Month: September 2022

Avid Bioservices Reports Financial Results for First Quarter Ended July 31, 2022 and Recent Developments

Written by Customer Service on September 6, 2022. Posted in Earnings Releases And Operating Results.

— Recorded First Quarter Revenue of $36.7 Million — — Signed $41 Million in Net New Business Orders and Ended the Quarter with a Record High Backlog of $157 Million — — Facilities and Capabilities Expansions in Mammalian and Cell and Gene Therapy Businesses Continue on Schedule — TUSTIN, Calif., Sept. 06, 2022 (GLOBE NEWSWIRE) — Avid Bioservices, Inc. (NASDAQ:CDMO), a dedicated biologics contract development and manufacturing organization (CDMO) working to improve patient lives by providing high quality development and manufacturing services to biotechnology and pharmaceutical companies, today announced financial results for the first quarter ended July 31, 2022. Highlights from the Quarter Ended July 31, 2022, and Other Events: “Following a very strong fiscal 2022, revenues in the first quarter...

GitLab Reports Second Quarter Fiscal Year 2023 Financial Results

Written by Customer Service on September 6, 2022. Posted in Earnings Releases And Operating Results.

Quarterly revenue of $101.0 million, up 74% year-over-yearAdded largest number of base customers ever in a single quarter Fiscal Second Quarter Highlights:Total revenue of $101.0 million GAAP operating margin of (65)%; Non-GAAP operating margin of (27)% GAAP net loss per share of $(0.40); Non-GAAP net loss per share of $(0.15)SAN FRANCISCO, Sept. 06, 2022 (GLOBE NEWSWIRE) — All-Remote – GitLab Inc. (NASDAQ: GTLB), The One DevOps Platform, today reported financial results for its second quarter fiscal year 2023, ended July 31, 2022. “We continue to see strong momentum in our business, and our second quarter results indicate that the market is embracing our One DevOps Platform leadership position,” said Sid Sijbrandij, GitLab CEO and Co-Founder. “Enterprises are navigating economic uncertainty while still needing to embrace...

Bassett Announces Purchase of Noa Home Inc.

Written by Customer Service on September 6, 2022. Posted in Mergers And Acquisitions.

BASSETT, Va., Sept. 06, 2022 (GLOBE NEWSWIRE) — Bassett Furniture Industries, Inc. (NASDAQ: BSET) announced today that it has acquired the capital stock of Noa Home Inc. (“Noa”), a mid-priced e-commerce furniture retailer headquartered in Montreal, Canada. Noa has operations in Canada, Australia, Singapore and the United Kingdom and had net revenues of approximately C$19.1 million for its most recent fiscal year. The purchase price included cash payments of C$2.0 million paid to the co-founders of Noa and approximately C$5.7 million for the repayment of existing debt. The Noa co-founders will also have the opportunity to receive additional annual cash payments of C$1.33 million per year for the following three fiscal years based on established increases in net revenues and achieving certain internal EBITDA goals. “We are excited...

HealthEquity Reports Second Quarter Ended July 31, 2022 Financial Results

Written by Customer Service on September 6, 2022. Posted in Earnings Releases And Operating Results.

Highlights of the second quarter include:Revenue of $206.1 million, an increase of 9% compared to $189.1 million in Q2 FY22. Net loss of $10.7 million, compared to $3.8 million in Q2 FY22, with non-GAAP net income of $28.1 million, a decrease of 16% compared to $33.4 million in Q2 FY22. Net loss per diluted share of $0.13, compared to $0.05 in Q2 FY22, with non-GAAP net income per diluted share of $0.33, compared to $0.40 in Q2 FY22. Adjusted EBITDA of $67.0 million, an increase of 2% compared to $65.5 million in Q2 FY22. 7.5 million HSAs, an increase of 26% compared to Q2 FY22. Total HSA Assets of $20.5 billion, an increase of 33% compared to Q2 FY22. 14.5 million Total Accounts, including both HSAs and complementary CDB accounts, an increase of 11% compared to Q2 FY22.DRAPER, Utah, Sept. 06, 2022 (GLOBE NEWSWIRE) — HealthEquity,...

Sack Lunch Announces Letter of Intent to Acquire Stake in Arowana Media Holdings

Written by Customer Service on September 6, 2022. Posted in Public Companies.

