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Day: August 10, 2023

Sienna Senior Living Inc. Reports Strong Second Quarter 2023 Financial Results as Operating Fundamentals Continue to Improve

MARKHAM, Ontario, Aug. 10, 2023 (GLOBE NEWSWIRE) — Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today announced its financial results for the three and six months ended June 30, 2023. The Consolidated Financial Statements and accompanying Management’s Discussion and Analysis (“MD&A”) are available on the Company’s website at www.siennaliving.ca and on SEDAR at www.sedar.com. Sienna’s strong second quarter underscores an improving operating environment in the senior living sector and highlights the significant growth potential in the Company’s business. “Our second quarter results emphasize the strength of our diversified portfolio, which is reflected in the notable improvements of many key performance indicators, including a 9.3% increase in our same property NOI,” said Nitin Jain, President and Chief Executive...

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Wesdome Announces Second Quarter 2023 Financial Results

(All figures are stated in Canadian dollars unless otherwise noted.) TORONTO, Aug. 10, 2023 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX:WDOFF) (“Wesdome” or the “Company”) today announces second quarter (“Q2 2023”) financial results. Management will host a conference call tomorrow, Friday August 11, 2023, at 10:00 a.m. Eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release. Second quarter 2023 highlightsPayable gold production in the second quarter of 2023 was 30,992 ounces at Cash costs per ounce of $1,743 (US$1,298) and all-in sustaining costs (“AISC”) per ounce of $2,238 (US$1,666). These results compared well relative to internal targets for the quarter and reflect consistent performance from Eagle River and the successful ongoing ramp-up of mining...

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Consolidated Water Reports Second Quarter 2023 Revenue up 110% to $44.2 Million and Net Income of $7.3 Million or $0.46 per Diluted Share

GEORGE TOWN, Cayman Islands, Aug. 10, 2023 (GLOBE NEWSWIRE) — Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading developer and operator of advanced water supply and treatment plants, reported results for the second quarter ended June 30, 2023. All comparisons are to the same prior year period unless otherwise noted. The company will hold a conference call at 11:00 a.m. Eastern time tomorrow to discuss the results (see dial-in information below). Second Quarter 2023 Financial HighlightsTotal revenue increased 110% to $44.2 million. Retail revenue increased 16% to $7.6 million. Services revenue increased 377% to $24.1 million, with recurring services revenue generated from operation and maintenance contracts up 11% to $3.9 million. Manufacturing revenue increased to $4.1 million.  Net income from continuing...

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Liberty Gold Reports Q2 2023 Financial and Operating Results

VANCOUVER, British Columbia, Aug. 10, 2023 (GLOBE NEWSWIRE) — Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Company”), is pleased to announce its financial and operating results for the six months ended June 30, 2023. All amounts are presented in United States dollars unless otherwise stated. SECOND QUARTER OF 2023 AND RECENT HIGHLIGHTSAnnounced the appointment of Wendy Louie to the Board and the appointment of Robert Pease as Chairman. Ms. Louie is a Canadian Chartered Professional Accountant (CPA, CA) with over 25 years of diverse financial and leadership experience with a focus on the mining industry. Mr. Pease has been on the board of Liberty Gold since its inception.At the Black Pine project (“Black Pine”), we:Announced a new discovery area “Rangefront South” located approximately two...

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Fat Projects Acquisition Corp Announces Intention to Extend the Deadline to Complete a Business Combination to September 15, 2023

SINGAPORE, Aug. 10, 2023 (GLOBE NEWSWIRE) — Fat Projects Acquisition Corp (NASDAQ: FATPU, FATP, FATPW) (“FATP”), a special purpose acquisition company, announced today that it has notified Continental Stock Transfer and Trust Company that it intends to extend the deadline to complete its initial business combination from August 15, 2023 to September 15, 2023 by depositing $24,279.65 into its Trust Account by August 15, 2023.  This is the fifth of up to nine 1-month extensions that FATP is authorized to obtain under its Amended and Restated Memorandum and Articles of Association, as amended. The extension provides FATP with additional time to complete its initial business combination (the “Business Combination”) with Avanseus Holdings Pte. Ltd., a Singapore private company limited by shares (“Avanseus”). As previously reported,...

