Month: March 2023

Fourth quarter net sales increased 6.9% over the prior year; Provides Outlook for 2023 CHARLOTTE, N.C., March 09, 2023 (GLOBE NEWSWIRE) — NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that manufactures high-precision components and assemblies, today reported its financial results for the fourth quarter and full year ended December 31, 2022. Warren Veltman, President and Chief Executive Officer, said, “Our fourth-quarter results were adversely impacted by non-material inflationary cost increases, ongoing supply chain interruptions, especially in China, and product launch inefficiencies in certain North America facilities. We have taken action to address these issues through significant price increases for non-material inflation effective January 1, 2023, corrective action plans to address operating performance...

— CB-010 ANTLER Phase 1 trial in r/r B-NHL ongoing with update planned for H2 2023 — — CB-011 CaMMouflage Phase 1 trial in r/r MM recruiting patients at dose level 1 — — CB-012 IND-enabling studies initiated; IND submission in r/r AML planned for H2 2023 — — $317.0 million in cash, cash equivalents, and marketable securities as of December 31, 2022; cash runway to fund the current operating plan into 2025 — BERKELEY, Calif., March 09, 2023 (GLOBE NEWSWIRE) — Caribou Biosciences, Inc. (Nasdaq: CRBU), a leading clinical-stage CRISPR genome-editing biopharmaceutical company, today reported financial results for the fourth quarter and full year 2022 and reviewed recent pipeline progress. “We successfully demonstrated the potential of our chRDNA genome-editing technology with promising...

SHANGHAI, China, March 09, 2023 (GLOBE NEWSWIRE) — DigiTech, Inc. (NASDAQ: QFIN; HKEX: 3660) (“360 DigiTech” or the “Company”), a leading Credit-Tech platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2022, and declared quarterly dividend. Fourth Quarter 2022 Business HighlightsAs of December 31, 2022, our platform has connected 143 financial institutional partners and 208.7 million consumers*1 with potential credit needs, cumulatively, an increase of 10.9% from 188.2 million a year ago. Cumulative users with approved credit lines*2 were 44.5 million as of December 31, 2022, an increase of 15.6% from 38.5 million as of December 31, 2021. Cumulative borrowers with successful drawdown, including repeat borrowers was 27.0 million as of December 31, 2022, an...

NOT FOR RELEASE OR DISSEMINATION INTO THE UNITED STATES Full Year 2022 Financial Highlights(1):Revenues increased by 19.5% to $3.0 billion Gross Margin at 13.5% EBITDA(2) and Adjusted EBITDA(3) amounted to $203.2 million Net Earnings(4) amounted to $78.7 million Total dividends of $0.56 per share declared(4)Q4 2022 Financial Highlights(1):Revenues of $572.9 million Gross Margin at 14.3% EBITDA(2) and Adjusted EBITDA(3) amounted to $32.9 million Net Earnings(4) amounted to $4.3 million Quarterly dividend of $0.14 per share declared(4)VANCOUVER, British Columbia, March 09, 2023 (GLOBE NEWSWIRE) — Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM; DBM.NT.A) announced today its fourth quarter and full year 2022 financial results(1) for the period ended December 31, 2022. For the year ended December 31,...

CALGARY, Alberta, March 09, 2023 (GLOBE NEWSWIRE) — Total Energy Services Inc. (“Total Energy” or the “Company”) (TSX:TOT) announces its consolidated financial results for the three months and year ended December 31, 2022. Financial Highlights ($000’s except per share data)  Three months ended December 31   Year ended December 31    2022   2021   Change     2022   2021   ChangeRevenue $ 211,479 $ 134,629   57%   $ 759,813 $ 431,576   76%Operating income (loss)   15,605   1,680   829%     49,343   (1,413)   nmEBITDA (1)   35,872   22,567   59%     131,320   86,015   53%Cashflow   38,590   22,144   74%     130,795   80,191   63%Net income (loss)   12,264   1,036   1084%     37,999   (428)   nmAttributable to shareholders   12,244   1,049   1067%     38,008   (360)   nm                         Per...

