Day: February 22, 2024

Maravai LifeSciences Reports Fourth Quarter and Full Year 2023 Financial Results

Written by Customer Service on February 22, 2024. Posted in Earnings Releases And Operating Results.

Continued Focus on Expanding Product Portfolio, Market Leadership and Innovation SAN DIEGO, Feb. 22, 2024 (GLOBE NEWSWIRE) — Maravai LifeSciences Holdings, Inc. (Maravai) (NASDAQ: MRVI), a global provider of life science reagents and services to researchers and biotech innovators, today reported financial results for the fourth quarter and full year ended December 31, 2023, together with other business updates. Recent highlights include: Financial:Quarterly revenue of $74.1 million, Net loss of $(110.0) million, following a valuation adjustment to certain deferred tax assets, and Adjusted EBITDA margin of 28%; Annual revenue of $288.9 million, Net loss of $(138.4) million, and Adjusted EBITDA margin of 23%; and Introduced full year 2024 revenue guidance range of $265.0 million to $285.0 million.Product Innovation, Partnerships...

Fox Factory Holding Corp. Reports Fourth Quarter and Fiscal 2023 Financial Results

Written by Customer Service on February 22, 2024. Posted in Earnings Releases And Operating Results.

DULUTH, Ga., Feb. 22, 2024 (GLOBE NEWSWIRE) — Fox Factory Holding Corp. (NASDAQ: FOXF) (“FOX” or the “Company”) today reported financial results for the fourth quarter and fiscal year ended December 29, 2023. Fourth Quarter Fiscal 2023 HighlightsAchieved quarterly net sales of $332 million while managing challenging macro and industry headwinds Completed Marucci acquisition; revenue contribution of $17 million Delivered net income of $4 million, earnings per diluted share of $0.10, and adjusted net income of $20 million, adjusted earnings per diluted shares of $0.48 Attained adjusted EBITDA margin of 11.7% due to UAW strike impact, Bike Original Equipment Manufacturers (“OEM”) destocking, and higher interest rates impacting dealers Paid down $15 million on outstanding debtFull Year 2023 HighlightsReturned $25 million to shareholders...

Vicor Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2023

Written by Customer Service on February 22, 2024. Posted in Earnings Releases And Operating Results.

ANDOVER, Mass., Feb. 22, 2024 (GLOBE NEWSWIRE) — Vicor Corporation (NASDAQ: VICR) today reported financial results for the fourth quarter and year ended December 31, 2023. These results will be discussed later today at 5:00 p.m. Eastern Time, during management’s quarterly investor conference call. The details for the call are below. Revenues for the fourth quarter ended December 31, 2023 totaled $92.7 million, a 12.2% decrease from $105.5 million for the corresponding period a year ago, and a 14.1% sequential decrease from $107.8 million in the third quarter of 2023. Gross margin decreased to $47.3 million for the fourth quarter of 2023, compared to $49.1 million for the corresponding period a year ago, and decreased sequentially from $55.9 million for the third quarter of 2023. Gross margin, as a percentage of revenue, increased...

Altair Announces Fourth Quarter and Full Year 2023 Financial Results

Written by Customer Service on February 22, 2024. Posted in Earnings Releases And Operating Results.

Record-High Revenue and Profit for the Fourth Quarter and Full Year TROY, Mich., Feb. 22, 2024 (GLOBE NEWSWIRE) — Altair (Nasdaq: ALTR), a global leader in computational intelligence, today released its financial results for the fourth quarter and full year ended December 31, 2023. “Altair finished 2023 with a strong fourth quarter, notching record-high revenue and profit for the quarter and full-year,” said James R. Scapa, founder, chairman and chief executive officer of Altair. “We are seeing strong momentum across a number of verticals, where computational intelligence is becoming increasingly important. We are excited about our recent and upcoming product releases and believe that our investments in engineering AI are positioning us as a leader in this important and growing domain.” “Our global team...

iRhythm Technologies Announces Fourth Quarter and Full Year 2023 Financial Results

Written by Customer Service on February 22, 2024. Posted in Earnings Releases And Operating Results.

SAN FRANCISCO, Feb. 22, 2024 (GLOBE NEWSWIRE) — iRhythm Technologies, Inc. (NASDAQ: IRTC), a leading digital health care company focused on creating trusted solutions that detect, predict, and prevent disease, today reported financial results for the three months and full year ended December 31, 2023. Fourth Quarter 2023 Financial HighlightsGrew fourth quarter 2023 patient registrations in excess of 22% compared to the fourth quarter 2022 Revenue of $132.5 million, a 17.7% increase compared to fourth quarter 2022 Gross margin of 66.0%, a 390 basis point decrease compared to fourth quarter 2022 Net loss of $38.7 million, an $18.5 million increased loss compared to fourth quarter 2022 Adjusted EBITDA of $2.4 million, a $1.3 million improvement compared to fourth quarter 2022 Cash, cash equivalents and marketable securities of $133.8...

