Day: March 8, 2023

Melcor REIT announces Q4 and 2022 annual results

Melcor REIT announces Q4 and 2022 annual results

EDMONTON, Alberta, March 08, 2023 (GLOBE NEWSWIRE) — Melcor REIT (TSX: MR.UN) today announced results for the fourth quarter and year ended December 31, 2022. Annual rental revenue was steady at $74.11 million. Annual adjusted cash flow from operations (ACFO1) was down 13% to $17.87 million or $0.61 per unit as a result of higher spend on tenant incentives and direct leasing costs, as well as higher distributions on Class B LP units. ACFO better reflects our cash position and therefore our ability to pay distributions by excluding accretion expense, which is a non-cash item1. Andrew Melton, CEO of Melcor REIT commented: “The macro economic environment of 2022 was one of geopolitical conflict, rapidly rising interest rates and post-pandemic normalization. Despite this, and everything that has been thrown our way over the past...

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Parex Resources Announces Record 2022 Full-Year Results

Parex Resources Announces Record 2022 Full-Year Results

CALGARY, Alberta, March 08, 2023 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three- and twelve-month periods ended December 31, 2022. All amounts herein are in United States dollars (“USD”) unless otherwise stated. “Reflecting on my second year at Parex, I am extremely proud of our team’s ability to deliver another year of record results. In 2022, we hit new corporate milestones, generating record cash flow, repurchasing 10% of the public float for the fourth consecutive year while materially increasing the regular dividend, and growing production per share by 23% year-over-year,” commented Imad Mohsen, President & Chief Executive Officer. “We have positioned the Company to deliver a step-change in capital...

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NI Holdings, Inc. Reports Results for Fourth Quarter and Year Ended December 31, 2022

NI Holdings, Inc. Reports Results for Fourth Quarter and Year Ended December 31, 2022

FARGO, N.D., March 08, 2023 (GLOBE NEWSWIRE) — NI Holdings, Inc. (NASDAQ: NODK) announced today results for the year ended December 31, 2022. Summary of Year-End 2022 Results(All comparisons vs. year-end 2021, unless noted otherwise) Direct written premiums of $88.1 million, up 16.9% compared to prior year quarter and full year direct written premiums of $389.7 million, up 13.9% compared to prior year Direct written premium growth across all segments compared to prior year, led by Non-Standard Auto up 26.8%, Crop up 22.2% and Commercial up 15.3% Net earned premiums of $84.7 million, up 8.6% compared to prior year quarter and full year net earned premiums of $328.3 million up 9.6% compared to prior year Combined Ratio of 119.9% for full year 2022 versus 104.3% for prior year, driven by elevated loss costs as a result of higher...

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Nova Leap Health Corp. Posts Fourth Quarter and 2022 Annual Financial Results

Nova Leap Health Corp. Posts Fourth Quarter and 2022 Annual Financial Results

Revenue in USD Revenue in USD Adjusted EBITDA & Operating Loss in USD Adjusted EBITDA & Operating Loss NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES HALIFAX, Nova Scotia, March 08, 2023 (GLOBE NEWSWIRE) — NOVA LEAP HEALTH CORP. (TSXV: NLH) (“Nova Leap” or “the Company”), a growing home health care organization, is pleased to announce the release of financial results for the year ended December 31, 2022. All amounts are in United States dollars unless otherwise specified. Nova Leap Fourth Quarter and Year End Financial Results Financial results for the three and twelve months ended December 31, 2022 include the following: 2022 annual revenues of $28.205 million were the highest in the Company’s history and represents a 32.5% increase from 2021 revenues of $21.279 million; Q4...

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Faraday Future Reports Financial Results for Fiscal Fourth Quarter and Full Year 2022

Faraday Future Reports Financial Results for Fiscal Fourth Quarter and Full Year 2022

Announced the start of production (“SOP”) for the FF 91 Futurist at the “FF ieFactory California” on track for the end of March 2023, subject to the timely receipt of the previously announced and committed $135.0 million. The new financing commitments also provide for delivery by the end of April 2023 contingent on timely receipt of funds and suppliers meeting supply chain requirements. $111.6 million of funds have been received towards SOP funding target since December 2022, with an incremental $38.4 to $58.4 million to be received. Formed non-binding strategic partnership with the City of Huanggang in Hubei Province, China to relocate FF’s Future China headquarters. Announced Product and Technology Generation 2.0 Program featuring 26 major new system and component upgrades. Company to host final launch event of the FF 91 Futurist on...

