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Month: July 2023

Baker Hughes Company Announces Second Quarter 2023 Results

Orders of $7.5 billion for the quarter, up 28% year-over-year. Revenue of $6.3 billion for the quarter, up 25% year-over-year. Net income attributable to Baker Hughes Company of $410 million for the quarter, up $1,248 million year-over-year. Adjusted net income (a non-GAAP measure) attributable to Baker Hughes of $395 million for the quarter, up $281 million year-over-year. GAAP diluted earnings per share of $0.40 for the quarter. Adjusted diluted earnings per share (a non-GAAP measure) was $0.39 for the quarter. Adjusted EBITDA (a non-GAAP measure) of $907 million for the quarter, up 39% year-over-year. Cash flows generated from operating activities were $858 million for the quarter. Free cash flow (a non-GAAP measure) for the quarter was $623 million.HOUSTON and LONDON, July 19, 2023 (GLOBE NEWSWIRE) — Baker Hughes Company...

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Nasdaq Reports Second Quarter 2023 Results; Consistent Execution Drives Solid Revenue Growth

NEW YORK, July 19, 2023 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the second quarter of 2023.Second quarter 2023 net revenues1 increased 4% compared to the second quarter of 2022. Solutions businesses2 revenues increased 6% with organic growth3 also at 6%. Annualized Recurring Revenue (ARR)4 increased 6% compared to the second quarter of 2022. Annualized SaaS revenues increased 11% and represented 36% of ARR. Anti-Financial Crime revenue increased 19% compared to the second quarter of 2022. Large financial institutions are accelerating their adoption of Verafin’s fraud detection and anti-money laundering solutions, including the previously announced signing of two Tier 1 clients and two Tier 2 clients in the second quarter. Second quarter 2023 GAAP diluted earnings per share decreased...

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CoreCard Corporation Schedules Second Quarter 2023 Earnings Release and Conference Call

NORCROSS, Ga., July 19, 2023 (GLOBE NEWSWIRE) — CoreCard Corporation (NYSE: CCRD), the leading provider of innovative credit technology solutions and processing services to the financial technology and services market, intends to hold an investor conference call on August 2, 2023, at 11:00 A.M. Eastern Time in conjunction with the company’s earnings release for the quarter ended June 30, 2023. The company plans to issue a press release with the financial results for the period before the market opens on August 2, 2023. Interested investors are invited to attend the conference call by accessing the webcast at https://www.webcast-eqs.com/register/corecard080223/en or by dialing 1-877-407-0890. As part of the conference call CoreCard will be conducting a question-and-answer session where participants are invited to email their questions...

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Dragonfly Energy Completes U.S. Lithium Battery Cell Pilot Line, Begins Manufacturing Anode at Scale Using Patented Dry Deposition Processes

Dragonfly Energy has begun successfully dry depositing anode electrodes using its patented battery manufacturing processes This crucial step deploys patented Dragonfly Energy technology and proves the proprietary processes work at scale, paving a path forward for domestic manufacturing of lithium batteries The patented processes operate within a significantly smaller manufacturing footprint and are chemistry agnostic, allowing for potential wide market expansion by the Company Dragonfly Energy expects to begin cathode production in the third quarter of 2023, with full cells coming off the pilot line by the end of 2023 The pilot line is capable of domestically producing up to 150MWh of LiFePO4 battery cells annually, and production is scalable with additional production linesRENO, Nev., July 19, 2023 (GLOBE NEWSWIRE) — Dragonfly...

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New Sericulture Experts Join Kraig Biocraft Laboratories, Bringing Extensive Experience Supporting Acceleration of Production Ramp-Up

ANN ARBOR, Mich., July 19, 2023 (GLOBE NEWSWIRE) — Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company” or “Kraig Labs”), the biotechnology company focused on the development and commercialization of spider silk, announces today that it has filled two key researcher positions. These new hires hit the ground running with nearly 50 years of combined sericulture experience. The new staff members have been integrated into roles at the intersection of R&D and production to strengthen the transition of new technologies from the lab to the field. The new staff has introduced new egg treatment/hatching protocol systems that could reduce the rearing cycle by up to 40% during scale-up. Once proven, this approach may allow the Company to accelerate the delivery of its four-strain “double hybrid”...

