Day: April 5, 2023

Quarterly revenue increased 23% sequentially and 19% year-over-year to $10.2 million, representing the highest quarterly level in three years Quarterly gross margin expanded to 73%, also marking highest level in three years Generated $1.7 million in GAAP net income and $1.7 million in adjusted earnings before interest taxes depreciation and amortization “Adjusted EBITDA” for fiscal fourth quarter 2023 Total revenue for fiscal 2023 increased 19% year-over-year to $32.5 million, primarily driven by software development projects related to streaming and ConnectedTV license salesBOSTON, April 05, 2023 (GLOBE NEWSWIRE) — SeaChange International, Inc. (NASDAQ: SEAC), (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (“FAST”)...

DANBURY, CT, April 05, 2023 (GLOBE NEWSWIRE) — Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD) today announced that it will release its financial and operating results for the fiscal 2023 third quarter ended March 31, 2023, after the market closes on Wednesday, April 26, 2023. Following the earnings release, the Company will host a conference call with investors and analysts at 5:00 PM (Eastern Time) to discuss these results. The conference call will be webcast live from the Company’s Investor Relations website at https://ir.ethanallen.com. The following information is provided for those who would like to listen to the conference call:U.S. Participants:                      877-705-2976 International Participants:    201-689-8798 Meeting Number:                    13736909For those unable to listen live,...

Green Energy Solutions sales increase 103% over Q3 FY22; total net sales increase 27.2% Third Quarter HighlightsNet sales of $70.4 million were up 27.2% from last year’s third quarter driven by increases in Power and Microwave Technologies (“PMT”), Green Energy Solutions (“GES”) and Canvys business units. Backlog totaled $175.1 million in the third quarter versus $175.6 million at the end of the third quarter of last fiscal year. Gross margin was 31.8% of net sales for the third quarter of fiscal 2023, the same as in the prior year’s third quarter. Operating income was $7.6 million in the third quarter of fiscal 2023 compared to $3.6 million for the third quarter of fiscal 2022. Income tax expense was $1.7 million for the third quarter of fiscal 2023, or 20.7% versus $0.6 million in the prior year’s third quarter due to the use of federal...

PORTLAND, Maine, April 05, 2023 (GLOBE NEWSWIRE) — ImmuCell Corporation (Nasdaq: ICCC) (“ImmuCell” or the “Company”), a growing animal health company that develops, manufactures and markets scientifically-proven and practical products that improve the health and productivity of dairy and beef cattle, today announced preliminary, unaudited sales results for the first quarter of 2023, which ended March 31, 2023.  2023 2022 ($ Decrease) (% Decrease)         During the Three-Month Periods Ended March 31, $3.45 million $6.00 million ($2.55 million) (43%)         During the Twelve-Month Periods Ended March 31, $16.01 million $21.14 million ($5.12 million) (24%)Actual sales during the first quarter of 2023 slightly exceeded the previously projected range of $3.2 million to $3.4 million. Sales were significantly below...