Day: June 8, 2022

Mission Produce Announces Fiscal 2022 Second Quarter Financial Results

Written by Customer Service on June 8, 2022. Posted in Earnings Releases And Operating Results.

OXNARD, Calif., June 08, 2022 (GLOBE NEWSWIRE) — Mission Produce, Inc. (Nasdaq: AVO) (“Mission” or the “Company”), a world leader in sourcing, producing, and distributing fresh avocados, today reported its financial results for the fiscal second quarter ended April 30, 2022. Fiscal Second Quarter 2022 Highlights:Total revenue of $278.1 million, an 18% increase compared to the same period last year, impacted by average selling price increases of 44%, partially offset by a 19% decrease in avocado volume sold, compared to the same period last year Net income of $2.4 million, or $0.03 per diluted share, compared to $7.4 million, or $0.10 per diluted share, for the same period last year Adjusted net income of $2.6 million, or $0.04 per diluted share, compared to $8.7 million, or $0.12 per diluted share, for the same period last year Adjusted...

HilleVax Reports First Quarter 2022 Financial Results and Highlights Recent Company Progress

Written by Customer Service on June 8, 2022. Posted in Earnings Releases And Operating Results.

Initiated Phase 2b Clinical Trial of HIL-214 Vaccine Candidate for the Prevention of Norovirus-Related Acute Gastroenteritis in Infants (NOR-212) Completed Upsized Initial Public Offering Raising $230 Million in Gross Proceeds BOSTON, June 08, 2022 (GLOBE NEWSWIRE) — HilleVax, Inc. (Nasdaq: HLVX), a clinical-stage biopharmaceutical company focused on developing and commercializing novel vaccines, today reported financial results for the quarter ended March 31, 2022, highlighted recent program progress, and outlined key upcoming milestones for HIL-214, the company’s virus-like particle (VLP) based vaccine candidate for the prevention of moderate-to-severe norovirus-related acute gastroenteritis. “HilleVax achieved significant milestones this year, including the initiation of NOR-212, a Phase 2b clinical trial of HIL-214 in infants,...

Five Below, Inc. Announces First Quarter Fiscal 2022 Financial Results

Written by Customer Service on June 8, 2022. Posted in Earnings Releases And Operating Results.

PHILADELPHIA, PA, June 08, 2022 (GLOBE NEWSWIRE) — Five Below, Inc. (NASDAQ: FIVE) today announced financial results for the first quarter ended April 30, 2022. For the first quarter ended April 30, 2022:Net sales increased by 7.0% to $639.6 million from $597.8 million in the first quarter of fiscal 2021; comparable sales decreased by 3.6% versus the first quarter of fiscal 2021. The Company opened 35 new stores and ended the quarter with 1,225 stores in 40 states. This represents an increase in stores of 12.7% from the end of the first quarter of fiscal 2021. Operating income was $42.3 million compared to $63.7 million in the first quarter of fiscal 2021. The effective tax rate was 22.3% compared to 20.9% in the first quarter of fiscal 2021. Net income was $32.7 million compared to $49.6 million in the first quarter of fiscal...

Cumulus Media Announces Extension of Existing ABL Credit Facility

Written by Customer Service on June 8, 2022. Posted in Public Companies.

ATLANTA, June 08, 2022 (GLOBE NEWSWIRE) — Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus Media”) today announced that Cumulus Media New Holdings Inc., its indirect wholly owned subsidiary, entered into an amendment (the “Amendment”) of its existing $100 million revolving credit facility (as amended, the “Revolving Credit Facility”). The Amendment, among other things, extends the maturity from 2025 to 2027 subject to certain springing maturity conditions. As of June 8, 2022, there were no amounts outstanding under the Revolving Credit Facility. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said “By extending the ABL through 2027, we are locking in a long-term, favorable source of liquidity – enhancing our already strong balance sheet and increasing our financial flexibility...

Flushing Financial Corporation to Present Virtually and Host Investor Meetings at the 12th Annual East Coast IDEAS Investor Conference on June 22-23, 2022

Written by Customer Service on June 8, 2022. Posted in Public Companies.

UNIONDALE, N.Y., June 08, 2022 (GLOBE NEWSWIRE) — Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that John R. Buran, President and Chief Executive Officer, and Susan K. Cullen, Chief Financial Officer and Treasurer, will participate in the virtual East Coast IDEAS Investor Conference on June 22, 2022. The presentation is scheduled to be available at 6:00 am EDT on June 22nd and will be accessible through the conference site (https://www.threepartadvisors.com/east-coast), the host’s main website (www.IDEASconferences.com) through June 23rd, and the investor relations section of the Company’s website (FlushingBank.com). About IDEAS Investor Conferences The mission of the IDEAS Conferences is to provide independent regional venues for quality...

