Day: December 6, 2022

Avid Bioservices Reports Financial Results for Second Quarter Ended October 31, 2022 and Recent Developments

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

— Recorded Second Quarter Revenue of $34.8 Million — — Signed $26 Million in Net New Business Orders Resulting in a Backlog of $147 Million, an Increase of 23% Year-Over-Year — — Mammalian Cell Facilities and Cell and Gene Therapy Facility Expansions Continue on Schedule — — Revenue Guidance for Fiscal 2023 Increased to $145 to $150 Million — TUSTIN, Calif., Dec. 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 second quarter and six months ended October 31, 2022. Highlights from the Quarter Ended October...

Stitch Fix Announces First Quarter of Fiscal Year 2023 Financial Results

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

SAN FRANCISCO, Dec. 06, 2022 (GLOBE NEWSWIRE) — Stitch Fix, Inc. (NASDAQ:SFIX), the trusted online personal stylist, today announced its financial results for the first quarter of fiscal year 2023 ended October 29, 2022. Stitch Fix CEO Elizabeth Spaulding said, “This quarter we made meaningful progress on our transformation journey despite a difficult macro environment. Through diligent cost savings and efficiencies we beat our adjusted EBITDA expectations for Q1 and have improved our adjusted EBITDA guidance for FY23. By enhancing our client experience, rightsizing our cost structure, evolving our marketing and deepening our differentiators of fit, discovery, and human relationships, we are positioning ourselves well to achieve profitability in the near term and a return to growth in the future.” First Quarter Key Metrics and...

ZeroFox Announces Third Quarter Fiscal Year 2023 Financial Results

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

Achieves record revenue of $43 million and annual recurring revenue of $153 million WASHINGTON, Dec. 06, 2022 (GLOBE NEWSWIRE) — ZeroFox Holdings, Inc. (Nasdaq: ZFOX), a leading external cybersecurity provider, today announced financial results for the third quarter ended October 31, 2022. The financial statements reflect the results of operations from the closing of the business combination with L&F Acquisition Corp. and ID Experts Holdings, Inc. on August 3, 2022, and are for a shortened reporting period of August 4, 2022, through October 31, 2022. The comparison to prior year GAAP operating results is not meaningful because the financial results for the prior year’s period consist only of our predecessor, ZeroFox, Inc. and do not include the operating results of IDX. “As a newly listed public company, we continued...

HealthEquity Reports Third Quarter Ended October 31, 2022 Financial Results

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

Highlights of the third quarter include:Revenue of $216.1 million, an increase of 20% compared to $180.0 million in Q3 FY22. Net loss of $1.6 million, compared to $5.0 million in Q3 FY22, with non-GAAP net income of $32.4 million, an increase of 12% compared to $28.9 million in Q3 FY22. Net loss per diluted share of $0.02, compared to $0.06 in Q3 FY22, with non-GAAP net income per diluted share of $0.38, compared to $0.35 in Q3 FY22. Adjusted EBITDA of $73.4 million, an increase of 20% compared to $61.1 million in Q3 FY22. 7.7 million HSAs, an increase of 23% compared to Q3 FY22. Total HSA Assets of $20.2 billion, an increase of 23% compared to Q3 FY22. 14.5 million Total Accounts, including both HSAs and complementary CDB accounts, an increase of 9% compared to Q3 FY22.DRAPER, Utah , Dec. 06, 2022 (GLOBE NEWSWIRE) — HealthEquity,...

Gray Promotes Collin Gaston to Senior Vice President and Promotes Jason Mathews to General Manager of WBRC

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

ATLANTA, Dec. 06, 2022 (GLOBE NEWSWIRE) — Gray Television, Inc. (“Gray” or “we”) (NYSE: GTN) today promotes Collin Gaston, currently a Regional Vice President and the General Manager of WBRC FOX6 in Birmingham, Alabama, to the position of Senior Vice President to oversee Gray television markets in the South, Texas and Colorado. Gray today also promotes Jason Mathews, who has served as WBRC’s General Sales Manager, to succeed Collin as the television station’s new General Manager. Collin Gaston has been working in the broadcast television field for 30 years beginning as an intern at WTXL while completing a degree in Media Communications at Florida State University. Upon graduation from FSU, he joined the sales department at WTXL in Tallahassee, Florida. In 1998, Collin became a regional account executive and later national sales...

