Month: May 2024

Montauk Renewables Announces First Quarter 2024 Results

Written by Customer Service on May 9, 2024. Posted in Earnings Releases And Operating Results.

PITTSBURGH, May 09, 2024 (GLOBE NEWSWIRE) — Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas (“RNG”), today announced financial results for the first quarter ended March 31, 2024. First Quarter Financial Highlights:Revenues of $38.8 million, increased 102.5% compared to the first quarter of 2023Net Income of $1.9 million, increased 148.8% compared to the first quarter of 2023Non-GAAP Adjusted EBITDA of $9.5 million, increased 212.7% compared to the first quarter of 2023RNG production of 1.4 million MMBtu, increased 4.4% compared to the first quarter of 2023RINs Sold of 7.9 million, increase of 167.5% compared to the first quarter of 2023Our profitability is highly dependent...

Oportun Reports First Quarter 2024 Financial Results

Written by Customer Service on May 9, 2024. Posted in Earnings Releases And Operating Results.

Strong performance versus guidance Total operating expenses declined 15% sequentially and 25% year-over-year GAAP net loss sharply reduced by $76M year-over-year, returned to adjusted profitability Additional $150M whole loan sale agreement executed in May Raising full year 2024 Total Revenue and Adjusted EBITDA guidance SAN CARLOS, Calif., May 09, 2024 (GLOBE NEWSWIRE) — Oportun Financial Corporation (Nasdaq: OPRT) (“Oportun”, or the “Company”) today reported financial results for the first quarter ended March 31, 2024. “Our first quarter results reflect an important first step in our 2024 business recovery, as we sharply reduced our prior-year GAAP operating loss by $76 million while returning to adjusted profitability,” said Raul Vazquez, CEO of Oportun. “Our cost reduction efforts continue...

Pineapple Energy Reports First Quarter 2024 Financial Results

Written by Customer Service on May 9, 2024. Posted in Earnings Releases And Operating Results.

First Quarter 2024:Revenue down 40% from Q1 2023 Gross profit down 40% from Q1 2023 Operating Expenses down 31% from Q1 2023 Operating Loss increased 2% from Q1 2023 Net Income of $1.2M, Net Loss attributable to common shareholders of $10.1M Adjusted EBITDA loss of $1.5MMINNETONKA, Minn., May 09, 2024 (GLOBE NEWSWIRE) — Pineapple Energy Inc. (NASDAQ: PEGY), a leading provider of sustainable solar energy and back-up power to households and small businesses, today announced financial results for the first quarter ended March 31, 2024. Pineapple CEO Kyle Udseth commented, “The first quarter of 2024 presented the toughest operating conditions we’ve faced in our time as a public company. Negative Q1 EBITDA is not uncommon in the rooftop solar industry due to seasonality and timing, but we did unfortunately break our prior streak...

Rackspace Technology Reports First Quarter 2024 Results

Written by Customer Service on May 9, 2024. Posted in Earnings Releases And Operating Results.

Revenue of $691 million in the First Quarter, down 9% Year-over-Year Private Cloud Revenue was $268 million, down 15% Year-over-Year Public Cloud Revenue was $422 million, down 5% Year-over-Year First Quarter 2024 Cash Flow Used in Operating Activities was $(90) million which includes certain one-time fees related to the debt refinancing; Cash Flow From Operating Activities was $287 million on a Trailing-Twelve-Month BasisSAN ANTONIO, May 09, 2024 (GLOBE NEWSWIRE) — Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end, hybrid, multicloud, and AI solutions company, today announced results for its first quarter ended March 31, 2024. Amar Maletira, Chief Executive Officer, stated, “I’m pleased to announce that first quarter 2024 results exceeded the high-end of guidance for revenue, operating profit, and EPS. We continue...

American Shared Hospital Services Announces Closing of Acquisition of 60% Majority Interest in Three Radiation Therapy Cancer Centers in Rhode Island

Written by Customer Service on May 9, 2024. Posted in Mergers And Acquisitions.

– Adds $9-$10 million in Annual Revenue with Positive Net Income Contribution – – Acquisition more than Doubles Backlog to over $210 million – – Expands U.S. Footprint and Product Offering – SAN FRANCISCO, May 09, 2024 (GLOBE NEWSWIRE) — American Shared Hospital Services (NYSE American: AMS) (the “Company”), a leading provider of turnkey technology solutions for stereotactic radiosurgery and advanced radiation therapy cancer treatment systems and services, today announced the closing of its acquisition of a 60% majority equity interest in the Southern New England Regional Cancer Center, LLC and Roger Williams Radiation Therapy, LLC, both Rhode Island limited liability corporations (the “Companies”) as well as certain payor contracts, from the Chapter 11 Bankruptcy Estate of GenesisCare...

