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Month: March 2022

XR Immersive Tech to present at the Q1 Virtual Investor Summit

VANCOUVER, British Columbia, March 01, 2022 (GLOBE NEWSWIRE) — XR Immersive Tech Inc. (“Immersive Tech”, or the “Company”) (CSE: VRAR) (FSE: 79W) (OTCQB: FNTTF) today announces that Tim Bieber, CEO will be presenting at the Q1 Virtual Investor Summit. During the presentation, Tim Bieber, XR Immersive Tech CEO will highlight the Company’s focus on building Metaverse tools, the release of it’s Hyper-Immersive™ UNCONTAINED VR attraction, it’s recent acquisition of Synthesis VR, and the broader going-forward corporate vision. The presentation will be webcast and an archived recording will be made available in Investors’ section of the XR Immersive Tech Bio website.Event: Q1 Investor SummitDate: March 8-9th, 2022Presentation: March 8th @ 2:00PM ETLocation: Public webcasting linkOn behalf of the Board of Directors Tim...

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Builders FirstSource Reports Record Fourth Quarter and Full Year 2021 Results

Record Fourth Quarter Net Sales, Net Income, Adjusted EBITDA and Adjusted EBITDA Margin Net sales of $4.6 billion increased 23.7% on a combined pro forma basisCore Organic Sales Growth of 11.7% on a combined pro forma basisGross profit of $1.5 billion increased 52.5% on a combined pro forma basisAdjusted EBITDA increased 110.0% to $793.4 million on a combined pro forma basis DALLAS, March 01, 2022 (GLOBE NEWSWIRE) — Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the fourth quarter and full year ended December 31, 2021. Fourth Quarter 2021 BFS Highlights (includes BMC in Q4 2021 and not in Q4 2020) All Year-Over-Year Comparisons Unless Otherwise Noted:Net sales of $4.6 billion for the quarter increased 83.1% driven by the merger with BMC, double-digit organic growth, and commodity inflation Gross profit...

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Rhythm Pharmaceuticals Reports Fourth Quarter and Full Year 2021 Financial Results

— Preparations continue for U.S. commercial launch in June 2022 in BBS and Alström syndrome, pending FDA approval — — First commercial sales of IMCIVREE in Germany and France expected in 2Q2022 – — Enrollment completed in Phase 2 trial evaluating setmelanotide in patients with hypothalamic obesity — — IMCIVREE fourth quarter sales of $1.8M and 2021 sales of $3.2M – — Management to host conference call today at 8:00 a.m. ET — BOSTON, March 01, 2022 (GLOBE NEWSWIRE) — Rhythm Pharmaceuticals, Inc. (Nasdaq: RYTM), a commercial-stage biopharmaceutical company committed to transforming the care of people living with rare genetic diseases of obesity, today reported financial results and provided a business update for the fourth quarter and full year ended December 31, 2021. “2021 was a...

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IBC Advanced Alloys Swings to Profitability in the Quarter Ended December 31, 2021

Highlights of the Quarter (unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars)‘IBC Swings to Profitability in the Quarter ended December 31, 2021 on 44.5% YoY Sales Growth; Sales Higher by 51.9% YTD Sixth Straight Quarter of Higher Sales of IBC’s Innovative Beryllium-Aluminum Alloy Products, Driven by Semiconductor Industry and Defense Demand Copper Alloys Division Sales Higher by 11.4% YTD as New Manufacturing Facility in Indiana Nears Completion IBC reported comprehensive income of $344,000 for the quarter, sharply narrowing its YTD loss as compared to the prior-year period Adjusted EBITDA1 Soars by 301% and 757% in the Three and Six Months ended December 31, 2021FRANKLIN, Ind., March 01, 2022 (GLOBE NEWSWIRE) — IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB:...

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79North Signs Drilling Contract for Phase 2 Drilling at the High Grade Witlage Gold Target, Nassau Project, Suriname

TORONTO, March 01, 2022 (GLOBE NEWSWIRE) — 79North Inc. (CSE: JQ; OTCQB: SVNTF; FRA: 6120) (“79North” or the “Company”) is pleased to report that it has entered into a drilling contract for up to 2,000 metres of diamond drilling at the high grade Witlage target of the Nassau gold project, Suriname. Witlage TargetIn 2021, drilling intersections were obtained in altered and sheared volcanic rocks, fine-grained felsic intrusive rocks, and fine-grained mafic dikes crosscut by quartz veins with associated pyrite. Gold values range up to 383.20 grams gold per tonne over 1.5 metres in highly oxidized saprolite and up to 99.58 grams gold per tonne over one metre in fresh bedrock. The highest gold grade of 383.20 grams gold per tonne occurs in a zone of highly oxidized saprolite that may be an oxide blanket associated with the shear zone...

