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Month: May 2023

Cavco industries Reports Fiscal 2023 Fourth Quarter and Year End Results

PHOENIX, May 18, 2023 (GLOBE NEWSWIRE) — Cavco Industries, Inc. (Nasdaq: CVCO) today announced financial results for the fourth quarter and fiscal year ended April 1, 2023. On January 3, 2023, we completed the acquisition of Solitaire Homes, which operates four manufacturing lines and twenty-two retail locations. Since the acquisition date, the results of Solitaire Homes are included in Cavco’s consolidated financial statements. Quarterly HighlightsNet revenue and Net income of $476 million and $47 million, respectively. Solitaire Homes contributed $28 million of Net revenue and had a pre-tax loss of $0.8 million, which includes expected purchase accounting adjustments. Gross profit as a percentage of Net revenue was 25.3% with factory-built housing gross profit as a percentage of Net revenue at 24.4%, down 30 bps and 10...

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Abcourt announces Adjusted Net Earnings of $2.3 million for the Quarter ended March 31, 2023

ROUYN-NORANDA, Quebec, May 18, 2023 (GLOBE NEWSWIRE) — Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX Venture: ABI) announces its results for the three months ended March 31, 2023. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated. Highlights for the Quarter ended March 31, 2023Revenues of $6,230,336 for the quarter ended March 31, 2023, from the sale of gold ounces from the cleaning of the Sleeping Giant processing plant. Earnings of $2,089,828 and adjusted net earnings of $2,336,744, compared to a net loss of $1,342,164 and an adjusted net loss of $918,880 for the same period in 2022. Cost of sales of $2,007,760, compared to $6,333,486 in Q3-2022, a significant decrease explained by the cessation of mining operations at the Elder mine. Gold sales were 2,394 ounces...

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Applied Materials Announces Second Quarter 2023 Results

Revenue $6.63 billion, up 6 percent year over year GAAP operating margin 28.8 percent and non-GAAP operating margin 29.1 percent, both down 1.5 points year over year GAAP EPS $1.86 and non-GAAP EPS $2.00, up 7 percent and 8 percent year over year, respectively Generated $2.29 billion in cash from operationsSANTA CLARA, Calif., May 18, 2023 (GLOBE NEWSWIRE) — Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its second quarter ended April 30, 2023. Second Quarter Results Applied generated revenue of $6.63 billion. On a GAAP basis, the company achieved gross margin of 46.7 percent, operating income of $1.91 billion or 28.8 percent of net sales, and earnings per share (EPS) of $1.86. On a non-GAAP adjusted basis, the company reported gross margin of 46.8 percent, operating income of $1.93 billion or 29.1 percent...

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MedAvail Reports First Quarter 2023 Financial Results

PHOENIX, May 18, 2023 (GLOBE NEWSWIRE) — MedAvail Holdings, Inc. (Nasdaq: MDVL) (“MedAvail”), an innovative pharmacy technology company, today reported financial results for the first quarter ended March 31, 2023. “During the first quarter, we made good progress toward our mission of becoming a leader in the development and manufacture of pharmacy technology solutions in the short time since we announced the sale of certain of our SpotRx assets to CVS in January,” said Mark Doerr, Chief Executive Officer of MedAvail. “Our pipeline continues to grow, representing a mix of both new and existing partners, and we remain on track to achieve our previously stated goal of adding 25 net new dispensing MedCenters to our network this year. At the same time, we have continued to identify cost savings opportunities within our core technology...

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Harbor Custom Development, Inc. Announces Closing of $10 Million Public Offering

TACOMA, Wash., May 18, 2023 (GLOBE NEWSWIRE) — Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), a real estate company involved in all aspects of the land development cycle, today announced the closing of its previously announced public offering of an aggregate of 1,951,218 shares of its common stock (or pre-funded warrants in lieu thereof) and warrants to purchase 1,951,218 shares of common stock, at a combined public offering price of $5.125 per share (or pre-funded warrant in lieu thereof) and accompanying warrant. The warrants have an exercise price of $5.00 per share, are exercisable immediately upon issuance, and expire five years from the date of issuance. H.C. Wainwright & Co. acted as the exclusive placement...

