Day: May 22, 2024

Vericel to Present at the Leerink Partners Healthcare Crossroads Conference on Wednesday, May 29, 2024

Written by Customer Service on May 22, 2024. Posted in Public Companies.

CAMBRIDGE, Mass., May 22, 2024 (GLOBE NEWSWIRE) — Vericel Corporation (NASDAQ:VCEL), a leader in advanced therapies for the sports medicine and severe burn care markets, today announced that Nick Colangelo, President and CEO and Joe Mara, CFO will participate in a fireside chat at the Leerink Partners Healthcare Crossroads Conference at 9:40 a.m. ET on Wednesday, May 29, 2024. A webcast of the presentation will be available on the Investor Relations section of the Vericel Corporation website at: http://investors.vcel.com. About Vericel Corporation Vericel is a leading provider of advanced therapies for the sports medicine and severe burn care markets. The Company combines innovations in biology with medical technologies, resulting in a highly differentiated portfolio of innovative cell therapies and specialty biologics that repair...

KULR Secures Test Engineering Contract with Bombardier Recreational Products

Written by Customer Service on May 22, 2024. Posted in Public Companies.

SAN DIEGO, May 22, 2024 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), global leader in safe and high-performance energy storage solutions, is pleased to announce it has been awarded an engineering contract with Bombardier Recreational Products (“BRP”) (NASDAQ: DOOO) for the Company’s Fractional Thermal Runaway Calorimetry (FTRC) testing services. This milestone underscores KULR’s expanding influence and commitment to advancing battery safety in the rapidly growing electric recreational products sector. With an already established presence in space and military safe battery designs, KULR looks to continue discussions and market expansion with potential customers from major electric aviation, electric maritime, EV, and recreational off-road vehicle manufacturers. The...

Kingsoft Cloud Announces Unaudited First Quarter 2024 Financial Results

Written by Customer Service on May 22, 2024. Posted in Earnings Releases And Operating Results.

BEIJING, May 22, 2024 (GLOBE NEWSWIRE) — Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, “We welcome 2024 with an important milestone in our journey of high-quality and sustainable development. Our adjusted EBITDA turned profit, arriving at RMB33.2 million, representing an adjusted EBITDA margin of 1.9%. Our revenue has returned to sequential increase for the past two quarters and our adjusted gross margin has been consecutively increased for seven quarters. During the past year, we have been well on track to optimize our business mix, embrace AI opportunities, invest into...

Robex Resources Inc. Announces Maiden 303koz Indicated Mineral Resources at the Mansounia Deposit

Written by Customer Service on May 22, 2024. Posted in Public Companies.

QUEBEC CITY, May 22, 2024 (GLOBE NEWSWIRE) — Robex Resources Inc. (TSXV: RBX) (“Robex” or the “Company”) is pleased to announce a Mineral Resource Estimate update prepared by Micon International Co Limited (“Micon”) for the Mansounia Central and Mansounia South deposits (collectively, the “Mansounia Deposit”) in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), (the “Mansounia 2024 MRE Update”). Highlights of the Mansounia 2024 MRE Update include:The total contained gold for the Mansounia Indicated Mineral Resources is reported as 303koz following the conversion of 35% of Inferred Mineral Resources to Indicated Mineral Resources compared to the previously announced Mansounia 2023 MRE update1; and The Mansounia 2024 MRE update increases the total in-situ contained gold of...

Brady Corporation Reports Record EPS in its Fiscal 2024 Third Quarter and Raises its Fiscal 2024 EPS Guidance

Written by Customer Service on May 22, 2024. Posted in Earnings Releases And Operating Results.

Sales for the quarter increased 1.9 percent compared to the same quarter of the prior year. Organic sales increased 4.5 percent, foreign currency decreased sales by 0.3 percent and divestitures decreased sales by 2.3 percent. Diluted EPS increased 9.4 percent to a record high of $1.05 in the third quarter of fiscal 2024 compared to $0.96 in the same quarter of the prior year. Diluted EPS Excluding Certain Items* increased 14.7 percent to a record high of $1.09 in the third quarter of fiscal 2024 compared to $0.95 in the same quarter of the prior year. Net cash provided by operating activities was $171.1 million in the nine months ended April 30, 2024 compared to $129.9 million in the nine months ended April 30, 2023. Earnings per diluted Class A Common Share guidance was raised for the full year ending July 31, 2024 from the previous...

GDS Holdings Limited Reports First Quarter 2024 Results

Written by Customer Service on May 22, 2024. Posted in Earnings Releases And Operating Results.

