Day: February 9, 2023

Sangoma Announces Second Quarter Fiscal 2023 Results

Sangoma Announces Second Quarter Fiscal 2023 Results

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 Change Revenue $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...

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D-BOX Technologies’ Third Quarter Results Highlighted by 87% Revenue Increase

D-BOX Technologies’ Third Quarter Results Highlighted by 87% Revenue Increase

Strong surge in system sales drives second best revenue quarter on record Total 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 2022 MONTREAL, 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...

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LMP Automotive Holdings, Inc. Declared a Special Cash Dividend of $4.68 Per Share Payable on February 28, 2023 To All Stockholders of Record as of February 13, 2023

LMP Automotive Holdings, Inc. Declared a Special Cash Dividend of $4.68 Per Share Payable on February 28, 2023 To All Stockholders of Record as of February 13, 2023

FORT LAUDERDALE, Fla., Feb. 09, 2023 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, declared a special cash dividend of $4.68 per share. The dividend is anticipated to be paid on February 28, 2023 to all stockholders of record as of February 13, 2023. In addition, the Company’s subsidiaries entered into definitive agreements to sell its Subaru and Kia dealerships in Beckley, West Virginia. “The Board and the management team all believe that, given the nature of our portfolio, pursuing multiple transactions with different potential buyers for assets or groups of assets presents the best opportunity to maximize stockholder value including proceeds to be distributed to stockholders,” said Sam Tawfik, Chief Executive Officer and...

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Interfor Reports Q4’22 Results

Interfor Reports Q4’22 Results

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 Prices Lumber demand moderated during the quarter due in part to rising interest rates across North America, contributing to significantly lower lumber prices quarter-over-quarter....

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Park Aerospace Corp. Increases Regular Quarterly Cash Dividend and Declares Special Dividend

Park Aerospace Corp. Increases Regular Quarterly Cash Dividend and Declares Special Dividend

NEWTON, Kan., Feb. 09, 2023 (GLOBE NEWSWIRE) — Park Aerospace Corp. (NYSE-PKE) announced that, at its regular meeting on February 9, 2023, its Board of Directors: Approved a 25% increase in the Company’s regular quarterly cash dividend from the current rate of $0.10 per share to a new rate of $0.125 per share; Declared a regular quarterly cash dividend of $0.125 per share payable May 5, 2023 to shareholders of record at the close of business on April 3, 2023; and Declared a special dividend of $1.00 per share payable April 6, 2023 to shareholders of record at the close of business on March 9, 2023. The total amount of this special dividend is expected to be approximately $20.5 million. Park paid its first regular quarterly cash dividend on November 22, 1985 (that first regular cash dividend was a one cent dividend adjusted for...

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5E Advanced Materials Reports Second Quarter 2023 Results

5E Advanced Materials Reports Second Quarter 2023 Results

HIGHLIGHTS Pre-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 underway HOUSTON, 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...

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Fortis Inc. Announces Second Quarter Dividends - 2023

Fortis Inc. Announces Second Quarter Dividends – 2023

ST. JOHN’S, Newfoundland and Labrador, Feb. 09, 2023 (GLOBE NEWSWIRE) — The Board of Directors of Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) has declared the following dividends: $0.3063 per share on the First Preference Shares, Series “F” of the Corporation, payable on June 1, 2023 to the Shareholders of Record at the close of business on May 17, 2023;   $0.2745625 per share on the First Preference Shares, Series “G” of the Corporation, payable on June 1, 2023 to the Shareholders of Record at the close of business on May 17, 2023;   $0.11469 per share on the First Preference Shares, Series “H” of the Corporation, payable on June 1, 2023 to the Shareholders of Record at the close of business on May 17, 2023;   $0.371529 per share on the First Preference...

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Euro Manganese Reports First Fiscal Quarter 2023 Financial Results and Project Developments

Euro Manganese Reports First Fiscal Quarter 2023 Financial Results and Project Developments

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 Quarter Offtake 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...

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Otonomo and Urgently to Combine to Create Leading Mobility Services Company

Otonomo and Urgently to Combine to Create Leading Mobility Services Company

Proposed Merger Would Create an End-to-end Platform for a New Generation of Mobility Services and Experiences for Automotive OEM, Insurance, Transportation, Rental and Fleet Partners and Their Customers HERZLIYA, Israel and SAN FRANCISCO and VIENNA, Va., Feb. 09, 2023 (GLOBE NEWSWIRE) — Otonomo Technologies Ltd. (Nasdaq: OTMO) (“Otonomo”), the platform powering the mobility economy, and Urgent.ly, Inc. (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced that they have entered into a definitive agreement to merge in an all-stock transaction. As a result of the transaction, Urgently expects that its shares of common stock will be listed under the ticker symbol “ULY”. Upon closing of the transaction, which has been approved by each company’s board of directors,...

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Friedman Industries, Incorporated Announces Third Quarter Results and Provides Near-Term Outlook

Friedman Industries, Incorporated Announces Third Quarter Results and Provides Near-Term Outlook

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...

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