Gulf Resources Announces First Quarter of 2022 Financial Results and Plan to Present 6-year Financial Plan by the end of June 2022

Written by Customer Service on May 13, 2022. Posted in Earnings Releases And Operating Results.

SHOUGUANG, China, May 13, 2022 (GLOBE NEWSWIRE) — Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources”, “we,” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced financial results for the first quarter ended March 31, 2022 as well as its plan to provide investors with its 6 year financial plan by the end of June 2022. Despite the closure of all our operating facilities for 51 of the 90 days of the first quarter, 2022 and the additional time to restart production, the costs of our closed facilities, and a negative non-cash charge on foreign currency translation losses, Gulf Resources reported near breakeven results for the first quarter. During this period, our operating loss was reduced 98% to $65,087 from $3,281,424. With the strong...

Nova LifeStyle, Inc. Reports First Quarter FY 2022 Results

Written by Customer Service on May 13, 2022. Posted in Earnings Releases And Operating Results.

LOS ANGELES, May 13, 2022 (GLOBE NEWSWIRE) — Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced financial results for the first quarter ended March 31, 2022. Key Financial Highlights: Net sales for three months ended March 31, 2022 were $3.67 million, an increase of 10% from $3.33 million in the same period of 2021. Net loss for the three months ended March 31, 2022 was $0.86 million, as compared to a net loss of $0.76 million in the same period of 2021. Tawny Lam, Chairperson and Chief Executive Officer of Nova LifeStyle, stated, “The quarter saw the Company progress on plan and within our budget as we aggressively pursue new sales opportunities and get back to our normal operations. We celebrated our 30th year in the home furnishings industry and launched our 30th Anniversary Collection...

Zosano Pharma Reports First Quarter 2022 Financial Results

Written by Customer Service on May 13, 2022. Posted in Earnings Releases And Operating Results.

FREMONT, Calif., May 13, 2022 (GLOBE NEWSWIRE) — Zosano Pharma Corporation (NASDAQ:ZSAN), a clinical-stage biopharmaceutical company, today announced financial results for the first quarter ended March 31, 2022. All share and per share information included in these financial results and statements has been retroactively adjusted to give effect to our April 11, 2022 1-for-35 reverse stock split. Zosano reported a net loss for the first quarter of 2022 of $33.4 million, or $7.86 per share on a basic and diluted basis, compared with a net loss of $8.1 million, or $2.73 per share on a basic and diluted basis, for the same quarter in 2021. Research and development expenses for the first quarter of 2022 were $4.5 million, compared with $5.3 million for the same quarter in 2021. The decrease of $0.8 million was primarily due to a decrease...

Uniroyal Global Engineered Products, Inc. Reports Financial Results For the First Quarter Ended April 3, 2022

Written by Customer Service on May 13, 2022. Posted in Earnings Releases And Operating Results.

SARASOTA, Fla., May 13, 2022 (GLOBE NEWSWIRE) — Uniroyal Global Engineered Products, Inc. (OTCQB:UNIR) today reported financial results for the first quarter of fiscal 2022 ended April 3, 2022. Financial Summary Net Sales of $20,070,551 declined 8.3% from the first quarter of the prior year Net Loss of $545,356 versus Net Income of $1,036,001 which included non-recurring income Loss Per Common Share of $0.15 versus Earnings Per Common Share of $0.06 in the prior year Overview Delays in customer production levels due to supply shortages, primarily microchips to the Automotive manufacturers, the lingering effects of the Covid viruses, a ramped up inflationary environment, as well as unfavorable currency adjustments, all led to significant headwinds for the Company in the first quarter of this year. Our U.K. operations was negatively...

Global Diversified Marketing Group Reports Quarterly Results

Written by Customer Service on May 13, 2022. Posted in Earnings Releases And Operating Results.

ISLAND PARK, N.Y., May 13, 2022 (GLOBE NEWSWIRE) — Global Diversified Marketing Group Inc (OTC: GDMK) reports results for its first fiscal quarter ended March 31st, 2022. Quarterly Results for the three months ended March 31, 2022, compared to three months ended March 31, 2021, were as follows: Revenue decreased to $332,885 compared to $823,400, a decrease of 59% over 2021 period. Gross profit margin decreased to 32.5% in 2022 compared to 40.5% in 2021. The net loss for the three months end March 31st, 2022 period was $203,794 compared to a net loss of $410,545 in the three months ended March 31, 2021. Excluding stock-based compensation both periods, the loss for the three-month period ended March 31, 2022 would have been a net loss of $199,279 compared to a profit of $74,993 during the comparable three-month period ended in...

