Day: May 16, 2022

BERLIN, MD, May 16, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Calvin B. Taylor Bankshares, Inc. (the “Company”) (OTCQX: TYCB), parent company of Calvin B. Taylor Bank, today reported net income of $2.29 million for the first quarter ended March 31, 2022 (“1Q22”), as compared to $2.60 million for the first quarter ended March 31, 2021 (“1Q21”) and $2.14 million for the fourth quarter ended December 31, 2021 (“4Q21”).  President and Chief Executive Officer Raymond M. Thompson remarked, “The Company experienced strong commercial and residential organic loan growth in 1Q22 as borrowers moved to consummate credit needs ahead of a forecasted, and realized, Federal Reserve interest rate increase during the quarter.  The Federal Reserve’s March 2022 rate increase constituted the first interest rate increase since December 2018.  The Company’s...

Cash on hand was $8,327,812 as at March 31, 2022, up 7,309% compared to $112,397 as at December 31, 2021. Cash provided by operating activities was $8,211,415 in the three months ending March 31, 2022, compared to cash used by operating activities of $4,382,478 in the prior three months ending March 31, 2021. Revenue was $16,693,947 in the three months ending March 31, 2022, up 48%, compared to $11,248,001 over the prior three months ending March 31, 2021. Gross profit was $6,409,277 in the three months ending March 31, 2022, up 518%, compared to $1,053,888 over the prior three months ending March 31, 2021. Net loss was $1,436,609 in the three months ending March 31, 2022, an improvement of 86%, compared to $9,960,138 over the prior three months ending March 31, 2021.TORONTO, May 16, 2022 (GLOBE NEWSWIRE) — Medivolve Inc. (“Medivolve”...

NEW YORK, NY, May 16, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Dewmar International BMC Inc. announced today that its complete disclosure statements and financial reports for the quarter ended March 31, 2022 is available for download on its website. The file is not password protected and anyone can view the disclosure statements and financial statements by simply clicking on the download button. To view the complete reports, simply visit https://dewmarinternational.com and click on Financials on the top navigation row or click on the following link. https://dewmarinternational.com/financials This press release is not an offer to sell or a solicitation of an offer to buy securities. Donald Hunter, Chairman and Chief Executive Officer of Dewmar commented, “We are announcing this required information to be deemed to be providing...

SHANGHAI, China, May 16, 2022 (GLOBE NEWSWIRE) — Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China’s leading local on-demand delivery and retail platform, today announced its unaudited financial results for the first quarter ended March 31, 2022. First Quarter 2022 HighlightsTotal net revenues in the first quarter were RMB2,025.3 million. Total Gross Merchandise Volume (“GMV”) of JDDJ for the twelve months ended March 31, 2022 was RMB49.1 billion, an increase of 74.4% year over year from RMB28.1 billion in the same period of 2021. Number of active consumers for the twelve months ended March 31, 2022 was 67.9 million, as compared with 46.1 million in the same period of 2021.“We are proud of our results in the first quarter of 2022 and excited by the progress in our business, as we gain trust from more consumers,...

BOLTON, Ontario, May 16, 2022 (GLOBE NEWSWIRE) — Titanium Transportation Group Inc. (“Titanium” or the “Company”) (TSXV:TTR), a leading provider of transportation and logistics services throughout North America, is pleased to report its financial results for the three month period ended March 31, 2022. All amounts are in Canadian currency. Q1 2022 Financial Highlights compared with Q1 2021Record consolidated revenue of $136.0 million — an increase of 58.7% Consolidated EBITDA(1) of $13.9 million — an increase of 85.2% — EBITDA Margin(1) of 11.5% Logistics segment revenue of $87.9 million — an increase of 84.9% — including US freight brokerage revenue of $54.9 million which increased 69.6% Logistics segment EBITDA of $9.2 million –EBITDA Margin of 11.5% Truck Transportation...