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Month: March 2023

After Navigating Local Economic Hurdles, Small Businesses Find Their Place

When underserved communities couldn’t launch local startups, LPL Financial Foundation, LISC San Diego, Vista Chamber of Commerce and the University of San Diego stepped up SAN DIEGO, March 09, 2023 (GLOBE NEWSWIRE) — They say it takes a village, and that was the case for two San Diego County farmers’ market initiatives. The entrepreneurial gumption was there, but lack of economic savvy and bureaucratic know-how provided a serious roadblock. That’s when four organizations joined forces to support two struggling communities in their drive to reignite their local farmers’ markets. With a shared goal of stimulating economic developments in communities that wanted to build, support came by way of small business empowerment organizations funded by the LPL Financial Charitable Foundation (the “LPL Financial Foundation”). Through strategic...

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Black Diamond Therapeutics Reports Fourth Quarter and Full Year 2022 Financial Results and Provides Corporate Update

On track to provide clinical update from dose-escalation portion of Phase 1 clinical trial of EGFR MasterKey inhibitor BDTX-1535 in the second half of 2023 FDA clearance of IND application for BDTX-4933 in the first quarter of 2023, a brain-penetrant RAF MasterKey inhibitor for the treatment of all-class RAF and RAS mutant tumors; initiation of Phase 1 clinical trial expected in the first half of 2023 Presented new preclinical data demonstrating the potential of MasterKey programs BDTX-1535 and BDTX-4933 at the 34th EORTC-NCI-AACR Symposium Cash, cash equivalents, and investments of $122.8 million as of December 31, 2022; expected to be sufficient to fund operations into the third quarter of 2024CAMBRIDGE, Mass. and NEW YORK, March 09, 2023 (GLOBE NEWSWIRE) — Black Diamond Therapeutics, Inc. (Nasdaq: BDTX), a clinical-stage...

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FuelCell Energy Reports First Quarter of Fiscal 2023 Results

First Quarter Fiscal 2023 Financial Highlights(All comparisons are year-over-year unless otherwise noted)Revenues of $37.1 million compared to $31.8 million Gross profit of $5.2 million compared to a gross loss of $(2.9) million Loss from operations of $(22.5) million compared to $(44.8) million Net loss per share was $(0.05) compared to $(0.11)DANBURY, Conn., March 09, 2023 (GLOBE NEWSWIRE) — FuelCell Energy, Inc. (Nasdaq: FCEL) — a global leader in decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy — today reported financial results for its first quarter ended January 31, 2023. “For the first quarter of fiscal year 2023, we reported strong revenue growth, up 17% compared to the comparable prior year quarter,” said...

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XOMA Reports Full-Year 2022 Financial Results and Provides Update to the Acceleration of its Differentiated Royalty Monetization Strategy

2022 was the first year with cash receipts from a commercial asset since becoming a royalty aggregator Ebopiprant royalty and milestone license acquisition gives XOMA the potential to earn up to $378 million, net, in milestones plus mid-single digit to low teens royalties, net, from Organon The Executive Leadership Team additions of Owen Hughes and Brad Sitko bring royalty investment and portfolio management expertise to increase shareholder value from XOMA’s future acquisitions Royalty portfolio is maturing to the point where XOMA has potential for cash flows from two commercial assets in 2024 EMERYVILLE, Calif., March 09, 2023 (GLOBE NEWSWIRE) — XOMA Corporation (NASDAQ: XOMA), the Biotech Royalty Aggregator, reported its full year 2022 financial results and provided an operational update on the Company’s actions to accelerate...

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Rapeseed Oil Market Size, Trends, Analysis and Forecast 2023-2030 | Fortune Business Insights™

Companies covered in rapeseed oil market are Cargill Incorporated, CCS Estates Limited, Folba Oil Limited SDN, Yorkshire Rapeseed Oil, Archer Daniels Midland Company, ConAgra Foods Inc., Mackintosh of Glendaveny Limited, RISOIL S.A., Pacific Coast Canola LLC., Other key market players. Pune, India, March 09, 2023 (GLOBE NEWSWIRE) — The global rapeseed oil market size is set to gain momentum from its extensive usage in the production of biodiesel. It is also used in other applications, such as the formulation of several personal care products, namely, lotions and soaps, as well as in cooking. Fortune Business Insights™ provided this information in an upcoming report, titled, “Rapeseed Oil Market, 2023-2030.” The report further states that rapeseed being a crucial arable crop, provides good income to farmers worldwide. The...

