Month: March 2024

Wilhelmina International, Inc. Announces Fourth Quarter and Full Year 2023 Results

Written by Customer Service on March 26, 2024. Posted in Earnings Releases And Operating Results.

Annual Financial HighlightsAnnual revenues of $17.2 million for 2023. Annual operating income of $0.7 million in 2023. Annual net cash flows provided by operating activities were $0.7 million in 2023. Annual pre-tax income of $0.7 million, net income of $0.4 million and Pre-Corporate EBITDA of $2.0 million for 2023. $12.7 million of combined cash and cash equivalents and short term investments at December 31, 2023 was the highest total at the end of any quarterly or annual period in Company history. Annual gross billings of $65.9 million for 2023. (in thousands) Q4 23 Q4 22 YOYChange Year Ended2023 Year Ended2022 YOYChangeTotal Revenues $3,763 $4,091 (8.0%) $17,212 $17,780 (3.2%)Operating (Loss) Income (117) (166) (29.5%) $728 2,419 (69.9%)Income (Loss) Before Provision for Taxes (92) (214) (57.0%) 691 2,575 (73.2%)Net...

Lifecore Biomedical Announces Pending Change of Auditor and Provides Expectation for Business Update

Written by Customer Service on March 26, 2024. Posted in Public Companies.

CHASKA, Minn., March 26, 2024 (GLOBE NEWSWIRE) — Lifecore Biomedical, Inc. (NASDAQ: LFCR) (“Lifecore” or the “Company”), a fully integrated contract development and manufacturing organization (“CDMO”), announced today that Ernst & Young LLP, the Company’s independent registered public accounting firm for the fiscal year ended May 28, 2023, determined that it declined to stand for reappointment as the Company’s independent registered public accounting firm for the Company’s fiscal year ending May 26, 2024 following the filing of the Company’s Annual Report on Form 10-K. Lifecore’s board of directors has initiated a search for a replacement. In addition, the Company expects to provide a business update on Monday, April 1, 2024, which is expected to include certain select financial data for fiscal year 2024 and an update on...

Zevra Therapeutics Announces Top-Line Data from the Phase 2 Clinical Trial of KP1077 for Idiopathic Hypersomnia

Written by Customer Service on March 26, 2024. Posted in Public Companies.

KP1077 demonstrates clinically meaningful benefits for key IH symptoms Top-line data provide key information for the design of a Phase 3 study CELEBRATION, Fla., March 26, 2024 (GLOBE NEWSWIRE) — Zevra Therapeutics, Inc. (NasdaqGS: ZVRA) (Zevra, or the Company) a rare disease therapeutics company, today announced top-line data from its placebo-controlled, double-blind Phase 2 clinical trial (NCT05668754) evaluating the safety and tolerability of KP1077 (serdexmethylphenidate, or SDX) in patients with idiopathic hypersomnia (IH). This proof-of-concept study was not powered to demonstrate statistical significance. The data gathered for several secondary and exploratory endpoints, including the Epworth Sleepiness Scale (ESS), Idiopathic Hypersomnia Severity Scale (IHSS) and Sleep Inertia Visual Analog Scale (SIVAS) will inform the...

U.S. Energy Corp. Reports Financial and Operating Results for Full Year and Fourth Quarter 2023

Written by Customer Service on March 26, 2024. Posted in Public Companies.

HOUSTON, March 26, 2024 (GLOBE NEWSWIRE) — U.S. Energy Corporation (NASDAQ: USEG, “U.S. Energy” or the “Company”), a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today reported financial and operating results for the three and twelve months ended December 31, 2023. FULL YEAR 2023 HIGHLIGHTSTotal daily production in 2023 averaged 1,711 Boe/d; oil production averaged 1,073 Bbl/d. Revenue totaled $32.3 million with oil sales of $28.4 million and natural gas and liquids sales of $4.0 million. Lease operating expense of $15.3 million, or $24.43 per Boe, a 8% and 9% decrease, respectively, from 2022. Oil and gas related capital expenditures of $3.4 million compared to $6.2 million in 2022. Generated Adjusted EBITDA, a non-GAAP measure, of $5.0 million for 2023. Ended...

Actelis Networks Reports Fiscal Full Year 2023 Results

Written by Customer Service on March 26, 2024. Posted in Public Companies.

