Day: August 9, 2022

Shift Announces Merger with CarLotz; a New Business Plan that Enables the Company to Achieve Profitability in 2024; Appointment of new CEO; also Releases Q2 Results

Written by Customer Service on August 9, 2022. Posted in Earnings Releases And Operating Results.

Shift to merge with CarLotz, a leading used vehicle consignment business; combined company estimated to have approximately $125 million of cash if the merger closes at the end of the year Shift is transitioning to a new business plan focused on transacting most sales through its most profitable online checkout channel, which allows consumers to purchase a vehicle online, sight unseen, for pickup or delivery. Updated financial model enables positive unit economics in 2023 and company-wide profitability in 2024 Current Shift President Jeff Clementz to serve as CEO effective September 1 SAN FRANCISCO, Aug. 09, 2022 (GLOBE NEWSWIRE) — Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, announced today several business updates. Merger with CarLotz Shift announced...

CarLotz Announces Second Quarter Fiscal 2022 Financial Results

Written by Customer Service on August 9, 2022. Posted in Earnings Releases And Operating Results.

Second Quarter Revenue Grew 51% versus Last Year to $76.5 millionSecond Quarter Retail Unit Sales of 2,421Second Quarter F&I Revenue Grew 80% versus Last Year RICHMOND, Va., Aug. 09, 2022 (GLOBE NEWSWIRE) — CarLotz, Inc. (the “Company” or “CarLotz”; NASDAQ: LOTZ), a consignment-to-retail used vehicle marketplace, today announced financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Financial ResultsNet revenue increased 51% to $76.5 million from $50.8 million in the same period in 2021 Retail unit sales increased 21% to 2,421 from 2,009 in the same period in 2021 Finance & insurance revenue increased 80% to $3.2 million from $1.8 million in the same period in 2021 Gross profit was $1.5 million compared to $4.2 million in the same period in 2021 Retail GPU was $1,200 compared to $2,175 in...

TWC Enterprises Limited Announces Reinstatement of Dividend Reinvestment Plan

Written by Customer Service on August 9, 2022. Posted in Dividend Reports And Estimates.

KING CITY, Ontario, Aug. 09, 2022 (GLOBE NEWSWIRE) — TWC Enterprises Limited (“TWC”) is reinstituting a Dividend Reinvestment Plan (“DRIP”) to enable Canadian resident shareholders to automatically reinvest all of the cash dividends paid on their TWC common shares (the “TWC Shares”) in additional TWC common shares (the “DRIP Shares”). Participation in the DRIP is optional and will not affect shareholders’ cash dividends, unless they elect to participate in the DRIP. Only future dividends declared by TWC will be eligible for reinvestment in the DRIP, commencing with the dividend to be paid on September 15, 2022 for TWC shareholders on record as of August 31, 2022. TWC Shares to be issued under the DRIP will be issued from the treasury of TWC at a price equal to the volume-weighted average trading price of the TWC Shares on the Toronto...

Extendicare Announces 2022 Second Quarter Results

Written by Customer Service on August 9, 2022. Posted in Earnings Releases And Operating Results.

MARKHAM, Ontario, Aug. 09, 2022 (GLOBE NEWSWIRE) — Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today reported results for the three and six months ended June 30, 2022. Results are presented in Canadian dollars unless otherwise noted. Second Quarter HighlightsCompleted the previously announced sale of the retirement living segment, realizing estimated net proceeds of approximately $128.0 million. Levels of community transmission of COVID-19 trended lower throughout the quarter, resulting in fewer outbreaks and reduction in staff absenteeism. Home health care average daily volumes (“ADV”) increased by 2.5% and long-term care (“LTC”) average occupancy increased by 160 bps over Q1 2022. However, the recent resurgence in cases caused by the new variants is once again driving increased outbreaks in our LTC homes and...

Osisko Reports Q2 2022 Results

Written by Customer Service on August 9, 2022. Posted in Earnings Releases And Operating Results.

Record cash margin of $47.8 million from royalties and streamsOperating cash flows from the royalties and streams segment of $35.0 million MONTRÉAL, Aug. 09, 2022 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) today announced its consolidated financial results for the second quarter of 2022. Amounts presented are in Canadian dollars, except where otherwise noted. Q2 2022 Financial Highlights22,243 GEOs1 earned (Q2 2021 – 20,178 GEOs); Consolidated revenues of $64.0 million (Q2 2021 – $57.9 million);Revenues from the royalties and streams segment2 of $51.5 million (Q2 2021 – $57.2 million, including $7.3 million from offtakes); Revenues from the mining exploration and development segment3 (i.e. Osisko Development Corp.) of $12.4 million (Q2 2021 – $0.7 million);Consolidated...

