Year: 2022

Inspirato Announces Third Quarter 2022 Financial and Operating Results

Written by Customer Service on December 19, 2022. Posted in Earnings Releases And Operating Results.

DENVER, Dec. 19, 2022 (GLOBE NEWSWIRE) — Inspirato Incorporated (“Inspirato” or the “Company”) (NASDAQ: ISPO), the innovative luxury travel subscription brand, today announced its 2022 third quarter financial and operating results. 2022 Third Quarter HighlightsStrong Operational Results. As of September 30, 2022, Total Active Subscriptions, Annual Recurring Revenue and Controlled Accommodations all finished at the highest levels in Company history. Record Subscription Revenue, Travel Revenue and Total Revenue. Quarterly revenue of $93 million, an increase of 44% year-over-year, including subscription revenue of $39 million, an increase of 53% year-over-year, and travel revenue of $55 million, a 38% increase year-over-year. Subscription Growth. Active Subscriptions of 16,300 as of September 30, 2022, an increase of 16% year-over-year....

Otonomy Provides Corporate Update

Written by Customer Service on December 19, 2022. Posted in Public Companies.

SAN DIEGO, Dec. 19, 2022 (GLOBE NEWSWIRE) — Otonomy, Inc. (Nasdaq: OTIC) today announced that the company’s board of directors, after considering strategic options, has approved and adopted a Plan of Liquidation and Dissolution (“Plan of Dissolution”) that would include the distribution of remaining cash to stockholders following an orderly wind down of the company’s operations, including the proceeds from the sale of any pipeline assets. To reduce cost, Otonomy has implemented a reduction in workforce. These updates are discussed below. Evaluation of Strategic Options As previously reported, Otonomy initiated an evaluation of strategic options to realize value from its pipeline. The company is currently in discussions for the potential sale of its pipeline assets. Proceeds from any such sale would be distributed to stockholders...

California Water Service Group Utilities Complete Acquisition of Keauhou Wastewater System in Hawaii, Receive CPUC Approval to Acquire King’s Mountain Water System in California

Written by Customer Service on December 19, 2022. Posted in Mergers And Acquisitions.

SAN JOSE, Calif., Dec. 19, 2022 (GLOBE NEWSWIRE) — Hawaii Water Service (Hawaii Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), has completed the purchase of Keauhou Community Services, Inc.’s (KCSI) wastewater system assets following approval by the Hawaii Public Utilities Commission earlier this fall. Additionally, Group subsidiary California Water Service (Cal Water) received approval from the California Public Utilities Commission (CPUC) to acquire the water system assets of King’s Mountain Park Mutual Water Company (King’s Mountain). Hawaii Water has been providing wastewater utility service to KCSI’s customers through an operation and maintenance contract since 2018. In addition to Kahaluu Beach Park and the Keauhou Bay Facility, KCSI serves about 1,500 residential, hotel, and commercial customer-equivalent...

Blucora Announces Closing of TaxAct Sale

Written by Customer Service on December 19, 2022. Posted in Public Companies.

Company Plans to Return $400 – $450 Million of Capital to Shareholders through a $250 Million Modified Dutch Auction Tender Offer and Additional Share Buyback Authorization of up to $200 Million Announces Reduction in Board Size at 2023 Annual Meeting DALLAS, Dec. 19, 2022 (GLOBE NEWSWIRE) — Blucora, Inc. (“Blucora” or the “Company”) (NASDAQ: BCOR) today announced the completion of its previously announced sale of its tax software business, TaxAct, to an affiliate of Cinven for $720 million in cash, with after-tax net cash proceeds of approximately $620 million. Blucora expects to return $400 – $450 million of capital to shareholders and today announced its plan to repurchase up to $250 million of its shares of common stock through a modified “Dutch Auction” tender offer in the first quarter of 2023. In...

Stitch Fix Adds Kofi Amoo-Gottfried, CMO of DoorDash to Board of Directors

Written by Customer Service on December 19, 2022. Posted in Public Companies.

SAN FRANCISCO, Dec. 19, 2022 (GLOBE NEWSWIRE) — Stitch Fix Inc. (NASDAQ: SFIX), the leading online personal styling service, announced that Kofi Amoo-Gottfried, Chief Marketing Officer of DoorDash, Inc., has joined Stitch Fix’s Board of Directors, effective immediately. Prior to DoorDash, Amoo-Gottfried held various senior positions in brand and marketing at Meta and Bacardi. He also brings more than a decade of advertising experience from Leo Burnett and Wieden + Kennedy with brands such as Kellogg’s, Coca Cola and Nike. “We are pleased to welcome Kofi to our Board of Directors,” said Elizabeth Spaulding, CEO of Stitch Fix. “We are excited for the deep customer, marketing channel and brand expertise that Kofi will provide as we continue to execute on our strategy to evolve Stitch Fix into the global destination for personalized...

