Day: May 10, 2023

$87 Million Revenue, With Growth Of 37% Year-Over-Year.Adjusted EBITDA In Line With Expectations.Insurance Carrier Top Decile 2022 Combined Loss Ratio and Growth Performance. SEATTLE, May 10, 2023 (GLOBE NEWSWIRE) — Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today reported first-quarter results for the Company as of March 31, 2023, with total revenue of $87.4 million, which increased 37% compared to $63.6 million in the first quarter of 2022. CEO Summary“I am excited by the transformational year before us. Already in 2023 Porch Group has filed an application for a Reciprocal Exchange to move our insurance business forward and raised $333 million with a new convertible note alongside other key operational successes....

TUCSON, Ariz., May 10, 2023 (GLOBE NEWSWIRE) — HTG Molecular Diagnostics, Inc. (Nasdaq: HTGM) (HTG), a platform-based life science tools and drug discovery company, today reported financial results for the quarter ended March 31, 2023 and provided recent drug discovery business highlights. HTG has pioneered a proprietary platform-based approach that is designed to help improve drug discovery, referred to as transcriptome-informed drug discovery and design. At the center of this approach is the application of HTG’s proprietary RNA profiling technologies, functionally married with advanced medicinal chemistry using a novel artificial intelligence (“AI”)-driven platform. This unique drug candidate optimization platform is expected to allow for more biologically-relevant insight into drug candidate selection and design much earlier...

Revenues and Adjusted EBITDA Revenues and Adjusted EBITDAAdjusted Net Earnings and Free Cash Flow TTM Adjusted Net Earnings and Free Cash Flow TTMSugar Volume Variance and Sugar Volumes Sugar Volume Variance and Sugar VolumesSugar Volume Variance and Sugar Volumes Sugar Volume Variance and Sugar VolumesAdjusted Gross Margin Adjusted Gross MarginMaple Volumes and Adjusted Gross Margin Maple Volumes and Adjusted Gross MarginFree Cash Flow Free Cash FlowVANCOUVER, British Columbia, May 10, 2023 (GLOBE NEWSWIRE) — Rogers Sugar Inc. (“our,” “we”, “us” or “Rogers”) (TSX: RSI) today reported second quarter fiscal 2023 results with consolidated adjusted EBITDA of $25.0 million and $58.5 million for the current quarter and the first six months of the year, respectively. “Canada’s favourable sugar dynamics and continued...

TORONTO, May 10, 2023 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or the “REIT”) (TSX: ERE.UN) announced today its results for the three months ended March 31, 2023. ERES’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2023 can be found at www.eresreit.com or under ERES’s profile at www.sedar.com. FIRST QUARTER SNAPSHOTGrowth in Occupied Average Monthly Rents (“AMR”) of 6% from the prior year period on both the total and same property portfolioIncrease in Net Operating Income (“NOI”) of 9% compared to the prior year period, with 5% growth on the same property portfolioStrong occupancy level for residential properties...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, May 10, 2023 (GLOBE NEWSWIRE) — Helios Fairfax Partners Corporation (TSX: HFPC.U) today announced its financial results for the three months ended March 31, 2023. All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are derived from the interim consolidated financial statements prepared using International Financial Reporting Standards, except as otherwise noted. Management Commentary “The HFP team made significant progress monetizing Legacy Non-Core Investments in the first quarter of 2023, realizing of $28 million in proceeds from two Legacy Non-Core Investments. As of March 31, 2023, HFP had approximately $118 million in Insured and Guaranteed and Other Legacy Non-Core...

Q1 2023 HighlightsNet revenue of $1.2 billion, an increase of 17.0% over Q1 2022 Adjusted diluted EPS1 of $0.73, up 19.7% over Q1 2022 Backlog of $6.2 billion, up 5.6% since December 31, 2022 and 14.8% over Q1 2022 Full year guidance for 2023 reaffirmedEDMONTON. Alberta and NEW YORK, May 10, 2023 (GLOBE NEWSWIRE) — Stantec (TSX, NYSE:STN), a global leader in sustainable design and engineering, today reported its results for the three month period ended March 31, 2023. Stantec generated net revenue of $1.2 billion in the first quarter of 2023 on the strength of 12.2% organic growth1 and 1.4% acquisition growth1. Every regional and business operating unit delivered organic net revenue growth in the first quarter, with notable organic growth achieved in Water (24.4%), Energy & Resources (15.9%) and Buildings (11.4%). Adjusted...

Revenues of $ 5.4 million WALTHAM, MA , May 10, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – Tecogen Inc. (OTCQX:TGEN), a leading manufacturer of clean energy products, reported revenues of $5.4 million and net loss of $1.5 million for the quarter ended March 31, 2023 compared to revenues of $7.4 million, and a net profit of $0.1 million in 2022. We used $0.3 million in cash from operations during the quarter and ended the quarter with a cash balance of $1.6 million. “Although we saw revenue decline towards the end of 2022, in Q1 2023 we saw revenue increase 35% compared to Q4 2022. Our sales pipeline for products is expanding so we are optimistic of continued and sustained improvements to the top line. In the past month, we have added significantly to recurring service revenues as a result of the Aegis service transaction...

VANCOUVER, British Columbia, May 10, 2023 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce its financial results for the three months ended March 31, 2023 (“Q1 2023”). Q1 2023 HighlightsRevenue of $12.3 million, up 26.7% compared to the three months ended March 31, 2022 (“Q1 2022”). Adjusted revenue1 of $13.6 million, up 23.9% compared to Q1 2022. Distributable cash1 of $8.8 million, up 22.6% compared to Q1 2022. Payout ratio1 of 96.1% based on dividends of $0.06 per share for the quarter compared to 93.6% in Q1 2022 based on dividends of $0.055 per share for the comparable quarter.First Quarter Results Three Months ended March 31,(000’s)   2023     2022Mr. Lube $ 5,754   $ 4,809Stratusa   2,034     –Nurse Next Door   1,297     1,272Oxford   1,207     1,030Mr....

MONTREAL, May 10, 2023 (GLOBE NEWSWIRE) — WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”) today announced financial and operating results for the first quarter ended on April 1, 2023. WSP reports a strong start to 2023, with higher-than-expected organic growth in net revenues and adjusted EBITDA in the first quarter. Overall net revenues, adjusted EBITDA and adjusted net earnings each increased by more than 25% relative to the first quarter of 2022. FIRST QUARTER OF 2023 FINANCIAL HIGHLIGHTSRevenues and net revenues reached $3.49 billion and $2.67 billion, up 28.7% and 27.0%, respectively, compared to the first quarter of 2022. The increase in net revenue was principally due to acquisition growth of 15.8% and organic growth of 8.6%. Organic growth was achieved across all reportable segments. Backlog as at April 1, 2023...