Month: May 2023

MACAU, May 10, 2023 (GLOBE NEWSWIRE) — Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today reported its unaudited financial results for the first quarter of 2023. Total operating revenues for the first quarter of 2023 were US$716.5 million, representing an increase of approximately 51% from US$474.9 million for the comparable period in 2022. The increase in total operating revenues was primarily attributable to the improved performance in all gaming segments primarily due to the relaxation of COVID-19 related restrictions in Macau during the quarter. Operating income for the first quarter of 2023 was US$0.4 million, compared with operating loss of US$135.9 million in the first quarter of 2022. Melco generated...

DENVER, May 10, 2023 (GLOBE NEWSWIRE) — Assure Holdings Corp. (the “Company” or “Assure”) (NASDAQ: IONM), a provider of intraoperative neuromonitoring (“IONM”) and remote neurology services, today reported its preliminary financial results for the first quarter ended March 31, 2023.Key Financial Highlights (in thousands of USD) 1Q’23 1Q’22Gross Revenue   $ 4,790       $ 9,136  Accounts Receivable Reserve   (1,238 )     (4,435 )Revenue, net   3,552       4,701  Gross margin   179       824  Total Operating Expenses   3,523       4,751  Net loss   (4,314 )     (2,459 )Adjusted EBITDA   (3,087 )     (1,661 )Management Commentary “First quarter 2023 cash receipts increased from the fourth quarter of 2022 and this strength has continued into the second quarter,” said John Farlinger, Assure’s executive...

Reported First Quarter Results Above High End of Guidance Range Delivered Quarterly Revenue of $35.2 Million Expanded Quarterly Gross Margin by 66 Basis Points to 38.3% Year over Year Improved GAAP Net Loss by 35% Year over Year Reaffirms Full Year GuidanceASHBURN, Va., May 10, 2023 (GLOBE NEWSWIRE) — Telos Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, today announced financial results for the first quarter 2023. “We delivered $35.2 million of revenue in the first quarter of 2023 and expanded gross margins 66 basis points to 38.3%. We also reduced our GAAP net loss by 35% to $10.7 million. All metrics exceeded the high end of our guidance range,” said John B. Wood, chairman and CEO, Telos. “As expected, our first quarter...

JOHNS CREEK, Ga., May 10, 2023 (GLOBE NEWSWIRE) — Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare, and e-learning industries today announced the following results for the quarter ended March 31, 2023:Revenues including pre-paid cards declined 4.9% year-over-year(YOY) while Revenues excluding pre-paid cards grew 17.6% YOY. Revenues including pre-paid cards in Q1 2023 were at $242.8 million vs. Q4 2022 Revenues of $255.2 million, on account of lower pre-paid card sales and the traditional Continuing Medical Education business decrease in Q1 after the preceding Q4 upsurge. GAAP operating income of $30.5 million, a sequential increase of 2.4% over Q4 2022 operating income of $29.8 million Non-GAAP operating income of...

Reports 84% increase in gross profit for the first quarter of 2023 ATLANTA, May 10, 2023 (GLOBE NEWSWIRE) — Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced financial results and provided a business update for the first quarter ended March 31, 2023. Mark Duff, President and Chief Executive Officer (CEO) of the Company, commented, “I am pleased to report we achieved a 26.3% increase in revenue and an 83.9% increase in gross profit for the first quarter of 2023, compared to the same period last year. Revenue increased within both our Treatment and Services Segments. We also achieved sequential revenue growth of 20.0% compared to the fourth quarter of 2022, which is significant because the first quarter tends to be a seasonally weaker period. The first quarter progressively improved and we expect...

FLORHAM PARK, N.J., May 10, 2023 (GLOBE NEWSWIRE) — Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT), a biopharmaceutical company focused on developing and commercializing novel treatments for gastrointestinal diseases, today reported financial results for the first quarter of 2023 and provided updates on recent regulatory progress. “This quarter, we made remarkable progress advancing mission-critical priorities that position Phathom to potentially deliver vonoprazan to patients suffering from Erosive GERD and H. pylori infection before year end,” said Terrie Curran, President and Chief Executive Officer of Phathom. “Our ongoing stability program for the minor drug product reformulation continues to demonstrate effective control of the N-nitroso-vonoprazan (NVP) impurity and confirms our confidence that our planned NDA resubmission...

CHICAGO, May 10, 2023 (GLOBE NEWSWIRE) — GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported results for the first quarter ended March 31, 2023. “We feel fortunate that we enjoy great client relationships, are adding value to client portfolios, and are growing, generating cash, paying a healthy safe dividend, and buying back shares,” said Michael Sacks, Chairman and Chief Executive Officer of GCM Grosvenor. “It’s a pretty good picture in a tough environment.” Assets Under ManagementFee-Paying Assets Under Management (“FPAUM”) increased 3% from March 31, 2022 (the “prior year”) to $59.8 billion as of March 31, 2023Private Markets FPAUM increased 12% from the prior year as of March 31, 2023 Absolute Return Strategies FPAUM decreased 9% from the prior year...

MIAMI, May 10, 2023 (GLOBE NEWSWIRE) — Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) today reported first quarter 2023 financial results. All figures are in United States dollars. First Quarter 2023 Financial Results Total operating revenue for Q1 2023 was $32.2 million. This represents an increase of $15.8 million or 96.3% when compared to Q1 2022. In addition, GlobalX operated 3,134 revenue block hours in Q1 2023 representing an 81% increase over the number of block hours operated in Q1 2022. Q1 2023 results on an Adjusted EBITDAR(1) basis were $2.5 million, an Adjusted EBITDA(1) basis of approximately ($2.9) million and Adjusted EPS(1) of $(0.07). The Company’s financial results were negatively impacted by a number of factors, including: (i) accelerated cockpit crew hiring...

First Quarter 2023 Revenue Totaled $11.4 Million, an increase of 12.3% Year-Over-Year First Quarter 2023 Net Income Attributable to Common Stockholders totaled $5.9 Million, Funds From Operations totaled $9.5 Million, and Adjusted Funds From Operations totaled $9.9 Million First Quarter 2023 the Company repurchased 49,307 shares of common stock Conference Call and Webcast Scheduled for May 10, 2023, at 11a.m. Eastern Time NEW CANAAN, Conn., May 10, 2023 (GLOBE NEWSWIRE) — NewLake Capital Partners, Inc. (OCTQX: NLCP) (the “Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced its financial results for the first quarter ended March 31, 2023. Anthony Coniglio, President and Chief Executive Officer, said, “For the first quarter we delivered results in-line with our revenue...

Value-focused growth adds to significant contract cover, interest rate risk fully hedged, sustainable quarterly dividend of $0.375 per common share LONDON, May 10, 2023 (GLOBE NEWSWIRE) —  Global Ship Lease, Inc. (NYSE: GSL) (the “Company”, “Global Ship Lease” or “GSL”), an owner of containerships, announced today its unaudited results for the three months ended March 31, 2023. First Quarter 2023 Highlights – Reported operating revenue of $159.3 million for the first quarter 2023, an increase of 3.7% on operating revenue of $153.6 million for the prior year period. – Reported net income available to common shareholders of $72.2 million for the first quarter of 2023, an increase of 6.5% on net income of $67.8 million for the prior year period. Normalized net income (a non-U.S. GAAP financial measure, described below)...