Month: April 2022

SmartFinancial Announces Results for the First Quarter 2022

Written by Customer Service on April 25, 2022. Posted in Earnings Releases And Operating Results.

Highlights for the First Quarter of 2022Operating earnings1 of $8.6 million, or $0.51 per diluted common share, for the first quarter of 2022 Net organic loan and lease growth of over $136.9 million – 21% annualized quarter-over-quarter increase Non-time deposit growth of over $195.0 million – 23% annualized quarter-over-quarter increase Credit quality remains solid with nonperforming assets to total assets of 0.11%KNOXVILLE, Tenn., April 25, 2022 (GLOBE NEWSWIRE) — SmartFinancial, Inc. (“SmartFinancial” or the “Company”; NASDAQ: SMBK), today announced net income of $8.3 million, or $0.49 per diluted common share, for the first quarter of 2022, compared to net income of $9.8 million, or $0.65 per diluted common share, for the first quarter of 2021, and compared to prior quarter net income of $6.7...

Monroe Capital Corporation Schedules First Quarter 2022 Earnings Release and Conference Call

Written by Customer Service on April 25, 2022. Posted in Public Companies.

CHICAGO, April 25, 2022 (GLOBE NEWSWIRE) — Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that it will report its first quarter 2022 financial results on Tuesday, May 3, 2022, after the close of the financial markets. The Company will host a webcast and conference call to discuss these operating and financial results on Wednesday, May 4, 2022 at 11:00 am ET. The webcast will be hosted on a webcast link located in the Investor Relations section of our website at http://ir.monroebdc.com/events.cfm. To participate in the conference call, please dial (877) 312-8807 approximately 10 minutes prior to the call. Please reference conference ID # 9371837. For those unable to listen to the live broadcast, the webcast will be available for replay on the Company’s website approximately two hours after the event. ABOUT...

Iterum Therapeutics Presented Data at the 32nd European Congress of Clinical Microbiology and Infectious Diseases

Written by Customer Service on April 25, 2022. Posted in Public Companies.

DUBLIN, Ireland and CHICAGO, April 25, 2022 (GLOBE NEWSWIRE) — Iterum Therapeutics plc (Nasdaq: ITRM) (the Company), a clinical-stage pharmaceutical company focused on developing next generation oral and IV antibiotics to treat infections caused by multi-drug resistant pathogens in both community and hospital settings, today announced two poster presentations at the 32nd European Congress of Clinical Microbiology and Infectious Diseases (ECCMID) being held April 23-26, 2022 in Lisbon, Portugal. The poster presentations at ECCMID were as follows:Title: In Vitro Activity of Sulopenem and Comparator Agents Against Anaerobic Clinical Isolates from the SENTRY Surveillance Program 2018-2020Presenting Author: Steven AroninPoster Session: 5a. Mechanisms of action, new compounds, preclinical data & pharmacology of antibacterial agents Title:...

PharmaTher Reports Financial Results for the Third Quarter of Fiscal 2022 and Provides Recent Business Highlights and Update

Written by Customer Service on April 25, 2022. Posted in Earnings Releases And Operating Results.

Nearly $12 million in cash and investment Fully funded for the Company’s development programs, including ketamine injection and infusion product, ketamine microneedle patch and ketamine wearable pump device for mental health, neurological, and pain disorders Seeking FDA approval for KETARX™ (ketamine injection and infusion product) for anesthesia and procedural sedation TORONTO, April 25, 2022 (GLOBE NEWSWIRE) — PharmaTher Holdings Ltd. (the “Company” or “PharmaTher”) (OTCQB: PHRRF) (CSE: PHRM), a leader in specialty ketamine pharmaceuticals, today reported financial results for its third quarter ended February 28, 2022, and provided recent business highlights and update. All amounts are stated in Canadian dollars unless otherwise indicated. “We have made great progress with our product and clinical development programs for ketamine...

Colabor Group Confirms the Closing of the Acquisition of Assets in the Outaouais and Laurentians Territories

Written by Customer Service on April 25, 2022. Posted in Mergers And Acquisitions.

BOUCHERVILLE, Quebec, April 25, 2022 (GLOBE NEWSWIRE) — Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) confirms the closing of the acquisition of certain assets from Ben Deshaies inc. (“Ben Deshaies”) as announced on April 11, 2022. The acquisition includes, in particular, Ben Deshaies’ assets related to foodservice activities in the Outaouais and Laurentians regions, as well as certain related equipment. These activities represent approximately 13 million dollars in annual revenues and will be served from a facility located in Mont-Laurier. Ben Deshaies has been a wholesaler since 1939 and a business partner of Colabor for many years, being a customer of Colabor’s wholesale segment. The acquisition of this new clientele will enable the Company to accelerate its growth in each of these strategic territories. About Colabor Colabor...

