Day: January 17, 2023

Goodfood Reports First Quarter Gross Margin of 35.6% and Reaffirms Expectation of Positive Adjusted EBITDA1 Next Quarter Following an 85% Year-over-Year Improvement this Quarter

Written by Customer Service on January 17, 2023. Posted in Earnings Releases And Operating Results.

Net sales of $47 million for the quarter, a 39% decrease compared to the same quarter last year Record quarterly gross margin of 35.6%, an improvement of 11.6% compared to the same period last year, with Adjusted gross margin1 coming in at 36.9%, when excluding inventory write-offs related to discontinuing Goodfood On-Demand Net loss for the quarter was $12 million, including $2 million of non-recurring charges, an improvement of $10 million compared to $22 million in the same period in 2022 Adjusted EBITDA1 loss of $2 million for the quarter, an 85% improvement compared to a loss of $15 million in the same quarter of the prior year Cash used in Operating activities for the quarter was $6 million, including $2 million cash impact of reorganization and related costs, versus cash used of $19 million for the same period last year Reaffirming...

Park Hotels & Resorts Inc. Announces Tax Treatment of 2022 Dividends

Written by Customer Service on January 17, 2023. Posted in Dividend Reports And Estimates.

TYSONS, Va., Jan. 17, 2023 (GLOBE NEWSWIRE) — Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) (“Park” or the “Company”) announced today the tax reporting information for its 2022 cash distributions on its common stock. The distributions, totaling $0.28 per share, were paid as follows: $0.01 on April 15, 2022; $0.01 on July 15, 2022; $0.01 on October 17, 2022; and $0.25 on January 17, 2023. For income tax purposes, the dividends for 2022, totaling $0.28 per share, are classified as $0.28 (100%) Total capital gain distribution. The following table summarizes the income tax treatment of the Company’s 2022 dividends: 2022 Dividend Tax Reporting Information (Form 1099-DIV) Park Hotels & Resorts Inc. Common Stock: PK CUSIP: 700517 105Record Date Payable Date Dividend per Share Total ordinary dividends (box 1a) Total...

Nocopi Technologies Appoints Jackie Goldman to the Board of Directors

Written by Customer Service on January 17, 2023. Posted in Public Companies.

Replaces the Retired Philip B. White KING OF PRUSSIA, Pa., Jan. 17, 2023 (GLOBE NEWSWIRE) — Nocopi Technologies, Inc. (OTC Pink: “NNUP”), a developer of specialty reactive inks, today announced that Jackie Goldman has been appointed to the company’s Board of Directors to replace Philip B. White, who resigned from the Board of Directors on January 11, 2023. Ms. Goldman currently serves as the CEO and President of Puzzles Plus, Inc., which she founded over 33 years ago. Puzzles Plus, headquartered in Jacksonville, FL, designs and manufactures custom puzzles for museums, corporations, children’s products catalogs, resorts, national parks, and non-profit organizations. Puzzle Plus’s custom designed puzzles have garnered national attention from newspapers, magazines and television, with a wide range of customers including the White...

MAG Silver Discovers “Carissa” Zone at Deer Trail

Written by Customer Service on January 17, 2023. Posted in Public Companies.

DT22-09: 273.8 m of progressively zoned alteration with multiple sulphide intervals grading 59-266 g/t Silver, 0.2-5.5% Copper, 0.1-14.8% Lead plus ZincFigure 1 Figure 1Figure 2 Figure 2: A) Unaltered Redwall Limestone. B) Pervasively dolomitized and marbled Redwall. C) and D) Sulfide lacing within Redwall Limestone. E) Mineralized Gamet-Pyroxene Skarn. F) Mineralized Magnetite SkarnVANCOUVER, British Columbia, Jan. 17, 2023 (GLOBE NEWSWIRE) — MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports results from six completed holes (10,972 m total) in surface-based Phase 2 drilling on its Deer Trail Carbonate Replacement Deposit (“CRD”) Project in central Utah, USA (Figure 1, Tables 1 & 2). The highlight is the discovery of the “Carissa” zone found in aggressive step-outs drilled 1 km to the southwest...

Comstock Presenting at the 2023 Vancouver Resource Investment Conference

Written by Customer Service on January 17, 2023. Posted in Public Companies.

Figure 1 Comstock Presenting at the 2023 Vancouver Resource Investment ConferenceVIRGINIA CITY, Nev., Jan. 17, 2023 (GLOBE NEWSWIRE) — Comstock Inc. (NYSE: LODE) (“Comstock” or the “Company”) is pleased to announce that Mr. Corrado De Gasperis, Executive Chairman and CEO, and Mr. Michael Norred, Director of Strategic Resource Planning and Development, will attend and present at the 2023 Vancouver Resource Investment Conference (VRIC). The VRIC is the world’s largest resource investment conference dedicated to resource exploration and development. The VRIC is January 29 & 30, 2023 at the Vancouver Convention Centre West, in Vancouver, Canada. Mr. De Gasperis will provide a company update during the live presentation, including the recently completed consolidation of its properties in the historic Comstock and Silver City...