Adage Technologies Acquires Doctus

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

Trusted Ecommerce Leaders Expand Offerings and Global Reach Chicago, IL, Dec. 06, 2022 (GLOBE NEWSWIRE) — Adage Technologies, Inc. [Adage] has acquired Doctus, S.A.S, [Doctus], a Colombian-based ecommerce, software, and web development firm, effective December 1, 2022. The Adage acquisition of Doctus will enable both companies to expand their offerings, particularly in the ecommerce space, where both companies have significant experience. “We are confident the acquisition will strengthen both organizations,” says Roy Chomko, President and CEO at Adage. “Our technical, cultural, and procedural alignments will enable Adage and Doctus to further our shared vision of using technology to advance our clients’ missions.” “Our company looks forward to joining the Adage team,” says Juan Carlos Aristizabal, CEO at Doctus. “The opportunity...

Westland Insurance acquires Hyndman Insurance Group

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

Westland is now one of the largest insurance brokers in Atlantic Canada Surrey, BC/Territories of the Coast Salish (Kwantlen, Katzie, Semiahmoo, Tsawwassen first nations), Dec. 06, 2022 (GLOBE NEWSWIRE) — Westland Insurance, Canada’s largest independent insurance broker, today announced its acquisition of Hyndman Insurance Group, Sears Insurance, Hyndman & Company, and Hickey & Hyndman. This Group of affiliated companies is one of the largest and oldest insurance brokers in Canada. Hyndman Insurance Group has offices in Prince Edward Island and New Brunswick and represents Westland’s entry into each province. Hyndman & Company dates back to 1872 when Hyndman Insurance was founded. Hyndman Insurance Group includes brokerages Hyndman & Company, Hickey & Hyndman, and Sears Insurance. Collectively, the Hyndman...

Zoltek celebrates the founder’s 80th birthday

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

Leading the carbon fiber industry on a global scaleZsolt Rumy Zsolt Rumy, founder and current board member of Zoltek Corporation.St. Louis, Missouri, USA, Dec. 06, 2022 (GLOBE NEWSWIRE) — Zoltek Corporation, the largest global manufacturer of industrial grade carbon fiber, has recently celebrated the 80th birthday of its founder, Zsolt Rumy. Born in December 1942 in Budapest, Hungary, Mr. Rumy was a carbon fiber industry pioneer that ultimately changed the carbon fiber world. He created the first industrial-grade carbon fiber made to compete against other common building materials, and created Zoltek Corporation to drive the commercialization of carbon fibers. Mr. Rumy fled Soviet communism after the Hungarian Revolution in 1956, and arrived in the US as a 14-year old war refugee through the International Red Cross and Catholic...

LM Funding America, Inc. Chairman and CEO to Appear on CNBC’s Crypto World Today at 3PM ET

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

TAMPA, FL, Dec. 06, 2022 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ:LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, announced today that the Company’s Chairman and CEO, Bruce Rodgers, will appear on CNBC’s national streaming show, Crypto World, today, December 6, at approximately 3:00 PM Eastern Time. To view the interview, please visit: https://www.cnbc.com/cryptoworld/ About LM Funding America LM Funding America, Inc., (Nasdaq: LMFA) together with its subsidiaries, is a cryptocurrency mining business that commenced Bitcoin mining operations in September 2022. The Company also operates a technology-based specialty finance company that provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as...

Novartis Kisqali® prolonged PFS benefit for pre- and perimenopausal patients with aggressive HR+/HER2− metastatic breast cancer compared to chemotherapy

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

RIGHT Choice Phase II trial is the first randomized study in patients with aggressive HR+/HER2− metastatic breast cancer (MBC), including visceral crisis, comparing a CDK4/6 inhibitor (CDK4/6i) plus endocrine therapy (ET) versus combination chemotherapy (CT)1Kisqali plus ET demonstrated a statistically significant progression-free survival (PFS) benefit of one year compared to combination CT; data to be presented at SABCS 20221Kisqali is a unique CDK4/6i that has consistently shown statistically significant overall survival benefit while preserving or improving quality of life across three Phase III trials in MBC, including in patients with aggressive disease1,2–13 Basel, December 6, 2022 — Novartis today announced results from the RIGHT Choice Phase II trial evaluating Kisqali® (ribociclib) plus endocrine therapy (ET) against...

Day: December 6, 2022

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