Day: May 18, 2023

Reiterates 2023 Guidance: Revenue up 59%-74% to $43 million-$47 million, Driving Positive Operating Income, Cash Flow and Adjusted EBITDA BATAVIA, Ill., May 18, 2023 (GLOBE NEWSWIRE) — High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity and technology enablement, reported results for the three months ended March 31, 2023. All comparisons are to the same year-ago period unless otherwise noted. On March 8, 2023, High Wire announced the sale of its legacy staffing business. The following financial results are provided on a pro forma basis that excludes this divested business and provides only the results from the company’s continuing managed cybersecurity and technology enablement business. GAAP results for the first quarter of 2023 can be found at www.sec.gov in the company’s quarterly report...

Net revenues for the first quarter of 2023 increased by 71.2% year-over-year to RMB774 million (US$113 million), compared with RMB452 million for the same period of 2022.Net income for the first quarter of 2023 was RMB18 million (US$3 million), compared with RMB7 million for the same period of 2022. Adjusted net income (non-GAAP)1, which excluded share-based compensation expenses from net income, for the first quarter of 2023 increased by 2114.3% to RMB160 million (US$23 million), compared with RMB7 million for the same period of 2022.EBITDA (non-GAAP)2 for the first quarter of 2023 was RMB90 million (US$13 million). Adjusted EBITDA (non-GAAP)3, which excluded share-based compensation expenses from EBITDA, for the first quarter of 2023 increased by 584.8% to RMB231 million (US$34 million), compared with RMB34 million for the same...

Exceeds First Quarter Earnings Per Share Guidance and Increases Earnings Per Share Outlook for the Full-Year 2023 COLUMBUS, Ohio, May 18, 2023 (GLOBE NEWSWIRE) — Bath & Body Works, Inc. (NYSE: BBWI) today reported first quarter 2023 results. Gina Boswell, CEO of Bath & Body Works, commented, “We delivered first quarter sales in line with our expectations while our EPS was better than anticipated as we saw benefits from our work to improve merchandise margin as well as early benefits from our cost optimization initiatives. I want to thank our team for their continued dedication and efforts in delivering innovation and newness to our customers as well as leveraging the agility of our vertically integrated supply chain to meet demand and capture market opportunities. In addition, we maintained our intense focus on efficiency...

Revenues for the first quarter of 2023 increased by approximately 3% to a record-breaking first quarter result of $142.4 million, compared to $138.7 million in the same period of the previous year OR YEHUDA, Israel, May 18, 2023 (GLOBE NEWSWIRE) — Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the first quarter ended March 31, 2023. Summary Results for the First Quarter 2023 (USD in millions, except per share data)  GAAP           Non-GAAP          Q1 2023     Q1 2022     %Change     Q1 2023     Q1 2022     %Change  Revenues $ 142.4     $ 138.7     2.7 %   $ 142.4     $ 138.7     2.7 %Gross Profit $ 38.9     $ 37.6     3.5 %   $ 40.1     $ 38.9     3.1 %Gross...