Coda Octopus Group Sets Fiscal Year 2022 Earnings Conference Call for Monday, January 30, 2023 at 10 a.m. Eastern Time

Written by Customer Service on January 17, 2023. Posted in Public Companies.

Orlando, FL, Jan. 17, 2023 (GLOBE NEWSWIRE) — Coda Octopus Group, Inc. (“CODA” or the “Company”) (NASDAQ: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence, will host a conference call on Monday, January 30, 2023 at 10:00 a.m. Eastern Time to discuss its results for the fiscal year ended October 31, 2022. A press release detailing these results will be issued before the open of trading on the same day. CODA management will provide prepared remarks, followed by a question-and-answer period. Date: Monday, January 30, 2023Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)U.S. dial-in number: 1-877-451-6152International number: 1-201-389-0879Conference ID: 13735530 The conference call will broadcast live and be available for replay here. Persons interested in attending...

Coherent Introduces the Industry’s First Commercially Available 50 W Pump Laser Diodes for Fiber Lasers

Written by Customer Service on January 17, 2023. Posted in Public Companies.

PITTSBURGH, Jan. 17, 2023 (GLOBE NEWSWIRE) — Coherent Corp. (Nasdaq: COHR), a leader in high-power semiconductor lasers, today announced the introduction of its next-generation pump laser diodes that achieve an industry-record high output power of 50 W from a single chip. The deployment of fiber lasers for materials processing applications such as cutting, welding, marking, and additive manufacturing is accelerating, driving the demand for key components that lower the cost per watt of output power. The new laser diodes from Coherent achieve 50 W of output power, 40% more than that of the existing product, enabling high-power industrial fiber laser designs with fewer pump laser diodes. “We believe that this is the first commercially available pump laser diode in the industry to achieve 50 W of output power,” said Dr. Karlheinz...

Kraken Provides Update on Subsea Laser Scanner Service Activities

Written by Customer Service on January 17, 2023. Posted in Public Companies.

Figure 1 3D Volumetric Measurement of AnodeFigure 2 3D Model of Mooring Chain ConnectionFigure 3 3D Volumetric Corrosion Assessment (left) and Ultra-High Dynamic Range Model (right) of Mooring Chain SegmentsST. JOHN’S, Newfoundland, Jan. 17, 2023 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), is pleased to provide an update on its SeaVision® 3D underwater laser scanning technology and related service activities. Kraken’s SeaVision inspection technology is primarily used in assisting the offshore energy sector to acquire higher quality subsea asset integrity information, more quickly at a lower cost than competing solutions. This enables offshore energy operators to make timely, informed decisions regarding asset integrity. Specific examples include providing critical measurements to help clients avoid...

D-BOX signs licensing agreement to commercialize a Mercedes-Benz and Mercedes-AMG multipurpose motion platform

Written by Customer Service on January 17, 2023. Posted in Public Companies.

D-BOX partnership with Mercedes-Benz and Mercedes-AMG opens up collaboration for diverse entertainment experiences NUREMBERG, Germany and MONTREAL, Jan. 17, 2023 (GLOBE NEWSWIRE) — D-BOX Technologies Inc. (“D-BOX” or the “Corporation”) (TSX: DBO), a world leader in haptic and immersive entertainment, and Mercedes-Benz and Mercedes-AMG (“Mercedes-Benz”) are pleased to announce that D-BOX has obtained licensing rights to develop and commercialize a multipurpose motion platform targeting consumers and car dealerships. This agreement opens up a wide range of product development opportunities for D-BOX, in leveraging iconic brands such as Mercedes-Benz and Mercedes-AMG. The first product commercialized is a modular motion platform, which is expected to be available for purchase sometime in February 2023. This innovative,...

Israel Acquisitions Corp. Announces Exercise of Full Overallotment Option from Initial Public Offering

Written by Customer Service on January 17, 2023. Posted in Public Companies.

BEE CAVE, Texas, Jan. 17, 2023 (GLOBE NEWSWIRE) — Israel Acquisitions Corp. (the “Company”) announced today the exercise of the over-allotment option granted to the underwriters in the Company’s initial public offering which upon closing, will result in $146,625,000 ($10.20 per share) being deposited into a U.S.-based trust account for the benefit of holders of the Class A ordinary shares. The Company’s units were listed on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “ISRLU” on January 13, 2023. Each unit consists of one Class A ordinary share and one warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin...

Day: January 17, 2023

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