our clients, colleagues, and shareholders. Their dedication, professionalism, and attendant results are simply awesome.” Mr. Kirkland joined Truxton in 2013 and is the Team Leader for the Portfolio Management Team. Mr. Dabbs is the Team Leader for the Wealth Advisors and has been with the firm since 2014. Mr. Brodrick joined Truxton in 2014 to establish...

New Mexico Water Service to Acquire Monterey Water Company

Written by Customer Service on March 22, 2022. Posted in Mergers And Acquisitions.

RIO COMMUNITIES, N.M., March 22, 2022 (GLOBE NEWSWIRE) — New Mexico Water Service (New Mexico Water), a subsidiary of California Water Service Group (NYSE: CWT), has signed an agreement to acquire the assets of Monterey Water Company (Monterey Water), a water utility located in Valencia County, N.M. The acquisition is subject to satisfaction of customary closing conditions and approval by the New Mexico Public Regulation Commission (Commission). As part of the purchase, New Mexico Water will own and operate the water system, which currently serves 380 residential customers. The Monterey Water service area is less than a half-mile from New Mexico Water’s Rio Del Oro water system and will become part of the Rio Del Oro service area. The acquisition also includes about 100 undeveloped lots that may be served in the future. “We appreciate...

Worthington Reports Third Quarter Fiscal 2022 Results

Written by Customer Service on March 22, 2022. Posted in Earnings Releases And Operating Results.

COLUMBUS, Ohio, March 22, 2022 (GLOBE NEWSWIRE) — Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $1.4 billion and net earnings of $56.3 million, or $1.11 per diluted share, for its fiscal 2022 third quarter ended February 28, 2022. In the third quarter of fiscal 2021, the Company reported net sales of $759.1 million and net earnings of $67.6 million, or $1.27 per diluted share. Results in both the current and prior year quarter were impacted by certain unique items, as summarized in the table below. (U.S. dollars in millions, except per share amounts) 3Q 2022 3Q 2021 After-Tax Per Share After-Tax Per Share Net earnings $ 56.3 $ 1.11 $ 67.6 $ 1.27 Impairment and restructuring charges 1.1 0.02 8.4 0.16 Gain on investment in Nikola, net of incremental...

Privia Health Reports Fourth Quarter 2021 Financial Results

Written by Customer Service on March 22, 2022. Posted in Earnings Releases And Operating Results.

FY 2021 Financial Results Above High End of Guidance FY 2022 Guidance Highlights Practice Collections Growth of 30.7% at Midpoint Entries into California, Montana and West Texas help to Accelerate 2022 Growth Launches Three New ACOs; Four Existing ACOs participating in MSSP Enhanced Track Enters Two New Capitated Arrangements with Potential Upside and Downside Risk Jeff Sherman Resigns as CFO; David Mountcastle Reappointed CFO Conference Call Moved to Wednesday, March 23, 2022, at 8:30 am ETARLINGTON, Va., March 22, 2022 (GLOBE NEWSWIRE) — Privia Health Group, Inc. (Nasdaq: PRVA) today announced financial and operating results for the fourth quarter and full year ended December 31, 2021. “Our exceptional operating execution throughout 2021 generated excellent fourth quarter and full-year financial performance, with practice...

ElectraMeccanica Reports Fourth Quarter and Full Year 2021 Financial Results

Written by Customer Service on March 22, 2022. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, March 22, 2022 (GLOBE NEWSWIRE) — ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, reported financial results for the fourth quarter and full year ended December 31, 2021, in conjunction with its Annual Report on Form 20-F filed today. Recent Company HighlightsDelivered a total of 93 SOLO EVs to customers and fleet and commercial customers since deliveries began in October 2021. Year-to-date for 2022, the Company has delivered a total of 32 SOLO EVs to reservation and fleet holders as of February 28, 2022. FY 2021 revenues increased 270% to $2.1 million on initial sales of SOLO EVs. Disclosed its new global corporate headquarters in Burnaby, British Columbia...