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Advanced Polymer Composites Market Size [2023-2030] | Industry Analysis by Share, Potential Growth, Opportunities, And Trends Forecast Research Report

Key Companies covered in advanced polymer composites market Arkema S.A., TPI Composites Inc., Toray Industries Inc., Hexcel Corporation, BASF SE, Owens Corning Corporation, Solvay S.A., Mitsubishi Rayon Co. Ltd and more players profiled. Pune, India, March 09, 2023 (GLOBE NEWSWIRE) — The advanced polymer composites market size is predicted to show rapid expansion due to the rising adoption of advanced polymer composites by the automotive sector. Fortune Business InsightsTM has presented this information in its upcoming report. Advanced polymers, on the other hand, offer high stiffness, mechanical strength, and other qualities, making them an excellent alternative for the automobile industry. List of Key Players in the Market:Arkema S.A. TPI Composites Inc. Toray Industries Inc. Hexcel Corporation BASF SE Owens Corning Corporation Solvay...

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Calcium Carbonate Market Size [2023-2030] | Industry Trends, Share, Growth Opportunities, Market Drivers, And Global Forecast Report

Key Companies covered in calcium carbonate market Imerys, Omya AG, Midwest Calcium Carbonate, Mississippi Lime Company, Sibelco, Minerals Technologies Inc., Calcinor S.A., Huber Engineered Materials and more players profiled. Pune, India, March 09, 2023 (GLOBE NEWSWIRE) — The global calcium carbonate market size is projected to experience dynamic growth in the forthcoming years owing to the increasing demand for calcium carbonate from the medical sector, Calcium carbonate is beneficial for the human body for the betterment of bones, muscles, nervous system, and other parts of the body. It is also used as an antacid in order to cure upset stomach and indigestion. There has been a high demand for calcium carbonate in the medical sector owing to its usage as a dietary supplement or base material for medicinal tablets. Thus, this is...

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Navios Maritime Holdings Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2022

Net Income$8.4 million in Q4 2022 $87.3 million in FY 2022EBITDA, a non-GAAP measure$32.6 million in Q4 2022 $355.1 million in FY 2022Revenue$52.6 million in Q4 2022 vs $49.2 million in Q4 2021 $255.4 million in FY 2022 vs $223.5 million in FY 2021Navios Logistics∼20% increase in Adjusted EBITDAGRAND CAYMAN, Cayman Islands, March 09, 2023 (GLOBE NEWSWIRE) — Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE: NM), today reported its financial results for the fourth quarter and year ended December 31, 2022. Navios Holdings owns (i) a controlling equity stake in Navios South American Logistics Inc. (“Navios Logistics”), one of the largest infrastructure and logistics companies in the Hidrovia region of South America and (ii) an interest in Navios Maritime Partners L.P. (“Navios Partners”)...

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Ammonium Nitrate Market Share, Growing Worldwide Demand, Outlook and Global Forecast by 2030

key players operating in the ammonium nitrate market are Sigdo Koppers Group, CF Industries Holdings, Inc, Incitec Pivot Ltd., Neochim Ad, EuroChem Group AG, OSTCHEM Holding Company, Fertiberia SA, Borealis AG, San Corporation and more players profiled. Pune, India, March 09, 2023 (GLOBE NEWSWIRE) — The global ammonium nitrate market size is expected to showcase substantial growth during the forecast period. This growth is attributable to the increasing demand for high crop yield and the growing government focus for beautification of gardens across public places that will boost the adoption of advanced ammonium nitrate across the globe. Ammonium nitrate is a chemical compound that is widely used in the fertilizer industry, as well as in various other applications such as explosives, mining, and construction. The ammonium nitrate...

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Hydroponics Market Size, Segmentation, Industry Drivers, Demand and Global Forecast by 2023-2030

Companies covered in Hydroponics Market are Heliospectra AB, Signify Holdings, Terra Tech Corp., Argus Control Systems, American Hydroponics, Scotts Miracle-Gro, LumiGrow, Village Farms, Green Sense Holdings, Urban Cultivator, Other key market players Pune, India, March 09, 2023 (GLOBE NEWSWIRE) — The global hydroponics market size is set to gain traction from the increasing need to grow nutritionally superior crops without using artificial ripening agents and pesticides. Fortune Business Insights™ published this information in an upcoming report, titled, “Hydroponics Market, 2023-2030.” As per the report, numerous companies operating in the market are nowadays introducing innovative systems to strengthen their positions. The Analytics India Magazine, for instance, mentioned in an article that artificial intelligence-based...

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