Day: February 9, 2023

Revenue increases 17% year-over-year, with Services Revenue growing 35% versus Q2 last year MARKHAM, Ontario, Feb. 09, 2023 (GLOBE NEWSWIRE) — Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) (“Sangoma” or the “Company”), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced its second quarter financial results and unaudited consolidated financial statements for the fiscal quarter ended December 31, 2022. Revenue for the second quarter of fiscal 2023 was $62.04 million, an increase from the prior year of 17%.As a reminder, Sangoma completed its acquisition of NetFortris on March 28, 2022.US $m Q2 FY2023 Q2 FY2022 Change Q1 FY2023 ChangeRevenue $62.04 $53.19 17% $64.05 (3%)Gross profit $42.79 $38.35 12% $43.34 (1%)Operating expense $44.26 $39.19 13% $44.41 (0%)Adjusted...

Strong surge in system sales drives second best revenue quarter on recordTotal revenues grew 87% to $10.5 million compared to same quarter last year System sales revenues increased 143% to $8.4 million Sixth consecutive quarter of positive adjusted EBITDA* Net loss decreased to $0.1 million compared to $0.3 million in the third quarter of 2022MONTREAL, Feb. 09, 2023 (GLOBE NEWSWIRE) — D-BOX Technologies Inc. (“D-BOX” or the “Corporation”) (TSX: DBO) a world leader in haptic and immersive experiences, today reported financial results for the third quarter of fiscal 2023 ended December 31, 2022. All dollar amounts are expressed in Canadian currency. “The third quarter was our second-best quarter ever in terms of revenue, building on our strong fiscal 2023 year-to-date performance,” said Sébastien Mailhot, President...

Adjusted EBITDA loss of $69 million and Net Loss of $72 million BURNABY, British Columbia, Feb. 09, 2023 (GLOBE NEWSWIRE) — INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) recorded a Net loss in Q4’22 of $72.2 million, or $1.40 per share compared to Net earnings of $3.5 million, or $0.06 per share in Q3’22 and $69.7 million, or $1.15 per share in Q4’21. Adjusted EBITDA was a loss of $68.7 million on sales of $810.3 million in Q4’22 versus Adjusted EBITDA of $129.5 million on sales of $1.0 billion in Q3’22 and Adjusted EBITDA of $149.5 million on sales of $675.9 million in Q4’21. Notable items in the quarter:Moderating Lumber Demand and Lower PricesLumber demand moderated during the quarter due in part to rising interest rates across North America, contributing to significantly lower lumber prices quarter-over-quarter....

HIGHLIGHTSPre-commissioning activities commenced prior to quarter-end with plan to commence operations in late Q1 or early Q2 of calendar year 2023 Continued track record of zero lost time incidents with over 83,000-man hours recorded in the quarter Commenced workstream exploring options to accelerate the large-scale boron and lithium complex Signed letter of intent with Estes Energetics to collaborate in producing boron-based materials for solid rocket motors Recruitment efforts for CEO well underwayHOUSTON, Feb. 09, 2023 (GLOBE NEWSWIRE) — 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (“5E” or the “Company”), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas (Fort Cady) Complex, today announced its financial results for the quarter ended December 31, 2022. BUSINESS...

VANCOUVER, British Columbia, Feb. 09, 2023 (GLOBE NEWSWIRE) — Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the “Company” or “EMN”) is pleased to announce key developments during the first fiscal quarter and to date. The Company has now filed its December 31, 2022 first fiscal quarter Financial Statements and Management’s Discussion and Analysis. Euro Manganese reports to a fiscal year end of September 30. Key Developments During and Subsequent to the QuarterOfftake Term Sheet announced with Verkor. The non-binding Term Sheet outlines minimum tonnages and a pricing mechanism based on an index-adjusted western benchmark price for high-purity manganese sulphate monohydrate (“HPMSM”) that also correlates to the carbon footprint of Chvaletice HPMSM. Offtake tonnages are...

LONGVIEW, Texas, Feb. 09, 2023 (GLOBE NEWSWIRE) — Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the fiscal third quarter. For the quarter ended December 31, 2022 (the “2022 quarter”), the Company recorded net earnings of $1,375,893 ($0.19 diluted earnings per share) on sales of $111,860,093 compared to a net loss of $2,961,833 ($0.45 diluted loss per share) on net sales of $51,655,943 for the quarter ended December 31, 2021 (the “2021 quarter”). The 2022 quarter saw a significant increase in sales driven by volume growth from approximately 39,000 tons for the 2021 quarter to approximately 113,000 tons for the 2022 quarter. Sales volume increased due primarily to a combination of the East Chicago, Indiana and Granite City, Illinois facilities that were acquired in April 2022...