Day: March 29, 2023

SAINT LAURENT, Quebec, March 29, 2023 (GLOBE NEWSWIRE) — IntelGenx Technologies Corp. (TSX:IGX)(OTCQB:IGXT) (the “Company” or “IntelGenx”) today reported financial results for the three- and twelve-month periods ended December 31, 2022. All dollar amounts are expressed in U.S. currency, unless otherwise indicated, and results are reported in accordance with United States generally accepted accounting principles except where noted otherwise. “The progress we made throughout 2022 has led us to now being potentially on the cusp of a stage of anticipated rapid growth,” commented Dr. Horst G. Zerbe, CEO of IntelGenx. “In April, we expect the FDA’s decisions on the Buprenorphine Buccal Film ANDA, as well as the RIZAFILM® NDA. On the development front, we are also looking forward to atai announcing topline...

– Q4 2022 Net Sales Grew 18% to a Record $15.0 million, Gross Margins Expanded +250bps and Operating Expenses Declined 10% – – Continued Double-Digit Net Sales Growth, Gross Margin Expansion and Operating Expense Reductions to Drive Positive Modified EBITDA and Cash Flow from Operations in 2023 – NORWALK, Conn., March 29, 2023 (GLOBE NEWSWIRE) — Reed’s, Inc. (OTCQX: REED) (“Reed’s” or the “Company”), owner of the nation’s leading portfolio of handcrafted, natural ginger beverages, is reporting financial results for the three and twelve months ended December 31, 2022. Q4 2022 Financial Highlights (vs. Q4 2021):Net sales increased 18% to $15.0 million. Gross profit increased 32% to $3.4 million, with gross margin improving 250 bps to 23%. Delivery and handling costs declined 11% to $3.44 per case. Selling,...

FREMONT, Calif., March 29, 2023 (GLOBE NEWSWIRE) — Actelis Networks, Inc. (NASDAQ: ASNS) (“Actelis” or the “Company”), a market leader in cyber-hardened, rapid deployment networking solutions for wide area IoT applications, today reported financial results for the fiscal full year 2022 ended December 31, 2022. Full Year 2022 Financial Highlights:Total revenue increased 3.3% year-over-year to $8.8 million for the full year ended December 31, 2022. Delivery of Sales to IoT- customers grew 31% year-over-year for the full year ended December 31, 2022, offset by a decline in Telco sales, as the Company’s strategic shift to IoT continues. Gross Margin remains consistent at 47% for the full year ended December 31, 2022, despite pressures from semiconductor and electronic component lead times and purchase price variance. By the end of...

Revenue increased more than six times year-over-year Deliveries in 2022 were up by 525% to 275 units Expects to begin delivering gross margin positive units in the second quarter of 2023 LOS ANGELES, March 29, 2023 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS) (“Xos” or the “Company”), a leading electric truck manufacturer and fleet services provider, today reported financial results for the fourth quarter and year ended December 31, 2022. Full Year Highlights:2022 revenue improved significantly to $36.4 million from $5.0 million for 2021. Deliveries of 275 units in 2022 compared to 44 deliveries in 2021, to leading companies within the parcel delivery, uniform and linen rentals, and food and beverage industries, such as UniFirst, FedEx Ground independent service providers, and Merchants Fleet. Continue to develop and execute on...

NEW YORK, March 29, 2023 (GLOBE NEWSWIRE) — Kubient, Inc. (NasdaqCM: KBNT, KBNTW) (“Kubient” or the “Company”), a cloud-based software platform for digital advertising, today reported financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 and Recent Operational HighlightsReleased KAI 2.0, the latest update to its proprietary ad fraud identification and prevention technology including improvements such as: expanded real-time AI with 25 algorithms running in under 10 milliseconds and built-in efficiencies to significantly expand the number and complexity of algorithms in the future; full support for the much larger scale IPv6 protocol (to add to the existing IPv4 support); enhanced support for new CTV and audio formats; and more. Announced that the United States Patent and Trademark...

CULVER CITY, Calif., March 29, 2023 (GLOBE NEWSWIRE) — Snail, Inc. (Nasdaq: SNAL) (“Snail” or “the Company”), a leading, global independent developer and publisher of interactive digital entertainment, today announced financial results for the three months and year ended December 31, 2022. Jim Tsai, Chief Executive Officer of Snail, commented: “We begin 2023 with continued strong user engagement with our ARK franchise game being installed over 36.3 million times and played for approximately 425 million hours during 2022. We are excited to leverage this continued engagement for our upcoming ARK 2 release. In April, we expect to release a detailed product roadmap so our fans can see all of the exciting content that lies ahead.” Fourth Quarter 2022, Full Year 2022 and Subsequent Business HighlightsARK: Survival Evolved. In the three-month...

Generated record total revenues of $73.7 million for the full year 2022 Completed enrollment in Phase 3 clinical program evaluating DFD-29 for the treatment of papulopustular rosacea; topline data are expected in the first half of 2023 Company to hold conference call on March 29, 2023 at 4:30 p.m. ET SCOTTSDALE, Ariz., March 29, 2023 (GLOBE NEWSWIRE) — Journey Medical Corporation (Nasdaq: DERM) (“Journey Medical”), a commercial-stage pharmaceutical company that focuses on the development and commercialization of pharmaceutical products for the treatment of dermatological conditions, today announced financial results and recent corporate highlights for the fourth quarter and full year ended December 31, 2022. Claude Maraoui, Journey Medical’s Co-Founder, President and Chief Executive Officer, said, “Our first year as a public company...