Unusual Machines Completes Acquisitions of Fat Shark and Rotor Riot

Written by Customer Service on February 22, 2024. Posted in Mergers And Acquisitions.

SAN JUAN, Puerto Rico, Feb. 22, 2024 (GLOBE NEWSWIRE) — Unusual Machines, Inc. (NYSE American: UMAC) (“Unusual Machines” or the “Company”) announced today the closing of its acquisitions of Fat Shark Holdings, Ltd. (“Fat Shark”), a pioneer in the design and manufacture of ultra-low latency first-person-view (FPV) goggles, and Rotor Riot LLC (“Rotor Riot”), a curated e-commerce marketplace focused on serving drone enthusiasts. “With the acquisitions of Fat Shark and Rotor Riot, Unusual Machines is well positioned to serve the FPV drone market,” said Allan Evans, CEO of Unusual Machines. “These strategic moves provide the basis from which we are able to focus on delivering great products to enthusiasts, drone builders, and FPV pilots.” The integration of Fat Shark and Rotor Riot into Unusual Machines is expected...

Capgemini to acquire Unity’s Digital Twin Professional Services arm to accelerate enterprises’ digital transformation through real-time 3D technology

Written by Customer Service on February 22, 2024. Posted in Mergers And Acquisitions.

Capgemini press contact: Sam ConnattyTel: +44 370 904 3601 Email: sam.connatty@capgemini.com Unity press contact: Ryan M. WallaceTel: +1 917 442 2305Email: ryan.wallace@unity3d.com Capgemini to acquire Unity’s Digital Twin Professional Services arm to accelerate enterprises’ digital transformation through real-time 3D technology Paris / San Francisco, February 22, 2024 – Capgemini and Unity (NYSE: U), the world’s leading platform for creating and growing real-time 3D (RT3D) content, today announced an expansion of their strategic alliance that will see Capgemini take on Unity’s Digital Twin Professional Services arm. Per the agreement, Unity’s Digital Twin Professional Services team will join and embed within Capgemini, forming one of the largest pools of Unity enterprise developers in the world. The transaction will accelerate the iteration...

NorthEast Community Bancorp, Inc. Announces Date of 2024 Annual Meeting of Stockholders

Written by Customer Service on February 22, 2024. Posted in Public Companies.

WHITE PLAINS, N.Y., Feb. 22, 2024 (GLOBE NEWSWIRE) — NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the holding company for NorthEast Community Bank, today announced that its annual meeting of stockholders will be held on Thursday, May 23, 2024. The record date for stockholders entitled to vote at the annual meeting will be April 4, 2024 and the proxy materials will be mailed to stockholders of record on or about April 12, 2024. About NorthEast Community Bancorp NorthEast Community Bancorp, headquartered at 325 Hamilton Avenue, White Plains, New York 10601, is the holding company for NorthEast Community Bank, which conducts business through its eleven branch offices located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts and three...

Marathon Digital Holdings Launches Slipstream

Written by Customer Service on February 22, 2024. Posted in Public Companies.

New Direct Transaction Submission Service Designed To Streamline Confirmations for Large or Non-Standard Bitcoin Transactions Fort Lauderdale, FL, Feb. 22, 2024 (GLOBE NEWSWIRE) — Marathon Digital Holdings, Inc. (NASDAQ:MARA) (“Marathon” or “Company”), a leader in supporting and securing the Bitcoin ecosystem, has launched Slipstream, a direct Bitcoin transaction submission service designed to streamline confirmations of large or non-standard Bitcoin transactions. By default, Bitcoin nodes frequently exclude large and non-standard transactions from Bitcoin’s mempool, even if these transactions adhere to the Bitcoin network’s consensus rules. As a result, complex Bitcoin transactions are often delayed or unprocessed. To encourage experimentation and development on Bitcoin and to enable and expedite the processing...

Sandy Motley announced as Country Manager for Nokia in the U.S.

Written by Customer Service on February 22, 2024. Posted in Public Companies.

Sandy Motley, Country Manager of Nokia U.S. – Feb 2024“I am very excited to start this next chapter of my journey here at Nokia. Having led the Fixed Networks business for several years, taking on an additional role as the Country Manager for the U.S. will allow me to help even more customers benefit from Nokia’s leading technology across our portfolio at a time when technology is playing a still more vital role than ever before in the lives of organizations, companies, individuals and societies.”Press Release Sandy Motley announced as Country Manager for Nokia in the U.S.Sandy Motley, a senior Nokia executive, takes on revitalized country leadership role. She has decades of experience of telecoms and the U.S. market. The appointment further strengthens Nokia’s commitment to the market.February 22, 2024, USA – Nokia...

Day: February 22, 2024

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