Month: May 2024

LeddarTech Reports F2Q24 Results

Written by Customer Service on May 15, 2024. Posted in Earnings Releases And Operating Results.

QUEBEC CITY, Canada, May 15, 2024 (GLOBE NEWSWIRE) — LeddarTech Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, is pleased today to announce financial results for its fiscal second quarter 2024, which ended on March 31, 2024. “I am pleased to report our meaningful progress with several automotive OEM and Tier 1 customers, reaching several significant milestones, including responding to requests for information and quotes (RFI/RFQs), proof of concepts (POCs) and joint customer demonstrations. The strides we are making to establish LeddarTech’s LeddarVision software as the benchmark for automotive fusion and perception, in partnership with industry...

AppTech Payments Corp. Reports Strong Start to 2024 with Positive First Quarter Financial Results and Strategic Business Advances

Written by Customer Service on May 15, 2024. Posted in Earnings Releases And Operating Results.

SAN DIEGO, May 15, 2024 (GLOBE NEWSWIRE) — AppTech Payments Corp. (NASDAQ: APCX), a pioneering Fintech company powering frictionless commerce, today announced its financial results for the first quarter ended March 31, 2024, demonstrating significant revenue growth and strategic progress. Financial Highlights:Revenue Growth: Reported revenue of approximately $105,000 for Q1 2024, reflecting an 18% increase from $89,000 in the same period last year, driven primarily by dynamic licensing activities and innovative product enhancements. Operating Efficiency: Operating expenses were strategically reduced to $3.1 million, a 13% decrease from the previous year, reflecting internal focus on cost management and operational efficiency through advanced technologies. Net Loss Improvement: Our net loss was reduced to $(3.0) million, a 4%...

ERES REIT Declares May 2024 Monthly Distribution

Written by Customer Service on May 15, 2024. Posted in Public Companies.

TORONTO, May 15, 2024 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is pleased to announce that the trustees of ERES have declared the May 2024 monthly cash distribution of €0.01 per Unit and Class B LP Unit (the “May Distribution”), being equivalent to €0.12 per Unit annualized. The distribution will be payable to holders of the Units and Class B LP Units (the “Unitholders”) of record on May 31, 2024, with payment on June 17, 2024. The Euro-denominated distribution will be paid in Canadian dollars based on the exchange rate on the date of payment (estimated C$0.01468 per Unit and Class B LP Unit). Registered Unitholders will be provided with an option to elect to receive such distribution in Euros rather than Canadian dollars. If no such election is made, registered Unitholders will...

Solid Biosciences Provides First Quarter 2024 Business Update and Financial Results

Written by Customer Service on May 15, 2024. Posted in Earnings Releases And Operating Results.

— Received Rare Pediatric Disease and Orphan Drug Designation for Duchenne musculardystrophy (Duchenne) gene therapy candidate SGT-003 with patient dosing in Phase 1/2 trialexpected Q2 2024 — — Company entered into non-exclusive licensing agreement for use of its proprietary, muscle-targeted AAV-SLB101 capsid — — Company ends first quarter 2024 with approximately $206.1 million in cash and investments.Solid has anticipated cash runway into 2026 — CHARLESTOWN, Mass., May 15, 2024 (GLOBE NEWSWIRE) — Solid Biosciences Inc. (Nasdaq: SLDB), a life sciences company developing precision genetic medicines for neuromuscular and cardiac diseases, today reported financial results for the first quarter ended March 31, 2024, and provided a business update. “In the first quarter of 2024, we continued our focus on executing across our pipeline...

Microbix Reports Strong Results for Q2 Fiscal 2024

Written by Customer Service on May 15, 2024. Posted in Earnings Releases And Operating Results.

Revenues of $5.6 million and Net Income of $0.4 million MISSISSAUGA, Ontario, May 15, 2024 (GLOBE NEWSWIRE) — Microbix Biosystems Inc. (TSX: MBX, OTCQX: MBXBF, Microbix®), a life sciences innovator, manufacturer, and exporter, reports results for its second quarter and first half of fiscal 2024 ended March 31, 2024 (“Q2” and “H1”), with strong growth in sequential and year-over-year quarterly revenues, reflective of ongoing progress to increase sales from its diagnostic-test related ingredients and devices businesses and resulting in net income for Q2 and H1. Management DiscussionResults for Q2 show robust growth in sales of Microbix’s test ingredients (“Antigens”) and test quality assessment products (“QAPs™”), which were collectively up by 34% versus prior year. The resulting revenues of over C$ 5.6 million led to meaningful...