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Vezbi Super App Adds Leadership to AI Division

LOS ANGELES, CA, May 18, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – Vezbi, Inc, a subsidiary of  WPF Holdings, Inc. (OTC PINK:  WPFH), announces the appointment of Robert Stone as its ‘Director of AI and New Technology’. Mr. Stone will guide the launch of the Vezbi AI Marketplace into the Vezbi ecosystem which will bring together all of the various AIs (e.g. ChatGPTs, Bard, etc) into a centralized mobile accessible location. Users will be able to sort, rate & review, and join community discussions. In addition, Mr. Stone will advise and guide the development of Vezbi’s AI Virtual Assistant which will help users manage and organize their digital and real world lives. Vezbi sees the adoption of AI into its ecosystem as the ultimate evolution of the Super App. Robert Stone is an entrepreneur who has advised executives at...

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OpenLocker Announces Launch of the OpenLocker Podcast Network to Connect Fans and Athletes for All of It’s NIL Communities

West Palm Beach, FL., May 18, 2023 (GLOBE NEWSWIRE) — OpenLocker, Inc, a subsidiary of OpenLocker Holdings Inc., (“OpenLocker” or the “Company” OTCQB: OLKR) is pleased to announce the June 1, 2023 launch of the OpenLocker Network, a podcast dedicated to fan engagement and community building. The company will use the digital media platform to distribute exclusive content featuring student-athletes, coaches and college sports analysts covering a variety of topics of interest to OpenLocker communities across the country. Each episode will include conversations with student-athletes and industry thought leaders who will answer questions submitted by fans and also discuss their journey and experiences. The Openlocker Podcast Network will be available on Apple, Spotify and YouTube. OpenLocker has launched fan communities including the...

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Pro Kapital Council approved Consolidated Interim Report for I Quarter and 3 Months of 2023 (Unaudited)

MANAGEMENT REPORT CEO summary Q1 2023 marks as a start of new developments in AS Pro Kapital Grupp. Real estate development In Tallinn, we took the decision to start the final stage of development in Kalaranna 8. This last and final stage consists of 4 residential buildings with 146 apartments and 4 commercial units. What is different this time around is that we decided to proceed the construction without the general contractor. Due to several reasons stemming from the pandemic and the ongoing war, the general contractors’ market still seems to be on shaky ground and it is close to impossible to reach agreements for fixed price. Hence, we decided to split the construction agreement in smaller pieces and the contracting of which, we will manage in house with our highly skilled technical department. At the end of Q1, we initiated a tender...

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Base Carbon Announces First Carbon Credit Issuance and Officer Appointment

TORONTO, May 18, 2023 (GLOBE NEWSWIRE) — Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) (“Base Carbon“, or the “Company“), a financier and developer of emission reduction, removal, and related climate action projects, announced that Verra has issued the first carbon credits (“VCUs”, or “Verified Carbon Units”) generated from the Vietnam Household Devices Project (the “Project”). All financial references are denominated in U.S. dollars, unless otherwise noted. HighlightsFirst issuance totaling 1,020,903 VCUs associated with the cookstove component of the Project. First carbon credits generated from the Project’s water purifiers anticipated to be issued in the near term. Citigroup Global Markets Limited (“Citigroup”) is contracted to purchase the first 7.4 million carbon credits generated from the Project....

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MCI Onehealth Completes $1.5M Debt Financing

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, May 18, 2023 (GLOBE NEWSWIRE) — MCI Onehealth Technologies Inc. (“MCI” or the “Company”) (TSX: DRDR), a clinician-led healthcare technology company focused on increasing access to and quality of healthcare, announced today that it has completed a transaction with The First Canadian Wellness Co. Inc. (the “Lender”), a related party to the Company, to add a new $1,500,000 debt financing facility to the Company’s existing $7,000,000 loan arrangement with the Lender. The details of the financing and the related party aspects of the transaction are set out in the Company’s press release dated April 27, 2023. The Company was and is continuing to face financial challenges and liquidity constraints. While the new financing facility is expected...

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