Bang & Olufsen to accelerate strategic execution and set medium-term financial ambitions

Written by Customer Service on July 3, 2024. Posted in Public Companies.

Bang & Olufsen announces plan to accelerate its strategic execution, aiming to drive long-term growth and further improve profitability. As part of this mid-term plan, Bang & Olufsen has set an ambition of achieving organic revenue growth of 8% (CAGR) in the three-year period covering the financial years 2025/26 to 2027/28 and an EBIT margin before special items of 8% as well as a free cash flow of DKK 250m, both to be achieved in 2027/28. Over the last 18 months, Bang & Olufsen has executed on its Luxury Timeless Technology strategy, thus laying the foundation for a longer-term profitable and sustainable growth. During the financial year 2023/24, the company had a particular focus on strengthening its luxury positioning, improving the experience in branded channels, reducing the presence in multibrand, and creating products...

BAB, Inc. Reports Results for 2nd Quarter FY 2024

Written by Customer Service on July 3, 2024. Posted in Earnings Releases And Operating Results.

DEERFIELD, Ill., July 03, 2024 (GLOBE NEWSWIRE) — BAB, Inc. (OTCQB: BABB), announced its financial results for the second quarter ended May 31, 2024. For the quarter ended May 31, 2024 BAB had revenues of $883,000 and net income of $146,000, or $0.02 per share earnings, versus revenues of $864,000 and net income of $127,000, or a $0.02 per share, for the same quarter last year. Royalty revenue, marketing fund revenue, and franchise fee revenue all increased by a total of $41,000 for the second quarter 2024 compared to second quarter 2023. License fee and other revenue decreased $22,000 in the second quarter ended May 31, 2024 compared to same quarter 2023. For the six months ended May 31, 2024, revenues were $1,719,000 and net income was $244,000, or $0.03 per share, versus revenues of $1,610,000 and net income of $162,000, or...

CloudMD Receives Court Approval of Proposed Transaction with CPS Capital

Written by Customer Service on July 3, 2024. Posted in Mergers And Acquisitions.

TORONTO, July 03, 2024 (GLOBE NEWSWIRE) — CloudMD Software & Services Inc. (TSXV: DOC, Frankfurt: 6PH) (the “Company” or “CloudMD”), an innovative health services company transforming the delivery of care, is pleased to announce that it has received a final order from the Supreme Court of British Columbia approving the previously announced plan of arrangement (the “Arrangement”) pursuant to which, among other things, CPS Capital (through an affiliate) (the “Purchaser”) will acquire all of the issued and outstanding common shares of CloudMD (the “Shares”). Subject to obtaining all required approvals and the satisfaction or waiver of all required conditions, the Arrangement is expected to close on or about July 9, 2024. Following closing of the Arrangement, the Shares are expected to be de-listed from the TSX Venture Exchange. Further...

Banco Comercial Português, S.A. informs about estimated provisions against legal risk related to FX mortgage loans portfolio booked by Bank Millennium, S.A. in 2Q 2024

Written by Customer Service on July 3, 2024. Posted in Public Companies.

Banco Comercial Português, S.A. informs about estimated provisions against legal risk related to FX mortgage loans portfolio booked by Bank Millennium, S.A. in 2Q 2024 Attachment 2024 07 03 Provisões Polónia EN

Eureka Acquisition Corp Announces Closing of $50 Million Initial Public Offering

Written by Customer Service on July 3, 2024. Posted in Public Companies.

Shanghai, July 03, 2024 (GLOBE NEWSWIRE) — Eureka Acquisition Corp (the “Company”), a blank check company incorporated as a Cayman Islands exempted company today announced the closing of its previously announced initial public offering of 5,000,000 units at an offering price of $10.00 per unit, for aggregate gross proceeds to the Company of $50,000,000. Each unit consists of one Class A ordinary share and one right. Each right entitles the holder to receive one-fifth (1/5) of one Class A ordinary share upon consummation of an initial business combination. The units began trading on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “EURKU” on July 2, 2024. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the rights are expected to be traded on Nasdaq under the symbols “EURK”...

