Day: May 9, 2024

GFG Signs Binding LOI with Patriot Gold to Sell its Rattlesnake Hills Gold Project

Written by Customer Service on May 9, 2024. Posted in Mergers And Acquisitions.

SASKATOON, Saskatchewan, May 09, 2024 (GLOBE NEWSWIRE) — GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces the signing of a binding letter of intent (the “LOI”) for the sale of its 100% owned Rattlesnake Hills Gold Project (the “Project”) to Patriot Gold Vault Ltd., (“Patriot”). Under the terms of the LOI, which will be formalized by a definitive agreement between the parties within forty-five (45) days (the “Transaction”), Patriot will pay GFG an aggregate consideration of approximately C$3.3 million. “We are excited to announce our agreement with Patriot for the sale of our Rattlesnake Hills Gold Project,” stated Brian Skanderbeg, President and CEO of GFG. “The Patriot team’s impressive track record gives us great confidence in their ability to drive the Project forward from both an exploration...

GoHealth Reports First Quarter 2024 Results

Written by Customer Service on May 9, 2024. Posted in Earnings Releases And Operating Results.

CHICAGO, May 09, 2024 (GLOBE NEWSWIRE) — GoHealth, Inc. (NASDAQ: GOCO) (“GoHealth” or the “Company”), a leading health insurance marketplace and Medicare-focused digital health company, today announced financial results for the three months ended March 31, 2024. First Quarter HighlightsFirst quarter 2024 net revenues of $185.6 million, a slight increase compared to $183.2 million in the prior year period. First quarter 2024 Submissions of 216,148, a 2,503 increase compared to 213,645 Submissions in the prior year period. First quarter 2024 net loss of $21.3 million, an improvement of $1.2 million compared to $22.5 million in the prior year period. First quarter 2024 Adjusted EBITDA(1) of $26.9 million, a decrease of $1.9 million compared to $28.8 million in the prior year period. First quarter 2024 trailing twelve months (“TTM”)...

Vantage Drilling International Ltd. Reports First Quarter 2024 Results

Written by Customer Service on May 9, 2024. Posted in Earnings Releases And Operating Results.

DUBAI, United Arab Emirates, May 09, 2024 (GLOBE NEWSWIRE) — Vantage Drilling International Ltd. (“Vantage” or the “Company”) reported a net loss attributable to controlling interest of approximately $2.9 million or $0.22 per diluted share for the three months ended March 31, 2024, as compared to a net loss attributable to controlling interest of $2.3 million or $0.17 per diluted share for the three months ended March 31, 2023. As of March 31, 2024, Vantage had approximately $67.0 million in cash, including $10.8 million of restricted cash, compared to $84.0 million in cash, including $10.8 million of restricted cash, at December 31, 2023. At March 31, 2024, Vantage maintained $11.1 million of cash pre-funded by our Managed Services customers to address near-term obligations. Excluding cash used in connection with our...

Arhaus Announces First Quarter 2024 Financial Results

Written by Customer Service on May 9, 2024. Posted in Public Companies.

Net Revenue of $295 million, Net Income of $15 million, and Adjusted EBITDA of $29 million Reaffirming Full Year 2024 Outlook BOSTON HEIGHTS, Ohio, May 09, 2024 (GLOBE NEWSWIRE) — Arhaus, Inc. (NASDAQ: ARHS; “Arhaus” or the “Company”), a rapidly growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 HighlightsNet revenue of $295 million Comparable growth(1) of (9.5)% Net and comprehensive income of $15 million Adjusted EBITDA of $29 million2024 Outlook ReaffirmedNet revenue of $1.33 billion to $1.37 billion Comparable growth(1) of (4.0)% to (2.0)% Net and comprehensive income of $95 million to $105 million Adjusted EBITDA of $185 million to $200 millionCEO Comments John Reed, Co-Founder and Chief...

Form 8.3 – Darktrace Plc

Written by Customer Service on May 9, 2024. Posted in Mergers And Acquisitions.

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION(a) Full name of discloser: Jupiter Fund Management Plc(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of Offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Darktrace plc(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date dealing undertaken: For an opening position disclosure,...

Clearway Energy, Inc. Reports First Quarter 2024 Financial Results

Written by Customer Service on May 9, 2024. Posted in Earnings Releases And Operating Results.

Signed agreements with Clearway Group to commit to invest in 55 MW of wind and 257 MW of solar plus storage projects Entered into new Resource Adequacy Contracts for Marsh Landing and Walnut Creek Reaffirming 2024 financial guidance Increasing the quarterly dividend by 1.7% to $0.4102 per share in the second quarter of 2024, or $1.64 per share annualized Continue to target annual dividend per share growth in the upper range of 5% to 8% through 2026PRINCETON, N.J., May 09, 2024 (GLOBE NEWSWIRE) — Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported first quarter 2024 financial results, including Net Loss of $(46) million, Adjusted EBITDA of $211 million, Cash from Operating Activities of $81 million, and Cash Available for Distribution (CAFD) of $52 million. “Clearway remains well positioned to achieve its 2024 financial...

