Year: 2022

NowVertical Group Reports Record Third Quarter 2022 Financial Results and Announces Appointment of Alim Virani as CFO

Written by Customer Service on November 16, 2022. Posted in Earnings Releases And Operating Results.

Adjusted Revenue was $8.5 million1 in Q3 2022 and $19.2 million1 in the first nine months of 2022, an increase of 789% over Q3 2021 and 648% over the nine months ended September 30, 2021 Pro Forma TTM Adjusted Revenue was $32.7 million1, an increase of nearly ten times over Q3 2021TORONTO, Nov. 16, 2022 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSX-V: NOW) (“NOW” or the “Company”), the vertical intelligence (“VI”) software and solutions company, today announces its financial results for the three and nine months ended September 30, 2022. All figures are in U.S. dollars unless otherwise stated. Selected Pro Forma and Financial HighlightsPro Forma TTM Adjusted Revenue1 – Pro Forma TTM Adjusted Revenue, which includes all acquisitions closed at September 30, 2022, was $32.7M, a nearly ten-fold increase over Q3 2021. Adjusted...

Arabian Entertainment Company, Ltd., a leading food, beverage and entertainment company in Saudi Arabia, enters into Business Combination Agreement with Sagaliam Acquisition Corp. Combined company is expected to trade on NASDAQ

Written by Customer Service on November 16, 2022. Posted in Mergers And Acquisitions.

Arabian Entertainment Company, Ltd. (“AEC”) has entered into a business combination agreement with Sagaliam Acquisition Corp. (NASDAQ: SAGA). The combined company is expected to trade on NASDAQ. AEC’s business model focuses on three complimentary pillars – franchise restaurants, fine dining & entertainment and live entertainment venues – in the MENA region. AEC owns the exclusive rights to the Applebee’s and Ocean Basket franchises in Saudi Arabia. Transaction to provide AEC up to $151.5 million in proceeds including an anticipated $35 million of immediate funding through a PIPE and up to $116.5 million of SPAC cash held in trust, based on a pre-transaction equity value of $379 million. Proceeds will allow AEC to expand its presence in Saudi Arabia and the MENA region and diversify its offerings across the food, beverage and...

LexinFintech Holdings Ltd. Reports Third Quarter 2022 Unaudited Financial Results

Written by Customer Service on November 16, 2022. Posted in Public Companies.

Vintage Charge Off Curve Vintage Charge Off CurveDpd30+/GMV by Performance Windows Dpd30+/GMV by Performance WindowsFirst Payment Default 30+ First Payment Default 30+SHENZHEN, China, Nov. 16, 2022 (GLOBE NEWSWIRE) — LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading online and offline consumption platform and a technology-driven service provider in China, today announced its unaudited financial results for the quarter ended September 30, 2022. “In the third quarter, our total loan originations reached approximately RMB56.2 billion, surpassing our original expectation of RMB53 billion. Other key financial, operational and overall risk level metrics were well on the track of a gradual trajectory of recovery quarter over quarter this year,” said Jay Wenjie Xiao, Lexin’s chairman and chief...

Arvind Krishna Joins Northrop Grumman Board of Directors

Written by Customer Service on November 16, 2022. Posted in Public Companies.

FALLS CHURCH, Va., Nov. 16, 2022 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) announced it has elected Arvind Krishna to its board of directors. Krishna is the chairman and chief executive officer of IBM. “Arvind is a proven business leader and technologist, with deep knowledge of the technology landscape,” said Kathy Warden, chairman, chief executive officer and president, Northrop Grumman. “He brings an important perspective that will be incredibly valuable for our company’s innovation journey and continued growth trajectory.” Krishna became IBM’s CEO in April 2020, and chairman of the board in January 2021. He has held numerous senior leadership positions with IBM. Prior to becoming CEO, Krishna was senior vice president for cloud and cognitive software and he also headed IBM Research. He has led the building...

Euro Manganese Explores Opportunity to Produce Battery-Grade Manganese in North America

Written by Customer Service on November 16, 2022. Posted in Public Companies.

Figure 1. Port of Bécancour and its industrial park, showing location of the high-purity manganese sulfate plant proposed by EMN.VANCOUVER, British Columbia, Nov. 16, 2022 (GLOBE NEWSWIRE) — Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the “Company” or “EMN”) is pleased to announce it is exploring an opportunity to develop a project to produce high-purity manganese products in Canada for the North American market. HighlightsThe demand for North American high purity manganese is expected to rise to approximately 200,000 tonnes per annum (“tpa”) metal equivalent by 2031, yet there is no current processing capacity and production of battery-grade manganese in North America.A scoping study is underway to evaluate a site in Bécancour, Québec (“the Bécancour...

