Month: April 2024

NXP Semiconductors Reports First Quarter 2024 Results

Written by Customer Service on April 29, 2024. Posted in Earnings Releases And Operating Results.

EINDHOVEN, The Netherlands, April 29, 2024 (GLOBE NEWSWIRE) — NXP Semiconductors N.V. (NASDAQ: NXPI) today reported financial results for the first quarter, which ended March 31, 2024. “NXP delivered quarterly revenue of $3.13 billion, in-line with the midpoint of guidance with all our focus end-markets performing as expected. Our first-quarter results, guidance for the second quarter, and our early views into the second half of the year underpin a cautious optimism that NXP is successfully navigating through this industry-wide cyclical downturn. We continue to manage what is in our control enabling NXP to drive solid profitability and earnings in a challenging demand environment,” said Kurt Sievers, NXP President and Chief Executive Officer. Key Highlights for the First Quarter 2024:Revenue was $3.13 billion, up 0.2 percent...

OpGen Provides Update on Business Operations and Strategic Opportunities

Written by Customer Service on April 29, 2024. Posted in Mergers And Acquisitions.

ROCKVILLE, Md., April 29, 2024 (GLOBE NEWSWIRE) — OpGen, Inc. (Nasdaq: OPGN, “OpGen” or “the Company”) announced today that it entered into an agreement to sell its commercial customer contracts and installed base of Unyvero systems to Camtech Pte Ltd (“Camtech”), a Singaporean family office for $218,000. The transaction follows Camtech’s prior acquisition of all of Curetis GmhH’s (“Curetis”), the Company’s subsidiary, Unyvero assets, rights and businesses, as part of Curetis’ insolvency proceedings. In addition, the Company’s subsidiary, Ares Genetics GmbH, sold all of its assets, including the ARESdb database and intellectual property portfolio to bioMerieux S.A., as part of Ares Genetics’ insolvency proceedings. Since the sales of both Curetis and Ares Genetics’ assets occurred as part of their insolvency proceedings, OpGen...

The Simply Good Foods Company to Acquire Only What You Need (OWYN)

Written by Customer Service on April 29, 2024. Posted in Mergers And Acquisitions.

Adds a fast-growing, on trend, ready-to-drink protein shake brand to Simply Good Foods’ portfolio A scalable, growth-oriented complementary brand with a large and growing addressable market OWYN is the leading plant-based, allergen-free RTD protein shake in the marketplace Management will host a conference call and webcast today at 5:00 p.m. ETDENVER and NEW YORK, April 29, 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, and Only What You Need (“OWYN”), a leading plant-based ready-to-drink (“RTD”) protein shake brand, today announced that the companies have entered into a definitive agreement under which Simply Good Foods will acquire OWYN for $280 million in cash. Only What You Need...

Woodward Reports Second Quarter Fiscal Year 2024 Results

Written by Customer Service on April 29, 2024. Posted in Earnings Releases And Operating Results.

Raises Full-Year Guidance FORT COLLINS, Colo., April 29, 2024 (GLOBE NEWSWIRE) — Woodward, Inc. (NASDAQ:WWD) today reported financial results for its second quarter of fiscal year 2024. All amounts are presented on an as reported (U.S. GAAP) basis unless otherwise indicated. All per share amounts are presented on a fully diluted basis. All comparisons are made to the same period of the prior year unless otherwise stated. Second Quarter OverviewNet sales were $835 million, compared to $718 million, an increase of 16 percent. Net earnings were $98 million, or $1.56 per share, compared to net earnings of $36 million, or $0.58 per share. Adjusted net earnings1 were $101 million, or $1.62 per share, compared to adjusted net earnings of $62 million, or $1.01 per share. Net cash provided by operating activities was $144 million for...

Ekso Bionics Announces First Quarter 2024 Financial Results

Written by Customer Service on April 29, 2024. Posted in Earnings Releases And Operating Results.

SAN RAFAEL, Calif., April 29, 2024 (GLOBE NEWSWIRE) — Ekso Bionics Holdings, Inc. (Nasdaq: EKSO) (the “Company” or “Ekso Bionics”), an industry leader in exoskeleton technology for medical and industrial use, today reported financial results for the three months ended March 31, 2024. Recent Highlights and AccomplishmentsReceived final payment determination for Medicare reimbursement from the Centers for Medicare & Medicaid Services (“CMS”) for Ekso Indego Personal Reported revenues of $3.8 million for the first quarter of 2024 Achieved gross margin of 52% for the quarter ended March 31, 2024 Sold a total of 29 EksoHealth units in the first quarter of 2024“We started 2024 by making meaningful progress on our long-term business objectives highlighted by CMS’ final payment determination of our Ekso Indego Personal for Medicare...

