Month: August 2023

CPI Aerostructures Reports Second Quarter and Six Month 2023 Results

Written by Customer Service on August 21, 2023. Posted in Earnings Releases And Operating Results.

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...

Ethema Files Strong Second Quarter Results

Written by Customer Service on August 21, 2023. Posted in Earnings Releases And Operating Results.

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...

Reflex Advanced Materials Corp. Announces Non-Brokered Private Placement

Written by Customer Service on August 21, 2023. Posted in Public Companies.

// NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES // VANCOUVER, British Columbia, Aug. 21, 2023 (GLOBE NEWSWIRE) — Reflex Advanced Materials Corp. (CSE:RFLX) (FSE:HF2) (“Reflex” or the “Company”) announces that it intends to complete a non-brokered private placement financing (the “Private Placement”) of up to 4,000,000 units of the Company (“Units”) at a price of $0.25 per Unit for aggregate gross proceeds of up to $1,000,000. Each Unit shall consist of one (1) common share in the capital of the Company (“Share”) and one-half (1/2) of one (1) Share purchase warrant (“Warrant”), whereby each Warrant shall entitle the holder thereof to purchase an additional Share at an exercise price of $0.35 for a period of 24 months from the date of issuance. Closing of the Private Placement...

Dundee Corporation Announces Acquisition of Senior Secured Notes and Units of Maritime Resources Corp.

Written by Customer Service on August 21, 2023. Posted in Mergers And Acquisitions.

TORONTO, Aug. 21, 2023 (GLOBE NEWSWIRE) — In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) (“Dundee”) announces that its wholly owned subsidiary, Dundee Resources Limited, has acquired US$1,000,000 principal amount non-convertible senior secured notes of Maritime Resources Corp. (TSXV – MAE) (“Maritime” or the “Issuer”) maturing August 14, 2025 which may be extended by Maritime in certain circumstances and under certain conditions until August 14, 2026 (the “Extended Maturity Date”). As part of the purchase of the senior secured notes, Dundee Resources Limited received 7,662,285 warrants (“Note Warrants”) of Maritime. Each Note Warrant is exercisable into one common share in the capital of the Issuer at a price of $0.07 per Note Warrant up until August 14, 2025, and subject to an extension in the...

ZW Data Action Technologies Reports Second Quarter and First Half 2023 Unaudited Financial Results

Written by Customer Service on August 21, 2023. Posted in Earnings Releases And Operating Results.

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...

Battalion Oil Corporation Announces Second Quarter 2023 Financial and Operating Results

Written by Customer Service on August 21, 2023. Posted in Earnings Releases And Operating Results.

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...

NorthWest Copper Issues Letter to Shareholders and Files Management Information Circular, Urges Shareholders to Vote Only the BLUE Proxy FOR NorthWest’s Nominees to Protect Their Investment in the Company

Written by Customer Service on August 21, 2023. Posted in Public Companies.

BLUE proxies must be received by the proxy voting deadline of 10:00 a.m. (Vancouver time) on September 15th, 2023 in order to be counted at the Annual Meeting Shareholders should contact NorthWest’s strategic shareholder advisor, Kingsdale Advisors, at 1-888-518-1565 (toll-free in North America) or 1-647-251-9704 (collect call outside North America) or emailcontactus@kingsdaleadvisors.com, if they have questions or require assistance voting their BLUE proxyVANCOUVER, British Columbia, Aug. 21, 2023 (GLOBE NEWSWIRE) — NorthWest Copper Corp. (“NorthWest” or the “Company“) (TSXV:NWST) (OTCQX: NWCCF) today announced that it has issued a Letter to Shareholders and filed a Management Information Circular (the “Circular”) for the Company’s upcoming Annual Meeting of the Company’s shareholders (the “Meeting“). The...

Tingo Group to Postpone Second Quarter 2023 Earnings Release, Conference Call and Filing of Form 10-Q

Written by Customer Service on August 21, 2023. Posted in Public Companies.

MONTVALE, N.J., Aug. 21, 2023 (GLOBE NEWSWIRE) — Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that it has further postponed its second quarter 2023 earnings release and conference call and the filing of its Form 10-Q for the period ended June 30, 2023. Although progress has been made with regard to the independent review of the allegations made in the Hindenburg short-seller report, the independent review is still ongoing. As such, the Company and the independent auditors require additional time to complete the preparation of the Form 10-Q and financial statements. About Tingo Group Tingo Group, Inc. (NASDAQ: TIO) is a global Fintech and Agri-Fintech group of companies with operations in Africa, Southeast Asia and the Middle East. Tingo Group’s wholly owned subsidiary, Tingo Mobile, is a leading Agri-Fintech...

(Corrected) Global Tech Industries Group, Inc. acquires AI Commerce Group, LLC., through a binding Membership Interest Purchase Agreement

Written by Customer Service on August 21, 2023. Posted in Public Companies.

New York, NY, Aug. 21, 2023 (GLOBE NEWSWIRE) — (GTII: OTC) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that it has signed a Membership Interest Purchase Agreement (“MIPA”) with AI Commerce Holdings, LLC., (“AI Holdings”) to acquire all the membership interest, including the assets and operations of MIPA, from the members of AI Commerce Group, LLC, (“AI Group”), a privately held Puerto Rico company in the business of acquiring and operating ecommerce websites and brands to make them more efficient. The new company would become part of GTII through the incorporation of a new, wholly owned subsidiary. AI GROUP was incorporated to take advantage of the inefficiencies in ecommerce by using AI technologies. The team is made up of experts in digital marketing, ecommerce, sourcing and...

Halmont Properties Corporation First Six Months Results

Written by Customer Service on August 21, 2023. Posted in Earnings Releases And Operating Results.

TORONTO, Aug. 21, 2023 (GLOBE NEWSWIRE) — HALMONT PROPERTIES CORPORATION (TSX-V: HMT) (“Halmont” or the “Company”) announced today that the diluted net income attributable to shareholders for the six months ended June 30, 2023, was $4.24 million as compared to $10.16 million for the six months ended June 30, 2022.(millions, except per share amount) Six months ended June 30, 2023 June 30, 2022 Revenue $ 8.26 $ 16.68 Net income – total 5.02 10.72 – diluted to shareholders 4.24 10.16 Diluted net income per share for common shareholders 2.26 ¢ 5.57 ¢ Given the deteriorating rental market for low-rise commercial office space that has occurred over the past two years, we took proactive measures to adapt to the changing...

Month: August 2023

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