Genasys Inc. Reports Fiscal Second Quarter 2023 Financial Results

Written by Customer Service on May 8, 2023. Posted in Earnings Releases And Operating Results.

Second Half Growth in Hardware and Software to Drive Positive Adjusted EBITDA SAN DIEGO, May 08, 2023 (GLOBE NEWSWIRE) — Genasys Inc. (NASDAQ: GNSS), the global leader in critical communications systems and solutions that help keep people safe, today announced financial results for the Company’s fiscal second quarter ended March 31, 2023. Richard S. Danforth, Chief Executive Officer of Genasys, Inc., commented, “As expected, financial results for the March quarter were similar to our fiscal first quarter, with slight sequential improvement in revenues and adjusted EBITDA. Based on our pipeline and bookings, we expect to see growth resume and accelerate in the second half of this fiscal year. Steady growth in our Software revenue should be augmented by improved Hardware bookings and revenue, particularly from international customers.” Mr....

3D Systems Reports First Quarter 2023 Financial Results

Written by Customer Service on May 8, 2023. Posted in Earnings Releases And Operating Results.

ROCK HILL, S.C., May 08, 2023 (GLOBE NEWSWIRE) — 3D Systems Corporation (NYSE:DDD) announced today its financial results for the first quarter ended March 31, 2023. First Quarter Financial Results and Recent Business Highlights (All numbers are unaudited and are presented in thousands, except per share amounts or as otherwise noted) Q1 2023 revenue of $121,236 decreased 8.8% compared to Q1 2022 a decrease of 6.5% on a constant currency basis(1) Revenue performance reflects continued weakness in the dental orthodontics market, partially offset by strong double-digit growth in medical and industrial markets on a constant currency basis Net loss of $29,421, diluted loss per share of $0.23, and diluted non-GAAP loss per share(2) of $0.09 Negative Adjusted EBITDA(2) of $10,094 reflects impacts of lower total sales volume, inflationary...

CrossAmerica Partners LP Reports First Quarter 2023 Results

Written by Customer Service on May 8, 2023. Posted in Earnings Releases And Operating Results.

Allentown, PA, May 08, 2023 (GLOBE NEWSWIRE) — CrossAmerica Partners LP Reports First Quarter 2023 Results Reported First Quarter 2023 Net Loss of $1.0 million, Adjusted EBITDA of $31.7 million and Distributable Cash Flow of $19.1 million Reported First Quarter 2023 Gross Profit for the Wholesale Segment of $31.2 million compared to $30.3 million of Gross Profit for the First Quarter 2022 and First Quarter 2023 Gross Profit for the Retail Segment of $50.8 million compared to $48.5 million of Gross Profit for the First Quarter 2022 Leverage, as defined in the CAPL Credit Facility, was 4.05 times as of March 31, 2023, compared to 4.6 times as of March 31, 2022 On March 31, 2023, CrossAmerica Partners LP entered into an amended and restated five-year Revolving Credit Facility agreement with increased borrowing capacity of $925 million The...

BRT Apartments Corp. Reports First Quarter 2023 Results

Written by Customer Service on May 8, 2023. Posted in Earnings Releases And Operating Results.

Affirms Full Year 2023 Guidance GREAT NECK, N.Y., May 08, 2023 (GLOBE NEWSWIRE) — BRT APARTMENTS CORP. (NYSE: BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures that own multi-family properties, today reported results for the first quarter ended March 31, 2023. Highlights Reported results for the first quarter of 2023 of a net loss of $4.1 million, or $(0.21) per diluted share, Funds from Operations, or FFO, of $0.28 per diluted share and Adjusted Funds from Operations, or AFFO, of $0.36 per diluted share. Equity in earnings of unconsolidated joint ventures was $815,000 in the first quarter of 2023 and $1.2 million for the corresponding 2022 quarter. Combined Portfolio NOI increased 1.0% for the first quarter when compared with the prior-year period; the Company...

AltaLink files application to keep rates flat for a sixth consecutive year

Written by Customer Service on May 8, 2023. Posted in Earnings Releases And Operating Results.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, May 08, 2023 (GLOBE NEWSWIRE) — AltaLink continues to focus on ensuring the affordability and reliability of its transmission service to its millions of Alberta customers. On April 28, AltaLink submitted an application to the Alberta Utilities Commission proposing to extend through 2024 its commitment to keep its transmission rates below 2018 levels. If approved, this would be the sixth consecutive year without an increase from 2018 costs. “The cost of electricity has risen sharply in Alberta during the past two years and residents and businesses are feeling the pressure of that increase,” said Gary Hart, AltaLink President and Chief...

