Month: August 2022

FORT LAUDERDALE, FL, Aug. 16, 2022 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today provided a corporate update and announced a delay of its second quarter 2022 financial results for the period ended June 30, 2022. Delay of its Second Quarter 2022 Financial Results As LMP continues its evaluation of (i) the proper identification and elimination of intercompany transactions, (ii) estimates of chargeback reserves for finance and insurance products and (iii) various financial presentation matters related to the Company’s business, in each case, in the context of its ongoing preparation of its Annual Report on Form 10-K for the year ended December 31, 2021, LMP will be unable to timely report its financial results...

NEW YORK, Aug. 16, 2022 (GLOBE NEWSWIRE) — Stronghold Digital Mining, Inc. (Nasdaq: SDIG) (“Stronghold,” or the “Company”) today reported financial results for its second quarter ended June 30, 2022, provided an operational update and announced significant debt restructuring events. Recent Developments to Greatly Enhance Stronghold’s Financial PositionNYDIG Debt Extinguishment: On August 16, 2022, Stronghold entered into an agreement with NYDIG ABL LLC (“NYDIG”) and another participating lender to eliminate all $67.4 million outstanding under the equipment financing agreements with these lenders and consensually return approximately 26,200 Bitcoin miners (approximately 18,700 of which are currently operating) with hash rate capacity of approximately 2.5 exahash per second (“EH/s”), freeing up the related fully developed data...

GLYFADA, Greece, Aug. 16, 2022 (GLOBE NEWSWIRE) — Globus Maritime Limited (“Globus”, the “Company”, “we”, or “our”) (NASDAQ: GLBS), a dry bulk shipping company, today reported its unaudited consolidated financial results for the second quarter and six-month period ended June 30, 2022.Revenue181% increase to $19.1 million in Q2 2022 compared to Q2 2021 213% increase to $37.6 million in H1 2022 compared to H1 2021Net income$11 million net income in Q2 2022 $23.1 million net income in H1 2022Cash from operating activities$13.9 million cash generated from operating activities in Q2 2022 $24.2 million cash generated from operating activities in H1 2022Adjusted EBITDA$13.6 million in Q2 2022 compared to $3.1 million in Q2 2021 $27.4 million in H1 2022 compared to $4.4 million in H1 2021Time Charter Equivalent$22,837...

Active Customers Increased 53% Compared to the Prior Year Period CHICO, Calif., Aug. 16, 2022 (GLOBE NEWSWIRE) — Lulu’s Fashion Lounge Holdings, Inc. (“Lulus” or the “Company”) (Nasdaq: LVLU) today reported financial results for the second quarter ended July 3, 2022. David McCreight, CEO of Lulus, said: “In the second quarter of 2022 we delivered 27% revenue growth and established new records in many of our customer engagement metrics, indicating to us that the LVLU brand experience is resonating well and we are continuing to grow share. Like many in the industry, we experienced headwinds related to shipping costs and heightened levels of returns; however, our agile business model allows us to proactively take actions within our business to offset these impacts as we move into the second half of the year. We remain confident in...