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Day: January 30, 2024

Abits Group Inc Announces Operational Updates For The Quarter Ended December 31, 2023

Hong Kong, Jan. 30, 2024 (GLOBE NEWSWIRE) — Abits Group Inc (NASDAQ: ABTS), a company engaged in the crypto mining business, has released its operations update for the quarter ended December 31, 2023. As previously reported, the Company completed the construction of its mining center at Duff, near the city of La Follette in the State of Tennessee in October 2023. The center is deployed with 1180 units of S19XP Hydro miners (20.8J) and 400 units of S19J Pro miners. As of December 31, 2023, the maximum mining hash rate reached 298 PH/s. During the fourth quarter ended December 31, 2023, the Company produced 43.94 bitcoins, including a small contribution of 4.34 bitcoins from its facility in Kazakhstan. Currently, the company is in the process of constructing a new generation of dry-cooler-type hydro containers, which is expected...

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Powell Industries Announces Fiscal 2024 First Quarter Results

HOUSTON, Jan. 30, 2024 (GLOBE NEWSWIRE) — Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the Fiscal 2024 first quarter ended December 31, 2023. All comparisons are to the comparable period in the prior fiscal year, unless otherwise noted. First Quarter Key Highlights:Revenues totaled $194 million, an increase of 53%; Gross profit of $48 million, or 24.8% of revenue, an improvement of 950 basis points; Net Income of $24 million, or $1.98 per diluted share; New orders totaled $198 million; As of December 31, 2023, backlog had nearly doubled to $1.3 billion; Cash and short-term investments as of December 31, 2023, totaled $355 million.Brett A. Cope, Powell’s Chairman and Chief Executive Officer,...

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Ascent Solar Begins Advocacy Outreach to Brief Private Sector Space Activities Interagency Steering Group Members on Advantages of Thin-Film Solar PV in Space

THORNTON, Colo., Jan. 30, 2024 (GLOBE NEWSWIRE) — Ascent Solar Technologies, Inc. (“Ascent” or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced it has initiated advocacy outreach to members of the recently-formed Private Sector Space Activities Interagency Steering Group as part of the White House’s United States Novel Space Activities Authorization and Supervision Framework. The Group is tasked with creating an authorization and supervision framework for novel space activities. Within its mission statement, the framework states its intent to collaborate with members of the commercial space industry to advance national objectives. Among those objectives include addressing the hazard of space debris, a primary feature...

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Latitude Uranium Announces Filing and Mailing of the Management Information Circular in Connection with its Special Meeting of Shareholders to Approve the Arrangement with ATHA Energy

• Your vote is important no matter how many votes you hold. • The Board of Directors of LUR unanimously recommends that Shareholders vote IN FAVOUR of the Arrangement Resolution. • Shareholders who have questions or need assistance with voting their shares should contact LUR’s proxy solicitation agent and shareholder communications advisor Laurel Hill Advisory Group by telephone at 1-877-452-7184 or by email at assistance@laurelhill.com. TORONTO, Jan. 30, 2024 (GLOBE NEWSWIRE) — Latitude Uranium Inc. (“Latitude Uranium”, “LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) is pleased announce its notice of special meeting of shareholders (the “Meeting”) and management information circular (the “Circular”) are now available on LUR’s website at https://latitudeuranium.com/investors/special-meeting/ as well as under LUR’s profile...

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Artisan Partners Asset Management Inc. Reports 4Q23 and Year Ended December 31, 2023 Results and Quarterly and Special Annual Dividend

MILWAUKEE, Jan. 30, 2024 (GLOBE NEWSWIRE) — Artisan Partners Asset Management Inc. (NYSE: APAM) (the “Company” or “Artisan Partners”) today reported its results for the quarter and year ended December 31, 2023, and declared a quarterly and special annual dividend. The full December 2023 quarter earnings release and investor presentation can be viewed at www.apam.com. Conference Call The Company will host a conference call on January 31, 2024 at 1:00 p.m. (Eastern Time) to discuss these results. Hosting the call will be Eric Colson, Chief Executive Officer, Jason Gottlieb, President, and C.J. Daley, Chief Financial Officer. Supplemental materials that will be reviewed during the call are available on the Company’s website at www.apam.com. The call will be webcast and can be accessed via the Company’s website. Listeners may also...

