Day: May 4, 2022

United Community Banks, Inc. and Progress Financial Corporation Announce Merger Agreement

Written by Customer Service on May 4, 2022. Posted in Mergers And Acquisitions.

Expanding Further into Attractive Southeastern Markets GREENVILLE, S.C. and HUNTSVILLE, Ala., May 04, 2022 (GLOBE NEWSWIRE) — United Community Banks, Inc. (NASDAQGS: UCBI) (“United”) and Progress Financial Corporation (“Progress”) announced today the execution of a definitive merger agreement pursuant to which United will acquire Progress, and its wholly-owned subsidiary, Progress Bank & Trust (the “Merger”), in an all-stock transaction with an aggregate value of approximately $271.5 million, or $23.52 per share of Progress common stock, based on United’s closing stock price of $30.55 as of May 3, 2022. Progress is headquartered in Huntsville, Alabama, and operates 14 offices in high-growth, southeastern markets, including, Huntsville, Birmingham, Daphne and Tuscaloosa in Alabama and the Florida Panhandle. As of March 31,...

Harvard Bioscience Announces First Quarter 2022 Financial Results

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

• Revenue up 7% year-over-year despite volatility in China related to COVID-19 and global supply chain headwindsHOLLISTON, Mass., May 04, 2022 (GLOBE NEWSWIRE) — Harvard Bioscience, Inc. (Nasdaq: HBIO) (the “Company”) today announced financial results for the first quarter ended March 31, 2022. Jim Green, Chairman and CEO, said, “Our revenue was up 7% on strength from North American sales despite the impact of lockdowns in China. Demand for our pre-clinical and cellular/molecular (CMT) products continued to be strong, up 7% and 10%, respectively. Adjusted operating income for Q1 was lower than prior year due primarily to higher material, freight and labor costs associated with ongoing global supply disruptions. We also funded growth investments in R&D and marketing. On a GAAP basis, we recorded an operating loss that...

Oncorus Reports First Quarter 2022 Financial Results and Provides Business Updates

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

Additional clinical data from ONCR-177 surface lesion monotherapy expansion and combination expansion cohorts expected in second half of 2022 Preclinical data presented for ONCR-021 and ONCR-788 at AACR Annual Meeting supports selectively self-amplifying vRNA/LNP immunotherapy platform; on track to submit IND for ONCR-021 in mid-2023 Multiple tranche debt capital facility with K2 HealthVentures supports completion of GMP-compliant manufacturing facility; cash runway extended into early 2024CAMBRIDGE, Mass., May 04, 2022 (GLOBE NEWSWIRE) — Oncorus, Inc. (Nasdaq: ONCR), a viral immunotherapies company focused on driving innovation to transform outcomes for cancer patients, today reported first quarter 2022 financial results and highlighted recent achievements and developments. “Early 2022 has been focused on clinical and operational...

Conformis Reports First Quarter 2022 Financial Results

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

BILLERICA, Mass., May 04, 2022 (GLOBE NEWSWIRE) — Conformis, Inc. (NASDAQ:CFMS), an orthopedic medical device company that features personalized knee and hip replacement products, announced today financial results for the first quarter ended March 31, 2022. First Quarter 2022 SummaryTotal revenue of $15.6 million, an increase of 12% year-over-year on a reported basis and 13% on a constant currency basis. Product revenue of $14.9 million, an increase of 9% year-over-year on a reported and constant currency basis. Conformis hip system revenue up 18% year-over-year to $0.8 million. Cash and cash equivalents of $82.7 million as of March 31, 2022. Recently completed the 250th Imprint procedure under the limited market release. New COO, Michael Fillion started April 1, 2022.Executive Commentary – Mark Augusti, President and CEO “We...

ARKO Reports First Quarter 2022 Results

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

Net Income Increases by $17.0 Million; Adjusted EBITDA Grows 18.4% in Q1 2022 Compared to Q1 2021; Fuel, Merchandise Contribution Grows Beats Consensus with Double-Digit EBITDA Growth Compared to Q1 2021 RICHMOND, Va., May 04, 2022 (GLOBE NEWSWIRE) — ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), one of the largest convenience store operators and fuel wholesalers in the United States, today announced financial results for the quarter ended March 31, 2022. First Quarter 2022 Key HighlightsOperating income was $19.3 million for the quarter, an increase of 46% compared to $13.2 million in Q1 2021 Net income was $2.3 million, an increase of almost $17 million compared to a loss of $14.7 million in Q1 2021 Adjusted EBITDA increased 18.4% to $50.1 million for the quarter compared to $42.3 in Q1 2021 Merchandise revenue of $367.0...

