Day: November 14, 2022

Global Beer Market to Surpass Valuation of $989.29 Billion by 2028 | Asia Pacific to Generate More than 40% Demand and Regional Consumption to Exceed 70,000 million liters by 2025

Written by Customer Service on November 14, 2022. Posted in Mergers And Acquisitions.

Global beer market is expected to reach USD 989.29 billion by 2028 from $768.17 billion in 2021, according to a new report by SkyQuest Technology. The market is anticipated to grow at a CAGR of 3.68% from 2021 to 2028. Westford, USA, Nov. 14, 2022 (GLOBE NEWSWIRE) — The growth of the beer market is primarily driven by the increasing demand for premium and craft beers. In addition, the growing popularity of home-brewing and microbreweries is also expected to contribute to the market growth over the forecast period. The industry is also characterized by high fixed costs, low marginal costs, and a relatively small number of brands. As a result, it is difficult for new entrants to gain a foothold in the market. SkyQuest also found that the beer market is sensitive to economic conditions. When consumers are feeling confident about the...

Diana Shipping Inc. Announces Delivery of the Ultramax Dry Bulk Vessel m/v DSI Andromeda and Time Charter Contract for m/v DSI Polaris With ASL

Written by Customer Service on November 14, 2022. Posted in Public Companies.

ATHENS, Greece, Nov. 14, 2022 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v DSI Andromeda (formerly “STH Tokyo”), a 2016 built Ultramax dry bulk vessel of 60,309 dwt. The vessel is one of nine modern Ultramax dry bulk vessels that the Company entered into an agreement to purchase in August 2022. The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ASL Bulk Marine Limited, for one of its Ultramax dry bulk vessels, the m/v DSI Polaris. The gross charter rate is US$13,100 per day, minus a 5% commission paid to third parties, for a period of...

Pebble to Present at Sequire Restaurants & Foodservice Conference on November 17th, 2022

Written by Customer Service on November 14, 2022. Posted in Public Companies.

Rockville, MD, Nov. 14, 2022 (GLOBE NEWSWIRE) — mPhase Technologies, Inc. (OTC Pink: XDSL) (“mPhase” or the “Company”) currently rebranding as “Pebble,” a leading climate technology company with services that transform how both merchants and consumers profit from sustainability-oriented commerce and lifestyle choices, announced today that the Company will present virtually at the upcoming Sequire Restaurants & Foodservice Conference on Thursday, November 17th, at 1:30 PM ET. Richard Thorpe, Pebble CEO, will provide investors with an in-depth look at the Company’s newly introduced platform designed to reward businesses and consumers on the path to the EV-centric economy of the future. “This will be my first opportunity to share our vision for this industry-first platform with investors, so I look forward to previewing what...

20 Acquisitions in 20 Months Fuel Significant Growth of Avantax’s Employee-based RIA Model

Written by Customer Service on November 14, 2022. Posted in Mergers And Acquisitions.

DALLAS, Nov. 14, 2022 (GLOBE NEWSWIRE) — A series of acquisitions has helped the Avantax® employee-based model to significantly grow total client assets and its geographic footprint. Two years ago, Avantax’s employee-based model had approximately $4.4 billion in total client assets, and a national footprint with a focus on the Midwest. Now, after a series of acquisitions complemented by organic growth, the employee-based model has grown total client assets to more than $7 billion (as of Sept. 30, 2022) while expanding its footprint to the West Coast, the Northeast, the Southeast and Texas. Avantax refers to its employee-based model as Avantax Planning Partners℠. Some of the Avantax firm acquisitions include the wealth management business of the following:West Coast: Carey & Hanna Tax & Wealth Planners in California Northeast:...

Performance Shipping Inc. Reports Record Net Income and Financial Results for the Third Quarter and Nine Months Ended September 30, 2022

Written by Customer Service on November 14, 2022. Posted in Earnings Releases And Operating Results.

ATHENS, Greece, Nov. 14, 2022 (GLOBE NEWSWIRE) — Performance Shipping Inc. (NASDAQ: PSHG) (the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported a record net income from continuing and discontinued operations of $10.7 million and net income from continuing and discontinued operations attributable to common stockholders of $10.4 million for the third quarter of 2022, compared to a net loss from continuing and discontinued operations and net loss from continuing and discontinued operations attributable to common stockholders of $2.2 million for the same period in 2021. Earnings per share, basic and diluted, for the third quarter of 2022 was $0.26 and $0.10, respectively, while loss per share for the third quarter of 2021 was $0.43. Revenue from continuing and discontinued operations...

Global Ethylene Market to Worth $240.38 Billion By 2028 | Oversupply and Volatile Pricing to Challenge Market Growth | SkyQuest Technology

Written by Customer Service on November 14, 2022. Posted in Mergers And Acquisitions.

