October 30, 2023 – Page 4

Gaia Reports Third Quarter 2023 Results

Written by Customer Service on October 30, 2023. Posted in Earnings Releases And Operating Results.

– Increased Member Growth with Continued Positive Cash Flow – BOULDER, Colo., Oct. 30, 2023 (GLOBE NEWSWIRE) — Gaia, Inc. (NASDAQ: GAIA), a conscious media and community company, reported financial results for the third quarter ended September 30, 2023. “In the third quarter of 2023 we experienced another increase in revenue and member count while continuing with a positive cash flow generation,” said Jirka Rysavy, Gaia’s CEO. “Our annualized gross profit per employee in the third quarter grew to our all-time high of over $650,000, reflecting our operating efficiency, which was brought on by the cost improvements undertaken in the first quarter. Gaia Marketplace, which we rolled out so far only to less than 5% of our members, generated over $100,000 in sales within the first 20 days.” Gaia CFO Ned Preston commented:...

Pulmonx Reports Record Third Quarter 2023 Financial Results

Written by Customer Service on October 30, 2023. Posted in Earnings Releases And Operating Results.

REDWOOD CITY, Calif., Oct. 30, 2023 (GLOBE NEWSWIRE) — Pulmonx Corporation (Nasdaq: LUNG) (“Pulmonx” or the “Company”), a global leader in minimally invasive treatments for lung disease, today reported financial results for the third quarter of 2023 ended September 30, 2023. Recent Highlights Achieved record worldwide revenue of $17.7 million in the third quarter of 2023, a 31% increase over the same period last year and an increase of 29% on a constant currency basis Delivered a record $11.8 million in U.S. revenue in the third quarter of 2023, representing 41% year-over-year growth Realized gross margin of 74% in the third quarter of 2023 Added 15 new U.S. treatment centers for Zephyr Valves in the third quarter 2023 Approved for reimbursement by the Japanese Ministry of Health, Labour and Welfare (MHLW) for the...

Varonis Announces Third Quarter 2023 Financial Results

Written by Customer Service on October 30, 2023. Posted in Earnings Releases And Operating Results.

Annual recurring revenues grew 16% year-over-year59% SaaS mix of new business and upsell ARR in the third quarterYear-to-date cash from operations generated $49.0 million vs. $8.4 million last yearYear-to-date free cash flow generated $46.0 million vs. $0.8 million last year NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced financial results for the third quarter ended September 30, 2023. Yaki Faitelson, Varonis CEO, said, “Our third quarter results reflect the continued healthy adoption of Varonis SaaS, and approximately 15% of total company ARR now comes from SaaS. The progress of our transition, coupled with our faster pace of innovation gets us closer to achieving our $1 billion ARR target and delivering meaningful stakeholder value.” Guy...

Denny’s Corporation Reports Results for Third Quarter 2023

Written by Customer Service on October 30, 2023. Posted in Earnings Releases And Operating Results.

Secures Development Agreements for 100 Keke’s Cafés SPARTANBURG, S.C., Oct. 30, 2023 (GLOBE NEWSWIRE) — Denny’s Corporation (the “Company”) (NASDAQ: DENN), owner and operator of Denny’s Inc. (“Denny’s”) and Keke’s Inc. (“Keke’s”) today reported results for its third quarter ended September 27, 2023 and provided a business update on the Company’s operations. Kelli Valade, Chief Executive Officer, stated, “We were pleased to have generated a 1.8% increase in Denny’s domestic system-wide same-restaurant sales** and 15.5% growth in Adjusted EBITDA* during the third quarter. Despite a persistently challenging operating environment, we remain laser-focused on providing best-in-class breakfast, an unbeatable value proposition, and convenience through off-premises...

Medallion Financial Corp. Reports 2023 Third Quarter Results

Written by Customer Service on October 30, 2023. Posted in Earnings Releases And Operating Results.

NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) — Medallion Financial Corp. (NASDAQ: MFIN, “Medallion” or the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, announced today its results for the quarter ended September 30, 2023. 2023 Third Quarter Highlights Net income was $11.2 million, or $0.48 per share, compared to $7.6 million, or $0.32 per share, in the prior year quarter. $5.7 million of cash was collected on taxi medallion-related assets, with recoveries resulting in earnings of $0.10 per share. Net interest income grew 16% to $48.8 million from $42.0 million in the prior year quarter. Net interest margin on net loans was 8.64%, compared to 8.91% in the prior year quarter, and on...

Kforce Reports Third Quarter 2023 Revenue Of $373.1 Million; And Earnings Per Share Of $0.54, As Reported; As Adjusted For Certain Third Quarter Charges, Earnings Per Share Of $0.90

Written by Customer Service on October 30, 2023. Posted in Earnings Releases And Operating Results.

