Month: May 2022

AgEagle Announces First Quarter 2022 Results

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

Supply Chain Challenges Impact First Quarter Results; Expects Strong Organic Growth for the Year WICHITA, Kan., May 17, 2022 (GLOBE NEWSWIRE) — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), a leading provider of a unified line of industry trusted drones, sensors and software, today announced its financial results for the three months ended March 31, 2022. Financial Highlights for the Comparable Three-Month Periods Ended March 31, 2022 and March 31, 2021Revenues climbed 126% to $3.84 million compared to $1.70 million.The increase was attributable to sales of eBee drone products and software subscriptions related to the HempOverview and Ground Control platforms, offset by lower revenues reported for the Company’s sensor products. The decline in sensor sales was caused by ongoing global supply...

BioCorRx Business Update for the First Quarter of 2022

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

ANAHEIM, CA, May 17, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – BioCorRx Inc. (OTCQB: BICX) (the “Company”), a developer and provider of innovative treatment programs for substance abuse and related disorders, today provided a business update for the first quarter ended March 31, 2022 and reported on recent corporate developments. Lourdes Felix, CEO, CFO and Director of BioCorRx Inc., commented, “We are pleased to report progress on our upcoming first-in-human clinical trial of BICX104, an implantable biodegradable naltrexone pellet for the treatment of opioid use disorder (OUD), which is being developed under BioCorRx Pharmaceuticals, Inc., the Company’s controlled R&D subsidiary.” “Last month, we announced that we have begun the recruiting and enrollment process for the clinical trial. This was a major milestone as it marks...

Kaya, Inc. Announces Preliminary Results of Operations for the First Four Months of 2022

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

LOS ANGELES and KINGSTON, Jamaica, May 17, 2022 (GLOBE NEWSWIRE) — NUGL Inc. (“NUGL”) (OTC: NUGL), a global cannabis lifestyle brand and technology-based multimedia platform, announced today the Kaya Group (“Kaya”) posted preliminary revenues of $741,003.00 for the first four months of 2022. For the first four months of Fiscal 2022, which include January through April, Kaya, Inc. had unaudited revenues of $741,003.00 and adjusted EBITDA of -$104,275.00. For the month of April, Kaya had unaudited revenues of $215,341.00 and positive adjusted EBITDA of $47,534.00. For the Fiscal Year ending December 31, 2021, Kaya posted unaudited gross revenues of $2.2 million, with gross margins of 61%. Adjusted EBITDA for Fiscal 2021 showed a small loss of $71,000.00. Nearing the middle of 2022, Kaya is now approaching its 4 1/2-year...

C-Bond Systems Announces Record First Quarter 2022 Revenue, an Increase of 228% from First Quarter 2021

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

HOUSTON, May 17, 2022 (GLOBE NEWSWIRE) — C-Bond Systems (the “Company” or “C-Bond”) (OTC: CBNT), a nanotechnology solutions company, today announced financial results for the quarter ended March 31, 2022, reporting record first quarter revenue in excess of $510,000, an increase of 228% from the first quarter of 2021. This is the highest revenue that the Company has reported in any first quarter in its history. First Quarter 2022 Financial Highlights:For the three months ended March 31, 2022, sales amounted to $510,709 as compared to $155,650 for the three months ended March 31, 2021, an increase of $355,059, or 228.1%. For the three months ended March 31, 2022, operating expenses amounted to $1,934,843 as compared to $4,969,864 for the three months ended March 31, 2021, a decrease of $3,035,021, or 61.1%. For the three months...

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...

Month: May 2022

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