Day: May 17, 2023

First Quarter Fiscal 2023 Highlights ❖        Revenue of US$2.7 million, Up 15% Year-over-Year ❖        Free Cash Flow of US$210,000, Significant Year-Over-Year and Quarterly Sequential Increase ❖        Bookings of US$3.2 million, a 28% Increase over Q1’2022 ❖        Backlog of US$4.1 million, a 11% Increase over Q4’2022 ❖        Ended Quarter with Balance Sheet Cash of US$1.3 million, and Remain Debt-Free TSXV: OML OTCQX: OLNCF LOS ANGELES, CALIFORNIA, May 17, 2023 (GLOBE NEWSWIRE) — Omni-Lite Industries Canada Inc. (the “Company” or “Omni-Lite”; TSXV: OML) today reported results for the first quarter Fiscal 2023. Full financial results are available at sedar.com. First Quarter Fiscal 2023 Results Revenue for the first quarter of fiscal 2023 was approximately US$2.7 million, an improvement of 15% as compared to the...

HOUSTON, TX, May 17, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – SMG Industries, Inc. (“SMG” or the “Company”) (OTCQB: SMGI), a growth-oriented transportation services company focused on the domestic infrastructure logistics market, today announced its unaudited consolidated revenues from operations for first quarter ended March 31, 2023, amounting to $20,869,763. This record revenue represents a 29% increase compared to the $16,181,053 reported in the comparable quarter Q1, 2022. The Company achieved positive Adjusted EBITDA, a non-GAAP measure, amounting to $1,083,610, continuing the upward trend resulting from increased revenues and firm pricing during the period. Additional information regarding Adjusted EBITDA, as well as a reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial...

MISSISSAUGA, Ontario, May 17, 2023 (GLOBE NEWSWIRE) — Next Hydrogen Solutions Inc. (the “Company” or “Next Hydrogen”) (TSXV:NXH, OTC:NXHSF), a designer and manufacturer of electrolyzers, is pleased to report its financial results for the fourth quarter and full year ended December 31, 2022. We achieved significant milestones in the fourth quarter including (1) successful delivery of a proof-of-concept system to Hyundai Motor Company, (2) securing $5.1M in government funding support for our second and third generation product lines, (3) assembling a consortium of blue-chip industry partners to support our product launch strategy, (4) commissioning our Factory Acceptance Test, (5) testing 0.6MW and 1.8MW first generation electrolyzers, and (6) proving out the cell performance of our second generation in bench scale units. The focus...

TORTOLA, British Virgin Islands, May 17, 2023 (GLOBE NEWSWIRE) — Orca Energy Group Inc. (“Orca” or the “Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) today announces that it has filed its condensed consolidated interim financial statements and management’s discussion and analysis for the three month periods ended March 31, 2023 (“Q1 2023“) with the Canadian securities regulatory authorities. All amounts are in United States dollars (“$”) unless otherwise stated. Jay Lyons, Chief Executive Officer, commented: “Following a year of considerable production and revenue growth, I am pleased to report that the Company delivered a strong performance in Q1 2023. Due to increased sales in the power sector during the period, gas deliveries were 29% higher year-on-year, with revenues up 11%...

Subscription Revenue grew 18% year over year. Continued improvement of GAAP Operating loss margin to 39% vs 52% last year and Non-GAAP Operating loss margin of 13% vs 33% last year. Improved Net Cash used in operations to $7.5M compared to $18.3M last year and improved Free Cash Flow to negative $8.3M from negative $20.3M last year. WalkMe achieved FedRAMP ready status becoming the first digital adoption platform provider listed on the FedRAMP Marketplace.SAN FRANCISCO, May 17, 2023 (GLOBE NEWSWIRE) — WalkMe Ltd. (NASDAQ:WKME), a leading provider of digital adoption solutions, today announced financial results for its first quarter ended March 31, 2023. “WalkMe delivered solid revenue growth with better than expected operating margin while also pushing innovation and a successful launch of WalkMe Discovery,” said Dan Adika,...