~ Transformational Acquisition Helped Drive Record Production, Reserves, Revenue, Net Income and Adjusted EBITDA for Full Year 2022 ~ ~ Expects 2023 Annual Sales Volumes to Increase More Than 40% Over 2022 ~ THE WOODLANDS, Texas, March 09, 2023 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the fourth quarter and full year 2022, including Ring’s year-end 2022 proved reserves. In addition, the Company provided first quarter and full year 2023 operational and capital spending guidance. 2022 Highlights and Recent Key ItemsSignificantly benefited from the Company’s acquisition of the Stronghold Energy assets that closed on August 31, 2022 (the “Stronghold Transaction”); Grew fourth quarter 2022 sales volumes 34% to a record 17,856 barrels of...

CERRITOS, Calif., March 09, 2023 (GLOBE NEWSWIRE) — The Oncology Institute, Inc. (NASDAQ: TOI) (“TOI” or the “Company”), one of the largest value-based community oncology groups in the United States, today reported financial results for its fourth quarter and year ended December 31, 2022. Recent Operational HighlightsCompleted a $110 million strategic investment from Deerfield Management Company, L.P. through secured senior convertible notes on August 9, 2022 Ended the fiscal year 2022 with $132 million in cash, cash equivalents, and investments Increased market count to 15 at year-end from 10 in the prior year, including new markets in California, Florida and Texas Remediated two of the previously disclosed material weaknesses surrounding controls over review of revenue and segregation of duties within the financial close and...

Fourth Quarter Financial Highlights: (comparisons are year over year)Total revenues increased 20.3% year over year to $428.6 million Construction and Material Handling revenue of $269.0 million and $154.3 million, respectively Product Support revenue increased 25.4% year over year with Parts Sales increasing by $13.1 million and Service Revenue increasing by $9.9 million Net loss of $(1.5) million available to common stockholders compared to $(1.3) million in 2021 Basic and diluted net loss per share of $(0.05) compared to $(0.04) in 2021 Adjusted basic and diluted net income per share* of $0.04 for both 2022 and 2021 Adjusted EBITDA* grew 15.7% to $42.7 million compared to $36.9 million in 2021 In December 2022, the Company entered into an agreement to purchase the assets of M&G Materials Handling Co. (“M&G”),...

Conference call and webcast on March 9, 2023 at 5 p.m. ET RADNOR, Pa., March 09, 2023 (GLOBE NEWSWIRE) — Safeguard Scientifics, Inc. (NASDAQ: SFE) (“Safeguard” or the “Company”) today announced financial results for the three months and year ended December 31, 2022. 2022 HIGHLIGHTSExits & DeploymentsDuring the fourth quarter, Safeguard funded convertible loans of $0.5 million to meQuilibrium and $0.1 million from its subordinated line of credit to Trice Medical. Safeguard also funded an additional $0.25 million to Trice subsequent to the year-end pursuant to the same arrangement. Safeguard’s annual deployments totaled $5.7 million, as compared to the full year 2022 estimated deployments of $5 million to $9 million.Safeguard Company PerformanceThe aggregate trailing twelve-month revenues ending September 30, 2022...

Balance Sheet and Liquidity Remain Strong Significant Improvement in Cash Provided by Operating Activities Revenue Growth in NA and EU Fenestration Segments, Excluding FX Impact Integration of LMI Custom Mixing Assets on Track Cautiously Optimistic on Second Half of 2023 Positive Long-Term View on Residential Housing Market Remains Intact HOUSTON, March 09, 2023 (GLOBE NEWSWIRE) — Quanex Building Products Corporation (NYSE:NX) (“Quanex” or the “Company”) today announced its results for the three months ended January 31, 2023.   The Company reported the following selected financial results:      Three Months Ended January 31,($ in millions, except per share data)     2023   2022Net Sales     $261.9   $267.0Gross Margin     $51.8   $55.2Gross Margin %     19.8%   20.7%Net Income     $1.9   $11.2Diluted EPS     $0.06   $0.34           Adjusted...