Xos, Inc. Reports First Quarter 2022 Results

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

LOS ANGELES, May 05, 2022 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading manufacturer of 100% battery-electric Class 5 to Class 8 commercial vehicles, today reported financial results for the quarter ended March 31, 2022. Key Financial and Business Highlights: Revenue for the three months ended March 31, 2022 was $7.0 million. Net loss was $21.2 million and loss from operations was $23.5 million for the three months ended March 31, 2022; Non-GAAP operating loss for the quarter was $20.8 million. Deliveries to name brand customers, including UniFirst, FedEx Ground Operators, and Loomis during first quarter 2022. Cash, cash equivalents and available-for-sale debt securities of $129.7 million as of March 31, 2022. Delivered 56 units to customers in the quarter. “At Xos, we are focused on delivering for our customers. Our...

NCS Multistage Holdings, Inc. Announces First Quarter 2022 Results

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

First Quarter Results Total revenues of $39.1 million, a 37% year-over-year increase and an 8% increase compared to the fourth quarter of 2021 Net loss of $(1.5) million, as compared to $(3.4) million in the first quarter of 2021, a $1.9 improvement; loss per diluted share of $(0.64) Adjusted EBITDA of $2.3 million, as compared to $0.1 million in the first quarter of 2021, a $2.2 million improvement $15.5 million in cash and $8.0 million of total debt as of March 31, 2022 HOUSTON, May 05, 2022 (GLOBE NEWSWIRE) — NCS Multistage Holdings, Inc. (Nasdaq: NCSM) (the “Company,” “NCS,” “we” or “us”), a leading provider of highly engineered products and support services that facilitate the optimization of oil and natural gas well construction, well completions and field development strategies, today announced its results for the quarter...

Phillips Edison & Company Reports First Quarter 2022 Results and Raises Guidance Midpoint

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

CINCINNATI, May 05, 2022 (GLOBE NEWSWIRE) — Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, reported net income attributable to stockholders of $10.1 million, or $0.09 per diluted share, for the three months ended March 31, 2022. Highlights for the First Quarter Ended March 31, 2022 Nareit FFO totaled $67.1 million, or $0.52 per diluted share Core FFO totaled $72.6 million, or $0.56 per diluted share Same-center NOI increased 6.8% versus the first quarter ended March 31, 2021 Leased portfolio occupancy as of March 31, 2022 was 96.2% Comparable new and renewal rent spreads were 34.0% and 14.7%, respectively Acquired three grocery-anchored shopping centers for $100.4 million during the...

One Liberty Properties Reports First Quarter 2022 Results

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

– Acquires Additional Industrial Property – – Property Sales Generate Gains of $4.6 Million and $6.9 Million in the First Quarter and Second Quarter, Respectively – GREAT NECK, N.Y., May 05, 2022 (GLOBE NEWSWIRE) — One Liberty Properties, Inc. (NYSE: OLP), a real estate investment trust focused on net leased properties, today announced operating results for the quarter ended March 31, 2022. “We continue to evolve our portfolio to maximize long-term cash flow to support our dividend,” commented Patrick J. Callan, Jr., President and Chief Executive Officer of One Liberty. “While we continue to pursue acquisitions of additional industrial properties and other select assets, during this time of low-cap rates and rising interest rates, we will remain disciplined as we adhere to our stringent underwriting standards in our ongoing efforts...

VALHI REPORTS FIRST QUARTER 2022 RESULTS

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

Dallas, Texas, May 05, 2022 (GLOBE NEWSWIRE) — Valhi, Inc. (NYSE: VHI) reported net income attributable to Valhi stockholders of $45.4 million, or $1.59 per share, in the first quarter of 2022 compared to $14.8 million, or $.52 per share, in the first quarter of 2021. Net income attributable to Valhi stockholders increased in the first quarter of 2022 as compared to the first quarter of 2021 primarily due to higher operating results from our Chemicals Segment. The Chemicals Segment’s net sales were $562.9 million in the first quarter of 2022 compared to $465.0 million in the first quarter of 2021. The Chemicals Segment’s net sales increased in the first quarter of 2022 compared to the same period in 2021 primarily due to higher average TiO2 selling prices and higher sales volumes. The Chemicals Segment’s TiO2 sales volumes were...

