Day: August 29, 2023

Q2 Revenue increased 2% sequentially to $25.3 million with a 15% improvement in gross margin for a consolidated Q2 Gross Margin of 49.9% Generated $635K in Positive Adjusted EBITDA Commitment to cost savings drove Q2 operating expense decline of $14.3 million or 50% from Q2 2022 TOPS Loyalty Program Customers recently surpassed 280,000 Members Enrolled Building Strong Customer demand with Dime Bag Brand Revenue up 41% sequentially SAN DIEGO and TORONTO, Aug. 29, 2023 (GLOBE NEWSWIRE) — StateHouse Holdings Inc. (“StateHouse” or the “Company”) (CSE: STHZ) (OTCQB: STHZF), a California-focused, vertically integrated cannabis company, today announced its financial results for the three-month (“Q2 2023”) and six-month periods ended June 30, 2023, and provided additional business updates. The unaudited condensed interim consolidated...

GUANGZHOU, China, Aug. 29, 2023 (GLOBE NEWSWIRE) — LIZHI INC. (“LIZHI” or the “Company” or “We”) (NASDAQ: LIZI), an audio-based social and entertainment platform, today announced its unaudited financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial and Operational HighlightsNet revenues were RMB592.9 million (US$81.8 million) in the second quarter of 2023, representing a 15% increase from RMB515.7 million in the second quarter of 2022. Average total mobile MAUs1 in the second quarter of 2023 was 45.6 million, compared with 49.7 million in the second quarter of 2022. Average total monthly paying users2 in the second quarter of 2023 was 433.7 thousand, compared with 485.1 thousand in the second quarter of 2022.Mr. Jinnan (Marco) Lai, Founder and CEO of LIZHI, commented, “In the second quarter...

TORONTO, Aug. 29, 2023 (GLOBE NEWSWIRE) — Pasinex Resources Limited (CSE: PSE) (FSE: PNX) (The “Company” or “Pasinex”) is pleased to provide a company update. Cautionary Note The Company has not completed a current technical report that includes a mineral resource estimate as defined by the Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council, and procedures for classifying the reported Mineral Resources were undertaken within the context of the Canadian Securities Administrators National Instrument 43-101 (NI 43-101). The Company has no intention of completing a NI 43-101 compliant technical report. The Joint Venture has not followed accepted quality assurance and quality control procedures with respect to its current drilling program...

CALGARY, Alberta, Aug. 29, 2023 (GLOBE NEWSWIRE) — Inventronics Limited (“Inventronics” or the “Corporation”) (IVX:TSX Venture), a designer and manufacturer of enclosures for the telecommunications, cable, power distribution, energy and other industries in North America, today announced its unaudited 2023 Q2 financial results. For the three months ended June 30, 2023, Inventronics reported net earnings of $346,000, or 7.1 cents per share, on revenue of $3,103,000 compared to net earnings of $803,000, or 16.7 cents per share, on revenue of $4,269,000 for the three months ended June 30, 2022. For the six months ended June 30, 2023, Inventronics reported net earnings of $671,000, or 13.8 cents per share, on revenue of $6,438,000 compared to net earnings of $1,305,000, or 27.2 cents per share, on revenue of $8,056,000 for the comparative...

CALGARY, Alberta, Aug. 29, 2023 (GLOBE NEWSWIRE) — DIVERGENT Energy Services Corp. (“Divergent”, the “Company“, or “DVG”) announces the release of its financial results for the three and six months ended June 30, 2023. All amounts are in thousands (000’s) of United States Dollars, unless otherwise noted. HIGHLIGHTS FOR THE QUARTERThe Company posted its highest ever quarterly revenue from oil-related product sales and service. Adjusted EBTIDA of $67 thousand in the second quarter of 2022 represents the eleventh consecutive quarter of positive adjusted EBITDA. Despite slowdowns in customer activity, the Company continues to maintain a strong balance sheet.INDUSTRY OUTLOOK Global demand for oil remains strong as the world’s major economies continue to rely on petroleum products in everyday life. Macroeconomic...