Year: 2023

Flex LNG – Third Quarter 2023 Earnings Release

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

November 8, 2023Hamilton, Bermuda Flex LNG Ltd. (“Flex LNG” or the “Company”) today announced its unaudited financial results for the three months and nine months ended September 30, 2023. Highlights: * Vessel operating revenues of $94.6 million for the third quarter 2023, compared to $86.7 million for the second quarter 2023. * Net income of $45.1 million and basic earnings per share of $0.84 for the third quarter 2023, compared to net income of $39.0 million and basic earnings per share of $0.73 for the second quarter 2023. * Average Time Charter Equivalent1 (“TCE”) rate of $79,207 per day for the third quarter 2023, compared to $77,218 per day for the second quarter 2023.* Adjusted EBITDA1 of $74.7 million for the third quarter 2023, compared to $66.2 million for the second quarter 2023.* Adjusted net income1...

INTERIM REPORT OF MARIMEKKO CORPORATION, 1 January – 30 September 2023: Marimekko’s net sales grew and operating profit improved in the third quarter

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

Marimekko Corporation, Interim Report, 8 November 2023 at 8.00 a.m. INTERIM REPORT OF MARIMEKKO CORPORATION, 1 January – 30 September 2023: Marimekko’s net sales grew and operating profit improved in the third quarter This release is a summary of Marimekko’s interim report for the January-September period of 2023. The complete report is attached to this release as a pdf file and it is also available on the company’s website at company.marimekko.com under Releases & publications. The third quarter in briefMarimekko’s net sales increased by 9 percent and totaled EUR 47.9 million (44.1). The increase in net sales was driven particularly by growth in wholesale sales both internationally and in Finland. Net sales in Finland grew in total by 6 percent as non-recurring promotional deliveries increased domestic wholesale sales and retail...

James River Announces Third Quarter 2023 Results

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

PEMBROKE, Bermuda, Nov. 07, 2023 (GLOBE NEWSWIRE) — James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today reported third quarter 2023 net income available to common shareholders of $16.9 million ($0.45 per diluted share), compared to net loss available to common shareholders of $7.2 million ($0.19 per diluted share) for the third quarter of 2022. Adjusted net operating income1 for the third quarter of 2023 was $18.3 million ($0.48 per diluted share), compared to adjusted net operating income1 of $15.5 million ($0.41 per diluted share) for the third quarter of 2022. Third Quarter 2023 Highlights:Group combined ratio of 96.2% and Excess and Surplus Lines (“E&S”) segment combined ratio of 88.4% on business not subject to retroactive reinsurance accounting...

Celldex Therapeutics Announces Pricing of Public Offering of Common Stock

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

HAMPTON, N.J., Nov. 07, 2023 (GLOBE NEWSWIRE) — Celldex Therapeutics, Inc. (“Celldex” or the “Company”) (Nasdaq: CLDX) today announced the pricing of an underwritten public offering of 7,425,000 shares of its common stock at a public offering price of $27.00 per share. In connection with the offering, Celldex has granted the underwriters a 30-day option to purchase up to an additional 1,113,750 shares of common stock at the public offering price, less underwriting discounts and commissions. Jefferies, Leerink Partners, Guggenheim Securities and Cantor are acting as the joint book-running managers for the offering. LifeSci Capital and H.C. Wainwright & Co. are acting as co-lead managers for the offering. The Company expects to receive gross proceeds from the offering, excluding the exercise of the underwriters’ option, if any,...

Tritium Implements Strategic Plan to Achieve 2024 Profitability

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

Company takes strategic steps toward profitability BRISBANE, Australia, Nov. 07, 2023 (GLOBE NEWSWIRE) — Tritium DCFC Limited (Tritium) (Nasdaq: DCFC), a global leader in direct current (DC) fast chargers for electric vehicles (EVs), today announced the implementation of business measures designed to achieve a path to profitability in 2024 and reduce external capital requirements. The plan sees Tritium improve operational efficiency and margins to drive profitability and shareholder value by consolidating its global manufacturing operations into its scaled plant in Lebanon, Tennessee, and reduce selling general & administrative (SG&A) expenses via plans to decrease specific headcount and professional fees. Investment in technology development, services, software, and sales continues, with plans to retain and grow Tritium’s...

