Month: May 2024

Opendoor Announces First Quarter of 2024 Financial Results

Written by Customer Service on May 2, 2024. Posted in Earnings Releases And Operating Results.

SAN FRANCISCO, May 02, 2024 (GLOBE NEWSWIRE) — Opendoor Technologies Inc. (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial results for its first quarter ended March 31, 2024. Opendoor’s first quarter 2024 financial results and management commentary can be accessed through the Company’s shareholder letter on the “Quarterly Reports” page of Opendoor’s investor relations website at https://investor.opendoor.com. “Our first quarter results exceeded the high end of our guidance across revenue, Contribution Margin, and Adjusted EBITDA. Our product continues to resonate with customers, as we more than doubled our market share year-over-year and continued to deliver industry-leading seller NPS. We entered the second quarter with strong momentum, and we are meaningfully ramping...

Trupanion Reports First Quarter 2024 Results

Written by Customer Service on May 2, 2024. Posted in Earnings Releases And Operating Results.

SEATTLE, May 02, 2024 (GLOBE NEWSWIRE) — Trupanion, Inc. (Nasdaq: TRUP), the leading provider of medical insurance for cats and dogs, today announced financial results for the first quarter ended March 31, 2024. “It was a solid start to the year, with performance across our key financial metrics as expected,” said Margi Tooth, President of Trupanion. “Subscription revenue increased by 22% year-over-year. Moreover, discretionary profit from our core subscription business increased 55% while acquisition spend decreased 23% year-over-year. We continue to prioritize cash flow generation with the intention of gradually increasing our spending on growth as our margins expand.”First Quarter 2024 Financial and Business HighlightsTotal revenue was $306.1 million, an increase of 19% compared to the first quarter of 2023. Total enrolled...

EMCORE Announces Sale of Chips Business and Wafer Fabrication Operations for $2.92M and Certain Assumed Liabilities

Written by Customer Service on May 2, 2024. Posted in Mergers And Acquisitions.

BUDD LAKE, NJ, May 02, 2024 (GLOBE NEWSWIRE) — EMCORE Corporation (Nasdaq: EMKR), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, announced today the consummation effective April 30, 2024 of a transaction for the sale of its Chips business and indium phosphide (InP) wafer fabrication operations for a total purchase price of $2.92 million, together with the assumption by the buyer, HieFo Corporation, of certain assumed liabilities, of which $1 million was previously received from HieFo, and $1.92 million was paid by HieFo to EMCORE at the closing of the transaction. The transaction was consummated pursuant to the terms of an Asset Purchase Agreement entered into between EMCORE and HieFo on April 30, 2024, and included the transfer of substantially all assets related...

Air France-KLM – Consolidated financial statements and notes

Written by Customer Service on May 2, 2024. Posted in Earnings Releases And Operating Results.

AFKLM Consolidated financial statements and notesAttachment2024.03 – Air France-KLM – Consolidated financial statements and notes VENG

Kline Hill Invests in Complete Solaria with Debt-Equity Swap

Written by Customer Service on May 2, 2024. Posted in Public Companies.

FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) — Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (NASDAQ: CSLR) today announced that Kline Hill Partners (KHP), a Complete Solaria debt holder, has agreed to a debt-for-equity swap, and an additional cash investment. Complete Solaria will issue 9.8 million shares (19.9%) of outstanding stock to KHP in return for cancelling its debt. Mike Bego, KHP CEO, said, “We have re-invested the principal and interest on our loan back into Complete Solaria’s stock to participate in the Company’s future growth.” Kline Hill also agreed to buy 3.7 million Complete Solaria warrants. T.J. Rodgers, Complete Solaria’s Chief Executive Officer said, “Thank you Kline Hill for your confidence in us. I would like to sincerely thank Mike Bego and his team for working with us – literally for years...

Trinity Investors Announces Acquisition of Atmos Technologies

Written by Customer Service on May 2, 2024. Posted in Mergers And Acquisitions.

