Month: May 2023

Electronic Data Interchange Software Market Size to Surpass USD 4.52 Billion by 2030, exhibiting a CAGR of 12.5%

Written by Customer Service on May 10, 2023. Posted in Mergers And Acquisitions.

As per the report by Fortune Business Insights, the global electronic data interchange software market size is projected to reach USD 4.52 billion in 2030, at a CAGR of 12.5% during the forecast period, 2023-2030 Pune, India, May 10, 2023 (GLOBE NEWSWIRE) — According to Fortune Business Insights, global electronic data interchange software market size was valued at USD 1.78 billion in 2022 and is projected to grow from USD 1.98 billion in 2023 to USD 4.52 billion by 2030, exhibiting a CAGR of 12.5% during the forecast period. Market growth is attributable to the increasing inclination of large enterprises toward in-house processing to accelerate process automation and digital transformation. Fortune Business Insights presents this information in its report titled “Electronic Data Interchange (EDI) Software Market Forecast,...

Franchise Group, Inc. Announces First Quarter Fiscal Year 2023 Financial Results

Written by Customer Service on May 10, 2023. Posted in Earnings Releases And Operating Results.

DELAWARE, Ohio, May 10, 2023 (GLOBE NEWSWIRE) — Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group,” “FRG” or the “Company”) today announced the financial results for its fiscal first quarter ended April 1, 2023. For the first quarter of fiscal 2023, total reported revenue for Franchise Group was approximately $1.1 billion, net loss from operations was approximately $108.3 million or $3.16 per fully diluted share, Adjusted EBITDA was approximately $66.0 million and Non-GAAP EPS was $0.11 per share. On April 1, 2023, total cash on hand was approximately $98.3 million and outstanding term debt was approximately $1.4 billion. The Board of Directors approved a quarterly dividend of $0.46875 per share to the Company’s Series A Cumulative Perpetual Preferred stockholders. The cash dividend will be paid on or about July 17, 2023...

Franchise Group, Inc. Announces Definitive Agreement to Be Acquired by a Consortium Led by Management Group

Written by Customer Service on May 10, 2023. Posted in Mergers And Acquisitions.

Franchise Group Common Stockholders to Receive $30.00 per Share in Cash Transaction Implies 31.9% Premium Over the Unaffected Stock Price Prior to Announcement on March 20, 2023 of Receipt of Unsolicited Third Party Proposal Transaction Includes a 30 day Go Shop Provision to Solicit Superior Proposals DELAWARE, Ohio, May 10, 2023 (GLOBE NEWSWIRE) — Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”), today announced that it has entered into a definitive agreement and plan of merger (the “Merger Agreement”) pursuant to which members of the senior management team of Franchise Group led by Brian Kahn, the Company’s Chief Executive Officer, (collectively with affiliates and related parties of the senior management team, the “Management Group”), in financial partnership with a consortium that includes B. Riley Financial,...

Emerging Markets Report: A Golden Acquisition

Written by Customer Service on May 10, 2023. Posted in Mergers And Acquisitions.

An Emerging Markets News Commentary ORLANDO, Fla., May 10, 2023 (GLOBE NEWSWIRE) — Last month, we introduced you to Golden Independence Mining Corp. (CSE: IGLD, OTCQB: GIDMF, FRA: 6NNA) (the “Company” or “Golden Independence”), a development company currently focused on the development-stage Independence Project located adjacent to Nevada Gold Mine’s Phoenix-Fortitude mine in the Battle Mountain-Cortez Trend of Nevada in addition to the Napoleon Gold Project located in the Kamloops Mining Division of BC. Since then, the Company announced it has acquired a portfolio of quartz mining claims located in the eastern Yukon (collectively, the “Yukon Claims“) previously held by Bearing Lithium Corp. (“Bearing“). This is a major accomplishment for the company, Jeremy Poirier, CEO of Golden Independence, explained, due to the “number of...

Syneos Health Reports First Quarter 2023 Results

Written by Customer Service on May 10, 2023. Posted in Earnings Releases And Operating Results.

Revenue for the first quarter of $1,356.8 million increased 1.5% on a reported basis and increased 2.4% on a constant currency basis year-over-year. Clinical Solutions net new business awards and book-to-bill ratios:Including reimbursable out-of-pocket expenses, $713.6 million for the first quarter, a year-over-year decline of 42.5% and abook-to-bill ratio of 0.70x, and $2,313.3 million for the trailing twelve months, a year-over-year decline of 47.3% and a book-to-bill ratio of 0.57x. Excluding reimbursable out-of-pocket expenses, $529.1 million for the first quarter, a year-over-year decline of 42.0% and abook-to-bill ratio of 0.78x, and $1,764.9 million for the trailing twelve months, a year-over-year decline of 52.9% and a book-to-bill ratio of 0.63x.Commercial Solutions net new business awards and book-to-bill ratios:Including...

