Day: August 14, 2023

Near Intelligence Announces Second Quarter 2023 Financial Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Q2 2023 revenue of $17.7 million, up 19% year-over-year and within the guidance range PASADENA, Calif., Aug. 14, 2023 (GLOBE NEWSWIRE) — Near Intelligence, Inc. (Nasdaq: NIR) (“Near,” “we,” “our,” or the “Company”), a global leader in privacy-led data intelligence on people and places, today announced financial results for the second quarter ended June 30, 2023. “In the second quarter of 2023, Near successfully implemented our go-to-market strategy, acquiring new clients across various regions and enhancing our offerings for existing customers. As anticipated, our year-over-year revenue growth was 19%, which is within the guidance range, and for the remainder of the year our focus will be on sustainable growth with a strong focus on getting to profitability on an operational basis” said Anil Mathews, CEO of Near. “I believe that...

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TransCode Therapeutics Reports Second Quarter 2023 Results; Provides Business Update

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BOSTON, Aug. 14, 2023 (GLOBE NEWSWIRE) — TransCode Therapeutics, Inc. (NASDAQ: RNAZ), the RNA oncology company committed to more effectively treating cancer using RNA therapeutics, today reported financial results for the second quarter ended June 30, 2023, and recent business progress. “We continued to advance our therapeutic programs during the second quarter with the primary focus on our lead therapeutic candidate, an RNA targeted therapy for treatment of metastatic disease,” said Michael Dudley, co-founder, president and CEO of TransCode. “We are excited to dose our first patients in our planned Phase 0 clinical trial with TTX-MC138 in cancer patients with advanced solid tumors for which enrollment has commenced. In addition, we successfully closed a funding round of $7M through a registered direct offering in June.” “We continued...

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Eos Energy Enterprises Reports Second Quarter 2023 Financial Results

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Company begins Eos Z3 battery module and Eos cube commercial manufacturing ramp EDISON, N.J., Aug. 14, 2023 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced financial results for the second quarter ended June 30, 2023. Key Highlights $0.2 million of revenue, compared to $5.9 million in 2Q 2022, as the Company strategically transitions manufacturing to the Eos Z3™ energy storage system. Cost of Goods Sold of $11.2 million, a 69% decrease compared to 2Q 2022, driven by a decrease in volume partially offset by commissioning related expenses. $23.6 million in operating expenses, an 11% decrease compared to 2Q 2022, primarily driven by reduced professional...

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Enthusiast Gaming Reports Second Quarter 2023 Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Strategic Focus On Cross-Platform Offerings and Brand Solutions Driving Improved Revenue Mix and Higher Gross Margins Year-over-Year LOS ANGELES, Aug. 14, 2023 (GLOBE NEWSWIRE) — Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ: EGLX; TSX: EGLX), a leading gaming media and entertainment company, today announced financial results for the three and six months ended June 30, 2023 (“Q2 2023”). Q2 2023 Financial Highlights Revenue was $42.6 million in Q2 2023 compared to $51.1 million in Q2 2022. The decrease was concentrated in low-margin revenue streams, reflecting the lower CPMs in the programmatic ad market and the strategic focus on higher margin revenue. Gross profit was $15.0 million, with margins expanding 520 basis points year-over-year to 35.2%. Brand Solutions revenue of $8.7 million and subscription...

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IZEA Reports Q2 2023 Revenue of $10.7 million

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

ORLANDO, Fla., Aug. 14, 2023 (GLOBE NEWSWIRE) — IZEA Worldwide, Inc. (NASDAQ: IZEA), a premier provider of influencer marketing technology, data, and services for the world’s leading brands, reported its financial and operational results for the second quarter ended June 30, 2023. Q2 2023 Financial Summary Compared to Q2 2022 Total revenue decreased 15% to $10.7 million, compared to $12.6 million Total costs and expenses decreased 5.0% to $12.4 million, compared to $13.0 million Net loss was $1.0 million, compared to a net loss of $0.2 million Adjusted EBITDA* for the quarter was $(0.6) million, compared to $0.3 million Cash, cash equivalents and investments at June 30, 2023 totaled $65.1 million with no long-term debt Q2 2023 Operational Highlights Launched FormAI in the IZEA Marketplace and completed the transition of creators...

