Day: March 29, 2023

OTTAWA, March 29, 2023 (GLOBE NEWSWIRE) — Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, today announced its financial results for the three- month and one-year periods ended December 31, 2022. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (“IFRS”) unless otherwise noted. “I am pleased to report that we outperformed our 2022 financial guidance, including the increased and updated guidance we provided when we released our second quarter results in August last year,” commented Dan Goldberg, Telesat’s President and CEO. “Telesat continues to generate strong cash flow, ending the year with $1.7 billion in cash, deliver industry-leading Adjusted EBITDA margins1, and maintain high capacity utilization and a substantial contractual...

Exceeds the projections for 2022 and positive outlook for year 2023 RISHON LE ZION, Israel, March 29, 2023 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC) reported its financial results for the fourth quarter and the year 2022. Fourth Quarter 2022 Financial Highlights:Revenues grew by 25% to $11.3 million from $9.1 million in the fourth quarter of the year 2021; Gross profit margin improved to 22.8% compared to 19.0% in the fourth quarter of the year 2021; Operating profit amounted to $652,000 compared to $58,000 in the fourth quarter of the year 2021; EBITDA amounted to $781,000 compared to $149,000 in the fourth quarter of the year 2021; Financial expenses increased to $115,000 from $2,000 in the fourth quarter of the year 2021; Net income amounted to $531,000...

BEIJING, March 29, 2023 (GLOBE NEWSWIRE) — Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, “We concluded the challenging year of 2022 with pleasing fourth quarter results. During the year, we have reaffirmed our original aspiration for sustainable high-quality growth, continued to build our business led by technology, and resolutely implemented cost reduction and efficiency initiatives. Our initiatives include the proactive scaling-down of delivery services, optimization of underlying resources, adjustment of customer mix and improvement of enterprise...

Announced Positive Results from Part 1 of Ongoing Phase 1b/2a Trial of BX004 for Treatment of Lung Infections in Cystic Fibrosis (“CF”) Patient Enrollment Continues in Part 2 of Phase 1b/2a Trial with Results Expected in Third Quarter of 2023 Cash Runway Through at Least Mid-2024 Company Will Host a Conference Call and Webcast Today at 8:00 am ET  CAMBRIDGE, Mass. and NESS ZIONA, Israel, March 29, 2023 (GLOBE NEWSWIRE) — BiomX Inc. (NYSE American: PHGE) (“BiomX” or the “Company”), a clinical-stage company advancing novel natural and engineered phage therapies that target specific pathogenic bacteria, today reported financial results and provided a business update for the fourth quarter and full year ended December 31, 2022. “2023 is shaping up to be a very exciting year for our company, and the field of phage therapeutics. Based...

– Phenylketonuria (PKU) program on track for Phase 3 trial initiation in first half of 2023 – – Rare Pediatric Disease Designation granted for SYNB1934 for PKU and SYNB1353 for homocystinuria (HCU) – – Platform presentation and two poster presentations at SIMD Annual Meeting – – $77.6 million in cash, cash equivalents and marketable securities support projected runway into second half of 2024 –    CAMBRIDGE, Mass., March 29, 2023 (GLOBE NEWSWIRE) — Synlogic, Inc. (Nasdaq: SYBX), the leading company advancing therapeutics based on synthetic biology, today reported financial results for the fourth quarter and full year ending December 31, 2022 and provided a business update. “Last year was a tremendous year for Synlogic and our Synthetic Biotic platform given our three positive clinical readouts in three different diseases...

THE WOODLANDS, Texas, March 29, 2023 (GLOBE NEWSWIRE) — Conn’s, Inc. (NASDAQ: CONN) (“Conn’s” or the “Company”), a specialty retailer of home goods, including furniture, appliances and consumer electronics, with a mission to elevate home life to home love, today announced its financial results for the quarter and year ended January 31, 2023. “Our fourth quarter performance reflects the actions underway to refocus our efforts on serving our core credit constrained customers as we continue to face the impacts of macroeconomic headwinds and changes in consumer behavior. Providing multiple financing options is our key differentiator and we are pursuing profitable growth strategies aimed at enhancing the payment options we provide the tens of millions of consumers who visit our stores and website each year,” stated Norm Miller Interim...

Total revenue for full year 2023 expected to be $80.0 million – $120.0 million, up from full year 2022 revenue of $37.3 million Adjusted EBITDA for full year 2023 expected to be $(65.0) million – $(55.0) million versus full year 2022 Adjusted EBITDA of $(69.2) million Post-transaction total cash on hand of $230 million, positioning the Company with significant financial flexibility Cash position expected to fully fund the business through the achievement of positive Adjusted EBITDA expected by the end of 2024 CHICAGO, March 29, 2023 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (Nasdaq: LNZA) (“LanzaTech” or the “Company”), the leading Carbon Capture and Transformation (“CCT”) company, today announced its full year financial results for the fiscal year ending December 31, 2022, and provided its current outlook for full year 2023. 2022...

M3+ Delinquency Rate by Vintage M3+ Delinquency Rate by Vintage— Fourth Quarter Total Loan Origination Volume Grew 249.2% to RMB18.9 billion —— Fourth Quarter Net Income Grew 335.7% to RMB533.7 million —— Full Year Revenue Grew 83.7% to RMB3,271.4 million —— Full Year Net Income Grew 152.3% to RMB1,180.2 million — SHANGHAI, China, March 29, 2023 (GLOBE NEWSWIRE) — Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter 2022 Operational and Financial Highlights:Loan origination volume1 was RMB18.9 billion (US$2.7 billion), representing an increase of 249.2% from the same period of 2021.  Average borrowing amount...