Absecon Bancorp Declares First-Quarter Cash Dividend of $0.75 Per Share

Written by Customer Service on March 13, 2024. Posted in Dividend Reports And Estimates.

ABSECON, N.J., March 13, 2024 (GLOBE NEWSWIRE) — Absecon Bancorp (the “Company”) (OTC, trading as ASCN), the bank holding company of First National Bank of Absecon, an Atlantic County New Jersey based community bank, announced today that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.75 per share, payable on March 28, 2024 to shareholders of record as of March 14, 2024. The First National Bank of Absecon, a nationally chartered bank headquartered in Absecon, New Jersey, has a long history of serving the community since its establishment in 1916. The company is a community bank focused on providing deposit and loan products to retail customers and to small and mid-sized businesses from its primary market area in Atlantic County, New Jersey, and secondary markets consisting of portions of Burlington,...

New York Mortgage Trust Declares First Quarter 2024 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends

Written by Customer Service on March 13, 2024. Posted in Dividend Reports And Estimates.

NEW YORK, March 13, 2024 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today that its Board of Directors (the “Board”) declared a regular quarterly cash dividend of $0.20 per share on shares of its common stock for the quarter ending March 31, 2024. The dividend will be payable on April 25, 2024 to common stockholders of record as of the close of business on March 25, 2024. In addition, the Board declared cash dividends on the Company’s 8.000% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series D Preferred Stock”), 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series E Preferred Stock”), 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series F Preferred Stock”) and 7.000% Series G Cumulative Redeemable...

Ocean Power Technologies, Inc. Announces Third Quarter Fiscal 2024 Results

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

Continued Growth in Pipeline, Revenue, and Gross Profit Reported MONROE TOWNSHIP, N.J., March 13, 2024 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NYSE American: OPTT), today announced financial results for its fiscal third quarter ended January 31, 2024 (“Q324”), including year over year revenue, gross profit, and pipeline growth. Financial Highlights from the third quarter: The Company’s pipeline at January 31, 2024 (“Q324”) was approximately $77 million, representing a 5.5x year-over-year increase over the pipeline of approximately $14 million at January 31, 2023. The Company’s pipeline continues to grow, reflecting a significant increase in defense and security activity as well as an expansion of commercial opportunities. The gross margin rate was 45.4% and 18.5%,...

Fossil Group, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results

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

Worldwide Net Revenue and Adjusted Operating Margin in Line with GuidanceAnnounces Strategic Review to Maximize Shareholder ValueCompany Provides Full Year 2024 Outlook RICHARDSON, Texas, March 13, 2024 (GLOBE NEWSWIRE) — Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fourth quarter and fiscal year ended December 30, 2023. Separately, the Company also announced today that Kosta N. Kartsotis has stepped down as Chief Executive Officer and Jeffrey N. Boyer, Chief Operating Officer, has been appointed Interim CEO, effective immediately. “During 2023, we made solid progress under our Transform and Grow (TAG) Plan, enabling us to exit the smartwatch category, close underperforming retail stores, manage down inventories, and capture $125 million of annualized cost savings, ” said Jeffrey Boyer, Interim Chief...

Anika Reports Fourth Quarter and Year-End 2023 Financial Results

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

Revenue growth and adjusted EBITDA1 exceeded expectations in the fourth quarter and full year OA Pain Management achieved record annual revenues of $102 million, up 11% in 2023 Announces cost reduction initiatives providing annualized savings of approximately $10 million Anika positioned to generate adjusted EBITDA1 of $25 to $30 million in 2024, up over 75% at the midpoint, representing an adjusted EBITDA1 margin of at least 15% BEDFORD, Mass., March 13, 2024 (GLOBE NEWSWIRE) — Anika Therapeutics, Inc. (NASDAQ: ANIK), a global joint preservation company in early intervention orthopedics, today reported financial results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Summary Revenue in the fourth quarter of 2023 was $43.0 million, up 8% compared to $39.6 million in the fourth quarter...