TILT Holdings Secures Funding to Develop Vertical Strategy in Pennsylvania

Written by Customer Service on May 9, 2024. Posted in Public Companies.

PHOENIX, May 09, 2024 (GLOBE NEWSWIRE) — TILT Holdings Inc. (“TILT” or the “Company”) (Cboe: TILT) (OTCQB: TLLTF), a global provider of cannabis business solutions including inhalation technologies, cultivation, manufacturing, processing, brand development and retail, announced today that an experienced retailer and operator (the “Lender”) will lend capital to TILT’s Pennsylvania subsidiary, Standard Farms (“Standard Farms”) in order for Standard Farms to construct and operate dispensaries under Pennsylvania’s Senate Bill 773. Under the Commonwealth of Pennsylvania’s (the “Commonwealth”) Medical Marijuana Program, independent cultivators can apply for one permit that will allow for three dispensary locations. “We applaud the Commonwealth for providing a positive path forward for a small independent grower like TILT’s Standard Farms...

SYLOGIST Reports First Quarter 2024 Results

Written by Customer Service on May 9, 2024. Posted in Public Companies.

Accelerating partner strategy drives record bookings Q1 2024 Financial HighlightsQ1 exiting SaaS ARR up 12% Y/Y to $28.5 million; Total ARR up 7% Y/Y to $42.5 million; SaaS NRR of 106%; Bookings up 18% Y/Y to $9.1 million, 34% of which were partner-attached; Adjusted EBITDA margin of 25.9% or $4.2 million; Gross profit margin of 57%; RPO of $26.8 million; Repurchased 51,800 shares at a total cost of $0.5 million, with an average price of $8.76 per share.CALGARY, Alberta, May 09, 2024 (GLOBE NEWSWIRE) — Sylogist Ltd. (TSX: SYZ) (“Sylogist” or the “Company”), a leading public sector SaaS company, today announced its results for the first quarter of fiscal 2024, ended March 31, 2024. All figures are in Canadian dollars, unless otherwise specified. “I am very pleased with our overall performance in Q1...

GSI Technology Reiterates Key Takeaways From Q4 FY2024 Earnings Call and Provides Q&A

Written by Customer Service on May 9, 2024. Posted in Earnings Releases And Operating Results.

GEMINI-II APU TO TARGET SMALL MODEL ALGORITHMS THAT FIT ENTIRELY INTO THE CHIP’S MEMORY FOR EDGE APPLICATIONS SUNNYVALE, Calif., May 09, 2024 (GLOBE NEWSWIRE) — GSI Technology, Inc. (Nasdaq: GSIT), the inventor of the Associative Processing Unit (APU), a paradigm shift in AI and HPC processing providing true compute-in-memory technology, today reiterated the key highlights from its recent earnings call for the fourth quarter of fiscal year 2024 held on Thursday, May 2, 2024. Key Business Updates from Earnings CallLaunched two high-capacity, low-power 1U and 2U servers integrated with the High-performance Gemini-I APU and designed specifically for SAR (for potential applications in tracking troop and equipment movement, forest fires) and Fast Vector Search (for possible applications in e-commerce, facial recognition, and molecular...

Himax Technologies, Inc. Reports First Quarter 2024 Financial Results; Provides Second Quarter 2024 Guidance

Written by Customer Service on May 9, 2024. Posted in Earnings Releases And Operating Results.

Q1 2024 Revenues, EPS and Gross Margin All Exceeded Guidance Range Issued on February 6, 2024Company Q2 2024 Guidance: Revenues to Increase 8% to 13% QoQ,Gross Margin is Expected to be 31.5% to 33.5%, Profit per diluted ADS to be 13.0 Cents to 17.0 CentsQ1 2024 revenues were $207.6M, a decrease of 8.8% QoQ, exceeding the guidance range of a 9% to 16% decline QoQ. Q1 GM reached 29.3%, outperforming guidance of around 28.5% Q1 2024 after-tax profit was $12.5M, or 7.1 cents per diluted ADS, surpassing the guidance range of 2.0 cents to 5.0 cents Company’s Q2 2024 revenues to increase 8% to 13% QoQ. GM to be in the range of 31.5% to 33.5%, a notable increase from 29.3% in Q1, primarily because of higher sales from automotive and Tcon businesses, both of which enjoy better gross margin than corporate average. Profit per diluted ADS to be...

Day: May 9, 2024

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