SHANGHAI, China, May 22, 2024 (GLOBE NEWSWIRE) — GDS Holdings Limited (“GDS Holdings”, “GDS”, “GDSH” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China and South East Asia, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial HighlightsNet revenue increased by 9.1% year-over-year (“Y-o-Y”) to RMB2,627.4 million (US$363.9 million) in the first quarter of 2024 (1Q2023: RMB2,409.0 million). Net loss was RMB344.9 million (US$47.8 million) in the first quarter of 2024 (1Q2023: net loss of RMB474.6 million). Adjusted EBITDA (non-GAAP) increased by 4.7% Y-o-Y to RMB1,183.4 million (US$163.9 million) in the first quarter of 2024 (1Q2023: RMB1,130.0 million). See “Non-GAAP Disclosure” and “Reconciliations...

WalkMe Ltd. Announces First Quarter 2024 Financial Results

Written by Customer Service on May 22, 2024. Posted in Earnings Releases And Operating Results.

1Q24 Revenue of $68.6 million at the high end of the guidance range. 1Q24 Non-GAAP Operating Income of $4.4 million or 6% compared to a loss of ($8.8) million or (13%) in 1Q23. Record high Free Cash Flow of $16.6 million and 24% margin compared to cash burn of ($8.3) million and (13%) in 1Q23. Introducing WalkMeX, the industry’s first always on, contextual AI copilot that proactively delivers next best actions to users across any workflow or application.SAN FRANCISCO, May 22, 2024 (GLOBE NEWSWIRE) — WalkMe Ltd. (NASDAQ:WKME), a leading provider of digital adoption solutions for effectively navigating technology change, today announced financial results for its first quarter ended March 31, 2024. Management Commentary “Q1 has been a great kickoff as we turn the corner on growth with a focus on doubling our net new ARR in 2024,”...

BrightSpring Health Services Announces Recently Closed Acquisitions in Multiple Markets

Written by Customer Service on May 22, 2024. Posted in Mergers And Acquisitions.

LOUISVILLE, Ky, May 22, 2024 (GLOBE NEWSWIRE) — BrightSpring Health Services (“BrightSpring” or “the Company”) (NASDAQ: BTSG), a leading provider of home and community-based health services for complex populations, today announced several recent tuck-in and strategic acquisitions as part of its historical and ongoing strategy to drive geographic penetration and expansion, integrated care, and Company growth. “We are excited to welcome these companies into our organization and further strengthen our medical and pharmacy services coverage for individuals in home health to long-term care settings,” said BrightSpring’s President and CEO Jon Rousseau. “At BrightSpring, we strive to grow and integrate our service lines to reach more people in need across the care continuum, endeavoring as best possible to deliver high-quality and impactful...

PDD Holdings Announces First Quarter 2024 Unaudited Financial Results

Written by Customer Service on May 22, 2024. Posted in Earnings Releases And Operating Results.

DUBLIN and SHANGHAI, May 22, 2024 (GLOBE NEWSWIRE) — PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 HighlightsTotal revenues in the quarter were RMB86,812.1 million (US$112,023.3 million), an increase of 131% from RMB37,637.1 million in the same quarter of 2023. Operating profit in the quarter was RMB25,973.7 million (US$3,597.3 million), an increase of 275% from RMB6,929.0 million in the same quarter of 2023. Non-GAAP2 operating profit in the quarter was RMB28,552.2 million (US$3,954.4 million), an increase of 237% from RMB8,462.4 million in the same quarter of 2023. Net income attributable to ordinary shareholders in the quarter was RMB27,997.8 million (US$3,877.7 million), an increase of 246% from...

Photronics Reports Second Quarter Fiscal 2024 Results

Written by Customer Service on May 22, 2024. Posted in Earnings Releases And Operating Results.

BROOKFIELD, Conn., May 22, 2024 (GLOBE NEWSWIRE) — Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today reported financial results for its second quarter of fiscal year 2024 ended April 28, 2024. “Second quarter revenue and gross margin were in line with the first quarter as positive seasonality trends were offset by business headwinds primarily related to temporary soft demand following the Chinese New Year holiday and the impact from earthquakes in Taiwan beginning in early April,” said Frank Lee, chief executive officer. “Order rates, which typically pause during Lunar New Year, have recovered at a slower rate than we typically observe. In addition, the recent earthquakes in Taiwan caused a loss of production across both IC and FPD, resulting in an approximately $3 million revenue...

Day: May 22, 2024

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