Day: February 14, 2023

FRISCO, TX, Feb. 14, 2023 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today reported financial and operating results for the quarter and year ended December 31, 2022. HighlightsGenerated free cash flow from operations of $673 million in 2022, including $129 million in the fourth quarter. Production in the fourth quarter increased 7% from last year to 1,445 MMcfe per day. Oil and gas sales, including realized hedging losses, were $2.3 billion in 2022 and $558 million in the fourth quarter and were 58% and 47% higher than 2021 and 2021’s fourth quarter. Cash flow from operations in 2022 was $1.7 billion or $6.21 per diluted share, including $434 million in the fourth quarter or $1.57 per diluted share. Adjusted EBITDAX in 2022 increased 72% to $1.9 billion...

Q1’23 Revenue Increased 27% to $12.0M, Security Segment Revenues Increased 61% to 7.0M in Q1’23 Gross Margin up 790 basis points to 42% in Q1’23 Management to Host Conference Call Today at 5:00 p.m. Eastern Time Brooklyn, NY, Feb. 14, 2023 (GLOBE NEWSWIRE) — – Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its financial and operational results for the first quarter ended December 31, 2022. Key First Quarter FY 2023 and Subsequent HighlightsRevenue for Q1’23 increased 27% to $12.0 million, compared to revenue of $9.4 million for Q1’22. Gross margin up 790 basis points to 42% in Q1’23 from 34% in the prior year quarter Operating loss for Q1’23 declined 41% to $2.0 million from $3.3 million in Q1’22. Completed divestiture of non-core assets to focus on accelerating...

PITTSBURGH, Feb. 14, 2023 (GLOBE NEWSWIRE) — NeuBase Therapeutics, Inc. (Nasdaq: NBSE) (“NeuBase” or the “Company”), a biotechnology platform company Drugging the Genome™ to address disease at the base level using a new class of precision genetic medicines, today reported its financial results for the three-month period ended December 31, 2022, and other recent developments. “We plan on leveraging our PATrOL™ platform to perform ‘nuclease free’ in vivo gene editing to restore healthy gene function. This technology complements the field of CRISPR/Cas editors, base editors, and prime editors, with the potential to address the majority of disease-causing mutations. We believe the high fidelity and lack of immunogenicity of our editing approach offer the possibility to address tissue turnover by redosing. Throughout calendar...

LOS ANGELES, Feb. 14, 2023 (GLOBE NEWSWIRE) — BlackLine, Inc. (Nasdaq: BL), today announced financial results for the fourth quarter and full year ended December 31, 2022. “BlackLine reported solid financial results this quarter, as we continued to deliver against our goal of driving profitable growth,” said Marc Huffman, CEO of BlackLine. “Further, we recently announced innovative new solutions and expanded programs to support our customers as they continue on their digital transformation journeys. As we look ahead, we remain confident in our long-term strategy, market leadership and competitive positioning.” Fourth Quarter 2022 Financial HighlightsTotal GAAP revenues of $140.0 million, an increase of 21% compared to the fourth quarter of 2021. GAAP net income attributable to BlackLine of $11.3 million,...

JEFFERSONVILLE, N.Y., Feb. 14, 2023 (GLOBE NEWSWIRE) — Jeffersonville Bancorp, Inc. (OTCQB – JFBC) announced today fourth quarter net income of $2,803,000 or $0.66 per share compared to $1,442,000 or $0.34 per share for the same quarter in 2021. The increase in quarterly net income compared to 2021 of $1,361,000 was primarily attributable to an increase in loan interest and fees of $944,000, other interest and dividends of $723,000, and securities income of $671,000, partially offset by a decrease in net gain on sale of securities of $514,000, an increase in tax expense of $415,000, and an increase in non-interest expense of $139,000. Year to date net income as of December 31, 2022 was $9,304,000 or $2.20 per share compared to $5,944,000 or $1.40 per share for the same period in 2021. The increase in year-to-date net income...

Key Q4 and Full Year 2022 HighlightsResults continue to be consistent with expectations despite the economic uncertainty Revenue: Q4 $986M / FY $3,858M Adj. Revenue(1): Q4 $986M / FY $3,851M Pre-tax Income: Q4 $(365)M / FY $(127)M, impacted by a goodwill impairment charge of $358M Adj. EBITDA Margin(1): Q4 9.6% / FY 10.2% New business signings ACV(2): Q4 $194M / FY $732M Net ARR Activity Metric(2) (TTM): Q4 $114MFLORHAM PARK, N. J., Feb. 14, 2023 (GLOBE NEWSWIRE) — Conduent (NASDAQ: CNDT), a global technology-led business process solutions company, today announced its fourth quarter and full year 2022 financial results. Cliff Skelton, Conduent President and Chief Executive Officer stated, “Q4 and 2022 brought with it a mixture of both headwinds and tailwinds such as foreign exchange rates, inflation-induced volume degradation,...

Fourth quarter 2022 GAAP revenues of $27.0 million; Core product and service revenues of $26.8 million, representing 8.3% sequential growth; Full year GAAP revenues of $97.9 million and core product and service revenues of $94.5 million Improved operating discipline and restructuring initiatives contributed to a 16% sequential decrease in operating expenses in the fourth quarter; Product and services margin improved sequentially by 620 basis points on a GAAP basis, 520 basis points on a non-GAAP basis Releasing 2023 guidance of flat to moderate growth in core product and service revenues, inclusive of previously disclosed transitory Genomics headwind; Expect 1,100–1,400 basis point GAAP gross margin expansion in the fourth quarter compared to fourth quarter of 2022 and approximately 20% reduction in operating expenses on a GAAP and non-GAAP...

OKLAHOMA CITY, Feb. 14, 2023 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth-quarter and full year 2022. The company also declared its quarterly dividend. Devon’s earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com. The company’s fourth-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Wednesday, February 15, 2023, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return...

Total revenue increased 22% year-over-year for both the fourth quarter and full yearAnnounced strategic actions to further accelerate path to profitability SAN FRANCISCO, Feb. 14, 2023 (GLOBE NEWSWIRE) — Udemy (Nasdaq: UDMY), a leading destination for learning and teaching online, today reported results for the three- and twelve-month periods ended December 31, 2022. “Udemy ended its first full year as a public company strong, despite a very challenging macro environment,” said Gregg Coccari, Udemy’s Chairman and CEO. “We continue to be encouraged by the strength of our leading growth engine, Udemy Business, which is supported by an accelerating shift from offline to online skills development, and the health of our Consumer marketplace. We are cautiously optimistic about the year ahead as we focus on balancing long-term sustainable...

– Fiscal Q2 Revenue up 12% to 19.3 Million – – iPower Management to Host Conference Call Today at 4:30 p.m. Eastern Time – DUARTE, Calif., Feb. 14, 2023 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq:IPW) (“iPower” or the “Company”), a leading online retailer and supplier of consumer home and garden products, today announced financial results for its fiscal second quarter ended December 31, 2022. Fiscal Q2 2023 Results vs. Year-Ago Quarter (unless otherwise noted) Total revenue increased 12% to $19.3 million. Gross profit increased 5% to $8.0 million, with gross margin of 41.4% compared to 44.1%. Net loss attributable to iPower was $3.3 million or $(0.11) per share, compared to net income of $0.8 million or $0.03 per share. As of December 31, 2022, net debt (total debt less cash) was reduced by 42% to $8.2 million...