Month: May 2022

Navios Maritime Partners L.P. Announces Acquisition of Four Newbuilding Tanker Vessels and Entry into Two Related Charter Agreements

Written by Customer Service on May 4, 2022. Posted in Mergers And Acquisitions.

MONACO, May 04, 2022 (GLOBE NEWSWIRE) — Navios Maritime Partners L.P. (“Navios Partners”) (NYSE: NMM), an international owner and operator of dry cargo and tanker vessels, announced today that it agreed to purchase four 115,000 dwt LR2 newbuilding vessels, for a purchase price of $58.5 million each (plus $4.2 million in additional features/improvements). The vessels have been designed with the latest technology to optimize efficiency. They are expected to be delivered into Navios Partners’ fleet during 2024 and first quarter of 2025. The closing of the transaction is subject to completion of customary documentation. Vessel charters The two 115,000 dwt LR2 newbuilding vessels expected to be delivered in 2024, have been chartered-out for an average period of 60 months, at a net rate of $25,576 per day to an investment grade charterer. The...

eXp World Holdings Reports Record First Quarter 2022 Revenue of $1.0 Billion

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

Image 1 eXp reports its fourth billion-dollar revenue quarter in a row.Image 2 eXp reports $1.0 billion in revenue, a 73% increase.Image 3 Transaction volume increased 69%Image 4 Transactions closed increased 55%Image 5 Agent success obsessed! Agent net promoter score of 71Q1 2022 Revenue Increased 73% Year-over-Year to $1.0 Billion, Driven by Agent Growth of 55% Company Declares Cash Dividend for Q2 2022 of $0.04 per Share of Common Stock Board Increases Stock Repurchase Program to $20 Million per Month and $500 Million Total BELLINGHAM, Wash., May 04, 2022 (GLOBE NEWSWIRE) — eXp World Holdings, Inc. (Nasdaq: EXPI), (or the “Company”), the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises, today announced financial results for the first quarter ended March 31, 2022. First Quarter 2022 Financial Highlights...

Cumulus Media Reports Operating Results for the First Quarter 2022

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

Delivers Strong Q1 Earnings Results with Total Revenue Up 15% Led by Digital Revenue Growth of 18% Achieves Lowest Net Leverage Ratio in More Than a Decade and Best Among Peers Announcing $50 Million Share Repurchase Program ATLANTA, May 04, 2022 (GLOBE NEWSWIRE) — Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “Cumulus Media,” “we,” “us,” or “our”) today announced operating results for the three months ended March 31, 2022. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, “Our outstanding first quarter results once again demonstrate the positive impacts of our ‘audio-first’ strategy to transform the Company from a one-dimensional radio broadcaster to a multi-dimensional audio media company. Following a strong 2021 performance, this...

Morphic Announces Corporate Highlights and Financial Results for the First Quarter 2022

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

Initiated EMERALD-1 phase 2a trial of MORF-057 in patients with ulcerative colitis Described new understanding of α4β7-expressing immune cells and MORF-057 dose response in oral presentation at ECCO 2022 Announced key appointments and advancements in leadership team Ended first quarter 2022 with $381 million in cash and equivalents, providing runway through year-end 2024 WALTHAM, Mass., May 04, 2022 (GLOBE NEWSWIRE) — Morphic Therapeutic (Nasdaq: MORF), a biopharmaceutical company developing a new generation of oral integrin therapies for the treatment of serious chronic diseases, today reported corporate highlights and financial results for the first quarter of 2022. First Quarter 2022 and Recent Corporate HighlightsLaunched EMERALD-1 (MORF-057-201) phase 2a studyEMERALD-1 is an open-label multi-center study of MORF-057...

Pacira BioSciences Reports First Quarter 2022 Financial Results

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

— First quarter revenue of $158 million, up 33% over prior year —— Strong topline performance delivers net income and significantly positive adjusted EBITDA —— Conference call today at 8:30 a.m. ET — TAMPA, Fla., May 04, 2022 (GLOBE NEWSWIRE) — Pacira BioSciences, Inc. (Nasdaq: PCRX), the industry leader in its commitment to non-opioid pain management and regenerative health solutions, today reported financial results for the first quarter of 2022. First Quarter 2022 Financial HighlightsTotal revenues of $158.0 million Net product sales of $129.2 million for EXPAREL, $23.6 million for ZILRETTA, and $3.0 million for iovera° Net income of $6.8 million, or $0.15 per share (basic and diluted) Adjusted EBITDA of $53.8 million, or $1.20 per share (basic) and $1.16 per share (diluted)“We were delighted...