NextNav Inc. Reports Fourth Quarter and Full Year 2023 Results

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

Announced Transaction to Acquire Additional 900 MHz Spectrum Licenses Mariam Sorond Joins as NextNav CEO MCLEAN, Va., March 13, 2024 (GLOBE NEWSWIRE) — NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported financial results for NextNav’s fourth quarter and full year ended December 31, 2023. Mariam Sorond, NextNav CEO stated, “It’s been an incredible first 100 days as the CEO of NextNav. I have met directly with our team and partners and see the potential to explore options to enhance our next generation PNT technology through optimized use of our valuable spectrum asset. In line with this strategy, we recently signed an exciting agreement to acquire additional spectrum licenses covering 4 MHz in the lower 900 MHz band. Following...

electroCore Announces Fourth Quarter and Full Year 2023 Financial Results

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

Record full year 2023 net sales of $16.0 million increased 87% over $8.6 million for the full year 2022 Company to host conference call and webcast today, March 13, 2024 at 4:30pm EST ROCKAWAY, N.J., March 13, 2024 (GLOBE NEWSWIRE) — electroCore, Inc. (Nasdaq: ECOR) (the “Company”), a commercial-stage bioelectronic medicine and wellness company, today announced fourth quarter and full year 2023 financial results. Fourth Quarter 2023 and Recent Highlights Reported record full year of 2023 revenue of $16.0 million, an increase of approximately 87% over full year of 2022 Record revenue in the fourth quarter of 2023 of $5.2 million, an increase of approximately 103% over the fourth quarter of 2022 Fourth Quarter and Full Year 2023 Financial Results For the year ended December 31, 2023, electroCore reported net sales of $16.0 million,...

Jushi Holdings Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

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

Maintained Strong Gross Profit Margin of 40.2% in Q4 2023 and 43.1% for FY 2023 Net Loss of $18.0 Million in Q4 2023 Compared to $139.9 Million in Q4 2022 Improved Adjusted EBITDA and Adjusted EBITDA Margin to $11.3 Million and 16.7% Respectively in Q4 2023 and $40.8 Million and 15.1% Respectively for FY 2023 Bolstered Margins and Achieved Jushi-branded Product Sales of Approximately 53.4% of Total Retail Revenue Across the Company’s Five Vertical Markets in Q4 2023 Enhanced Product and Brand Offerings with the Debut of 175 New Unique SKUs in Q4 2023 Filed an Amended and Restated Material Change Report BOCA RATON, Fla., March 13, 2024 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, is pleased to announce its financial results...

Hearing Date Set for Brookfield Reinsurance Acquisition of AEL

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

BROOKFIELD, NEWS, March 13, 2024 (GLOBE NEWSWIRE) — Brookfield Reinsurance (NYSE, TSX: BNRE) today announced that the Iowa Insurance Division has confirmed a hearing date of April 5, 2024 for the Brookfield Reinsurance acquisition of American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”). Sachin Shah, CEO of Brookfield Reinsurance said, “We are excited to move toward closing this transaction and begin the work of building AEL into a leader in the U.S. annuity markets. We look forward to working with all stakeholders to drive the business forward, and to make a positive impact in the Des Moines community and on AEL’s policyholders and employees.” Brookfield Reinsurance and AEL announced the acquisition on July 5, 2023. The transaction is expected to close shortly after the hearing. Brookfield Reinsurance Ltd. (NYSE,...

Iveco Group announces an agreement with Mutares to transfer the ownership of MAGIR

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

Turin, 13th March 2024. Iveco Group (EXM: IVG) and Mutares SE & Co. KGaA (ISIN: DE000A2NB650), an investment holding focused on special situations transactions, announced today the signing of a definitive agreement for the transfer of ownership of Magirus GmbH and its affiliates performing firefighting business (“MAGIRUS”). MAGIRUS manufactures and sells firefighting vehicles and equipment and employs more than 1,300 employees in Germany, Italy, France and Austria. In 2023, MAGIRUS represented approximately 2% of Iveco Group revenues and recorded an Adjusted EBIT loss of €35 million. Subject to regulatory approval, the transaction is expected to be completed no later than January 2025, therefore in a timeframe that allows for a consistent transition in the interest of all stakeholders. As a result of this transaction, Iveco Group...

Day: March 13, 2024

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