Day: May 11, 2023

At a board meeting on 11 May 2023, the Board of Directors and the CEO approved the interim financial statements of the Kvika banki hf. (“Kvika”) group for the period 1 January to 31 March 2023. Highlights of the Interim Financial Statements for the First Three Months of 2023Pre-tax profit amounted to ISK 1,412 million Pre-tax return on tangible equity was 13.1% Earnings per share for the period were ISK 0.24 Total assets amounted to ISK 313 billion The group’s equity amounted to ISK 80 billion Dividend payment of ISK 1.9 billion approved by AGM in March The solvency ratio of the financial conglomerate was 1.34 and its capital adequacy ratio (CAR) for operations excluding insurance was 23.6% Total liquidity coverage ratio (LCR) was 327% Assets under management were ISK 466 billionA presentation for shareholders and market participants...

SALT LAKE CITY, Utah, May 11, 2023 (GLOBE NEWSWIRE) — Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced preliminary results of the shareholder vote at its annual meeting, which was held today in Salt Lake City, Utah. Verizon’s shareholders elected each of Verizon’s 12 directors to a one-year term. Shareholders also voted in favor of three management proposals:Approved the compensation of the company’s named executive officers as described in the 2023 proxy statement; Agreed with the Board recommendation that future advisory votes on executive compensation be held annually; and Ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm.All five shareholder proposals were defeated: report on government requests to remove content; prohibit political contributions;...

NAPERVILLE, Ill., May 11, 2023 (GLOBE NEWSWIRE) — Track Group, Inc. (OTCQX: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its fiscal quarter ended March 31, 2023 (“Q2 FY23”). In Q2 FY23, the Company posted (i) total revenue of $8.3 Million (“M”), a decrease of approximately 12% over total revenue of $9.5M for the quarter ended March 31, 2022 (“Q2 FY22”); (ii) Q2 FY23 operating loss of ($0.9M) compared to Q2 FY22 operating income of $0.0M; and (iii) net loss attributable to common shareholders of ($1.5M) in Q2 FY23 compared to a net income attributable to common shareholders of $0.5M in Q2 FY22. “While we celebrated a number of new contracts in Q2, the quarter ended March 31, 2023, was challenging as some of our larger programs, which increased use during the pandemic,...

Recognises 358% Year on Year Revenue Growth for 1Q 2023 Gross Margin Increases to 33.5% in 1Q 2023 from 25.5% in 4Q 2022 NEW YORK, NY, May 11, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – Society Pass Inc. (Nasdaq: SOPA) (“SoPa”), Southeast Asia (SEA)’s next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces unaudited financial results for first quarter ended 31 March 2023 and a filing of its 1Q 2023 Form 10-Q with the Securities and Exchange Commission (SEC). Click Here (on SEC website) to view 1Q 2023 Form 10-Q filing. Summary Points:• 1Q 2023 revenues grew 358% year on year (from $445,090 in 1Q 2022 to $2,042,580 in 1Q 2023). • 1Q 2023 digital advertising revenues totaled $1,283,774, up from $0 in 1Q 2022. • 1Q 2023 travel platform revenues totaled $486,707, up from $0 in 1Q 2022. • 1Q 2023 gross...

HAUPPAUGE, N.Y., May 11, 2023 (GLOBE NEWSWIRE) — United-Guardian, Inc. (NASDAQ:UG) today announced financial results for the first quarter of fiscal year 2023, which ended on March 31, 2023. Net sales decreased 34% compared to the prior year’s first quarter, decreasing from $3,892,358 to $2,570,324. Net income for the quarter decreased by 17% from $911,465 ($0.20 per share) in 2022 to $756,081 ($0.16 per share) this year. Beatriz Blanco, President of United-Guardian, stated, “The first quarter results reflect the world’s current stagnating and challenging economic environment. The sales decrease was primarily attributable to a decrease in sales of the Company’s cosmetic ingredients and medical lubricants, which was partially offset by an increase in sales of the Company’s pharmaceutical and industrial products. Our main distributor...

[INVNT GROUP] The Global BrandStory Project The leading agency portfolio of complementary global brand storytelling disciplines, continues its explosive growth trajectory and worldwide expansion, reporting a top line revenue of $142 Million in 2022, up over 132% year-over-year (YOY).New York, NY, May 11, 2023 (GLOBE NEWSWIRE) — [INVNT GROUP] THE GLOBAL BRANDSTORY PROJECT™ and leading agency portfolio of complementary brand storytelling disciplines, continues its explosive growth trajectory and worldwide expansion, reporting a top line revenue of $142 Million in 2022, up over 132% year-over-year (YOY). Led by Scott Cullather, President & CEO of [INVNT GROUP] and CEO of INVNT.ATOM, the group represents a growing portfolio of innovative complementary disciplines designed to help forward-thinking brands everywhere,...