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Month: May 2022

Hudson Global Reports 2022 First Quarter Results

OLD GREENWICH, Conn., May 10, 2022 (GLOBE NEWSWIRE) — Hudson Global, Inc. (Nasdaq: HSON) (“Hudson Global” or “the Company”), a leading global total talent solutions company, announced today financial results for the first quarter ended March 31, 2022. 2022 First Quarter SummaryRevenue of $51.9 million increased 50.7% from the first quarter of 2021 and 58.0% in constant currency. Adjusted net revenue of $25.6 million increased 101.1% from the first quarter of 2021 and 107.1% in constant currency. Net income increased to $3.0 million, or $0.97 per diluted share, compared to net loss of $0.2 million, or $0.07 per diluted share, for the first quarter of 2021. Adjusted net income per diluted share (non-GAAP measure)* was $1.23 compared to $0.07 in the first quarter of 2021. Adjusted EBITDA (non-GAAP measure)* was $5.2 million compared...

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Exela Technologies, Inc. Reports Preliminary First Quarter 2022 Results

Revenue of $279.4 million, a decline of 6.9% from Q1 2021 Loss per Share of $0.17 in the first quarter of 2022 Net loss of $57 million in the first quarter of 2022 $78 million of TCV(1) won, a 131% increase compared to Q1 2021 Small-and-Medium-Sized Business (“SMB”) continues strong growth in the first quarter of 2022 with DMR(2) customers growing 39% over Q4 2021 and DrySign users growing 200% over Q4 2021 Total debt(3) reduction of $36 million; annual interest savings of $10 million anticipated Raised $119 million through sale of common stock for business reinvestment Liquidity of $71 million as of March 31, 2022Conference call scheduled for May 10, 2022 at 11:30 AM ET IRVING, Texas, May 10, 2022 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA), a global business process automation (“BPA”)...

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Nuvectis Pharma, Inc. Reports First Quarter 2022 Financial Results and Business Highlights

Dose Escalation Portion of NXP800 Phase 1 Study is Ongoing NXP800 Unique Discovery and Optimization Program Showcased at the 2022 AACR “New Drugs on the Horizon” Session NXP900 Preclinical Potency Against Various Types of Cancer Cells of Squamous Origin Presented at the 2022 AACR Meeting Completed Initial Public Offering Raising $16 Million in Gross Proceeds FORT LEE, N.J., May 10, 2022 (GLOBE NEWSWIRE) — Nuvectis Pharma, Inc (NASDAQ: NVCT) (“Nuvectis” or the “Company”), a biopharmaceutical company focused on the development of precision medicines for serious conditions of unmet medical need in oncology, today reported its financial results for the first quarter of 2022 and provided an update on recent business progress. “At Nuvectis, our goal is to become a leading biopharmaceutical company by developing...

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Stereotaxis Reports 2022 First Quarter Financial Results

ST. LOUIS, May 10, 2022 (GLOBE NEWSWIRE) — Stereotaxis (NYSE: STXS), a pioneer and global leader in surgical robotics for minimally invasive endovascular intervention, today reported financial results for the first quarter ended March 31, 2022. “Stereotaxis demonstrated continued progress on capital adoption despite a challenging macro environment,” said David Fischel, Chairman and CEO. “We are focused on improving our internal commercial capabilities while navigating the external challenges and aggressively advancing the innovations that structurally transform our commercial opportunity.” “During the first quarter, we successfully launched new robotic practices with physicians entirely new to our technology in each of the United States, Europe, and China. We are delighted to see utilization at these practices, and across the installed...

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WISeKey Announces Swiss Intrinsiq Security for Watchmakers’ Brand Protection

WISeKey Announces Swiss Intrinsiq Security for Watchmakers’ Brand Protection WISeKey adds NFT Service for Luxury High-End and Vintage Watches WISeKey, was the first company in the world to use dual factor authentication combined with blockchain technology to secure luxury watches, and currently protects over 2.5 million luxury watches. This technology has received a patent in the USA (see patent here) GENEVA – May 10, 2022: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI, Blockchain and IoT company, today announced a new Swiss Intrinsiq Security for Watchmakers’ Brand Protection. Counterfeiting is a huge and growing issue for the luxury industry. Not only the original manufacturers’ revenues and reputation are at stake, but the end customers are also impacted (quality issues,...

