Zoomcar Reports Fiscal Third Quarter 2023 Results

Written by Customer Service on February 14, 2024. Posted in Earnings Releases And Operating Results.

BANGALORE, India, Feb. 14, 2024 (GLOBE NEWSWIRE) — Zoomcar Holdings, Inc. (Nasdaq: ZCAR) (“Zoomcar,” the “Company,” “we,” or “our”), the leading marketplace for car sharing in emerging markets, today reported select financial results for the third fiscal quarter ended December 31, 2023. Management Commentary “Our third fiscal quarter results capped a strong performance in our ongoing efficiency efforts as we achieved record gross profit and non-GAAP contribution profit while also paving the way for meaningful revenue growth over the next several quarters,” said Greg Moran, CEO and Co-Founder of Zoomcar. “The period also marked an important milestone with our public listing on Nasdaq following our successful business combination. As we look ahead to 2024, we expect a meaningful return to growth with materially improved profitability...

Lowell Farms Inc. Appoints Jamie Schniedwind as Chief Financial Officer

Written by Customer Service on February 14, 2024. Posted in Public Companies.

SALINAS, Calif., Feb. 14, 2024 (GLOBE NEWSWIRE) — Lowell Farms Inc. (the “Company”) (CSE: LOWL; OTCQX: LOWLF), a California-born cannabis company with advanced production capabilities including extraction, manufacturing, and distribution, announces the appointment of Jamie Schniedwind as Chief Financial Officer of the Company, effective February 16, 2024. “Jamie has been a key part of the Lowell team for the past two years and has worked alongside the finance team to implement crucial processes as well as drive efficiencies company-wide.” said Mark Ainsworth, CEO of Lowell Farms. “As CFO of Lowell Farms, Jamie’s comprehensive experience in finance and accounting will support the company in this competitive cannabis industry.” Mr. Schniedwind brings critical finance and accounting expertise to Lowell Farms Inc. During his time at...

Breeze Holdings Acquisition Corp. and TV Ammo, Inc. Announce Filing of a Registration Statement in Connection with Proposed Business Combination

Written by Customer Service on February 14, 2024. Posted in Mergers And Acquisitions.

IRVING, Texas and GARLAND, Texas, Feb. 14, 2024 (GLOBE NEWSWIRE) — Breeze Holdings Acquisition Corp. (Nasdaq: BREZ) (“Breeze Holdings”), a publicly traded special purpose acquisition company, and TV Ammo, Inc., an advanced technology manufacturing and licensing company focused on revolutionizing the global ammunition and weapons industry through the introduction of its composite-cased ammunition, innovative weapons systems and advanced manufacturing technology (“TV Ammo”), today announced the filing with the U.S. Securities and Exchange Commission (the “SEC”) of a registration statement on Form S-4 (the “Registration Statement”), which includes a preliminary proxy statement and a prospectus in connection with an Amended and Restated Merger Agreement and Plan of Reorganization, dated as of February 14, 2024 (the “A&R Merger...

Daily Journal Corporation Announces Financial Results for the three months ended December 31, 2023

Written by Customer Service on February 14, 2024. Posted in Public Companies.

LOS ANGELES, Feb. 14, 2024 (GLOBE NEWSWIRE) — During the three months ended December 31, 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $15,993,000 as compared to $12,301,000 in the prior year period. This increase of $3,692,000 was primarily from increases in (i) Journal Technologies’ license and maintenance fees of $2,162,000, consulting fees of $980,000, and other public service fees of $450,000, and (ii) the Traditional Business’ advertising revenues of $97,000. The Traditional Business’ pretax income decreased by $648,000 to $287,000 from $935,000 in the prior fiscal year, primarily due to increased personnel costs of $331,000 to $2,549,000 from $2,218,000, and a smaller reduction of $80,000 to the Company’s long-term supplemental compensation accrual to a reduction of $420,000 as compared with...

EVe Mobility Acquisition Corp Announces Third Optional Extension of Deadline to Complete Initial Business Combination

Written by Customer Service on February 14, 2024. Posted in Public Companies.

SANTA MONICA, CA, Feb. 14, 2024 (GLOBE NEWSWIRE) — EVe Mobility Acquisition Corp (“EVe”) (NYSE American: EVE), a special purpose acquisition company, announced today that on February 14, 2024, its board of directors (the “Board”) decided to extend the date by which EVe must consummate an initial business combination from February 17, 2024 to March 17, 2024 (the “Third Optional Extension”). This is the third of up to six one-month extensions available to EVe pursuant to its amended and restated memorandum and articles of association. This press release constitutes notice to EVe’s shareholders of the Board’s approval of the Third Optional Extension. About EVe Mobility Acquisition Corp EVe Mobility Acquisition Corp is a blank check company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase,...

