Aerojet Rocketdyne Holdings, Inc. Reports 2023 First Quarter Results

Written by Customer Service on May 4, 2023. Posted in Earnings Releases And Operating Results.

Record first quarter reported sales of $566 million EL SEGUNDO, Calif., May 04, 2023 (GLOBE NEWSWIRE) — Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) (the “Company”) today reported results for the three months ended March 31, 2023. Financial Overview Three months ended March 31, 2023 2022 (In millions, except percentage and per share amounts) Net sales $ 566.3 $ 511.1 Net income 27.8 27.8 Net income as a percentage of net sales 4.9 % 5.4 % Adjusted Net Income (Non-GAAP measure*) 34.4 36.9 Adjusted Net Income (Non-GAAP measure*) as a percentage of net sales 6.1 % 7.2 % Earnings Per Share (“EPS”) – Diluted 0.34 0.33 Adjusted EPS (Non-GAAP measure*) 0.43 0.44 Adjusted EBITDAP (Non-GAAP measure*) 58.7 69.3 Adjusted EBITDAP...

Safeguard Scientifics Announces First Quarter 2023 Financial Results

Written by Customer Service on May 4, 2023. Posted in Earnings Releases And Operating Results.

Conference call and webcast on May 4, 2023 at 5 p.m. ET RADNOR, Pa., May 04, 2023 (GLOBE NEWSWIRE) — Safeguard Scientifics, Inc. (NASDAQ:SFE) (“Safeguard” or the “Company”) today announced financial results for the three months ended March 31, 2023. FIRST QUARTER 2023 HIGHLIGHTS Financial Results Cash, cash equivalents and restricted cash totaled $18.8 million at March 31, 2023. The carrying value of the Company’s ownership interests totaled $12.0 million at March 31, 2023. The total cost of the Company’s ownership interests was $151.3 million. Net loss for the three months ended March 31, 2023 was $3.5 million, or $0.22 per share, as compared with a net loss of $6.7 million, or $0.40 per share, for the same period in 2022. Capital Return During the first quarter, Safeguard completed the remaining purchases under its...

Panbela Provides Business Update and Reports Q1 2023 Financial Results

Written by Customer Service on May 4, 2023. Posted in Earnings Releases And Operating Results.

MINNEAPOLIS, May 04, 2023 (GLOBE NEWSWIRE) — Panbela Therapeutics, Inc. (Nasdaq: PBLA), a clinical stage company developing disruptive therapeutics for the treatment of patients with urgent unmet medical needs, today provides a business update and reports financial results for the quarter ended March 31, 2023. As previously announced, management is hosting an earnings call today at 4:30 p.m. ET. Q1 2023 and Recent Highlights Poster presentation highlighting the results for ivospemin (SBP-101) as a polyamine metabolism modulator in ovarian cancer at the American Association for Cancer Research (AACR), which took place April 14-19, 2023. Announced the first patient enrolled in a Phase II double-blind, randomized study to evaluate CPP-1X-T (eflornithine tablets) for recent onset type 1 diabetes. Regained the North American rights...

Wish Reports First-Quarter 2023 Financial Results

Written by Customer Service on May 4, 2023. Posted in Earnings Releases And Operating Results.

SAN FRANCISCO, May 04, 2023 (GLOBE NEWSWIRE) — ContextLogic Inc. (d/b/a Wish) (Nasdaq: WISH), one of the largest mobile ecommerce platforms, today reported its financial results for the quarter ended March 31, 2023. First-Quarter Fiscal 2023 Financial Highlights Revenues: Revenues were $96 million, a decrease of 49% YoY Core Marketplace revenues were $28 million, down 69% YoY Product Boost revenues were $8 million, down 43% YoY Logistics revenues were $60 million, down 29% YoY Net Loss: Net loss was $89 million, compared to a net loss of $60 million in the first quarter of fiscal 2022 Net loss per share was $3.83, compared to a net loss of $2.72 per share in the first quarter of fiscal 2022 Adjusted EBITDA: Adjusted EBITDA(1) was a loss of $62 million, compared to a loss of $40 million in the first quarter of fiscal 2022 Cash...

Applied Optoelectronics Reports First Quarter 2023 Results

Written by Customer Service on May 4, 2023. Posted in Earnings Releases And Operating Results.

SUGAR LAND, Texas, May 04, 2023 (GLOBE NEWSWIRE) — Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the cable broadband, internet datacenter, telecom and fiber-to-the-home (FTTH) markets, today announced financial results for its first quarter 2023 ended March 31, 2023. “We continued to see steady improvement in our gross margin in the first quarter,” said Dr. Thompson Lin, Applied Optoelectronics Inc. Founder, President and Chief Executive Officer. “Further, we are encouraged by the improving demand we saw for our 100G products in our datacenter business, and we generated another quarter of good CATV results. However, recently we were notified of some inventory build-up with certain CATV customers which we expect will negatively impact our Q2 revenue. With respect to the...

