Month: May 2022

Topicus.com’s subsidiary Total Specific Solutions (“TSS”) acquires a majority share of Sygnity S.A. in Poland

Written by Customer Service on May 16, 2022. Posted in Mergers And Acquisitions.

TORONTO, May 16, 2022 (GLOBE NEWSWIRE) — Topicus.com Inc. (TSXV: TOI) today announced that it has completed the purchase of 72.68% of the shares in Sygnity S.A. (WSE: SGN), for a total consideration of approximately PLN 197 million, through the public tender launched on March 22, 2022. Sygnity S.A. is a well-established vertical market software solution provider in Poland, focusing on banking, finance and insurance, energy, utilities, industry, local and central administration. Sygnity offers dedicated solutions to each of its markets; all focused on automating mission-critical processes of the target audience. Sygnity had net revenue of PLN 183 million in 2021 and has over 850 employees. About Topicus.com Topicus.com is a leading pan-European provider of vertical market software and vertical market platforms to clients in public...

FitLife Brands Announces Preliminary First Quarter 2022 Results

Written by Customer Service on May 16, 2022. Posted in Earnings Releases And Operating Results.

Omaha, May 16, 2022 (GLOBE NEWSWIRE) — FitLife Brands Announces Preliminary First Quarter 2022 Results OMAHA, NE – May 16, 2022 – FitLife Brands, Inc. (“FitLife” or the “Company”) (OTCQX: FTLF), a provider of innovative and proprietary nutritional supplements for health-conscious consumers marketed under the brand names NDS Nutrition, PMD, SirenLabs, Nutrology, CoreActive, Metis Nutrition, iSatori, Energize, and BioGenetic Laboratories, today announced preliminary financial results for the three months ended March 31, 2022. The Company is providing the following preliminary update, not subject to any procedures by our independent registered public accounting firm, regarding its performance for the first quarter ended March 31, 2022 (unaudited):Total revenue is anticipated to be $7.0-7.3 million, of which online revenue is anticipated...

The Greenrose Holding Company Reports First Quarter 2022 Results

Written by Customer Service on May 16, 2022. Posted in Earnings Releases And Operating Results.

Focus on Optimizing Inventory in Connecticut and Production Capacity in Arizona Improving Positioning for Early-Stage Recreational Market Opportunities Provides Revised Guidance for the Full Year Ended December 31, 2022AMITYVILLE, N.Y., May 16, 2022 (GLOBE NEWSWIRE) — The Greenrose Holding Company Inc. (OTC: GNRS, GNRSW) (“Greenrose” or the “Company”), a multi-state grower and producer of cannabis brands and products, is reporting financial and operating results for the first quarter ended March 31, 2022. First Quarter 2022 Financial Summary (Non-GAAP) For the three months ended March 31, Successor Predecessor (in thousands) 2022 2021 Net Income (Loss) $ (14,568 ) $ 2,792 Provision for income taxes 481 251 Interest expense, net 6,619 33 Depreciation...

Healthy Extracts Reports 172% Revenue Growth and Positive Net Income in First Quarter 2022

Written by Customer Service on May 16, 2022. Posted in Earnings Releases And Operating Results.

LAS VEGAS, May 16, 2022 (GLOBE NEWSWIRE) — Healthy Extracts Inc. (OTCQB: HYEX), a leading innovator of clinically proven plant-based products for heart and brain health, reported results for the first quarter ended March 31, 2022. All comparisons are to the same year-ago period unless otherwise noted. Q1 Financial HighlightsNet revenue totaled $463,000, up 172%—a record for Q1. Growth acceleration keeps full year revenue outlook on track to exceed $3 million. Gross profit totaled $325,000, up 152%. Gross margin expanded to 70.1%, compared to 47.4% in the full year of 2021. Net income of $3,000, improving from a net loss of $1.3 million.Q1 Operational HighlightsRecorded a four-fold increase in recurring revenue from product subscriptions. Published new clinical study in World Journal of Advanced Research and Reviews demonstrating...

TILT Holdings Reports First Quarter 2022 Results, Announces $55 Million Non-Dilutive Capital Raise

Written by Customer Service on May 16, 2022. Posted in Earnings Releases And Operating Results.

Sale Leaseback Transactions with IIPR include Massachusetts and Pennsylvania Facilities Net Proceeds from Both Transactions Expected to Reduce Existing Debt by up to 50% PHOENIX, May 16, 2022 (GLOBE NEWSWIRE) — TILT Holdings Inc. (“TILT” or the “Company”) (NEO: TILT) (OTCQX: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, is reporting its financial and operating results for the three months ended March 31, 2022. All financial information is provided in U.S. dollars unless otherwise indicated. “As discussed on our March 30th earnings call, during the first quarter we experienced the effects of inflationary pressure on consumers exacerbated by legacy product mix in our key plant touching markets, coupled with both...

