Day: May 17, 2022

Industrial Nanotech Inc. Achieves Stellar Financial Performance in the First Quarter of Fiscal 2022

Written by Customer Service on May 17, 2022. Posted in Earnings Releases And Operating Results.

Industrial Nanotech, Inc. reports record revenue growth of $3 million in the first quarter of fiscal 2022Revenue of $3M 678% Q/Q revenue growth Net income of $1.6M Gross profit margin of 60%BROOMFIELD, Colo., May 17, 2022 (GLOBE NEWSWIRE) — via InvestorWire – Industrial Nanotech, Inc (Pink Sheets: INTK). Despite strong economic headwinds, global nanoscience solutions and research leader Industrial Nanotech, Inc. posted sterling financial results for the first quarter ended March 31, 2022. The company posted a March quarter revenue record of $3m, up 678% on the previous quarter (December 31, 2021) of $385,793; the most positive result ever recorded in the company’s history. Stuart Burchill, CEO of Industrial Nanotech, said, “We delivered an exceptional first-quarter performance with record revenue profitability, driven by strong...

Cemtrex Reports Second Quarter 2022 Financial Results

Written by Customer Service on May 17, 2022. Posted in Earnings Releases And Operating Results.

Second Quarter Revenues Increase 37% to $12.7 Million Brooklyn, NY, May 17, 2022 (GLOBE NEWSWIRE) — – Cemtrex Inc. (NASDAQ: CETX, CETXP), a technology company driving innovation in Internet of Things (IoT), security, machine vision & artificial intelligence, and augmented & virtual reality, has reported its financial and operational results for the second quarter ended March 31, 2022. Key Second Quarter 2022 and Subsequent HighlightsRevenue increased 37% to $12.7 million compared to $9.3 million in Q2’21. Announced a strategic shift towards prioritizing its core businesses, in particular Vicon Industries, its security technology brand to maximize shareholder value, drive long term growth, and profitability. In conjunction with the strategy shift to bolster its Advanced Technologies segment, Cemtrex is exploring...

Asia Broadband Signs Definitive Acquisition Agreement for La Paz Gold Mine Project in Etzatlan Mexico

Written by Customer Service on May 17, 2022. Posted in Mergers And Acquisitions.

LAS VEGAS, May 17, 2022 (GLOBE NEWSWIRE) — Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that it has signed a definitive purchase agreement to acquire a 100% interest in the La Paz Gold Mine Project in Mexico. The Company came to terms with Felipe Chávez Serrano and group for the 184 hectare La Paz concession, # 236301, located in the municipality of Etzatlan in Jalisco, Mexico. The total purchase price of the property was $700,000 and the Company is negotiating to acquire additional mining concessions in the area. The La Paz gold project is another mining asset addition in the Company’s strategic expansion initiative to acquire gold production and increase the AABB’s physical gold holdings. “The La Paz property is a key strategic acquisition for the Company’s mining property portfolio that will...

Medaro Enters into Option Agreement to Acquire 100% of Lac La Motte Property

Written by Customer Service on May 17, 2022. Posted in Mergers And Acquisitions.

Historical Diamond Drilling on the property has yielded results as high as 1.65% Li20 VANCOUVER, British Columbia, May 17, 2022 (GLOBE NEWSWIRE) — Medaro Mining Corp. (CSE: MEDA) (OTC: MEDAF) (FWB: 1ZY) (“Medaro” or the “Company”), a multi-faceted venture aimed at developing innovative spodumene processing technology concurrent with its lithium focused exploration in Canada, is pleased to announce that it has entered into an option agreement (the “Agreement”) with Fayz Yacoub (the “Optionor”) to acquire up to a 100% interest in and to the Lac La Motte property located in northwestern Quebec, Canada (the “Property”). The Property is composed of eleven (11) mineral claims, covering approximately 519 hectares. The Lac La Motte property is located in the prolific mining area of Abitibi, Quebec, 40 kilometers Northwest of the city of...

SUMR Brands Reports 2022 First Quarter Results

Written by Customer Service on May 17, 2022. Posted in Earnings Releases And Operating Results.

Transaction with Kids2 Targeted to Close in Second Quarter WOONSOCKET, R.I., May 17, 2022 (GLOBE NEWSWIRE) — SUMR Brands (“SUMR Brands” or the “Company”) (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal first quarter ended April 2, 2022. Recent HighlightsNet sales were $34.4 million in the first quarter versus $36.2 million in the prior-year period, as continuing supply chain issues impacted the Company’s ability to meet demand in certain segments SUMR reported a net loss of $3.9 million, or $(1.81) per share, for the first quarter of 2022 compared with net income of $0.3 million, or $0.12 per share, in the prior-year period, largely reflecting elevated supply chain expenses and inefficiencies as well as increased product cost Adjusted...

