Day: May 8, 2023

DALLAS, May 08, 2023 (GLOBE NEWSWIRE) — DZS (Nasdaq: DZSI), a global leader of access, optical and cloud-controlled software defined solutions, today announced financial results for its first quarter ended March 31, 2023. “Q1 revenue of $91 million resulted in an 18% increase year-over-year and 23% increase on a constant currency basis. While near-term macroeconomic conditions, slower than expected government disbursements, and timing with certain deployment schedules are impacting maximum growth potential, DZS continues to make encouraging progress in positioning the company to benefit from what will be a long-term secular growth trend,” said Charlie Vogt, President and CEO of DZS. “While we remain relentlessly focused on our customers and prospective customers, balancing our near-term investments to deliver revenue growth, gross...

TULSA, Okla., May 08, 2023 (GLOBE NEWSWIRE) — Matrix Service Company (Nasdaq: MTRX), through its subsidiaries, is a leading North American industrial engineering, construction, and maintenance contractor headquartered in Tulsa, Oklahoma with offices located throughout the United States and Canada, as well as Sydney, Australia and Seoul, South Korea. Key highlights:Project awards of $308.7 million produced a book-to-bill of 1.7 for the quarter; year-to-date awards of $862.0 million produced a book-to-bill of 1.5 Backlog increased by 12% to $832.4 million compared to the second quarter of fiscal 2023, up 41% since the beginning of the fiscal year Third quarter revenue of $186.9 million, an increase of 6% compared to the third quarter of fiscal 2022 Loss per share of $0.47; adjusted loss per share of $0.33(1) Adjusted EBITDA loss...

– Total Net Sales of $130.8 Million versus $143.6 million in Prior Year First Quarter –– Net Income of $0.9 Million versus $5.2 Million in Prior Year First Quarter –– EBITDA of $6.9 Million versus $10.0 Million in Prior Year First Quarter –– Board of Directors Approved $0.14 Dividend for Next Quarterly Payment –– Reaffirms Full-Year Guidance – ST. PETERSBURG, Fla., May 08, 2023 (GLOBE NEWSWIRE) — Superior Group of Companies, Inc. (NASDAQ: SGC) (the “Company”), today announced its first quarter 2023 results. First Quarter Results For the first quarter of 2023, net sales of $130.8 million compared to first quarter 2022 net sales of $143.6 million. Net income of $0.9 million or $0.06 per diluted share compared to $5.2 million or $0.32 per diluted share, respectively, in the first quarter of 2022. “We’ve kicked off 2023 as expected...

First quarter 2023 performance exceeds guidance; Raising 2023 guidance First Quarter 2023 Financial Highlights:Net Revenues of $1,431 million for the first quarter of 2023 were down 4% compared to $1,495 million in the first quarter of 2022 and down 3% compared to $1,476 million in the fourth quarter of 2022. Net Loss of $133 million for the first quarter of 2023 compared to $43 million of net income in the first quarter of 2022 and $27 million of net income in the fourth quarter of 2022. Adjusted EBITDA1 of $189 million for the first quarter of 2023 increased 4% compared to $182 million in the first quarter of 2022 and increased 13% compared to $167 million in the fourth quarter of 2022. Diluted loss per share of $0.76 for the first quarter of 2023 compared to diluted earnings per share of $0.24 in the first quarter of 2022 and diluted...

– Generated Sequential, Monthly Performance Improvements in 2023 – – Resumed Operations at Magic Valley, Idaho Plant in April 2023 – – Expects Positive Adjusted EBITDA in Q2 2023 – PEKIN, Ill., May 08, 2023 (GLOBE NEWSWIRE) — Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols and essential ingredients, reported its financial results for the quarter ended March 31, 2023. “In 2023, we continue to make good progress executing our transformative capital initiatives to drive our EBITDA expansion goals, and we are also pleased that current market improvements are positively impacting our business,” said Mike Kandris, CEO of Alto Ingredients. “Since December 2022, the market environment has improved sequentially each month. For the month of March, we generated...

OKLAHOMA CITY, May 08, 2023 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the first-quarter 2023. The company also declared its quarterly dividend and expanded its stock-repurchase program. Devon’s earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com. The company’s first-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Tuesday, May 9, 2023, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined...

Q1 2023 revenue $21.4 million, 27% y/y growth Reiterating FY 2023 revenue guidance range of $95-98 million MARLBOROUGH, Mass., May 08, 2023 (GLOBE NEWSWIRE) — Akoya Biosciences, Inc. (Nasdaq: AKYA) (“Akoya”), The Spatial Biology Company®, today announced its financial results for the first quarter ending March 31, 2023. “Akoya started the year strong, highlighted by record quarterly revenue and our 1000th spatial instrument placement in April, the largest installed base in the rapidly growing spatial biology industry,” said Brian McKelligon, Chief Executive Officer, Akoya Biosciences. “We continue to see robust growth and rising interest in our platforms across the discovery, translational, and clinical markets, as well as strong traction with our new product offerings. Our targeted investments in product development, commercial...

Third quarter SaaS and support revenue of $66.1 million, up 33% year-over-year Third quarter total revenue of $92.0 million, up 32% year-over-year Cloud annual recurring revenue (ARR) of $206.3 million, up 40% year-over-yearPALO ALTO, Calif., May 08, 2023 (GLOBE NEWSWIRE) — Intapp, Inc. (NASDAQ: INTA), a leading provider of cloud software for the global professional and financial services industry, announced its financial results for the third quarter of fiscal year 2023 ended March 31, 2023. Intapp also provided its outlook for the fourth quarter and full fiscal year of 2023. “We are pleased to report another quarter of strong results as professional and financial services firms continue to embrace our purpose-built cloud solutions,” said John Hall, CEO of Intapp. “Our third quarter results and steady demand for our technology...

First Quarter Revenue Increased 23% Year-Over-Year MINNEAPOLIS, May 08, 2023 (GLOBE NEWSWIRE) — Tactile Systems Technology, Inc. (“Tactile Medical”; the “Company”) (Nasdaq: TCMD), a medical technology company providing therapies for people with chronic disorders, today reported financial results for the first quarter ended March 31, 2023. First Quarter 2023 Summary:Total revenue increased 23% year-over-year to $58.8 millionLymphedema products revenue increased 22% year-over-year Airway clearance products revenue increased 24% year-over-yearOperating loss of $3.8 million versus $14.9 million in Q1 2022Non-GAAP operating loss of $2.2 million versus $5.4 million in Q1 2022Net loss of $1.9 million versus $15.6 million in Q1 2022 Adjusted EBITDA of $0.5 million versus a $2.6 million loss in Q1 2022First Quarter 2023 Highlights:...

First Quarter 2023 Highlights:Revenues of $153.5 million, compared with $156.4 million in the same period last year GAAP net income of $8.7 million, or $0.17 per diluted share, compared with $13.3 million, or $0.24 per diluted share in the same period last year Non-GAAP net income of $16.9 million, or $0.30 per diluted share, compared with $21.7 million, or $0.38 per diluted share in the same period last yearPLAINVIEW, N.Y., May 08, 2023 (GLOBE NEWSWIRE) — Veeco Instruments Inc. (Nasdaq: VECO) today announced financial results for its first quarter ended March 31, 2023. Results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”) and are also reported adjusting for certain items (“Non-GAAP”). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release.U.S....