SeaStar Medical Reports 2022 Financial Results and Provides a Business Update

Written by Customer Service on March 30, 2023. Posted in Public Companies.

DENVER, March 30, 2023 (GLOBE NEWSWIRE) — SeaStar Medical Holding Corporation (Nasdaq: ICU) (“SeaStar Medical” or the “Company”), a medical device company developing proprietary solutions to reduce the consequences of hyperinflammation on vital organs, provides a business update and reports financial results for the year ended December 31, 2022. “We are focusing on executing near-term milestones that will advance our business,” said Eric Schlorff, SeaStar Medical CEO. “Our immediate efforts are aimed at raising awareness with the medical community of our cell-directed extracorporeal therapy’s potential for playing a life-saving role for critically ill patients, working with regulators to bring products to market, and ensuring we have the systems and processes in place to serve market needs.” BUSINESS UPDATE SeaStar Medical provides...

Medallion Resources Completes Strategic Review

Written by Customer Service on March 30, 2023. Posted in Public Companies.

Confirms Vision to Power the Energy Transition Through Innovation in Critical Minerals VANCOUVER, British Columbia, March 30, 2023 (GLOBE NEWSWIRE) — Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), is pleased to announce completion of an internal strategic review of the Company’s technologies, commercial opportunities, and challenges conducted by the Company’s leadership team appointed in late 2022. Medallion’s vision is to power the energy transition through innovation in critical minerals by becoming an owner-operator of critical mineral processing facilities in partnership with upstream feedstock and downstream offtake partners. The first step towards delivering that vision is to establish a commercially-oriented magnetic rare earth evaluation facility deploying patented...

Sonoco Completes Sale of 55,000 Acres of Timberland to Manulife Investment Management

Written by Customer Service on March 30, 2023. Posted in Public Companies.

HARTSVILLE, S.C., March 30, 2023 (GLOBE NEWSWIRE) — Sonoco Products Company (NYSE: SON), a diversified global packaging company recognized for its leadership in sustainability, today announced it has sold approximately 55,000 acres of timberlands in South Carolina for $72 million in cash to Manulife Investment Management (Manulife IM) on behalf of its clients. Manulife IM is a timberland and agricultural investment manager which sustainably manages approximately 6 million acres around the globe. Sonoco Chief Executive Officer Howard Coker said, “Today, Sonoco produces paper exclusively from recycled fibers and no longer requires natural tree fiber for production. Through this sale, we are pleased to have the opportunity to maximize value for our shareholders while also ensuring that the property goes to a buyer that puts sustainable...

NOVONIX Enters into Joint Venture Agreement with TAQAT Development Company to Produce Battery Materials in the MENA Region

Written by Customer Service on March 30, 2023. Posted in Public Companies.

Key Deal Terms: NOVONIX Limited (“NOVONIX”) and TAQAT Development Company (“TAQAT”) have agreed to form an incorporated Joint Venture (JV) in the Kingdom of Saudi Arabia to produce high-performance graphite anode for use in electric vehicle (“EV”) and energy storage system (“ESS”) applications. It is intended that the JV will undertake engineering for the facility in its first year with the target to begin facility construction in 2024. NOVONIX will contribute access on a royalty-free basis to its proprietary intellectual property to the JV for the production and sales of high-performance graphite anode in the Middle East and North Africa (“MENA”) region. TAQAT will hold a 60 percent equity stake in the JV vehicle and NOVONIX will hold a 40 percent stake with each party contributing their share of operating and capital costs for engineering...

Molecular Templates, Inc. Reports Fourth Quarter 2022 Financial Results and Business Update

Written by Customer Service on March 30, 2023. Posted in Earnings Releases And Operating Results.

Announces strategic reprioritization to focus on clinical development of MT-6402, MT-8421, and MT-0169, and preclinical activities related to BMS collaboration, and related workforce reduction AUSTIN, Texas, March 30, 2023 (GLOBE NEWSWIRE) — Molecular Templates, Inc. (Nasdaq: MTEM, “Molecular Templates,” or “MTEM”), a clinical-stage biopharmaceutical company focused on the discovery and development of proprietary targeted biologic therapeutics, engineered toxin bodies (“ETBs”), to create novel therapies with potent differentiated mechanisms of action for cancer, today reported financial results for the fourth quarter and full year ended December 31, 2022. MTEM also announced a strategic reprioritization and corresponding reduction in workforce, in order to focus on its core clinical development programs and extend its financial...

Koil Energy Solutions, Inc. Announces Fourth Quarter and Full-Year 2022 Results

Written by Customer Service on March 30, 2023. Posted in Earnings Releases And Operating Results.

