Day: August 21, 2023

SHANGHAI, China, Aug. 21, 2023 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2023, and declared semi-annual dividend. Second Quarter 2023 Business HighlightsAs of June 30, 2023, our platform has connected 153 financial institutional partners and 220.6 million consumers*1 with potential credit needs, cumulatively, an increase of 11.5% from 197.9 million a year ago. Cumulative users with approved credit lines*2 were 47.4 million as of June 30, 2023, an increase of 14.9% from 41.3 million as of June 30, 2022. Cumulative borrowers with successful drawdown, including repeat borrowers was 28.5 million as of June 30, 2023, an increase...

SANTA CLARA, Calif., Aug. 21, 2023 (GLOBE NEWSWIRE) — Agora, Inc. (NASDAQ: API) (the “Company”), a pioneer and leader in real-time engagement technology, today announced its unaudited financial results for the second quarter ended June 30, 2023. “We continued to face a very challenging operating environment this quarter. The Agora business was impacted by the tightening financing conditions of certain customers, while the Shengwang business navigated a slowing economy and fast evolving regulations in certain downstream markets,” said Tony Zhao, founder, chairman and CEO of Agora, Inc. “In light of these challenges, we have taken steps to focus our resources on fewer projects with clear customer value, such as our high-definition video initiative, and target emerging use cases, such as vertical social networks. As a result, our...

Second Quarter 2023 vs. Second Quarter 2022Revenue of $20.5 million compared to $18.9 million; Gross profit of $4.6 million compared to $3.7 million; Gross margin of 22.4% compared to 19.3%; Net income of $1.2 million compared to $0.5 million; Earnings per diluted share of $0.09 compared to $0.04; Cash flow from operations of $0.0 million compared to $0.3 million.Six Months 2023 vs. Six Months 2022Revenue of $42.6 million compared to $39.1 million; Gross profit of $9.3 million compared to $7.1 million; Gross margin of 21.8% compared to 18.2%; Net income of $2.1 million compared to $0.5 million ($1.3 million excluding the first quarter severance accrual of $0.8 million); Earnings per diluted share of $0.17 compared to $0.04 ($0.10 excluding the first quarter severance accrual of $0.06); Cash flow from operations of $0.9 million compared...

WEST PALM BEACH, FL, Aug. 21, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – Ethema Health Corporation (OTCPINK: GRST) (“Ethema”, “GRST” or the “Company”), filed its second quarter 10-Q today and reported strong results for the quarter.   Included in the quarter filing was the accounting for the disposition of the Company’s wholly-owned subsidiary, Cranberry Cove Holdings Ltd. Effective June 30, 2023, Ethema sold its 100% interest in Cranberry Cove Holdings Ltd (“CCH”), a Canadian registered Company, to Leonite Capital, LLC (“Leonite”), the holder of the Series A Preferred Stock in CCH, with a carrying value of $700,000 and Series B Preferred  Stock in Ethema, with a carrying value of $400,000, in exchange for the return of the Series B Preferred Stock and the accrued dividends thereon of $61,184. Due to Leonite’s preferred shareholdings...

BEIJING, Aug. 21, 2023 (GLOBE NEWSWIRE) — ZW Data Action Technologies Inc. (Nasdaq: CNET) (the “Company”), an integrated online advertising, precision marketing, data analytics and other value-added services provider serving enterprise clients, today announced its unaudited financial results for the three and six months ended June 30, 2023. Second Quarter 2023 Financial Results Revenues For the second quarter of 2023, revenues increased by approximately $2.88 million, or 41.4%, to $9.82 million from $6.95 million for the same period last year. The increase in revenues was primarily attributable to the increase in our main stream service revenues, i.e. distribution of the right to use search engine marketing services as a result of the end of the peak infection wave of COVID-19 in the first fiscal quarter of 2023 where...

HOUSTON, Aug. 21, 2023 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the second quarter of 2023. Key HighlightsGenerated second quarter 2023 sales volumes of 14,253 barrels of oil equivalent per day (“Boe/d”) Continued robust production results from our most recent wells Generated net loss of $4.7 million and Adjusted EBITDA of $16.8 million in the second quarter of 2023Management Comments The Company has continued to work with its partner on the previously announced acid gas injection (“AGI”) project and now expects to have the facility online before year end. Additional compression and well work are underway to maximize the expense savings potential of the project once it is fully online. The latest Monument Draw well continues...