Day: February 14, 2023

Forward Reports Fiscal 2023 First Quarter Results

Forward Reports Fiscal 2023 First Quarter Results

HAUPPAUGE, N.Y., Feb. 14, 2023 (GLOBE NEWSWIRE) — Forward Industries, Inc. (NASDAQ:FORD), a global design, manufacturing, sourcing and distribution group, today announced financial results for its first quarter ended December 31, 2022. First Quarter Fiscal Year 2023 Financial Highlights   Revenues were $10.8 million, a decrease of 6.9% from $11.6 million for the first quarter of fiscal year 2022. Gross margin declined to 17.7% compared to 22.5% for the first quarter of fiscal year 2022. Operating loss was $0.5 million compared to operating income of $0.2 million for the first quarter of fiscal year 2022. Net loss was $0.4 million compared to net income of $0.2 million for the first quarter of fiscal year 2022. Basic and diluted (loss)/earnings per share was $(0.04) compared to $0.02 for the first quarter of fiscal year 2022. Cash...

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GXO Logistics Reports Fourth Quarter and Full Year 2022 Results

GXO Logistics Reports Fourth Quarter and Full Year 2022 Results

Highlights Fourth quarter revenue of $2.5 billion, up 9.1% year-over-year; including organic revenue growth1 of 7.5%; net income attributable to GXO of $46 million; adjusted EBITDA1 of $205 million; diluted EPS of $0.39 and adjusted diluted EPS1 of $0.83 Full year revenue of $9.0 billion, up 13.3% year-over-year; including organic revenue growth of 15.4%; net income attributable to GXO of $197 million; adjusted EBITDA1 of $728 million; diluted EPS of $1.67 and adjusted diluted EPS1 of $2.85 Full year cash flow from operating activities of $542 million and free cash flow1 of $240 million; equivalent to over 30% of adjusted EBITDA1 Reaffirming 2023 guidance communicated at Investor Day Business Highlights In the fourth quarter we closed $182 million of new wins; secured $661 million incremental revenue for 2023 through fourth quarter...

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Robex: Q4 2022 Operational Results

Robex: Q4 2022 Operational Results

QUEBEC CITY, Feb. 14, 2023 (GLOBE NEWSWIRE) — Robex Resources Inc. (“Robex “, “the Group” or “the Company“) (TSX-V: RBX) today announced its operating results for the fourth quarter of 2022. Operating results: Quarters endedDecember 31   Twelve-month periodsended December 31     2022   2021   2022   2021   Operating data         Ore mined (tons) 531 742   571 803   2 229 467   2 051 724   Ore processed (tons) 517 486   519 749   2 025 464   1 948 284   Sterile extracted (tons) 2 661 160   1 754 426   8 994 701   10 308 962   Stripping Ratio 5,0   3,1   4,0   4,0   Treated grade (g/t) 0,76   0.80   0,82   0,79   Recovery (%) 87,6 %   91,6%   88,3 %   91,4%   Gold production in ounces 11 252   13 471   46 651   46 552   For the twelve-month period ended December 31, 2022,...

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Rover to Announce Fourth Quarter and Full Year 2022 Financial Results on February 27, 2023

Rover to Announce Fourth Quarter and Full Year 2022 Financial Results on February 27, 2023

SEATTLE, Feb. 14, 2023 (GLOBE NEWSWIRE) — Rover Group, Inc. (Nasdaq: ROVR) (“Rover” or the “Company”), the world’s largest online marketplace for pet care, today announced that it will report fourth quarter and full year 2022 financial results after market close on Monday, February 27, 2023. On the same day, management will host a conference call and webcast to discuss Rover’s financial results, recent developments, and business outlook at 1:30 p.m. PT (4:30 p.m. ET). What: Rover Fourth Quarter and Full Year 2022 Financial Results Conference Call When: Monday, February 27, 2023 Time: 1:30 p.m. PT (4:30 p.m. ET) Live Call: Register Here for Dial-In Number and PIN Live Webcast: https://investors.rover.com/ A copy of the press release with the financial results will be available on Rover’s Investor Relations website at...

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Freshii Obtains Final Order of the Court Approving Arrangement with Foodtastic

Freshii Obtains Final Order of the Court Approving Arrangement with Foodtastic

TORONTO, Feb. 14, 2023 (GLOBE NEWSWIRE) — Freshii Inc. (TSX: FRII) (“Freshii” or the “Company”) today announced that it has obtained a final order from the Ontario Superior Court of Justice (Commercial List) approving the previously announced plan of arrangement under the Business Corporations Act (Ontario), pursuant to which Foodtastic Inc. has agreed to acquire all of the issued and outstanding shares in the capital of Freshii at a price of $2.30 in cash per share (the “Arrangement”). All of the conditions to the completion of the Arrangement have now been satisfied or waived, excluding any conditions that, by their terms, cannot be satisfied or waived until the effective date of the Arrangement. Completion of the Arrangement is expected to occur on or about February 22, 2023. About Freshii Since 2005, Freshii has established...

