ARKO Reports Second Quarter 2022 Results

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

Net Income of $31.8 Million Increases Year-over-Year by 24.4% or $6.2 Million; Adjusted EBITDA Beats Consensus, Reaches All-Time Second Quarter High With 4.4% Increase in Q2 2022 Compared to Q2 2021 RICHMOND, Va., Aug. 08, 2022 (GLOBE NEWSWIRE) — ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), one of the largest convenience store operators and fuel wholesalers in the United States, today announced financial results for the quarter ended June 30, 2022. Second Quarter 2022 Key Highlights Operating income was $48.3 million for the quarter, an increase of 5.5% compared to $45.8 million in Q2 2021 Net income was $31.8 million, an increase of $6.2 million or 24.4% compared to $25.6 million in Q2 2021 Adjusted EBITDA increased 4.4% to $79.0 million for the quarter compared to $75.7 million in Q2 2021 Merchandise revenue of $431.8...

HCI Group Reports Second Quarter 2022 Results

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

Gross Premiums Earned Grew 30%Implemented Rate Increases to Offset Inflation TAMPA, Fla., Aug. 08, 2022 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, reported a net loss of $8.5 million, or $1.04 per share, in the second quarter of 2022 compared with net income of $3.8 million, or $0.24 diluted earnings per share, in the second quarter of 2021. Adjusted net loss (a non-GAAP measure which excludes net unrealized gains or losses on equity securities) was $5.4 million, or $0.71 per share, in the second quarter of 2022 compared with adjusted net income of $2.7 million, or $0.11 diluted earnings per share, in the second quarter of 2021. This press release includes an explanation of adjusted net income as well as...

Sun Country Airlines Reports Second Quarter 2022 Results

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

Q2 2022 GAAP diluted EPS of $(0.07) and operating income of $3 million Q2 2022 Adjusted diluted EPS of $(0.03)(1) and adjusted operating income of $4 million(1) MINNEAPOLIS, Aug. 08, 2022 (GLOBE NEWSWIRE) — Sun Country Airlines Holdings, Inc. (“Sun Country Airlines”, “Sun Country”, the “Company”) (NASDAQ: SNCY) today reported financial results for its second quarter ended June 30, 2022. “Despite the second quarter being a historically seasonally weaker quarter, scheduled service TRASM in the quarter was up 29% versus the second quarter 2019 and 13% sequentially versus first quarter 2022. We generated a positive operating profit of $3.4 million and an adjusted operating profit of $4 million despite fuel prices averaging $4.39 per gallon during the quarter,” said Jude Bricker, Chief Executive Officer of Sun Country. “During...

Atossa Therapeutics Announces Second Quarter 2022 Financial Results and Provides Corporate Update

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

SEATTLE, Aug. 08, 2022 (GLOBE NEWSWIRE) — Atossa Therapeutics, Inc. (Nasdaq: ATOS), a clinical-stage biopharmaceutical company seeking to develop innovative proprietary medicines in oncology and infectious disease with a current focus on breast cancer and COVID-19, today announces financial results for the fiscal quarter ended June 30, 2022, and provides an update on recent company developments. Key developments from Q2 2022 and to date include: Completed dosing in both Part B and Part C (of four parts) of Phase 1/2a Clinical Trial of AT-H201 in healthy volunteers, which the Company was developing as an inhalation therapy for moderately to severely ill hospitalized COVID-19 patients and for “long-haul” patients with post-infection pulmonary disease. Announced plans to shift the development of AT-H201 to more closely align with...

Sutro Biopharma Reports Second Quarter 2022 Financial Results, Business Highlights and Anticipated Milestones

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

– Collaboration with Astellas on discovery and development of iADCs for up to three targets, includes an upfront payment of $90 million and $422.5 million in potential milestones per product candidate – – A $10 million milestone payment from Merck was triggered upon first patient dosed in a Phase 1 study under the existing cytokine derivative collaboration – – Discussions with FDA held mid-year 2022 signaled that the accelerated approval pathway could be available for STRO-002 in a platinum-resistant ovarian cancer patient population – – Cash, cash equivalents and marketable securities totaled $191.6 million as of June 30, 2022, which, together with the $90 million upfront payment received from Astellas in July 2022, provides a projected cash runway into the first half of 2024, based on current...