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How Will the Ventricular Assist Devices Market Transform Itself into a USD 3.30 Billion Powerhouse by 2032?

Written by Customer Service on . Posted in Mergers And Acquisitions.

Increasing prevalence of cardiac disorders and heart failure is one of the major factors driving Ventricular Assist Devices market revenue growth. Vancouver, Aug. 14, 2023 (GLOBE NEWSWIRE) — Emergen research is one of the pioneers in providing strategic insights for emerging and disruptive technologies which are supposed to show exponential growth in the near future., has released a report that delves deep into the dynamic landscape of the Ventricular Assist Devices Market. A Ventricular Assist Device (VAD) is a mechanical pump that is implanted in the chest or abdomen and is designed to assist the weakened or failing heart in pumping blood throughout the body. It is used as a treatment option for individuals with severe heart failure or other cardiac conditions that significantly compromise the heart’s ability to pump blood...

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Power Solutions International Announces Second Quarter 2023 Financial Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Gross Profit increased by 47%, EPS increased $0.22 or $0.28 for the Quarter,Operating Cash Flows increased $34.4 million; Debt decreased $20.7 million WOOD DALE, Ill., Aug. 14, 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 second quarter 2023 financial results. Second Quarter 2023 Results Sales for the second quarter of 2023 were $121.9 million, an increase of $1.4 million, or 1%, compared to the second quarter of 2022, as a result of sales increases of $7.5 million and $6.8 million in the power systems and transportation end markets, respectively, partially offset by a decrease of $12.9 million in the industrial end market. Higher power systems end market sales...

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Friedman Industries, Incorporated Announces First Quarter Results and Provides Near-Term Outlook

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

LONGVIEW, Texas, Aug. 14, 2023 (GLOBE NEWSWIRE) — Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the quarter ended June 30, 2023. June 30, 2023 Quarter Highlights: Net earnings of approximately $7.7 million Sales of approximately $137.3 million 23% increase in sales volume over prior year quarter volume Working capital balance at quarter-end of approximately $113.1 million “Our first quarter results are a great start to fiscal year 2024 as we strive to deliver record earnings for a third year in a row,” said Michael J. Taylor, President and Chief Executive Officer. “Our team did a good job of evaluating and responding to market conditions during the first quarter. As fiscal 2024 continues, we are focused on maximizing sales volume on our existing assets while also evaluating...

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AgileThought Reports Second Quarter 2023 Financial Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Continued Progress Towards Long-Term Goals IRVING, Texas, Aug. 14, 2023 (GLOBE NEWSWIRE) — AgileThought, Inc. (“AgileThought” or the “Company”) (NASDAQ: AGIL), a global provider of digital transformation services, custom software development, and next generation technologies, today reported results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights and Results: Revenue was $38.3 million, down 17.0% year over year from $46.2 million in Q2 2022 and down 8.4% sequentially from $41.8 million in Q1 2023, as the company continues to exit non-core revenues, and also witnessed some market volatility since mid-March. Gross margin of 32.1% decreased 266 bps year-over-year from 34.7% in Q2 2022, and decreased 363 bps sequentially from 35.7% in Q1 2023. Four new clients added during the quarter. “I am proud of our...

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Trust Stamp Reports Financial Results for the quarter and period ended June 30, 2023 and Provides Business Update

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

ATLANTA, Aug. 14, 2023 (GLOBE NEWSWIRE) — Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company™ providing AI-powered trust and identity services used globally across multiple sectors, announced financial results and provided a business update for the quarter and period ended June 30, 2023 (“Q2 2023”). Trust Stamp Chief Executive Officer Gareth N. Genner commented: “I am very pleased to report the progress made during this quarter and year to date. Our team has executed effectively across all of our objectives including raising equity capital to strengthen our balance sheet, achieving impressive growth in our customer base, expanding our intellectual property portfolio, and the recruitment of accomplished sales leadership for our SaaS rollout; all while substantially cutting our operating costs and thereby reducing...

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