BurgerFi Reports First Quarter 2024 Results

Written by Customer Service on May 15, 2024. Posted in Earnings Releases And Operating Results.

Conference Call Today, May 15, 2024, at 8:30 a.m. ET FORT LAUDERDALE, Fla., May 15, 2024 (GLOBE NEWSWIRE) — BurgerFi International, Inc. (Nasdaq: BFI, BFIIW) (“BurgerFi” or the “Company”), owner of BurgerFi, one of the nation’s leading fast-casual “better burger” dining brands, and Anthony’s Coal Fired Pizza & Wings (“Anthony’s”), the high-quality, casual dining pizza brand, today reported financial results for the first quarter ended April 1, 2024. Highlights for the First Quarter 2024Total revenue was $42.9 million in the first quarter 2024 compared to $45.7 million in the prior periodConsolidated systemwide sales decreased to $66.0 million compared to $73.4 million in the prior period Same-store sales decreased 2% at Anthony’s compared to the prior period Systemwide sales for BurgerFi decreased 17% to $33.4 million...

Edible Garden Reports Significant 27.6% Year-Over-Year Revenue Growth for First Quarter of 2024

Written by Customer Service on May 15, 2024. Posted in Earnings Releases And Operating Results.

195.8% Gross Profit Increase in Q1 2024 with Gross Margin Increasing by 171 Basis Points 95% of Edible Garden Fresh Product Line Being Produced at Company-Owned Facilities – Strategic Pivot Away from Third-Party Growers Marks a Turn Toward Higher Expected Profits Vertical Integration Expected to Pay Off – Company Plans to Boost Margins in the Coming Quarters Conference Call to Be Held Today at 8:00 am ET. BELVIDERE, N.J., May 15, 2024 (GLOBE NEWSWIRE) — Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL), a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products, today provided a business update and reported financial results for the three months ended March 31, 2024. Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented,...

Renalytix Reports Financial Results for Third Quarter of Fiscal Year 2024

Written by Customer Service on May 15, 2024. Posted in Earnings Releases And Operating Results.

LONDON and NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) — Renalytix plc (NASDAQ: RNLX) (LSE: RENX), an artificial intelligence-enabled in vitro diagnostics company, focused on optimizing clinical management of kidney disease to drive improved patient outcomes and advance value-based care, today reported financial results for the fiscal third quarter ended March 31, 2024. The Company made continued progress towards commercial adoption with inclusion of KidneyIntelX in clinical guidelines, issuance of a Medicare coverage draft, performance of new direct to physician sales force, April launch of U.S. Food and Drug Administration (“FDA”) De Novo authorized kidneyintelX.dkd, and release of new real-world outcomes evidence. Optimization of shareholder value continues with year over year significant expense reductions, completion of equity...

Bitfarms Reports First Quarter 2024 Results

Written by Customer Service on May 15, 2024. Posted in Earnings Releases And Operating Results.

– Revenue of $50 million, up 9% Q/Q and 67% Y/Y –– Gross mining margin of 59%, up from 52% in Q4 2023 & 41% in Q1 2023 –– Secured additional 24,000 miners in March, increasing total delivery to 88,000 in 2024 –– Current hashrate of 7.0 EH/s, up from 6.5 EH/s at year end –– On track to achieve guidance of 21 EH/s and 21 w/TH in 2024 – This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, May 15, 2024 (GLOBE NEWSWIRE) — Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin vertically integrated company, reported its financial results for the first quarter ended March 31, 2024. All financial...

Prime Drink Group Corp. Enters Into Definitive Agreement to Acquire Triani Canada Inc.

Written by Customer Service on May 15, 2024. Posted in Mergers And Acquisitions.

MONTREAL, May 15, 2024 (GLOBE NEWSWIRE) — Prime Drink Group Corp. (CSE:PRME) (“Prime” or the “Company”) announces that it has entered into a share purchase agreement dated May 14, 2024 (the “Share Purchase Agreement”) with 9296-0186 Québec Inc. (“9296”), the shareholders of 9296 (together with 9296, the “Vendors”), and Angelpart Ventures Inc., whereby the Company will acquire all of the issued and outstanding common shares (“Triani Shares”) of Triani Canada Inc. (“Triani”), subject to the terms and conditions described therein (the “Transaction”). All currency references herein are in Canadian currency unless otherwise specified. The Transaction will constitute a “fundamental change” for the Company pursuant to the rules and policies of the Canadian Securities Exchange (the “CSE”). In connection with the closing of the Transaction,...

Month: May 2024

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