Month: May 2024

Infinera Corporation Fourth Quarter and Fiscal 2023 Summary of Key Financial Results

Written by Customer Service on May 13, 2024. Posted in Earnings Releases And Operating Results.

SAN JOSE, Calif., May 13, 2024 (GLOBE NEWSWIRE) — Infinera Corporation (NASDAQ: INFN) has issued a press release with a summary of key financial results for the fourth quarter and fiscal year ended December 30, 2023. The press release is also published on Infinera’s Investor Relations website. GAAP revenue for the quarter was $453.5 million compared to $392.4 million in the third quarter of 2023 and $485.9 million in the fourth quarter of 2022. GAAP gross margin for the quarter was 38.6% compared to 40.3% in the third quarter of 2023 and 37.1% in the fourth quarter of 2022. GAAP operating margin for the quarter was 2.5% compared to 2.0% in the third quarter of 2023 and 5.2% in the fourth quarter of 2022. GAAP net income for the quarter was $12.9 million, or $0.06 per diluted share, compared to net loss of $(9.4) million, or $(0.04)...

Urgently Announces First Quarter 2024 Financial Results

Written by Customer Service on May 13, 2024. Posted in Earnings Releases And Operating Results.

First Quarter Performance Reflects Continued Margin Expansion VIENNA, Va., May 13, 2024 (GLOBE NEWSWIRE) — Urgent.ly Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today reported financial results for the first quarter ended March 31, 2024. “Our first quarter financial performance was in line with our expectations. We made continued progress with our strategic initiatives to drive gross margin expansion through operational efficiencies and disciplined expense management. During the quarter, revenue exceeded our expectations and we delivered gross margin expansion of 4 percentage points, a 19% improvement in GAAP operating loss, and a 6% improvement in non-GAAP operating loss compared to the first quarter of 2023. We see this year as our opportunity...

iBio Reports Fiscal Third Quarter 2024 Financial Results and Provides Corporate Update

Written by Customer Service on May 13, 2024. Posted in Earnings Releases And Operating Results.

Strengthened cash position with investment by healthcare specialist investors Expanding into cardio-metabolic space through AstralBio collaborationBRYAN, Texas and SAN DIEGO, May 13, 2024 (GLOBE NEWSWIRE) — iBio, Inc. (NYSEA:IBIO) (“iBio” or the “Company”), an AI-driven innovator of precision antibody immunotherapies, today reported financial results for the third quarter ended March 31, 2024 and provided a corporate update. “In our third fiscal quarter, we continued to advance toward our goal of becoming a leading antibody discovery company with a differentiated machine-learning platform,” said Dr. Martin Brenner, CEO and Chief Scientific Officer. “Along with our recent equity financing, we secured a transformative partnership with AstralBio to discover and develop novel antibodies to treat obesity and other cardiometabolic...

Hyperfine, Inc. Reports First Quarter 2024 Financial Results

Written by Customer Service on May 13, 2024. Posted in Earnings Releases And Operating Results.

GUILFORD, Conn., May 13, 2024 (GLOBE NEWSWIRE) — Hyperfine, Inc. (Nasdaq: HYPR), the groundbreaking health technology company that has redefined brain imaging with the first FDA-cleared portable magnetic resonance (MR) brain imaging system—the Swoop® system—today announced first quarter 2024 financial results and provided a business update. “We have kicked off 2024 strong. I am pleased with our commercial progress shown by sales across US and international accounts, as well as the important milestones we hit in Q1 by commencing CARE PMR study enrollment in Alzheimer’s and launching our 8th generation AI-powered software,” said Maria Sainz, Chief Executive Officer and President of Hyperfine, Inc. “Commercialization, Clinical Evidence, and Innovation remain our three value drivers. In Q1, we demonstrated that our team is capable...

180 Degree Capital Corp. Reports Net Asset Value per Share (“NAV”) of $5.16 as of March 31, 2024

Written by Customer Service on May 13, 2024. Posted in Earnings Releases And Operating Results.

