Month: May 2023

First quarter consolidated EBITDA Margins1 improved 230 basis points YoY to 13.8% Expanded U.S. based freight-brokerage operations to six locations Truck Transportation segment delivered 690 basis point margin expansion and 52% increase in EBITDA1.BOLTON, Ontario, May 15, 2023 (GLOBE NEWSWIRE) — Titanium Transportation Group Inc. (“Titanium” or the “Company”) (TSX:TTNM, OTCQX:TTNMF), a leading provider of transportation and logistics services throughout North America, is pleased to report its financial results for the three-month period ended March 31, 2023. All amounts are in Canadian currency. Q1 2023 Financial Highlights compared with Q1 2022:Consolidated revenue of $106 million, compared to $136 million in Q1 2022 Consolidated EBITDA of $12.6 million, compared to $13.9 million in Q1 2022 Consolidated...

OMAHA, NE, May 15, 2023 (GLOBE NEWSWIRE) — FitLife Brands, Inc. (“FitLife” or the “Company”) (OTC Pink: FTLF), a provider of innovative and proprietary nutritional supplements and wellness products, today announced financial results for the first quarter ended March 31, 2023. Highlights for the first quarter ended March 31, 2023 include:The Company completed the acquisition of Mimi’s Rock Corp (“MRC”) on February 28, 2023.  Total revenue was $10.7 million, an increase of 47.2% compared to the first quarter of 2022.  Without giving effect to the acquisition of MRC (“Legacy FitLife”), Legacy FitLife revenue for the first quarter of 2023 was $8.1 million, an increase of 11.1% compared to the same period last year, driven by a 6.0% increase in wholesale revenue and a 25.6% increase in online revenue.  MRC contributed revenue of $2.6...

VANCOUVER, British Columbia, May 15, 2023 (GLOBE NEWSWIRE) — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) has reported financial and operating results for the first quarter ended March 31, 2023 (“Q1 2023”). HIGHLIGHTS Argentina Caucharí-OlarozMechanical construction completed to target first lithium production in June 2023.With all key systems for the production of first lithium completed, the commissioning team commenced production testing of the purification, carbonation and SX systems. Additional purification processing equipment necessary to achieve battery-quality lithium carbonate is expected to be completed in H2 2023, following the start of pre-commercial production. Ramp up to 40,000 tonnes per annum (“tpa”) of battery-quality lithium carbonate is targeted to be complete in Q1...

MINNEAPOLIS, May 15, 2023 (GLOBE NEWSWIRE) — Autoscope Technologies Corporation (OTCQX: AATC) today announced results for its quarter ended March 31, 2023. First Quarter 2023 Financial SummaryRoyalties were $3.0 million, an increase of 66 percent from the same period in the prior year. Product sales were $0.8 million, a decrease of 15 percent from the same period in the prior year. Operating expenses totaled $2.1 million in the first quarter of 2023, a decrease of 2 percent from the prior year period. There were no capitalized software costs in the first quarter of 2023 compared to $313,000 of capitalized software costs in the prior year period. Net income for the first quarter of 2023 totaled $0.8 million compared to a net income of $17,000 for the same period in the prior year.First-Quarter Results The 2023 first quarter...

TORONTO, May 15, 2023 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today reported its audited consolidated financial results for the first quarter ended March 31, 2023. The Company’s financial results as well as the Management Discussion and Analysis have been filed on SEDAR. All financial figures are in United States dollars (“USD”) unless otherwise indicated. Business Highlights Since 4Q’22 Reported on March 31, 2023:Released “POET Infinity™”, a chiplet-based transmitter platform for 400G, 800G and 1.6T pluggable transceivers and co-packaged optics solutions. Released...

Quarterly Annualized Revenue Quarterly Annualized RevenueAchieved record revenues of $40 million for the first quarter Annualized revenue run rate of $159 million Adjusted EBITDA(1) of $6 Million Strong balance sheet with over $45 million cash and Net current assets of over $72 million NEW YORK, TORONTO, and HERZLIYA, Israel, May 15, 2023 (GLOBE NEWSWIRE) — InterCure Ltd. (NASDAQ: INCR) (TSX: INCR.U) (TASE: INCR) (dba Canndoc)(“InterCure” or the “Company”) is pleased to announce its financial and operating results for the first quarter ended March 31, 2023. All amounts are expressed in New Israeli Shekels (NIS) or Canadian dollars ($), unless otherwise noted. First Quarter 2023 Key Financial & Operating HighlightsQuarterly revenue of $40 million (NIS 106 million), representing 22% growth YoY and up 1% sequentially compared...

LAS VEGAS, May 15, 2023 (GLOBE NEWSWIRE) — Healthy Extracts Inc. (OTCQB: HYEX), a leading developer and distributor of plant-based nutraceutical products for heart and brain health, reported results for the first quarter ended March 31, 2023. All comparisons are to the year-ago period unless otherwise noted. First Quarter Financial HighlightsNet revenue totaled $615,000, up 11%, driven by product line and distribution channel expansion. Increased manufacturing and freight costs resulted in gross margin declining to 45.2% from 58.9% in the year-ago quarter. Gross margins are expected to return to normal levels in the second half of 2023 with the anticipated lowering of these costs. Net loss for the quarter, which was primarily due to costs related to increased manufacturing and freight costs, costs associated with the company’s...

Provides Progress on Previously Announced Cost Reduction Initiatives and Updates Outlook Announces Filing of 2022 Form 10-K and 2023 First Quarter Form 10-Q PARAMOUNT, Calif., May 15, 2023 (GLOBE NEWSWIRE) — Tattooed Chef, Inc. (Nasdaq: TTCF) (“Tattooed Chef” or the “Company”), a leader in plant-based foods, today announced financial results for the first quarter ended March 31, 2023 (“Q1 2023”). The Company also announced that it has filed its Annual Report on Form 10-K for the year ended December 31, 2022 and its Quarterly Report on Form 10-Q for the period ended March 31, 2023 with the Securities and Exchange Commission. The Company also provided an update on its previously announced cost reduction initiatives, current business and operating activities, and outlook. “Our results for Q1 2023 reflect progress towards our previously...