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Day: November 16, 2022

Progressive Reports October 2022 Results

MAYFIELD VILLAGE, OHIO, Nov. 16, 2022 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for October 2022:  October(millions, except per share amounts and ratios; unaudited)   2022     2021   Change         Net premiums written $ 5,187.1   $ 4,346.6   19   %Net premiums earned $ 4,872.7   $ 4,397.8   11   %Net income $ 375.6   $ 373.8   0   %  Per share available to common shareholders $ 0.64   $ 0.63   0   %Total pretax net realized gains (losses) on securities $ 178.6   $ 302.1   (41 ) %Combined ratio   95.9     97.2   (1.3 ) pts.Average diluted equivalent common shares   587.1     586.4   0   %  October(thousands; unaudited) 2022   2021   ChangePolicies in Force          Personal Lines          Agency – auto 7,677.9   7,961.1   (4 ) %Direct...

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Rigid Plastic Packaging Market Size is Estimated to Reach US$ 250.2 Billion by 2026 Globally, at a CAGR of 4.7%, says MarketsandMarkets™

Chicago, Nov. 16, 2022 (GLOBE NEWSWIRE) — The global Rigid Plastic Packaging Market is projected to grow from USD 198.9 billion in 2021 to USD 250.2 billion by 2026, at a CAGR of 4.7% during the forecast period, as per the recent study by MarketsandMarkets™. The market is expected to witness significant growth in the future due to its multiple applications in end-use industries such as beverage, food, and healthcare. The global rigid plastic packaging market is driven by factors such as strong demand in major Asia-Pacific markets such as India and China and increasing demand from food & beverage packaging industries. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=178852016 Browse in-depth TOC on “Rigid Plastic Packaging Market” 195 – Market Data Tables 51- Figures 207- Pages...

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Codere Online Reports Financial Results for the Third Quarter of 2022

Total revenue was €28.9 mm in Q3 2022 (51% above Q3 2021), while net gaming revenue was €30.6 mm in the period (54% above Q3 2021)1. Mexico revenue was €11.4 mm in Q3 2022 (80% above Q3 2021), while Mexico net gaming revenue was €12.9 mm in the period (82% above Q3 2021). Spain revenue (and net gaming revenue) reached €14.9 mm in Q3 2022 (29% above Q3 2021 which was partially impacted by marketing restrictions implemented in 2021). Net loss was €11.6 mm in Q3 2022 (€28.4 mm in the first nine months of 2022). Total cash position of nearly €72 mm as of September 30, 2022.Madrid, Spain and Tel Aviv, Israel, November 16, 2022 – (GLOBE NEWSWIRE) Codere Online (Nasdaq: CDRO / CDROW, “the Company”), a leading online gaming operator in Spain and Latin America, has released its financial results for the third quarter ended September 30, 2022. Below...

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BrainsWay Reports Third Quarter 2022 Financial Results and Operational Highlights

Conference call to be held today, November 16, 2022, at 8:30 AM ET BURLINGTON, Mass. and JERUSALEM, Nov. 16, 2022 (GLOBE NEWSWIRE) — BrainsWay Ltd. (NASDAQ & TASE: BWAY) (“BrainsWay” or the “Company”), a world leader in advanced and non-invasive treatment for brain disorders, today reported third quarter 2022 financial results and provided an operational update. Recent Financial and Operational HighlightsFor the three months ended September 30, 2022, revenues were $5.2 million, a 36% decrease as compared to the prior year period. As of September 30, 2022, BrainsWay’s Deep TMS™ installed base was 851 total systems, a 19% increase from the installed base at the same point in the prior year. As of September 30, 2022, the Company had shipped 380 obsessive-compulsive disorder (OCD) coils as add-on helmets to certain of...

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Stock Yards Bancorp Declares Quarterly Cash Dividend of $0.29 Per Common Share

LOUISVILLE, Ky., Nov. 16, 2022 (GLOBE NEWSWIRE) — Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, central, eastern and northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, announced that its Board of Directors has declared a quarterly cash dividend of $0.29 per common share. The dividend will be paid on December 30, 2022, to stockholders of record as of December 19, 2022. Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $7.55 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “SYBT.” For more information...