Live Ventures to Release Fiscal Second Quarter Financial Results on May 11, 2022

Written by Customer Service on May 4, 2022. Posted in Public Companies.

LAS VEGAS, May 04, 2022 (GLOBE NEWSWIRE) — Live Ventures Incorporated (NASDAQ: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, will issue its financial results for its fiscal second quarter ended March 31, 2022, before the opening of the NASDAQ Stock Market on Wednesday, May 11, 2022. About Live VenturesLive Ventures is a growing, diversified holding company with a strategic focus on value-oriented acquisitions of domestic middle-market companies. Live Ventures’ acquisition strategy is sector agnostic and focuses on well-run, closely held businesses with a demonstrated track record of earnings growth and cash flow generation. The Company looks for opportunities to partner with management teams of its acquired businesses to build increased stockholder value through a disciplined buy-build-hold long-term...

BioCardia to Host Q1 2022 Financial Results and Corporate Update Conference Call on May 11, 2022

Written by Customer Service on May 4, 2022. Posted in Public Companies.

SUNNYVALE, Calif., May 04, 2022 (GLOBE NEWSWIRE) — BioCardia®, Inc. [NASDAQ:BCDA], a developer of cellular and cell-derived therapeutics for the treatment of cardiovascular and pulmonary diseases, today announced it will report its financial results for the three months ended March 31, 2022 and provide a corporate update by conference call on Wednesday, May 11, 2022 at 4:30 PM ET. Following management’s formal remarks, there will be a question-and-answer session. Participants can register for the conference by navigating to https://dpregister.com/sreg/10166913/f2b2448b7e. Please note that registered participants will receive their dial-in number upon registration. For those who have not registered, to listen to the call by phone, interested parties within the U.S. should call 1-833-316-0559 and international callers should call...

Allegro MicroSystems Achieves Major Milestone of Three Billion Motor Driver Integrated Circuits Shipped

Written by Customer Service on May 4, 2022. Posted in Public Companies.

New innovations help customers increase efficiency and reduce costs while helping them to achieve higher safety standardsThree Billion Motor Driver ICs Shipped! Allegro MicroSystems Achieves Major Milestone of Three Billion Motor Driver Integrated Circuits ShippedManchester, NH, USA, May 04, 2022 (GLOBE NEWSWIRE) — Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in sensing and power solutions for motion control and energy-efficient systems, today announced that it has shipped its three billionth motor driver integrated circuit (IC), underpinning the strength of its motion control business. The company’s trusted and reliable motor drivers have helped customers around the world innovate safer, more robust motor-drive solutions with increased reliability. They can be found across automotive, industrial,...

Cemtrex Announces New Strategic Focus to Address Significant Near-Term Opportunities

Written by Customer Service on May 4, 2022. Posted in Public Companies.

Evaluating a Range of Operational and Financial Alternatives Including the Sale of One Or More of the Company’s Business Units Brooklyn, NY, May 04, 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, today 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 the divestiture of one or more business units to support its refocus. Chairman and CEO, Saagar Govil commented, “After a thorough strategic...

IBN (InvestorBrandNetwork) Coverage Initiated for Golden Matrix Group Inc.

Written by Customer Service on May 4, 2022. Posted in Public Companies.

LOS ANGELES, May 04, 2022 (GLOBE NEWSWIRE) — via InvestorWire – Golden Matrix Group Inc. (NASDAQ: GMGI), an established gaming technology company that develops and owns online gaming IP and builds turnkey online casino solutions for gaming operators, today announces it has selected the corporate communications expertise of IBN, a multifaceted financial news and publishing company for private and public entities. Golden Matrix Group develops fully operational, turnkey online casino solutions as well as highly modular, configurable and scalable gaming platforms for its international customers in an effort to promote user acquisition, engagement, retention and monetization. The provided white label gaming platforms are unparalleled in both mobile and desktop website deployment, proving compatible throughout all major operating systems...

Month: May 2022

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