Year: 2022

Belpointe PREP, LLC Announces All Outstanding Loan Receivables Have Been Repaid In Full And Early

Written by Customer Service on December 20, 2022. Posted in Public Companies.

GREENWICH, Conn., Dec. 20, 2022 (GLOBE NEWSWIRE) — Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ” or the “Company”), a publicly traded qualified opportunity fund, announced today that all of its outstanding loans receivables, including a $30.0 million related party loan, have been repaid in full. On February 23, 2022, Belpointe OZ provided a commercial mortgage loan in the principal amount of $5.0 million (the “Visco Loan”) to Visco Propco, LLC (“Visco”). The Visco Loan was evidenced by a promissory note bearing interest at an annual rate of 6.0%, due and payable on February 18, 2023, and was secured by a first lien deed of trust on certain real property. Visco repaid the Visco Loan in full on December 6, 2022. On June 28, 2022, Belpointe OZ provided a commercial mortgage loan in the principal amount of $30.0 million (the...

Horizon Bank Announces the retirement of Daniel Hopp and Appointment of Vanessa Williams as New Director

Written by Customer Service on December 20, 2022. Posted in Public Companies.

MICHIGAN CITY, Ind., Dec. 20, 2022 (GLOBE NEWSWIRE) — (NASDAQ GS: HBNC) Horizon Bancorp, Inc. (“Horizon”) announced today the retirement of Daniel F. Hopp from the Board of Directors (the “Board”) and the appointment of Vanessa P. Williams to serve on the Board of Horizon Bancorp, Inc. Mr. Hopp will retire from the Board effective December 31, 2022 after serving for the past 18 years and reaching Horizon’s mandatory retirement age. Mr. Hopp began his service to the Board of Directors of Horizon Bank in 2004 and from July 2013 through June 2022 served as Horizon Bancorp’s Lead Director. In his tenure, he served on the Board’s Compensation and Nominating Committee as well as the Corporate Governance Committee. “Dan has earned the admiration and respect from his fellow directors and employees for his loyalty to Horizon, personal values,...

Worthington Reports Second Quarter Fiscal 2023 Results

Written by Customer Service on December 20, 2022. Posted in Earnings Releases And Operating Results.

COLUMBUS, Ohio, Dec. 20, 2022 (GLOBE NEWSWIRE) — Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $1.2 billion and net earnings of $16.2 million, or $0.33 per diluted share, for its fiscal 2023 second quarter ended November 30, 2022. In the second quarter of fiscal 2022, the Company reported net sales of $1.2 billion and net earnings of $110.3 million, or $2.15 per diluted share. Results in both the current and prior year quarter were impacted by certain unique items, as summarized in the table below. (U.S. dollars in millions, except per share amounts) 2Q 2023 2Q 2022 After-Tax Per Share After-Tax Per Share Net earnings $ 16.2 $ 0.33 $ 110.3 $ 2.15 Incremental expense related to Level5 earnout 0.4 0.01 – – Restructuring...

Vivos Therapeutics Reports Second and Third Quarter 2022 Financial Results and Provides Operational Update

Written by Customer Service on December 20, 2022. Posted in Earnings Releases And Operating Results.

Second and Third Quarter 10-Q Filings Bring Vivos Currenton SEC Filings for Nasdaq Stock Market Purposes Management to Host Conference Call Today at 5:00 pm ET LITTLETON, Colo., Dec. 20, 2022 (GLOBE NEWSWIRE) — Vivos Therapeutics, Inc. (“Vivos” or the “Company”) (NASDAQ: VVOS), a medical technology company focused on developing innovative treatments for patients suffering from dentofacial abnormalities and/or mild to moderate obstructive sleep apnea (OSA) and snoring in adults, today reported financial results and operating highlights for the second and third quarters of 2022. As previously disclosed, the delay in filing Vivos’ Form 10-Qs for the second and third quarters of 2022 was the result of management’s review and analysis regarding the technical application of ASC Topic 606, Revenue From Contracts with Customers (“ASC...

Mid Penn Bancorp, Inc. Signs Definitive Agreement to Acquire Brunswick Bancorp

Written by Customer Service on December 20, 2022. Posted in Mergers And Acquisitions.

Acquisition results in a meaningful expansion into the attractive central New Jersey market and results in a combined bank with approximately $5.0 billion in assets NEW BRUNSWICK, N.J. and HARRISBURG, Pa., Dec. 20, 2022 (GLOBE NEWSWIRE) — Mid Penn Bancorp, Inc. (“Mid Penn”) (NASDAQ:MPB), headquartered in Harrisburg, Pennsylvania, and Brunswick Bancorp (“Brunswick”) (OTCPK:BRBW), headquartered in New Brunswick, New Jersey, today jointly announced the signing of a definitive merger agreement pursuant to which Mid Penn will acquire Brunswick in a combination cash and stock transaction valued at approximately $53.9 million (based upon Mid Penn’s closing stock price of $30.95 for the trading day ending December 19, 2022). The merger, unanimously approved by both boards of directors, will expand Mid Penn’s footprint into the attractive...

