Pacira BioSciences Reports Preliminary Unaudited Total Revenue for 2022 of $666.8 Million

Written by Customer Service on January 5, 2023. Posted in Public Companies.

EXPAREL average daily sales 104% of the prior year for the fourth quarter and 107% of the prior year for the month of December TAMPA, Fla., Jan. 05, 2023 (GLOBE NEWSWIRE) — Pacira BioSciences, Inc. (Nasdaq: PCRX), the industry leader in its commitment to non-opioid pain management and regenerative health solutions, today reported preliminary unaudited total revenue of $666.8 million for 2022, compared with $541.5 million for 2021, representing an increase of 23.1 percent. The company’s 2022 revenue includes net product sales of EXPAREL® (bupivacaine liposome injectable suspension), ZILRETTA® (triamcinolone acetonide extended-release injectable suspension), and the iovera°® system. Pacira began recognizing sales of ZILRETTA in November 2021 following the completion of its acquisition of Flexion Therapeutics, Inc. “Despite ongoing...

Potbelly Corporation to Participate at Upcoming ICR’s 25th Annual Consumer Conference

Written by Customer Service on January 5, 2023. Posted in Public Companies.

CHICAGO, Jan. 05, 2023 (GLOBE NEWSWIRE) — Potbelly Corporation (NASDAQ: PBPB) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop, today announced that management will participate in ICR’s 25th Annual Consumer Conference on Monday, January 9, 2023. Bob Wright, Chief Executive Officer and Steve Cirulis, Chief Financial Officer, are scheduled to present at 12:00 PM ET and hold one-on-one meetings with investors. Interested parties can access the live presentation as well as a replay on the Investor Relations section of the Company’s website at http://www.potbelly.com under the “Events and Presentations” section. About Potbelly Potbelly Corporation is a neighborhood sandwich concept that has been feeding customers’ smiles with warm, toasty sandwiches, signature salads, hand-dipped shakes and other fresh menu items,...

R&Q and Obra invest in Joint Venture to acquire legacy liabilities of MSA Safety

Written by Customer Service on January 5, 2023. Posted in Mergers And Acquisitions.

NEW YORK, Jan. 05, 2023 (GLOBE NEWSWIRE) — R&Q Insurance Holdings Ltd. (“R&Q”) and Obra Capital, Inc. (“Obra”) today announced that they have acquired, through a newly formed joint venture, a wholly owned subsidiary of global safety equipment manufacturer MSA Safety Incorporated (“MSA Safety”). The acquired subsidiary (the “Company”) holds product liability claims relating to coal dust, asbestos, silica, and other exposures. MSA Safety contributed approximately $341 million in cash to the Company, in addition to related insurance assets, and the joint venture contributed $35 million. As a result of the transaction, R&Q will provide claims and management services and Obra (recently rebranded from Vida Capital) will provide investment management services to the Company. The transaction has enabled MSA Safety to remove...

Global Ship Lease Announces Further Adjourned 2022 Annual Meeting of Shareholders

Written by Customer Service on January 5, 2023. Posted in Public Companies.

The Company to Reconvene the 2022 Annual Meeting on February 2, 2023 for Shareholders to Act on One Outstanding Proposal LONDON, Jan. 05, 2023 (GLOBE NEWSWIRE) — Global Ship Lease, Inc. (NYSE: GSL) (the “Company” or “GSL”) announced that today its 2022 Annual Meeting of Shareholders was reconvened (the “Annual Meeting”) for the sole purpose of voting on one outstanding proposal – to approve the adoption of an amendment to the Company’s Amended and Restated Articles of Incorporation establishing a quorum for all meetings of shareholders of the Company of one-third (1/3) of the shares, present either in person or by proxy, issued and outstanding and entitled to vote at such meetings (“Proposal Three”). The Annual Meeting was further adjourned without taking action on Proposal Three in order to provide additional time for shareholders...

IHT DECLARES 53RD CONSECUTIVE ANNUAL DIVIDEND AS PROFITS CONTINUE TO REMAIN POSITIVE

Written by Customer Service on January 5, 2023. Posted in Public Companies.

Phoenix, AZ, Jan. 05, 2023 (GLOBE NEWSWIRE) — On January 5, 2023, the Board of Trustees of InnSuites Hospitality Trust (NYSE Am: IHT), announced a semi-annual dividend of $0.01 per share payable on February 3, 2023, to shareholders of record as of January 20, 2023, extending an uninterrupted continuous 53-year history of annual dividends. InnSuites Hotel operations continue to remain profitable, while the UniGen diversified efficient clean energy investment continues to progress. For more information, visit www.innsuitestrust.com and www.innsuites.com. Forward-Looking Statements With the exception of historical information, matters discussed in this news release may include “forward-looking statements” within the meaning of the federal securities laws. IHT expressly disclaims any obligation to update any forward-looking statement...

