Month: May 2022

ToughBuilt Industries Announces First Quarter 2022 Results

Written by Customer Service on May 23, 2022. Posted in Earnings Releases And Operating Results.

First quarter revenue of $17.2 million, or 40% year-over-year growthEarnings Conference Call at 5:00 p.m. (EST) today LAKE FOREST, Calif., May 23, 2022 (GLOBE NEWSWIRE) — ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT; TBLTW), today reported financial results for the first quarter ended March 31, 2022. The Company will discuss the results, among other things, during the Company’s earnings conference call scheduled for 5:00 p.m. (ET) today. Financial Highlights for the Quarter Ended March 31, 2022:Revenues for the three months ended March 31, 2022, were approximately $17.2 million, an increase of 40% compared to the same period in 2021. The increase in revenue was primarily the result of wide acceptance of ToughBuilt products. This was a result of recurring orders from existing customers and addition of new...

QCR Holdings, Inc. Announces Annual Meeting Results and a Cash Dividend of $0.06 Per Share

Written by Customer Service on May 23, 2022. Posted in Dividend Reports And Estimates.

MOLINE, Ill., May 23, 2022 (GLOBE NEWSWIRE) — QCR Holdings, Inc. (NASDAQ: QCRH) today announced the election of three Class II directors at the Company’s annual meeting of its stockholders. The directors, Brent R. Cobb, Larry J. Helling, and Mark C. Kilmer, were re-elected to three-year terms. Additionally, on May 19, 2022, the Company’s Board of Directors declared a cash dividend of $0.06 per share payable on July 6, 2022, to holders of common stock of the Company of record on June 17, 2022. About Us QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny and Springfield communities through its wholly-owned subsidiary banks. The banks provide full-service commercial and consumer banking and trust and wealth...

Wrap Announces Five Year Subscription Sale of Wrap Reality Virtual Reality Training Software

Written by Customer Service on May 23, 2022. Posted in Public Companies.

TEMPE, Ariz., May 23, 2022 (GLOBE NEWSWIRE) — Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced that it has received a purchase order for Wrap Reality, the Company’s fully immersive, virtual reality training simulation system from a County Sheriff’s Office in Kentucky. The initial demonstration of the Wrap Reality virtual reality training system took place in March of 2022 and highlighted the benefits of realistic roleplaying scenarios through the company’s immersive simulator, enabling officers to implement de-escalation tactics to practice successfully ending situations without injury. The software subscription contract is multi-year and has a duration of five years. “The length of this contract indicates the trust that the market has...

ReShape Lifesciences™ Reports First Quarter 2022 Financial Results and Provides Corporate Update

Written by Customer Service on May 23, 2022. Posted in Earnings Releases And Operating Results.

March 2022 Revenues Exceeded January’s and February’s, Combined, Indicating DTC Campaign and Other Visibility Activities are Driving Significant Demand for Lap-Band® Procedures Conference Call to be Held at 8:30 am ET Today SAN CLEMENTE, Calif., May 23, 2022 (GLOBE NEWSWIRE) — ReShape Lifesciences Inc. (Nasdaq: RSLS), the premier physician-led weight loss and metabolic health-solutions company, today reported financial and operating results for the first quarter ended March 31, 2022 and provided a corporate strategic update. First Quarter Highlights and AccomplishmentsOngoing, direct-to-consumer (DTC) marketing campaign continues to be successful in driving demand, filling surgeons’ patient pipeline for Lap-Band® procedures As the COVID-19 Omicron variant subsided in the latter part of the first quarter, March 2022 revenues...

Star Equity Holdings, Inc. Announces 2022 First Quarter Financial Results

Written by Customer Service on May 23, 2022. Posted in Earnings Releases And Operating Results.