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Mondelēz International Provides Update on Long-Term Growth Strategy at 2022 Investor Day

Confirms strong long-term growth prospects and competitive advantages as a global snacking leader Unveils evolution of long-term strategy to accelerate growth and focus portfolio on attractive chocolate, biscuits and baked snacks categories Updates long-term algorithm to 3% – 5% Organic Net Revenue growth, up from 3%+ Continues portfolio reshaping to accelerate growth and focusCHICAGO, May 10, 2022 (GLOBE NEWSWIRE) — Mondelēz International (Nasdaq: MDLZ) today unveiled the evolution of its strategy to accelerate growth and focus its portfolio to generate strong, sustainable shareholder value. As a result, the Company is updating its long-term algorithm to 3% – 5% Organic Net Revenue growth, up from previous guidance of 3% plus. “Our competitive advantages in the marketplace and focused strategy on global snacking...

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1812 Brewing Company, Inc. Engages Specialty Investment Bank

Tully & Holland Incorporated to assist in KEGS pursuit of acquisition targets$KEGS – 1812 BREWING COMPANY, INC. 1812 AMBER ALEWatertown, NY, May 10, 2022 (GLOBE NEWSWIRE) — 1812 BREWING COMPANY, INC. (OTC Pink: KEGS) (“KEGS” or the “Company”) announced that it has engaged elite Boston, MA-based investment bank Tully & Holland Incorporated (“Tully & Holland” or the “Bank”) to assist KEGS’ efforts to pursue a strategic acquisition or acquisitions in the craft brewing industry.  Specifically, Tully & Holland’s (www.tullyandholland.com) efforts on behalf of the Company will consist of the creation of a target list of craft breweries, which it will research and analyze as potential acquisitions.  And with available funding, the Bank will approach and negotiate potential terms of acquisitions...

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Notice to annual general meeting in Sinch AB (publ)

The shareholders of Sinch AB (publ) (“Sinch” or the “Company”) are hereby summoned to the annual general meeting on Thursday 9 June 2022 at 10:00 (CEST) in the meeting venue Kungsholmen 2, Hotell Courtyard by Marriott Stockholm, Rålambshovsleden 50, Stockholm, Sweden. Entry and registration begins at 9:30 (CEST). The board of directors has, pursuant to, Section 4 of the Swedish Act (2022:121) on Temporary Exemptions to Facilitate the Execution of General Meetings in Companies and Associations, decided that shareholders shall have the right to exercise their voting rights by post prior to the annual general meeting. Accordingly, shareholders may choose to participate at the annual general meeting in person, by proxy or through postal voting. Right to attend the annual general meeting Shareholders who wish to attend the annual general meeting...

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Rubicon Announces the Launch of RUBICONSelect™ Buying Program for Haulers

The new program extends the Company’s buying power to its network of more than 8,000 independent hauler partners Lexington, Kentucky, May 10, 2022 (GLOBE NEWSWIRE) — Rubicon Technologies, LLC (“Rubicon”), a digital marketplace for waste and recycling and provider of innovative software-based solutions for businesses and governments worldwide, today announced the launch of RUBICONSelect™, a new program that allows independently owned waste and recycling haulers to leverage Rubicon’s best-in-class vendor relationships to benefit from special offers, deals, and discounts on valuable business resources. The program is available to all haulers and businesses on the Rubicon marketplace, and helps them run and grow their businesses by connecting them with brand name vendors with whom Rubicon has an existing partnership. Participating...

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Everything Blockchain, Inc. Reports Annual Earnings with Surging Business Performance Indicators

Innovative investments strengthen foundation and position company for continued growth Jacksonville, Florida, May 10, 2022 (GLOBE NEWSWIRE) — Everything Blockchain, Inc. (OTCMKTS: OBTX), a technology company that enables real-world use of blockchain to solve critical business issues, today reported its financial results for the year, which ended January 31, 2022. Key Highlights:Generated $2.5 million revenue in fiscal 2022, up from $0.1 million in fiscal 2021 Adjusted revenue was $11.9 million in fiscal 2022, up 4x from $3.0 million in fiscal 2021 Recorded net income of $2.3 million in fiscal 2022, up from a net loss of $50.0 million in fiscal 2021 Adjusted EBITDA was $5.2 million in fiscal 2022, up from adjusted EBITDA of $1.1 million in fiscal 2021 Completed a series of four transformative acquisitions Changed company name...

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