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Lumine Group Completes the Purchase of Titanium Software

Lumine Group Completes the Purchase of Titanium Software

TORONTO, March 08, 2023 (GLOBE NEWSWIRE) — Lumine Group (“Lumine Group”) today announced the successful completion of the purchase of Titanium Software Holdings Inc (“Titanium”). The acquisition was originally announced February 17, 2023. About TitaniumTitanium Software’s products have served the global telecom and government industries for over 20 years, counting the world’s top 10 largest telecom providers as part of its family of valued customers. Becoming an industry disrupter early in its formative years — due to its unique transformative platform — Titanium’s solutions have been in high demand ever since and can be found in over 85 countries across the globe. Looking ahead toward the next evolution of technology and communications requirements, Titanium is strategically poised to continue being among the leading providers...

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NewLake Capital Partners Reports Fourth Quarter and Full-Year 2022 Financial Results; Declares First Quarter 2023 Common Stock Dividend of $0.39 per Share

NewLake Capital Partners Reports Fourth Quarter and Full-Year 2022 Financial Results; Declares First Quarter 2023 Common Stock Dividend of $0.39 per Share

Fourth Quarter 2022 Revenue Totaled $12.2 Million, an increase of 35.7% Year-Over-Year Full Year 2022 Revenue Totaled $44.8 Million, an increase of 59.6% Year-Over-Year Fourth Quarter 2022 Net Income Attributable to Common Stockholders totaled $6.7 Million, Funds From Operations totaled $10.5 Million, and Adjusted Funds From Operations totaled $10.9 MillionFull Year 2022 Net Income Attributable to Common Stockholders totaled $22.0 Million, Funds From Operations totaled $35.2 Million, and Adjusted Funds From Operations totaled $38.7 Million Conference Call and Webcast Scheduled for March 9, 2023 at 10 a.m. Eastern Time NEW CANAAN, Conn., March 08, 2023 (GLOBE NEWSWIRE) — NewLake Capital Partners, Inc. (OCTQX: NLCP) (the “Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today...

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Advanced Emissions Solutions Reports Fourth Quarter and Full Year 2022 Results

Advanced Emissions Solutions Reports Fourth Quarter and Full Year 2022 Results

Full year consumables revenue increased 20% driven by increased volumes and pricing initiatives Company expects 2023 revenue of approximately $106 million GREENWOOD VILLAGE, Colo., March 08, 2023 (GLOBE NEWSWIRE) — Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the “Company” or “ADES”), a leader in environmental solutions for power generation, industrial and municipal water purification markets, today filed its Annual Report on Form 10-K and reported financial results for the quarter and year December 31, 2022. Fourth Quarter Highlights Fourth quarter consumables revenue was $23.4 million compared to $23.2 million in the prior year. Full year consumables revenue increased 20% to $103.0 million. Fourth quarter net loss was $3.2 million compared to net income of $5.8 million in the prior year, which reflects...

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Quoin Pharmaceuticals Provides Corporate Update and Announces Fourth Quarter and Full Year 2022 Financial Results

Quoin Pharmaceuticals Provides Corporate Update and Announces Fourth Quarter and Full Year 2022 Financial Results

Quoin announced dosing of first patient in double blinded clinical study to evaluate QRX003 for Netherton Syndrome Quoin announced initiation of a second clinical trial to evaluate QRX003 in Netherton Syndrome patients currently receiving off-label systemic therapy Continued advancement of pipeline products with Queensland University of Technology towards potential initiation of clinical testing in 2H 2023 Company working with its global distribution partnership network to determine requirements for Early Access Programs participation for QRX003 Subsequent to quarter end, Quoin completed a public offering, with aggregate net proceeds of approximately $6 million, further extending its cash runway into 2H 2024 ASHBURN, Va., March 08, 2023 (GLOBE NEWSWIRE) — Quoin Pharmaceuticals Ltd. (NASDAQ: QNRX) (the “Company” or “Quoin”),...

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Earthstone Energy, Inc. Reports 2022 Fourth Quarter and Full Year Results

Earthstone Energy, Inc. Reports 2022 Fourth Quarter and Full Year Results

THE WOODLANDS, Texas, March 08, 2023 (GLOBE NEWSWIRE) — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “we” or “us”), today announced financial and operating results for the quarter and year ended December 31, 2022. Fourth Quarter 2022 Highlights Repurchased 3 million shares of Class A Common Stock for $43.7 million Net income(1) of $185.2 million and Adjusted net income(2) of $147.2 million Adjusted EBITDAX(2) of $338.0 million, up 296% compared to Q4 2021 Net cash provided by operating activities of $315.7 million Free Cash Flow(2) of $134.5 million, up 372% compared to Q4 2021 Reduced debt under our revolving credit facility by $121.6 million Average daily production of 104,766 Boepd(3), up 246% compared to Q4 2021 Capital expenditures of $181.9 million Full Year 2022 Highlights Closed the Titus, Bighorn...

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