Monster Beverage Reports 2023 First Quarter Results

Written by Customer Service on May 4, 2023. Posted in Earnings Releases And Operating Results.

— Record First Quarter Net Sales Rise 11.9 Percent to $1.70 Billion —— Net Sales, Adjusted for Adverse Changes in Foreign Currency of $52.0 Million, Rise 15.3 Percent —— Gross Margin Percentages Continue to Increase on a Quarterly Sequential Basis —— First Quarter Operating Income Increases 21.4 Percent to $485.1 Million — CORONA, Calif., May 04, 2023 (GLOBE NEWSWIRE) — Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three-months ended March 31, 2023. The Company achieved record first quarter net sales of $1.70 billion in the 2023 first quarter, up 11.9 percent, from net sales of $1.52 billion in the 2022 comparable period. Net changes in foreign currency exchange rates had an unfavorable impact on net sales for the 2023 first quarter of $52.0...

One Liberty Properties Reports First Quarter 2023 Results

Written by Customer Service on May 4, 2023. Posted in Earnings Releases And Operating Results.

Rental Income Grew 7.0% Year-over-Year GREAT NECK, N.Y., May 04, 2023 (GLOBE NEWSWIRE) — One Liberty Properties, Inc. (NYSE: OLP), a real estate investment trust focused on net leased properties, today announced operating results for the quarter ended March 31, 2023. “We are pleased that the work we have undertaken the past few years to transform our holdings toward owning a greater percentage of industrial properties is contributing in a positive manner” stated One Liberty’s President and Chief Executive Officer, Patrick J. Callan, Jr. “We are also proud that our portfolio produced 7.0% growth in rental income for the first quarter of 2023 in a challenging macro-economic environment marked by rising rates. As we move forward, we remain focused on adding to our growth in a disciplined manner and continuing to selectively monetize...

LifeVantage Announces Financial Results for the Third Quarter of Fiscal 2023

Written by Customer Service on May 4, 2023. Posted in Earnings Releases And Operating Results.

SALT LAKE CITY, May 04, 2023 (GLOBE NEWSWIRE) — LifeVantage Corporation (Nasdaq: LFVN) today reported financial results for its third fiscal quarter ended March 31, 2023. Third Quarter Fiscal 2023 Summary*: Revenue of $53.7 million, an increase of 7.5% from the prior year period. Excluding the negative impact of foreign currency fluctuations, third quarter revenue was up approximately 10.4%; Revenue in the Americas increased 18.2% including a 19.5% increase in the United States. Revenue in Asia/Pacific & Europe decreased 14.2% and was down approximately 5.1% excluding the negative impact of foreign currency fluctuations; Total active accounts declined 5.1% from the prior year period to 149,000, reflecting flat accounts in the Americas and a 16.3% decline in Asia/Pacific & Europe; Net income per diluted share were $0.08,...

Aqua Metals Produces High-Value Minerals at Pilot Plant, Secures Site to Expand Commercial Operations, During First Quarter of 2023

Written by Customer Service on May 4, 2023. Posted in Earnings Releases And Operating Results.

Achievements in low-carbon battery materials by Aqua Metals propel partnership with cathode manufacturer 6K Energy RENO, Nev., May 04, 2023 (GLOBE NEWSWIRE) — Aqua Metals, Inc. (NASDAQ: AQMS) (“Aqua Metals” or the “Company”), a pioneer in sustainable lithium battery recycling, today announced financial results and provided a business update for the first quarter ended March 31, 2023. First Quarter and Recent Highlights: Announced a non-recurring engineering agreement (NRE) and long-term partnership with 6K Energy to develop next-generation low-carbon, cathode active material precursors (pCAM), to create a domestic supply chain for critical battery materials. Secured a five-acre campus site, with space to process more than 20 million pounds of lithium-ion batteries annually, including an existing facility to expand...

Kimball International, Inc. Reports Third Quarter 2023 Results

Written by Customer Service on May 4, 2023. Posted in Mergers And Acquisitions.

—Fifth Consecutive Quarter of Gross Margin Expansion——Industry-Leading Operational Performance at Pre-Pandemic Levels——34% Growth in Adjusted EBITDA Year-Over-Year— JASPER, Ind., May 04, 2023 (GLOBE NEWSWIRE) — Kimball International, Inc. (NASDAQ: KBAL) today announced results for the third quarter ended March 31, 2023. Selected Financial Highlights: Third Quarter FY 2023 Net sales of $166.1 million Gross margin expanded 710 basis points to 37.6% Net income of $5.7 million; Adjusted net income of $11.2 million Diluted EPS of $0.15; Adjusted diluted EPS was $0.30 Adjusted EBITDA of $15.4 million, up $3.9 million year-over-year Backlog of $134.5 million Management Commentary CEO Kristie Juster commented, “The third quarter was our fifth consecutive quarter of substantial year-on-year growth in adjusted EBITDA, driven by significant...

Day: May 4, 2023

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