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Xcel Brands, Inc. Announces Second Quarter 2023 Results

Successful restructuring plan transforms Xcel Brands into a modern, asset light consumer products and livestream/social commerce platform, realizing $13 million in annualized cost savings. Executed Master licenses for Judith Ripka, Halston and C Wonder brands with Jewelry TV (JTV), G-III Apparel Group and One Jeanswear Group, respectively. Revenues of $6.8 million for the quarter, an increase of $0.7 million (+12.1%) and $2.7 million (+66.8%) as compared to the quarters ended March 31, 2023, and December 31, 2022, respectively. GAAP net loss of $3.5 million for the quarter, compared with GAAP net loss of $5.6 million and $6.0 million in the quarters ended March 31, 2023, and December 31, 2022, respectively. Adjusted EBITDA of ($0.9) million for the quarter, compared with Adjusted EBITDA of ($2.0) million and ($5.9) million in the quarters...

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Team, Inc. Reports Second Quarter 2023 Results

Second Quarter 2023 Revenue Increased $18.0 million or 8.1% Over Second Quarter 2022 Gross Margin Improved by 190 basis points Over Second Quarter 2022 SUGAR LAND, Texas, Aug. 10, 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 second quarter ended June 30, 2023. Second Quarter 2023 Highlights1:Increased revenues to $239.5 million, up 8% over the 2022 second quarter. Improved gross margin to $60.9 million and 25.4% of revenue, up roughly 190 basis points from the 2022 second quarter. Reported net loss of $15.8 million, an improvement of $12.4 million over the 2022...

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Healthcare Triangle Reports Second Quarter 2023 Results

PLEASANTON, Calif., Aug. 10, 2023 (GLOBE NEWSWIRE) — Healthcare Triangle, Inc (Nasdaq: HCTI) (“HCTI” or the “Company”), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, data analytics, and AI data processing for the healthcare and life sciences industries, today announced results for the second quarter of 2023 ended June 30, 2023. Thyagarajan Ramachandran, CFO of Healthcare Triangle, said, “We had a productive quarter focused on marketing and customer acquisition strategies along with platform development initiatives aimed at expanding our revenue streams. Operating margins were resilient within an uncertain macro environment reflecting our continued focus on cost optimization. Our priorities for the second half of 2023 are focused on building traction for key...

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Orchestra BioMed Reports Second Quarter 2023 Financial Results and Provides Business Update

U.S. Food and Drug Administration (“FDA”) granted Investigational Device Exemption (“IDE”) approval with conditions for Virtue SAB® coronary in-stent restenosis (“ISR”) U.S. pivotal study (in collaboration with Terumo Corporation (“Terumo”)); study expected to start before the end of 2023 BackBeat CNT™ global pivotal study in hypertensive pacemaker patients (in collaboration with Medtronic) on track for initiation in the second half of 2023NEW HOPE, Pa., Aug. 10, 2023 (GLOBE NEWSWIRE) — Orchestra BioMed Holdings, Inc. (Nasdaq: OBIO, “Orchestra BioMed” or the “Company”), a biomedical company accelerating high-impact technologies to patients through risk-reward sharing partnerships, today reported its second quarter 2023 financial results and provided a business update. “We are excited about this week’s announcement of...

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Xtant Medical Completes Acquisition of Surgalign’s Hardware and Biologics Business

BELGRADE, Mont., Aug. 10, 2023 (GLOBE NEWSWIRE) — Xtant Medical Holdings, Inc. (NYSE American: XTNT), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, today announced that it completed the acquisition of certain assets and liabilities related to the domestic and international biologics and spinal fixation offerings of Surgalign Holdings, Inc. under a Bankruptcy Court supervised process for $5 million, plus assumed liabilities, in an all-cash transaction. “We are thrilled to add to our growing orthobiologics and spinal fusion device portfolio, while expanding our commercial footprint with new contracts and distributors with the completion of this acquisition,” said Sean Browne, President and Chief Executive Officer of Xtant Medical. “Looking ahead, our focus will be integrating...

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