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Vital Energy Announces Midland Basin Acquisition

Vital Energy Announces Midland Basin Acquisition

Vital Energy Midland Basin Acquisition Pro Forma Acreage Map TULSA, OK, Feb. 14, 2023 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital” or the “Company”) today announced the signing of a definitive purchase and sale agreement to acquire the assets of Driftwood Energy Operating, LLC (“Driftwood”), inclusive of all leasehold interests and hedges, in exchange for 1,578,948 shares of Vital common stock and $127.6 million of cash. The transaction is expected to close early April 2023 with an effective date of January 1, 2023, subject to customary closing conditions. Highlights: Accretive to Free Cash Flow1 and Net Asset Value1 per share and leverage neutral Current production of ~5,400 barrels of oil equivalent (“BOE”) per day (63% oil), ~50% next 12-month decline rate Extends...

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First Quantum Minerals Reports Fourth Quarter and Year-End 2022 Results

First Quantum Minerals Reports Fourth Quarter and Year-End 2022 Results

(In United States dollars, except where noted otherwise) TORONTO, Feb. 14, 2023 (GLOBE NEWSWIRE) — First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) today reports results for the three months ended December 31, 2022 (“Q4 2022”) of net earnings attributable to shareholders of the Company of $117 million ($0.17 earnings per share) and adjusted earnings1 of $151 million ($0.22 adjusted earnings per share2). For the year-ended 2022, the Company reported net earnings attributable to shareholders of the Company of $1,034 million ($1.50 per share) and adjusted earnings1 of $1,064 million ($1.54 per share1). “2022 can be summarized as a challenging year for First Quantum and the mining industry as a whole. The year was characterized by volatile commodity prices and rising costs and interest rates, creating a challenging...

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VPG Reports Fiscal 2022 Fourth Quarter and Twelve Month Results

VPG Reports Fiscal 2022 Fourth Quarter and Twelve Month Results

MALVERN, Pa., Feb. 14, 2023 (GLOBE NEWSWIRE) — Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement technologies, today announced its results for its fiscal 2022 fourth quarter and twelve fiscal months ended December 31, 2022. Fourth Quarter Highlights: Revenues of $96.2 million increased 6.9% from a year ago Gross profit margin was 41.2%, as compared to 38.7% a year ago Adjusted gross profit margin* was 41.5%, as compared to 40.3% a year ago Operating margin was 13.6%, as compared to 9.7% reported a year ago Adjusted operating margin* was 14.0%, as compared to 11.4% reported a year ago Diluted net earnings per share were $0.65, as compared to $0.44 reported a year ago Adjusted diluted net earnings per share* were $0.76, as compared to $0.56 reported a year ago EBITDA* was $15.4 million with an EBITDA margin*...

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National Research Corporation Announces Fourth Quarter and Calendar Year 2022 Results

National Research Corporation Announces Fourth Quarter and Calendar Year 2022 Results

LINCOLN, Neb., Feb. 14, 2023 (GLOBE NEWSWIRE) — National Research Corporation, dba NRC Health, (NASDAQ:NRC) today announced results for the fourth quarter and calendar year 2022. Regarding the Company’s 2022 annual performance, Kevin Karas, Chief Financial Officer, said, “We continued to grow revenue from core offerings, including our Human Understanding Program, resulting in 7% year-over-year revenue growth, partially offset by the phase out of our Canadian operations and other non-core offerings. Adoption of the Human Understanding Program has continued to increase with recent new client additions including St. Bernards Healthcare, Longstreet Clinic, and Legacy Community Health. In addition, we are proud to have recently received the Best in KLAS 2023 Award for Patient Experience Improvement. This recognition affirms our leadership...

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Mullen Automotive Provides Fiscal First Quarter 2023 Business Update

Mullen Automotive Provides Fiscal First Quarter 2023 Business Update

Momentum Building for All Mullen Automotive Brands Mullen-GO (formerly I-GO) Now Available at Newgate Motor Group Newgate Motor Group is authorized distributor of Mullen-GO for Ireland and UK. BREA, Calif., Feb. 14, 2023 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced a financial update for its fiscal first quarter in 2023 ending December 31, 2022. Fiscal First Quarter 2023 and Recent Highlights Include: Mullen completed the purchase of ELMS’ (Electric Last Mile Solutions) assets in an all-cash $105 million purchase in November 2022 on the heels of the successful acquisition of a controlling interest in Bollinger Motors in September 2022. The Company has over $100 million in cash (includes restricted cash available for Company...

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