Lucas Announces Fiscal Year 2023 Financial Results with 92.3% Growth, Reaching Revenue at $208M

Written by Customer Service on April 29, 2024. Posted in Earnings Releases And Operating Results.

Conference call will be held today, Monday, April 29 at 4:30pm ET NEW YORK, April 29, 2024 (GLOBE NEWSWIRE) — Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (the “AI”) technology-driven Platform-as-a-Service (the “PaaS”) company currently focusing on offering human capital management services, today announced its financial results for fiscal year of 2023. Full Year 2023 Financial HighlightsRevenues of RMB1,474 million (US$208 million), representing a 92.3% increase versus 2022. Gross margin of 28.4%, representing a 32bps increase versus 2022. Net income of RMB78 million (US$11 million), representing a 115% increase versus 2022.Recent Operational HighlightsActive registered users increased by 48% to 638,020 in 2023 as compared to 2022. Grew corporate customers to 582 in 2023, versus...

Safe Bulkers, Inc. Reports First Quarter 2024 Results and Declares Dividend on Common Stock

Written by Customer Service on April 29, 2024. Posted in Earnings Releases And Operating Results.

MONACO, April 29, 2024 (GLOBE NEWSWIRE) — Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three month periods ended March 31, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock.Financial highlights In million U.S. Dollars except per share data Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023Net revenues 81.7 82.3 64.7 70.6 66.8Net income 25.3 27.6 15.0 15.4 19.3Adjusted Net income1 24.2 29.5 11.1 15.3 14.2EBITDA2 47.9 48.8 34.8 34.4 38.2Adjusted EBITDA 2 46.8 50.7 30.9 34.3 33.1Earnings per share basic and diluted3 0.21 0.23 0.12 0.12 0.15Adjusted...

GeneDx Reports First Quarter 2024 Financial Results and Business Highlights

Written by Customer Service on April 29, 2024. Posted in Earnings Releases And Operating Results.

Reported first quarter 2024 revenue from continuing operations1 of $61.5M with 96% year-over-year growth of exome and genome test revenue Expanded first quarter 2024 adjusted gross margins2 from continuing operations to 61% Narrowed first quarter 2024 adjusted net loss2 to $8.5M and delivered 71% year-over-year cash burn reduction Raised guidance to deliver between $235M and $245M in FY 2024 revenue and reiterate path to profitability in 2025 GeneDx to host conference call today at 4:30 p.m. ET STAMFORD, Conn., April 29, 2024 (GLOBE NEWSWIRE) — GeneDx Holdings Corp. (Nasdaq: WGS), a leader in delivering improved health outcomes through genomic insights, today reported its financial results for the first quarter of 2024. “Our strong first quarter results reflect our continued dedication to our three key organizational focuses:...

Pathfinder Bancorp, Inc. Announces First Quarter 2024 Net Income of $2.1 Million

Written by Customer Service on April 29, 2024. Posted in Earnings Releases And Operating Results.

Strategic Growth and Prudent Expense Management Shape Bank Performance Despite Economic Challenges OSWEGO, N.Y., April 29, 2024 (GLOBE NEWSWIRE) — Pathfinder Bancorp, Inc. (“Company”) (NASDAQ: PBHC), the holding company for Pathfinder Bank (“Bank”), announced first quarter 2024 net income available to common shareholders of $2.1 million, or $0.34 per basic and diluted share, compared to $2.6 million, or $0.43 per basic and diluted share, for the first quarter of 2023. The Company’s total revenue, which is comprised of net interest income, before provision for credit losses, and total noninterest income, for the first quarter of 2024 was $11.1 million, a decrease of $423,000, or 3.7%, when compared to the same quarter in 2023. Performance Highlights for Three Months Ended March 31, 2024: The Bank’s Board of Directors...

Lantronix Reports Record Revenue for Third Quarter of Fiscal 2024

Written by Customer Service on April 29, 2024. Posted in Earnings Releases And Operating Results.

Third Quarter Net Revenue of $41.2 Million, up 11 Percent Sequentially and up 25 Percent Year-Over-Year Third Quarter GAAP EPS of ($0.01) vs. ($0.08) in the Prior Year Third Quarter Non-GAAP EPS of $0.11 vs. $0.06 in the Prior YearIRVINE, Calif., April 29, 2024 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, today reported results for its third quarter of fiscal 2024. Net revenue totaled $41.2 million, up 11 percent sequentially and up 25 percent year-over-year. GAAP EPS of ($0.01), compared to ($0.08) in the prior year and ($0.07) in the prior quarter. Non-GAAP EPS of $0.11, compared to $0.06 in the prior year and $0.08 in the prior quarter. Business Outlook For the fourth fiscal quarter of 2024, the company expects revenue in a range of $46.5 million to $51.5...

Month: April 2024

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