Freehold Royalties Announces Second Quarter Results and Increases Dividend

Written by Customer Service on August 9, 2022. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, Aug. 09, 2022 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces second quarter results for the period ended June 30, 2022. Operating and Financial Highlights Three Months Ended June 30 Three Months Ended March 31FINANCIAL ($ millions, except as noted) 2022 2021 Change 2022 ChangeFunds from operations 83.8 40.2 109 % 71.9 17 %Funds from operations per share, basic ($) (1) 0.56 0.31 81 % 0.48 17 %Acquisitions and related expenditures 20.7 0.9 nm 1.3 nm Dividends paid per share ($) (2) 0.24 0.10 140 % 0.18 33 %Payout ratio (%) (3) 43 % 33 % 10 % 38 % 5 %Net debt 33.1 40.8 (19 %) 62.6 (46 %)OPERATING Total production (boe/d) (4) 13,453 11,137 21 % 13,676 (2 %)Oil and NGL (%) 61 % 58 % 3 % 60 % 1 %Petroleum...

Alaris Equity Partners Income Trust Releases 2022 Second Quarter Results and Announces a Follow-on Contribution to Accscient

Written by Customer Service on August 9, 2022. Posted in Earnings Releases And Operating Results.

NOT FOR DISTRIBUTION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. CALGARY, Alberta, Aug. 09, 2022 (GLOBE NEWSWIRE) — Alaris Equity Partners Income Trust (together, as applicable, with its subsidiaries, “Alaris” or the “Trust“) is pleased to announce its results for the three and six months ended June 30, 2022. The results are prepared in accordance with International Accounting Standard 34. All amounts below are in Canadian dollars unless otherwise noted. Highlights:Revenue of $56.5 million and cash generated from operations, prior to changes in working capital of $44.4 million in the second quarter of 2022 represent 62% and 51% increases respectively, as compared to the same period in 2021. On a per unit basis, revenue of $1.25 represents...

Portman Ridge Finance Corporation Announces Second Quarter 2022 Financial Results

Written by Customer Service on August 9, 2022. Posted in Earnings Releases And Operating Results.

Reports Strong Investment Activity and Lower Non-Accruals; Reduces Cost of Capital Maintains its Quarterly Distribution of $0.63 per Share NEW YORK, Aug. 09, 2022 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the second quarter ended June 30, 2022. Second Quarter 2022 HighlightsNet asset value (“NAV”) for the second quarter of 2022 was $261.7 million ($27.26 per share1) as compared to $278.3 million ($28.76 per share1) in the first quarter of 2022. Total investment income for the second quarter of 2022 was $15.0 million, of which $11.9 million was attributable to interest income from the debt securities portfolio, inclusive of payment-in-kind income. Excluding the impact of purchase price accounting, core investment income2...

Olema Oncology Reports Second Quarter 2022 Financial Results and Provides Corporate Update

Written by Customer Service on August 9, 2022. Posted in Earnings Releases And Operating Results.

Received Fast Track designation from U.S. FDA for OP-1250 for the treatment of ER+/HER2- metastatic breast cancer Reported progress across OP-1250 clinical development program, including selection of the recommended Phase 2 dose, initiation of Phase 2 monotherapy enrollment, and continued dose escalation in Phase 1b combination with palbociclib Company expects to present updated monotherapy and initial combination data in Q4 2022 Strong cash, cash equivalents and marketable securities position of $240.7 million as of June 30, 2022, sufficient to support execution of clinical, research and operational goals into the second half of 2024SAN FRANCISCO, Aug. 09, 2022 (GLOBE NEWSWIRE) — Olema Pharmaceuticals, Inc. (“Olema” or “Olema Oncology,” Nasdaq: OLMA), a clinical-stage biopharmaceutical company focused on the discovery, development...

Carlyle Secured Lending, Inc. Announces Second Quarter 2022 Financial Results and Increases Quarterly Base Dividend Rate

Written by Customer Service on August 9, 2022. Posted in Earnings Releases And Operating Results.

NEW YORK, Aug. 09, 2022 (GLOBE NEWSWIRE) — Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CSL” or the “Company”, formerly known as TCG BDC, Inc.) (NASDAQ: CGBD) today announced its financial results for its second quarter ended June 30, 2022 and declared total third quarter dividends $0.40 of per share. Linda Pace, CSL’s Chief Executive Officer said, “Our second quarter results again demonstrated solid credit performance and attractive, sustainable income returns. Despite complex and evolving macroeconomic conditions, we are positioned for strong income growth from the net reductions in non-accrual assets, increasing interest rates and a favorable deployment environment. As a result, we increased our base dividend rate in the third quarter, with an expectation for additional increases...

Day: August 9, 2022

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