Soluna Holdings Announces April Site Level Financials

Written by Customer Service on May 17, 2022. Posted in Earnings Releases And Operating Results.

On Track to Achieve 1.26 EH/s by June 30th; Reiterates 3EH/s Ramp into the Fourth Quarter ALBANY, NY, May 17, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for cryptocurrency mining and other intensive computing, today announced the release of its April site level financials. Michael Toporek, CEO of Soluna Holdings stated, “We had a strong month in April and, despite Bitcoin’s average price dropping by almost 25%, are set for a solid May. Our proprietary hash rate in May relative to April will grow by over 60%. Our margins will be solid as our costs are amongst the best in the industry.” Toporek added, “I am especially proud of this month’s announcement that Spring Lane...

Firm Capital Property Trust Comments on $20.0 Million Bought Deal Financing Announcement

Written by Customer Service on May 17, 2022. Posted in Public Companies.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, May 17, 2022 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust“), (TSX: FCD.UN) announced on May 16, 2022 that it intends to complete an offering of 2,820,000 trust units (the “Trust Units“) of FCPT at a price of $7.10 per Trust Unit (the “Issue Price“) for gross proceeds of approximately $20 million (the “Offering“). Pursuant to the Offering, the Trust has also granted the underwriters an over-allotment option to purchase up to an additional 423,000 Trust Units at the Issue Price exercisable, in whole or in part, at any time and from time to time until 30 days following the closing of the Offering, to cover over-allotments (if any)....

Laurentian Bank of Canada declares dividend on its preferred shares

Written by Customer Service on May 17, 2022. Posted in Dividend Reports And Estimates.

MONTREAL, May 17, 2022 (GLOBE NEWSWIRE) — The Board of Directors of the Laurentian Bank of Canada (TSX: LB) (the “Bank”) declared today a dividend of $0.2576875 on the preferred shares Series 13, payable on June 15, 2022, to shareholders of record at the close of business on June 7, 2022. The above-mentioned dividends are designated as eligible dividends for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation. The preferred shares are Eligible Shares under the Bank’s Shareholder Dividend Reinvestment and Share Purchase Plan (the “Plan”). Consequently, the holders of such shares may elect to reinvest their dividends in newly issued common shares of the Bank. Under the Plan, the Bank has the discretion to either purchase the additional common shares in the open market or...

UPDATE: Otonomo Reports First Quarter 2022 Financial Results

Written by Customer Service on May 17, 2022. Posted in Earnings Releases And Operating Results.

HERZLIYA, Israel and SAN FRANCISCO, May 17, 2022 (GLOBE NEWSWIRE) — Otonomo Technologies Ltd. (Nasdaq: OTMO), the platform powering the mobility economy, today announced its first quarter 2022 financial results reflecting strong growth year over year, continued momentum in demand for key mobility services use cases, new customers and the strategic acquisition of The Floow. Revenue for the first quarter was $1.03 million, an increase of 380% year over year. Otonomo’s cash and cash equivalents, and restricted cash balance as of March 31, 2022, was $196.8 million. First Quarter 2022 Financial Highlights:Total revenue for the first quarter was $1.03 million compared to $0.22 million in the first quarter 2021GAAP operating loss for the first quarter was $15.1 million compared to a loss of $4.3 million in the first quarter 2021Non-GAAP...

REE Automotive Announces First Quarter 2022 Financial Results

Written by Customer Service on May 17, 2022. Posted in Earnings Releases And Operating Results.

Business plan on track towards firm orders and start of productionMarket’s first fully drive-by-wire electric van, developed with EAVX, a subsidiary of JB Poindexter & Co, to begin validation and road testing by pipeline customers in the U.S. Positive feedback on the P7 platform from pipeline customers, including two global OEMs and three large fleets Integration center robotic assembly line on track, with anticipated capacity of 10,000 vehicle sets by the end of 2022 P7 commercialization on track and fundedTEL AVIV, Israel, May 17, 2022 (GLOBE NEWSWIRE) — REE Automotive Ltd. (NASDAQ: REE) (“REE” or the “Company”), an automotive technology leader and provider of electric vehicle (EV) platforms, today announced its financial results for the first quarter of 2022. REE is focused on executing milestone deliverables on its...

Day: May 17, 2022

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