ReWalk Robotics Reports First Quarter 2022 Financial Results

Written by Customer Service on May 13, 2022. Posted in Earnings Releases And Operating Results.

CMS Healthcare Common Procedure Coding System (HCPCS) Public Meeting Agenda includes the ReWalk Exoskeleton MARLBOROUGH, Mass. and BERLIN and YOKNEAM ILIT, Israel, May 13, 2022 (GLOBE NEWSWIRE) — ReWalk Robotics Ltd. (Nasdaq: RWLK) (“ReWalk” or the “Company”) today announced its financial results for the three months ended March 31, 2022. Highlights of and subsequent to the first quarter of 2022 include: Total revenue for the first quarter of 2022 was $0.9 million, compared to $1.3 million in the first quarter of 2021; Placed on June 8th CMS agenda of the Biannual Healthcare Common Procedure Coding System (HCPCS) meeting that includes benefit category determination for the first time under the new DEMPOS rules. This is based on previous interactions with CMS to determine ReWalk’s benefit category and payment status. ReWalk has...

RENAVOTIO, INC. (RIII) Provides Shareholder updates

Written by Customer Service on May 13, 2022. Posted in Public Companies.

Tulsa, OK, May 13, 2022 (GLOBE NEWSWIRE) — Renavotio, Inc. (OTC: RIII) (the “Company”), an infrastructure investment company focused on opportunities, including medical protective equipment, 5G, ISP, utility construction, utility management, IoT, water, waste management technology, and related industries, announces its current shareholder updates. The Company has amended its note due in April from the $2.1-million-dollar glove purchase in February with the plan to pay the balance in July 2022. The Company has paid $1,230,000 from sales on the note and plans to allocate from planned sales to pay the balance due in July. The Company has also completed the purchase of new work trucks and the reconditioning of its installation equipment. Utility Management has begun the bidding process on new business, outbidding 3 of its 4 competitors...

Remuneration of Directors by distribution of Millicom (Tigo) shares

Written by Customer Service on May 13, 2022. Posted in Public Companies.

Remuneration of Directors by distribution of Millicom (Tigo) shares Luxembourg, May 13, 2022 – Millicom International Cellular S.A. (“Millicom”) announces that, in accordance with the resolution of its shareholders at the annual general meeting held on May 4, 2022, it has distributed a total of 40,017 shares to members of its Board of Directors as part of the non-executive director remuneration for the period from the date of the 2022 AGM to the 2023 AGM, to be held in May 2023. Details of the distributions are disclosed on Millicom’s website. For further information, please contact Press:Yocasta Valdez, Group Manager Digital Media & Communicationspress@millicom.com Investors:Michel Morin, VP Investor RelationsSarah Inmon, Director Investor Relationsinvestors@millicom.com About Millicom Millicom (NASDAQ U.S.: TIGO,...

Brain Scientific Announces First Quarter 2022 Results

Written by Customer Service on May 13, 2022. Posted in Earnings Releases And Operating Results.

LAKEWOOD RANCH, Fla., May 13, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Brain Scientific (OTCQB:BRSF) today reports its business highlights and financial results for the first quarter ended March 31, 2022. First Quarter and Recent Highlights Announced its novel neurology products will be presented to the NATO Center of Excellence for Military Medicine as an innovative and potentially life-saving tool for armed service personnel. Expanded its reach to Eastern Europe by partnering with CODICO GmBH – bringing the Company’s revolutionary motion control and automation solutions to Poland, Austria, Hungary, Czech Republic and Slovakia. Joined forces with Micro Technology Group which will deliver the Company’s motion control and automation solutions to OEM manufacturers throughout the northeastern United States. Appointed two...

Nokia Corporation: Repurchase of own shares on 13.05.2022

Written by Customer Service on May 13, 2022. Posted in Public Companies.

Nokia CorporationStock Exchange Release13 May 2022 at 21:00 EEST Nokia Corporation: Repurchase of own shares on 13.05.2022 Espoo, Finland – On 13 May 2022 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 300,941 4.66 CEUX 21,589 4.64 AQEU 14,487 4.67 TQEX 12,183 4.66 Total 349,200 4.66 * Rounded to two decimals On 3 February 2022, Nokia announced that its Board of Directors is initiating a share buyback program under the authorization granted by Nokia’s Annual General Meeting on 8 April 2021 to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014...

Day: May 13, 2022

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