Month: May 2023

– Combined revenue and government support income increased 199% year-over-year – – Sequential revenue growth of 28% – – Filed 513(g) submission with U.S. FDA for Intelligent Fingerprinting Drug Screening Cartridge – – Granted U.K. patent relating to DSR-Plus Cartridge Reader – – Completion of Milestone 7, key phase of biosensor platform development – NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) — Intelligent Bio Solutions Inc. (“Intelligent Bio Solutions,” “INBS” or the “Company”) (Nasdaq: INBS), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced its financial results for its fiscal third quarter ended March 31, 2023, and provided a business update. “INBS delivered revenue growth during the third quarter and achieved...

Net Sales Grow by 18% in the Quarter, EPS increased $0.27 or $0.16 for the Quarter Gross Profit increase by 40%; Interest expense up $2.2 million WOOD DALE, Ill., May 11, 2023 (GLOBE NEWSWIRE) — Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced first quarter 2023 financial results. First Quarter 2023 Results Net sales increased $17.5 million, or 18%, during the three months ended March 31, 2023 compared to the three months ended March 31, 2022, as a result of a sales increases of $6.4 million and $14.0 million in the power systems and transportation end markets, respectively, partly offset by a decrease of $2.9 million in the industrial end market. Higher power systems end market sales are...

Koss Corporation Releases Third Quarter Results, May 11, 2023 (GLOBE NEWSWIRE) — Koss Corporation (NASDAQ: KOSS) (the “Company”), the U.S. based high-fidelity headphone company, has reported its results for the third quarter ended March 31, 2023. Sales for the third quarter ended March 31, 2023 were $3,369,160, which is a 27.3% decline compared to $4,634,552 for the same period in the prior year. The net loss for the three months was $232,853 compared to net income of $403,204 for the third quarter of the prior year. Basic and diluted loss per common share for the quarter was $0.03 compared to basic and diluted income per common share of $0.04 for the same three-month period one year ago. Sales for the nine months ended March 31, 2023 decreased 25.5% to $9,995,620 from $13,415,506 in the same period last year. The nine-month net...

CALGARY, Alberta, May 11, 2023 (GLOBE NEWSWIRE) — Condor Energies Inc. (“Condor” or the “Company”) (TSX: CDR), a Canadian based energy transition company with activities in Turkiye and Kazakhstan, is pleased to announce the release of its unaudited interim condensed consolidated financial statements for the three months ended March 31, 2023 together with the related management’s discussion and analysis. These documents will be made available under Condor’s profile on SEDAR at www.sedar.com and on the Condor website at www.condorenergies.ca. Readers are invited to review the latest corporate presentation available on the Condor website. All financial amounts in this news release are presented in Canadian dollars, unless otherwise stated. HighlightsThe Company is awaiting final approval from the Government of Kazakhstan for its...

 (in thousands) Q1 2023 Q1 2022 YOYChangeTotal Revenues $ 4,484 $ 4,548 (1.4 %)Operating Income   229   874 (73.8 %)Income Before Provision for Taxes   210   865 (75.7 %)Net Income   159   739 (78.5 %)Gross Billings*   17,587   16,645 5.7 %EBITDA*   262   927 (71.7 %)Adjusted EBITDA*   304   988 (69.2 %)Pre-Corporate EBITDA*   548   1,242 (55.9 %)* Non-GAAP measures referenced are detailed in the disclosures at the end of this release.DALLAS, May 11, 2023 (GLOBE NEWSWIRE) — Wilhelmina International, Inc. (Nasdaq:WHLM) (“Wilhelmina” or the “Company”) today reported revenues of $4.5 million and net income of $0.2 million for the three months ended March 31, 2023, compared to revenues of $4.5 million and net income of $0.7 million for the three months ended March 31,...

Revenue increases 18% year-over-year and Services Revenue grows 37% from Q3 of last year MARKHAM, Ontario, May 11, 2023 (GLOBE NEWSWIRE) — Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) (“Sangoma” or the “Company”), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced its third quarter financial results and unaudited condensed consolidated interim financial statements for the third quarter ended March 31, 2023. Revenue for the third quarter of fiscal 2023 was $62.76 million, an increase from the prior year of 18%.US $000 Q3 FY2023 Q3 FY2022 Change Q2 FY2023 ChangeSales $62,764 $53,366 18% $62,035 1%Gross profit $44,424 $37,201 19% $42,789 4%Operating expenses1 $43,368 $40,137 8% $44,258 (2)%Net loss $(685) $(6,755)   $(2,735)  Net...

HOUSTON, May 11, 2023 (GLOBE NEWSWIRE) — U.S. Energy Corporation (NASDAQ: USEG, “U.S. Energy” or the “Company”), a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today reported financial and operating results for the three months ended March 31, 2023. FIRST QUARTER 2023 HIGHLIGHTSNet daily production of 1,726 barrels of oil equivalent per day (“Boe/d”), a 29% increase over first quarter of 2022 Produced oil volumes of 91,311 barrels, or 59% of total production Adjusted EBITDA of $1.2 million Returned $0.6 million to shareholders through quarterly cash dividend In April 2023, announced $5.0 million share repurchase programMANAGEMENT COMMENTARY “We are pleased with our operational performance in the first quarter and have continued to carry forward the momentum...

Enrollment for HPN217 (BCMA) and HPN328 (DLL3) remain on track, with data updates and selection of recommended Phase 2 doses for both ongoing clinical programs planned in 2023 Five preclinical posters presented at AACR 2023 in April on HPN217, HPN328 and ProTriTAC™ development candidates Following $25 million financing in March, cash and equivalents of $61.4 million expected to fund current operations into second half of 2024 SOUTH SAN FRANCISCO, Calif., May 11, 2023 (GLOBE NEWSWIRE) — Harpoon Therapeutics, Inc. (Nasdaq: HARP), a clinical-stage immuno-oncology company developing novel T cell engagers, today reported financial results for the first quarter ended March 31, 2023 and provided a corporate update. “Harpoon is executing its business plan in 2023 with a strengthened balance sheet, advancing multiple programs based...

First Quarter 2023 Revenue Increased $13.2 million or 7.0% Over First Quarter 2022 Gross Margin Improved by 150 basis points Over First Quarter 2022 SUGAR LAND, Texas, May 11, 2023 (GLOBE NEWSWIRE) — Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported its financial results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights1:Increased first quarter 2023 revenues to $202.3 million, up $13.2 million or 7% over the 2022 first quarter, and up nearly 9% after adjusting for unfavorable foreign currency exchange movement. Improved first quarter 2023 gross margin by 14% to 23.2% of revenue, up 150 basis...