Day: November 14, 2022

HOUSTON, Nov. 14, 2022 (GLOBE NEWSWIRE) — Deep Down, Inc. (OTCQB: DPDW) (“Deep Down” or the “Company”), a specialist in deepwater production and distribution equipment and services, today reported results for its quarter ended September 30, 2022. Deep Down at a Glance:  Share Price†: $0.70 Cash*:       $3.5M    52-Week Range†: $0.42 – $0.80 Book Value*: $8.4M    Shares Out.†: 11.9M Price / Book Value: 1.0x    Market Cap†: $8.3M TTM Revenue: $14.6M    *As of 09/30/22; †As of 11/11/22                   Charles Njuguna, Deep Down’s CEO, commented, “Deep Down’s top-line results for the third quarter of 2022 are indicative of the ongoing challenges that face the offshore industry. Inflation, certain geopolitical events, and the possibility of a prolonged recession continue to weigh on the timing of our customers’...

Q2 revenue up 12% YOY to $3.5 million from $3.1 millionQ2 net loss increased to $3.9 million from $1.4 million YOY primarily due to nonrecurring events, including professional fees related to restatement of financial statements and SEC filings, severance and stock-based compensation related to the CFO transition, and the $1.1 million in Employee Retention Credits received in the second quarter last yearQ2 Adjusted EBITDA loss was flat at $1.6 millionSix-month revenue increased 46% YOY to $12.0 million from $8.2 millionSix-month net loss reduced to $0.8 million from $5.3 million YOY due primarily to the $4.3 million gain on debt extinguishment in the first quarter of 2022Six-month adjusted EBITDA improved to a $1.4 million loss from a $2.5 million lossCompany now working to close and report financial results for third...

SHOUGUANG, China, Nov. 14, 2022 (GLOBE NEWSWIRE) — Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources”, “we,” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced unaudited financial results for the three and nine months ended September 30, 2022. Financial Highlights For the three-month period ending September 30,2022Revenues increased 29% to $22,862,795 compared to the same period of 2021. Income from operations increased 68% to $11,942,592 compared to the same period of 2021. Profits before taxes increased 68% to $11,978,347. Net income increased 66% to $8,967,380. Earnings per share increased 65% to $0.86.For the nine-month period ending September 30,2022Revenues increased 39% to $47,505,246. Income from operations increased...

SAN DIEGO, Nov. 14, 2022 (GLOBE NEWSWIRE) — Metacrine, Inc. (NASDAQ:MTCR), a clinical-stage biopharmaceutical company developing differentiated therapies for patients with gastrointestinal diseases, today reported its third-quarter 2022 financial results. “We made great progress during the quarter in advancing our proposed merger with Equillium,” said Preston Klassen, M.D., MHS, president and chief executive officer of Metacrine. “We believe that Equillium has demonstrated compelling clinical data in Lupus Nephritis and has an exciting pipeline of clinical programs with multiple upcoming data catalysts and potential value inflection events. Equillium is led by an accomplished leadership team with proven clinical development experience. I strongly believe that we have found an excellent partner with Equillium and that our stockholders...

Undertakes Reorganization to Leverage Success to Date MINNEAPOLIS, Nov. 14, 2022 (GLOBE NEWSWIRE) — Fresh Vine Wine, Inc. (NYSE American: VINE), a leading producer of lower carb, lower sugar, and lower calorie premium wines in the United States, announced that the company today filed with the Securities and Exchange Commission its Quarterly Report on Form 10-Q for the third quarter ended September 30, 2022. Rick Nechio, Interim Chief Executive Officer of Fresh Vine Wine, added, “Fresh Vine Wine has successfully opened product distribution in 43 states, plus Puerto Rico, with 2 additional states awaiting licensing this year. Today between our distributors and online strategic partners, Fresh Vine Wine reaches all 50 states. Our wines are being produced by one of the most decorated winemakers in California, Jamey Whetstone, leading...

Company to Host Conference Call at 9:00 a.m. ET on November 15, 2022 WALTHAM, Mass., Nov. 14, 2022 (GLOBE NEWSWIRE) — Great Elm Group, Inc. (“we,” “us,” “our,” “GEG,” or “Great Elm”), (NASDAQ: GEG), a diversified holding company, today announced financial results for its fiscal first quarter ended September 30, 2022. Fiscal 2023 First Quarter Operating and Financial Highlights(All comparisons versus the prior-year period unless otherwise noted) Consolidated:Consolidated revenue for the first quarter was $18.6 million, up 12% compared to $16.5 million in the prior-year period. On a consolidated basis, GEG recognized a net loss of $8.5 million for the first quarter, compared to net income of $0.1 million for the same period in the prior year. The variance was primarily a function of higher losses on investments in shares of Great...

Revenue of $264 million, a decline of 5.4% from Q3 2021 Net loss of $85 million Exela’s European business signed a deal to go public through a merger with CF Acquisition Corp. VIII based on a $220 million valuation Won $87M TCV(1) in Q3; record YTD in new business wins Small-and-Medium-Sized Business (“SMB”) continues strong growth with DMR(2) customers growing 227% and DrySign® users growing 1,244% over Q3 2021 Gross margin and operating income improvements in place for 2023Conference call scheduled for November 14, 2022 at 6:00 PM ET IRVING, Texas, Nov. 14, 2022 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation (“BPA”) leader, announced today its financial results for the third quarter ended September 30, 2022. “Since stepping into my current...

LOS ANGELES, Nov. 14, 2022 (GLOBE NEWSWIRE) — HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing and food and package delivery services, today reported financial results and provided a corporate update for the third quarter ended September 30, 2022. Third Quarter 2022 HighlightsThe company’s joint venture with AmeriDrive, HyreDrive LLC, has deployed over $20 million from the $100 million warehousing line, resulting in over 1,200 new cars purchased dedicated to the HyreCar platform AmeriDrive expects to add an additional 2,000 cars to the HyreCar platform in the next six to nine months Driver demand continued to increase, with new driver signups increasing 14% with cost per booking down 24% EVs available on the platform increased over 15% YoY, and EVs rented on the platform increased 126% in the third quarter...

Revenue grows to $7.2 millionOn track to exceed 2022 revenue guidance  Newtown, PA, Nov. 14, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Forian Inc. (Nasdaq: FORA), a provider of technology, analytics and data science driven solutions for the healthcare and cannabis industries, today announced results for the quarter ended September 30, 2022. “Forian’s third quarter results demonstrate our business model’s ability to generate significant organic growth,” said Max Wygod, Forian Executive Chairman. “The strong results enable us to report that we are on track to exceed the high-end of our revenue range for full year 2022.” Forian Chief Executive Officer Dan Barton continued, “Third quarter 2022 financial results continue to demonstrate significant revenue growth, especially in our healthcare information offerings. This strong...