FREMONT, Calif., March 26, 2024 (GLOBE NEWSWIRE) — Actelis Networks, Inc. (NASDAQ: ASNS) (“Actelis” or the “Company”), a market leader in cyber-hardened, hybrid-fiber rapid deployment networking solutions for wide area IoT applications, today reported financial results for the fiscal full year 2023 ended December 31, 2023. Key Highlights:Strategic shift to IoT sales: Total revenue was $5.6 million for the full year 2023, compared to $8.8 million in the prior year. The Company nearly completed its strategic shift to IoT, with a proportional increase of IoT sales to 77% of annual sales, and further significant decline in Telecom revenue. A significant portion of the decline was a result of delays in on-going customer activities, which are expected to catch up in 2024. Direct margin increase: Gross Margin was 34% for the full year...

Nokia Corporation: Repurchase of own shares on 26.03.2024

Written by Customer Service on March 26, 2024. Posted in Public Companies.

Nokia CorporationStock Exchange Release26 March 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 26.03.2024 Espoo, Finland – On 26 March 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*XHEL 495,683 3.25CEUX – –BATE – –AQEU – –TQEX – –Total 495,683 3.25* Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation...

GOGL – Notice of Annual General Meeting 2024

Written by Customer Service on March 26, 2024. Posted in Public Companies.

Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (the “Company”) advises that the 2024 Annual General Meeting of the Company will be held on April 29, 2024. The record date for voting at the Annual General Meeting is set to April 2, 2024. A copy of the Notice of Annual General Meeting and associated information, including the Company’s Annual Report on Form 20-F, will be distributed and made available on the Company’s website at www.goldenocean.bm prior to the meeting. March 26, 2024 The Board of DirectorsGolden Ocean Group LimitedHamilton, Bermuda This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Western Investment Company Secures Agreement to Increase Ownership in Fortress Insurance to 43% Upon Closing of its Proposed Transaction

Written by Customer Service on March 26, 2024. Posted in Mergers And Acquisitions.

Scott Tannas and Paul Rivett Hosting Webcast on the Proposed Transaction on March 27, 2024 at 9:00 AM Mountain Time, 11:00 AM Eastern Time CALGARY, Alberta, March 26, 2024 (GLOBE NEWSWIRE) — The Western Investment Company of Canada Limited (TSXV: WI) (“Western” or the “Corporation“), today announced that it has secured an agreement to purchase 1 million shares in Fortress Insurance Company (“Fortress”), or 14.22% of the total shares outstanding in Fortress, for CA$2.6 million (the “Share Purchase”). The Share Purchase is conditional on the closing of the previously announced proposed transaction with companies affiliated with Paul Rivett to invest at least $20 million into the Corporation (the “Transaction“). The Share Purchase will increase Western’s ownership in Fortress from 28.45% to 42.67%...

Global Star Acquisition Inc. and K Enter Announce Public Filing of Registration Statement on Form F-4 in Connection with Proposed Business Combination

Written by Customer Service on March 26, 2024. Posted in Mergers And Acquisitions.

~ Transaction Expected to Close in the Second Quarter of 2024 ~ SEOUL, South Korea and NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) — Global Star Acquisition Inc. (NASDAQ: GLST; GLSTU; GLSTW, “Global Star”), a special purpose acquisition company, and K Enter Holdings Inc. (“K Enter”), a holding company with contracts to acquire six diversified entertainment operating companies based in Korea and engaged in the entertainment content and IP creation businesses, today announced the public filing of a registration statement on Form F-4 with the Securities and Exchange Commission (“SEC”). On June 15, 2023, K Enter entered into a definitive business combination agreement with Global Star. This transaction will result in K Enter becoming a public company and will trade on the Nasdaq Stock Exchange (“NASDAQ”). The registration...

Logan Ridge Finance Corporation Announces Fourth Quarter and Full Year 2023 Financial Results

Written by Customer Service on March 26, 2024. Posted in Earnings Releases And Operating Results.

Reports Strong 2023 Results with Net Investment Income of $1.43 Per Share, Compared to a Net Investment Loss of $0.43 Per Share for Year Ended 2022; Total Investment Income Increased to $20.2 Million as Compared to $14.9 Million for Year Ended 2022 As Previously Announced, Declared a Distribution of $0.32 Per Share for the First Quarter of 2024, an Increase of 7% Compared to Prior Quarter; Fourth Consecutive Quarterly Distribution Increase Total Distributions Paid During 2023 Amount to $0.96 Per Share NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) — Logan Ridge Finance Corporation (“Logan Ridge”, “Logan”, “LRFC”, “Company”, “we”, “us” or “our”) (Nasdaq: LRFC) announced today its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 HighlightsReported Net Investment Income (“NII”) of $0.6...

Month: March 2024

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