Year: 2023

AvidXchange Announces Third Quarter 2023 Financial Results

Written by Customer Service on November 8, 2023. Posted in Earnings Releases And Operating Results.

–Strong Q3’23 year over year (Y-O-Y) revenue growth, yield and unit cost-driven gross margin expansion and operating leverage fuel strong financial performance –Q3’23 Y-O-Y net income loss of $(8.1) million sharply lower vs. loss of $(25.4) million while non-GAAP net income loss swings positively to a profit of $5.8 million from a loss of $(11.7) million –Q3’23 adjusted EBITDA swings positively and sharply to $11.4 million from a loss of $(3.7) million –Raising full year 2023 business outlook CHARLOTTE, N.C., Nov. 08, 2023 (GLOBE NEWSWIRE) — AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced financial results for the third quarter ended September 30, 2023. “Our solid...

W&T Offshore Announces Implementation of Quarterly Cash Dividend

Written by Customer Service on November 8, 2023. Posted in Dividend Reports And Estimates.

HOUSTON, Nov. 08, 2023 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that its Board of Directors has approved the implementation of a quarterly cash dividend payable to holders of its common stock. The initial cash dividend of $0.01 per share of common stock will be payable on December 22, 2023, to shareholders of record at the close of business on November 28, 2023. Tracy W. Krohn, W&T’s Board Chair and Chief Executive Officer, commented, “We have maintained our commitment to a highly successful strategy sharply focused on free cash flow generation for many years now. As a result of our strong asset base and operational execution, our balance sheet is in excellent condition with significant cash on hand. We felt now was the right time to return a portion of the strong...

MIND CTI Reports Third Quarter 2023 Results

Written by Customer Service on November 8, 2023. Posted in Earnings Releases And Operating Results.

YOQNEAM, Israel, Nov. 08, 2023 (GLOBE NEWSWIRE) — MIND C.T.I. LTD. – (NasdaqGM: MNDO), a leading provider of convergent end-to-end prepaid/postpaid billing and customer care product based solutions for service providers, unified communications analytics and call accounting solutions for enterprises as well as enterprise messaging solutions, today announced results for its third quarter ended September 30, 2023. The following will summarize our major achievements in the third quarter of 2023, as well as our business. Full financial results can be found in the Company News section of our website at http://www.mindcti.com/company/news/ and in our Form 6-K. Q3 2023 Financial HighlightsRevenues were $5.3 million, same as in the third quarter of 2022. Operating income was $1.2 million, compared to $1.4 million in the third quarter...

Playtika Holding Corp. Reports Q3 2023 Financial Results

Written by Customer Service on November 8, 2023. Posted in Earnings Releases And Operating Results.

Total Revenue of $630.1 million and DTC Platforms Revenue of $161.0 million GAAP Net Income of $37.9 million and Credit Adj. EBITDA of $205.6 million Completes Acquisition of Youda Games and InnPlay Labs HERZLIYA, Israel, Nov. 08, 2023 (GLOBE NEWSWIRE) — Playtika Holding Corp. (NASDAQ: PLTK) today released financial results for its third quarter for the period ending September 30, 2023. Financial Highlights:Revenue of $630.1 million decreased (2.0)% sequentially and (2.7)% year over year. DTC platforms revenue of $161.0 million decreased (2.6)% sequentially and increased 6.8% year over year. Net income of $37.9 million decreased (49.9)% sequentially and (44.4)% year over year. Credit Adjusted EBITDA of $205.6 million decreased (4.4)% sequentially and increased 1.0% year over year. Cash and cash equivalents totaled $878.2 million...

EV Charging Stations Market Size Worth USD 299.58 Billion by 2032 | Emergen Research

Written by Customer Service on November 8, 2023. Posted in Mergers And Acquisitions.

Increasing purchase of Electronic Vehicles (EV) and increasing government policies and funding for development of EV charging stations are key factors driving market revenue growth Vancouver, Nov. 08, 2023 (GLOBE NEWSWIRE) — The global Electric Vehicle (EV) charging stations market size reached USD 21.40 Billion in 2022 and is expected to register a revenue CAGR of 30.3% during the forecast period, according to latest analysis by Emergen Research. Increasing purchase of electronic vehicles, government policies, and financing for expansion of electric vehicle charging stations are expected to support market revenue growth between 2022 and 2030. Demand for electric vehicle charging stations is continuously rising due to increased adoption of electric cars across the globe. Rising Carbon Dioxide (CO2) emissions and other hazardous...

TC Energy reports strong third quarter 2023 operating and financial results and achieves mechanical completion on Coastal GasLink ahead of target

Written by Customer Service on November 8, 2023. Posted in Public Companies.