MJardin Announces Commencement of Sale and Investment Solicitation Process

Written by Customer Service on November 16, 2022. Posted in Public Companies.

TORONTO, Nov. 16, 2022 (GLOBE NEWSWIRE) — MJardin Group, Inc. (OTC: MJARF) (“MJardin”) today announced the commencement of a sale and investment solicitation process (the “SISP”) in respect of the business and assets of MJardin, Growforce Holdings Inc., 8586985 Canada Corporation and Highgrade MJ Corporation (collectively, the “Company”). The SISP will be conducted by KSV Restructuring Inc., in its capacity as Court-appointed monitor of the Company (the “Monitor”), with the assistance of the Company, including Howards Capital Corp. as chief restructuring officer of the Company (the “CRO”). The SISP will be conducted in the context of the Company’s ongoing proceedings under the Companies’ Creditors Arrangement Act (Canada) (the “CCAA”). On June 2, 2022, PricewaterhouseCoopers Inc., in its capacity as receiver and manager (in such...

Sdiptech AB (publ) completes a directed share issue and raises proceeds of SEK 506 million

Written by Customer Service on November 16, 2022. Posted in Public Companies.

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SWITZERLAND OR IN ANY OTHER JURISDICTION WHERE THE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO THE IMPORTANT INFORMATION AT THE END OF THIS PRESS RELEASE Press release16 November 2022, 23:15 Sdiptech AB (publ) completes a directed share issue and raises proceeds of SEK 506 million Sdiptech AB (publ) (“Sdiptech” or the “Company”) has completed a directed share issue of 2.2 million B-shares at a price of SEK 230 per share (the “Directed Share Issue”). Through the Directed Share Issue, the Company will receive gross proceeds of SEK 506 million....

RGC Resources, Inc. Reports 2022 Earnings

Written by Customer Service on November 16, 2022. Posted in Earnings Releases And Operating Results.

ROANOKE, Va., Nov. 16, 2022 (GLOBE NEWSWIRE) — RGC Resources, Inc. (NASDAQ: RGCO) announced a consolidated Company net loss of $31,732,602 or $3.48 per share for the fiscal year ended September 30, 2022. The net loss reflects total after-tax impairment charges of approximately $40.9 million related to RGC Midstream, LLC’s (“Midstream”) investment in the Mountain Valley Pipeline, LLC (“MVP”). Underlying net income, a non-GAAP measure that excludes the impairment, was $9,178,942 or $1.01 per share, which compares to underlying earnings of $10,102,062 or $1.22 per share for the year ended September 30, 2021. Roanoke Gas continued executing its strategy of utility investment that increases system reliability and drives customer growth and earnings. CEO Paul Nester stated, “Utility margins increased $1.7 million, or 4%, on SAVE infrastructure...

Ottawa Bancorp, Inc. Announces Third Quarter 2022 Results and Cash Dividend

Written by Customer Service on November 16, 2022. Posted in Dividend Reports And Estimates.

OTTAWA, Ill., Nov. 16, 2022 (GLOBE NEWSWIRE) — Ottawa Bancorp, Inc. (the “Company”) (OTCQX: OTTW), the holding company for OSB Community Bank (the “Bank”), announced net income of $0.3 million, or $0.13 per basic and diluted common share, for the three months ended September 30, 2022, compared to net income of $0.8 million, or $0.29 per basic and diluted common share for the three months ended September 30, 2021. For the nine months ended September 30, 2022, the Company announced net income of $1.9 million, or $0.73 per basic and diluted common share, compared to net income of $2.1 million, or $0.76 per basic and $0.75 per diluted common share, for the nine months ended September 30, 2021. During the third quarter of 2022, the Company continued to grow the loan portfolio even though loan originations have tapered off significantly...

NVIDIA Announces Financial Results for Third Quarter Fiscal 2023

Written by Customer Service on November 16, 2022. Posted in Earnings Releases And Operating Results.

NVIDIA Corp. headquarters NVIDIA is headquartered in Santa Clara, Calif.Data Center revenue of $3.83 billion, up 31% from a year ago Quarterly return to shareholders of $3.75 billionSANTA CLARA, Calif., Nov. 16, 2022 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: NVDA) today reported revenue for the third quarter ended October 30, 2022, of $5.93 billion, down 17% from a year ago and down 12% from the previous quarter. GAAP earnings per diluted share for the quarter were $0.27, down 72% from a year ago and up 4% from the previous quarter. Non-GAAP earnings per diluted share were $0.58, down 50% from a year ago and up 14% from the previous quarter. “We are quickly adapting to the macro environment, correcting inventory levels and paving the way for new products,” said Jensen Huang, founder and CEO of NVIDIA. “The ramp of our new platforms...

Year: 2022

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals