Month: May 2023

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

Written by Customer Service on May 16, 2023. Posted in Earnings Releases And Operating Results.

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...

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

Written by Customer Service on May 16, 2023. Posted in Earnings Releases And Operating Results.

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...

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

Written by Customer Service on May 16, 2023. Posted in Mergers And Acquisitions.

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...

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

Written by Customer Service on May 16, 2023. Posted in Earnings Releases And Operating Results.

• 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...

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

Written by Customer Service on May 16, 2023. Posted in Earnings Releases And Operating Results.

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...

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

Written by Customer Service on May 16, 2023. Posted in Earnings Releases And Operating Results.

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...

NurExone Granted U.S. Patent for Technology and Drug Composition of Exo-PTEN, Designed for Treating Acute Spinal Cord Injuries

Written by Customer Service on May 16, 2023. Posted in Public Companies.

TORONTO and TEL AVIV, Israel, May 16, 2023 (GLOBE NEWSWIRE) — NurExone Biologic Inc. (the “Company” or “NurExone“) (TSXV: NRX) (FSE: J90) (NRX.V), a biopharmaceutical company developing biologically-guided exosome therapy for patients with traumatic spinal cord injuries, announces that the Company has received an issue notification from the United States Patent and Trademark Office (“USPTO”) for U.S. Patent NO. 11,648,260, granted for the period of 20 years from filing date until March 27, 2039. The patent protects NurExone’s Exo-PTEN technology, and its drug composition as well as methods for non-invasive intranasal administration of exosome-based treatment. The Patent is a result of a productive collaboration between the Technion (the Israel Institute of Technology) and Tel Aviv University. Both Technology...

Milestone Scientific Commences Sales of CompuFlo® Epidural Disposables within The Pain and Rehabilitation Medical Group in Torrance, California

Written by Customer Service on May 16, 2023. Posted in Public Companies.

Follows successful evaluation by Dr. Fabian Proano, MD including complex thoracic procedures ROSELAND, N.J., May 16, 2023 (GLOBE NEWSWIRE) — Milestone Scientific Inc. (NYSE:MLSS), a leading developer of computerized drug delivery systems that provide painless and precise injections, today announced that it has commenced sales of CompuFlo® Epidural disposables into The Pain and Rehabilitation Medical Group in Torrance, California. Adoption of the technology by this clinic follows a successful evaluation process by its founder, Dr. Fabian Proano, an interventional pain medicine physician, who is board-certified by the American Board of Anesthesiology in both anesthesiology and pain medicine. Dr. Proano initially conducted eight cases using the CompuFlo Epidural system, in which he reported 100% success. The evaluation included Epidural...

Lincoln Tech Announces Planned Opening of Hunter Training Center at Their Denver, CO Campus

Written by Customer Service on May 16, 2023. Posted in Public Companies.

Collaboration with Hunter Engineering expands career opportunities for students, offers training to local shop techs; Lincoln Tech will become first school nationwide to receive exclusive Hunter heavy-duty truck lift. Parsippany, NJ, May 16, 2023 (GLOBE NEWSWIRE) — Lincoln Educational Services Corporation (NASDAQ: LINC), a national leader in specialized technical training for more than 75 years, has announced a new collaboration with Hunter Engineering, the leading name in the undercar service industry. Lincoln Tech’s Denver campus will become the latest site to house a Hunter Training Center, where students can train directly on patented Hunter equipment. Local repair shops will also have the opportunity to send technicians to Lincoln Tech to take advantage of the equipment at the campus. The Grand Opening of the Hunter Training...

Dorel Industries Inc. Announces Virtual Annual Meeting of Shareholders

Written by Customer Service on May 16, 2023. Posted in Public Companies.

Wednesday, May 24, 2023 at 10:00 A.M. MONTREAL, May 16, 2023 (GLOBE NEWSWIRE) — Shareholders are invited to participate by live audio webcast at https://www.dorel.com/pages/shareholder-information Shareholders will have the ability to interact with Dorel Industries Inc. Senior Management by submitting questions to ir@dorel.com. To be sure your questions are addressed during the Q&A portion of the annual meeting, it is recommended that you submit them no later than 5 p.m. on Friday, May 19, 2023. Dorel Industries Inc. (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel’s strength lies in the diversity, innovation and quality of its products as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi,...

Month: May 2023

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