Day: May 10, 2022

ACTON, Mass., May 10, 2022 (GLOBE NEWSWIRE) — Psychemedics Corporation (NASDAQ: PMD), the world’s largest provider of hair testing for drugs of abuse, today announced financial results for the first quarter ended March 31, 2022, and the declaration of a cash dividend of $0.07 per share to be paid on June 24, 2022, to shareholders of record as of May 27, 2022. The Company’s revenue for the quarter ended March 31, 2022, was $6.5 million versus $5.7 million for the quarter ended March 31, 2021, an increase of 14%. Net income for the quarter ended March 31, 2022, was $39 thousand or $0.01 per diluted share, versus net income of $83 thousand or $0.01 per diluted share, for the comparable period last year. Raymond C. Kubacki, Chairman and Chief Executive Officer, stated: “We are off to a strong start in the first quarter of 2022....

TORONTO, May 10, 2022 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its first quarter (Q1) results for the period ended March 31st, 2022.Production was 20,850 gold ounces and 336,500 silver ounces, or 25,100 gold equivalent ounces(1) (GEOs)(see Table 1), compared to 30,600 GEOs during Q1 2021. Average cash costs(2) per GEO sold from our 100%-owned mines in Q1 was $1,696, below our guidance of $1,940 to 2,100 per GEO. Average all-in sustaining costs (“AISC“)(2) per GEO sold from our 100%-owned mines was $2,146, below our guidance of $2,340 to 2,560 per GEO.Management continues to work diligently to address operational challenges and reduce costs, while continuing to invest in exploration and the advancement of McEwen Copper’s Los Azules project.Our consolidated net loss in Q1 was $19.3...

Following recent milestone, Lowell Farms enters the year as the largest combined seller of packaged flower and all-flower pre-rolls in California SALINAS, Calif., May 10, 2022 (GLOBE NEWSWIRE) — Lowell Farms Inc. (the “Company”) (CSE: LOWL; OTCQX: LOWLF), a California-born innovator in cannabis cultivation and maker of the legendary brand Lowell Smokes, announces unaudited revenue and operating results for the first quarter and fiscal year (ended March 31, 2022). All figures stated are in US Dollars. First Quarter Financial Highlights:Revenue generated for the three-month period ended March 31, 2022 was $12.4 million; an increase of 13% from Q1 2021. CPG revenue increased 10% sequentially, primarily due to increases in pre-roll and packaged flower revenue. As expected, Lowell Farm Services (LFS) revenue declined $2.8 million...

CALGARY, Alberta, May 10, 2022 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce record-setting financial and operating results for the three months ended March 31, 2022, and to provide a number of updates which demonstrate material advancement of our Pipestone and Wapiti Montney development. Commodity prices in 2022 remained strong. We used our significantly growing adjusted funds flow in a disciplined manner by growing production with new high-return wells to fill and optimize existing facilities while making rapid and meaningful progress in debt reduction. NuVista is continuing through 2022 with strength and increasing momentum. As part of our strategy to maximize the per share value growth of NuVista, our intention is to begin returning capital to shareholders now that our...

VANCOUVER, British Columbia, May 10, 2022 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV; DIV.DB and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce its financial results for the three months ended March 31, 2022 (“Q1 2022”). Q1 2022 HighlightsRevenue of $9.7 million, up 28.0% compared to the three months ended March 31, 2021 (“Q1 2021”). Adjusted revenue1 of $11.0 million, up 24.4% compared to Q1 2021. Distributable cash1 of $7.2 million, up 22.4% compared to Q1 2021. Payout ratio1 of 93.6% based on dividends of $0.22 per share on an annualized basis, an improvement compared to 103.1% in Q1 2021 based on dividends of $0.20 per share on an annualized basis. On March 30, 2022, DIV closed its bought deal offering of $52.5 million principal amount of 6% convertible debentures resulting in net proceeds of $50.4...

First Quarter 2022 Revenues up 59.7% over prior year, with robust new account growth allowing for continued strong results ATLANTA, May 10, 2022 (GLOBE NEWSWIRE) — Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the Company”, “we,” “our” or “us”), a financial technology company which enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced its financial results for the first quarter ended March 31, 2022. First Quarter 2022 Highlights (all comparisons to the prior year period)Total operating revenue increased 59.7% to $229.8 million, 6.1% over fourth quarter 2021. Purchase volume increased 55.2% to $594.1 million. Number of total customers served(1) at period end increased 58.1% to 2.9 million. Over 395,000 new customers serviced...

Reports $62.6 Million of Revenue, up 134% Year-Over-Year SEATTLE, May 10, 2022 (GLOBE NEWSWIRE) — Porch Group, Inc. (“Porch”,” Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today reported first quarter revenues of $62.6 million, compared to first quarter 2021 revenues of $26.7 million, in line with company expectations. CEO Summary “Porch is off to a strong start in 2022,” said Matt Ehrlichman, founder and Chief Executive Officer of Porch Group, Inc. “Our vertical software and insurance segments are performing very well and reported substantial revenue increases. This strong performance early in the year gives us confidence in affirming our previously disclosed guidance and highlights why the team is excited about the remainder of the year.” “Further,...