Month: May 2022

Navitas Semiconductor Navitas Semiconductor “Electrify Our World(TM)”.[An earlier version of this press release contained a typographical error in the Business Outlook section—Navitas’ gross margin guidance for Q2 2022 and gross margin guidance for full year 2022 were inadvertently reversed. The error is corrected in this version.] First GaN power company to ship over 50 million units; leads fast & ultra-fast charger market New strategic customers include Samsung, vivo and Motorola First semiconductor company certified CarbonNeutral™ EL SEGUNDO, Calif., May 12, 2022 (GLOBE NEWSWIRE) — Navitas Semiconductor Corporation (Nasdaq: NVTS), the industry leader in GaN Power ICs, today announced unaudited financial results for the first quarter ended March 31, 2022. Net revenues for the quarter increased to $6.7 million,...

CALGARY, Alberta, May 12, 2022 (GLOBE NEWSWIRE) — Badger Infrastructure Solutions Ltd. (“Badger”, the “Company”, “we”, “our” or “us”) (TSX:BDGI) reported first quarter 2022 results today. All results are presented in U.S. dollars unless otherwise stated. 2022 First Quarter and Operational HighlightsRevenue in the first quarter was $114.1 million, up 33% from 2021. Gross profit margin in the first quarter was 18.4% up from 15.7% in 2021. Adjusted EBITDA in the first quarter was $10.7 million up from $4.4 million in 2021. Adjusted EBITDA margin in the first quarter was 9.4% up from 5.1% in 2021. Consolidated revenue per truck per month (“RPT”) for the first quarter was $31,571 up from $23,008 in 2021. Maintained a strong liquidity position with over $197 million in cash and credit facility capacity supported by continued working...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, May 12, 2022 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its first quarter results today. Mike Maguire, Chief Executive Officer commented: “High Arctic built on its strong 2021 closing position this quarter, continuing the trend of increasing revenue and earnings, and coupled this with raises to contract pricing. The increased activity in PNG and growing contribution from the ongoing deployment of our refurbished and enhanced automated hydraulic catwalks in Canada were notable highlights. We were pleased with the successful return to operation of Rig-115 in Papua New...

Q1 2022 Key Highlightsrevenues of $149.9 million adjusted EBITDA of $60.4 million net income of $33.0 million basic earnings of C$0.22/share free cash flow of $54.4 millionRevised FY 2022 Guidanceadjusted EBITDA guidance of $210-230 million net income guidance of $80-95 million basic earnings guidance of C$0.55-0.65/share maintenance capex guidance of $15-23 million growth capex guidance of $15-22 million free cash flow guidance of $150-165 millionCEO Commentary “We are pleased to report record performance during the first quarter of 2022 in terms of safety and financial results along with continued strong operational performance. We recorded $150 million of revenues and $60 million of adjusted EBITDA for the quarter and continued strong production out of our Conda facility. In addition, we made great progress toward deleveraging...

CALGARY, Alberta, May 12, 2022 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX: SFD; OTC QB: NSFDF) today announced the Company’s financial and operating results for the quarter ended March 31, 2022. All dollar amounts herein are in Canadian Dollars unless otherwise identified. Financial and Operating Highlightscash and short-term investments at March 31, 2022 were $1.87 million; accounts receivable payments of approximately $246,922 was received in Q1-22, $154,326 in April 2022, and $390,000 is anticipated to be received in May 2022; the Company recorded SFD® related revenues of $nil; a net loss of $1.84 million was recorded for Q1-22, including stock based compensation expense (“SBCE”) and amortization expense of $0.50 million; net loss per common share for...

TORONTO, May 12, 2022 (GLOBE NEWSWIRE) — VitalHub Corp. (the “Company” or “VitalHub”) (TSX: VHI) announced today it has filed its Interim Condensed Consolidated Financial Statements and Management’s Discussion and Analysis report for the three months ended March 31, 2022 with the Canadian securities authorities. These documents may be viewed under the Company’s profile at www.sedar.com. When asked to comment on the results, Vitalhub CEO Dan Matlow said, “The ongoing global market drive to use digital solutions to reduce capacity constraints, improve patient access to services and manage the flow of patients through local health systems in both hospital and community settings is a key factor in the increased adoption of Vitalhub’s proven solutions. We have seen this increased adoption across all products of the company...

HIGHLIGHTSAverage boric acid prices increased by more than 50% during CQ1 2022, as compared to average pricing in 2020 and 2021, reflecting favorable market dynamics and continued strong demand Updated Project scope to focus on boron and lithium which, if successful, could enable 5E to become an important participant in the U.S. lithium market Small-Scale Boron Facility (“SSBF”) targets mechanical completion in CQ4 2022 after breaking ground in April 2022 Planning for our proposed large-scale complex progressing with SSBF in-service projected to provide critical information to help optimize the efficiency, output and economic profile for the large-scale complex Letter of Intent signed for boron advanced material that focuses on industrial and military applications Government specialists engaged to pursue government funding after U.S....

VANCOUVER, British Columbia, May 12, 2022 (GLOBE NEWSWIRE) — Glacier Media Inc. (TSX: GVC) (“Glacier” or the “Company”) reported revenue and earnings for the period ended March 31, 2022. SUMMARY RESULTS(thousands of dollars)   Three months ended March 31,except share and per share amounts     2022       2021           Revenue   $ 42,232     $ 39,497  EBITDA (1)   $ 2,240     $ 4,403  EBITDA (1) margin     5.3 %     11.1 %EBITDA (1) per share   $ 0.02     $ 0.04  Capital expenditures   $ 1,092     $ 1,113  Net (loss) income attributable to common shareholder   $ (666 )   $ 1,731  Net (loss) income attributable to common shareholder per share   $ (0.01 )   $ 0.01           Weighted average shares outstanding, net     132,755,559       125,213,346           Results including joint ventures...