Month: February 2023

Sio Gene Therapies Announces Fiscal Third Quarter 2022 Financial Results

Written by Customer Service on February 14, 2023. Posted in Earnings Releases And Operating Results.

– Three-Month and Nine-Month Losses decline by 84.2% and 73.5%, respectively – Operating Cash Outflows for the Nine Months Ended December 31, 2022 decreased by $23.8 million or 56% versus the prior year period – $46.1 million of cash and cash equivalents as of December 31, 2022, a strong cash position as the Company prepares for liquidation and dissolution, subject to stockholder approval NEW YORK, Feb. 14, 2023 (GLOBE NEWSWIRE) — Sio Gene Therapies Inc. (NASDAQ: SIOX) today provided financial results for its fiscal third quarter ended December 31, 2022. “Our financial results continue to show the beneficial effects on operating expenses and cash burn resulting from the termination of the licenses to our three clinical-stage programs, the significant workforce reduction initiated last year April and successful negotiations with...

Acasti Pharma Reports Third Quarter 2023 Operational Results

Written by Customer Service on February 14, 2023. Posted in Earnings Releases And Operating Results.

Company to Host Conference Call Today at 1:00pm ET LAVAL, Québec, Feb. 14, 2023 (GLOBE NEWSWIRE) — Acasti Pharma Inc. (“Acasti” or the “Company”) (Nasdaq: ACST and TSX-V: ACST), a late-stage, specialty pharma company advancing three clinical stage drug candidates addressing rare and orphan diseases, today announced financial and operational results for the third quarter ended December 31, 2022 Recent HighlightsThe Company anticipates receiving clarifying guidance from the Food and Drug Administration (FDA) on its proposed phase 3 study design for GTX-104 through a written Type C meeting in the first calendar quarter of 2023. The Company expects that favorable FDA guidance would allow Acasti to initiate the Phase 3 safety study and begin recruiting clinical sites and enrolling patients. The Company expects the study to take about...

Developing the first ESG handbook for marine minerals

Written by Customer Service on February 14, 2023. Posted in Public Companies.

A broad international consortium has been established to develop the first handbook for Environmental, Social and Governance (ESG) disclosure in relation to marine minerals. The purpose of the guidance document is to enable evidence-based assessments of the ESG performance of marine mineral projects in the context of global standardsPolymetallic nodule A seafloor polymetallic noduleNEW YORK, Feb. 14, 2023 (GLOBE NEWSWIRE) — The IEA estimates a quadrupling of the amount of critical minerals required for the energy transition to meet the sustainable development scenario by 2040. The greater our climate ambition – the greater the demand for minerals will be. The renewable energy system is far more mineral intensive than the current system powered by fossil fuels. While recycling will play an important role, increased recycling...

GlobalFoundries Reports Fourth Quarter and Fiscal Year 2022 Financial Results

Written by Customer Service on February 14, 2023. Posted in Earnings Releases And Operating Results.

Record Revenue, Gross Margin, Adjusted EBITDA, and Net Income MALTA, N.Y., Feb. 14, 2023 (GLOBE NEWSWIRE) — GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2022. Key Fourth Quarter Financial HighlightsRevenue of $2,101 million, up 14% year-over-year. Gross margin of 29.6% and adjusted gross margin of 30.1%. Net income of $668 million. Adjusted EBITDA of $821 million. Cash, cash equivalents and marketable securities of $3,346 million.Key Full Year 2022 Financial HighlightsRevenue of $8,108 million, up 23% year-over-year. Gross margin of 27.6% and adjusted gross margin of 28.4%. Net income margin of 17.8% and adjusted EBITDA margin of 38.1%.“Our revenue in 2022 grew 23% year-over-year, and we delivered record gross margin and net...

Gilat Presents Strong Fourth Quarter and Full Year 2022 Results

Written by Customer Service on February 14, 2023. Posted in Earnings Releases And Operating Results.