Jowell Global Ltd. Announces Full Year 2021 Financial Results

Written by Customer Service on April 25, 2022. Posted in Earnings Releases And Operating Results.

— Full Year Revenue of $170.9 million, up 76.4% year-over-year — SHANGHAI, China, April 25, 2022 (GLOBE NEWSWIRE) — Jowell Global Ltd. (“Jowell” or the “Company”) (NASDAQ: JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China, today announced its financial results for the full year ended December 31, 2021. Full Year 2021 Financial and Operational HighlightsTotal revenues were $170.9 million, an increase of 76.4% from $96.9 million in 2020.Net loss was $6.4 million, a decrease of 278.1% compared to net income of $3.6 million in 2020.Total VIP members1 as of December 31, 2021 were approximately 2.2 million, an increase of 13.6% compared to approximately 2.0 million as of December 31, 2020.Total LHH stores2 as of December 31, 2021 were 26,043,...

First Bank Reports First Quarter 2022 Net Income of $8.2 Million

Written by Customer Service on April 25, 2022. Posted in Earnings Releases And Operating Results.

Quarterly Results Highlighted by Strong Organic Loan Growth, Continued Enhancement of the Bank’s Deposit Mix, and Solid Asset Quality Metrics HAMILTON, N.J., April 25, 2022 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced results for the first quarter of 2022, including net income of $8.2 million, or $0.41 per diluted share. Return on average assets, return on average equity and return on average tangible equityi for the first quarter of 2022 were 1.31%, 12.25% and 13.22%, respectively. In the first quarter of 2021, the Bank reported net income of $9.7 million, or $0.49 per diluted share, and return on average assets, return on average equity and return on average tangible equityi of 1.66%, 16.21% and 17.52%, respectively. First Quarter 2022 Performance Highlights:Total loans of $2.15 billion...

Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company’s First Quarter Conference Call May 4, 2022 at 8:30 A.M. Eastern Time

Written by Customer Service on April 25, 2022. Posted in Public Companies.

CHATTANOOGA, Tenn., April 25, 2022 (GLOBE NEWSWIRE) — You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company’s First Quarter financial results. Astec Industries, Inc. will be releasing the company’s First Quarter financial results to the wire service on Wednesday, May 4, 2022 at approximately 7:00 A.M. Eastern Time. The live call will begin on Wednesday, May 4, 2022 at 8:30 A.M. Eastern Time. Barry A. Ruffalo, President and Chief Executive Officer, Rebecca A. Weyenberg, Chief Financial Officer, and Stephen C. Anderson, Senior Vice President of Administration and Investor Relations will host the call. To access the call, dial (833) 420-0404 on Wednesday, May 4, 2022 at least 10 minutes prior to the scheduled time for the call. International callers should dial (236) 714-4299....

Sun Communities, Inc. Reports 2022 First Quarter Results

Written by Customer Service on April 25, 2022. Posted in Earnings Releases And Operating Results.

Southfield, MI, April 25, 2022 (GLOBE NEWSWIRE) — Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) communities, recreational vehicle (“RV”) resorts and marinas (collectively, the “properties”), today reported its first quarter results for 2022. Financial Results for the Quarter ended March 31, 2022 For the quarter ended March 31, 2022, total revenues increased by $106.5 million, or 24.1 percent, to $548.5 million compared to approximately $442.0 million for the same period in 2021. Net income attributable to common shareholders was $0.7 million, or $0.01 per diluted common share, compared to net income attributable to common shareholders of $24.8 million,...

America’s Car-Mart, Inc. Announces Pricing of Inaugural Asset-Backed Securitization Transaction and Amendment to Loan and Security Agreement

Written by Customer Service on April 25, 2022. Posted in Public Companies.

ROGERS, Ark., April 25, 2022 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) (the “Company”) today announced that it has priced $400 million in aggregate principal amount of asset-backed notes (the “Notes”), a subprime auto loan asset-backed securitization transaction. The Notes will be issued in four classes, collateralized by loans directly originated by the Company’s operating subsidiaries, America’s Car Mart, Inc. and Texas Car-Mart, Inc. (collectively “Car Mart”), with expected ratings of AA- through BB- by Kroll Bond Rating Agency (“KBRA”), and have a final maturity date of April 20, 2029. Credit enhancement for the Notes will consist of overcollateralization, a reserve account funded with an initial amount of not less than 2.00% of the pool balance as of the cut-off date, excess interest on the receivables, and,...

Month: April 2022

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