Month: July 2024

Solar Alliance announces closing private placement

Written by Customer Service on July 31, 2024. Posted in Public Companies.

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO and KNOXVILLE, Tenn., July 31, 2024 (GLOBE NEWSWIRE) — Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR), a leading solar energy solutions provider focused on the commercial and industrial solar sector, is pleased to announced that, further to its news release of May 14, 2024, June 27, 2024 and July 19, 2024, it has closed the third and final tranche (the “Third Tranche”) of its non-brokered private placement of 14,000,000 units of the Company (the “Units”) at a price of C$0.05 per Unit for gross proceeds of C$700,000 (the “Offering”). An aggregate of 1,000,000 Units were sold under the Third Tranche for Third Tranche gross proceeds of C$50,000. Each Unit is comprised of one (1) common share of the Company (a...

Gran Tierra Energy Inc. Reports Second Quarter 2024 Net Income of $36 Million and Continued Exploration Success

Written by Customer Service on July 31, 2024. Posted in Earnings Releases And Operating Results.

High Impact Exploration Program Continues to Deliver Exciting Catalysts for Growth with the Completion of the Charapa 3D Seismic Program Along with Drilling of the Bocachico Norte-J1 and Charapa B6 Wells Arawana-J1 and Bocachico-J1 Wells Continue to Yield Strong Production Results and Continued Positive Exploration Results with Bocachico Norte-J1 Second Quarter 2024 Total Average WI Production of 32,776 BOPD, a 4% Increase in Production per Share from Second Quarter 2023 Since January 1, 2023, Gran Tierra has Re-purchased Approximately 3.9 million or 11% of Its Outstanding Shares Achieved Second Quarter 2024 Net Income of $36 Million Operating Netback of $113 Million and Adjusted EBITDA of $103 Million(1)(3) Exited the Quarter with $115 Million in CashCALGARY, Alberta, July 31, 2024 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc....

Summit State Bank Reports Net Income of $928,000 for Second Quarter 2024

Written by Customer Service on July 31, 2024. Posted in Earnings Releases And Operating Results.

SANTA ROSA, Calif., July 31, 2024 (GLOBE NEWSWIRE) — Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported net income for the second quarter ended June 30, 2024 of $928,000, or $0.14 per diluted share, compared to net income of $2,985,000, or $0.45 per diluted share for the second quarter ended June 30, 2023. “Our second quarter earnings continue to be directly impacted by the high interest rate environment and its impact on funding costs, a challenge that is affecting the entire banking industry,” said Brian Reed, President and CEO. “We are implementing steps to grow net income and remain focused on improving our financial performance. Loan balances decreased modestly during the second quarter related to our efforts to focus on asset quality and pricing versus growth. Our focus is on improving our performance metrics and...

Questor Announces Sale of Clean Combustion Unit in Nigeria

Written by Customer Service on July 31, 2024. Posted in Public Companies.

CALGARY, Alberta, July 31, 2024 (GLOBE NEWSWIRE) — Questor Technology Inc. (“Questor” or the “Company”) (TSX-V: QST) is pleased to announce that it has received a purchase order valued at $1 million dollars, to supply a clean combustion solution to an energy company in Nigeria. Questor’s clean combustion unit will be a critical component in a Nigerian government-approved pilot project aimed at eliminating flaring in upstream oil production processes. Oil continues to play a crucial role in Nigeria’s economy, funding the nation’s day-to-day activities. This investment in Questor’s technology will ensure that oil is produced cleanly and in a more sustainable way. Questor’s ISO 14034 certified clean combustion technology safely handles associated gas from oil production and eliminates methane and other harmful pollutants at 99.99...

NOVONIX to Appoint Robert Long as Chief Financial Officer

Written by Customer Service on July 31, 2024. Posted in Public Companies.

BRISBANE, Australia, Aug. 01, 2024 (GLOBE NEWSWIRE) — NOVONIX Limited (NASDAQ: NVX, ASX: NVX), a leading battery materials and technology company, is pleased to announce that Robert Long will be appointed as the Company’s Chief Financial Officer (CFO) effective September 1, 2024. Mr. Long brings over 25 years of experience in finance and executive leadership with both public and private companies. The Company previously announced that CFO Nick Liveris will transition to the Company’s Board of Directors upon the appointment of a new CFO. Mr. Liveris will be appointed to the Board of Directors effective September 1, 2024. To ensure a smooth transition of the CFO role to Mr. Long, Ron Edmonds, a seasoned finance leader and NOVONIX board member, will take on the interim role of Executive Officer – Finance effective August 1, 2024....