Comparable EBITDA now expected to be at the upper end of 2023 outlook CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its third quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, “During the third quarter, we made monumental progress on Coastal GasLink and have achieved mechanical completion ahead of our year-end target. The team’s exceptional safety and construction execution on this challenging project means that we have reached 100 per cent pipeline installation, including the successful hydrotesting of the full 670 km pipeline length. The project remains on track with the approximately $14.5 billion cost estimate.” Poirier continued, “We are also delivering on our 2023 strategic priorities,...

Beam Therapeutics to Participate in 2023 Jefferies London Healthcare Conference

Written by Customer Service on November 8, 2023. Posted in Public Companies.

CAMBRIDGE, Mass., Nov. 08, 2023 (GLOBE NEWSWIRE) — Beam Therapeutics Inc. (Nasdaq: BEAM), a biotechnology company developing precision genetic medicines through base editing, today announced that John Evans, chief executive officer, plans to participate in a fireside chat during the 2023 Jefferies London Healthcare Conference on Wednesday, November 15, 2023 at 4:30 p.m. GMT in London. A live webcast will be available in the investor section of the company’s website at www.beamtx.com, and will be archived for 60 days following the presentation. About Beam TherapeuticsBeam Therapeutics (Nasdaq: BEAM) is a biotechnology company committed to establishing the leading, fully integrated platform for precision genetic medicines. To achieve this vision, Beam has assembled a platform that includes a suite of gene editing and delivery...

eGain Named a Visionary in the 2023 Gartner® Magic Quadrant™ for the CRM Customer Engagement Center

Written by Customer Service on November 8, 2023. Posted in Public Companies.

Evaluation based on Completeness of Vision and Ability to Execute SUNNYVALE, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) — eGain Corporation (NASDAQ: EGAN), the knowledge automation platform for customer engagement, announced that it has been named a Visionary in the Gartner Magic Quadrant for the CRM Customer Engagement Center. Published on November 1, 2023, the report evaluated 12 vendors on 15 criteria. Powered by Knowledge and Generative AI, the eGain Customer Engagement Suite is an award-winning solution for digital-first, omnichannel engagement. It comprises three capability-rich hubs—Knowledge Hub, Conversation Hub, and Analytics Hub—built on a composable experience platform. “We are pleased to be named a Visionary in the Gartner report,” said Ashu Roy, eGain CEO. “Our clients value market-leading innovation and easy consumption...

Cerevel Therapeutics to Present at Upcoming Investor Conferences

Written by Customer Service on November 8, 2023. Posted in Public Companies.

CAMBRIDGE, Mass., Nov. 08, 2023 (GLOBE NEWSWIRE) — Cerevel Therapeutics (Nasdaq: CERE), a company dedicated to unraveling the mysteries of the brain to treat neuroscience diseases, today announced that members of the management team will participate in two upcoming investor conferences during the month of November. President and chief executive officer Ron Renaud will also participate in fireside chats at both conferences.Event: Jefferies London Healthcare Conference Date: November 14, 2023Time: 9:00 a.m. GMT fireside chat Event: 6th Annual Evercore ISI HealthCONx ConferenceDate: November 30, 2023Time: 9:10 a.m. ET fireside chat Live webcasts of the fireside chats will be available on the investors section of Cerevel’s website at investors.cerevel.com. Following the live webcast, an archived version...

Taboola Beats High End of Guidance in Q3 On All Metrics, Raises Adj. EBITDA and Non-GAAP Net Income Guidance for 2023

Written by Customer Service on November 8, 2023. Posted in Earnings Releases And Operating Results.

Exceeded high end of guidance on all metrics – Q3 2023 Revenues of $360.2M, Gross Profit of $100.7M, ex-TAC Gross Profit of $128.4M, Net loss of $23.1M, Non-GAAP Net Income of $6.7M and Adjusted EBITDA of $22.8M.Net cash provided by operating activities of $32.5M and Free Cash Flow in Q3 2023 of $22.8M.eCommerce double-digit growth in Q3, on track to reach nearly 20% of ex-TAC in 2023.Taboola News, distributing content to Android OEMs continues strong momentum in Q3; on track to grow from $50M in 2022 to almost $100M in 2023.Q3 share buyback of $18.6M brings total buyback to $23.0M through Sept 30, 2023. Announcing additional share repurchase authority of up to $40M and debt repayment of up to $30M.Significant progress on Yahoo partnership with 100% of Yahoo’s global supply now available through Taboola.Raising...

Year: 2023

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