Month: June 2022

Brown & Brown, Inc. announces the acquisition of Dealer Specialties Group Corp. by Brown & Brown Dealer Services

Written by Customer Service on June 1, 2022. Posted in Mergers And Acquisitions.

DAYTONA BEACH, Fla., June 01, 2022 (GLOBE NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Andrew (Andy) Courchaine, owner of Dealer Specialties Group Corp. (“Dealer Specialties”), today announced that Brown & Brown Dealer Services (“BBDS”) has acquired substantially all of the assets of Dealer Specialties. Dealer Specialties is an independent sales and service organization providing F&I products and sales support to automotive and powersport dealers primarily in New York state. Following the transaction, Andy Courchaine and the Dealer Specialties operations will become part of BBDS, which operates under the leadership of Mike Neal. Mike stated, “We are excited to continue growing our BBDS operations with another high-quality, strategic acquisition. Andy’s impressive...

AVANTE LOGIXX INC. ANNOUNCES CLOSING OF THE SALE OF LOGIXX SECURITY INC. TO SSC SECURITY SERVICES CORP. AND PROVIDES A CORPORATE UPDATE

Written by Customer Service on June 1, 2022. Posted in Public Companies.

Not for distribution to U.S. news wire services or for dissemination in the United States TORONTO-Ontario, June 01, 2022 (GLOBE NEWSWIRE) — Avante Logixx Inc. (TSX.V: XX) (OTC: ALXXF) (“Avante” or the “Company”) is pleased to announce that, following the approval by shareholders at the meeting held on May 30, 2022, it has completed the sale of its subsidiary Logixx Security Inc. (“Logixx”) to SSC Security Services Corp. (TSXV: SECU, “SSC”) effective June 1, 2022 as previously announced in the Company’s March 30, 2022 press release and its Management Information Circular dated April 28, 2022. Going forward, the Company intends to focus on in-lane acquisitions to support organic growth, expansion of international service offerings and the development and deployment of new technologies in Cyber Security, Health, and Advanced AI technologies...

REVISION – HTG to Host Scientific Webinar Featuring Customer Use of the HTG Transcriptome Panel in Preclinical and Clinical Programs

Written by Customer Service on June 1, 2022. Posted in Public Companies.

TUCSON, Ariz., June 01, 2022 (GLOBE NEWSWIRE) — HTG Molecular Diagnostics, Inc. (Nasdaq: HTGM) (HTG), a life science company advancing precision medicine through its innovative transcriptome-wide profiling technology, announced that it will be hosting a scientific webinar titled “Integration of the HTG Transcriptome Panel into Preclinical and Clinical Programs to Drive Precision Medicine Research” on June 23, 2022. This webinar will feature Pete Ansell, Ph.D., Scientific Director and Research Fellow, Precision Medicine Oncology at AbbVie. Dr. Ansell will discuss how his team at AbbVie has overcome many challenges they have previously faced using FFPE clinical samples by integrating HTG’s innovative HTG Transcriptome Panel (HTP) into their biomarker strategies. The presentation will be facilitated by Marian Navratil, Ph.D., Senior...

Descartes Announces Fiscal 2023 First Quarter Financial Results

Written by Customer Service on June 1, 2022. Posted in Earnings Releases And Operating Results.

Record Revenues and Income from Operations WATERLOO, Ontario, June 01, 2022 (GLOBE NEWSWIRE) — The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2023 first quarter (Q1FY23). All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP). “Global supply chains continue to be impacted by a combination of issues stemming from the ongoing pandemic, geopolitical events and the current economic environment,” said Edward J. Ryan, Descartes’ CEO. “It’s more important than ever for supply chain constituents to share, access and process information from multiple sources in real-time to help get the right goods in the right place at the right time. Our Global Logistics...

ISC Expands Its Registry Operations Segment With Acquisition of Reamined

Written by Customer Service on June 1, 2022. Posted in Mergers And Acquisitions.

All values are in Canadian dollars unless otherwise stated. REGINA, Saskatchewan, June 01, 2022 (GLOBE NEWSWIRE) — Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) announced today that it has acquired all of the issued and outstanding shares of Reamined Systems Inc. (“Reamined”), a recognized leader in providing property tax management infrastructure and services in the Province of Ontario, for $45.9 million, subject to customary purchase price adjustments. The purchase price is consistent with the Company’s previous acquisition multiples and the business will become part of ISC’s Registry Operations segment. Through a contract with the Province of Ontario, Reamined exclusively provides the platform, data and guidance by which over 440 municipalities in Ontario manage property tax rates and distribution. A trusted...

