Month: March 2022

Full Year 2021 Net Income of $19.3 Million – 25th Consecutive Profitable Year Commitment to Profitable Growth – Full Year 2021 Gross Written Premiums Grew 31% 57% Growth in Fourth Quarter Net Earned Premiums and 83% Growth for Full Year WAYZATA, Minn., March 09, 2022 (GLOBE NEWSWIRE) — Trean Insurance Group, Inc. (Nasdaq: TIG) (“Trean” or the “Company”), a leading provider of products and services to the specialty insurance market, today reported results for the fourth quarter and full year ended December 31, 2021. Fourth Quarter and Full Year 2021 HighlightsGross written premiums were $153.3 million in the fourth quarter, an increase of 14% compared to the same prior-year period. Full Year 2021 gross written premiums grew 31% to $634.2 million, compared to the prior year, strongly positioning the Company for profitable...

FARGO, N.D., March 09, 2022 (GLOBE NEWSWIRE) — NI Holdings, Inc. (NASDAQ: NODK) today reported net income attributable to NI Holdings of $6.1 million ($0.29 per share) and return on average equity of 7.2% for the quarter ended December 31, 2021, compared to net income of $21.6 million ($1.01 per share) and return on average equity of 25.9% in the prior year quarter. For the year ended December 31, 2021, NI Holdings reported net income of $8.4 million ($0.39 per share) and return on average equity of 2.4%, compared to net income of $40.4 million ($1.86 per share) and return on average equity of 12.4% in the prior year. The Company reported an increase of 7.4% in direct written premiums for the quarter ended December 31, 2021, and an increase of 8.9% year-over-year. NI Holdings Q4 2021 Financial Highlights:Dollars in thousands, except...

Full Year 2021 Worldwide Net Sales Up 16% to $1.9 Billion Profitability Improved Significantly with Full Year Diluted EPS of $0.48 and Adjusted EPS of $1.12 Provides 2022 Outlook RICHARDSON, Texas, March 09, 2022 (GLOBE NEWSWIRE) — Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fourth quarter and fiscal year ended January 1, 2022. Quarter and Full Year HighlightsFourth quarter worldwide net sales increased to $604 million, up 14% on a reported basis and 16% in constant currency, led by 26% and 21% sales growth in the Americas and Europe regions, respectively.Full year worldwide net sales increased to $1.9 billion, up 16% on a reported basis and 14% in constant currency. Net sales through all digital channels grew 23% and 74%, on a reported basis, compared to full year 2020 and 2019, respectively,...

SAN FRANCISCO, March 09, 2022 (GLOBE NEWSWIRE) — Sonder Holdings Inc. (NASDAQ: SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, today announced fourth quarter and full year 2021 financial results. A Shareholder Letter containing the results can be found on the Company’s website at investors.sonder.com. Management will host a conference call and webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss the Company’s financial and business results and outlook. What: Sonder Holdings Inc. Fourth Quarter & Full Year 2021 Earnings CallWhen: Wednesday, March 9, 2022Time: 2:00 p.m. Pacific Time / 5:00 p.m. Eastern TimeDial-In: To access the conference call via telephone please dial 1-877-800-8199 or 1-615-622-8089 for callers outside the United...

MONACO, March 09, 2022 (GLOBE NEWSWIRE) — Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the fourth quarter (“Q4 2021”) and year ended December 31, 2021. I.    RECORD PROFITABILITY FOR Q4 2021 AND YEAR ENDED 2021Year end Net Income available to common stockholders of $404.1 million ($3.28 per share). Q4 2021 Net Income available to common stockholders of $153.4 million ($1.24 per share). Year end Adjusted Net Income available to common stockholders1 of $289.9 million ($2.36 per share). Q4 2021 Adjusted Net Income available to common stockholders1 of $112.1 million ($0.91 per share). Year end liquidity of $552 million2._____________________1 Adjusted Net Income available to common stockholders and respective per share figures are non-GAAP measures and should not be used...