Oxbridge Re Announces 2023 Third Quarter Results on November 14, 2023

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

GRAND CAYMAN, Cayman Islands, Nov. 07, 2023 (GLOBE NEWSWIRE) — Oxbridge Re (NASDAQ: OXBR) announced that it plans to hold a conference call on Tuesday November 14, 2023 at 4:30 p.m. Eastern time to discuss results for the third quarter and nine months ending ended September 30, 2023. Financial results will be issued in a press release after the close of the market on the same day. Oxbridge Re’s management will host the conference call, followed by a question and answer period. Interested parties can listen to the live presentation by dialing the listen-only number below.Date: November 14, 2023Time: 4:30 p.m. Eastern timeListen-only toll-free number: 800 343-4136Listen-only international number: +1 203 518-9814Passcode (required): OXBRIDGEPlease call the conference telephone number 10 minutes before the start time....

Allkem Chairman’s address and CEO Script

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

BRISBANE, Australia, Nov. 07, 2023 (GLOBE NEWSWIRE) — Allkem Limited (ASX/TSX: AKE, “Allkem” or the “Company”) announces 2023 Allkem AGM and Chairman’s address. 2023 Allkem AGM Slide 1 – Front Cover Chairman’s Address – Peter Coleman 2023 has been a busy year for Allkem and the lithium industry more broadly. Against the backdrop of a downbeat macro-economy, electrification of transport amongst other clean energy sources is leading the way for a global, decarbonised economy. EV sales remain on course to increase ~35% year on year to ~14-million-unit sales in calendar year 2023.1 With the help of government targets and policies, China, Europe and the US are reaching milestones in EV sales and penetration rates. EV adoption rates will have the biggest impact on lithium-ion battery demand and have been forecast to...

American Hotel Income Properties REIT LP Announces Q3 2023 Results and Initiatives to Strengthen Financial Position and Preserve Unitholder Value

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

All amounts presented in this news release are in United States dollars (“U.S. dollars”) unless otherwise indicated. VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) — American Hotel Income Properties REIT LP (“AHIP”, or the “Company”) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB. V), today announced its financial results for the three and nine months ended September 30, 2023. AHIP announced today a number of initiatives focused on strengthening the Company’s financial position and preserving unitholder value against the backdrop of a challenging operating and macroeconomic environment. AHIP’s operating challenges are primarily attributable to higher operating expenses and a decline in year-over-year occupancy. The macroeconomic conditions remain difficult, with elevated inflation, higher interest rates and increasing risks...

Grupo Aeroportuario del Pacifico Announces the Drawdown of Ps. 1.5 billion From a Credit Facility

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

GUADALAJARA, Mexico, Nov. 07, 2023 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces that today made a drawdown of Ps. 1.5 billion from a credit facility with Banco Santander México, S.A., at a 12-month term. Interest will be payable monthly at a variable rate of TIIE-28 plus 38 basis points, and principal payment due upon maturity, without fees. Proceeds from this loan were allocated to pay the Ps. 1.5 billion credit facility with Scotiabank Inverlat, S.A., which matures today. COMPANY DESCRIPTION Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico ’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six...

mdf commerce reports Second Quarter of Fiscal 2024 Financial Results

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

Q2 FY2024 revenues of $30.7 million compared to $33.2 million in Q2 FY2023, a decrease of $2.5 million or 7.4%Q2 year-over-year revenues increase of $1.0 million or 3.2% when excluding InterTrade5 revenues from Q2 FY2023Adjusted EBITDA1 of $4.0 million for Q2 FY2024 compared to $1.4 million in Q2 FY2023, an increase of $2.6 million Net loss and Adjusted net loss2 of $0.8 million in Q2 FY2024 compared to $89.8 million and $4.8 million respectively in Q2 FY2023. The Corporation announces the closure of Réseau Contact and Power Source Online, two emarketplaces businessesMONTRÉAL, Nov. 07, 2023 (GLOBE NEWSWIRE) — mdf commerce inc. (the “Corporation”) (TSX:MDF), a SaaS leader in digital commerce technologies, reported second quarter financial results for the three-month period ended September 30, 2023 (“Q2 FY2024”). All dollar...

Year: 2023

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