November 20, 2023 – Page 3

Symbotic Reports 2023 Results with Record Revenue and Improved Margin as Deployments Accelerated

Written by Customer Service on November 20, 2023. Posted in Earnings Releases And Operating Results.

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...

Capital Power Announces Strategic Acquisition of Two Contracted Combined-Cycle U.S. Gas Generation Facilities and a $400 Million Subscription Receipts Offering

Written by Customer Service on November 20, 2023. Posted in Public Companies.

US$1.1 billion (~$1.5 billion) acquisition will be immediately accretive to adjusted funds from operations per share NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Acquisition Highlights High Quality Assets: La Paloma and Harquahala are critical infrastructure assets, which support the reliability of California and Arizona’s electricity grids and add further growth opportunities in the attractive WECC1 market Attractive Valuation: 4.8x 2024E Adjusted EBITDA2 and 5.4x 5-year average Adjusted EBITDA2 acquisition multiples Immediately Accretive: expected to be accretive to AFFO per share in the first full year of ownership and expected 5-year average accretion of 8%2 Expands Leadership Position in North America: adds 1.6 GW (net) of gas-fired generation capacity in the U.S., making Capital Power...

Stantec Announces a $250 Million Public Offering of Common Shares

Written by Customer Service on November 20, 2023. Posted in Public Companies.

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES EDMONTON, Alberta, Nov. 20, 2023 (GLOBE NEWSWIRE) — Stantec Inc. (the “Corporation” or “Stantec”) (TSX, NYSE: STN), a global leader in sustainable design and engineering, has entered into an agreement with National Bank Financial Inc. and CIBC Capital Markets, acting as co-bookrunners, on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Corporation will issue from treasury, and the Underwriters shall purchase on a “bought deal” basis, 2,703,000 common shares (the “Shares”) at a price of $92.50 (the “Offer Price”) for gross proceeds to the Corporation of approximately $250 million (the “Offering”). Stantec intends to use the net proceeds of the Offering to repay balances outstanding on its revolving credit...

Ponce Bank was accepted into the Department of the Treasury, Bureau of Fiscal Service, Minority Bank Deposit Program

Written by Customer Service on November 20, 2023. Posted in Public Companies.

NEW YORK, Nov. 20, 2023 (GLOBE NEWSWIRE) — Ponce Financial Group, Inc., (the “Company”) (NASDAQ: PDLB), the holding company for Ponce Bank (the “Bank”), today announced that Ponce Bank was accepted into the Department of the Treasury, Bureau of Fiscal Service, Minority Bank Deposit Program. As a participating bank, the Bank will have the opportunity to receive exposure, technical training and networking with the goal to: become eligible for the Treasury Bank Mentor-Protégé program expand capacity and accelerate growth develop expertise in working with the Department of the Treasury participate as a depositary or financial agent at the federal, state or local government level President and Chief Executive Officer’s Comments: Carlos P. Naudon, Ponce Financial Group’s President and CEO, stated “We are excited about being accepted...

Gulf Resources Reports Unaudited Financial Results for Three and Nine Months Ended September 30,2023

Written by Customer Service on November 20, 2023. Posted in Earnings Releases And Operating Results.

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%...

Xcel Brands, Inc. Announces Third Quarter 2023 Results

Written by Customer Service on November 20, 2023. Posted in Earnings Releases And Operating Results.

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...

Zoom Video Communications Reports Financial Results for the Third Quarter of Fiscal Year 2024

Written by Customer Service on November 20, 2023. Posted in Earnings Releases And Operating Results.

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 year SAN 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...

Elys Game Technology Reports Third Quarter 2023 Business and Financial Results

Written by Customer Service on November 20, 2023. Posted in Earnings Releases And Operating Results.

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 Highlights Established 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...

Presto Automation Announces Fiscal First Quarter 2024 Financial Results

Written by Customer Service on November 20, 2023. Posted in Earnings Releases And Operating Results.

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,...

BlueFire Equipment Corp (BLFR) Announces its Third Quarter Fiscal 2023 Financial Results, Highlights and Outlook

Written by Customer Service on November 20, 2023. Posted in Public Companies.

“Communication, transparency and reliability are key to establishing lifetime relationships and success.” Woodlands, TX., Nov. 20, 2023 (GLOBE NEWSWIRE) — BlueFire Equipment Corp. (OTC: BLFR) (“BLFR” or the “Company”), a specialist in emerging industry acquisitions, today announces its third quarter fiscal 2023 financial results, highlights, and outlook. Financial Results: As of September 30, 2023, the Company recorded: $251,451 in Cash, a 9,571% increase compared to the quarter ended September 30, 2023. $10,193,317 in Total assets, a 228% increase compared to the quarter ended September 30, 2023. $783,637 in Revenues, a 3,363% increase compared to the quarter ended September 30, 2023. $623,043 in Net Income, a 2,041% increase compared to the quarter ended September 30, 2023. $169,366 in Net Cash Provided by Operating Activities,...

Day: November 20, 2023

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