North American Construction Group Ltd. Fourth Quarter Results Conference Call and Webcast Notification

Written by Customer Service on February 14, 2024. Posted in Public Companies.

ACHESON, Alberta, Feb. 14, 2024 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) announced today that it will release its financial results for the fourth quarter ended December 31, 2023 on Wednesday, March 13, 2024 after markets close. Following the release of its financial results, NACG will hold a conference call and webcast on Thursday, March 14, 2024, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time). The call can be accessed by dialing:Toll free: 1-888-886-7786Conference ID: 29416987 A replay will be available through April 12, 2024, by dialing:Toll Free: 1-877-674-7070Conference ID: 29416987Playback Passcode: 416987 A slide deck for the webcast will be available for download the evening prior to the call and will be found on the company’s website at www.nacg.ca/presentations/ The...

Sonoco Reports Fourth Quarter and Full Year 2023 Results

Written by Customer Service on February 14, 2024. Posted in Public Companies.

HARTSVILLE, S.C., Feb. 14, 2024 (GLOBE NEWSWIRE) — Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest sustainable global packaging companies, today reported financial results for its fourth quarter and fiscal year ended December 31, 2023. Summary Achieved second best full year results for Adjusted EPS in the Company’s 125-year history Generated a record $883 million of operating cash flow and $600 million of Free Cash Flow in the full year of 2023 Invested a record level of capital in the business for future growth and productivity Achieved record results in Operating Profit and Adjusted EBITDA in flexible packaging and record net sales in rigid paper containers in the Consumer Packaging (“Consumer”) segment Produced record Operating Profit margins and Adjusted EBITDA margins in Industrial Paper...

Algoma Resumes Normal Steel Production

Written by Customer Service on February 14, 2024. Posted in Public Companies.

SAULT STE. MARIE, Ontario, Feb. 14, 2024 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today advised the repair and restart of its blast furnace is complete and steel production resumed on Sunday, February 11, 2024. Algoma has strengthened its operations while advancing essential repair work required after a structure supporting utilities piping at Algoma’s coke-making plant collapsed on January 20, 2024. Algoma remains focused on completing necessary utilities corridor repairs safely and efficiently while increasing coke-making capacity and rebuilding inventory levels. The Company will continue to assess supplementing its coke supplies with market purchases to balance its requirement for iron production. Cautionary...

CTS Corporation to Participate in the Baird Conference on Vehicle Technology & Mobility

Written by Customer Service on February 14, 2024. Posted in Public Companies.

LISLE, Ill., Feb. 14, 2024 (GLOBE NEWSWIRE) — CTS Corporation (NYSE: CTS), announced today that Kieran O’Sullivan, President and Chief Executive Officer, will participate in the Baird Conference on Vehicle Technology & Mobility on February 29, 2024, at 11:20 a.m. (EST). The conference will be held virtually. You may access a live webcast of the event using this link. More information for the event can be found on the Baird Conferences website. https://www.bairdconferences.com/conference2/Index/59 About CTS CTS Corporation (NYSE: CTS) is a leading designer and manufacturer of products that Sense, Connect and Move. CTS manufactures sensors, actuators and electronic components in North America, Europe and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical and transportation markets. For...

ARMOUR Residential REIT, Inc. Announces Preliminary Unaudited Q4 Results and December 31, 2023 Financial Position

Written by Customer Service on February 14, 2024. Posted in Earnings Releases And Operating Results.

VERO BEACH, Florida, Feb. 14, 2024 (GLOBE NEWSWIRE) — ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR PRC) (“ARMOUR” or the “Company”) today announced the Company’s preliminary unaudited fourth quarter 2023 (“Q4”) results and December 31, 2023 financial position. ARMOUR’s Q4 2023 Results Income attributable to common stockholders of $96.6 million or $1.96 per common share. Net interest income of $5.8 million. Distributable Earnings available to common stockholders of $52.4 million, which represents $1.07 per common share (see explanation of this non-GAAP measure and related Company comments on page 9). Paid common stock dividends of $0.40 per share per month, or $1.20 per share for Q4 (As previously announced, the Company has adjusted its common stock dividend rate to $0.24 per share per month for Q1 2024,...

Day: February 14, 2024

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