Day: May 9, 2023

Delivered Total and Net Investment Income of $39.3 and $18.2 Million, Respectively Increased Core Leverage Ratio of Portfolio to 104% Investment Portfolio of $1.1 Billion Conference Call Today, Tuesday, May 9 at 5:00 p.m. ET WOODSIDE, Calif., May 09, 2023 (GLOBE NEWSWIRE) — Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced its financial results for the first quarter ended March 31, 2023. First Quarter 2023 HighlightsTotal investment income of $39.3 million Net investment income of $18.2 million, or $0.45 per share Net asset value of $14.07 per share Dollar-weighted annualized yield on debt investments of 15.2% for the quarter Seven investments completed in...

NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) — Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended March 31, 2023. FINANCIAL RESULTSAll amounts in $000’s except per share amounts (on weighted average basis for period numbers) Quarter Ended Quarter Ended Quarter EndedMarch 31, 2023 December 31, 2022 March 31, 2022       Net Investment Income (“NII”) $102,180 $106,704 $87,005Basic NII per Common Share(1) $0.21 $0.23 $0.20Interest as % of Total Investment Income 92.1% 89.6% 78.5%Basic NII Coverage of Distributions to Common Shareholders 117% 128% 111%Annualized Basic NII Return on Common NAV 8.9% 9.3% 7.4%       Net Income (Loss) Applicable to Common Shareholders $(108,947) $55,623 $157,157Basic Net Income (Loss) per...

First Quarter ResultsTotal revenues of $43.6 million, an 11% year-over-year increase and an 8% increase compared to the fourth quarter of 2022 Net loss of $(15.0) million and loss per share of $(6.10), compared to a net loss of $(1.5) million and a loss per share of $(0.64) in the first quarter of 2022 Adjusted net income of $1.2 million, a $3.0 million improvement from the first quarter of 2022, resulting in adjusted earnings per diluted share of $0.50 Adjusted EBITDA of $4.9 million, an increase of $2.6 million from the first quarter of 2022 $13.6 million in cash and $8.4 million of total debt as of March 31, 2023HOUSTON, May 09, 2023 (GLOBE NEWSWIRE) — NCS Multistage Holdings, Inc. (Nasdaq: NCSM) (the “Company,” “NCS,” “we” or “us”), a leading provider of highly engineered products and support services that facilitate the...

HOUSTON, May 09, 2023 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) today announced its first quarter 2023 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov. The company will hold a conference call to discuss the results on Wednesday, May 10, 2023, at 1 p.m. Eastern/12 p.m. Central. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. Participants may pre-register for the conference call at https://dpregister.com/sreg/10176614/f8939f3814. A recording of the webcast will be posted on the Investor Relations section of the company’s...

TULSA, Okla., May 09, 2023 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today reported its first-quarter 2023 financial and operating results. Supplemental slides have been posted to the Company’s website and can be found at www.vitalenergy.com. A conference call and webcast to discuss the results is planned for 7:30 a.m. CT, Wednesday, May 10, 2023. Participation details can be found within this release. HighlightsReported 1Q-23 oil and total production that exceeded the high-end of Company guidance, producing 38.5 thousand barrels of oil per day (“MBO/d”) and 80.4 thousand barrels of oil equivalent per day (“MBOE/d”) Reported 1Q-23 incurred capital expenditures below the low-end of guidance, investing $188 million, excluding non-budgeted...

Pre-Tax Income of $23.1 millionFirst Quarter Gross Loss Ratio Improved to 33.6% from 40.6%Greenleaf Sells Two Properties for a Gain of $8.9 Million TAMPA, Fla., May 09, 2023 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, reported net income of $17.8 million, or $1.54 diluted earnings per share in the first quarter of 2023, compared with net income of $2.8 million, or $0.09 diluted earnings per share, in the first quarter of 2022. Adjusted net income (a non-GAAP measure which excludes net unrealized gains or losses on equity securities) for the first quarter of 2023 was $17.4 million, or $1.50 diluted earnings per share, compared with adjusted net income of $5.5 million, or $0.34 diluted earnings per share, in...

Company reaffirms fiscal 2023 revenue, Adjusted EBITDA, and delivery outlook Strong order intake with backlog extending into 2024 CHICAGO, May 09, 2023 (GLOBE NEWSWIRE) — FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer of railroad freight cars, today reported results for the first quarter ended March 31, 2023. First Quarter 2023 HighlightsRevenues of $81.0 million on deliveries of 738 railcars, compared to revenues of $129.0 million on deliveries of 1,150 railcars in the prior quarter and revenues of $93.2 million on deliveries of 783 railcars in the first quarter of 2022 Gross margin of 9.2% with gross profit of $7.5 million, compared to gross margin of 3.6% with gross profit of $4.6 million in the prior quarter and gross margin of 10.8% with gross profit of $10.1 million...

– Q2 GAAP EPS $0.69 – Adjusted EPS $0.76 – Q2 Sales increase 12% to $229 Million – $252 Million in Q2 Orders – Book-to-bill of 1.10x – St. Louis, May 09, 2023 (GLOBE NEWSWIRE) — ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today reported its operating results for the second quarter ended March 31, 2023 (Q2 2023). Operating HighlightsQ2 2023 GAAP EPS increased 8 percent to $0.69 per share compared to $0.64 per share in Q2 2022.   Q2 2023 Adjusted EPS increased 17 percent to $0.76 per share compared to $0.65 per share in Q2 2022. Q2 2023 Sales increased $24.2 million (11.8 percent) to $229.1 million compared to $204.9 million in Q2 2022. Q2 2023 Entered Orders increased $15.1 million (6 percent) over the prior year period to $251.6 million (book-to-bill of 1.10x), resulting in record...

– Continued progress in Phase 1 dose escalation for CX-904 (EGFRxCD3) –                         – IND enabling activities on track for filings for CX-2051 (EpCAM-directed ADC) and CX-801 (Interferon alpha-2b) in the second half of 2023 – – Bristol Myers Squibb advances Anti-CTLA-4 non-fucosylated Probody®, BMS-986288, from Phase 1 to Phase 2 clinical evaluation as lead, next-generation CTLA-4 program – – CD71 strategy under evaluation including potential further advancement of CX-2029 and next generation CD71 targeting strategies – – Continued progress in strategic alliances including a $5 million clinical candidate milestone in Probody® T-Cell Bispecific collaboration with Astellas and initiation of Regeneron and Moderna collaborations – – Marcia Belvin, Ph.D. promoted...

Exceeds Q1 2023 guidance targets, while executing Strategic Transformation plan SAN FRANCISCO, May 09, 2023 (GLOBE NEWSWIRE) — Allbirds, Inc. (NASDAQ: BIRD), a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, today reported financial results for the first quarter ended March 31, 2023. Q1 2023 OverviewNet revenue decreased 13.4% to $54.4 million compared to 2022 and increased 9.5% compared to 2021 Net loss of $35.2 million, or $0.23 per basic and diluted share Adjusted EBITDA1 loss of $21.7 million Announced M0.0NSHOT, a project to create the world’s first net zero carbon shoe Significant improvement in Q1 cash usage, down 50.6% compared to Q1 2022 In April 2023, extended and upsized undrawn revolver with JP Morgan“Our teams are executing well...