Day: February 28, 2024

Madrigal Pharmaceuticals Provides Corporate Updates and Reports Fourth Quarter and Full Year 2023 Financial Results

Written by Customer Service on February 28, 2024. Posted in Public Companies.

Announced appointment of Mardi C. Dier as Chief Financial Officer Anticipates resmetirom to become the first medicine approved for NASH; PDUFA date March 14, 2024 Reports year-end 2023 cash, cash equivalents and marketable securities of $634 millionCONSHOHOCKEN, Pa., Feb. 28, 2024 (GLOBE NEWSWIRE) — Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL), a clinical-stage biopharmaceutical company pursuing novel therapeutics for nonalcoholic steatohepatitis (NASH), today provides a summary of corporate updates and reports fourth quarter and full year 2023 financial results. Bill Sibold, Chief Executive Officer of Madrigal, stated “As we approach the March PDUFA date for resmetirom, we remain focused on advancing key regulatory, operational and commercial activities in preparation for a potential U.S. launch. Our goal is to establish resmetirom...

Steve Madden Announces Fourth Quarter and Full Year 2023 Results

Written by Customer Service on February 28, 2024. Posted in Earnings Releases And Operating Results.

Provides 2024 Outlook LONG ISLAND CITY, N.Y., Feb. 28, 2024 (GLOBE NEWSWIRE) — Steve Madden (Nasdaq: SHOO), a leading designer and marketer of fashion-forward footwear, accessories and apparel, today announced financial results for the fourth quarter and full year ended December 31, 2023 and provided its 2024 outlook. Amounts referred to as “Adjusted” are non-GAAP measures that exclude the items defined as “Non-GAAP Adjustments” in the “Non-GAAP Reconciliation” section. Fourth Quarter 2023 ResultsRevenue increased 10.4% to $519.7 million compared to $470.6 million in the same period of 2022. Gross profit as a percentage of revenue was 41.3% compared to 42.2% in the same period of 2022. Adjusted gross profit as a percentage of revenue was 41.7% in the fourth quarter of 2023. Operating expenses as a percentage of revenue were...

ADT Reports Fourth Quarter and Full Year 2023 Results

Written by Customer Service on February 28, 2024. Posted in Earnings Releases And Operating Results.

Streamlined focus on innovation and growth in core consumer markets Fortified balance sheet with $2.1 billion of debt reduction in 2023 Continued record recurring monthly revenue and strong retention Improved capital efficiency with revenue payback of 2.1 years Driving momentum into 2024, anchored by strong growth in cash flow BOCA RATON, Fla., Feb. 28, 2024 (GLOBE NEWSWIRE) — ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today reported results for the fourth quarter and full year of 2023. Financial highlights for the fourth quarter and full year are listed below. Except for cash flow measures, prior period amounts have been recast to exclude the commercial business, consistent with continuing operations GAAP presentation following the sale of the commercial business. Variances are on a...

TopBuild Reports Fourth Quarter and Year-End 2023 Financial Results

Written by Customer Service on February 28, 2024. Posted in Earnings Releases And Operating Results.

Fourth Quarter HighlightsSales increase 1.7% to $1.3 billion Gross margin expands 70 basis points to 30.4% Adjusted EBITDA margin expands 80 basis points to 19.6%Full Year HighlightsSales increase 3.7% to $5.2 billion Gross margin expands 120 basis points to 30.9% Adjusted EBITDA margin expands 140 basis points to 20.2%Provides 2024 Sales and Adjusted EBITDA Outlook DAYTONA BEACH, Fla., Feb. 28, 2024 (GLOBE NEWSWIRE) — TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada today reported results for the fourth quarter and year ended December 31. 2023. Robert Buck, President and Chief Executive Officer, stated, “Our fourth quarter results cap a year of continuous improvement and profitable growth....

AvidXchange Announces Fourth Quarter 2023 Financial Results

Written by Customer Service on February 28, 2024. Posted in Earnings Releases And Operating Results.

Transaction growth and solid yield expansion drive year over year fourth quarter 2023 revenue growthYield expansion coupled with lower unit cost fuel year over year fourth quarter 2023 gross margin expansion The aforementioned combination & opex discipline materially reduce year over year fourth quarter 2023 loss from operationsExiting 2023 with a strong balance sheet and a net cash position2024 business outlook reflects accelerating revenue growth, continued gross margin expansion and operating leverageCHARLOTTE, N.C., Feb. 28, 2024 (GLOBE NEWSWIRE) — AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced financial results for the fourth quarter ended December 31, 2023. “We...

Dycom Industries, Inc. Announces Fiscal 2024 Fourth Quarter and Annual Results

Written by Customer Service on February 28, 2024. Posted in Earnings Releases And Operating Results.

