Day: April 1, 2024

BOSTON and LONDON, April 01, 2024 (GLOBE NEWSWIRE) — Akari Therapeutics, Plc (Nasdaq: AKTX), a late-stage biotechnology company developing advanced therapies for autoimmune and inflammatory diseases, has reported financial results for the full year 2023 as well as recent company highlights. “Amidst challenging economic conditions during 2023 in the biotech sector and beyond, the Akari team advanced our Phase 3 and pre-clinical development programs and paved the way for a merger that, upon closing, will expand our pipeline and open the door to new potential growth and value creation opportunities,” said Rachelle Jacques, Akari President and CEO. “We believe we are building strong momentum and we’re excited about the possibilities that exist for our combined company.” Company Highlights Akari announced the company has reached a definitive...

MESA, Ariz., April 01, 2024 (GLOBE NEWSWIRE) — Nxu, Inc. (NASDAQ: NXU) (“Nxu”, “the Company”), a domestic technology company developing and manufacturing innovative EV charging and energy storage solutions, today announced financial results for the year ended Dec. 31, 2023. Nxu’s full year 2023 financial results and management commentary can be found by accessing the Company’s shareholder letter on the Investor Relations page of the Company’s website. “Reflecting on 2023, it emerges as a transformative chapter in Nxu’s history,” noted Nxu Founder, Chairman, and CEO Mark Hanchett. “The strides we took in developing our public charging units and Quartzsite charging facility set the stage for a successful 2024 and beyond. As we envision a future where charging infrastructure rivals that of traditional gas stations, where...

Fourth Quarter 2023 HighlightsRevenue flat overall with a completions services revenue increase offset by an expected production services revenue decrease from Q4 of 2022 Gross profit improves 14% General and administrative expenses down 2% Net loss increased to $1.9 million from $1.7 million, with the increase related to $0.5 million write down of goodwill in Q4 2023 Positive Adjusted EBITDA versus an Adjusted EBITDA loss in Q4 of 2022Full Year 2023 HighlightsRevenue up 2% compared to 2022 Gross profit improves 61% General and administrative expenses down 9% Net loss increased to $8.5 million from $5.6 million, due primarily to the write down of goodwill and the 2022 net loss including a $4.3 million non-cash gain on debt extinguishment Adjusted EBITDA loss improves 46%LONGMONT, Colo., April 01, 2024 (GLOBE NEWSWIRE) —...

Q4 Co-Location Business Revenue increased 52% Q/Q Q4 Energy Management Business Revenue increased 64% Q/Q Total Quarterly Revenue increased 24% Q/Q to $14.02 Million MIDLAND, Pa., April 01, 2024 (GLOBE NEWSWIRE) — Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson”, the Company), a digital infrastructure company, today announced its financial and operational results for the fourth quarter and fiscal year 2023 ended December 31, 2023. “We are delighted with Q4 2023 being a robust quarter of growth and a significant step forward in a transformational year for Mawson,” said Rahul Mewawalla, CEO and President of Mawson. “In Q4, we signed new enterprise co-location customers and rapidly grew our co-location business revenue by 52% this quarter compared to last quarter. We also grew our energy management business revenue by 64%...

BEIJING, China, April 01, 2024 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that the Company delivered 28,984 vehicles in March 2024, increasing by 39.2% year over year. This brought the Company’s first-quarter deliveries to 80,400, up 52.9% year over year. The cumulative deliveries of Li Auto vehicles reached 713,764 as of the end of March 2024, establishing Li Auto as the first Chinese emerging new energy automaker to reach a milestone of 700,000 cumulative deliveries. “With gratitude for the trust and support of over 700,000 families, we remain dedicated to enhancing our focus on user value and continually improving our product strength and user experience,” commented Xiang Li, chairman and chief executive officer of Li Auto. As...