HOUSTON, March 30, 2023 (GLOBE NEWSWIRE) — Koil Energy Solutions, Inc. (OTCQB: KLNG) (“Koil Energy” or the “Company”), a specialist in deepwater production and distribution equipment and services, today reported results for the year ended December 31, 2022. Koil Energy at a Glance: Share Price†: $0.55 Cash*: $2.4M 52-Week Range†: $0.42 – $0.80 Book Value*: $7.1M Shares Out.†: 11.9M Price / Book Value: 0.9x Market Cap†: $6.6M TTM Revenue: $13.0M *As of 12/31/22; †As of 03/29/23 Charles Njuguna, Koil Energy’s CEO, commented, “Koil Energy’s top-line results for 2022 are indicative of the challenging offshore environment we experienced last year. Inflation, certain geopolitical events, and recurring recession indicators continued to weigh on the timing of our customers’ deepwater project schedules....

Algoma Steel Provides Fiscal 2023 Fourth Quarter Guidance

Written by Customer Service on March 30, 2023. Posted in Earnings Releases And Operating Results.

SAULT STE. MARIE, Ontario, March 30, 2023 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal fourth quarter ending March 31, 2023. Unless otherwise specified, all amounts are in Canadian dollars. Fiscal 2023 fourth quarter total steel shipments are expected to be in the range of 555,000 to 565,000 tons and Adjusted EBITDA is expected to be in the range of CDN $25 million to $30 million. Michael Garcia, Algoma’s Chief Executive Officer commented, “We anticipate that our shipments for the fourth fiscal quarter will align with our earlier projections now that our plate mill has returned to its historical production levels. As expected, our Adjusted EBITDA is directionally...

Consolidated Water Reports Record 2022 Revenue up 41% to $94.1 Million, Driving Net Income of $8.2 Million or $0.54 per Share

Written by Customer Service on March 30, 2023. Posted in Earnings Releases And Operating Results.

GEORGE TOWN, Cayman Islands, March 30, 2023 (GLOBE NEWSWIRE) — Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading developer and operator of advanced water supply and treatment plants, reported results for the year ended December 31, 2022. All comparisons are to the same year-ago period unless otherwise noted. The company will hold a conference call at 11:00 a.m. Eastern time tomorrow to discuss the results (see dial-in information below). Fourth Quarter 2022 Financial Highlights Total revenue increased 71% to $28.4 million. Retail revenue increased 25% to $6.8 million. Bulk revenue increased 23% to $8.5 million. Services revenue increased 206% to $10.3 million. Paid quarterly cash dividend of $0.085 per share ($0.34 on an annualized basis). As of December 31, 2022, cash and cash equivalents totaled $50.7...

Mobivity Announces Fourth Quarter and Full Year 2022 Financial Results

Written by Customer Service on March 30, 2023. Posted in Earnings Releases And Operating Results.

PHOENIX, March 30, 2023 (GLOBE NEWSWIRE) — Mobivity Holdings Corp. (OTCQB:MFON), a global provider of personalized reward solutions that drive customer acquisition, frequency, and spend, today announced financial results for the fourth quarter (“Q4”) and full year ending December 31, 2022. Q4 2022 Financial Highlights Revenue growth of 185% from $613,000 in the fourth quarter of 2021 to $1.7 million in the fourth quarter of 2022. Gross profit improved from a loss of $367,000 in the fourth quarter of 2021 to a gross profit of $602,000 in the fourth quarter of 2022, representing a 264% improvement. Operating expenses decreased 3% from $3.7 million in the fourth quarter of 2021 to $3.5 million in the fourth quarter of 2022. Net operating loss improved by 23% from $4 million in the fourth quarter of 2021 to $2.9 million in the fourth...

Trust Stamp Reports 2022 Financial Results and Provides Business Update

Written by Customer Service on March 30, 2023. Posted in Earnings Releases And Operating Results.

Revenue increased 46.4% to $5.38 million for the year ended December 31, 2022, as the Company implemented a SaaS delivery model for its AI-powered technology ATLANTA, March 30, 2023 (GLOBE NEWSWIRE) — Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM providing AI-powered trust and identity services used globally across multiple sectors, announced financial results and provided a business update for the full year ended December 31, 2022. Trust Stamp CEO Gareth N. Genner comments: “2022 was a transformative year for Trust Stamp, as we transitioned to our new Orchestration Layer to deliver Software-as-a-Service (SaaS) products built on our innovative IP portfolio through no-code/ low-code implementations. The Orchestration Layer is a one-stop solution for Trust Stamp services, provides for easy integration with our...

Day: March 30, 2023

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