Superior Group of Companies, Inc. Reports Operating Results for the First Quarter Ended March 31, 2022

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

Compared to the first quarter 2021:Net Sales increased by 21.8% excluding PPE sales The Office Gurus net sales increased 39.7% BAMKO net sales increased 38.3% excluding PPE salesSEMINOLE, Fla., May 04, 2022 (GLOBE NEWSWIRE) — Superior Group of Companies, Inc. (NASDAQ: SGC), today announced its first quarter operating results for 2022. The Company announced that for the first quarter ended March 31, 2022, net sales increased 1.9% to $143.6 million, compared to first quarter 2021 net sales of $140.8 million. Pretax Income was $6.7 million compared to $13.2 million in the first quarter of 2021. Net income was $5.2 million or $0.32 per diluted share compared to $10.5 million, or $0.66 per diluted share for the first quarter of 2021. Michael Benstock, Chief Executive Officer, commented, “Our promotional products segment and our...

Oatly Reports First Quarter 2022 Financial Results

Written by Customer Service on May 4, 2022. Posted in Dividend Reports And Estimates.

First Quarter Revenue of $166.2 Million Reiterates Fiscal Year 2022 Outlook MALMÖ, Sweden, May 04, 2022 (GLOBE NEWSWIRE) — Oatly Group AB (Nasdaq: OTLY) (“Oatly” or the “Company”), the world’s original and largest oat drink company, today announced financial results for the first quarter ended March 31, 2022. Toni Petersson, Oatly’s CEO, commented, “Given the challenging operating environment, we are pleased with our first quarter revenue results which exceeded our expectations. In March, we saw significant improvements in EMEA and Americas, with record revenue in EMEA and the largest production month ever for the Americas as the manufacturing challenges we experienced at the start of the year due to Omicron began to abate. In Asia, our business was impacted by zero-COVID policy restrictions and subsequent lockdowns, yet what remains...

With 15.4% CAGR, Fitness Tracker Market Size worth USD 114.36 Billion by 2028

Written by Customer Service on May 4, 2022. Posted in Mergers And Acquisitions.

According to Fortune Business Insights, The global fitness tracker market size is expected to reach USD 114.36 billion by 2028, exhibiting a CAGR of 15.4% during the forecast period. Growing Awareness Related to Health and Fitness to Fuel Demand for Fitness Monitoring Products Pune, India, May 04, 2022 (GLOBE NEWSWIRE) — The global fitness tracker market size is expected to reach USD 114.36 billion by 2028, exhibiting a CAGR of 15.4% during the forecast period. The rising adoption of wearable devices among the young population will significantly bolster healthy growth of the market, states Fortune Business Insights, in a report, titled “Fitness Tracker Market, 2021-2028.” the market size stood at USD 36.34 billion in 2020. Significant Development:October 2019: Fitbit collaborated with the Bristol-Myers Squibb-Pfizer alliance to...

Hydrogen Fueling Station Market Size to Hit USD 2.67 Billion by 2028 | Investment in R&D by Companies Such as Praxiar and Ballard Power Systems to Create Exciting Growth Opportunities

Written by Customer Service on May 4, 2022. Posted in Mergers And Acquisitions.

According to Fortune Business Insights, the global hydrogen fueling station market is projected to grow from USD 0.37 Billion in 2020 to USD 2.67 Billion in 2028, at CAGR of 30.8% during forecast period.Hydrogen Fueling Station Market Size Hydrogen Fueling Station Market SizePune, India, May 04, 2022 (GLOBE NEWSWIRE) — The global Hydrogen Fueling Station Market size is expected to showcase exponential growth by reaching USD 2.67 billion by 2028. This information is published by Fortune Business Insights in its report, titled “Hydrogen Fueling Station Market, 2021-2028.” The report further observes that the market stood at USD 0.37 billion in 2020 and is projected to exhibit an astonishing CAGR of 30.8% between 2021 and 2028. Factors such as the increasing investment in developing advanced components and the growing demand...

Offshore Wind Power Market Installed Capacity to Reach 94 GW by 2026 | Industry Size, Share, Growth and Trends Forecast

Written by Customer Service on May 4, 2022. Posted in Mergers And Acquisitions.

According to Fortune Business Insights, the global offshore wind power market size is projected to grow from 23 GW in 2020 to 94 GW in 2026, at CAGR of 19.2% during forecast period; Offering Higher Capacity, 5 MW and Above Segment to Witness Increased AdoptionOffshore Wind Power Market Size Offshore Wind Power MarketPune, India, May 04, 2022 (GLOBE NEWSWIRE) — Constantly increasing demand for energy, baked by decreasing fossil fuel resources is anticipated to drive the global offshore wind power market. Fortune Business Insights has recently published a report, titled “Offshore wind power: global market analysis, insights, and forecast, 2018-2026.” According to the report, in 2018 the global market held an installed capacity of more than 23 GW. The installed capacity of the market is anticipated to expand at an impressive CAGR...

Day: May 4, 2022

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