Vertex Announces First Quarter 2023 Financial Results

Written by Customer Service on May 10, 2023. Posted in Earnings Releases And Operating Results.

KING OF PRUSSIA, Pa., May 10, 2023 (GLOBE NEWSWIRE) — Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced financial results for its first quarter ended March 31, 2023. David DeStefano, President, Chief Executive Officer, and Chairperson of the Board stated “Companies all around the world are struggling with the complexity of indirect taxes, and Vertex continues to differentiate itself as the provider of choice in the tax automation space, especially with large enterprises. In the first quarter we delivered solid revenue growth and profitability, but we also saw very strong momentum on the go-to-market front and landed several large new deals with high profile customers. As a result, we are pleased with the first quarter results, and we are very excited about...

Vishay Intertechnology Reports First Quarter 2023 Results

Written by Customer Service on May 10, 2023. Posted in Earnings Releases And Operating Results.

MALVERN, Pa., May 10, 2023 (GLOBE NEWSWIRE) — Vishay Intertechnology, Inc., (NYSE: VSH), one of the world’s largest manufacturers of discrete semiconductors and passive electronic components, today announced results for the fiscal first quarter ended April 1, 2023. Highlights1Q 2023 revenues of $871.0 million 1Q 2023 EPS of $0.79 1Q 2023 book-to-bill of 0.84 Backlog at quarter end was 7.5 months YTD 2023 total stockholder return of $34.2 million Extension of $750 million revolving credit facility to May 2028“Driven by sales increases in medical and aerospace/defense along with continued strong demand in automotive, for the first quarter we delivered revenue growth of 2.0% year over year and 1.8% quarter over quarter. We also increased investments in capacity expansion for our 30 key product lines in support of high growth...

Kornit Digital Reports First Quarter 2023 Results

Written by Customer Service on May 10, 2023. Posted in Earnings Releases And Operating Results.

First quarter revenues of $47.8 million, in line with prior guidance First quarter GAAP net loss of $18.9 million; non-GAAP net loss of $13.4 million MAX upgrades drive strong quarter for Services Double-digit year-over-year impressions growth from several strategic customers New Atlas MAX Poly and Direct-to-Fabric customers added in key textile regions Set to showcase new break-through solutions at June ITMA tradeshow in Milan, ItalyROSH-HA`AYIN, Israel, May 10, 2023 (GLOBE NEWSWIRE) — Kornit Digital Ltd. (“Kornit” or “the Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, reported today its results for the first quarter ended March 31, 2023. “Promising indicators emerged during the first quarter in certain parts of our business, despite the persistent...

Xometry Reports First Quarter 2023 Results

Written by Customer Service on May 10, 2023. Posted in Earnings Releases And Operating Results.

Q1 revenue increased 26% year-over-year driven by stronger-than-expected marketplace growth of 35% year-over-year. Marketplace revenue up 10% quarter-over-quarter Q1 gross profit increased 20% year-over-year driven by 41% growth in marketplace gross profit. Marketplace gross profit up 16% quarter-over-quarter Q1 Adjusted EBITDA loss of $11.8 million, a $2.5 million quarter-over-quarter improvement driven by higher revenue and gross profit, partly offset by approximately $0.8 million in incremental non-recurring accounting and legal costs associated with Sarbanes-Oxley Act implementation. Expect improved operating leverage through 2023 Expect Q2 revenue growth of 14%-16% year-over-year to $109-$111 million, driven by healthy marketplace growth Early positive results from our 5-point strategic plan with increasing focus on our top 200...

iTeos Reports First Quarter 2023 Financial Results and Provides Business Updates

Written by Customer Service on May 10, 2023. Posted in Earnings Releases And Operating Results.

– Belrestotug, formerly EOS-448, is advancing through multiple late-stage clinical trials including both doublet and triplet regimens – First-in-class program targeting a new mechanism of action in the adenosine pathway, EOS-984, is expected to enter clinical studies mid-year – Cash balance and investment balance of $706.6MM as of March 31, 2023, expected to provide runway into 2026 through a number of impactful milestones across portfolio WATERTOWN, Mass. and GOSSELIES, Belgium, May 10, 2023 (GLOBE NEWSWIRE) — iTeos Therapeutics, Inc. (Nasdaq: ITOS), a clinical-stage biopharmaceutical company pioneering the discovery and development of a new generation of immuno-oncology therapeutics for patients, today reported financial results for the first quarter ended March 31, 2023 and provided business updates on belrestotug, its anti-TIGIT...

Month: May 2023

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