Global ethylene market was valued at USD 165.25 billion in 2021, and it is expected to reach a value of USD 240.38 billion by 2028, at a CAGR of 5.5% over the forecast period (2022-2028). Westford, USA, Nov. 14, 2022 (GLOBE NEWSWIRE) — SkyQuest’s analysis of ethylene market presents an overview of the comprehensive overview and analyzes the key drivers of its recent performance. The report also discusses the challenges faced by the industry and provides insights into the future prospects of the sector. Ethylene is a versatile chemical used in the production of numerous products, including plastics, solvents, and adhesives. This chemical is produced by processing crude oil and natural gas. The growing demand for ethylene is being driven by the increasing use of plastics in a variety of industries, such as packaging, transportation,...

KnowBe4 Announces Third Quarter 2022 Financial Results

Written by Customer Service on November 14, 2022. Posted in Earnings Releases And Operating Results.

Revenues increased 33.9% year-over-year to $85.8 million Annual recurring revenue (ARR) increased 32.4% year-over-year to $347.2 million Number of customers reached more than 54,200 Net cash provided by operating activities was $32.7 million and free cash flow was $30.5 millionTAMPA BAY, Fla., Nov. 14, 2022 (GLOBE NEWSWIRE) — KnowBe4, Inc. (NASDAQ: KNBE), provider of the leading security awareness training and simulated phishing platform, today reported results for the third quarter ended September 30, 2022. “We are pleased to report another quarter of progress toward our growth goals, with ARR reaching $347.2 million for the third quarter of 2022.” said Stu Sjouwerman, founder and Chief Executive Officer of KnowBe4. “We are excited about our progress with new product development, including the highly-anticipated SecurityCoach...

Where Food Comes From, Inc. Reports 2022 Third Quarter and Nine-Month Financial Results

Written by Customer Service on November 14, 2022. Posted in Earnings Releases And Operating Results.

Third Quarter Highlights – 2022 vs. 2021Revenue increased 11% to $7.3 million from $6.5 millionNet income declines 9% to $785,000 from $867,000Diluted EPS of $0.13 vs. $0.14Adjusted EBITDA down 13% to $1.3 million from $1.5 millionCompany buys back 108,733 shares in third quarterNine Month Highlights – 2022 vs. 2021Revenue increased 16% to $18.8 million from $16.1 millionNet income of $1.5 million vs. $2.2 million in year-ago nine-month period when Company booked $1.0 million in PPP loan forgiveness in other incomeDiluted EPS of $0.25 vs. $0.36Adjusted EBITDA increased 16% to $2.8 million from $2.4 millionCash generated from operations flat at $3.0 millionCash & cash equivalents increased 11% to $6.0 million from $5.4 million at year-endNine-month share repurchase totals 202,783 sharesCASTLE ROCK, Colo.,...

Vaccinex Reports Third Quarter 2022 Results and Provides Corporate Update

Written by Customer Service on November 14, 2022. Posted in Earnings Releases And Operating Results.

Continued Progress in Pepinemab Oncology and Neurology Clinical Programs Promising initial responses in Phase 1b/2 open-label KEYNOTE B84 study of pepinemab with KEYTRUDA® in Recurrent/Metastatic Head and Neck Squamous Cell Carcinoma Patient enrollment continues in the Phase 1b/2 KEYNOTE B84 oncology and Phase 1/2a SIGNAL-AD Alzheimer’s studies Several posters and presentations expected at November Medical Meetings, the Society for Immunotherapy of Cancer (SITC 2022) and Huntington’s Study Group (HSG 2022) ROCHESTER, N.Y., Nov. 14, 2022 (GLOBE NEWSWIRE) — Vaccinex, Inc. (Nasdaq: VCNX), a clinical-stage biotechnology company pioneering a differentiated approach to treating cancer and neurodegenerative disease through the inhibition of SEMA4D, today announced financial results for the third quarter ended September 30, 2022 and provided...

Adial Pharmaceuticals Reports Third Quarter 2022 Financial Results and Provides Business Update

Written by Customer Service on November 14, 2022. Posted in Earnings Releases And Operating Results.

Advancing submission of AD04 ONWARD™ phase 3 results to regulatory agencies Actively exploring potential partnership opportunities for AD04 and Purnovate compounds Promoted Cary Claiborne to President and Chief Executive Officer CHARLOTTESVILLE, Va., Nov. 14, 2022 (GLOBE NEWSWIRE) — Adial Pharmaceuticals, Inc. (NASDAQ: ADIL; ADILW) (“Adial” or the “Company”) a clinical-stage biopharmaceutical company focused on developing therapies for the treatment and prevention of addiction and related disorders, today provided a business update and reported its financial results for the third quarter of 2022. Cary Claiborne, President and Chief Executive Officer of Adial, stated, “We are in the process of finalizing our regulatory strategy and are working aggressively to prepare submission of our ONWARD™ trial results to the appropriate...

Day: November 14, 2022

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