R1 RCM Announces Leadership Appointments; Reaffirms 2022 Guidance and Announces 2023 Outlook

Written by Customer Service on January 5, 2023. Posted in Public Companies.

Jennifer Williams Appointed Chief Financial Officer; Kyle Hicok Appointed Chief Commercial Officer MURRAY, Utah, Jan. 05, 2023 (GLOBE NEWSWIRE) — R1 RCM Inc. (NASDAQ: RCM) (“R1” or the “Company”), a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers, today announced the appointments of Jennifer Williams as Chief Financial Officer and Kyle Hicok as Chief Commercial Officer, effective immediately. Ms. Williams and Mr. Hicok succeed Rachel Wilson and Gary Long, respectively, who will step down from their roles and remain with the Company in advisory roles to ensure a seamless transition. Ms. Williams, who previously served as Chief Financial Officer of Cloudmed, brings more than 20 years of financial planning, accounting, M&A and operational...

American Assets Trust, Inc. Increases Borrowings and Extends Maturity Date in its Amended and Restated Term Loan Agreement

Written by Customer Service on January 5, 2023. Posted in Public Companies.

SAN DIEGO, Jan. 05, 2023 (GLOBE NEWSWIRE) — American Assets Trust, Inc. (NYSE:AAT) (the “Company”) announced today that it has amended and restated its existing term loan agreement. The term loan agreement was amended and restated to, among other things, (1) increase the fully-drawn borrowings from $150 million to $225 million, (2) extend the maturity date from March 1, 2023 to January 5, 2025 (with one, twelve-month extension option) and (3) transition borrowings to the Secured Overnight Financing Rate (SOFR), and away from LIBOR. The $225 million term loan is unsecured. Prior to amending and restating the term loan agreement, the Company entered into interest rate swaps that are intended to fix the interest rate on the $225 million term loan at approximately (1) 5.47% for the first year of the amended and restated term loan and...

Tejon Ranch Co. and Majestic Realty Co. Joint Venture Announce Pre-Lease of Upcoming Industrial Building at the Tejon Ranch Commerce Center (TRCC)

Written by Customer Service on January 5, 2023. Posted in Public Companies.

Major apparel company to relocate and consolidate operations from Los Angeles area TEJON RANCH, Calif., Jan. 05, 2023 (GLOBE NEWSWIRE) — The partnership of Tejon Ranch Co. (NYSE: TRC) and Majestic Realty Co. today announced it has secured—in advance of construction– a full-building lease of the next industrial facility planned for its growing portfolio of industrial properties. The 446,000-square-foot industrial distribution facility will be occupied by Sunrise Brands, a leading designer, producer, distributor, and retailer of both branded and private-label apparel. This newest transaction comes on the heels of the joint venture completing and leasing an adjacent 629,274-square foot distribution center at TRCC to a major retailer. Construction of the new building leased to Sunrise Brands is expected to begin in the first...

Hersha Hospitality Trust to Report Fourth Quarter 2022 Earnings on February 15, 2023

Written by Customer Service on January 5, 2023. Posted in Public Companies.

PHILADELPHIA, Jan. 05, 2023 (GLOBE NEWSWIRE) — Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced that the Company will release its financial results for the fourth quarter 2022 after the market close on Wednesday, February 15, 2023. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, February 16, 2023. Hosting the call will be Mr. Neil H. Shah, President and Chief Executive Officer, and Mr. Ashish Parikh, Chief Financial Officer. A live audio webcast of the conference call will be available on the Company’s website at www.hersha.com. The conference call can be accessed by dialing 1-844-200-6205 or 1-929-526-1599 for international participants and entering the passcode 899170...

Duck Creek Technologies Announces First Quarter Fiscal 2023 Financial Results

Written by Customer Service on January 5, 2023. Posted in Earnings Releases And Operating Results.

First Quarter Fiscal 2023 Subscription revenue increased to $43.8 million, up 23% year-over-year SaaS Annual Recurring Revenue (“SaaS ARR”) increased to $180.6 million, up 24% year-over-year BOSTON, Jan. 05, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies (NASDAQ: DCT), the intelligent SaaS solutions provider defining the future of property and casualty (“P&C”) insurance, today announced its financial results for the first quarter ended November 30, 2022. “Duck Creek started fiscal 2023 strong, highlighted by nine SaaS wins for a variety of core and strategic insurance solutions with new and existing carrier customers of all sizes. We believe customer interest in core systems modernization will continue to be a top investment priority in the P&C industry and is viewed as essential to their success,” said Michael Jackowski,...

Day: January 5, 2023

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