ProPhase Labs Announces Financial Results for the Three Months Ended March 31, 2024, and Highlights Significant Progress in its Strategic Initiatives. – Updated

Written by Customer Service on May 9, 2024. Posted in Public Companies.

Pharmaloz Manufacturing explores strategic alternatives, including potential sale. Company announces major strategic AI initiative, Project ZenQ-AI, leveraging its massive global genomics database and patented discoveries in its BE-Smart Esophageal Cancer Diagnostic Test. BE-Smart Cancer Test continues to advance towards second half commercialization. Company is issuing this updated Press Release solely to correct typographical errors in Weighted average common shares outstanding and Earnings (Loss) Per Share on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Garden City, NY, May 09, 2024 (GLOBE NEWSWIRE) — ProPhase Labs, Inc. (NASDAQ: PRPH) (“ProPhase” or the “Company”), a next-generation biotech, genomics, and diagnostics company, today reported its financial and operational results for...

TWC Enterprises Limited Announces Voting Results From the 2024 Annual Meeting of Shareholders

Written by Customer Service on May 9, 2024. Posted in Public Companies.

KING CITY, Ontario, May 09, 2024 (GLOBE NEWSWIRE) — TWC Enterprises Limited (TSX:TWC) (“TWC”) announced the results of matters voted on at its Annual Shareholders Meeting held on May 8, 2024 (the “Meeting”), which included the election of Directors of the Corporation, all of the nominees listed in its management information circular dated March 21, 2024. The voting results for each of the matters presented at the Meeting are presented below. There were 46 Shareholders holding 21,984,771 Common Shares represented in person or by proxy at this meeting. This represents 89.74% of the 24,497,649 issued and outstanding Common Shares. 1. Election of Directors The eight (8) nominees proposed by management were elected as Directors of the Corporation to hold office until the termination of the next annual meeting of Shareholders or until...

Lumos Pharma to Report First Quarter 2024 Financial Results and Provide Clinical Update on May 15, 2024

Written by Customer Service on May 9, 2024. Posted in Public Companies.

AUSTIN, Texas, May 09, 2024 (GLOBE NEWSWIRE) — Lumos Pharma, Inc. (NASDAQ:LUMO), a late-stage biopharmaceutical company focused on therapeutics for rare diseases, announced it will report first quarter 2024 financial results before market open on Wednesday, May 15, 2024. The company will host a conference call and webcast at 8:30 AM ET that day to discuss these financial results and provide an update on clinical and corporate activities. A question-and-answer session will follow the prepared remarks. Conference Call and Webcast Details Date: Wednesday, May 15, 2024Time: 8:30am ETDial-in: 1-877-407-9716 or 1-201-493-6779 (International)Conference ID: 13746447Dial-in registration (Available 15 minutes prior to scheduled start time): Click HereWebcast: Click Here Investors and the general public are invited to listen to the conference...

Lowell Farms to Announce First Quarter 2024 Financial and Operational Results

Written by Customer Service on May 9, 2024. Posted in Public Companies.

California cannabis leader to hold earnings call with leadership on May 14, 2024 SALINAS, Calif., May 09, 2024 (GLOBE NEWSWIRE) — Lowell Farms Inc. (CSE:LOWL; OTCQX:LOWLF), a California-born cannabis company with advanced production capabilities including extraction, manufacturing, and distribution, will report its financial and operational results for the first fiscal quarter (ended March 31, 2024) after the market closes on May 14, 2024. Following the release, Lowell Farms will host an earnings call with leadership on Tuesday, May 14 at 5:30 p.m. EDT, in which they will discuss these recent financial and operational results.Earnings Call: Tuesday May 14, 20245:30 p.m. EDT Participants: Bill Mitoulas, Investor Relations (Moderator)Mark Ainsworth, Co-Founder and Chief Executive OfficerJamie Schniedwind, Chief Financial...

Sun Country Airlines Will Participate in the Bank of America Securities Transportation, Airlines and Industrials Conference

Written by Customer Service on May 9, 2024. Posted in Public Companies.

MINNEAPOLIS, May 09, 2024 (GLOBE NEWSWIRE) — Sun Country Airlines (NASDAQ: SNCY) President and Chief Financial Officer Dave Davis will participate in a fireside chat at the B of A Securities Transportation, Airlines and Industrials Conference on Thursday, May 16, at 8:00 a.m. EST. A link to the live webcast can be found on the Sun Country investor relations website at https://ir.suncountry.com/news-events/events-and-presentations. About Sun Country Sun Country Airlines is a new breed of hybrid low-cost air carrier, whose mission is to connect guests to their favorite people and places, to create lifelong memories and transformative experiences. Sun Country dynamically deploys shared resources across our synergistic scheduled service, charter, and cargo businesses. Based in Minnesota, we focus on serving leisure and visiting friends...

Month: May 2024

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