Month: February 2024

Fuse Continues Double-Digit Growth Trajectory with Record-High Revenue in 2023

Written by Customer Service on February 13, 2024. Posted in Earnings Releases And Operating Results.

Company poised to accelerate production of warfighter-focused systems moving into multiple programs of record WASHINGTON, Feb. 13, 2024 (GLOBE NEWSWIRE) — Fuse Integration, a warfighter-focused engineering and design firm, today announced record-high revenue for 2023, continuing its double-digit growth trajectory. Building on this momentum, the company is positioning for accelerated production of its tactical edge networking products moving into multiple programs of record. “2023 was a pivotal year for Fuse. We added exceptional executive talent, continued warfighter-focused innovation and strengthened production and delivery to our defense customers,” said Sumner Lee, Fuse CEO. “We are now stepping into a period of exponential growth, moving more of our key solutions beyond testing and demonstration to deploy on multiple aircraft...

Navios Maritime Partners L.P. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023

Written by Customer Service on February 13, 2024. Posted in Earnings Releases And Operating Results.

Revenue:$ 327.3 million for Q4 2023 $1,306.9 million for FY 2023Net Income:$ 132.4 million for Q4 2023 $ 433.6 million for FY 2023Earnings per common unit:$ 4.30 for Q4 2023 $ 14.08 for FY 2023Net cash from operating activities:$ 211.7 million for Q4 2023 $ 560.3 million for FY 2023EBITDA:$ 226.5 million for Q4 2023 $ 797.8 million for FY 2023Sales and purchases:$ 465.0 million payments for newbuildings and new vessels/additions in 2023$155.2 million for Q4 2023$ 327.6 million gross vessels sale proceeds 2023 – YTD 2024$264.5 million completed in FY 2023Two newbuilding containerships delivered Q4 2023 – YTD 2024Fixed at an average rate of $37,050 net per day for 5.2 years$0.05 per unit cash distribution for Q4 2023MONACO, Feb. 13, 2024 (GLOBE NEWSWIRE)...

Watsco Reports Strong 2023 Performance Gaining Share in a Soft Market Boosts Annual Dividend 10% to $10.80 Per Share

Written by Customer Service on February 13, 2024. Posted in Earnings Releases And Operating Results.

Entrepreneurial Culture, Transformational Technologies, Strong Financial PositionContinue to Provide Results and Significant Opportunities MIAMI, Feb. 13, 2024 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE: WSO) reported its results for the fourth quarter and full year ended December 31, 2023. The Company also provided commentary on business trends, growth opportunities, technology innovation and its financial strength. Watsco began its distribution strategy in 1989 and today operates the largest distribution network for HVAC/R products in North America. The Company’s 692 locations serve over 125,000 contractors across the United States, Canada, Mexico, Puerto Rico and Latin America. Since 1989, Watsco’s entrepreneurial, growth-focused culture has driven compounded annual growth rates (CAGRs) of sales and operating income of 15% and 18%,...

GlobalFoundries Reports Fourth Quarter 2023 and Fiscal Year 2023 Financial Results

Written by Customer Service on February 13, 2024. Posted in Earnings Releases And Operating Results.

MALTA, N.Y., Feb. 13, 2024 (GLOBE NEWSWIRE) — GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2023. Key Fourth Quarter Financial HighlightsRevenue of $1.854 billion. Gross margin of 28.3% and adjusted gross margin(1) of 29.0%. Operating margin of 16.3% and adjusted operating margin(1) of 20.7%. Net income of $278 million and adjusted net income(1) of $356 million. Adjusted EBITDA(1) of $773 million. Cash, cash equivalents and marketable securities of $3.9 billion.Key Full Year 2023 Financial HighlightsRevenue of $7.4 billion. Gross margin of 28.4% and adjusted gross margin(1) of 29.1%. Net income of $1.0 billion and adjusted EBITDA(1) of $2.8 billion“In the fourth quarter, GF’s dedicated teams across the world delivered...

Roivant Reports Financial Results for the Third Quarter Ended December 31, 2023, and Provides Business Update

Written by Customer Service on February 13, 2024. Posted in Earnings Releases And Operating Results.

BASEL, Switzerland and LONDON and NEW YORK, Feb. 13, 2024 (GLOBE NEWSWIRE) — Roivant (Nasdaq: ROIV) today reported its financial results for the third quarter ended December 31, 2023, and provided a business update.Roivant completed the sale of Telavant to Roche for $7.1B with an additional $150M in cash payable upon the completion of a near-term milestone Batoclimab produced positive results in Graves’ disease with response rates meaningfully exceeding 50% in the initial cohort of an ongoing 24-week Phase 2 trial VTAMA® (tapinarof) cream, 1% net product revenue was $20.7M for the quarter ended December 31, 2023, with over 300,000 prescriptions written by approximately 14,000 unique prescribers since launch New VTAMA positive long-term efficacy and safety data announced from analyses of the ADORING Phase 3 program in atopic dermatitis....

