Day: May 7, 2024

AFFO Per Share Increased 6% Compared to Fourth Quarter 2023On Target to Reach High End of Disposition Guidance of $600 Million; Currently 7.2% Cash Cap Rate on Occupied DispositionsCompany Reaffirms 2024 Guidance NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) — Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”), an internally managed real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of strategically located commercial real estate properties, announced today its financial and operating results for the quarter ended March 31, 2024. First Quarter 2024 HighlightsRevenue was $206.0 million compared to $206.7 million in fourth quarter Net loss attributable to common stockholders was $34.7 million, compared to net loss of $59.5 million in fourth quarter 2023 Core Funds from Operations...

NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) — FTAI Infrastructure Inc. (NASDAQ:FIP) (the “Company” or “FTAI Infrastructure”) today reported financial results for the first quarter 2024. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release. Financial Overview(in thousands, except per share data) Selected Financial Results Q1’24Net Loss Attributable to Stockholders $         (56,582 )Basic and Diluted Loss per Share of Common Stock $         (0.54 )Adjusted EBITDA (1) $         27,231  Adjusted EBITDA – Four core segments (1)(2) $         37,168  _______________________________(1) For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press release.(2) Excludes Sustainability...

HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) today announced its first quarter 2024 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov. The company will hold a conference call to discuss the results on Wednesday, May 8, 2024, at 1 p.m. Eastern/12 p.m. Central. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. Participants may pre-register for the conference call at https://dpregister.com/sreg/10186952/fbbd49d788. A recording of the webcast will be posted on the Investor Relations section of the company’s...

Reiterates Full Year 2024 Financial Guidance PRINCETON, N.J., May 07, 2024 (GLOBE NEWSWIRE) — Certara, Inc. (Nasdaq: CERT), a global leader in biosimulation, today reported its financial results for the first quarter of fiscal year 2024. First Quarter Highlights:Revenue was $96.7 million, compared to $90.3 million in the first quarter of 2023, representing growth of 7%. Software revenue was $39.3 million, compared to $33.0 million in the first quarter of 2023, representing growth of 19%. Services revenue was $57.3 million, flat compared to $57.3 million in the first quarter of 2023.Net loss was $4.7 million, compared to a net income of $1.4 million in the first quarter of 2023. Adjusted EBITDA was $29.1 million, compared to $32.3 million in the first quarter of 2023.“I am pleased with our first quarter financial...

AUDUBON, Pa., May 07, 2024 (GLOBE NEWSWIRE) — Globus Medical, Inc. (NYSE: GMED), a leading musculoskeletal solutions company, today announced its financial results for the quarter ended March 31, 2024.Worldwide net sales were $606.7 million, an increase of 119.3%, or 119.8% on a constant currency basis GAAP net loss for the quarter was $7.1 million GAAP diluted earnings per share (“EPS”) was ($0.05) and non-GAAP diluted EPS was $0.72 Non-GAAP adjusted EBITDA was $166.6 million, or 27.5% of net sales“Since the NuVasive merger closed in September of last year, we worked aggressively to execute our integration strategy and are making significant progress towards rapidly reaching steady state. I am pleased with the first quarter results delivered by strong teamwork and partnership throughout our organization. Surgeons and hospitals...

Q1 OverviewResearch & Development Revenue of $6.3 Million Improved Capital Structure Reflected in Cash of $10.2 Million DeepView AI®-Burn Devices Deployed in UK; Expect Commercial Revenue in 2H 2024Additional Regulatory Submissions in US and UK for DeepView™ System Expected in 2024 and 2025DALLAS, May 07, 2024 (GLOBE NEWSWIRE) — Spectral AI, Inc. (Nasdaq: MDAI) (“Spectral AI” or the “Company”), an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, today announced financial results for the first quarter ended March 31, 2024 (“Q1 2024”) and provided an update on its ongoing business activities. “During the first quarter we continued to execute against our strategic priorities resulting in significant accomplishments across the enterprise,”...

Dallas, Texas, May 07, 2024 (GLOBE NEWSWIRE) — CompX International Inc. (NYSE American: CIX) announced today sales of $38.0 million for the first quarter of 2024 compared to $41.2 million in the same period of 2023. Operating income was $3.7 million in the first quarter of 2024 compared to $7.0 million in the same period of 2023. Net income was $3.7 million, or $.31 per basic and diluted common share, for the first quarter of 2024 compared to $6.1 million, or $.49 per basic and diluted common share, in the same period of 2023. Net sales decreased in the first quarter of 2024 compared to the same period in 2023 due to lower Marine Components sales primarily to the towboat market, partially offset by higher Security Products sales to the government security market. Operating income decreased during the first quarter of 2024 predominantly...

First Quarter Net Loss Improved by 80.0% Year Over Year and Adjusted EBITDA Loss Improved by 38.4% Affirms Second Half 2024 Adjusted EBITDA Profitability Target NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) — Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) today announced results for the first quarter ended March 31, 2024.  First Quarter HighlightsFirst quarter 2024 net revenue declined 42.0% to $20.2 million, compared to $34.9 million in the first  quarter of 2023. First quarter 2024 gross margin improved to 65.1%, compared to 54.8% in the first quarter of 2023, primarily reflecting the positive impact of our SKU rationalization efforts and less liquidation of high cost inventory compared to the prior period. First quarter 2024 contribution margin improved to 14.1% from 5.9% in the first quarter of 2023, primarily reflecting...

—Closes Acquisition of Industrial Property——Sells Two Assets and Secures Contracts for Three Additional Sales — GREAT NECK, N.Y., May 07, 2024 (GLOBE NEWSWIRE) — One Liberty Properties, Inc. (the “Company” or “One Liberty”) (NYSE: OLP), a real estate investment trust focused on net leased properties, today announced operating results for the quarter ended March 31, 2024. “We remained focused on the goal of transforming our portfolio towards industrial ownership in the first quarter, working to execute on targeted and opportunistic sales and strategic acquisitions. These efforts led to the sale during the quarter of a restaurant, and subsequent to quarter end, to the addition of an industrial property, along with the sales and pending sales of four assets, including the sales of two retail properties and a restaurant,” stated Patrick...