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5E Advanced Materials Closes Second Tranche of Equity Financing

New capital will be deployed to continue our initial successful mining operations and complete the processing plant HESPERIA, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) — 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (“5E” or the “Company”), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, today announced it has closed its previously announced second tranche of equity financing. The second closing included $7.75 million in new equity capital from 5ECAP, LLC. The Company previously closed $10 million on January 18th. The capital closed will be deployed to continue initial production of boric acid and lithium carbonate and to complete the final stages of the processing plant. About 5E Advanced Materials, Inc. 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX:...

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United Fire Group, Inc. Announces Its 2023 Fourth Quarter Earnings Call

CEDAR RAPIDS, Iowa, Jan. 30, 2024 (GLOBE NEWSWIRE) — United Fire Group, Inc. (Nasdaq: UFCS) (the “Company”, “UFG”, “we”, or “our”) announced today that its 2023 fourth quarter earnings results will be released after the market closes on Tuesday, February 13, 2024. An earnings call will be held on Wednesday, February 14, 2024 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company’s 2023 fourth quarter results. Teleconference: Dial-in information for the call is toll-free 1-844-492-3723 (international 1-412-542-4184). Participants should request to join the United Fire Group call. The event will be archived and available for digital replay through February 21, 2024. The replay access...

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ScottsMiracle-Gro Announces Retirement of Nancy Mistretta from Board of Directors

MARYSVILLE, Ohio, Jan. 30, 2024 (GLOBE NEWSWIRE) — The Scotts Miracle-Gro Company (NYSE: SMG), the world’s leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, today announced that Nancy Mistretta has retired from its Board of Directors. Mistretta has been a director since 2007 and served on various Board committees, most recently as a member of the Audit Committee and the Compensation and Organization Committee. “Nancy has been a great partner and friend over these many years,” said Jim Hagedorn, chairman, CEO and president of ScottsMiracle-Gro. “Her expertise in finance and banking have been invaluable in providing strategic counsel and guidance not only to the management team but also to fellow Board members. She has been a solid contributor in our continual efforts to drive...

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Waterstone Financial, Inc. Announces Results of Operations for the Quarter and Year Ended December 31, 2023

WAUWATOSA, Wis., Jan. 30, 2024 (GLOBE NEWSWIRE) — Waterstone Financial, Inc. (NASDAQ: WSBF), holding company for WaterStone Bank, reported a net loss of $40,000, or less than $0.01 per diluted share, for the quarter ended December 31, 2023, compared to net income of $935,000, or $0.04 per diluted share for the quarter ended December 31, 2022. Net income per diluted share was $0.46 for the twelve months ended December 31, 2023, compared to net income per diluted share of $0.89 for the twelve months ended December 31, 2022. “The current market dynamics continue to present challenges for both our Community Banking and Mortgage Banking segments,” said William Bruss, Chief Executive Officer of Waterstone Financial, Inc.  “The rapid rise in short-term interest rates and an inverted yield curve continue to create downward pressure...

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Medallion Bank Reports 2023 Fourth Quarter and Full-Year Results and Declares Series F Preferred Stock Dividend

SALT LAKE CITY, Jan. 30, 2024 (GLOBE NEWSWIRE) — Medallion Bank (Nasdaq: MBNKP, the “Bank”), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter and full-year ended December 31, 2023. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN). 2023 Fourth Quarter HighlightsNet income of $21.9 million, compared to $19.7 million in the prior year quarter. Net interest income of $48.9 million with a net interest margin of 8.62%, compared to $44.4 million and 9.19% in the prior year quarter. Total provision for credit losses was $9.7 million, compared to $8.4 million in the prior year quarter. Net medallion loan recoveries were $12.0...

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