Month: August 2022

NETANYA, Israel, Aug. 17, 2022 (GLOBE NEWSWIRE) — RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA) announced today its financial results for the three and six month periods ended June 30, 2022. Highlights of the second quarter of 2022Quarterly revenues of $23.0 million; Gross margin of 35%; Previously announced merger with DRS proceeding as expected – merger expenses of $2.6 million incurred in the second quarter; Operating loss of $3.0 million; Net loss of $4.4 million; Adjusted EBITDA of $1.8 million representing margin of 7.7%; Quarter-end net cash position of $55.7 million.Management Comments Dov Sella, RADA’s Chief Executive Officer commented, “As we announced a few weeks ago, similar to what is being experienced by many U.S. defense companies, it is taking longer than we originally expected to recover...

Second Quarter 2022 Revenues were $23.6 Million; First Half 2022 Revenues of $51.7 Million Increased 5% Year-Over-Year First Half 2022 Adjusted EBITDA of $4.6 Million; Excluding Labor Strike Related Loss, Adjusted EBITDA Totaled $8.0 Million, Representing Adjusted EBITDA Margins of 15% of First Half 2022 Revenues Generated Operating Cash Flows of $16.4 Million in First Half of 2022, Supporting the Increase of Cash Position to $29.9 Million as of June 30, 2022 2022 Year-to-Date Progress is Indicative of the Company’s Evolution into a Diversified Fully Integrated Commercial Company with Multiple Growth Drivers Significant Revenue and Profitability Growth Expected in Second Half of 2022, Supporting the Reiteration of Fiscal Year 2022 Revenue Guidance of $125 – $135 Million, Representing a 20% to 30% Increase over 2021 and Adjusted...

Reports Q2 GAAP EPS of ($1.01) versus $1.60 in Q2 2021 and $0.10 in Q2 2019Reports Q2 Adjusted EPS of ($0.89) versus $1.71 in Q2 2021 and $0.19 in Q2 2019Provides Full Year 2022 Adjusted EPS Guidance of $7.00Provides Third Quarter 2022 Adjusted EPS Guidance of $3.95 SECAUCUS, N.J., Aug. 17, 2022 (GLOBE NEWSWIRE) — The Children’s Place, Inc. (Nasdaq: PLCE), the largest pure-play children’s specialty apparel retailer in North America, today announced financial results for the second quarter ended July 30, 2022. Jane Elfers, President and Chief Executive Officer announced, “Our Q2 sales and profitability fell well short of our expectations due to a significant miss to our internal retail sales projections in the period from early June through early July. The combination of an unexpected and meaningful increase in promotional activity...

Overall revenue increased 23%; U.S. revenue increased 66% year over year ST. GALLEN, Switzerland, Aug. 17, 2022 (GLOBE NEWSWIRE) — Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or the “Company”), the leading global technology company enabling next generation engagement in sports, and the number one provider of business-to-business solutions to the global sports betting industry, today announced financial results for its second quarter ended June 30, 2022. Second Quarter 2022 HighlightsRevenue in the second quarter of 2022 increased 23% to €177.2 million ($186.0 million)1 compared with the second quarter of 2021, driven by strong growth across all business segments. In particular, U.S. segment revenue grew by 66% to €29.1 million ($30.5 million) compared with the second quarter of 2021. Adjusted EBITDA2 in the second quarter...

Fiscal Year 2022 Six-Month Revenues up 73% From the Comparable Year Ago Period HOUSTON, TX, Aug. 17, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – SMG Industries, Inc. (the “Company”) (OTCQB:SMGI), a growth-oriented transportation services company focused on the domestic infrastructure logistics market, today reported financial results for its second quarter ended June 30, 2022. Second Quarter Financial Highlights:Revenues increased approximately 47.6% to $18,076,897 for the three months ended June 30, 2022, compared to the three months ended June 30, 2021, Revenues increased approximately 73% to $34,257,950 for the six months ended June 30, 2022, compared to the year ago period, Adjusted Gross Margins, a non-GAAP measure, improved to $2,538,548, after adjusting for depreciation (a non-cash expense) within cost of sales of...

Improved gross profit of 32.8% of net sales Balance sheet remains strong Board declares a quarterly dividend of $0.08 per shareGONZALES, La., Aug. 17, 2022 (GLOBE NEWSWIRE) — Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the first quarter of fiscal year 2023, which ended July 3, 2022. “Although it was a challenging quarter, our customer relationships remain strong, we have maintained our shelf space at our retailers, and our partnerships remain strong as we navigate the current market challenges,” said Olivia W. Elliott, President and Chief Executive Officer of the Company. “While consumers became more price-sensitive during the quarter in response to rising inflation and retailers began reducing their purchases as their inventories increased, we believe Crown Crafts remains in a strong position...

Net Income of $3.7 Million Within the Quarter Driven by $8.5 Million in Revenues as the Company Continues to Grow. TORONTO, Aug. 17, 2022 (GLOBE NEWSWIRE) — Immutable Holdings Inc. (NEO:HOLD) (“Immutable Holdings” or the “Company”), a publicly-traded blockchain holding company, is pleased to announce its quarterly financial results for the three and six month periods ended June 30, 2022. “We’re very pleased with the results,” said Jordan Fried, founder and CEO of Immutable Holdings. “We will continue to build and remain focused on our mission – same as last quarter, same as next.” Select Financial and Operating Highlights for the Second Quarter 2022 (expressed in Canadian Dollars):In April 2022, the Company launched NFT.com with the sale of its Genesis Keys collection which are unique fully animated, non-fungible tokens (“NFTs”)....

TRESU INVESTMENT HOLDING A/S                                                               ANNOUNCEMENT NO. 07.2022 17.08.2022 Tresu Investment Holding A/S – Announcement of Q2 2022 Interim Report Tresu Investment Holding A/S today publishes the Q2 2022 Interim Report and presentation of the financial results. TRESU Group is pleased to invite you to the financial results call, which is being held                                                 Monday, 22 August 2022, at 1pm CET. The Interim Report will be presented by Heidi Thousgaard Jørgensen, CEO and Torben Børsting, CFO. After the presentations there will be an opportunity for Q+A. A recording of the results call will be made available for four hours on the TRESU IR website.                                                Click this link to register for the conference here Heidi Thousgaard...