Month: June 2022

— Recorded Fourth Quarter and Full Fiscal Year Revenue of $31 Million and $120 Million, Respectively — — Signed $44 Million in Net New Business Orders and Ended the Quarter with a Record High Backlog of $153 Million — — New Cell and Gene Therapy Analytical and Process Development Suites Now Operational and CGMP Manufacturing Suites Continue On Schedule; Myford South Facility Construction On Schedule — — Project Fiscal 2023 Revenue of $140 to $145 Million, Representing 17% – 21% Growth Over Fiscal 2022 — TUSTIN, Calif., June 29, 2022 (GLOBE NEWSWIRE) — Avid Bioservices, Inc. (NASDAQ:CDMO), a dedicated biologics contract development and manufacturing organization (CDMO) working to improve patient lives by providing high quality development and manufacturing services to biotechnology...

Third Quarter Fiscal 2022 revenue grew 7% year-over-yearSaaS Annual Recurring Revenue grew 25% year-over-yearBOSTON, June 29, 2022 (GLOBE NEWSWIRE) — Duck Creek Technologies (NASDAQ: DCT), the intelligent SaaS solutions provider defining the future of property and casualty (“P&C”) insurance, today announced its financial results for the three and nine months ended May 31, 2022. “Duck Creek continued to demonstrate steady adoption of our industry leading, cloud-based SaaS platform, Duck Creek OnDemand, including an expanded relationship with a major tier one carrier. We are very well positioned with our core systems offerings and pursuing strategic expansion across the industry with the recent announcement of our intent to acquire Prima XL and Prima Compliance in France. This is an important milestone in Duck...

SUNNYVALE, Calif., June 29, 2022 (GLOBE NEWSWIRE) — GSI Technology, Inc. (NASDAQ: GSIT) is issuing this press release to revise the reporting of its financial results for its fourth fiscal quarter and fiscal year ended March 31, 2022. After issuing the original earning release, GSI Technology re-evaluated the methodologies and procedures involved in developing forecasts used to calculate its contingent consideration liability and used in the recoverability test over intangible assets. This re-evaluation of forecasting methodologies and procedures resulted in a reduction of approximately $1.3 million in selling, general and administrative expense with a corresponding decrease in the contingent consideration liability, which impacted other amounts on the consolidated statement of operation and consolidated balance sheet. The revised...

DUBLIN, Calif., June 29, 2022 (GLOBE NEWSWIRE) — (OTCQB: GIGA) – Giga-tronics Incorporated (“Giga-tronics” or the “Company”) today reported results for the fourth fiscal quarter and year ended March 26, 2022: Fourth Quarter Fiscal Year 2022 ReviewRevenue of $1.4 million in the fourth quarter of 2022 decreased 48% compared to revenue of $2.7 million in the fourth quarter of fiscal 2021.Microsource’s filter revenue decreased 54% compared to the fourth quarter of 2021 primarily due to lower order activity. Giga-tronics Division’s revenue increased to $260,000 in the fourth quarter of 2022 versus $180,000 in the fourth quarter of fiscal 2021Gross profit of $400,000 in the fourth quarter of fiscal 2022 decreased as compared to $830,000 in the fourth quarter of fiscal 2021 mainly due to the decrease in revenue. Total operating...