Q4 revenue of $73 million, up 8% year over year, GAAP operating income of $6 million and Adjusted EBITDA of $10 million 2022 revenue of $240 million, up 12% year over year, GAAP operating income of $10 million and Adjusted EBITDA of $25 million, up 64% YoY Mr. Isaac Angel, Chairman of the Board, announced his plans to step down. Mr. Ami Boehm named as the new Chairman of the Board PETAH TIKVA, Israel, Feb. 14, 2023 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its unaudited results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Financial HighlightsRevenues of $72.6 million, up 8% compared with $67.0 million in Q4 2021; GAAP operating income of $6.1 million, up 13% compared...

Evolution Credit Limited: Financial Results – Third Quarter FY2023

Written by Customer Service on February 14, 2023. Posted in Public Companies.

Evolution Credit Limited has released its Unaudited Condensed Group Financial Statements and Financial Report for the third quarter of the 2023 financial year on www.evolution.za.com.AttachmentsFinancial Report Q3 – FY2023Unaudited Condensed Group Financial Statements Q3 – FY2023

Garrett Motion Reports Fourth Quarter 2022 Financial Results

Written by Customer Service on February 14, 2023. Posted in Earnings Releases And Operating Results.

Fourth Quarter 2022 HighlightsReported net sales totaled $898 million, up 4% on a GAAP basis, up 15% at constant currency* Net income totaled $112 million; Net income margin 12.5% Adjusted EBITDA* totaled $140 million; Adjusted EBITDA margin* of 15.6% Net cash provided by operating activities totaled $137 million Adjusted free cash flow* totaled $132 millionYTD 2022 HighlightsNet sales totaled $3,603 million, down 1% on a GAAP basis, up 8% at constant currency* Net income totaled $390 million; Net Income Margin 10.8% Adjusted EBITDA* was $570 million; Adjusted EBITDA margin* was 15.8% Net cash provided by operating activities totaled $375 million Adjusted free cash flow* totaled $313 million Delivered outlook for 2022ROLLE, Switzerland, Feb. 14, 2023 (GLOBE NEWSWIRE) — Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading...

Descartes Acquires GroundCloud

Written by Customer Service on February 14, 2023. Posted in Mergers And Acquisitions.

Strengthens Final-Mile Carrier Capabilities and Adds Road Safety Compliance Platform WATERLOO, Ontario, Feb. 14, 2023 (GLOBE NEWSWIRE) — Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired GroundCloud, a cloud-based provider of final-mile carrier solutions and road safety compliance tools. GroundCloud is a leader in final-mile logistics automation, combining operations, safety and compliance in an integrated platform. Final-mile carriers leverage the platform to receive customer delivery orders, plan and execute routes against those orders, train and monitor drivers on safety and performance, manage assets and resources, and analyze the operating efficiency of their business. GroundCloud’s platform also incorporates video telematics...

Form 8.5 (EPT/RI) – Kape Technologies Plc

Written by Customer Service on February 14, 2023. Posted in Mergers And Acquisitions.

FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Name of exempt principal trader: Shore Capital Stockbrokers Ltd(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Kape Technologies Plc(c) Name of the party to the offer with which exempt principal trader is connected: Kape Technologies Plc(d) Date dealing undertaken: 13 February 2023(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? No 2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER (a) Purchases...

Armada Hoffler Reports Fourth Quarter and Full Year 2022 Results

Written by Customer Service on February 14, 2023. Posted in Earnings Releases And Operating Results.

Net Income of $0.13 per Diluted Share for the Fourth Quarter and $0.94 per Diluted Share for the Full Year Normalized FFO of $0.35 per Diluted Share for the Fourth Quarter and $1.22 per Diluted Share for the Full Year, Representing a 13% Year-Over-Year Increase Earns BBB Investment Grade Credit Rating Introduces 2023 Full-Year Normalized FFO Guidance Range of $1.23 to $1.27 per Diluted Share VIRGINIA BEACH, Va., Feb. 14, 2023 (GLOBE NEWSWIRE) — Armada Hoffler Properties, Inc. (NYSE: AHH) today announced its results for the quarter and year ended December 31, 2022 and provided an update on current events. Highlights include:Net income attributable to common stockholders and OP Unit holders of $11.5 million, or $0.13 per diluted share, for the quarter ended December 31, 2022 compared to $0.4 million, or less than $0.01 per diluted...

Month: February 2023

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