Workhorse Group Regains Compliance with Nasdaq’s Continued Listing Requirements

Written by Customer Service on July 3, 2024. Posted in Public Companies.

CINCINNATI, July 03, 2024 (GLOBE NEWSWIRE) — Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced the receipt of a formal notification from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with the minimum bid price of $1.00 per share, as required by Listing Rule 5550(a)(2). As previously disclosed, the Company received notice from Nasdaq on September 22, 2023 indicating that the closing bid price for Workhorse’s common stock had fallen below the minimum bid price for continued listing for 30 consecutive trading days and was no longer in compliance with the minimum bid requirement. As also previously disclosed, on March 21, 2024, the Company received notice from...

TeraWulf Announces June 2024 Production and Operations Update

Written by Customer Service on July 3, 2024. Posted in Earnings Releases And Operating Results.

8.8 EH/s of installed and operational self-mining capacity, up 76% Y-o-Y Construction of Building 4 at Lake Mariner substantially completed in June, paving the way to >10.0 EH/s in July 2024 AI/HPC digital infrastructure projects advancing at Lake Mariner EASTON, Md., July 03, 2024 (GLOBE NEWSWIRE) — TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by 95% zero-carbon energy, today provided an unaudited monthly production and operations update for June 2024. June 2024 Production and Operations Highlights Self-Mined Bitcoin: Mined 177 bitcoin in June with an average production rate of approximately 5.9 bitcoin per day. Operating Capacity: TeraWulf’s installed and operational self-mining capacity reached approximately 8.8...

Bitfarms Provides June 2024 Production and Operations Update

Written by Customer Service on July 3, 2024. Posted in Public Companies.

– Earned 189 BTC in June 2024 –– Increased installed hashrate to 11.4 EH/s with 10.4 EH/s operational – – Improved energy efficiency to 25 w/TH, up 36% Y/Y and 7.4% M/M –– Strategic U.S. expansion with 120 MW site, well suited for HPC/AI –– 2025 power capacity target more than doubles to 648 MW from current 310 MW –– On track to deliver 21 EH/s and 21 w/TH in 2024; Initiated 2025 guidance of 35+ EH/s – This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Quebec, July 03, 2024 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/ TSX: BITF), a global vertically integrated Bitcoin mining company,...

Sustainable success for Sidetrade reducing emissions by 5% in 2023

Written by Customer Service on July 3, 2024. Posted in Public Companies.

July 3, 2024 | Sidetrade, the global leader in AI-powered Order-to-Cash applications, today publishes the results of its 2023 Bilan Carbone®, highlighting a 5% reduction in emissions compared to 2022. This achievement, coupled with global expansion, marks the next phase in its sustainability journey. Utilizing the certified Bilan Carbone® methodology, Sidetrade analyzed the emissions across its entire operational scope, encompassing France, the UK, Ireland, Canada, and the USA. With a strategy to manage carbon emissions across scopes 1, 2, and 3, Sidetrade has focused on responsible purchasing, prudent use of digital technology, sustainable internal practices, and eco-friendly mobility solutions. With a carbon footprint of 2,170 tons of CO2 equivalent for 2023, Sidetrade reduced its emissions by 5% from 2022. This achievement is particularly...

BULGOLD Commences Drilling on the Lutila Gold Project

Written by Customer Service on July 3, 2024. Posted in Public Companies.

TORONTO, July 03, 2024 (GLOBE NEWSWIRE) — BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) announces that it has commenced exploration diamond drilling on the Lutila Gold Project located in Central Slovakia. The Lutila exploration licence covers an area of 32.2km² and is prospective for quartz-adularia, low-sulfidation epithermal gold mineralisation. The Company plans to drill two diamond drill holes to test the potential for mineralised quartz-adularia veins deposited within an upflow zone at depth beneath the Čertov vrch target area (CVDD001) and the Rhyolite Ridge target area (RRDD001) 4.5km to the southwest. The targeted upflow zone is interpreted to be the southern, down-faulted extension of the 6km-long Kremnica low-sulfidation vein system, located immediately north of the project area. Both drill holes will be completed...

Day: July 3, 2024

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