Abacus Life Repurchases Total of $6 Million of Stock in First 60 Days of Program

Written by Customer Service on February 13, 2024. Posted in Public Companies.

ORLANDO, Fla., Feb. 13, 2024 (GLOBE NEWSWIRE) — Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, provided an update to its $15 million stock repurchase program previously announced on December 12, 2023 (the “Repurchase Program”). From the commencement of the Repurchase Program through February 12, 2024, Abacus has repurchased 553,150] shares of its common stock at an average price of $10.92 on the open market at a total cost of approximately $6.0 million. As of February 12, 2024, Abacus has $9.0 million of availability under the Repurchase Program, which expires on June 10, 2025, unless sooner suspended or discontinued. “We continue to be pleased with our Repurchase Program’s progress,”...

Global Aircraft Lightning Protection Market to Reach Value of USD 10.37 Billion by 2030 | Skyquest Technology

Written by Customer Service on February 13, 2024. Posted in Mergers And Acquisitions.

The global aircraft lightning protection market is segmented based on aircraft type, product, and fit type. The market is segmented by aircraft type into commercial aircraft, military aircraft, business jets, general aviation, and others. The market is segmented by product into lightning protection systems, transient voltage suppressors, and surge protection devices. By fit type, the market is segmented into line fit, retrofit- Industry forecast 2023-2030. Westford,USA, Feb. 13, 2024 (GLOBE NEWSWIRE) — According to SkyQuest report, the global aircraft lightning protection market’s growing safety concerns are compelling aircraft manufacturers and operators to invest in cutting-edge lightning protection systems to mitigate potential risks. Furthermore, increased investments in aviation infrastructure worldwide augment the adoption...

WTAI is about to launch markets in multiple countries and regions simultaneously

Written by Customer Service on February 13, 2024. Posted in Public Companies.

Dubai, United Arab Emirates, Feb. 13, 2024 (GLOBE NEWSWIRE) — WT Blockchain Technology Company, a subsidiary of Trans Global Group Inc. (stock code: TGGI) signed a memorandum of authorization for operations in Myanmar and Taiwan. This also indicates that more and more countries and regions will start the operation of the WTAI system in the future, and work together for the new ecology of WTB. WTAI is a DAPP system independently developed by WT Blockchain Technology Company. The main function of the system is to provide stable investment and financial services for global cryptocurrency users. At the same time, users generate computing power by checking in daily and participating in financial management, and obtain varying amounts of WTB, ultimately establishing a community ecology on the WTB chain. For more information, please contact:Investor...

Eyenovia Announces FDA Approval of Redwood City as Commercial Manufacturing Facility

Written by Customer Service on February 13, 2024. Posted in Public Companies.

Redwood City, California to complement Eyenovia’s facility in Reno, Nevada as well as its contract manufacturer, Coastline International, to produce commercial supply of Mydcombi NEW YORK, Feb. 13, 2024 (GLOBE NEWSWIRE) — Eyenovia, Inc. (NASDAQ: EYEN), a commercial-stage ophthalmic company, today announced that the company’s facility in Redwood City, California successfully completed FDA inspection for approval as a commercial manufacturing facility. The Redwood City facility will primarily be used for final assembly, packaging and labeling activities in support of Mydcombi, the first and only fixed combination of tropicamide and phenylephrine for in-office and pre-surgical pupil dilation utilizing Optejet™ technology. Redwood City complements Eyenovia’s manufacturing capabilities in Reno, as well as its contract manufacturer,...

Woodbridge International Announces Sale of Black Eagle Consulting, Inc. to RMA Companies

Written by Customer Service on February 13, 2024. Posted in Mergers And Acquisitions.

NEW HAVEN, Conn., Feb. 13, 2024 (GLOBE NEWSWIRE) — Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, Black Eagle Consulting, Inc. by RMA Companies. Black Eagle Consulting, Inc. established more than two decades ago in Nevada, is a leading provider of geotechnical engineering, construction inspection and testing, materials testing, and advanced non-destructive examination services. Black Eagle supports a wide variety of transportation, power plants, utilities, municipal, federal, industrial, commercial, and residential projects. RMA is a leading provider of professional services in materials testing, inspection, certification, environmental and geotechnical consulting, and related services for critical public and private infrastructure assets across diverse government...

Month: February 2024

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