Safeguard Scientifics Announces First Quarter 2022 Financial Results

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

Conference call and webcast on May 5, 2022 at 5 p.m. ET RADNOR, Pa., May 05, 2022 (GLOBE NEWSWIRE) — Safeguard Scientifics, Inc. (NYSE:SFE) (“Safeguard” or the “Company”) today announced financial results for the three months ended March 31, 2022. FIRST QUARTER 2022 HIGHLIGHTS Capital Return Safeguard repurchased 147,795 shares on the open market at an average price of $5.27 per share, totaling $0.8 million. Safeguard has repurchased $0.4 million of additional shares subsequent to the quarter-end on the open market at an average price of approximately $4.71 per share. Exits & Deployments Safeguard funded $2.0 million and $1.4 million of convertible loans to Prognos Health and Clutch Holdings, respectively, as part of financings in which other existing investors also participated. Safeguard Company Performance The...

Generation Bio Reports Business Highlights and First Quarter 2022 Financial Results

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

Company continues to optimize cell-targeted lipid nanoparticle (ctLNP) delivery system for nonviral genetic medicine applications in liver, retina and vaccines Cash balance of $337.0M expected to fund operations into 2024 CAMBRIDGE, Mass., May 05, 2022 (GLOBE NEWSWIRE) — Generation Bio Co. (Nasdaq: GBIO), a biotechnology company innovating genetic medicines for people living with rare and prevalent diseases, reported business highlights and first quarter 2022 financial results. “We are making steady advances in optimizing our cell-targeted lipid nanoparticles, or ctLNPs, for use in our liver and retina programs as well as in developing our platform technologies for novel vaccine applications,” said Geoff McDonough, M.D., president and chief executive officer of Generation Bio. “We believe our approach to genetic medicine has the...

CytomX Therapeutics Reports First Quarter 2022 Financial Results and Provides Business Update

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

– Patient enrollment completed in Arm A in the Phase 2 study of praluzatamab ravtansine in breast cancer, initial data for both Arms A and B on track for second half of 2022 – – Phase 2 expansion study of CX-2029 ongoing, patient enrollment completed for squamous non-small cell lung cancer cohort with data update expected in second half of 2022 – – First-in-human Phase 1 study of CX-904 in advanced solid tumors launching in first half of 2022 – SOUTH SAN FRANCISCO, Calif., May 05, 2022 (GLOBE NEWSWIRE) — CytomX Therapeutics, Inc. (Nasdaq: CTMX), a leader in the field of conditionally activated oncology therapeutics, today reported first quarter 2022 financial results and provided a business update. “The CytomX team continued to execute across our portfolio during the first quarter of 2022, including...

Compass Diversified Reports Strong First Quarter 2022 Financial Results

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

Niche Industrial and Branded Consumer Net Sales Growth Drive Record First Quarter Results Raises Full-Year Outlook Given Strong Q1 Performance WESTPORT, Conn., May 05, 2022 (GLOBE NEWSWIRE) — Compass Diversified (NYSE: CODI) (“CODI” or the Company”), an owner of leading middle market businesses, announced today its consolidated operating results for the three months ended March 31, 2022. “CODI delivered outstanding first quarter results, recording our fifth consecutive quarter of record financial performance that is enabling us to raise our 2022 outlook,” said Elias Sabo, CEO of Compass Diversified. “Despite supply chain challenges and a heightened inflationary environment, our operating teams delivered double-digit sales growth in both our branded consumer and niche industrial businesses. In addition, we produced the highest level...

Dolby Laboratories Reports Second Quarter Fiscal 2022 Financial Results

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

SAN FRANCISCO, May 05, 2022 (GLOBE NEWSWIRE) — Dolby Laboratories, Inc. (NYSE:DLB) today announced the company’s financial results for the second quarter of fiscal 2022. For the second quarter, Dolby reported total revenue of $334.4 million, compared to $319.6 million for the second quarter of fiscal 2021. “We feel confident about our long term growth opportunities despite near term headwinds,” said Kevin Yeaman, President and CEO, Dolby Laboratories. “Our partners continue to enable a growing number of Dolby Vision and Dolby Atmos experiences through content and devices, and we are expanding our business with new immersive experiences through Dolby.io.” Second quarter GAAP net income was $36.7 million, or $0.36 per diluted share, compared to GAAP net income of $76.2 million, or $0.73 per diluted share,...

Day: May 5, 2022

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