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Day: August 29, 2023

NowVertical Group Reports Record Q2 2023, Strong Financial Results Ahead of Expectations

Q2 2023 Revenue was $15.5 million, an increase of 102% over Q2 2022 Q2 2023 Gross Profit was $6.3 million, an increase of 98% over Q2 2022 Q2 2023 Gain from Operations was $0.05 million, an increase of 102% over Q2 2022 Q2 2023 Adjusted EBITDA was $1.28 million1, an increase of 305% over Q2 2022TORONTO, Aug. 29, 2023 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSX-V: NOW) (OTCQB: NOWVF) (“NOW” or the “Company the vertical intelligence (VI) software and solutions company, today announces its financial results for the three and six months ended June 30, 2023. “The team at NOW has achieved a remarkable set of milestones in our effort to being a global leader in AI Solutions for industry and government. Our second quarter showcased a 102% revenue growth (YoY) to $15.5 million, with strong Gross Profits ($6.3 million, +98% YoY) and...

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Edge Total Intelligence Inc. Reports Second Quarter 2023 and Consolidated 2023 Results

ARLINGTON, Va., Aug. 29, 2023 (GLOBE NEWSWIRE) — Edge Total Intelligence Inc. (TSXV: CTRL, OTC: UNFYF, FSE: Q5i)(“edgeTI”, “we”, “our” or the “Company”), a leader in real-time digital operations, announces operating and consolidated results for the second quarter 2023 (“Q2-2023”). Financial information is expressed in United States (US) dollars unless otherwise indicated. The Company’s related financials and management discussion and analysis for the second quarter 2023 are posted on its profile on SEDAR+ (www.sedar.com) and OTC Markets. Selected Financial Details for Q2-2023 and Six Month Ended ResultsSubscription revenue grew 10% to $894,732 for Q2-2023 from $814,749 the quarter ending June 30, 2022 (“Q2-2022”) as six months ended subscription revenue reached $1,808,864. Total revenue decreased 6% to $894,732 for Q2-2023 from...

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LexinFintech Holdings Ltd. Reports Second Quarter 2023 Unaudited Financial Results

Vintage Charge Off CurveVintage Charge Off CurveDpd30+/GMV by Performance WindowsDpd30+/GMV by Performance WindowsFirst Payment Default 30+First Payment Default 30+SHENZHEN, China, Aug. 29, 2023 (GLOBE NEWSWIRE) — LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading technology-empowered personal financial service enabler in China, today announced its unaudited financial results for the quarter ended June 30, 2023. “Total loan origination for the second quarter of 2023 reached RMB63.9 billion, beating the high end of our guidance which is RMB63.5 billion, representing a year-over-year growth of 30.1%. Total outstanding loan balance reached RMB114 billion with an increase of 31.8% year-over-year,” said Jay Wenjie Xiao, chairman and chief executive officer of Lexin. “In this increasingly...

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JOYY Reports Second Quarter 2023 Unaudited Financial Results

SINGAPORE, Aug. 30, 2023 (GLOBE NEWSWIRE) — JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company,” formerly known as YY Inc.), a global technology company, today announced its unaudited financial results for the second quarter of 2023. Second Quarter 2023 Financial Highlights1Net revenues were US$547.3 million, compared to US$596.1 million in the corresponding period of 2022. Net income attributable to controlling interest of JOYY2 was US$155.1 million, compared to US$18.7 million in the corresponding period of 2022. Non-GAAP net income attributable to controlling interest and common shareholders of JOYY3 was US$97.3 million, compared to US$51.5 million in the corresponding period of 2022.Second Quarter 2023 Operational HighlightsAverage mobile MAUs of Bigo Live increased by 18.0% to 38.5 million from 32.6 million in the corresponding...

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Rod Little Joins Victoria’s Secret and Co. Board of Directors

REYNOLDSBURG, Ohio, Aug. 29, 2023 (GLOBE NEWSWIRE) — Victoria’s Secret & Co. (“Victoria’s Secret” or the “Company”) (NYSE: VSCO) announced today that Rod Little has been appointed to its Board. Mr. Little is a transformational leader in the consumer products industry. He currently serves as Chief Executive Officer of Edgewell Personal Care where he is leading the business to become a more agile and modern consumer products company with a focus on technology and innovation. Donna James, Chair of the Board, said, “We are honored to welcome Rod to the VS&Co Board of Directors. His decades of financial, global consumer goods and public company experience will benefit VS&Co as we continue to advance the Company’s strategy and deliver value to Victoria’s Secret shareholders. We look forward to Rod’s insight and expertise...

