Day: April 22, 2022

SHELTON, Conn., April 22, 2022 (GLOBE NEWSWIRE) — Acme United Corporation (NYSE American: ACU) today announced that net sales for the quarter ended March 31, 2022 were $43.3 million compared to $43.5 million in the first quarter of 2021. Net income was $830,000 or $0.22 per diluted share for the quarter ended March 31, 2021, compared to $2,046,000, or $0.52 per diluted share, for the comparable period last year, a decrease of 59% in net income and 58% in diluted earnings per share. Chairman and CEO Walter C. Johnsen said, “Despite strong orders, revenues in the first quarter were reduced due primarily to supply chain disruptions. Direct import sales in which certain large, mass market customers take delivery from ports in China were affected by factory shutdowns and major port closures in China, as COVID-19 spread rapidly after...

Q1 FY 2022 Revenue of $577,689, Growth of $567,807 over Prior Year Q1 Cash Position of $3.57M + Additional $451K in Receivables VANCOUVER, British Columbia, April 22, 2022 (GLOBE NEWSWIRE) — Liquid Media Group Ltd. (the “Company,” “Liquid Media” or “Liquid”) (NASDAQ: YVR), a business solutions company empowering independent producers and content creators from inception through monetization, today reported financial results for its first quarter of fiscal year (FY) 2022, ended February 28, 2022. All amounts are stated in US dollars unless otherwise indicated. Highlights:Sales for the first quarter of FY 2022 were $577,689, up $567,807 from the comparable quarter of FY 2021. Gross profit for the first quarter was $39,276, an improvement of $167,228 from the 2021 first-quarter gross profit (loss) of ($127,981). Increases in sales...

EL CENTRO, CA, April 22, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – CMUV Bancorp, the holding company for Community Valley Bank, is pleased to announce unaudited 1st quarter results for the quarter ending March 31, 2022. Net Income came in at $1,066,067. This is the highest net income for a 1st quarter in bank history. The net income number equaled $0.57 per share. Total assets reached $284.7 MM. Total deposits came in at $248.7 MM. Gross loans surpassed $201.8 MM. The Bank‘s Community Bank Leverage Capital ratio at March 31, 2022 was 10.76%. This is well above the ratio required to be considered a well-capitalized bank. Our Allowance for Loan and Lease Losses ended the quarter at $2,369,670, or 1.17%, of total loans. Non-accrual loans and Past Due loans remain very low at 0.95%. Both Board and Management believe the ALLL is fully...

Mifflintown, PA, April 22, 2022 (GLOBE NEWSWIRE) — Juniata Valley Financial Corp. (OTC Pink: JUVF) (“Juniata”), announced net income for the quarter ended March 31, 2022 of $2.1 million, an increase of 29.4%, compared to net income of $1.6 million for the quarter ended March 31, 2021. Earnings per share, basic and diluted, for the three months ended March 31, 2022 was $0.42, 27.3% greater than the $0.33 reported for the three months ended March 31, 2021. President’s Message President and Chief Executive Officer, Marcie A. Barber stated, “We are very pleased to deliver strong financial performance as we begin a new fiscal year. These results are indicative of our resolve to responsibly navigate changes in this challenging economic environment as evidenced by our strong credit quality. We are focused on expanding quality loan relationships...

CHRISTIANSTED, U.S. Virgin Islands, April 22, 2022 (GLOBE NEWSWIRE) — Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced financial and operating results for the first quarter of 2022. First Quarter 2022 Highlights and Recent DevelopmentsThe Company announced the creation of the Alternative Lending Group (“ALG”) and approved an initial equity capital commitment of up to $40 million for the purchase and origination of alternative mortgage loans. The Company acquired a total commitment amount of $18.5 million in loans, of which $17.8 million was outstanding at March 31, 2022.As of March 31, 2022, AAMC’s cash position was $54.3 million, which is net of the $17.8 million spent for the acquired loans.The Company intends to bring a lawsuit against our former director, Nathaniel...

ZEELAND, Mich., April 22, 2022 (GLOBE NEWSWIRE) — Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three months ended March 31, 2022. 1st Quarter 2022 SummaryNet sales of $468.3 million Gross profit margin of 34.3% Net income of $87.5 million 2.44 million shares repurchased during the quarter FDM Launch for 12th and 13th OEM 5 New Nameplate Launches for FDM bringing total nameplates to 70For the first quarter of 2022, the Company reported net sales of $468.3 million, compared to net sales of $483.7 million in the first quarter of 2021. For the first quarter of 2022, global light vehicle production decreased approximately 5% when compared to the first quarter of 2021. Additionally, light vehicle production...