Month: August 2023

Net Income Increased by over 200% Period-Over-Period in First Half 2023 Revenue Increased by 18.8% Period-Over-Period in First Half 2023 WALNUT, Calif., Aug. 15, 2023 (GLOBE NEWSWIRE) — GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced its unaudited financial results for the quarter and six months ended June 30, 2023. Second Quarter 2023 Financial HighlightsTotal revenues were $153.1 million in the second quarter of 2023, an increase of 23.5% from $124.0 million in the second quarter of 2022. Gross profit was $40.4 million in the second quarter of 2023, an increase of 137.1% from $17.0 million in the second quarter of 2022. Gross margin increased to 26.4% in the second quarter of 2023 from 13.7% in the second...

Net Loss and Earnings per Diluted Share of $13.6 million and $1.02 Adjusted EBITDA was a $5.7 million loss, a $4.1 million improvement versus second quarter of 2022 Average Annualized Recurring Revenue per Household at $1,570, more than three times greater versus second quarter of 2022 Entered into Non-Binding Letter of Intent and Exclusivity Agreement to acquire a Connected Fitness Equipment Business AUSTIN, TX, Aug. 15, 2023 (GLOBE NEWSWIRE) — via NewMediaWire — Interactive Strength Inc. d/b/a FORME (the “Company”, or “FORME”) (NASDAQ: TRNR), today announced its financial results for the second quarter of 2023. The Company incurred a net loss of $13.6 million for the second quarter of 2023, or a loss of $1.02 per diluted share, as compared with a net loss of $11.9 million, or a loss of $24.46 per diluted share...

TORONTO, Aug. 15, 2023 (GLOBE NEWSWIRE) — Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce its financial results for the second quarter (“Q2 2023”) ended June 30, 2023, and to provide a summary of key events for the quarter and subsequent to quarter-end. All figures are stated in Canadian dollars (“C$”) unless otherwise noted. Discovery’s flagship project is the 100%-owned Cordero silver project (“Cordero” or the “Project”) located in Chihuahua State, Mexico. Tony Makuch, CEO, states: “We have made excellent progress on our Feasibility Study (FS) during Q2 2023 and subsequent to quarter end. The reserve expansion and definition program component of our FS drill program is now complete with results demonstrating the potential to expand reserves at Cordero at what is already one...

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 4, 2022 to its short form base shelf prospectus dated February 23, 2022. TORONTO, Aug. 15, 2023 (GLOBE NEWSWIRE) — Digihost Technology Inc. (“Digihost” or the “Company”) (Nasdaq: DGHI; TSXV: DGHI), an innovative U.S. based blockchain technology and computer infrastructure company, is pleased to provide a summary of the Company’s unaudited financial results for the second quarter ended June 30, 2023. All amounts reported herein are presented in U.S. dollars, unless otherwise indicated. The Company’s unaudited consolidated financial statements and management’s discussion and analysis (“MD&A”) for the three and six month period ended June 30, 2023 have been filed and made accessible under the Company’s...

SHENZHEN, China, Aug. 15, 2023 (GLOBE NEWSWIRE) — Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET), a leading innovator in shared cloud computing and blockchain technology in China, today announced its unaudited financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights:Total revenues were US$104.3 million, an increase of 33.3% year-over-year.Cloud computing revenues were US$30.7 million, an increase of 8.2% year-over-year.Subscription revenues were US$29.7 million, an increase of 17.0% year-over-year.Live streaming and other internet value-added services (“Live streaming and other IVAS”) revenues were US$43.9 million, an increase of 79.1% year-over-year.Gross profit was US$45.9 million, an increase of 35.9% year-over-year and gross profit...

Tuesday, Schouw & Co. released its interim report for the second quarter of 2023; Good quarterly performance generally producing the improvements expected in light of the completed acquisitions along with higher selling prices balancing out increased costs. Revenue increase coupled with EBITDA improvement. HighlightsRevenue up by 23% for the quarter to DKK 9.2bn EBITDA up by 18% to DKK 666m Higher interest expenses sharpen focus on efficient use of capital Full-year revenue and EBITDA guidance raised.Statement by Jens Bjerg Sørensen, President of Schouw & Co. – In the second quarter, we saw a distinct effect of acquisitions made, and both revenue and EBITDA are improving. We take a positive view on the rest of 2023 and are raising our full-year EBITDA guidance. Our debt has increased through a number of strategic investments...

Announced pricing of approximately $5 million equity financing (approximately $5.7 million if underwriter’s overallotment option is exercised in full); expected to extend cash runway through initial clinical data readouts and first quarter 2024 >80% of TFF VORI clinical sites activated, pre-screening activities increased approximately 5-fold in the past 4 months; enrollment in Voriconazole Inhalation Powder (TFF VORI) and Tacrolimus Inhalation Powder (TFF TAC) Phase 2 trials ongoing Launched Expanded Access Program (EAP) for TFF VORI for the treatment of pulmonary aspergillosis and other voriconazole responsive fungal pulmonary infections; appointed Uniphar Durbin Ireland Limited (Durbin) to implement the EAP in the United States, Australia, United Kingdom, Canada, and select countries in Europe Awarded an approximately $3 million Small...

BOISE, Idaho, Aug. 15, 2023 (GLOBE NEWSWIRE) — Correlate Energy Corp. (OTCQB: CIPI) (“Correlate” or the “Company”), a growth-oriented distributed energy company, reported financial results on August 11, 2023, for the second quarter ended June 30, 2023. Q2 2023 HighlightsAchieved revenue of $4,158,122 in Q2 2023 vs. $236,690 in Q2 2022 Operating expenses for the three months ended June 30, 2023, totalled $1,460,362Business Highlights During Q2 2023Secured $11.9 Million to develop and install one of Pennsylvania’s largest corporate solar projects Strengthened senior management team by bringing on board two seasoned professionals, Roger Baum, and Jed Freedlander Launched joint venture with eDGe Renewable Partners targeting $100M initial capital deployment to accelerate microgrid development Raised over $2.5 million in funding...

SHENZHEN, China, Aug. 15, 2023 (GLOBE NEWSWIRE) — Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced its unaudited financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial and Operational HighlightsOngoing robust growth in premiums: Gross Written Premiums (“GWP”) facilitated on our platform increased by 58.0% year-over-year to RMB1,377.7 million. First-year premiums (“FYP”) facilitated increased by 85.2% year-over-year to RMB897.9 million. Growth in GWP and FYP was primarily driven by our high-quality customer base, high persistency rates, and the market-leading products we have co-developed with insurer partners for long-term life and health insurance. Further...