SOUTHLAKE, Texas, May 02, 2024 (GLOBE NEWSWIRE) — Trinity Investors, a leading alternative asset management firm, has partnered with Insight Equity Holdings to acquire Atmos Technologies. Trinity believes the acquisition will strengthen Atmos’s position as the leader in full-service environmental solutions and drive the company toward its full growth potential. “Trinity Investors is proud to invest in Atmos Technologies, supporting their mission to provide sustainable solutions for critical environmental challenges. With a portfolio of innovative formulations, Atmos is well-positioned for continued growth and impact in infrastructure applications,” said Jay Fuquay, Partner at Trinity Investors. Atmos is the only full-service environmental solutions company that formulates, designs, and provides customized products and...

Primeline Receives Notice of Enforcement of Guarantee

Written by Customer Service on May 2, 2024. Posted in Public Companies.

Not for distribution to the U.S. news wire services, or dissemination in the United States. HONG KONG, May 02, 2024 (GLOBE NEWSWIRE) — Primeline Energy Holdings Inc. (“Primeline” or the “Company”) announces that it has received notice of enforcement of its guarantee of the indebtedness of its subsidiaries, Primeline Energy China Limited (“PECL”) and Primeline Petroleum Corporation (“PPC”) from the syndicate of banks (the “Syndicate”) which provided the loan facility for finance of Primeline’s share of the development cost of the LS 36-1 gas field to PECL and PPC. As previously announced and as the Syndicate is aware, Primeline has no source of revenue or assets with which to repay the loan and meet its obligations under the Guarantee, in that production at LS 36-1 has been shut down. Primeline will therefore not oppose any...

Complete Solaria to be Self-Funded in Q2 2024

Written by Customer Service on May 2, 2024. Posted in Earnings Releases And Operating Results.

FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) — Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (Nasdaq: CSLR) today published its Q1’24 results, to be presented via webcast today, May 2, 2024 at 5:00 p.m. EDT. Interested parties may access the webcast by registering here, or by visiting: https://investors.completesolaria.com/news-events/events. Q1’24 and Q2’24 forecast summary (based on non-GAAP results unless noted):Q1’24 revenue was $10.0 million, half of Q4’23, despite our $17.8 million backlog The revenue drop is due to a shortage of working capital to buy panels The working capital crunch is due to the unresolved loan situation with Carlyle Q2’24 revenue will also be limited by working capital to the $8-11 million range Gross margin was 24% – despite 2x reduced revenue – with Q2’24 forecast at >30% Headcount...

Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, Say on Pay, and Omnibus Equity Plan

Written by Customer Service on May 2, 2024. Posted in Public Companies.

ST. JOHN’S, Newfoundland and Labrador, May 02, 2024 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) announced the voting results from its Annual and Special Meeting of Shareholders held today. Shareholders voted in favour of all items of business before the meeting, including electing the nominated directors, appointing Deloitte LLP as the Corporation’s auditors, approving the non-binding advisory vote regarding the Corporation’s approach to executive compensation, and approving the omnibus equity plan and related matters. Election of Directors Fortis shareholders elected the following 12 individuals to the Board to serve until the next Annual Meeting of Shareholders or until their successors are elected or appointed:Nominee # Votes For % Votes For # Votes...

Eagle Bancorp to Attend the 26th Annual D.A. Davidson Financial Institutions Conference

Written by Customer Service on May 2, 2024. Posted in Public Companies.

BETHESDA, Md., May 02, 2024 (GLOBE NEWSWIRE) — Eagle Bancorp, Inc., (the “Company”) (NASDAQ: EGBN), the parent company of EagleBank, today announced that Eric R. Newell, Executive Vice President and Chief Financial Officer of the Company, will attend the 26th Annual D.A. Davidson Financial Institutions Conference on May 8-10, 2024, at the Broadmoor in Colorado. Investor information can be accessed at Eagle Bancorp’s Investor Relations website at https://ir.eaglebankcorp.com. About Eagle Bancorp: The Company is the holding company for EagleBank, which commenced operations in 1998. The Bank is headquartered in Bethesda, Maryland, and operates through twelve banking offices and four lending offices located in Suburban Maryland, Washington, D.C. and Northern Virginia. The Company focuses on building relationships with businesses, professionals...

Month: May 2024

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