TAMPA, Fla., Oct. 30, 2023 (GLOBE NEWSWIRE) — Kforce Inc. (Nasdaq: KFRC), a solutions firm that specializes in technology and other professional staffing services, today announced results for the third quarter of 2023. There are references to “as reported” and “as adjusted” figures within this press release, which pertain to GAAP and non-GAAP measures that are more fully described in the Adjusted Financial Performance Measures section of this press release. Joseph J. Liberatore, President and Chief Executive Officer, said, “The Firm continues to operate effectively against a challenging macro environment. We believe that our laser focus on growing our business organically with a consistent, refined business model tailored to provide highly skilled technology talent solutions to world-class companies continues to drive our success....

Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2023

Written by Customer Service on October 30, 2023. Posted in Earnings Releases And Operating Results.

KIRKLAND, Wash., Oct. 30, 2023 (GLOBE NEWSWIRE) — Monolithic Power Systems, Inc. (“MPS”) (Nasdaq: MPWR), a fabless company with a global footprint that provides high-performance, semiconductor-based power electronic solutions, today announced financial results for the quarter and nine months ended September 30, 2023. The financial results for the quarter ended September 30, 2023 were as follows: ● Revenue was $474.9 million for the quarter ended September 30, 2023, a 7.6% increase from $441.1 million for the quarter ended June 30, 2023 and a 4.1% decrease from $495.4 million for the quarter ended September 30, 2022. ● GAAP gross margin was 55.5% for the quarter ended September 30, 2023, compared with 58.7% for the quarter ended September 30, 2022. ● Non-GAAP gross margin (1) was 55.7% for the quarter ended September...

Biomea Fusion Reports Third Quarter 2023 Financial Results and Corporate Highlights

Written by Customer Service on October 30, 2023. Posted in Earnings Releases And Operating Results.

Demonstrated durable HbA1c lowering in the escalation portion of ongoing Phase II study in type 2 diabetes (COVALENT-111), with 84% of all patients showing a reduction of HbA1c after 4 weeks dosing and 74% after another 8 weeks off-treatment period Expansion portion of COVALENT-111 cleared and actively enrolling in the U.S. and Canada; expected to enroll approximately 200 adults with type 2 diabetes Investigational new drug (IND) application cleared for Phase II clinical trial of BMF-219 in type 1 diabetes (COVALENT-112); enrollment of 150 adults with type 1 diabetes anticipated to begin in Q4 2023 Dosed first relapsed/refractory AML patient with BMF-500, Biomea’s novel third generation investigational oral covalent inhibitor of FMS-like tyrosine kinase 3 (FLT3) Reported initial topline data of BMF-219 in ongoing Phase I clinical trial...

1st Capital Bancorp Announces Third Quarter 2023 Financial Results

Written by Customer Service on October 30, 2023. Posted in Earnings Releases And Operating Results.

SALINAS, Calif., Oct. 30, 2023 (GLOBE NEWSWIRE) — 1st Capital Bancorp (the “Company”), (OTCQX: FISB), the $984.1 million asset bank holding company and parent company of 1st Capital Bank (the “Bank”), today reported unaudited net income of $1.19 million for the quarter ended September 30, 2023, an increase of 96.2% compared to net income of $609 thousand for the quarter ended June 30, 2023, and a decrease of 55.1% compared to net income of $2.66 million for the quarter ended September 30, 2022. Deposit balances have increased $26.7 million, or 3.0%, in the quarter ended September 30, 2023 compared to June 30, 2023. Loan demand remained strong in the third quarter as the Company’s core loans increased $21.6 million, or 3.7%, at September 30, 2023 compared to June 30, 2023. This growth was partially offset by a $5.8 million decline...

Horizon Bank Announces Equipment Finance Division led by Joel Mikolich

Written by Customer Service on October 30, 2023. Posted in Public Companies.

MICHIGAN CITY, Ind., Oct. 30, 2023 (GLOBE NEWSWIRE) — Horizon Bank announced today the formation of a new equipment finance division to be led by Joel Mikolich as the division President. The new division will provide business equipment financing solutions to small and medium sized businesses nationwide, while enhancing Horizon’s depth of services to its existing clients providing for continued profitable growth in Horizon’s Commercial platform. Joel Mikolich is a seasoned veteran of the equipment finance industry with 20+ years of experience and a successful track record for leading banks into this strategic line of business. Throughout his career, Joel has provided innovative financing and developed successful teams that have assisted small and mid-sized companies obtain the funding and capital solutions necessary to fuel their...

Day: October 30, 2023

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