Day: November 7, 2023

Rackspace Technology Reports Third Quarter 2023 Results

Written by Customer Service on November 7, 2023. Posted in Earnings Releases And Operating Results.

Revenue of $732 million in the Third Quarter, down 7% Year-over-Year Private Cloud Revenue was $300 million, down 13% Year-over-Year Public Cloud Revenue was $433 million, down 3% Year-over-Year Third Quarter 2023 Cash Flow from Operating Activities was $267 million; Cash Flow From Operating Activities was $330 million on a Trailing-Twelve-Month BasisSAN ANTONIO, Nov. 07, 2023 (GLOBE NEWSWIRE) — Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end, hybrid multicloud technology solutions company, today announced results for its third quarter ended September 30, 2023. Amar Maletira, Chief Executive Officer, stated, “Fiscal third quarter 2023 results exceeded the midpoint of our revenue, operating profit, and EPS guidance. Our two-business unit operating model is now fully implemented, and our leadership teams are executing...

Wish Reports Third Quarter 2023 Financial Results; Initiates a Process to Explore a Range of Strategic Alternatives

Written by Customer Service on November 7, 2023. Posted in Earnings Releases And Operating Results.

SAN FRANCISCO, Nov. 07, 2023 (GLOBE NEWSWIRE) — ContextLogic Inc. (d/b/a Wish) (Nasdaq: WISH), one of the largest mobile ecommerce platforms, today reported its financial results for the quarter and nine months ended September 30, 2023. Wish also announced today that its Board of Directors has initiated a process to explore a range of strategic alternatives to maximize shareholder value. Third Quarter 2023 Financial HighlightsRevenues: Revenues were $60 million, a decrease of 52% YoYCore Marketplace revenues were $19 million, down 53% YoY Product Boost revenues were $5 million, down 55% YoY Logistics revenues were $36 million, down 51% YoYNet Loss: Net loss was $80 million, compared to a net loss of $124 million in the third quarter of 2022Net loss per share was $3.35, compared to a net loss of $5.53 per share in the third...

Inception Growth Acquisition Limited Announces Additional Contribution to Trust Account to Extend Business Combination Period

Written by Customer Service on November 7, 2023. Posted in Mergers And Acquisitions.

New York, Nov. 07, 2023 (GLOBE NEWSWIRE) — Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company”), a publicly traded special purpose acquisition company, announced today that on November 1, 2023, the Company deposited $100,000 into the Company’s trust account (the “Trust Account”) in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from November 13, 2023 to December 13, 2023. The purpose of the extension is to provide additional time for the Company to complete a business combination. About Inception Growth Acquisition Limited Inception Growth Acquisition Limited is a blank check company incorporated under the laws of Delaware whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization,...

Flywire Acquires StudyLink to Accelerate Expansion in the Australian Higher Education Market

Written by Customer Service on November 7, 2023. Posted in Mergers And Acquisitions.

The addition of StudyLink is expected to bolster Flywire’s education solution with a comprehensive international admissions, application & agent management software platform Acquisition enhances the StudyLink and Flywire value proposition to their shared stakeholders in the higher education ecosystem and adds more value to institutions, agents and students Flywire expands on existing partnership with Navitas as a key payments partner for its colleges and campuses worldwide BOSTON and ADELAIDE, Australia, Nov. 07, 2023 (GLOBE NEWSWIRE) — Today, Flywire Corporation (Flywire) (Nasdaq: FLYW) a global payments enablement and software company, announced that it has acquired StudyLink, an innovative provider of international student admissions, application and agent management software serving universities throughout Australia. The...

CarGurus Agrees to Fully Acquire CarOffer

Written by Customer Service on November 7, 2023. Posted in Mergers And Acquisitions.

To bolster growing synergies between the two companies, CarGurus accelerates purchase of remaining stake in the digital wholesale marketplace CAMBRIDGE, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) — CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced it has entered into a definitive agreement to acquire the remaining minority equity interests in CarOffer for $75 million through an all-cash transaction. The deal is expected to close in December 2023 subject to customary closing conditions. CarGurus acquired a 51% stake in CarOffer in 2021 with the ability to buy the remaining equity interest over the next three years. The decision to expedite this purchase reflects CarGurus’ goal to capture rising opportunities to strengthen operations between the two...

Omega Therapeutics to Participate in The Jefferies London Healthcare Conference

Written by Customer Service on November 7, 2023. Posted in Public Companies.

