Month: April 2024

2023 revenue of $1,064.1 million, down 1.2% year-over-year Gross margin of 21.7% in 2023 vs 18.5% in 2022 Operating profit of $8.1 million, up $236.8 million due to increased gross margin, lower SG&A and no impairments in 2023 versus 2022 Net loss of $124.4 million ($125.1 attributable to Exela Technologies Inc), an improvement of $291.4 million year-over-year Certain of the Company’s subsidiaries issued approximately $764.8 million of aggregate principal amount of new notes in exchange for $956.0 million of aggregate principal amount of existing 2026 notes in 2023IRVING, Texas, April 04, 2024 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation (“BPA”) leader, announced today its financial results for the full year ended December 31, 2023. “2023...

— 2023 revenues up 189% YoY compared to 2022, highlighting continued success globally —— High value product and services business model reflected in 2023 gross margin of 69% —— Total net income of $19.9 million, compared to ($87.5 million), a 123% increase YoY —— Adj. EBITDA of $29.0 million, compared to ($6.0) million, a 587% increase YoY — LONDON, April 04, 2024 (GLOBE NEWSWIRE) — Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today reported financial results for the fiscal year ending December 31, 2023. 2023 Financial HighlightsRevenue Growth: Full-year 2023 revenues catapulted to $64.7 million, marking a substantial 189% increase year-over-year....

Acquisition letter of intent previously announced progresses to final stages of definitive agreement discussions Company to Host Conference Call Today at 1:00 PM Eastern Time LAKEWOOD, N.J., April 04, 2024 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today provided a business update and reported financial results for the year ended December 31, 2023. “We are pleased to report 17% and 40% year-over-year increases in revenue for 2023 compared to 2022 and 2021, respectively,” commented Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group. “Of the 17% revenue increase, 67% relates to organic growth, and 33% was acquisition related.” “Our net loss was substantially driven by non-core operating and non-cash expense charges, such as, net estimate &...

Nonferrous and Finished Steel Sales Volumes Up Year-Over-Year Increased Cost Reduction Target by $40 Million Radius Board Declares Quarterly Dividend PORTLAND, Ore., April 04, 2024 (GLOBE NEWSWIRE) — Radius Recycling, Inc. (NASDAQ: RDUS) today reported results for the second quarter of fiscal 2024 ended February 29, 2024. The Company reported a loss per share from continuing operations of $(1.19) and a net loss of $(34) million. Adjusted EBITDA was $3 million and adjusted loss per share from continuing operations was $(1.04).   Market conditions during the second quarter remained challenging, as tight supply flows for recycled metals and unusually wet winter weather impacted sales volumes and metals spreads for both recycled metals and finished steel. Scrap generation remained constrained due to persistently low levels of manufacturing...

DENVER, April 04, 2024 (GLOBE NEWSWIRE) — The Simply Good Foods Company (Nasdaq: SMPL) (“Simply Good Foods,” or the “Company”), a developer, marketer and seller of branded nutritional foods and snacking products, today reported financial results for the thirteen weeks ended February 24, 2024. Second Quarter Summary:(1)Net sales of $312.2 million versus $296.6 million Net income of $33.1 million versus $25.6 million Earnings per diluted share (“EPS”) of $0.33 versus $0.25 Adjusted Diluted EPS(2) of $0.40 versus $0.32 Adjusted EBITDA(4) $57.8 million versus $50.9 millionFull fiscal year 2024 Net Sales and Adjusted EBITDA(3) outlook(4):Net sales expected to increase around the mid-point of the Company’s long-term algorithm of 4-6%, including the benefit of a fifty-third week. The Company previously expected Net Sales to increase...

DUBLIN, Ireland, April 04, 2024 (GLOBE NEWSWIRE) — Trinity Biotech plc (Nasdaq: TRIB), a commercial stage biotechnology company focused on diabetes management solutions and human diagnostics, including wearable biosensors, today announced results for the quarter ended December 31, 2023 and fiscal year 2023 and key business updates. Business Updates Comprehensive Transformation Plan At the Emerging Growth Investor Conference on March 7, 2024, our new management team announced a comprehensive transformation plan to deliver a step change in the financial performance of our existing business. Our transformation plan for the existing business has several key components that we believe are rapidly achievable, in most cases by mid-2025:We are reducing complexity and cost by consolidating our main manufacturing operations into a considerably...