Certara Reports First Quarter 2023 Financial Results

Written by Customer Service on May 8, 2023. Posted in Earnings Releases And Operating Results.

Reiterates 2023 Financial Guidance PRINCETON, N.J., May 08, 2023 (GLOBE NEWSWIRE) — Certara, Inc. (Nasdaq: CERT), a global leader in biosimulation, today reported its financial results for the first quarter of fiscal year 2023. First Quarter Highlights: Revenue was $90.3 million, compared to $81.6 million in the first quarter of 2022, representing growth of 11% over the first quarter of 2022 on a reported basis and 13% at constant currency. Net income was $1.4 million, compared to $2.2 million in the first quarter of 2022, representing a decrease of 39% over the first quarter of 2022. Adjusted EBITDA was $32.3 million, compared to $27.7million in the first quarter of 2022, representing growth of 17% over the first quarter of 2022. Certara was added to the S&P SmallCap 600 Index effective March 22, 2023. “We are pleased with...

NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2023

Written by Customer Service on May 8, 2023. Posted in Earnings Releases And Operating Results.

FARGO, N.D., May 08, 2023 (GLOBE NEWSWIRE) — NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended March 31, 2023. Summary of First Quarter 2023 Results(All comparisons vs. the first quarter of 2022, unless noted otherwise) Direct written premiums of $90.6 million, up 19.9%, driven by Non-Standard Auto up 52.0%, Commercial up 19.9% and Private Passenger Auto up 10.7% Net earned premiums of $77.6 million, up 11.6% Combined ratio of 112.2% versus 91.3%, driven by elevated loss severity and unfavorable prior year reserve development in Non-Standard Auto and Commercial Net investment gain of $1.4 million and net investment income of $2.2 million, driven by improved equity market conditions and higher fixed income reinvestment rates, respectively Loss per share of $0.20 compared to earnings per share of $0.09 The...

MRC Global Announces First Quarter 2023 Results

Written by Customer Service on May 8, 2023. Posted in Earnings Releases And Operating Results.

HOUSTON, May 08, 2023 (GLOBE NEWSWIRE) — MRC Global Inc. (NYSE: MRC), the leading global distributor of pipe, valves, fittings and infrastructure products and services to diversified energy, industrial and gas utilities end-markets, today announced first quarter 2023 results. Net income attributable to common stockholders for the first quarter of 2023 was $28 million, or $0.33 per diluted share, as compared to the first quarter of 2022 net income of $10 million, or $0.12 per diluted share. Adjusted net income attributable to common stockholders for the first quarter of 2023 was $27 million, or $0.32 per diluted share, as compared to the first quarter of 2022 adjusted net income of $15 million, or $0.17 per diluted share. MRC Global’s first quarter 2023 gross profit was $179 million, or 20.2% of sales, as compared to the first quarter 2022 gross...

Shoals Technologies Group, Inc. Reports Financial Results for First Quarter 2023

Written by Customer Service on May 8, 2023. Posted in Earnings Releases And Operating Results.

– Revenue of $105.1 million, up 55% Compared to the Prior Year Period and a Quarterly Record – – System Solutions Revenue of $91.3 million, Nearly Double the Prior Year Period and Representing 87% of First Quarter Revenue – – Gross Margin of 45.9%, Expanding 720 bps Over the Prior Year Period – – Backlog and Awarded Orders of $527.5 million, up 75% Compared to the Prior Year Period – – Raising 2023 Outlook – PORTLAND, Tenn., May 08, 2023 (GLOBE NEWSWIRE) — Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of system (“EBOS”) solutions for solar, battery storage, and electric vehicle charging infrastructure, today announced results for its first quarter ended March 31, 2023. “Shoals had an exceptional first quarter, delivering record revenue and earnings. We grew...

Solid Power, Inc. Announces First Quarter 2023 Financial Results

Written by Customer Service on May 8, 2023. Posted in Earnings Releases And Operating Results.

Financial results and business update call scheduled for 5:00 p.m. ET today LOUISVILLE, Colo., May 08, 2023 (GLOBE NEWSWIRE) — Solid Power, Inc. (Nasdaq: SLDP), a developer of solid state battery technology, today announced its financial results for the first quarter ended March 31, 2023. Recent Business Highlights SP2 electrolyte production facility officially commissioned with powder production beginning in April. EV cell development remains on track for 2023 delivery of A-sample EV cells to partners. Achieved significant progress in 20 Ah manufacturing with improved yields and consistency. “The commissioning of our SP2 electrolyte production facility marked another important step forward on our path towards commercialization,” said Dave Jansen, Interim Chief Executive Officer, President and Chairman of the Board of Solid Power....

Day: May 8, 2023

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