Reported a 51.5% increase in Q1 2022 consolidated gross profit on a 12.1% increase in consolidated revenues Construction division reported a 191.5% increase in gross profit on a 28.6% increase in revenue Ended Q1 2022 with $15.0 million in cash and cash equivalents OLD GREENWICH, Conn., May 23, 2022 (GLOBE NEWSWIRE) — Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, reported today its financial results for the first quarter (Q1) ended March 31, 2022. On January 24, 2022, the Company closed an underwritten public offering (the “January Offering”) of 9.5 million shares of the Company’s common stock and warrants to purchase up to 9.5 million shares of its common stock. Gross proceeds, before deducting underwriting discounts and offering expenses, were approximately $14.3...

Ebix Declares 7.5 Cent Quarterly Dividend, Payable June 16, 2022 to Shareholders of Record June 3, 2022

Written by Customer Service on May 23, 2022. Posted in Dividend Reports And Estimates.

JOHNS CREEK, Ga,, May 23, 2022 (GLOBE NEWSWIRE) — Ebix, Inc., (NASDAQ: EBIX) a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that its Board of Directors has declared a regular quarterly dividend of 7.5 cents per common share. The dividend is payable June 16, 2022 to shareholders of record at the close of business on June 3, 2022. About Ebix, Inc. With approximately 200 offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries. In the Insurance sector, Ebix’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis using...

Parker Signs Agreement to Divest Aircraft Wheel and Brake Division to Kaman

Written by Customer Service on May 23, 2022. Posted in Mergers And Acquisitions.

CLEVELAND, May 23, 2022 (GLOBE NEWSWIRE) — Parker-Hannifin Corporation (NYSE: PH, “Parker”), the global leader in motion and control technologies, today announced that it has signed an agreement to divest its Aircraft Wheel and Brake Division, located in Avon, Ohio, in the United States, to Kaman Corporation (NYSE: KAMN). Kaman, headquartered in Bloomfield, Connecticut, is a leading manufacturer of components and materials for aerospace and defense, industrial and medical markets. As previously announced, the European Commission cleared Parker’s acquisition of Meggitt PLC (“Meggitt”), conditional on full compliance with the commitments offered by Parker, including the divestment of Parker’s Aircraft Wheel and Brake Division. Parker’s Aircraft Wheel and Brake Division is a leading manufacturer of aircraft wheel and brake systems...

First Radisson Collection hotel on the Adriatic coast opens in Pula, Croatia

Written by Customer Service on May 23, 2022. Posted in Public Companies.

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Parsons to Acquire Xator Corporation Acquisition enhances critical infrastructure protection, cUAS, and biometric capabilities

Written by Customer Service on May 23, 2022. Posted in Mergers And Acquisitions.

CENTREVILLE, Va,, May 23, 2022 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE:PSN) announced today that it has entered into a definitive agreement to acquire Xator Corporation in a transaction valued at $400 million. Founded in 2005, Xator expands Parsons’ customer base and brings differentiated technical capabilities in critical infrastructure protection, counter-unmanned aircraft systems (cUAS), intelligence and cyber solutions, biometrics, and global threat assessment and operations, increasing the company’s addressable market in both the federal solutions and critical infrastructure segments. The acquisition expands Parsons’ presence within the U.S. Special Operations Command, the Intelligence Community, Federal Civilian customers, and global critical infrastructure markets, while providing new customer access at the Department...

Gilat Reports First Quarter 2022 Results with Strong Revenue Growth

Written by Customer Service on May 23, 2022. Posted in Earnings Releases And Operating Results.

Reiterates 2022 guidance PETAH TIKVA, Israel, May 23, 2022 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the first quarter, ended March 31, 2022. First Quarter 2022 Financial HighlightsRevenues of $51.4 million up 19% year-over-year; GAAP operating loss of $1.0 million versus loss of $3.5 million in Q1 last year; Non-GAAP operating loss of $0.3 million versus loss of $3.6 million in Q1 last year; GAAP net loss of $2.5 million versus loss of $5.0 million in Q1 last year; Non-GAAP net loss of $1.8 million versus loss of $5.1 million in Q1 last year; Adjusted EBITDA of $2.5 million versus Adjusted EBITDA loss of $1.3 million in Q1 last year;Forward-Looking ExpectationsThe company today reiterated...

Month: May 2022

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