Canoe EIT Income Fund Announces August 2022 Quarterly Distribution on Preferred Units

Written by Customer Service on August 8, 2022. Posted in Dividend Reports And Estimates.

CALGARY, Alberta, Aug. 08, 2022 (GLOBE NEWSWIRE) — Canoe EIT Income Fund (“Canoe” or the “Fund”)(TSX – EIT.UN, EIT.PR.A, EIT.PR.B) announces quarterly distribution on preferred units. Cumulative Redeemable Series 1 and Series 2 Preferred Unit holders will receive a distribution of $0.30 per unit. The distribution will be paid on September 15, 2022 to unitholders of record on August 22, 2022. The ex-distribution date for this distribution is August 19, 2022. About Canoe EIT Income FundCanoe EIT Income Fund is one of Canada’s largest closed-end investment funds, designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high quality securities. The Fund is listed on the TSX under the symbols EIT.UN, EIT.PR.A and EIT.PR.B, and is actively managed by Robert Taylor, Senior...

Conformis Reports Second Quarter 2022 Financial Results

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

BILLERICA, Mass., Aug. 08, 2022 (GLOBE NEWSWIRE) — Conformis, Inc. (NASDAQ:CFMS), an orthopedic medical device company that features personalized knee and hip replacement products, announced today financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Summary Total revenue of $15.3 million. Total revenue in the second quarter of 2021 included significant non-recurring royalty revenue. Product revenue of $15.1 million, remained flat year-over-year on a reported basis and increased 1% on a constant currency basis. Conformis hip system revenue of $0.7 million, a decrease of 18% year-over-year. Cash and cash equivalents of $72.6 million as of June 30, 2022. Executive Commentary – Mark Augusti, President and CEO “Our second quarter results show signs that we are on the right long-term path. We were in-line...

Micron Solutions, Inc. Reports Second Quarter 2022 Results

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

FITCHBURG, Mass., Aug. 08, 2022 (GLOBE NEWSWIRE) — Micron Solutions, Inc. (OTCQB: MICR) (the “Company”), a diversified contract manufacturing organization, through its wholly-owned subsidiary, Micron Products, Inc., producing highly-engineered, innovative components requiring precision machining and injection molding, announced financial results for its second quarter ended June 30, 2022. For the second quarter of 2022, the Company reported $6,536,326 in net sales, as compared to $5,389,735 in the second quarter of 2021, a 21.3% increase. This increase is due to stronger results in our core medical market. Net loss for the second quarter of 2022 was ($210,797) compared to net income of $3,012,992 in the second quarter of 2021 which included a $3,414,000 gain from the sale/leaseback transaction that took place in the second quarter...

MRC Global Announces Second Quarter 2022 Results

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

HOUSTON, Aug. 08, 2022 (GLOBE NEWSWIRE) — MRC Global Inc. (NYSE: MRC), the leading global distributor of pipe, valves, fittings and infrastructure products and services to diversified energy, industrial and gas utilities’ end-markets, today announced second quarter 2022 results. Net income attributable to common stockholders for the second quarter of 2022 was $8 million, or $0.09 per diluted share, as compared to the second quarter of 2021 net loss of ($2) million, or ($0.02) per diluted share. Adjusted net income attributable to common stockholders for the second quarter of 2022 was $23 million, or $0.27 per diluted share, as compared to the second quarter of 2021 adjusted net income of $6 million, or $0.08 per diluted share. MRC Global’s second quarter 2022 gross profit was $151 million, or 17.8% of sales, as compared to...

Minim to Host Second Quarter 2022 Earnings Call Conference on August 18, 2022

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

MANCHESTER, NH, Aug. 08, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Minim, Inc., (NASDAQ: MINM), the creator of intelligent networking products under the Motorola brand, today announces that it will host a conference call and live webcast on August 18, 2022 at 8:30 a.m. eastern time to discuss the results for the second quarter, ended June 30, 2022. Conference Call Details ● Toll-Free Dial-In Number (North America Only): +1(888) 886-7786 ● Conference ID: 19522745 Please dial-in five minutes prior to the start time of the call and provide the operator with conference ID #19522745. Attendees based outside of North America may refer to the list of international dial-in numbers provided below to find the information for their corresponding country. Slides for the call will be made available five minutes prior to the call on the...

Day: August 8, 2022

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