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Month: March 2023

K92 Mining Announces Strong 2022 Q4 and Annual Financial Results – Record Cash Balance, Revenue, Ore Mined and Ore Processed; Cash Cost and AISC Better Than Guidance

Figure 1 Quarter Production ChartFigure 2 Quarterly Operations and DevelopmentFigure 3 Ore Processed Records ChartVANCOUVER, British Columbia, March 30, 2023 (GLOBE NEWSWIRE) — K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce financial results for the three and twelve months ended December 31, 2022. SafetyStrong focus on safety with zero Lost Time Injuries (“LTI”) during the quarter and one of the best safety records in the Australasia region since commencement of operations. Proactive and focused management of COVID-19. K92 has continuously operated throughout the COVID-19 pandemic, and has strong preventative and response plans in place.ProductionFourth Quarter 2022Record quarterly ore processed of 121,686 tonnes or 1,323 tonnes per day (“tpd”), significantly exceeding the...

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Trevena Reports Fourth Quarter 2022 Results and Provides Business Update

Company announces initial topline OLINVYK data including GI and cognitive outcomes, and length of stay data from ~200 patient real-world clinical outcomes study TRV045, a novel S1P receptor modulator, continues to advance as a potential treatment for epilepsy, diabetic neuropathic pain and other CNS disorders, with two proof-of-concept studies expected to complete enrollment by mid-2023 Cash balance of $38.3 million at year end 2022 Company to host conference call today, March 30, 2023 at 8:00 a.m. ET CHESTERBROOK, Pa., March 30, 2023 (GLOBE NEWSWIRE) — Trevena, Inc. (Nasdaq: TRVN), a biopharmaceutical company focused on the development and commercialization of novel medicines for patients with central nervous system (CNS) disorders, today reported its financial results for the fourth quarter ended December 31, 2022 and provided...

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InspireMD Reports Fourth Quarter and Year-End 2022 Financial Results and Provides Business Update

– 2022 CGuard EPS revenue of $5.1 million increased 18.9% over 2021 –            – Resumed shipments of CGuard EPS to CE Mark territories under the pre-existing Medical Device Directive (MDD) regulatory framework; Company anticipates re-certification under new Medical Device Regulation (MRD) framework in coming weeks –            – Continued enrollment in the C-Guardian US IDE trial, with 20 sites currently enrolling patients; on track to complete enrollment by approximately end of Q2 2023 – —Management to host investor conference call today, March 30, at 8:30am ET— TEL AVIV, Israel, March 30, 2023 (GLOBE NEWSWIRE) — InspireMD, Inc. (Nasdaq: NSPR), developer of the CGuard™ Embolic Prevention System (EPS) for treatment of carotid artery disease (CAD) and prevention of stroke...

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Avadel Pharmaceuticals Provides Corporate Update and Reports Fourth Quarter and Full Year 2022 Financial Results

• LUMRYZ™ NDA amendment filed March 1 requesting FDA final approval • Received FDA authorization to import LUMRYZ in advance of final approval decision; shortens timeline between potential approval and product availability • Secured $200 million of capital to fund the launch of LUMRYZ and extended the maturity of $96.2 million of the convertible notes to 2027 • Launch preparations on track to support U.S. commercial launch of LUMRYZ • Management to host a conference call today at 8:30 a.m. ET DUBLIN, Ireland, March 30, 2023 (GLOBE NEWSWIRE) — Avadel Pharmaceuticals plc (Nasdaq: AVDL), a biopharmaceutical company focused on transforming medicines to transform lives, today provided a corporate update and announced its financial results for the fourth quarter ended December 31, 2022. “2023 is shaping up to be a significant...

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Osisko Green Acquisition Limited Reports 2022 Financial Results

NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES TORONTO, March 30, 2023 (GLOBE NEWSWIRE) — Osisko Green Acquisition Limited (TSX:GOGR) (the “Corporation“) is reporting its financial results as at and for the year ended December 31, 2022. The Corporation is also announcing that there are no material updates regarding its search for target businesses with which it may complete its qualifying acquisition. The Corporation’s audited annual financial statements, along with the accompanying management’s discussion and analysis have been filed on the System for Electronic Document Analysis and Retrieval and may be viewed by interested parties under the Corporation’s profile at www.sedar.com or the Corporation’s website at www.osiskogreen.com. About Osisko Green Acquisition...

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Glatfelter Corporation Announces Successful Completion of Refinancing Plan

CHARLOTTE, N.C., March 30, 2023 (GLOBE NEWSWIRE) — Glatfelter Corporation (“Glatfelter” or the “Company”) (NYSE: GLT) announced today that it has completed a series of refinancing transactions that leaves the Company well capitalized and strongly positioned to focus on its turnaround strategy. Summary of Transactions:Glatfelter repaid in full its existing €220,000,000 term loan that would have matured in February 2024, thereby eliminating all near-term debt maturities. The Company amended its existing syndicated revolving credit facility led by PNC Bank National Association, as administrative agent, giving it access to a $250,000,000 revolving credit facility to finance working capital needs and a new covenant structure that reflects the Company’s current operating environment and liquidity. The Company closed on the previously...

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Altisource Announces Fourth Quarter and Full Year 2022 Financial Results

LUXEMBOURG, March 30, 2023 (GLOBE NEWSWIRE) — Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the fourth quarter and full year 2022. “I am encouraged by our progress in 2022 and early 2023 as we execute on our plan to recover from the impact of the COVID-19 pandemic. In 2022, we grew revenue and Adjusted EBITDA in our countercyclical Servicer and Real Estate segment as we began to benefit from the restart of the default market, product mix and cost savings. We also grew our sales pipeline and wins, improved our Gross Profit margins to 15% from 4% and reduced our Adjusted EBITDA loss by $15 million. In February, we amended and extended our term loan and revolver to April 2025 with...

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Refined Petroleum Products Market to Hit USD 863.19 Billion, Globally, by 2028 at 5.0% CAGR

The global refined petroleum products market size was valued at USD 586.27 billion in 2020 and projected to grow USD 863.19 billion in 2028, growing at compound annual growth rate (CAGR) of 5.0% during the 2021-2028 forecast period.Refined Petroleum Products Market Share Refined Petroleum Products Market Size, Share & Industry AnalysisPune, India, March 30, 2023 (GLOBE NEWSWIRE) — The refined petroleum products market size was USD 586.27 billion in 2020. The market is projected to grow from USD 611.94 billion 2021 to USD 863.19 billion in 2028 at a CAGR of 5.0% during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report titled, “Refined Petroleum Products Market, 2021-2028.” Transforming crude petroleum products into useful by-products, such as diesel fuel, gasoline,...

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Novan Reports Full Year 2022 Financial Results and Provides Corporate Update

– Berdazimer gel, 10.3% (SB206) assigned PDUFA goal date of January 5, 2024 – – Strong year-over-year prescription growth across three promoted products, RHOFADE, WYNZORA and MINOLIRA – – Company to host conference call today at 8:30 a.m. ET – DURHAM, N.C., March 30, 2023 (GLOBE NEWSWIRE) — Novan, Inc. (“the Company” or “Novan”) (Nasdaq: NOVN), today announced its financial and operating results for the full year ended December 31, 2022 and provided a corporate update. The Company will host a conference call and webcast, today, March 30, 2023, at 8:30 a.m. ET (details below). “We have made considerable progress across all fronts over the past twelve months, which I believe sets the foundation for the future of Novan. Most notably, we submitted our New Drug Application (NDA) with the U.S. Food and Drug Administration (FDA) for...

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