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Immuron completes strategic investment in leading gut health biotech Ateria Health

Highlights:Immuron has completed settlement of strategic investment in leading gut health biotech Ateria Health, in accordance with signed subscription and option agreement (announced 13 October 2022):Strategic investment of approximately £1.5m (A$2.6m) to acquire an initial 17.5% of Ateria Health; Option for further investment of £1.47m, expiring on 31 July 2023Ateria Health is a U.K. based biotech company that develops and distributes supplements for overall health, including products that strengthen the gut microbiome. Ateria has developed and recently launched a ground-breaking product JUVIA™ for the treatment of irritable bowel syndrome (IBS) Intention to enter into reciprocal distribution agreement for Travelan® in the U.K. market and JUVIA™ in Australian and North American marketsCompletion of strategic...

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Sportradar Reports Strong Growth and Increased Profitability and Cash Flow

U.S. segment revenue increased 61% year over year; achieved first-time profitability in the third quarterRest of World Betting business drove strongest organic growth with high Adjusted EBITDA marginCompany raised guidance for revenue and narrowed Adjusted EBITDA range for full year 2022 ST. GALLEN, Switzerland, Nov. 16, 2022 (GLOBE NEWSWIRE) —  Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or the “Company”), the leading global technology company enabling next generation engagement in sports and provider of business-to-business solutions to the global sports betting industry, today announced financial results for its third quarter ended September 30, 2022. Third Quarter 2022 HighlightsRevenue in the third quarter of 2022 increased 31% to €178.8 million ($175.2 million)1 compared with the third quarter of 2021. 2022 year-to-date...

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REE Automotive Announces Third Quarter 2022 Financial Results

Commercialization phase underway with first orders; on track and on budget for start of productionCompany Recently Received Multiple Orders for Proxima Powered by REE and P7-B Box Trucks from Some of the Largest Fleets in the US Company Expects Additional Test Fleet Orders for Proxima Powered by REE and P7-B Trucks in the Coming Months On Budget for 2H23 Start of Production with Integration Center Build Out, Design and Engineering on Time Company’s Liquidity Position Sufficient to Commercialize P7 ProgramNEW YORK, Nov. 16, 2022 (GLOBE NEWSWIRE) — REE Automotive Ltd. (NASDAQ: REE) (“REE” or the “Company”), an automotive technology leader and provider of electric vehicle (EV) platforms, today announced its financial results for the third quarter of 2022. “Over the last several months, multiple large fleets as well as delivery,...

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BurgerFi Reports Third Quarter 2022 Results

Revenue Grows 290% to $43.3 million in Third Quarter First Anthony’s Multi-Unit Development Agreement Executed Conference Call Today, November 16, at 8:30 a.m. ET FORT LAUDERDALE, Fla., Nov. 16, 2022 (GLOBE NEWSWIRE) — BurgerFi International, Inc. (Nasdaq: BFI, BFIIW) (“BurgerFi” or the “Company”), owner of one of the nation’s leading fast-casual “better burger” dining concepts through the BurgerFi brand, and the high-quality, casual dining pizza brand under the name Anthony’s Coal Fired Pizza & Wings (“Anthony’s”), today reported financial results for the third quarter ended October 3, 2022. Highlights for the Third Quarter 2022Total revenue increased to $43.3 million in the third quarter 2022 compared to $11.1 million in the prior year quarter driven by the Anthony’s acquisitionConsolidated systemwide sales increased...

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Guardian Capital Announces November 2022 Distributions for Guardian Capital ETFs

TORONTO, Nov. 16, 2022 (GLOBE NEWSWIRE) — Guardian Capital LP announces the following regular cash distributions for the period ending November 30, 2022, in respect of the ETF series of the Guardian Capital funds listed below (the “Guardian Capital ETFs”). In each case, the distribution will be paid on November 30, 2022 to unitholders of record on November 24, 2022. The ex-dividend date in each case is November 23, 2022.  Guardian Capital ETFs Series of ETF Units DistributionFrequency TSX TradingSymbol Distribution Amount(per ETF Unit)Guardian Directed Equity Path ETF Hedged ETF Units Monthly GDEP $0.0746Guardian Directed Equity Path ETF Unhedged ETF Units Monthly GDEP.B $0.0684Guardian Directed Premium Yield ETF Hedged ETF Units Monthly GDPY $0.1231Guardian Directed Premium Yield ETF Unhedged ETF Units Monthly GDPY.B $0.1133GuardPath™ Managed...

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