Fourth quarter 2021 net sales were $55.9 million, an increase of 7.8% (or 10.0% on a constant currency basis) versus the prior year period; full year 2021 net sales increased 5.3% versus the prior year. Diversification revenue (i.e. excluding sales of SmartFresh™ for apples) grew 15.9% for the full year 2021 versus the prior year period, and represented 42% of consolidated revenues during this period. Net income of $2.2 million for the fourth quarter of 2021, as compared to net loss of $2.7 million for the fourth quarter of 2020. For the full year 2021, net loss was $6.1 million, compared to net loss of $53.0 million in the prior year. Adjusted EBITDA1 of $26.4 million for the fourth quarter of 2021, compared to $23.7 million in the prior year period. For the full year 2021, adjusted EBITDA increased 3.3% to $62.0 million compared to...

Continued Top-Line Growth and Significantly Improved Bottom-Line Annual Operating Performance 2021 Revenue Increase of 14.3% organically 2021 Operating Income of $18.2 million, a substantial increase from the prior year Ongoing deleveraging, with $16.3 million of full year debt repayments, and total debt decrease to $202.6 million PRINCETON JUNCTION, N.J., March 09, 2022 (GLOBE NEWSWIRE) — MISTRAS Group, Inc. (MG: NYSE), a leading “one source” multinational provider of integrated technology-enabled asset protection solutions, reported financial results for its fourth quarter and year ended December 31, 2021. Highlights of the Fourth Quarter 2021*Revenue of $171.2 million, an increase of 6.5% Net cash from operating activities of $19.8 million and free cash flow of $16.5 million Reduction in total gross debt of $13.3...

– Quarterly Revenue Increased 104% Year-Over-Year to a Record $115.1 Million – – Quarterly Gross Profit Increased 101% Year-Over-Year, Representing Fifth Sequential Quarter of Growth and Highest Level of Gross Profit in the Past Eight Quarters – TORONTO, March 09, 2022 (GLOBE NEWSWIRE) — Points.com Inc. (TSX: PTS) (Nasdaq: PCOM) (Points or the Company), the global leader in powering loyalty commerce, is reporting financial results for the fourth quarter and full year ended December 31, 2021. Unless otherwise noted, all comparisons are on a year-over-year basis and all amounts are in USD. The complete 2021 Audited Consolidated Financial Statements and fourth quarter and full year Management’s Discussion & Analysis are available at www.sedar.com and www.sec.gov. “Our strong fourth quarter performance...

SAN JOSE, Calif., March 09, 2022 (GLOBE NEWSWIRE) — Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today reported financial results for the third quarter of fiscal year 2022, ended January 31, 2022. Q3 Financial HighlightsRevenue of $31.8 million, grew by 136% year on year GAAP gross margin of 60.1% and non-GAAP gross margin of 60.7% GAAP operating expenses of $19.6 million and non-GAAP operating expenses of $18.2 million GAAP net loss of $0.1 million and non-GAAP net income of $2.4 million GAAP net loss per share of $0.00 and non-GAAP diluted net income per share of $0.03 During the quarter, Credo sold...

Fourth Quarter Revenue Increases 26% to $11.3 Million Producing $2.0 Million in Cash Flow from Operations Full Year 2021 Revenue up 27% to $44.0 Million Generating Net Income of $0.7 Million BOCA RATON, Fla., March 09, 2022 (GLOBE NEWSWIRE) — Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced financial results for the quarter and full year ended December 31, 2021. “We are pleased to report a solid fourth quarter and conclusion to an incredible year, achieving records across the board and reaching the major milestone of GAAP profitability for the full year,” stated Derek Dubner, red violet’s CEO. “As we reinvest in our business in furtherance of the execution of our strategic plan, we continue to see strong demand for our innovative solutions and greater pipeline expansion from...