Frequency Electronics, Inc. Announces Second Quarter Fiscal Year 2023 Financial Results

Written by Customer Service on December 20, 2022. Posted in Earnings Releases And Operating Results.

MITCHEL FIELD, N.Y., Dec. 20, 2022 (GLOBE NEWSWIRE) — Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and six-month periods of fiscal 2023, ended October 31, 2022, of approximately $8.9 million and $17.2 million, respectively, compared to revenues of $12.9 million and $25.9 million, respectively, for the same periods of fiscal 2022, ended October 31, 2021. Operating loss for the second quarter of fiscal 2023 was $2.3 million compared to an operating profit of $303,000 for the same period of fiscal 2022. Operating loss for the six months ended October 31, 2022 was $5.4 million compared to an operating loss of $1.4 million for the six months ended October 31, 2021. Net loss from operations for the three and six months ended October 31, 2022 was $2.3 million or ($0.25) per diluted...

CalAmp Reports Third Quarter Fiscal Year 2023 Financial Results

Written by Customer Service on December 20, 2022. Posted in Earnings Releases And Operating Results.

Total consolidated revenue increases 8% sequentially to $78.9 million Software and Subscription Services revenue increases 11% sequentially to $49.3 million IRVINE, Calif., Dec. 20, 2022 (GLOBE NEWSWIRE) — CalAmp (Nasdaq: CAMP), a connected intelligence company that helps organizations monitor, track and protect their vital assets, today reported financial results for its third quarter of fiscal year 2023 ended November 30, 2022. “Revenue in the quarter exceeded the high-end of our expectations as increased supply allowed us to ship aged backlog to strategic customers,” said Jeff Gardner, CalAmp’s President and CEO. “This increased supply included devices incorporating components we secured in the spot market for customers affected by the imminent decommissioning of Verizon’s 3G network. We had an unusually high volume of spot...

AAR reports second quarter fiscal year 2023 results

Written by Customer Service on December 20, 2022. Posted in Earnings Releases And Operating Results.

Second quarter sales of $470 million, up 8% over the prior year Second quarter GAAP diluted earnings per share from continuing operations of $0.64, compared to $0.58 in Q2 FY2022 Adjusted diluted earnings per share from continuing operations of $0.69, up 30% from $0.53 in Q2 FY2022WOOD DALE, Ill., Dec. 20, 2022 (GLOBE NEWSWIRE) — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported second quarter fiscal year 2023 consolidated sales of $469.8 million and income from continuing operations of $22.5 million, or $0.64 per diluted share. For the second quarter of the prior year, the Company reported sales of $436.6 million and income from continuing operations of $20.8 million, or $0.58 per diluted share. Our adjusted diluted earnings per share from continuing...

Calavo Growers, Inc. Announces Fourth Quarter and Fiscal 2022 Financial Results

Written by Customer Service on December 20, 2022. Posted in Earnings Releases And Operating Results.

Delivered fourth quarter and full year earnings improvement, led by Prepared segment recovery SANTA PAULA, Calif., Dec. 20, 2022 (GLOBE NEWSWIRE) — Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado-industry leader and provider of convenient, ready-to-eat fresh food, today reported its financial results for the fiscal fourth quarter and fiscal year ended October 31, 2022. Fourth Quarter Financial OverviewTotal revenue of $243.6 million, an 11% decline from prior yearGrown segment revenue declined 20% year-over-year to $119.1 million Prepared segment revenue increased 0.6% year-over-year to $125.0 millionGross profit of $20.4 million compared to $9.1 million for the year-ago quarterGrown segment gross profit increased $1.1 million from prior year to $8.6 million Prepared segment gross profit increased $10.1 million...

Bridgeline Announces Financial Results for the Full Year and Fourth Quarter of Fiscal 2022

Written by Customer Service on December 20, 2022. Posted in Earnings Releases And Operating Results.

FY 2022 Revenue Increases 27% Versus Prior Year FY 2022 Subscription and Licenses Revenue Increases 36% Versus Prior Year WOBURN, Mass., Dec. 20, 2022 (GLOBE NEWSWIRE) — Bridgeline Digital, Inc. (NASDAQ: BLIN), a leading SaaS marketing technology provider, today announced financial results for its fiscal fourth quarter ended September 30, 2022. “Bridgeline continues to grow with an increase of 27% in annual revenue compared to the prior year,” said Ari Kahn, Bridgeline’s President and Chief Executive Officer. “Our partner network is driving new customer wins, and in addition to our ISV partners such as BigCommerce, Kentico, Optimizely, and Sitefinity, we have added several system integrators including Niteco and Thanx Media to drive more sales.” Financial Highlights – Fourth Fiscal Quarter of Fiscal Year 2022Total revenue was...

Year: 2022

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