Timbercreek Financial Announces 2024 Second Quarter Results

Written by Customer Service on July 31, 2024. Posted in Earnings Releases And Operating Results.

TORONTO, July 31, 2024 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three and six months ended June 30, 2024 (“Q2 2024”). Q2 2024 Highlights1The net mortgage investment portfolio increased by $25.8 million to $1,003.4 million at the end of Q2 2024 from $977.5 million at the end of Q1 2024 (Q2 2023 – $1,123.7 million). Net investment income of $26.4 million compared to $31.5 million in Q2 2023. Net income and comprehensive income of $15.4 million (Q2 2023 – $16.9 million) or basic earnings per share of $0.19 (Q2 2023 – $0.20). Distributable income of $16.3 million (Q2 2023 – $17.8 million) or distributable income per share of $0.20 (Q2 2023 – $0.21 per share). Declared a total of $14.3 million in dividends to shareholders, or $0.17 per share, reflecting a distributable...

Parex Resources Announces Second Quarter Results, Declaration of Q3 2024 Dividend, and Operational Update

Written by Customer Service on July 31, 2024. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, July 31, 2024 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three-month period ended June 30, 2024, the declaration of its Q3 2024 regular dividend of C$0.385 per share, as well as an operational update. All amounts herein are in United States Dollars (“USD”) unless otherwise stated. “In the first half of 2024, we enhanced our free funds flow profile by roughly 80% year-over-year compared to 2023. These strong financial results were driven by our core Cabrestero and LLA-34 assets, as well as reduced capital expenditures,” commented Imad Mohsen, President & ChiefExecutive Officer. “For the second half of 2024, we have paused activity at Arauca due to lower-than-expected results, and reallocated capital to LLA-32...

SEACOR Marine Announces Second Quarter 2024 Results

Written by Customer Service on July 31, 2024. Posted in Earnings Releases And Operating Results.

HOUSTON, July 31, 2024 (GLOBE NEWSWIRE) — SEACOR Marine Holdings Inc. (NYSE: SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced results for its second quarter ended June 30, 2024. SEACOR Marine’s consolidated operating revenues for the second quarter of 2024 were $69.9 million, operating loss was $3.9 million, and direct vessel profit (“DVP”)(1) was $20.3 million. This compares to consolidated operating revenues of $68.3 million, operating income of $2.9 million, and DVP of $30.6 million in the second quarter of 2023, and consolidated operating revenues of $62.8 million, operating loss of $10.6 million, and DVP of $14.7 million in the first quarter of 2024. Notable second quarter items include:2.3% increase in revenues...

Allegro MicroSystems Announces Allocation of Increased Term Loan and Refinancing of Existing Term Loan

Written by Customer Service on July 31, 2024. Posted in Public Companies.

MANCHESTER, N.H., July 31, 2024 (GLOBE NEWSWIRE) — Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced the allocation of a $400,000,000 term loan tranche (the “Term Loan”), consisting of new term loans incurred, in relevant part, to facilitate the repurchase of shares from Allegro’s majority shareholder, Sanken Electric Co., Ltd. (“Sanken”), to fully refinance Allegro’s existing term loan facility, and otherwise for general corporate purposes. The new term loan tranche is expected to have a maturity date of October 31, 2030 and to bear interest at an annual rate based on the Secured Overnight Financing Rate (“SOFR”) plus an interest rate margin of 2.25%, which annual rate represents a 0.50% per annum reduction...

CPS Technologies Corporation Announces Second Quarter 2024 Financial Results

Written by Customer Service on July 31, 2024. Posted in Earnings Releases And Operating Results.

Performance Impacted by Contract Completion as Company Focuses on New Business Development NORTON, Mass., July 31, 2024 (GLOBE NEWSWIRE) — CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal second quarter ended June 29, 2024. Second Quarter SummaryRevenue of $5.0 million for the second quarter of 2024 versus $7.4 million in the prior-year period, reflecting lower overall shipments due to the end of the Company’s HybridTech Armor® contract with Kinetic Protection for the US NavyGross margin of (4.6) percent versus 29.6 percent in the second quarter of 2023, largely reflecting lower manufacturing efficiencies and impact of fixed costs on lower revenue.Operating loss of $1.3 million for the quarter ended June 29, 2024 compared to an operating profit of $0.7...

Month: July 2024

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