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Amplify Energy Provides Update on the Southern California Release

HOUSTON, March 01, 2022 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) issued the following update regarding the Southern California release event: On December 28, 2021 the United States Coast Guard announced that the Unified Command had concluded cleanup operations in all counties impacted by the release event in October. On February 2, 2022, Unified Command stood down and announced that the response phase was officially complete. Amplify deployed upwards of 1,800 oil spill response contractors who worked under the direction of the Unified Command alongside government agencies, wildlife rescue organizations and local volunteers. We are grateful to our Unified Command partners for their collaboration and professionalism over the course of the response. Investigation Update Amplify continues to...

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CTG Partners with VCU Health System to Support System-Wide Epic Deployment

Provides Critical Legacy Application and Readiness Support; Delivers Epic Go-Live Training and At-the-Elbow Assistance for Over 16,000 End Users BUFFALO, N.Y., March 01, 2022 (GLOBE NEWSWIRE) — CTG (NASDAQ: CTG), a leading provider of digital IT solutions in North America and Western Europe, today announced the successful collaboration with VCU Health System during their Epic go-live in December 2021. Throughout the engagement, CTG provided solutions for legacy applications, critical go-live readiness activities, end-user training, workflow optimization, and in-person end-user application support for the VCU Health enterprise. On December 1, 2021, VCU Health announced its plans for enterprise-wide deployment of Epic, an electronic health record (EHR), to provide patient-centered care and a fully connected network across the enterprise...

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Martin Marietta to Sell Certain West Coast Cement and Ready Mixed Concrete Operations to CalPortland

RALEIGH, N.C., March 01, 2022 (GLOBE NEWSWIRE) — Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that it has entered into a definitive agreement to sell certain West Coast cement and ready mixed concrete operations to CalPortland Company for $250 million in cash. The operations include the Redding cement plant, related cement distribution terminals and 14 ready-mixed concrete plants located in California. Ward Nye, Chairman, President and CEO of Martin Marietta, stated, “Consistent with our SOAR (Strategic Operating Analysis and Review) 2025 plan, we continually look for ways to optimize our portfolio and product mix through asset swaps and divestitures. After thoughtful evaluation, we determined that monetization of these operations is the best avenue to maximize value for all stakeholders.” The...

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AutoZone 2nd Quarter Same Store Sales Increase 13.8%; EPS Increases to $22.30

MEMPHIS, Tenn., March 01, 2022 (GLOBE NEWSWIRE) — AutoZone, Inc. (NYSE: AZO) today reported net sales of $3.4 billion for its second quarter (12 weeks) ended February 12, 2022, an increase of 15.8% from the second quarter of fiscal 2021 (12 weeks). Domestic same store sales, or sales for stores open at least one year, increased 13.8% for the quarter. “Our second quarter’s results are a reflection of our AutoZoners’ continued commitment to delivering exceptional service to our customers during these unique times. Our retail and commercial sales performance remained strong this quarter. While our commercial sales growth continued to be elevated at 32.1%, our retail sales growth also remained healthy with over 10% growth against a tough comparison from a year ago. We believe the initiatives we have in place position us well for the...

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McEwen Mining: 2021 Year End and Q4 Results

TORONTO, March 01, 2022 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported fourth quarter and full year results for the period ended December 31, 2021.Cash and liquid assets(2) and working capital at December 31, 2021 were $63.5 million and $32.6 million, respectively.Our operations delivered production in line with our guidance. For the full year 2021, production was 154,410 gold equivalent ounces (GEOs)(1), above the midpoint of guidance for the year and 34% higher than 2020 production.Production costs/oz for 2021 decreased compared to 2020 and additional reductions remain a focus. Cash costs(2) per GEO sold from our 100%-owned mines in 2021 were $1,453 representing a decrease of 18% compared to 2020. All-in sustaining costs (“AISC”)(2) per GEO sold from our 100%-owned mines in 2021 were $1,635,...

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