Day: February 6, 2024
HeadlinesRevenue and profitability exceed the high end of guidance, leading to six quarters of strong execution
Announced AI partnerships with NVIDIA and Microsoft
Maintained a leadership position, with Cerence penetration staying strong at 54% of global auto production
New business included a win-back for a large Japanese OEM, a program extension for a major North America OEM, and a major win in AIoT for a wearable productBURLINGTON, Mass., Feb. 06, 2024 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today reported its first quarter fiscal year 2024 results for the quarter ended December 31, 2023.
Results Summary (1,2)
(in millions, except per share data)
Three Months Ended
December 31,
2023
2022 GAAP revenue
$138.3
$83.7GAAP gross margin
81.0%
68.7%Non-GAAP...
LMP Automotive Holdings, Inc. today announced it will issue a shareholder liquidation distribution of $0.20 per share on February 7, 2024, to all shareholders as of record of January 31, 2024, and Provided a Corporate Update
Written by Customer Service on . Posted in Dividend Reports And Estimates.
Miami Beach, FL, Feb. 06, 2024 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (“LMP” or the “Company”), today announced it will issue a liquidating shareholder distribution of $0.20 per share on or about February 7, 2024, to all shareholders of record as of January 31, 2024 (the “Liquidation Distribution”) and provided a corporate update.
The Company further announced that it’s Chairman and Chief Executive Officer Sam Tawfik agreed to provide his management services to the Company without compensation commencing after March 1, 2024, and hold perfunctory office until expiration of Delaware dissolution period, filing of final Tax Returns and final Distributions, if any, are made. After the payment of the final dissolution costs and the resolution of any contingent, conditional or unmatured contractual claims of the Company, the...
PyroGenesis Announces Milestone Reached for Fumed Silica Reactor Project
Written by Customer Service on . Posted in Public Companies.
Pilot Plant Construction Commences with Anticipated Q2 2024 Commissioning
MONTREAL, Feb. 06, 2024 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to announce that, further to HPQ Silicon Inc’s (“HPQ” or the “Client”) press release dated today, and the Company’s own news releases dated November 9, 2023 and January 11, 2024, the next milestone for pilot plant development has been reached.
The Fumed Silica Reactor (FSR) technology project is being conducted in conjunction with HPQ Silica Polvere Inc. (“HPQ Polvere”), a...
Theratechnologies to Announce Fourth Quarter and Full Year 2023 Financial Results and Provide Business Update
Written by Customer Service on . Posted in Public Companies.
MONTREAL, Feb. 06, 2024 (GLOBE NEWSWIRE) — Theratechnologies Inc. (“Theratechnologies” or the “Company”) (TSX: TH) (NASDAQ: THTX), a biopharmaceutical company focused on the development and commercialization of innovative therapies, today announced the Company will report financial results and provide a business update for its fourth quarter and full year fiscal 2023 ended November 30, on Wednesday, February 21, 2024, at 8:30 a.m. EDT.
Theratechnologies will also provide further information on the Complete Response Letter issued by the U.S. Food and Drug Administration in response to the Company’s supplemental Biologics License Application for the F8 formulation of tesamorelin.
The call will be hosted by Mr. Paul Lévesque, President and Chief Executive Officer. Mr. Lévesque will be joined by other members of the management team,...
Zevra Therapeutics to Present at the Oppenheimer 34th Annual Healthcare Life Sciences Conference
Written by Customer Service on . Posted in Public Companies.
CELEBRATION, Fla., Feb. 06, 2024 (GLOBE NEWSWIRE) — Zevra Therapeutics, Inc. (NasdaqGS: ZVRA) (Zevra or the Company), a rare disease therapeutics company, today announced that it will present at the upcoming Oppenheimer 34th Annual Healthcare Life Sciences Conference being held virtually on Tuesday, February 13, 2024, at 9:20 a.m. ET. Additionally, members of Zevra’s management team will be available for one-on-one investor meetings with registered attendees during the conference from February 13-14, 2024.
The live webcast will be available here. Following Zevra’s presentation, the archived presentation will be accessible under “Events & Presentations” on the Investor Relations section of Zevra’s website at investors.zevra.com. To register for the conference, contact your Oppenheimer sales representative.
About Zevra Therapeutics:
Zevra...
Agrify Corporation Achieves Milestone with PX-30 Hydrocarbon Extraction System Installation in Michigan Facility
Written by Customer Service on . Posted in Public Companies.