Power Solutions International Announces First Quarter 2022 Financial Results

Written by Customer Service on May 16, 2022. Posted in Earnings Releases And Operating Results.

Power Systems and Industrial End Market Sales Grow by 52% and 33%, Respectively, in the Quarter Gross Profit More Than Doubles; Operating Expense Declines by 27% WOOD DALE, Ill., May 16, 2022 (GLOBE NEWSWIRE) — Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced first quarter 2022 financial results. First Quarter 2022 Results Sales for the first quarter of 2022 were $98.9 million, a decrease of $1.2 million, or 1%, versus the comparable period last year, a result of a sales decline of $25.8 million in the transportation end market, partly offset by increases of $13.1 million and $11.5 million in the power systems and industrial end markets, respectively. Further, overall sales in the first quarter...

Ortho Clinical Diagnostics Shareholders Approve Quidel Transaction

Written by Customer Service on May 16, 2022. Posted in Mergers And Acquisitions.

RARITAN, N.J., May 16, 2022 (GLOBE NEWSWIRE) — Ortho Clinical Diagnostics Holdings plc (NASDAQ: OCDX) (“Ortho” or the “Company”), one of the world’s largest pure-play in vitro diagnostics (IVD) companies, today announced that based on a preliminary vote count by its proxy solicitor, Ortho shareholders have voted to approve the combination of the Company with Quidel Corporation (NASDAQ: QDEL) (“Quidel”) pursuant to the Business Combination Agreement, dated December 22, 2021, by and among the Company, Quidel, and the other parties thereto (the “BCA”). The closing of the transactions contemplated by the BCA is subject to sanction of the combination by the High Court of Justice of England and Wales and satisfaction of other closing conditions and is expected to occur on May 27, 2022. “We are pleased with our shareholders’ vote of confidence...

Endexx Announces Fiscal Second Quarter 2022

Written by Customer Service on May 16, 2022. Posted in Earnings Releases And Operating Results.

Endexx Q2 Year over Year quarterly sales increase 73% CAVE CREEK, AZ, May 16, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Endexx Corporation (OTC: EDXC), a provider of innovative Hemp-derived wellness and nutritional products, today announced its Form 10Q, Second quarter ending March 31, 2022. Endexx continues to rebound and show growth in mass retail sales. The pandemic significantly impacted Endexx’s wholesale clients as many were forced to close their doors. The added 2800 new mass retail stores in the first quarter are now generating an increase in revenues in the second quarter. Endexx reported $254,686 in revenues in its second quarter of fiscal 2022 versus $146,507 in the second quarter of fiscal 2021, a 73% increase. Additionally, six-month numbers showed an increase of 79% with $529,277 in the first 2 fiscal quarters...

NightHawk Biosciences Provides First Quarter 2022 Business Update

Written by Customer Service on May 16, 2022. Posted in Earnings Releases And Operating Results.

DURHAM, N.C., May 16, 2022 (GLOBE NEWSWIRE) — NightHawk Biosciences (NYSE American: NHWK), a fully integrated biopharmaceutical company focused on developing first-in-class therapies to modulate the immune system, today provided strategic, financial, and operational updates for the first quarter ended March 31, 2022. Jeff Wolf, Chief Executive Officer of NightHawk, commented, “We are extremely proud of the progress we have made this quarter to transition NightHawk into a fully-integrated biopharmaceutical company. On the business front, this month we announced the name change to NightHawk Biosciences to better reflect our evolution towards a fully integrated ecosystem that enables more rapid delivery of medical innovations with increased quality and efficiency. The NightHawk ecosystem includes an expanded development pipeline and...

Smart for Life Announces Q1 2022 Financial Results

Written by Customer Service on May 16, 2022. Posted in Earnings Releases And Operating Results.

Company Achieves 679% Year-Over-Year Revenue Growth as Part of Successful Acquisition Strategy Gross Profit Margin Increases to 34.1% Versus 3.7% for the Same Period Last Year MIAMI, May 16, 2022 (GLOBE NEWSWIRE) — Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a global leading developer, marketer, and manufacturer of nutritional and related products, today provided a business update and reported financial results for the first quarter ended March 31, 2022. “I am pleased to report we achieved significant growth in revenue as a result of both organic growth and the successful implementation of our acquisition strategy, to $4.5 million this quarter,” stated Darren Minton, Chief Executive Officer of Smart for Life. “By acquiring three companies, including Doctors Scientific Organica (DSO), Nexus Offers (Nexus)...

Month: May 2022

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