Autoscope Technologies Corporation Announces 2021 Fourth Quarter and Full-Year Financial Results

Written by Customer Service on March 22, 2022. Posted in Earnings Releases And Operating Results.

MINNEAPOLIS, March 22, 2022 (GLOBE NEWSWIRE) — Autoscope Technologies Corporation (NASDAQ: AATC) today announced results for its fourth quarter and year ended December 31, 2021. Fourth Quarter 2021 Financial SummaryFourth quarter royalties were $1.8 million, a decrease of 2 percent from the same period in the prior year. Fourth quarter product sales were $1.4 million, an increase of 34 percent from the same period in the prior year. Operating expenses totaled $2.1 million in the fourth quarter of 2021, a decrease of 12 percent from the prior year period. Capitalized software costs in the fourth quarter of 2021 were $307,000 compared to no costs in the prior year period. Net loss for the fourth quarter of 2021 totaled $201,000 compared to net income of $365,000 for the same period in the prior year. Cash balance decreased to...

SigmaTron International, Inc. Reports Third Quarter Financial Results for Fiscal 2022

Written by Customer Service on March 22, 2022. Posted in Earnings Releases And Operating Results.

ELK GROVE VILLAGE, Ill., March 22, 2022 (GLOBE NEWSWIRE) — SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services (“EMS;” the “Company”), today reported revenues and earnings for the fiscal quarter ended January 31, 2022. As previously reported, the Company closed the merger agreement with Wagz, Inc. (“Wagz”) on December 31, 2021. Prior to the closing of the transaction, the Company had an initial investment in Wagz, along with Convertible Secured Promissory Notes and Secured Promissory Notes issued by Wagz, for a total of $12.6 million. As per the merger agreement and just prior to the merger, all of these items converted to Wagz common stock. As per the U.S. GAAP accounting guidance, the Company’s equity interest of Wagz common stock was remeasured to fair value of $6.3 million, resulting in...

Gulf Island Reports Fourth Quarter And Full-Year 2021 Results

Written by Customer Service on March 22, 2022. Posted in Earnings Releases And Operating Results.

HOUSTON, March 22, 2022 (GLOBE NEWSWIRE) — Gulf Island Fabrication, Inc. (NASDAQ: GIFI) (“Gulf Island” or the “Company”), a leading steel fabricator and service provider to the industrial and energy sectors, today announced results for the fourth quarter and full-year 2021. FOURTH QUARTER 2021 SUMMARY (as compared to the fourth quarter 2020)Revenue of $25.8 million, 13.4% y/y Net loss from Continuing Operations of $6.2 million, including Hurricane Ida and acquisition costs of $3.9 million Operating loss for Fabrication & Services Division of $2.8 million, including Hurricane Ida and acquisition costs of $3.7 million Non-GAAP EBITDA loss for Fabrication & Services Division of $1.8 million, including Hurricane Ida and acquisition costs of $3.7 million Cash balance of $54.6 million at December 31, 2021 Completed acquisition...

Biote Reports Record Fourth Quarter and Full Year 2021 Financial Results and Provides 2022 Outlook

Written by Customer Service on March 22, 2022. Posted in Earnings Releases And Operating Results.

Record net sales of $139.4 million for the full year, a 20% increase year-over-year. Record net sales of $37.5 million in the fourth quarter, a 22% increase period-over-period. EBITDA of $36 million, a 9% increase year-over-year.¹ In December 2021, Biote entered into a business combination agreement with Haymaker Acquisition Corp. III (Nasdaq: HYAC), which is expected to close in the second quarter of 2022. 2022 guidance of $160-166 million in revenue and $46-50 million in EBITDA.¹IRVING, Texas, March 22, 2022 (GLOBE NEWSWIRE) — Biote, a high growth, differentiated medical practice-building business within the hormone optimization space, today announced record financial results for the fourth quarter and full year of 2021. Biote sits at the intersection of healthcare and consumer, with demonstrated brand loyalty and a sales...

Day: March 22, 2022

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