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Day: May 16, 2023

DSS, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023

ROCHESTER, N.Y., May 16, 2023 (GLOBE NEWSWIRE) — DSS, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational company operating nine business divisions through strategic acquisitions and development to build shareholder value through periodic spinoffs, announced today its financial results for the First Quarter, 2023. Selected Financial HighlightsPremier Packaging revenue increased 72% – Revenue from sales of printed products increased 72% during the 3 months ended March 31, 2023, as compared to March 31, 2022. The revenue from printed products in March 2023 was $6,130,000 compared to $3,569,000 in March 2022. Improvement of our operating loss – The operating loss for March 31, 2023, was $5,580,000 as compared to $7,319,000 for March 2022. Operating loss decreased 24% in 1Q2023. Cost of revenue decreased – The...

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Vehicle Telematics Market Size [2022-2029] worth USD 213.67 billion by 2029 | Exhibiting CAGR of 16.6%

Vehicle Telematics Market to Surge Considerably; Rising Consumer Demand and Awareness for Automotive Telematics Solutions to Foster Industry Growth: Fortune Business Insights™ Pune, India, May 16, 2023 (GLOBE NEWSWIRE) — The global vehicle telematics market size was valued at USD 64.93 billion in 2021 and reached USD 72.78 billion in 2022. The market is expected to reach USD 213.67 billion by 2029, exhibiting a CAGR of 16.6% during the forecast period. Furthermore, increased fuel efficiency, rising consumer demand, and awareness of automotive telematics solutions boost the market growth. Fortune Business Insights™ provides this information in its report titled “Vehicle Telematics Market, 2022-2029 KEY INDUSTRY DEVELOPMENTS: December 2021- Zonar announced its Light Duty Telematics Control Unit (TCU) in partnership...

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Iceland Seafood International hf: Q1 2023 results and investors meeting

Iceland Seafood will publish its Interim Financial Statement for Q1 2023 after closing of markets on May 17th 2023. The same day at 4.15pm, the company will host a meeting for investors and market participants, where management will present and discuss the results. The meeting will be held at the company‘s premises at Köllunarklettsvegur 2, 104 Reykjavík. The meeting will also be webcasted live in Icelandic, participants to the online meeting can send questions in writing prior and during the meeting to the email investors@icelandseafood.com.  See link to the webcast below.   https://vimeo.com/event/3401613/embed/675ea70904

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CPP Announces Acquisition of Ellicott Park Townhomes in Buffalo, New York

Planned renovation of 220 units marks CPP’s fourth investment in upstate New YorkEllicott Park Townhomes Ellicott Park TownhomesBUFFALO, N.Y., May 16, 2023 (GLOBE NEWSWIRE) — CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, today announced the closing of Ellicott Park Townhomes. The 8.9-acre property consists of two non-contiguous parcels and is located at 10 Durham Court in downtown Buffalo, a few blocks from the main business district. CPP’s total development investment is expected to be approximately $54.7M, with a total investment in renovations of $14.2M. Renovations are expected to be completed in Spring 2023. CPP plans to ensure a minimal impact on residents during the renovations. The restoration of Ellicott Park Townhomes will preserve 220 total family units encompassing...

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Ispire Technology Inc. Reports Financial Results for the Third Quarter 2023

Revenue Increased 26.9% to $24.1 Million; Gross Profit Increased 51.9% to $4.5 Million; Net Loss of $3.3 Million for the Quarter, up from a $1.0 Million Net Loss in the Third Quarter 2022 Issues Fourth Quarter 2023 Outlook for Cannabis Vaping Products, Representing Growth of 58% to 98% LOS ANGELES, May 16, 2023 (GLOBE NEWSWIRE) — Ispire Technology Inc. (NASDAQ: ISPR) (“Ispire” or the “Company”), a leader in vapor technology, providing high-quality, innovative products with first-class performance, today reported financial results for the third quarter of 2023, which ended on March 31, 2023, and filed its quarterly report on Form 10-Q on May 15, 2023. The Company’s fiscal year is the year ending on June 30, 2023. “We are very pleased with our financial results during our third quarter. Revenue growth was a robust 26.9% while gross...

