CNB Financial Corporation Reports First Quarter 2023 Results

Written by Customer Service on April 17, 2023. Posted in Earnings Releases And Operating Results.

CLEARFIELD, Pa., April 17, 2023 (GLOBE NEWSWIRE) — CNB Financial Corporation (“CNB” or the “Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the three months ended March 31, 2023, and disclosed quarterly growth in total deposits, loans, and assets. Executive Summary Net income available to common shareholders (“earnings”) was $15.4 million, or $0.73 per diluted share, for the three months ended March 31, 2023, reflecting a sequential quarterly increase compared to earnings of $14.8 million, or $0.70 per diluted share, for the three months ended December 31, 2022. The Corporation’s prior year earnings for the three months ended March 31, 2022 were $14.2 million, or $0.84 per diluted share. The decrease in diluted earnings per share comparing the quarter ended March 31, 2023...

ZW Data Action Technologies Reports Full Year 2022 Audited Financial Results

Written by Customer Service on April 17, 2023. Posted in Earnings Releases And Operating Results.

BEIJING, April 17, 2023 (GLOBE NEWSWIRE) — ZW Data Action Technologies Inc. (Nasdaq: CNET) (the “Company”), an integrated online advertising, precision marketing, data analytics and other value-added services provider serving enterprise clients, today announced its audited financial results for the year ended December 31, 2022. Full Year 2022 Financial Results Revenues For the full year of 2022, revenues decreased by $21.09 million, or 44.6%, to $26.24 million from $47.33 million for the last year. The decrease in revenues was primarily attributable to the decrease in our main stream services revenues from our distribution of the right to use search engine marketing services business segment, as a result of the repeated regional COVID-19 rebound cases in many provinces in China throughout the year, which affected business...

Gouverneur Bancorp, Inc. Announces Resignation of Chief Executive Officer

Written by Customer Service on April 17, 2023. Posted in Public Companies.

GOUVERNEUR, N.Y., April 17, 2023 (GLOBE NEWSWIRE) — Cambray Mutual Holding Company (the “MHC”), Gouverneur Bancorp, Inc. (the “Company”) and Gouverneur Savings and Loan Association (the “Bank” and, together with the MHC and the Company, “Gouverneur”) today announced that, effective as of April 14, 2023, Faye C. Waterman has resigned as President and Chief Executive Officer, and from the Board of Directors, of the Company, the MHC and the Bank. The Board of Directors accepted Mr. Waterman’s resignation and thanks him for his years of service and leadership. Gouverneur also announced that the Board of Directors has appointed Charles C. Van Vleet, Jr., a current director and the former President and Chief Executive Officer of Gouverneur, to temporarily assume the duties of President and Chief Executive Officer while Gouverneur undertakes...

Dragonfly Energy Files Annual Report on Form 10-K and Updates Operating Results for the Fourth Quarter and Year ended December 31, 2022

Written by Customer Service on April 17, 2023. Posted in Earnings Releases And Operating Results.

RENO, Nev., April 17, 2023 (GLOBE NEWSWIRE) — Dragonfly Energy Holdings Corp. (“Dragonfly” or the “Company”) (Nasdaq: DFLI), an industry leader in energy storage and producer of deep cycle lithium-ion storage batteries, today filed its Annual Report on Form 10-K and updated its financial results for the fourth quarter and audited full year ended December 31, 2022. On March 29, 2023, the Company announced its unaudited financial results for the year ended December 31, 2022 and provided the press release under Items 2.02 and 9.01 of Form 8-K on that day. In connection with the completion of the 2022 audit, $19.8 million in deal-related expenses from the Company’s October 7, 2022 Business Combination, which were initially recognized within equity, were classified as general and administrative expenses. These expenses were unique to...

Xcel Brands, Inc. Announces Fourth Quarter And Fiscal Year 2022 Results

Written by Customer Service on April 17, 2023. Posted in Earnings Releases And Operating Results.

Company provides update on strategic transformation to pursue live streaming and social commerce across all digital channels. Transition creates an asset light business model and is expected to produce over $10 million in operating cost savings on an annualized basis starting in Q2 2023. NEW YORK, April 17, 2023 (GLOBE NEWSWIRE) — Xcel Brands, Inc. (NASDAQ: XELB) (“Xcel” or the “Company”), a media and consumer products company with over $4 billion in retail sales under its brands and 10,000 hours of livestream programming time, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2022. The Company also announced that it has finalized licensing and joint venture agreements to reduce operating costs by over $10 million annualized, while creating a highly profitable and asset light business...

