Month: February 2024

– Reports YCANTH™ revenue of $1.9M for fourth quarter and $4.7M for full year 2023 – – Over 200 million lives now covered on commercial insurance and managed Medicaid plans – – Conference Call Scheduled for Today at 8:30 am ET – WEST CHESTER, Pa., Feb. 29, 2024 (GLOBE NEWSWIRE) — Verrica Pharmaceuticals Inc. (“Verrica”) (Nasdaq: VRCA), a dermatology therapeutics company developing medications for skin diseases requiring medical interventions, today announced financial results for the fourth quarter and year ended December 31, 2023. “We continued to make considerable progress with the launch of YCANTH™ during our first full quarter of commercial operations,” said Ted White, Verrica’s President and Chief Executive Officer. “With a growing confidence and adoption in our prescriber base, over 200 million commercial and...

Figure 1MMT Resistivity Level Plans Show TB Magmatic Trend Widening at DepthFigure 2Layden Section 2W and exploration model (from Barnes et al, 2018)Figure 3Layden Area Detailed Drilling and MMT PlanTORONTO, Feb. 29, 2024 (GLOBE NEWSWIRE) — Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce that drilling and geophysical surveys completed this winter have confirmed a new, large, dynamic magmatic intrusive system (“TB Magmatic Trend”) that extends from the Layden Nickel Showing area southeasterly 13km to the Taylor Brook Gabbro Complex (“TGBC”) South Lobe. In particular:CRI’s 2023 exploration confirms 13km TB Magmatic Trend with geophysics, soils, and diamond drilling The TB Magmatic Trend extends from Layden Nickel Showing into the TBGC South Lobe The TBGC South...

Xos Mission Linen PhotoMission Linen Branded Xos TruckLOS ANGELES, Feb. 29, 2024 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading provider of medium-duty electric vehicles, charging infrastructure, and fleet management software, is pleased to announce that it has received a purchase order from Mission Linen Supply, a leading provider of products and services to hospitality, healthcare, and industrial businesses, for 22’ stepvans.Mission Linen Supply is a commercial laundry Company that was founded in 1930 and services the healthcare, hospitality, and industrial markets as well as many others. Mission Linen Supply has been a leader in the industry in terms of preserving natural resources and operating in a sustainable manner. Mission is excited to incorporate Xos’ 100% battery-electric stepvans into their fleet. “We...

CALGARY, Alberta, Feb. 29, 2024 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company“) (TSX: NVA) is pleased to announce record-setting reserves and strong financial and operating results for the three months and year ended December 31, 2023. The results of our 2023 program underscore the quality and predictability of our asset base, and the ability of our team to generate robust returns, maintain capital discipline, and return capital to our shareholders. These achievements are underpinned by our unwavering commitment to safety and sustainability. We are entering 2024 in a financially strong position, with the flexibility to continue to execute our value-driven growth strategy and to return capital to shareholders. Fourth Quarter and Full Year 2023 Operational and Financial Highlights During...

2023 Revenue Growth of 7% with 9% Organic Growth including 21% Growth in AMS and DRS Record Full-Year 2023 Net Cash from Operations of $702M and Free Cash Flow of $393M Reduced Leverage to 2.9x Net Debt to Adjusted EBITDA, within Target Leverage Range of 2x-3x Management Expects Mid-Single Digit Revenue Growth and Strong EBITDA Margin Expansion in 2024 Q4 2023 Highlights:Revenue up 5%, reflecting 9% organic growth Operating profit: GAAP $102M; non-GAAP $190M Operating profit margin: GAAP 8.2%; non-GAAP 15.2% GAAP net income (loss) of ($5)M; adjusted EBITDA $252M EPS: GAAP ($0.13); non-GAAP $2.76Full-Year 2023 Highlights:Revenue up 7%, reflecting 9% organic growth Operating profit: GAAP $425M; non-GAAP $615M Operating profit margin: GAAP 8.7%; non-GAAP 12.6% GAAP net income $88M; adjusted EBITDA $867M EPS: GAAP $1.83; non-GAAP $7.35 GAAP...