MONTCLAIR, N.J., May 13, 2024 (GLOBE NEWSWIRE) — 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital” and the “Company”), today reported its financial results as of March 31, 2024, and noted additional developments from the second quarter of 2024. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. “The first quarter of 2024 continued overall positive trends both in terms of increases of our net asset value per share (“NAV”) and microcapitalization-focused indices,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. “Our +4.7% gross total return in our public portfolio was the primary contributor to the growth of NAV from $5.02 to $5.16. As we noted in our press release on May 1, 2024, the pressure on microcapitalization stocks that...

Stereotaxis Announces Definitive Agreement to Acquire Access Point Technologies

Written by Customer Service on May 13, 2024. Posted in Mergers And Acquisitions.

ST. LOUIS, May 13, 2024 (GLOBE NEWSWIRE) — Stereotaxis (NYSE: STXS), a pioneer and global leader in surgical robotics for minimally invasive endovascular intervention, today announced that it has entered into a definitive share purchase agreement under which Stereotaxis will acquire Access Point Technologies EP (APT), a privately-held Minnesota-based developer of innovative electrophysiology catheters. “Acquiring APT provides Stereotaxis with high-quality catheter development and manufacturing capabilities, and will amplify and accelerate Stereotaxis’ efforts to advance the treatment of complex arrhythmias and the adoption of robotics broadly within endovascular surgery,” said David Fischel, Stereotaxis Chairman and CEO. “The acquisition offers valuable commercial synergies, strengthens us strategically, and was pursued in a financially-prudent...

ASM International N.V. announces voting results of the Annual General Meeting

Written by Customer Service on May 13, 2024. Posted in Public Companies.

Almere, The Netherlands May 13, 2024 ASM International N.V. (Euronext Amsterdam: ASM) today announces the voting results of its Annual General Meeting held on May 13, 2024, in the Van der Valk Hotel Almere, in Almere, the Netherlands. The shareholders approved all resolutions as proposed to the Annual General Meeting. The main resolutions include the following:The annual accounts 2023 were approved and adopted. A regular dividend of €2.75 per common share was approved. Mr. Lamouche was reappointed, and Ms. Micki and Mr. Van den Brink were appointed as members of the Supervisory Board. Ernst & Young Accountants LLP was appointed as auditor for the financial year 2025. A change of the remuneration policy for, and remuneration of, the Supervisory Board was also approved. An amendment to ASM’s articles of association was approved.Furthermore,...

Sword Group: Important wins with EUROCONTROL & THE EUROPEAN INVESTMENT FUND

Written by Customer Service on May 13, 2024. Posted in Public Companies.

Sword Technologies S.A., a Sword Group company, – in collaboration with Twenty8 S.A. has signed two contracts with EUROCONTROL, the European Organisation for the Safety of Air Navigation. The duration of the contracts is 7 years with a foreseen revenue for Sword of more than €28 million. – in a consortium with Fujitsu, PwC and CTG, wins a 4-year framework contract with the European Investment Fund (EIF) with a total budget of €60 million shared among five consortia. The contract with EUROCONTROL, a civil and military intergovernmental organisation, in which 41 countries participate as members, with the single mission of optimising the overall performance of the European air traffic management network, concerns the support, maintenance, development and modernisation of digital enterprise applications, including several SaaS,...

Source Energy Services Announces Updated Conference Call Playback Number

Written by Customer Service on May 13, 2024. Posted in Public Companies.

CALGARY, Alberta, May 13, 2024 (GLOBE NEWSWIRE) — TSX:SHLE UPDATED RESULTS CONFERENCE CALL PLAYBACK ACCESS: Source would like to provide an updated playback access number for its Q1 2024 earnings conference call. Interested parties can access the recording until the end of day June 10, 2024. Below are the details to access the call playback: Toll-Free Playback Number: 1-855-669-9658 (toll-free in Canada and the US) 1-604-674-8052 (long distance charges may apply) Replay Access Code: 0814 ABOUT SOURCE ENERGY SERVICES Source Energy Services is a company that focuses on the integrated production and distribution of frac sand, as well as the distribution of other bulk completion materials not produced by Source. Source provides its customers with an end-to-end solution for frac sand supported by its Wisconsin and Peace River...

Changes in Eimskip‘s Board of Directors

Written by Customer Service on May 13, 2024. Posted in Public Companies.

Today Eimskip received a notification from Jóhanna á Bergi where she resigns as an alternate member of the Board of Directors of the Company as she will become a board member of Royal Arctic Line.

Month: May 2024

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