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Euroseas Ltd. Reports Results for the Quarter Ended March 31, 2023 and Declares Quarterly Common Stock Dividend

ATHENS, Greece, May 16, 2023 (GLOBE NEWSWIRE) — Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three-month period ended March 31, 2023 and declared a common stock dividend. First Quarter 2023 Financial Highlights:Total net revenues of $41.9 million. Net income of $28.8 million or $4.11 and $4.10 earnings per share basic and diluted, respectively. Adjusted net income1 for the period was $21.7 million or $3.10 and $3.09 per share basic and diluted, respectively. Adjusted EBITDA1 was $26.0 million. An average of 17.1 vessels were owned and operated during the first quarter of 2023 earning an average time charter equivalent rate of $29,231 per day. Refer to a subsequent...

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Cargo Shipping Market Size to Grow Worth 13.19 Billion Tons by 2028 | Exhibiting CAGR of 2.5%

Cargo Shipping Market to Grow Exponentially; Rising Demand for Import and Export of Manufactured Goods to Foster Market Development: Fortune Business Insights™ Pune, India, May 16, 2023 (GLOBE NEWSWIRE) — The global cargo shipping market size was valued at 10.85 billion tons in 2020.  The market is estimated to grow from 11.09 billion tons in 2021 to 13.19 billion tons by 2028, exhibiting a CAGR of 2.5% during the forecast period. Rising demand for export and import of manufactured goods and strict emission norms is expected to boost industry growth. Fortune Business Insights™ mentions this information in its report titled “Cargo Shipping Market, 2021-2028.” Cargo shipping is used to transport cargo and goods from cargo ships, vessels, and others. The rising demand for import and export activities is expected to boost...

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Innovative Food Holdings, Inc. Reports Financial Results for First Quarter of 2023

•  First-quarter total revenue up 8.6% year-over-year to a first quarter record of $17.0 million•  Specialty foodservice increased 19.6% year-over-year to a first quarter record of $13.8 million•  First-quarter profitability impacted by $1.9 million of one-time severance expenses BONITA SPRINGS, Fla., May 16, 2023 (GLOBE NEWSWIRE) — Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to professional and home chefs, today reported its financial results for the first quarter of 2023. “I am pleased with the strong start to the year as we achieved record first-quarter revenue. The reopening of restaurants, hotels, and other travel related foodservice customers post-COVID has continued to provide us with a tailwind, enabling us to serve our customers and drive our business...

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Oxford Lane Capital Corp. Announces Net Asset Value and Selected Financial Results for the Fourth Fiscal Quarter and Declaration of Distributions on Common Stock for the Months Ending July, August, and September 2023

GREENWICH, Conn., May 16, 2023 (GLOBE NEWSWIRE) — Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (“Oxford Lane,” the “Company,” “we,” “us” or “our”) announced today the following financial results and related information: On May 10, 2023, our Board of Directors declared the following distributions on our common stock, representing an increase of 6.7% from our previous monthly distribution rate:Month Ending Record Date Payment Date Amount Per ShareJuly 31, 2023 July 17, 2023 July 31, 2023 $0.08August 31, 2023 August 17, 2023 August 31, 2023 $0.08September 30, 2023 September 15, 2023 September 29, 2023 $0.08Net asset value (“NAV”) per share as of March 31, 2023 stood at $4.61, compared with a NAV per share on...

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Multi Ways Holdings Limited Delivers Fiscal Year 2022 Revenue of $38.4 Million, Up 15% Year-over-Year, Driven by Greater Local Demand in Singapore

Files 2022 Annual Report on Form 20-F NEW YORK, May 16, 2023 (GLOBE NEWSWIRE) — Multi Ways Holdings Limited (“Multi Ways” or the “Company”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today reported its audited results for the fiscal year ended December 31, 2022. Financial HighlightsRevenues increased 15% to approximately $38.4 million Gross profit was approximately $9.7 million, with a 25.4% profit margin Net income of approximately $1 millionFull Year 2022 Financial ResultsTotal revenue increased by approximately $5 million or 15% to approximately $38.4 million for the fiscal year ended December 31, 2022 from approximately $33.4 million for the fiscal year ended December 31, 2021. The increase was due to the increased...

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