CAMBRIDGE, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) — Omega Therapeutics, Inc. (Nasdaq: OMGA) (“Omega”), a clinical-stage biotechnology company pioneering the development of a new class of programmable epigenomic mRNA medicines, today announced that management will participate in a fireside chat at the Jefferies London Healthcare Conference on Tuesday, November 14, 2023, at 12:30 p.m. GMT (7:30 a.m. ET). A live webcast of the fireside chat will be available on the Investors & Media section of the Company’s website at www.omegatherapeutics.com. An archived replay of the fireside chat will be available on the same website for approximately 90 days. About Omega TherapeuticsOmega Therapeutics is a clinical-stage biotechnology company pioneering the development of a new class of programmable epigenomic mRNA medicines to treat...

Standard BioTools Reports Third Quarter and Year-to-Date 2023 Financial Results

Written by Customer Service on November 7, 2023. Posted in Public Companies.

Year-to-date revenue growth, gross margin expansion and operating expense reduction are testament to continued execution against financial objectives Planned merger with SomaLogic activates strategic M&A thesisSOUTH SAN FRANCISCO, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) — BioTools Inc. (“SBI” or the “Company”) (Nasdaq: LAB), driven by a bold purpose – Unleashing tools to accelerate breakthroughs in human health – today reported financial results for the third quarter ended September 30, 2023. 2023 Selected Financial Results Quarter Ended Nine Months Ended(Unaudited, in millions, except percentages) September 30, 2023 September 30, 2023Revenue $ 25.4 $ 78.2 GAAP gross margin 44.0 % 47.5 %Non-GAAP gross margin 57.0 % 60.3 %Operating expenses $ 32.3 $ 92.3 Non-GAAP operating...

GAMCO Investors, Inc. Reports Results for the Third Quarter 2023

Written by Customer Service on November 7, 2023. Posted in Public Companies.

GUSTO half pageGabelli U.S. Treasury Money Market FundQuarter End AUM of $29.2 billion; Average AUM of $30.8 billion Operating Margin of 29.5% Third Quarter Fully Diluted EPS $0.52 versus $0.58 for Second Quarter 2023 and $0.36 in the Third Quarter of 2022GREENWICH, Conn., Nov. 07, 2023 (GLOBE NEWSWIRE) — GAMCO Investors, Inc. (“GAMI”) (OTCQX: GAMI) today reported its operating results for the quarter ended September 30, 2023. Financial Highlights(In thousands, except percentages and per share data) Three Months Ended % Change From September 30,2023 June 30,2023 September 30,2022 June 30,2023 September 30,2022 U.S. GAAP Revenue $ 59,475 $ 59,171 $ 61,918 0.5 % -3.9 % Expenses 41,954 42,679 43,917 -1.7 % -4.5 % Operating...

Paltalk, Inc. Reports an Increase in Revenue of 5.5% in Third Quarter 2023

Written by Customer Service on November 7, 2023. Posted in Public Companies.

Generated Positive Cash Flow from Operations for Quarter JERICHO, NY, Nov. 07, 2023 (GLOBE NEWSWIRE) — via NewMediaWire — Paltalk, Inc. (“Paltalk,” the “Company,” “we,” “our” or “us”) (Nasdaq: PALT), a communications software innovator that powers multimedia social applications, today announced financial and operational results for the third quarter ended September 30, 2023. Key Financial Highlights for Third Quarter Ended September 30, 2023 Compared to Prior Year PeriodRevenue increased 5.5% to $2.8 million Subscription revenue increased 5% to $2.7 million Advertising revenue increased 12% to $0.1 million Net loss was $0.2 million compared to a net loss of $1.1 million, a decrease of 83% Adjusted EBITDA loss, a non-GAAP measure, was $0.1 million compared to Adjusted EBITDA loss of $0.8 million, a decrease of 84% Positive...

SPAR Group, Inc. Announces Timing of Third Quarter Fiscal 2023 Results Conference Call

Written by Customer Service on November 7, 2023. Posted in Public Companies.

AUBURN HILLS, Mich., Nov. 07, 2023 (GLOBE NEWSWIRE) — SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising and marketing services, today announces that it will release its fiscal third quarter 2023 results on Tuesday, November 14, 2023, before the market opens. In conjunction with the release, a conference call will be hosted by Mike Matacunas, Chief Executive Officer; and Antonio Calisto Pato, Chief Financial Officer, and will include a Q&A session following the prepared remarks starting at 10:00 am Eastern.By Phone: Dial 1-833-630-1542, or 1-412-317-1821 if calling from an International number, at least 10 minutes before the call and ask to be joined into the SPAR Group call. A replay will be available through November 21st by dialing 1-877-344-7529 and using...

Day: November 7, 2023

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