CrossFirst Bankshares, Inc. Reports First Quarter 2023 Results

Written by Customer Service on April 17, 2023. Posted in Earnings Releases And Operating Results.

LEAWOOD, Kan., April 17, 2023 (GLOBE NEWSWIRE) — CrossFirst Bankshares, Inc. (Nasdaq: CFB), the bank holding company for CrossFirst Bank, today reported results for the first quarter ended March 31, 2023. The first quarter earnings release can be viewed here: https://investors.crossfirstbankshares.com/financials-filings/quarterly-results To access the event by telephone, please dial (844) 481-2831 at least fifteen minutes prior to the start of the call and request access to the CrossFirst Bankshares call. International callers should dial +1 (412) 317-1851 and request access to the CrossFirst Bankshares call. This event will also be broadcast live over the internet and can be accessed via the following link: https://edge.media-server.com/mmc/p/77e58i2m. Please visit the site at least 15 minutes prior to the call to allow time for...

China Index Holdings Announces Completion of Merger

Written by Customer Service on April 17, 2023. Posted in Mergers And Acquisitions.

BEIJING, April 17, 2023 (GLOBE NEWSWIRE) — China Index Holdings Limited (NASDAQ: CIH), (“CIH” or the “Company”), a leading real estate information and analytics service platform provider in China, today announced the completion of the merger (the “Merger”) of the Company with CIH Merger Sub Holdings Limited (“Merger Sub”), an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly owned subsidiary of CIH Holdings Limited (“Parent”), an exempted company with limited liability incorporated under the laws of the Cayman Islands, pursuant to the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of December 22, 2022, by and among the Company, Parent and Merger Sub. Under the terms of the Merger Agreement, at the effective time of the Merger (the “Effective...

SAKER AVIATION SERVICES, INC. ANNOUNCES FINANCIAL RESULTS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2022

Written by Customer Service on April 17, 2023. Posted in Earnings Releases And Operating Results.

Revenue from continuing operations of $7,598,000 in 2022 up 216.6% Versus $2,400,000 in 2021 Income from continuing operations of $1,246,000 in 2022 Versus $726,000 in 2021 NEW YORK, April 17, 2023 (GLOBE NEWSWIRE) — Saker Aviation Services, Inc. (OTCQB: SKAS), an aviation services company specializing in ground-based services to the general aviation marketplace, today announced its financial results for the twelve months ended December 31, 2022. Revenue from continuing operations in the twelve months ended December 31, 2022 of $7,598,597 was up 216.6 percent from $2,400,316 in the twelve months ended December 31, 2021. Income from continuing operations in the twelve months ended December 31, 2022 of $1,246,621 was up $520,437 as compared to $726,184 in the same period in 2021. “We are pleased to announce the financial results...

Enovix Announces Proposed $150 Million Offering of Convertible Senior Notes Due 2028

Written by Customer Service on April 17, 2023. Posted in Public Companies.

FREMONT, Calif., April 17, 2023 (GLOBE NEWSWIRE) — Enovix Corporation (“Enovix”) (NASDAQ: ENVX), an advanced silicon battery company, today announced its intent to offer $150 million aggregate principal amount of Convertible Senior Notes due 2028 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Enovix also intends to grant the initial purchasers of the Notes an option to purchase, within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $22.5 million aggregate principal amount of Notes. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may...

BiondVax Files FY 2022 Financial Statements and Annual Report on Form 10-K and Provides Business Update

Written by Customer Service on April 17, 2023. Posted in Earnings Releases And Operating Results.

JERUSALEM, April 17, 2023 (GLOBE NEWSWIRE) — via InvestorWire — BiondVax Pharmaceuticals Ltd. (Nasdaq: BVXV), a biotechnology company focused on developing, manufacturing, and commercializing innovative immunotherapeutic products primarily for the treatment of infectious and autoimmune diseases, today published its full-year financial results for the year ended December 31, 2022, and provided a business update. At the same time, the Company filed its Annual Report on Form 10-K with the Securities and Exchange Commission. Business Update & Recent Highlights In late 2021 and early 2022, BiondVax signed definitive agreements with the Max Planck Society (MPG) and the University Medical Center Göttingen, Germany (UMG) aiming to enable BiondVax to build a pipeline of “bio-better” nanosized VHH antibodies (NanoAbs), which...

Day: April 17, 2023

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