Day: March 15, 2023

CORRECTION — ToughBuilt Industries Announces Fourth Quarter and Full Year 2022 Results

Written by Customer Service on March 15, 2023. Posted in Earnings Releases And Operating Results.

Record fourth quarter year revenue of $29.6 million, with 20% year-over-year growth Record full year revenue of $94.9 million with 36% year-over-year growthLAKE FOREST, Calif., March 15, 2023 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by ToughBuilt Industries, Inc. (NASDAQ: TBLT; TBLTW), please note that in the second bullet under the header “Twelve Months Ended December 31, 2022 Financial Highlights” the percentages should be 23% for 2022 followed by 27% for 2021 rather than 27.2% and 23%. The corrected release follows: ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT; TBLTW), today reported financial results for the fourth quarter and full year ended December 31, 2022. Twelve Months Ended December 31, 2022 Financial Highlights:Revenues for the twelve months...

JOYY Reports Fourth Quarter and Full Year 2022 Unaudited Financial Results

Written by Customer Service on March 15, 2023. Posted in Earnings Releases And Operating Results.

SINGAPORE, March 16, 2023 (GLOBE NEWSWIRE) — JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company,” formerly known as YY Inc.), a global video-based social media company, today announced its unaudited financial results for the fourth quarter and full year of 2022. Fourth Quarter 2022 Financial Highlights1Net revenues were US$604.9 million, compared to US$663.7 million in the corresponding period of 2021. Net loss from continuing operations attributable to controlling interest of JOYY2 was US$377.5 million, compared to net income of US$73.2 million in the corresponding period of 2021, primarily due to an impairment loss from an equity method investment recognized in the fourth quarter of 2022. Non-GAAP net income from continuing operations attributable to controlling interest and common shareholders of JOYY3 was US$50.0 million, compared...

Petrus Resources Announces Year End 2022 Financial, Operating & Reserves Results

Written by Customer Service on March 15, 2023. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, March 15, 2023 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and twelve months ended December 31, 2022 and to provide 2022 year end reserves information as evaluated by Insite Petroleum Consultants Ltd. (“Insite”). The Company’s Management’s Discussion and Analysis (“MD&A”) and audited consolidated financial statements are available on SEDAR (the System for Electronic Document Analysis and Retrieval) at www.sedar.com. An updated corporate presentation as well as the monthly activity update can be found on the Company’s website at www.petrusresources.com. Q4 2022 HIGHLIGHTSIncreased production – Total production increased by 55% to 9,113 boe/d in the fourth...

Hesai Group Reports Fourth Quarter and Full Year 2022 Unaudited Financial Results

Written by Customer Service on March 15, 2023. Posted in Earnings Releases And Operating Results.

Quarterly Net revenues were RMB409.2 million (US$59.3 million)1, an increase of 56.6% year-over-yearQuarterly LiDAR shipments were 47,5152 units, an increase of 739.2% year-over-yearFull Year 2022 Net revenues were RMB1,202.7 million (US$174.4 million), an increase of 66.9% year-over-yearFull Year 2022 LiDAR shipments were 80,462 units, an increase of 467.5% year-over-year SHANGHAI, China, March 16, 2023 (GLOBE NEWSWIRE) — Hesai Group (“Hesai,” “Hesai Technology” or the “Company”), (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (LiDAR) solutions, today announced its unaudited financial results for the three months and full year ended December 31, 2022. LiDAR Shipments Q4 2022 FY2022 ADAS LiDAR 43,351 61,918Autonomous Mobility LiDAR 4,164 18,544Total LiDAR 47,515 80,462Q4...

Baltic Horizon Fund publishes its NAV for February 2023

Written by Customer Service on March 15, 2023. Posted in Public Companies.

