Day: May 23, 2024

SHENZHEN, China, May 23, 2024 (GLOBE NEWSWIRE) — LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading technology-empowered personal financial service enabler in China, today announced its unaudited financial results for the quarter ended March 31, 2024. “In the first quarter of 2024, Lexin reported total loan origination of RMB58.0 billion, a decrease of 4.8% year-over-year, reflecting a strategy of controlled growth. The outstanding loan balance grew by 13.5% to RMB122 billion on a year-over-year basis”. Jay Wenjie Xiao, Chairman and CEO of Lexin, stated, “During this period, we maintained a conservative outlook on the macroeconomic environment and adhered firmly to prudent business principles. Our goal remains to strike a healthy balance between growth in loan origination and maintaining asset quality.” “Amid...

SHENZHEN, China, May 23, 2024 (GLOBE NEWSWIRE) — Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial and Operational HighlightsDriving new business growth: First Year Premiums (“FYP”) more than doubled sequentially and increased by 29.7% year-over-year to RMB857.2 million, reflecting the progress Huize made in acquiring high-value customers, driving long-term insurance product innovation, and expanding its international presence. Strengthening operating leverage: Operating expenses decreased by 24.9% year-over-year to...

VANCOUVER, British Columbia, May 23, 2024 (GLOBE NEWSWIRE) — WESTERN PACIFIC TRUST COMPANY (TSXV: WP) announces its financial results for the first quarter ending March 31, 2024. The Company reported significant growth across key performance metrics, underscoring its strong market position and operational effectiveness. Key Financial Highlights for Q1-2024:Revenue: $646,407, representing a 9.36% increase compared to Q1-2023Net Income: $206,565 up by 11.92% from Q1-2023Earnings Per Share: $0.0072 reflecting a 12.50% growth year over yearOperating Cash Flow: $119,590, marking a 56.76% increase“We are thrilled to report another strong quarter of growth,” said Alison Alfer, President & CEO of Western Pacific Trust Company. “Our team’s dedication to competitive, responsive, knowledgeable service continues...

MONTRÉAL, May 23, 2024 (GLOBE NEWSWIRE) — Premier Health of America Inc. (TSXV: PHA) (the “Corporation”), a leading Canadian Healthtech company, announces it has filed its Unaudited Quarterly Consolidated Financial Statements and MD&A for its second quarter ended on March 31st, 2024.Highlights(in thousands of Canadian dollars) Mar. 31, 2024(3 months) Mar. 31, 2023(3 months) Mar. 31, 2024(6 months) Mar. 31, 2023(6 months)Revenues 46,277   21,795   83,250   43,371  Gross margin (1) 8,532   5,781   16,189   10,845  Gross margin as a % of revenues 18.4 % 26.5 % 19.4 % 25.0 %Adjusted EBITDA (1) 2,576   1,936   5,198   3,439  Net Income (Loss) (1,531 ) 60   (1,762 ) (316 )(1) See the Corporation’s MD&A for details on these non-Gaap measures. SummaryFirst full quarter of contribution from Solutions...

CALGARY, Alberta, May 23, 2024 (GLOBE NEWSWIRE) — Acceleware® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of transformative technologies targeting the decarbonization of industrial heating, today announced its financial and operating results for the three months ended March 31, 2024 (all figures are in Canadian dollars unless otherwise noted). Acceleware’s results reflect contributions from the Company’s two business units, radio frequency (“RF”) heating for industrial applications using the Company’s proprietary Clean Tech Inverter (“CTI”) including enhanced oil recovery (“RF XL”), and high-performance computing (“HPC”) scientific software. This news release should be read in conjunction with the Company’s unaudited interim condensed financial statements and the accompanying notes for the three...

CALGARY, Alberta, May 23, 2024 (GLOBE NEWSWIRE) — Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) is pleased to announce its second quarter 2024 financial results. The Company’s interim financial statements and notes thereto and Management’s Discussion and Analysis for the three and six months ended March 31, 2024, are available under CPS’s SEDAR+ profile. Highlights The Company devoted its time and resources during the three-month period ended March 31, 2024, to advancing its integrated patterned solar glass manufacturing facility in Selkirk, Manitoba (the “Project”). Specifically, the Company:Continued discussions with certain debt and equity capital investors that have expressed interest in financing the Project; Announced on February 15, 2024 an acknowledgement of the support it received from the Province...