Day: November 20, 2023

WILMINGTON, Mass., Nov. 20, 2023 (GLOBE NEWSWIRE) — Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for its fourth quarter and fiscal year ended September 30, 2023. Symbotic posted revenue of $392 million, a net loss of $45 million and adjusted EBITDA1 of $13 million for the fourth quarter of fiscal 2023. In the same quarter of fiscal 2022, Symbotic had revenue of $244 million, a net loss of $53 million and an adjusted EBITDA loss1 of $20 million. Cash, cash equivalents, restricted cash and marketable securities on hand increased by $35 million from the prior quarter of 2023, to $548 million at the end of the fourth quarter. For the full fiscal year 2023, Symbotic reported revenue of $1,177 million, reflecting 98% growth year over year, a net loss...

SHOUGUANG, China, Nov. 20, 2023 (GLOBE NEWSWIRE) — Gulf Resources (NASDAQ:GURE) a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced its financial results for the three and nine months ended September 30, 2023.In the third quarter, sales declined by 74%. Net income after tax was a loss of $1,775,797 compared to a profit of $8,967,380. Net loss per share was ($0.17*) compared to a net profit of $0.86*. Ending cash was $103,774,977 or $9.95* per share. Shareholders’ equity was $260,723,332 or $24.99* per share.Results for the Three Months Ended Sept. 30,2023 In the third quarter of 2023, revenue declined by 74% to $5,865,615 from $22,862,795. Specifically, Bromine revenues decreased by 75% to $4,908,152 from $19,845,773. The decrease in net revenues was primarily due to a 43%...

Entered into licensing agreements for the Company’s Longaberger eCommerce business and made in the US baskets in November 2023, thereby completing the previously disclosed restructuring plan to exit all operating businesses. Licensing revenues of $2.6 million for the quarter, an increase of $0.2 million as compared to the quarter ended June 30, 2023. GAAP net loss of $5.1 million for the quarter, compared with GAAP net loss of $4.0 million in the prior year quarter. Adjusted EBITDA of ($1.4) million for the quarter, compared with Adjusted EBITDA of ($2.9) million for the prior year quarter.NEW YORK, Nov. 20, 2023 (GLOBE NEWSWIRE) — Xcel Brands, Inc. (NASDAQ: XELB) (“Xcel” or the “Company”), a media and consumer products company with significant expertise in livestream shopping and social commerce, today announced its financial...

Third quarter total revenue of $1,136.7 million, up 3.2% year over year as reported and 3.5% in constant currency Third quarter Enterprise revenue of $660.6 million, up 7.5% year over year Third quarter GAAP operating margin of 14.9% and non-GAAP operating margin of 39.3% Third quarter operating cash flow of $493.2 million, up 67.0% year over year Number of customers contributing more than $100,000 in trailing 12 months revenue up 13.5% year over yearSAN JOSE, Calif., Nov. 20, 2023 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM), today announced financial results for the third fiscal quarter ended October 31, 2023. “In Q3, revenue came in ahead of guidance as we bolstered Zoom’s all-in-one intelligent collaboration platform with advanced new capabilities like Zoom AI Companion and continued to evolve our customer...

NEW YORK, Nov. 20, 2023 (GLOBE NEWSWIRE) — Elys Game Technology, Corp. (“Elys” or the “Company”) (OTC:ELYS) (BER:3UW), an interactive gaming and sports betting technology company, today provided a business update and reported financial results for the third quarter ended September 30, 2023. Third Quarter and Recent Operational HighlightsEstablished a multiyear market access agreement with Caesars Entertainment, unlocking access to the Colorado sports betting market. The strategic agreement signals Elys’ first entry into the North American mobile sports betting landscape. Pending regulatory approvals, the Company expects to launch its U.S. mobile sportsbook operations in Colorado in 2024.Introduced www.SportBet.com, the Company’s new online and mobile sports betting brand for the United States market. The “5D by Elys” mobile...

First Quarter Revenue in Line with Guidance Presto Voice Continues Momentum and is Now Live at Over 400 Locations Additional Capital Raised from Common Stock Issuance to an Affiliated Long-Term Investor SAN CARLOS, Calif., Nov. 20, 2023 (GLOBE NEWSWIRE) —  Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru AI and automation technology providers to the restaurant industry, today announced financial results for the 2024 fiscal first quarter ended September 30, 2023. All comparisons are to the first quarter of the prior fiscal year, unless otherwise noted. “Our first quarter results which came in at the midpoint of guidance, reflect a positive start to our fiscal year and underscore the substantial opportunities available to us” said Xavier Casanova, Chief Executive Officer of Presto. “While still in the early stages,...