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Month: May 2024

MAX Power Arranges Targeted Strategic Private Placement To Raise Up To $1.65 Million

VANCOUVER, British Columbia, May 02, 2024 (GLOBE NEWSWIRE) — MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) (“Max Power” or the “Company”) announces a non-brokered private placement of up to 8,500,000 units (the “Units”) of the Company at a price of C$0.195 per Unit (the “Offering Price”) for gross proceeds to the Company of up to C$1,657,500 (the “Offering”) targeting strategic investors. The Offering is scheduled to close on or about May 15, 2024 (the “Closing Date”) and completion of the Offering is subject to certain conditions including the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange (“CSE”). Private Placement Terms Each Unit will consist of one common share in the capital of the Company (a “Share”) and one-half of one non-transferable...

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Black Diamond Reports First Quarter 2024 Results And Declares Dividend

CALGARY, Alberta, May 02, 2024 (GLOBE NEWSWIRE) — Black Diamond Group Limited (“Black Diamond”, the “Company” or “we”), (TSX:BDI), a leading provider of space rental and workforce accommodation solutions, today announced its operating and financial results for the three months ended March 31, 2024 (the “Quarter”) compared with the three months ended March 31, 2023 (the “Comparative Quarter”). All financial figures are expressed in Canadian dollars. Key Highlights from the First Quarter of 2024Consolidated rental revenue of $35.1 million was up 2% from the Comparative Quarter, while Adjusted EBITDA1 of $19.4 million was down 9% from the Comparative Quarter, driven primarily by lower sales revenue for several custom sales projects were deferred into subsequent periods.The...

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RevoluGROUP Announces CEO and Director Stepping Down

VANCOUVER, British Columbia and BARCELONA, Spain., May 02, 2024 (GLOBE NEWSWIRE) — RevoluGROUP Canada Inc. (TSX- V: REVO), (Frankfurt: IJA2), (Munich: A2PU92) (“RevoluGROUP”) today announced CEO and Director, Gavin McMillan, will be stepping down from his positions, effective immediately. Gavin joined the Company in August 2023 and served as CEO for over six months. During his leadership, McMillan has been instrumental in focusing on the continued development of the API-driven Payment-as-a-Service (PaaS) model, which has continued to expand through key white-label partnerships and joint venture agreements and enhancing revenue streams. In a statement, Bernard Lonis, the Chairman of the Board, acknowledged McMillan’s vital contributions and leadership, stating, “We owe a great deal of gratitude to Gavin for...

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RevoluGROUP Announces CEO and Director Stepping Down

Vancouver (Canada) and Barcelona (Spain), May 02, 2024 (GLOBE NEWSWIRE) — RevoluGROUP Canada Inc. (TSX- V: REVO), (Frankfurt: IJA2), (Munich: A2PU92) (“RevoluGROUP”) today announced CEO and Director, Gavin McMillan, will be stepping down from his positions, effective immediately. Gavin joined the Company in August 2023 and served as CEO for over six months. During his leadership, McMillan has been instrumental in focusing on the continued development of the API-driven Payment-as-a-Service (PaaS) model, which has continued to expand through key white-label partnerships and joint venture agreements and enhancing revenue streams. In a statement, Bernard Lonis, the Chairman of the Board, acknowledged McMillan’s vital contributions and leadership, stating, “We owe a great deal of gratitude to Gavin for his dedication...

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Silicon Motion Announces Results for the Period Ended March 31, 2024

Business HighlightsFirst quarter of 2024 sales decreased 6% Q/Q and increased 53% Y/YSSD controller sales: 1Q of 2024 increased 0% to 5% Q/Q and increased 35% to 40% Y/Y eMMC+UFS controller sales: 1Q of 2024 decreased 10% to 15% Q/Q and increased 235% to 240% Y/Y SSD solutions sales: 1Q of 2024 decreased 5% to 10% Q/Q and decreased 30% to 35% Y/YFinancial Highlights  1Q 2024 GAAP 1Q 2024 Non-GAAP • Net sales $189.3 million (-6% Q/Q, +53% Y/Y) $189.3 million (-6% Q/Q, +53% Y/Y) • Gross margin 45.0% 45.0% • Operating margin 9.5% 12.0% • Earnings per diluted ADS $0.48   $0.64TAIPEI, Taiwan and MILPITAS, Calif., May 03, 2024 (GLOBE NEWSWIRE) — Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion”, the “Company” or “we”) today announced its financial results for the quarter ended March 31,...

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Invivyd to Host Conference Call Discussing First Quarter 2024 Financial Results and Business Highlights

WALTHAM, Mass., May 02, 2024 (GLOBE NEWSWIRE) — Invivyd, Inc. (Nasdaq: IVVD), a biopharmaceutical company devoted to delivering protection from serious viral infectious diseases, today announced that it will host a conference call on Thursday, May 9, 2024, at 4:30 p.m. ET to discuss its financial results for the first quarter ended March 31, 2024, and recent business highlights. Listeners can register for the webcast via this link. Analysts wishing to participate in the question and answer session should use this link. A replay of the webcast will be available via the company’s investor website approximately two hours after the call’s conclusion. Those who plan on participating are advised to join 15 minutes prior to the start time. About Invivyd Invivyd, Inc. (Nasdaq: IVVD) is a biopharmaceutical company devoted to delivering...

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Colabor Group Reports Results for the First Quarter 2024

SAINT-BRUNO-DE-MONTARVILLE, Quebec, May 02, 2024 (GLOBE NEWSWIRE) — Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) reports its results for the first quarter ended March 23, 2024. First Quarter 2024 Financial Highlights:Sales decreased by 2.0% to $131.2 million, compared to $133.9 million for the corresponding period of 2023; Net loss from continuing operations was $1.8 million compared to $0.2 million for the corresponding period of 2023; Adjusted EBITDA(1) decreased by 12.4% to $4.9 million from $5.6 million for the corresponding period of 2023 with an adjusted EBITDA(1) margin to 3.7% of sales compared to 4.2% of sales during the corresponding period of 2023; Cash flow from operating activities increased to $11.7 million compared to $0.8 million for the first quarter of 2023; Net debt(2) decreased to $56.8 million,...

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Diversified Royalty Corp. Announces May 2024 Cash Dividend and Q1 2024 Earnings Release Date

VANCOUVER, British Columbia, May 02, 2024 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that its board of directors has approved a cash dividend of $0.02083 per common share for the period of May 1, 2024 to May 31, 2024, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on May 31, 2024 to shareholders of record as of the close of business on May 15, 2024. Q1 2024 Earnings Release Date DIV will release earnings results for the three months ended March 31, 2024 following the closing of regular trading on the Toronto Stock Exchange on May 9, 2024. About Diversified Royalty Corp. DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and...

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Martinrea International Inc. Reports Strong First Quarter Results and Declares Dividend

TORONTO, May 02, 2024 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the first quarter ended March 31, 2024, and declared a quarterly cash dividend of $0.05 per share. FIRST-QUARTER HIGHLIGHTSTotal sales of $1,323.9 million, up 1.5% year-over-year. Diluted net earnings per share of $0.56 and Adjusted Net Earnings per Share(1) of $0.62. Adjusted Operating Income Margin(1) of 6.0%. Adjusted EBITDA(1) of $162.8 million. First-quarter results improved significantly quarter over quarter. Free Cash Flow(1) (excluding principal payments of IFRS-16 lease liabilities) was ($1.4) million, inclusive...

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