Month: May 2024

OTTAWA, May 10, 2024 (GLOBE NEWSWIRE) — Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, today announced its financial results for the quarter ended March 31, 2024. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (IFRS) unless otherwise noted. “I am pleased with our financial and operating performance for the first quarter,” commented Dan Goldberg, Telesat’s President and CEO. “We remain on track to meet our 2024 guidance and, as a result of our continued disciplined execution, delivered industry-leading Adjusted EBITDA margins1, high capacity utilization, a substantial contractual backlog2 of $1.2 billion, and a cash balance of $1.8 billion.” Goldberg added: “Our focus this year remains twofold. First, in our geostationary activities,...

First Quarter Revenue of $63.1 million versus $64.9 million in the prior year period First Quarter Net Loss of $(5.7) million First Quarter Adjusted EBITDA of $16.3 million Expanded video lottery terminal placements by Western Canada Lottery Corporation with 720 Additional Valor™ Terminals in Saskatchewan Announced the exclusive launch of its NBA Re-Play Virtual Sports product with long-time partner OPAPNEW YORK, May 10, 2024 (GLOBE NEWSWIRE) — Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ: INSE), a leading B2B provider of gaming content, technology, hardware and services, today reported financial results for the three-month period ended March 31, 2024. “As we begin 2024, we remained focused on our long-term strategy to shift a greater proportion of our earnings to our aggregate digital business,...

Dorel Juvenile confident of continued growth Dorel Home significantly reduces operating lossMONTREAL, May 10, 2024 (GLOBE NEWSWIRE) — Dorel Industries Inc. (TSX: DII.B, DII.A) today announced results for the first quarter ended March 31, 2024.     Revenue was US$351.1 million, up 5.4%, from US$333.2 million a year ago. Net loss for the first quarter was US$17.6 million or US$0.54 per diluted share compared with US$31.5 million or US$0.97 per diluted share last year. Adjusted net loss1 was US$16.9 million or US$0.52 per diluted shares versus US$31.5 million or US$0.97 per diluted share a year ago. “Dorel Juvenile posted significant gains year-over-year, with adjusted operating profit1 improving by US$10.1 million versus last year’s first quarter. Internal optimism is high as the segment is capitalizing on its introduction of...

First Quarter Highlights and Recent DevelopmentsFirst quarter revenue of $12.6 million Company remains focused on purchase orders, operational efficiencies, quality and customer service Total backlog now stands at $1.8 billion Continue to expect to achieve quarterly profitability in 2024AUSTIN, Texas, May 10, 2024 (GLOBE NEWSWIRE) — FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced financial results for the first quarter ended March 31, 2024. First Quarter Results“The company’s first-quarter results were in line with our targets,” said Shaker Sadasivam, Chairman of the Board of FTC Solar. “During the quarter, the company remained focused on advancing key initiatives that will support future growth and profitability including improving...

Generated record quarterly net revenues of $137.4 million, representing year-over-year growth of 28.7%, net income to common shareholders of $17.8 million, and GAAP diluted earnings per share of $0.82 Delivered record adjusted non-GAAP EBITDA of $37.6 million, and adjusted non-GAAP diluted earnings per share of $1.21 Rare Disease business delivered Q1 net revenues of $36.9 million, representing year-over-year growth of 126.2% Reiterated 2024 guidance of net revenues of $520 million to $542 million, adjusted non-GAAP EBITDA of $135 million to $145 million and adjusted non-GAAP earnings per share of $4.26 to $4.67 Guidance includes Purified Cortrophin® Gel (Repository Corticotrophin Injection USP) 80 U/ml (Cortrophin Gel) net revenues of $170 million to $180 million, representing year-over-year growth of 52% to 61%BAUDETTE, Minn., May...

MIAMI BEACH, Fla., May 10, 2024 (GLOBE NEWSWIRE) — AirSculpt Technologies, Inc. (NASDAQ:AIRS) (“AirSculpt” or the “Company”), a national provider of premium body contouring procedures, today announced results for the first quarter ended March 31, 2024. First QuarterCases increased 2.9% over the prior year period to 3,746 Revenue increased 3.9% over the prior year to $47.6 million Net income of $6.0 million for the quarter compared to $(0.0) million in the prior year period Diluted income per share for the quarter of $0.10 Six planned openings in 2024“We grew revenues about 4% in the quarter driven by the de novo locations we opened in the prior year. These centers continue to outpace our internal projections and give us even greater confidence in our 2024 openings,” said Todd Magazine, Chief Executive Officer of AirSculpt....

HOUSTON, May 10, 2024 (GLOBE NEWSWIRE) — Digihost Technology Inc. (“Digihost” or the “Company”) (Nasdaq / TSXV: DGHI), an innovative U.S. based blockchain technology and computer infrastructure company, plans to announce its financial results for the quarter ended March 31, 2024 on May 14, 2024. In addition to its Q1 2024 financial results, the Company will also provide an update on its operations at that time. Operations Update Presently, Digihost’s consolidated operating capacity across its three sites represents approximately 90MW of available power and is mining at hashrate of 2 EH/s. About Digihost Digihost is a growth-oriented technology company focused on the blockchain industry. The Company operates from three sites in the U.S. and, in addition to managing its own operations, provides hosting arrangements at its facilities. For...