TC Energy to host inaugural ESG Forum

Written by Customer Service on June 8, 2022. Posted in Public Companies.

CALGARY, Alberta, June 08, 2022 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) will host an Environmental, Social and Governance (ESG) Forum on Tuesday, June 14, 2022. François Poirier, President & CEO, and other leaders will highlight the company’s differentiated approach to incorporating ESG as a strategic driver. The event is scheduled from 6:00 a.m. to 7:45 a.m. MDT (8:00 a.m. to 9:45 a.m. EDT). A live webcast of the event will be available through the Investors section of TC Energy’s website at Events and Presentations – ESG Forum 2022. The webcast will also be posted online for replay following the event. The presentation materials and webcast link will be available the morning of the event at Events and Presentations – ESG Forum 2022. About TC EnergyWe’re a team of 7,000+ energy problem...

Axis Technologies Group, Inc. (OTC Pink: AXTG) Announces Chief Financial Officer

Written by Customer Service on June 8, 2022. Posted in Public Companies.

Los Angeles, CA, June 08, 2022 (GLOBE NEWSWIRE) — Axis Technologies Group, Inc. (OTC Pink: AXTG) (‘AXTG’ or the ‘Company’) today announced the appointment of Richard J Casinelli, as chief financial officer (CFO) and principal financial officer, effective June 8, 2022. “Richard will added tremendous value to Axis Technologies Group and brings a depth of experience to the role,” said William TiEN, president and chief executive officer. “Richard is a veteran finance operator who provide traditional business finance experience and shares our values. We are excited to have Richard take this next step with us as we move the company forward in this new decentralized finance era. He will help design and implementation of the company’s global financing activities.” Axis Technologies Group, Inc.: Axis Technologies...

Visteon Display Solution Reduces Driver Distractions

Written by Customer Service on June 8, 2022. Posted in Public Companies.

Active Privacy solution uses technology to adjust viewing angle of passenger display VAN BUREN TOWNSHIP, Mich., June 08, 2022 (GLOBE NEWSWIRE) — Visteon Corporation (Nasdaq: VC), a global technology company serving the mobility industry and a leader in automotive display solutions, introduces in-house developed cockpit display technology that actively alters the effective viewing angle of passenger-side infotainment content. As the industry extends digital cockpit experiences to vehicle passengers, there is a need to minimize driver distraction. Visteon’s patent-pending Active Privacy solution enables a state where the passenger display is not visible to the driver in certain contexts. This feature may be automatically activated to create a limited-viewing mode that effectively constricts the passenger-display viewing angle. Visteon’s...

Visteon Solves Screen Glare in Vehicle Displays

Written by Customer Service on June 8, 2022. Posted in Public Companies.

TrueColor Image Enhancement dynamically improves legibility of vehicle screens VAN BUREN TOWNSHIP, Mich., June 08, 2022 (GLOBE NEWSWIRE) — Visteon Corporation (Nasdaq: VC), a global technology company serving the mobility industry and a leader in automotive display solutions, introduces an image processing algorithm that preserves and improves the cockpit display image quality across the full range of ambient light conditions. The Company’s TrueColor Image Enhancement enables automotive displays to achieve the image quality expectations of today’s tech-savvy consumer. Harsh sunlight conditions in an automotive environment can make it difficult for drivers and passengers to see what is being displayed in the cockpit. Visteon’s TrueColor effectively overcomes brightness and glare to maintain the legibility of safety information....

Physical Rehabilitation Network Acquires Gillette Physical Therapy

Written by Customer Service on June 8, 2022. Posted in Mergers And Acquisitions.

Carlsbad, Calif., June 08, 2022 (GLOBE NEWSWIRE) — Physical Rehabilitation Network (“PRN”), a leading U.S.-based owner-operator of nearly 200 outpatient physical therapy clinics, today announced its entrance into Wyoming with its acquisition of Gillette Physical Therapy (“Gillette PT” or “GPT”), which operates one outpatient clinic in the Gillette community. “We are pleased to welcome the team at Gillette PT and broaden our footprint in the Mountain West region,” said Ajay Gupta, CEO, PRN. “With mutually aligned values around putting patients and staff first, this acquisition will help provide the means for further clinical growth and resource support, allowing Gillette to continue building out its highly successful physical rehabilitation programs.” Founded in 2001, the GPT team is best known for its leading orthopedic manual...

Day: June 8, 2022

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