Sun Communities, Inc. Announces Dates for Second Quarter 2022 Earnings Release and Conference Call

Written by Customer Service on June 1, 2022. Posted in Public Companies.

Southfield, MI, June 01, 2022 (GLOBE NEWSWIRE) — Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) communities, recreational vehicle (“RV”) resorts and marinas, today announced the dates for its second quarter 2022 earnings release and conference call. The Company will release its second quarter operating results on Monday, July 25, 2022, after markets close. A conference call to discuss these results will be held on Tuesday, July 26, 2022, at 11:00 A.M. ET. To Participate in the Conference Call: Dial in at least 5 minutes prior to start time.U.S. and Canada: (877) 407-9039International: (201) 689-8470 The conference call will also be available live on Sun Communities’ website www.suncommunities.com. Conference Call...

Sun Communities, Inc. Declares Second Quarter 2022 Distribution

Written by Customer Service on June 1, 2022. Posted in Dividend Reports And Estimates.

Southfield, MI, June 01, 2022 (GLOBE NEWSWIRE) — Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) communities, recreational vehicle (“RV”) resorts and marinas, today announced its Board of Directors declared a quarterly distribution of $0.88 per share of common stock for the second quarter of 2022. The distribution is payable July 15, 2022 to shareholders of record on June 30, 2022. About Sun Communities, Inc. Sun Communities, Inc. is a REIT that, as of March 31, 2022, owned, operated, or had an interest in a portfolio of 603 developed MH, RV and marina properties comprising nearly 159,300 developed sites and over 45,700 wet slips and dry storage spaces in 39 states, Canada, Puerto Rico and the UK. For Further Information...

Q.E.P. Co., Inc. Reports Fiscal 2022 Year-End Sales and Earnings

Written by Customer Service on June 1, 2022. Posted in Earnings Releases And Operating Results.

Full Year Net Sales of $445.5 million and Net Income of $9.6 million BOCA RATON, Fla., June 01, 2022 (GLOBE NEWSWIRE) — Q.E.P. CO., INC. (OTCQX: QEPC) (the “Company” or “QEP”) today reported its consolidated results of operations for its fiscal year ended February 28, 2022. QEP reported net sales of $445.5 million for the year ended February 28, 2022, an increase of $57.9 million or 14.9% from the $387.6 million reported in fiscal 2021. The fiscal 2022 increase in net sales compared to the prior fiscal year reflects strong economic activity in the current year and the adverse impact of the worldwide economic downturn caused by the COVID-19 pandemic during the first quarter of fiscal 2021. As a percentage of net sales, gross margin was 27.1% in fiscal 2022, as compared to 28.0% in fiscal 2021. Lewis Gould, Executive Chairman,...

nCino Reports First Quarter Fiscal Year 2023 Financial Results

Written by Customer Service on June 1, 2022. Posted in Earnings Releases And Operating Results.

Total Revenues of $94.2M, up 51% year-over-year Subscription Revenues of $79.2M, up 55% year-over-yearOrganic Subscription Revenues of $65.6M, up 29% year-over-year WILMINGTON, N.C., June 01, 2022 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced financial results for its first quarter of fiscal year 2023, ended April 30, 2022. “We had a solid start to the year as demand for digital transformation remains strong, despite uncertainty in the broader economy,” said Pierre Naudé, Chairman and Chief Executive Officer of nCino. “Now, more than ever, financial institutions are looking for technology solutions that deliver meaningful ROI, increased efficiency and transparency, streamlined operations and faster turnaround...

Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2022 Financial Results

Written by Customer Service on June 1, 2022. Posted in Earnings Releases And Operating Results.

SAN JOSE, Calif., June 01, 2022 (GLOBE NEWSWIRE) — Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today reported financial results for the fourth quarter and full fiscal year, ended April 30, 2022. Q4 Financial HighlightsRevenue of $37.5 million, grew by 90.0% year on year GAAP gross margin of 63.3% and non-GAAP gross margin of 63.7% GAAP operating expenses of $30.1 million and non-GAAP operating expenses of $21.6 million GAAP net loss of $5.4 million and non-GAAP net income of $2.8 million GAAP net loss per share of $0.04 and non-GAAP diluted net income per share of $0.02 During the quarter, Credo sold...

Month: June 2022

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