Day: February 20, 2024

CAMPBELL, Calif., Feb. 20, 2024 (GLOBE NEWSWIRE) — Arteris, Inc. (Nasdaq: AIP), a leading provider of system IP which accelerates system-on-chip (SoC) creation, today announced financial results for the fourth quarter and year ended December 31, 2023 and provided first quarter and full year 2024 guidance. “We’re excited to report a strong finish to 2023, with Annual Contract Value and Trailing-Twelve-Month Variable Royalties of $56.1 million, above the high end of our guidance range,” said K. Charles Janac, President and CEO of Arteris. “We believe that the accelerating adoption of commercial System IP solutions across the industry’s most complex applications including Generative AI and advanced mobility is becoming clear. With 23 net new Active Customers in 2023, including several of the world’s largest...

Expects durable, efficient growth in 2024 CHICAGO, Feb. 20, 2024 (GLOBE NEWSWIRE) —  Sprout Social, Inc. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced financial results for its fourth quarter ended December 31, 2023. “We’re pleased to share incredibly strong fourth quarter results,” said Justyn Howard, Sprout Social’s CEO and co-founder. “We’re building an enduring software company centered on amazing products, amazing people and overdelivering for our customers every day. We delivered step change growth in current & total contract value bookings and were recently named the #1 best software product by G2, which we believe position Sprout to build on our momentum in 2024.” Fourth Quarter 2023 Financial Highlights RevenueRevenue...

Signed 8 deals in the fourth quarter and 32 in 2023 across both media and semiconductor Paid down $29 million of debt in fourth quarter and $148 million in 2023 SAN JOSE, Calif., Feb. 20, 2024 (GLOBE NEWSWIRE) — Adeia Inc. (Nasdaq: ADEA) (the “Company” or “Adeia”) today announced financial results for the fourth quarter and full year ended December 31, 2023. “We made excellent progress toward our long-term goals in 2023,” said Paul E. Davis, chief executive officer of Adeia. “We closed 32 deals across multiple verticals in our media and semiconductor businesses, including with new customers in OTT, Pay-TV, social media and semiconductors. We exceeded our target patent portfolio growth rate of 10% and our new original patent filings hit a record in 2023, positioning us for future revenue growth. Our deal pipeline continues to expand...

Q4 Annualized Recurring Revenue hits record $94.7 million, up 23% year-over-year Q4 net loss improved 27% year-over-year; Non-GAAP net loss improved 55% year-over-year Q4 cash used in operating activities improved 46% year-over-year Q4 Net Dollar Expansion rate of 109% reaches highest level in two years FY2023 total subscribers up 34% from prior year FY2023 square feet under management up 36% from prior yearSUNNYVALE, Calif., Feb. 20, 2024 (GLOBE NEWSWIRE) — Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter and year ended December 31, 2023. “We closed 2023 on a high note with fourth quarter total revenue of $39.5 million, in line with our guidance range. Subscription revenue...

Fourth quarter revenue of $117 million, down 6% year over year; Full year revenue of $388 million, down 15% year over year Fourth quarter Transaction Value of $165 million, down 2% year over year; Full year Transaction Value of $593 million, down 20% year over yearFourth quarter Transaction Value from Property & Casualty down 4% year over year to $54 million; Full year Transaction Value from Property & Casualty down 31% year over year to $278 million Fourth quarter Transaction Value from Health flat year over year at $98 million; Full year Transaction Value from Health up 3% year over year to $260 millionLOS ANGELES, Feb. 20, 2024 (GLOBE NEWSWIRE) — MediaAlpha, Inc. (NYSE: MAX), today announced its financial results for the fourth quarter and full year ended December 31, 2023. “Our fourth quarter results exceeded...

MONTCLAIR, N.J., Feb. 20, 2024 (GLOBE NEWSWIRE) — 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital” and the “Company”), today reported its financial results as of December 31, 2023, and noted additional developments from the first quarter of 2024. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. “The fourth quarter of 2023 was the start of what we believe will be a return to risk asset classes, including the microcapitalization stocks in which we invest,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. “Our +6.9% gross total return in our public portfolio was the primary contributor to the growth of our net asset value per share (“NAV”) from $4.91 to $5.02. Our assets on our balance sheet are now almost 100% comprised of...

Fourth quarter 2023 revenue increase of 4% and full year 2023 revenue increase of 8% to $2,602.4 million Fourth quarter 2023 net loss of $28.9 million, or $0.17 per share, and full year 2023 net loss of $220.4 million, or $1.34 per share Fourth quarter 2023 adjusted EBITDA increase of 22% to $114.4 million and full year 2023 adjusted EBITDA increase of 33% to $328.1 million, resulting in the company’s most profitable year-to-date Full year 2023 operating cash flow of $350.0 million, up from $189.3 million; full year 2023 free cash flow of $193.7 million, up from $16.5 million; cash position of $1,123.7 million as of December 31, 2023 Initiates 2024 guidance, provides three year outlookPURCHASE, NY, Feb. 20, 2024 (GLOBE NEWSWIRE) — Teladoc Health, Inc. (NYSE: TDOC), the global leader in whole-person virtual care, today reported...

HOUSTON, Feb. 20, 2024 (GLOBE NEWSWIRE) — Skyward Specialty Insurance Group, Inc.TM (Nasdaq: SKWD) (“Skyward Specialty” or the “Company”) today reported fourth quarter 2023 net income of $29.3 million, or $0.74 per diluted share, compared to $20.4 million, or $0.63 per diluted share, for the same 2022 period. Net income for the year ended 2023 was $86.0 million, or $2.24 per diluted share, compared to $39.4 million, or $1.21 per diluted share, for the same 2022 period. Adjusted operating income(1) for the fourth quarter of 2023 was $24.3 million, or $0.61 per diluted share, compared to $11.6 million, or $0.36 per diluted share, for the same 2022 period. Adjusted operating income(1) for the year ended 2023 was $80.8 million, or $2.11 per diluted share, compared to $58.6 million, or $1.79 per diluted share, for the same 2022 period. Highlights...

MIDLAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the fourth quarter and full year ended December 31, 2023. FOURTH QUARTER 2023 HIGHLIGHTSAverage production of 273.1 MBO/d (462.6 MBOE/d) Net cash provided by operating activities of $1.6 billion; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $1.6 billion Cash capital expenditures of $649 million Free Cash Flow (as defined and reconciled below) of $910 million Increased annual base dividend by 7% to $3.60 per share; declared Q4 2023 base cash dividend of $0.90 per share and a variable cash dividend of $2.18 per share, in each case payable on March 12, 2024; implies an 6.9% annualized yield based on February 16, 2024...

Record Financial Performance in 2023 with Strong Growth and Execution Continuing in 2024 PHOENIX, Feb. 20, 2024 (GLOBE NEWSWIRE) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), the North American leader in innovative flexible space solutions, today announced fourth quarter and full year 2023 results and provided an update on operations and the current market environment, including the following highlights: Q4 2023Revenue increased 4% to $612 million and Adjusted EBITDA increased 7% year-over-year to $288 million. Adjusted EBITDA Margin of 47.0% expanded 160 basis points year-over-year. Generated Free Cash Flow of $166 million, up 35% year-over-year, and Free Cash Flow Margin of 27.2%. Returned $136 million to shareholders by repurchasing 3.5 million shares of Common Stock during...