Day: March 7, 2023

(Dollar amounts are in thousands unless otherwise specified) GUELPH, Ontario, March 07, 2023 (GLOBE NEWSWIRE) — Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type transformers, power quality products and related magnetics, today announced its financial results for the fourth quarter and year-end 2022. HIGHLIGHTSSales of $144 million in the quarter and $558 million for the year. Full year 2022 sales increased by 47% versus 2021 Net Income of $18.2 million in the quarter and $44.8 million for the year. Full year 2022 earnings increased by 195% Earnings per share of $1.55 for the quarter and $3.79 for the year, a year-over-year increase of 194% Order backlog increased 117% versus 2021 Cash generated from operations of $33,498 and ending net operating cash balance of $21,972“We are extremely proud...

Figure 1: Tucumã Project pre-stripping progress Figure 1: Tucumã Project pre-stripping progress (February 2023).Figure 2: Aerial view of future Tucumã Project Figure 2: Aerial view of future Tucumã Project processing areas, including (A) primary crushing, (B) secondaryand tertiary crushing, and (C) plant and administrative buildings.(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, March 07, 2023 (GLOBE NEWSWIRE) — Ero Copper Corp. (TSX: ERO, NYSE: ERO) (“Ero” or the “Company”) is pleased to announce its operating and financial results for the three and twelve months ended December 31, 2022. Management will host a conference call tomorrow, Wednesday, March 8, 2023, at 11:30 a.m. Eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release. HIGHLIGHTSRecord...

HOUSTON, March 07, 2023 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the fourth quarter and full year 2022, including the Company’s year-end 2022 reserve report. Guidance for 2023 was also provided. This press release includes non-GAAP financial measures, including Adjusted Net Income, Adjusted EBITDA, Free Cash Flow, Net Debt, Net Leverage Ratio and PV-10 which are described and reconciled to the most comparable GAAP measures below in the accompanying tables under “Non-GAAP Information.” Key highlights for the fourth quarter and full year 2022 included:Increased full year 2022 production by 5% year-over-year to 40.1 thousand barrels of oil equivalent per day (“MBoe/d”) (49% liquids), or 14.6 million barrels of oil equivalent (“MMBoe”),...

NORTON, Mass., March 07, 2023 (GLOBE NEWSWIRE) — CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $6.1 million and an operating profit of $309 thousand for the quarter ended December 31, 2022. This compares with revenues of $6.2 million and an operating profit of $312 thousand for the quarter ended December 25, 2021. For the year ended December 31, 2022 revenues were $26.6 million with an operating profit of $2.2 million. This compares to revenue of $22.4 million and operating profit of $513 thousand for the year ended December 25, 2021. Michael McCormack, President and CEO, said: “2022 marks another record year for CPS. Our team has exceeded all goals for 2022 and accomplished the highest revenue year in the company’s 39-year history, with a 19% increase over 2021 revenues. More importantly, this marks the...

Pivotal study for AQST-109 (epinephrine sublingual film) on track to start in third quarter 2023 Financial turnaround actions on track including 18% reduction of outstanding debt and the receipt of $20 million of non-dilutive capital in the first quarter of 2023 Continues to engage FDA on next steps for Libervant™ (diazepam) Buccal Film Provides full year 2023 financial outlook Hosts investment community conference call on March 8, 2023WARREN, N.J., March 07, 2023 (GLOBE NEWSWIRE) — Aquestive Therapeutics, Inc. (NASDAQ:AQST), a pharmaceutical company advancing medicines to solve patients’ problems with current standards of care and provide transformative products to improve their lives, today reported financial results for the fourth quarter and full year ended December 31, 2022, and provided a progress update on the...