Greystone Housing Impact Investors LP Announces Regular Quarterly Distribution and Supplemental Distributions

Written by Customer Service on December 19, 2022. Posted in Dividend Reports And Estimates.

OMAHA, Neb., Dec. 19, 2022 (GLOBE NEWSWIRE) — On December 19, 2022, Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced that the Board of Managers of Greystone AF Manager LLC (“Greystone Manager”) declared a distribution to the Partnership’s Beneficial Unit Certificate (“BUC”) holders of $0.67 per BUC. The distribution consists of a regular quarterly cash distribution of $0.37 per BUC, a supplemental cash distribution of $0.10 per BUC, and a supplemental distribution payable in the form of additional BUCs equal in value to $0.20 per BUC. The supplemental distribution of additional BUCs will be paid at a ratio of 0.0105 BUCs for each issued and outstanding BUC as of the record date, which represents an amount per BUC based on the closing price of the BUCs on the New York Stock Exchange on December 16,...

Titan Machinery Announces Acquisition of Idaho Dealerships

Written by Customer Service on December 19, 2022. Posted in Mergers And Acquisitions.

WEST FARGO, N.D., Dec. 19, 2022 (GLOBE NEWSWIRE) — Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, today announced that it has entered into a definitive purchase agreement to acquire the Idaho dealership assets of Pioneer Farm Equipment Co. (“Pioneer”). The acquisition includes five full-line Case IH agriculture dealerships located in southeastern Idaho, two of which are also Case Construction equipment dealerships. For full calendar year 2021, Pioneer generated revenue of approximately $60 million. The acquisition is expected to close in February 2023. David Meyer, Titan Machinery’s Chairman and Chief Executive Officer, stated, “We are excited to announce our agreement to purchase Pioneer’s Idaho dealership assets. The Pioneer team has been serving customers...

Steelcase Reports Third Quarter Fiscal 2023 Results

Written by Customer Service on December 19, 2022. Posted in Earnings Releases And Operating Results.

Revenue and earnings growth driven by strong beginning backlog and year-over-year pricing benefits Gross margin improved 120 basis points compared to prior year driven by a 280 basis point improvement in the Americas Actions to reduce cost structure expected to produce approximately $30 million of annualized savings Fourth quarter outlook projects earnings growth compared to prior year driven by pricing benefits and includes savings from recent actionsGRAND RAPIDS, Mich., Dec. 19, 2022 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $826.9 million, net income of $11.4 million, or $0.10 per share, and adjusted earnings per share of $0.20. In the prior year, Steelcase reported revenue of $738.2 million and net income of $9.6 million, or $0.08 per share, and had adjusted earnings per share...

AvidXchange Announces Board Changes

Written by Customer Service on December 19, 2022. Posted in Public Companies.

–Board additions to broaden perspectives around product, platform and automation CHARLOTTE, N.C., Dec. 19, 2022 (GLOBE NEWSWIRE) — AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced the appointment of two new Board members: Sonali Sambhus and Asif Ramji. The addition of these two seasoned executives with a broad portfolio of experience across software and payments complexes enhances the Board’s insights around product, platform and automation initiatives. “I am delighted to welcome such high caliber talent as Sonali and Asif join the distinguished AvidXchange Board. As we continue to execute on our product and platform roadmap, we look forward to leveraging their industry knowledge...

Mayfair Gold Closes First Tranche of Non-Brokered Private Placement Financing to Advance Fenn-Gib Gold Project

Written by Customer Service on December 19, 2022. Posted in Public Companies.

VANCOUVER, British Columbia, Dec. 19, 2022 (GLOBE NEWSWIRE) — Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today announced the closing of the first tranche of its previously announced non-brokered private placement financing (the “Offering”) for proceeds of $4,980,000. The funds will be used to further the Company’s successful exploration program at the Fenn-Gib gold project in the Timmins region of Ontario. The Company issued 3,000,000 common shares on a flow-through basis (the “FT Shares”) at a price per FT share of $1.66 for gross proceeds of $4,980,000. The Offering price per FT share represented a premium of 32% over the closing price of Mayfair Gold common shares on the TSX.V on November 28, 2022. All proceeds from the sale of FT Shares will be used for expenditures that qualify as Canadian Exploration...

Year: 2022

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