Hammond Power Solutions Reports Fourth Quarter and Year-End 2022 Financial Results

Written by Customer Service on March 7, 2023. Posted in Earnings Releases And Operating Results.

(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. HIGHLIGHTS Sales 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...

Ero Copper Reports Fourth Quarter and Full Year 2022 Operating and Financial Results

Written by Customer Service on March 7, 2023. Posted in Earnings Releases And Operating Results.

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. HIGHLIGHTS Record...

ROHM’s SiC SBDs Chosen by Murata Power Solutions for Data Center PSUs

Written by Customer Service on March 7, 2023. Posted in Public Companies.

Murata Power Solutions Chooses ROHM’s SiC SBDs ROHM’s SCS308AH SiC SBDs feature high surge resistance and short recovery time, enabling high-speed switching. Santa Clara, CA and Kyoto, Japan, March 07, 2023 (GLOBE NEWSWIRE) — ROHM Semiconductor today announced that Murata Power Solutions is using its high performance silicon carbide (SiC) Schottky Barrier Diodes (SBDs) to increase performance and reduce the size of Power Supply Units (PSUs) for data center applications. ROHM’s SCS308AH SiC SBDs feature high surge resistance and short recovery time, enabling high-speed switching. Murata’s D1U front-end AC-DC power supply series includes many active units, such as the D1U54P-W-2000-12-HB3C and D1U54P-W-1200-12-HC4PC, highly-efficient power-factor-corrected front-end power supplies that provide 12V main and 12V/3.3V standby...

MannKind Corporation to Participate in Oppenheimer 33rd Annual Healthcare Conference

Written by Customer Service on March 7, 2023. Posted in Public Companies.

DANBURY, Conn. and WESTLAKE VILLAGE, Calif., March 07, 2023 (GLOBE NEWSWIRE) — MannKind Corporation (Nasdaq: MNKD), a company focused on the development and commercialization of inhaled therapeutic products and devices for patients with endocrine and orphan lung diseases, announced today that its Chief Executive Officer, Michael Castagna, PharmD, will participate in a virtual presentation at the Oppenheimer 33rd Annual Healthcare Conference on Tuesday, March 14, 2023 at 2:00 pm (ET). Interested parties can access a link to the webcast from the News & Events section of the Company’s website at Events & Presentations. The webcast replay will remain available for 14 days following the live presentation. About MannKind MannKind Corporation (Nasdaq: MNKD) focuses on the development and commercialization of innovative therapeutic...

Shoals Technologies Group, Inc. Announces Launch of Secondary Offering of 24,501,650 Shares of Class A Common Stock by Selling Stockholders

Written by Customer Service on March 7, 2023. Posted in Public Companies.

PORTLAND, Tenn., March 07, 2023 (GLOBE NEWSWIRE) — Shoals Technologies Group, Inc. (Nasdaq: SHLS) (the “Company”) today announced the launch of an underwritten public offering of an aggregate of 24,501,650 shares of the Company’s Class A common stock by Solon Holdco I, LLC and Solon Holdco II, LLC, affiliates of Dean Solon (collectively, the “Selling Stockholders”). Additionally, the Selling Stockholders intend to grant the underwriter a 30-day option to purchase up to an additional 3,675,247 shares of Class A common stock. The Company’s Class A common stock is listed on the Nasdaq Global Market under the symbol “SHLS.” The Company will not receive any of the proceeds from the sale of Class A common stock offered by the Selling Stockholders. Morgan Stanley is acting as the sole book-running manager for the offering. The...

W&T Offshore Announces Fourth Quarter and Full Year 2022 Results Including Year-End 2022 Proved Reserves; Provides Guidance for 2023

Written by Customer Service on March 7, 2023. Posted in Earnings Releases And Operating Results.

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”),...

CPS Technologies Corporation Announces Fourth Quarter and Year End 2022 Results

Written by Customer Service on March 7, 2023. Posted in Earnings Releases And Operating Results.

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...

Aquestive Therapeutics Reports Fourth Quarter & Full Year 2022 Financial Results and Provides Business Update on Key 2023 Objectives

Written by Customer Service on March 7, 2023. Posted in Earnings Releases And Operating Results.

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, 2023 WARREN, 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...

NN, Inc. Announces Amendments to Term Loan and Asset Backed Credit Facility

Written by Customer Service on March 7, 2023. Posted in Public Companies.

CHARLOTTE, N.C., March 07, 2023 (GLOBE NEWSWIRE) — NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced an amendment to its $150 million term loan with funds managed by Oaktree Capital Management, L.P. (“Oaktree”). The Company also amended its asset backed credit facility (ABL) with J.P. Morgan. “We are pleased to complete these amendments with Oaktree and J.P. Morgan, which allow us to focus on executing our strategic initiatives driving growth, improved profitability and cash flow while providing flexibility in what remains an uncertain operating environment,” said Warren Veltman, President and Chief Executive Officer of NN. Summary of Amendments: Increases quarterly maximum leverage ratio covenant for the duration of the term loan, which matures in September 2026. Incorporates a new $20 million domestic...

Mega Matrix Corp. Announces Establishment of a Joint Venture With Bit Digital, Inc. to Jointly Provide Digital Assets Staking Services

Written by Customer Service on March 7, 2023. Posted in Public Companies.

PALO ALTO, Calif., March 07, 2023 (GLOBE NEWSWIRE) — Mega Matrix Corp. (“MTMT” or the “Company”) (NYSE American: MPU), today announced that its wholly-owned Singapore subsidiary, Saving Digital Pte. Ltd. (“Saving”) has formed a joint venture with Bit Digital, Inc. (NASDAQ: BTBT) (“Bit Digital”) by entering into a shareholders’ agreement (the “Agreement”) with MarsProtocol Technologies Pte. Ltd., the joint venture company (the “JV Company”), to jointly provide proof-of-stake technology tools for digital assets through the staking platform “MarsProtocol”, an institutional grade non-custodial staking technology (the “Joint Venture”). The JV Company will be domiciled in Singapore. Before offering any services, the JV Company will undertake a regulatory review to ensure that its services are fully compliant with the laws of Singapore...

Day: March 7, 2023

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