Fourth Quarter HighlightsContract revenues of $952.5 million Non-GAAP Adjusted EBITDA of $93.7 million, or 9.8% of contract revenues Net Income of $23.4 million, or $0.79 per common share dilutedPALM BEACH GARDENS, Fla., Feb. 28, 2024 (GLOBE NEWSWIRE) — Dycom Industries, Inc. (NYSE: DY) announced today its results for the fourth quarter ended January 27, 2024. Contract revenues increased 3.8% to $952.5 million for the quarter ended January 27, 2024, compared to $917.5 million in the year ago quarter. Contract revenues decreased 2.5% on an organic basis after excluding $57.5 million of contract revenues from an acquired business that was not owned during the year ago quarter. Non-GAAP Adjusted EBITDA increased to $93.7 million, or 9.8% of contract revenues, for the quarter ended January 27, 2024, compared to $83.1 million, or...

Comstock Announces Full Year 2023 Results

Written by Customer Service on February 28, 2024. Posted in Earnings Releases And Operating Results.

Recorded Investment Gains of Over $25 million and Full Year Net Income of Over $10.5 million VIRGINIA CITY, Nev., Feb. 28, 2024 (GLOBE NEWSWIRE) — Comstock Inc. (NYSE: LODE) (“Comstock,” “our” and the “Company”), today announced its full year 2023 results, 2023 summary achievements, and our 2024 business outlook. “During 2023, we achieved broad commercial readiness and began commercializing each of our leading decarbonizing businesses, observed the successful launch and deployment of the GENMAT-1 hyperspectral imaging satellite, recognized significant appreciation across all of our strategic investments, and monetized major non-strategic assets,” stated Corrado De Gasperis, the Company’s Executive Chairman and Chief Executive Officer. “Our systems approach is enabling more, faster.” Selected Segment Highlights from 2023 Strategic...

LifeStance Reports Fourth Quarter and Full Year 2023 Results

Written by Customer Service on February 28, 2024. Posted in Earnings Releases And Operating Results.

SCOTTSDALE, Ariz., Feb. 28, 2024 (GLOBE NEWSWIRE) — LifeStance Health Group, Inc. (Nasdaq: LFST), one of the nation’s largest providers of outpatient mental healthcare, today announced financial results for the fourth quarter and full year ended December 31, 2023. (All results compared to prior-year comparative period, unless otherwise noted)2023 Highlights and 2024 OutlookFourth quarter revenue of $280.6 million increased 22% and full year revenue of $1,055.7 million increased 23% compared to revenue of $859.5 million Clinician base increased 18% to 6,645 clinicians, including 227 net clinician adds in the fourth quarter and 1,014 for the full year Fourth quarter visit volumes increased 20% to 1.8 million and full year visit volumes increased 20% to 6.9 million Net loss of $45.0 million in the fourth quarter and $186.3 million...

Integra LifeSciences Reports Fourth Quarter and Full-Year 2023 Financial Results and Provides 2024 Financial Guidance

Written by Customer Service on February 28, 2024. Posted in Earnings Releases And Operating Results.

PRINCETON, N.J., Feb. 28, 2024 (GLOBE NEWSWIRE) — Integra LifeSciences Holdings Corporation (NASDAQ: IART) today reported financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023Reported revenues were $397.0 million, representing a decrease of 0.2% on a reported basis and a decrease of 1.2% on an organic basis compared to the fourth quarter 2022. Revenue increased 3.6% on an organic basis excluding Boston.GAAP earnings per diluted share were $0.25, compared to $0.63 in the fourth quarter 2022.Adjusted earnings per diluted share were $0.89, compared to $0.94 in the fourth quarter of 2022.Full-Year 2023Reported revenues were $1,541.6 million representing a decrease of 1.0% on a reported basis and flat on an organic basis compared to full-year 2022. Revenue increased 5.5% on an...

LanzaTech Announces Fourth Quarter and Full Year 2023 Financial Results and Provides Full Year 2024 Financial Outlook

Written by Customer Service on February 28, 2024. Posted in Earnings Releases And Operating Results.

Total revenue of $20.5 million for fourth quarter 2023, increase of 77% over fourth quarter 2022 Full year 2024 revenue anticipated to be between $90 million and $105 million with Adjusted EBITDA for the full year 2024 of between $(65) million and $(55) million Cash, restricted cash, and investments of $121.4 million at year-end 2023, with lower quarterly cash burn of $15.4 million for fourth quarter 2023 CHICAGO, Feb. 28, 2024 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (Nasdaq: LNZA) (“LanzaTech” or the “Company”), the carbon recycling company transforming waste carbon into sustainable raw materials, today reported its financial and operating results for the fourth quarter and full year 2023. Fourth Quarter and Full Year 2023 Financial Results: In the fourth quarter of 2023, revenue totaled $20.5 million, reflecting an increase...

Day: February 28, 2024

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