TROY, Mich, Feb. 06, 2024 (GLOBE NEWSWIRE) — Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced the successful installation of a PX-30 Hydrocarbon Extraction System at its customer’s Michigan facility.
The PX-30 Hydrocarbon Extraction System is the largest system of Agrify’s PX-Extraction series, and represents a cutting-edge advancement in hydrocarbon extraction technology, designed to enhance efficiency and precision in the extraction process. This installation marks a significant milestone for Agrify, reinforcing the company’s commitment to delivering state-of-the-art solutions to the cannabis and hemp industries as operators around the country continue to purchase and operate with Agrify’s latest technologies.
Lume...
Final Assembly of HPQ Fumed Silica Reactor Pilot Plant Started; Commissioning Scheduled for Q2 2024
Written by Customer Service on . Posted in Public Companies.
MONTREAL, Feb. 06, 2024 (GLOBE NEWSWIRE) — HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ) (OTCQB: HPQFF) (FRA: O08), a technology company specializing in green engineering of silica and silicon-based materials, is pleased to update shareholders on a new milestone related to its Fumed Silica Reactor (FSR) Pilot Plant project.
HPQ Silicon’s wholly owned subsidiary, HPQ Silica Polvere Inc. (HPQ Polvere), received notification from its technology provider and equipment supplier, PyroGenesis Canada Inc. (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY) (PyroGenesis), that the engineering design for the FSR Pilot Plant project has been concluded. All equipment parts needed for the project have been sourced, fabrication is completed, and all additional peripheral materials have been ordered.
SCALING UP HPQ’S FUMED SILICA REACTOR
The ability...
Brixton Metals Receives Results from Ongoing Exploration at the Hog Heaven Project, Demonstrating Further Evidence for the Existence of a Porphyry System
Written by Customer Service on . Posted in Public Companies.
Ivanhoe Electric Drills 348m of 1.08 g/t AuEq Containing 0.43 g/t Gold, 40.48 g/t Silver, 0.22% Lead, and 0.12% Zinc
Including 1m of 36.94 g/t AuEq Containing 2180 g/t Silver, 5.16 g/t Gold, 0.63% Copper, 6.00% Lead, 6.14% Zinc
VANCOUVER, British Columbia, Feb. 06, 2024 (GLOBE NEWSWIRE) — Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce additional results from the 2023 Exploration Program on the Hog Heaven Project, which is currently being operated under a definitive Earn-in Agreement with Ivanhoe Electric Inc. (see news release dated March 2nd, 2021). Ivanhoe Electric holds the option to acquire up to 75% interest by completing USD$40 million of project spending and paying Brixton USD$4.5 million. Hog Heaven is an advanced-stage, high-sulphidation, epithermal copper-silver-gold...
Amesite Announces Industry-Leading Results on User Retention across Programs, Increase in Sales Activity
Written by Customer Service on . Posted in Public Companies.
DETROIT, Feb. 06, 2024 (GLOBE NEWSWIRE) — Amesite Inc. (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform for business and education markets, announces aggregate retention numbers for users enrolled in programs delivered on its technology stack, and its growing sales activity.
Amesite reports an overall retention rate (the percentage of enrollees that remain in a course) of 98% for paid learning experiences on its platform. These results overwhelmingly exceed industry norms. On average, online retention rates for paid online courses are only between 68-73%. Amesite retentions in specific categories follow:96% retention for technology upskilling programs, such as data science or electric vehicle technologies
98% retention for professional development programs, such as implicit...
Vivos Therapeutics Highlights Significant Favorable Market Developments Creating Exciting New Growth Opportunities
Written by Customer Service on . Posted in Public Companies.
United Healthcare Updated Medical Policy Favoring Oral Appliance Therapies and Recent Recalls of Many ResMed and Philips Respironics’ CPAP Devices Create Significant Revenue Opportunities for Vivos Devices
LITTLETON, Colo., Feb. 06, 2024 (GLOBE NEWSWIRE) — Vivos Therapeutics, Inc. (the “Company” or “Vivos”) (NASDAQ:VVOS), a leading medical device and technology company specializing in the development and commercialization of highly effective proprietary treatments for sleep related breathing disorders (including all severities of obstructive sleep apnea (OSA)) in adult patients, today highlighted certain significant favorable market developments creating new opportunities to widen its funnel of potential users of Vivos’ oral appliance therapies.
On November 2, 2023, the U.S. Food and Drug Administration (FDA) granted, for...