The net asset value (NAV) of the Baltic Horizon Fund (the Fund) unit at the end of February 2023 amounted to EUR 1.1145 per unit. Compared to the previous month, NAV per unit decreased by 0.28%. The total net asset value of the Fund amounted to EUR 133.3 million over the month. The NAV change was mainly impacted by the recognition of the sale result of Domus Pro transaction. The decrease in NAV was partially offset by the positive movement in the cash flow hedge reserve. The EPRA NRV as of 28 February 2023 was EUR 1.1819 per unit, corresponding to a decrease of 0.73% over the last month. Unaudited consolidated net rental income for February 2023 amounted to EUR 1.4 million (EUR 1.4 million in January 2023). The net rental income has increased by 2.8% compared to January 2023. The Fund recognized an unaudited consolidated net loss of EUR...

Baltic Horizon Fund publishes its NAV for February 2023

Written by Customer Service on March 15, 2023. Posted in Public Companies.

Lowell Farms Announces Proposed Debt Settlement, Asset Sale, and Financing

Written by Customer Service on March 15, 2023. Posted in Public Companies.

SALINAS, Calif., March 15, 2023 (GLOBE NEWSWIRE) — Lowell Farms Inc. (“Lowell Farms” or the “Company”) (CSE:LOWL; OTCQX:LOWLF), a leading, vertically integrated, California-based cannabis company, announces that it has entered into a binding letter of intent (“LOI”) with the Company’s existing noteholders. The Company has agreed to sell its “Lowell Smokes” and “35s” brands and associated intellectual property to Lowell Brands LLC, a newly formed Delaware limited liability company (“BrandCo”) and to assign the related license agreements and material contracts. In return, the noteholders have agreed to forgive all indebtedness owing under the Debentures (as defined herein) (the “Transaction”). BackgroundAs disclosed on January 12, 2023, the Company formed a special committee of independent directors (the “Special Committee”), composed...

NNIT A/S: Disclosure of corrective information to NNIT’s annual report for 2021, including comparative numbers for 2020

Written by Customer Service on March 15, 2023. Posted in Public Companies.

With reference to company announcement 2/2023, stating the Danish Business Authority’s final decision on NNIT’s accounting treatment of an earn out payment related to the acquisition of Excellis Health Solutions, NNIT hereby publishes supplemental/corrective information to the annual report for 2021, including comparative numbers for 2020. The technical changes to historical accounting policies have no impact on total cash flow or the planned divestment of NNIT’s Infrastructure Operations Business. As previously stated, NNIT A/S disagrees with the decision and considers it to be of principled nature for strategic acquisitions in the Danish IT service industry. NNIT has strong arguments as to why this is an erroneous decision, and an appeal of the decision has been lodged to the Danish Commerce and Companies Appeals Board. The average processing...

New York Mortgage Trust Announces Upsize of Common Stock Repurchase Program and Adoption of Preferred Stock Repurchase Program

Written by Customer Service on March 15, 2023. Posted in Public Companies.

NEW YORK, March 15, 2023 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT” or the “Company”) today announced that its Board of Directors (the “Board”) authorized the upsize of its previously announced common stock repurchase program such that common stock having an aggregate value of $200 million remains available for repurchase after giving effect to the upsize. As of March 14, 2023, the Company had repurchased approximately $46 million of the $200 million of common stock originally authorized for repurchase under the common stock repurchase program. The upsize announced today brings the total size of the common stock repurchase program to $246 million. All other terms of the Company’s common stock repurchase program remain unchanged. In addition, the Board authorized a preferred stock repurchase program...

Superior Energy Services Announces Fourth Quarter 2022 Results and Conference Call

Written by Customer Service on March 15, 2023. Posted in Earnings Releases And Operating Results.

HOUSTON, March 15, 2023 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) filed its Form 10-K for the period ending December 31, 2022 on March 15, 2023. In accordance with the Company’s Shareholders Agreement, it will host a conference call with shareholders on Tuesday, March 21, 2023. For the fourth quarter of 2022, the Company reported net income from continuing operations of $175.0 million, or $8.69 per diluted share, and revenue of $239.1 million. This compares to net income from continuing operations of $48.5 million, or $2.41 per diluted share, and revenue of $222.3 million, for the third quarter of 2022. Net income from continuing operations for the fourth quarter includes a tax benefit of $110.5 million primarily driven from the recognition of a worthless stock deduction in the U.S. related to deductible...

Day: March 15, 2023

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