Month: June 2022

Third quarter revenue of $26.2 million declined sequentially and year over year due to the anticipated waning of COVID-19 volumes and the economic shutdowns in Asia Received approval from New York State Department of Health for its AMPIPROBE® HPV Molecular Diagnostic tests available on the GENFLEX® platform, as well as approvals on additional sample types around chlamydia, gonorrhea and trichomonas Appointed and hired several new executive management team members in the quarter to position the Company for continued growth Engaged world class investment bank to provide advisory services including the evaluation of strategic alternatives for the Company, its Enzo Clinical Lab and Enzo Life Sciences divisions and its various assets Enzo Life Sciences (ELS) revenue of $7.6 million in Q3 was consistent year over year and increased 9% on...

SOUTHAMPTON, Pa., June 09, 2022 (GLOBE NEWSWIRE) — Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today reported its financial results for the fifty-two week period ended February 25, 2022 (“fiscal 2022”) and the thirteen week period ended February 25, 2022 (the “2022 fourth quarter”). Robert L. Laurent, Jr., ETC’s Chief Executive Officer and President stated, “ETC’s fiscal 2022 results, though below historical levels, improved over the prior year, but those results were once again affected by worldwide travel restrictions that made sales activities challenging. Fiscal 2022 results reflect a net sales increase of 17.7%, gross profit increase of 241.6%, a 14 % reduction in operating expense and other income of $5.2 million, leading to a return to net income $1.8 million. We enter fiscal 2023 with significant...

SAN FRANCISCO, June 09, 2022 (GLOBE NEWSWIRE) — Stitch Fix, Inc. (NASDAQ: SFIX), the leading online personal shopping and styling service, has released its financial results for the third quarter of fiscal year 2022 ended April 30, 2022. Stitch Fix CEO Elizabeth Spaulding said, “While third quarter top-line results, as well as active client counts, were largely within our expectations, we know we still have work to do. This quarter we made progress on improving the overall client experience in order to position Stitch Fix for profitable growth and value creation over time. We are encouraged by the activity we are seeing inside the expanded Stitch Fix ecosystem, including our sixth consecutive quarter of revenue per active client growth.” Spaulding added, “We strongly believe in our strategy of expanding our established Fix model...

Strong revenue momentum: Q1 2022 revenue up 100% year-over-year Achieves record ending Active Subscriber count Significant increase in Gross Margin to 34%, up 9 percentage points YoY NEW YORK, June 09, 2022 (GLOBE NEWSWIRE) — Rent the Runway, Inc. (“Rent the Runway”) (NASDAQ: RENT), the world’s first and largest shared designer closet platform, today reported financial results for the fiscal quarter ended April 30, 2022. “I’m excited to share that we exceeded our Q1 guidance across all key metrics both on the top and bottom lines, growing revenue 100% YoY and gross margin by 9 points YoY. Our strong performance is evidence of our firm position in the broader experience economy, which has enabled us to make significant progress on our path to profitability and achieve record ending Active Subscribers in the first quarter of 2022,”...