Month: August 2023

Hexatronic Group AB (publ)Interim report January – June 2023 Continued growth, improved profitability and cash flow Second quarter (April 1 – June 30, 2023)Net sales increased by 36 percent to MSEK 2,258 (1,662). Organic growth amounted to 7 percent. EBITA increased by 45 percent to MSEK 405 (278), corresponding to an EBITA margin of 17.9 percent (16.8). Operating profit (EBIT) increased by 43 percent to MSEK 377 (264), corresponding to an operating margin of 16.7 percent (15.9). Net profit increased by 37 percent to MSEK 259 (189). Earnings per share after dilution amounted to SEK 1.27 (0.93). Cash flow from operating activities amounted to MSEK 348 (176).Events during the quarterHexatronic signs agreement with new network operator in the US to a value of 20 MUSD. Hexatronic has signed an agreement to acquire Fibron, a leading OEM...

Selected key developments in Q2 2023 and after balance sheet date:Revenue growth trend continues with 57% year-over-year growth to NOK 330 million in Q2 2023, and 55% year-over-year growth in the first half of 2023. Signed a long-term agreement with a major North American OEM to provide complete vehicle integration of battery electric utility trucks in North America, with an estimated potential sales value of approximately USD 150 million. Entered into a 5-year framework agreement with a global energy company for delivery of hydrogen distribution systems with a potential sales value of approximately EUR 27 million. Commenced serial production of hydrogen cylinders for the Nikola TRE fuel cell electric heavy-duty truck. Exited the quarter with total backlog of approximately NOK 1.4 billion.“It has been yet another strong quarter with...

Trondheim, 15 August 2023: In the second quarter, NORBIT delivered another record performance. Revenues for the quarter came in at NOK 417.6 million, representing a growth of 32 per cent from the same period last year. The EBITDA result was NOK 127.2 million, which represents a margin of 30 per cent. All three business segments delivered growth compared to the corresponding quarter of 2022:Connectivity reported revenues of NOK 171.8 million, an increase of 107 per cent, largely driven by increased demand for On-Board Units. The EBITDA margin was 38 per cent in the quarter. Oceans delivered revenues of NOK 152.2 million driven by continued high activity within the sonar business, while the EBITDA margin was 38 per cent. Product Innovation & Realization (PIR) delivered NOK 101.6 million in revenues in the quarter, representing underlying...

OTTAWA, Ill., Aug. 14, 2023 (GLOBE NEWSWIRE) — Ottawa Bancorp, Inc. (the “Company”) (OTCQX: OTTW), the holding company for OSB Community Bank (the “Bank”), announced net income of $0.5 million, or $0.22 per basic and diluted common share for the three months ended June 30, 2023, compared to net income of $0.7 million, or $0.28 per basic and diluted common share for the three months ended June 30, 2022. For the six months ended June 30, 2023, the Company announced net income of $1.0 million, or $0.39 per basic and diluted common share, compared to net income of $1.6 million, or $0.59 per basic and diluted common share for the six months ended June 30, 2022. The loan portfolio, net of allowance, increased to $317.7 million as of June 30, 2023 from $307.7 million as of December 31, 2022 as originations of $31.4 million exceeded payoffs...

VANCOUVER, British Columbia, Aug. 14, 2023 (GLOBE NEWSWIRE) — Mydecine Innovations Group (OTC: MYCOF) (FSE: 0NFA) (“Mydecine” or the “Company”), a biotechnology company engineering the next wave of innovative medications and treatment protocols to directly address mental health with a particular emphasis on addiction and PTSD, announces the financial results for the six months ended June 30, 2023. Financial Results for the Six Months Ended June 30, 2023         Net Loss: The net loss attributable to common stockholders was $3.18 million, from operations, or a basic and diluted loss per share of $(0.13). For the same period in 2022, loss from operations was $2.45 million, or a basic and diluted loss per share attributable to common stockholders of ($0.35) Cash Position: The Company had $40,458 in cash and...

NEW YORK, Aug. 14, 2023 (GLOBE NEWSWIRE) — Salona Global Medical Device Corporation (“Salona Global” or the ‎‎“Company”) (TSXV:SGMD) today posted financial results for the second quarter of 2023, ending June 30, 2023, and provided an update on its turn-around plan. During the second quarter, the Company acquired Biodex Medical Systems, Inc. (“Biodex”), pushing revenue to $16.6 million for the three months ended June 30, 2023. The Company reported negative Adjusted EBITDA (defined below) of $819,394 for the same period. On June 13, 2023, Michael Seckler was appointed CEO of the Company by the board of directors with a mandate to generate organic revenue growth and achieve enterprise profitability. In the time since his appointment Mr. Seckler has taken several steps to achieve this goal including:Operating expense reduction of...