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HII is Awarded DDG 1000 Modernization Contract

USS Zumwalt (DDG 1000) Arrival at Ingalls – August 2023USS Zumwalt (DDG 1000) preparing to dock at Ingalls Shipbuilding on Aug. 19, 2023.PASCAGOULA, Miss., Aug. 29, 2023 (GLOBE NEWSWIRE) — HII’s (NYSE: HII) Ingalls Shipbuilding division was awarded a $154.8 million contract modification today for the modernization of USS Zumwalt (DDG 1000). “It is an honor to serve the sailors of Zumwalt and to welcome them to our community,” said Ingalls Shipbuilding DDG 1000 ship construction manager Bruce Knowles. “The Ingalls team is ready to support you in completing this important work.” USS Zumwalt (DDG 1000) arrived in Pascagoula on Aug. 19 after leaving San Diego earlier in the month. The ship will enter a modernization period and receive technology upgrades including the integration of the Conventional Prompt Strike (CPS)...

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Inotiv Announces the Sale of its Israeli Businesses to Harlan Holdings Ltd.

WEST LAFAYETTE, Ind., Aug. 29, 2023 (GLOBE NEWSWIRE) — Inotiv, Inc. (Nasdaq: NOTV) (the “Company”, “We”, “Our” or “Inotiv”), a leading contract research organization specializing in nonclinical and analytical drug discovery and development services and research models and related products and services, today announced the completion of the sale of its businesses in Israel. The sale complements Inotiv’s site optimization plan for the Research Models and Services segment of the business. The Company received cash of approximately $1.2 million, including an adjustment for the cash balance at the closing of the sale, a note receivable of approximately $2.5 million, including an adjustment for certain reimbursed costs, to be paid in two annual installments on the first and second anniversaries of the closing, and ownership of the Teklad...

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Cerro Grande Mining Corporation Announces its Third Fiscal Quarter ended June 30, 2023 results compared to the same period in 2022

TORONTO, Aug. 29, 2023 (GLOBE NEWSWIRE) — Cerro Grande Mining Corporation (the “Company” or “CEG”) (CSE:CEG) reported its unaudited results for the third fiscal quarter ended June 30, 2023 compared to the same quarter in 2022. These financial statements and MD&A have been filed on SEDAR and the Company refers the reader to those materials for additional information. Cerro Grande Mining Corporation is an exploration and development company with properties and activities currently focused in Chile. Cautionary Statement on Forward-looking Information: This news release contains “forward-looking information”, which may include, but is not limited to, statements with respect to the future financial or operating performance of CEG. Often, but not always, forward-looking statements can be identified by the use of words...

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Patagonia Gold Quarter 2 2023 Financial Results

VANCOUVER, British Columbia, Aug. 29, 2023 (GLOBE NEWSWIRE) — Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces its financial results for the quarter ended June 30, 2023 (“Q2 2023”). The financial statements together with the related management’s discussion and analysis are available on the Company’s website and under the Company’s profile on SEDAR+ at www.sedarplus.ca. HighlightsGenerated revenue of US$0.4 million in Q2 2023. Produced 1,169 gold equivalent ounces(1) and sold 195 gold equivalent ounces(1) in Q2 2023. Completed 2,736 meters of diamond drilling, in 18 HQ-diameter core holes, at Monte Leon. Incurred exploration expenditures totaling US$1.32 million. On April 17, 2023, the Company suffered a robbery of 520 ounces of gold equivalent (AuEq) which is still under investigation by the local authorities. On...

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Terra Firma Capital Corporation Announces Second Quarter 2023 Financial Results

All amounts are stated in United States dollars unless otherwise indicated. TORONTO, Aug. 29, 2023 (GLOBE NEWSWIRE) — Terra Firma Capital Corporation (TSX-V: TII) (“Terra Firma” or the “Company“), a real estate finance company, today announced its financial results for the three and six-month periods ended June 30, 2023. Q2 2023 Financial Highlights:Total Assets of $132.8 million Total Investments (a supplementary financial measure)(4) of $101.8 million Total Assets under management (“AUM,” a non-IFRS financial measure) (3) of $105.7 million as compared to $131.4 million as at December 31, 2022 Future funding commitments of $56.8 million as compared to $109.0 million as at December 31, 2022 Book Value per share decreased by 0.5% to $7.93 (CA$10.50, translated to CA$ using the closing exchange...

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