Two Media and Entertainment Companies to Join Forces in Rollup Strategy for Planned Expansion in the Digital Media and Entertainment MarketSack Lunch Announces Letter of Intent to Acquire Stake in Arowana Media Holdings AROWANA HOLDINGS – BE A PART OF THE NEXT BIG FILM FRANCHISESALT LAKE CITY, UTAH, Sept. 06, 2022 (GLOBE NEWSWIRE) — Sack Lunch Productions, Inc. (OTC PINK: SAKL), a publicly traded entertainment company with operations in event management and media productions, announced that it has signed a Letter of Intent to acquire 45% non-dilutive interest of Arowana Media Holdings Inc. (https://arowanamedia.com), a media and entertainment company focused on acquisition, development, and production of entertainment intellectual properties. Sack Lunch, an action-oriented events and entertainment company, acquires rights...

New Study Underscores Local Radio’s Impact for Political Candidates

Written by Customer Service on September 6, 2022. Posted in Public Companies.

Political Ads Tied to Local Radio Stations Perform Better AM/FM Radio Turns Out Swing Voters NEW YORK, Sept. 06, 2022 (GLOBE NEWSWIRE) — The Cumulus Media (NASDAQ: CMLS) | Westwood One Audio Active Group® (AAG) today released a brand-new analysis of two non-traditional creative approaches to political ads. The results showed that utilizing candidate-voiced ads in political campaigns and customizing political copy with station-specific verbiage that seeks input from listeners drove greater voter intent and were seen as more uplifting. The creative analysis reveals valuable insights and best practices for political audio campaigns. Some highlights include:Station-specific ads that call out the station call letters, fit the energy of the station, and seek to improve the campaign through soliciting feedback performed better than...

Ogilvy Health’s Kim Johnson Named a PharmaVoice 100 Honoree

Written by Customer Service on September 6, 2022. Posted in Public Companies.

Global CEO, Johnson to Serve as a Panelist During the Celebration’s Opening SessionKim Johnson: Global CEO – Ogilvy Health 2022 PharmaVoice 100 HonoreeNEW YORK, Sept. 06, 2022 (GLOBE NEWSWIRE) — Ogilvy Health part of Ogilvy (www.ogilvy.com), today announced Kim Johnson, the agency’s Global CEO, has been named to the prestigious 2022 PharmaVoice 100, a recognition of the 100 most inspiring people in the life-sciences industry. Each year the PharmaVoice 100, established in 2005 by premier healthcare communications publication, PharmaVoice, honors select individuals for their inspirational contributions to the life sciences industry. The distinguished honorees are selected based on comprehensive testimonial essays detailing how nominated individuals have motivated and effected positive change within the healthcare marketing...

Verizon to Speak at Media, Communications & Entertainment Conference Sept. 8

Written by Customer Service on September 6, 2022. Posted in Public Companies.

NEW YORK, Sept. 06, 2022 (GLOBE NEWSWIRE) — Manon Brouillette, executive vice president for Verizon (NYSE, Nasdaq: VZ), and CEO for Verizon Consumer, is scheduled to speak at the BofA Securities 2022 Media, Communications & Entertainment Conference on Thursday, September 8, at 11 a.m. ET. Her remarks will be webcast, with access instructions available on Verizon’s Investor Relations website, www.verizon.com/about/investors/. Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $133.6 billion in 2021. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering...

Progyny Strengthens Board of Directors with Appointment of Healthcare Leader and Advocate

Written by Customer Service on September 6, 2022. Posted in Public Companies.

NEW YORK, Sept. 06, 2022 (GLOBE NEWSWIRE) — Progyny, Inc. (Nasdaq: PGNY), a leading benefits management company specializing in fertility and family building benefits solutions, today announced the appointment of a new member to its board of directors, effective August 30, 2022. Joining the board is Lloyd Dean, Chief Executive Emeritus and Founding Executive of CommonSpirit Health. “I am excited to welcome Lloyd to the Board and believe the value he brings from his experience on expanding access to healthcare will be an asset as we explore how we can further our reach when it comes to infertility and family building,” said Pete Anevski, Chief Executive Officer of Progyny. “He brings complementary skills and experiences to the company that will help us continue on our path of high growth and industry leadership.” Mr. Dean will serve...

Nokia Corporation: Repurchase of own shares on 06.09.2022

Written by Customer Service on September 6, 2022. Posted in Public Companies.

Nokia CorporationStock Exchange Release6 September 2022 at 21:00 EEST Nokia Corporation: Repurchase of own shares on 06.09.2022 Espoo, Finland – On 6 September 2022 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*XHEL 223,750 5.03CEUX 8,686 5.03AQEU 5,783 5.03TQEX 3,281 5.05Total 241,500 5.03* Rounded to two decimals On 3 February 2022, Nokia announced that its Board of Directors is initiating a share buyback program under the authorization granted by Nokia’s Annual General Meeting on 8 April 2021 to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation...

Month: September 2022

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