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GeneDx and Prognos Health Announce Strategic Partnership to Help Rare Disease Patients More Rapidly Gain Access to Potential Treatment Options

Partnership allows commercial biopharma companies to leverage real-time data within comprehensive Prognos Marketplace to provide available treatment options for patients NEW YORK and STAMFORD, Conn., July 19, 2023 (GLOBE NEWSWIRE) — GeneDx, a leader in delivering improved health outcomes through genomic and clinical insights, and Prognos Health, the largest real-world integrated data marketplace, today announced a strategic partnership to shorten the treatment odyssey for rare disease patients via real world data. The partnership offers life science companies a comprehensive de-identified dataset specific to rare disease to accelerate access to life saving therapies. Through this partnership, the Prognos Marketplace will integrate GeneDx’s de-identified rare disease data, including regularly updated data as GeneDx continues to...

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Nasdaq Announces Quarterly Dividend of $0.22 Per Share

NEW YORK, July 19, 2023 (GLOBE NEWSWIRE) — The Board of Directors of Nasdaq, Inc. (Nasdaq: NDAQ) has declared a regular quarterly dividend of $0.22 per share on the company’s outstanding common stock. The dividend is payable on September 29, 2023 to shareholders of record at the close of business on September 15, 2023. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. About Nasdaq Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of...

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Face Shield Market Set to Soar Past USD 1.4 Billion by 2030 | Skyquest Technology

The global Face Shield market size is expected to reach USD 1.4 billion by 2030 and exhibit a CAGR of 7.2% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing awareness of face shield benefits in preventing the spread of infectious diseases, growing demand for personal protective equipment (PPE) in healthcare settings, rising adoption of face shields in various industries to ensure worker safety, stringent occupational health and safety regulations mandating the use of protective equipment, the need for additional protection alongside face masks, ease of use and comfort provided by face shields compared to other protective gear, versatility and suitability for a range of applications, such as healthcare, manufacturing, construction, and retail, is fueling the market’s growth. Westford,...

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Steve Madden Announces Second Quarter 2023 Earnings Release Date

LONG ISLAND CITY, N.Y., July 19, 2023 (GLOBE NEWSWIRE) — Steven Madden, Ltd. (NASDAQ: SHOO), a leading designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, today announced that the Company plans to release its second quarter 2023 earnings results on Wednesday, August 2, 2023. Management will host a conference call to review the results at 8:30 a.m. Eastern Time. The dial-in number for financial analysts in North America is (800) 715-9871 and the dial-in number for international financial analysts is (646) 307-1963. To participate, please dial in approximately five minutes before the scheduled time to ensure you are connected prior to the presentation. Employees, the media and the public are invited to listen to the call live at https://edge.media-server.com/mmc/p/oqycft6w. A webcast...

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Tyson Ventures Spotlights Sustainability Entrepreneurs

Tyson Ventures Spotlights Sustainability Entrepreneurs Tyson Foods hosts startup pitch event to support solutions that put waste to workTyson Foods hosts startup pitch event to support solutions that put waste to workSPRINGDALE, Ark., July 19, 2023 (GLOBE NEWSWIRE) — In an effort to continuously scout and support innovative solutions for a more sustainable food system, Tyson Ventures recently hosted its annual pitch event, Tyson Demo Day 2023. Tyson Ventures is the venture capital arm of Tyson Foods (NYSE: TSN) and is now in its second year of hosting the startup-targeted event. Focused on the theme of upcycling, Tyson Demo Day encourages innovators and entrepreneurs worldwide to apply with breakthrough ideas that can help Tyson Foods implement sustainable solutions. “It was inspiring to hear from so many creative entrepreneurs...

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