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Day: July 12, 2024

Interim report 2024, January – June

     Second quarterOrder intake for the second quarter was SEK 769 m (703), corresponding to an increase of 9% whereof acquired growth was 36% and organic growth was -22%. Currency translations had an effect of on net sales of -5% Net sales reached SEK 845 m (703), corresponding to an increase of 20% whereof acquired growth was 40% and organic growth was -20%. Currency translations had no material effect of on net sales Adjusted EBIT reached SEK 172 m (154), equal to a 20.4 % (21.9) adjusted operating margin EBIT reached SEK 104 m (150), equal to a 12.3% (21.4) operating margin Adjusted profit after tax totaled SEK 103 m (119) and adjusted basic earnings per share was SEK 2.12 (2.56) Profit after tax totaled SEK 34 m (116) and basic earnings per share was SEK 0.70 (2.48) Cash flow from operating activities amounted to SEK 152 m...

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Addex To Present at the Thirteenth London International Cough Symposium (13th LICS)

Geneva, Switzerland, July 12, 2024 – Addex Therapeutics (SIX: ADXN and Nasdaq: ADXN), a clinical-stage biopharmaceutical company focused on developing a portfolio of novel small molecule allosteric modulators for neurological disorders, announced today that Mikhail Kalinichev, Head of Translational Science, will present at the Thirteenth London International Cough Symposium taking place July 18 – 19, 2024 at Imperial College in London, U.K. In his presentation, scheduled for 12:00 CEST / 11:00 BST, on Friday July 19, 2024 in the Huxley Building, Imperial College London, Dr Kalinichev will discuss the antitussive activity of a novel GABAB receptor positive allosteric modulator in preclinical models of chronic cough. About GABAB activation and cough The main inhibitory neurotransmitter GABA activates ionotropic (GABAA) and metabotropic...

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Digital subscription results of AS Ekspress Grupp in the second quarter of 2024

The number of digital subscriptions of AS Ekspress Grupp increased by 27% in the Baltic States year-over-year (2nd quarter: 5%, 1st six months: 7%) and totalled 222 558 at the end of June.The number of digital subscriptions of AS Delfi Meedia that publishes the news portal Delfi, newspapers Eesti Päevaleht, Maaleht, Eesti Ekspress and several popular magazines increased by 11% year-over-year (2nd quarter: 5%, 1st six months: 5%) and totalled 107 443. The number of digital subscriptions of AS Õhtuleht Kirjastus, 50% of which is owned by Ekspress Grupp, increased by 11% year-over-year (2nd quarter: 3%, 1st six months: 9%) and totalled 27 104. The number of digital subscriptions of Geenius Meedia OÜ increased by 18% year-over-year (2nd quarter: -2%, 1st six months: 6%) and totalled 7 439. In Latvia, the number of digital subscriptions of...

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Teknova Announces $15.4 Million Private Placement

HOLLISTER, Calif., July 11, 2024 (GLOBE NEWSWIRE) — Alpha Teknova, Inc. (“Teknova”) (Nasdaq: TKNO), a leading producer of critical reagents for the discovery, development, and commercialization of novel therapies, vaccines, and molecular diagnostics, today announced that it has entered into a definitive agreement for the issuance and sale of an aggregate 12,385,883 of its shares of common stock in a private placement at a purchase price of $1.24 per share. The private placement was priced based on the Nasdaq Official Closing Price of Teknova’s common stock on July 11, 2024. The private placement is expected to close on or about July 12, 2024, subject to the satisfaction of customary closing conditions. The gross proceeds to Teknova from the private placement are expected to be approximately $15.4 million, before deducting offering...

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Hexagon Purus secures up to CAD 8.5 million in funding from Canadian authorities to further develop its leading battery electric vehicle technology

Hexagon Purus has secured up to CAD 8.5 million from The Commercial Vehicle Innovation Challenge (CVIC) in British Columbia, Canada. The funds will support labor and capital expenditure to further develop its leading battery electric vehicle technology for the Tern RC8. The grant is launched under CleanBC Go Electric’s Advanced Research and Commercialization (ARC) program which aims to support growth in BC’s zero-emission vehicles industry and to create jobs. The funding, subject to certain milestone criteria being met, will be used at Hexagon Purus’ facility in Kelowna for the Tern RC8, a groundbreaking battery electric Class 8 truck tailored for the North American market. The truck will be exclusively distributed by Hino Motors, and the distribution agreement foresees up to 10,000 trucks to be delivered by 2030. The project is expected...

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LuxUrban Hotels Announces Pricing of Public Offering of Securities

MIAMI, July 11, 2024 (GLOBE NEWSWIRE) — LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced the pricing of its previously announced public offering of 30,000,000 shares of common stock at a price of $0.17 per share. The underwriters also were granted an over-allotment option for up to 4,500,000 additional shares of common stock. Alexander Capital, L.P. is acting as sole book-running manager for the offering. The offering is expected to close on or about July 15, 2024, subject to the satisfaction of customary closing conditions. The gross proceeds from the offering, before deducting the underwriters’...

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Velan Inc. Reports First Quarter Results for Fiscal 2025

Strong sales, margin and profitability gains year-over-year combined with growing order backlog¹ MONTREAL, July 11, 2024 (GLOBE NEWSWIRE) — Velan Inc. (TSX: VLN) (“Velan” or the “Company”), a world-leading manufacturer of industrial valves, announced today financial results for its first quarter ended May 31, 2024. All amounts are expressed in U.S. dollars unless indicated otherwise. FIRST-QUARTER HIGHLIGHTS AND RECENT EVENTSOrder backlog of $528.3 million, up $36.8 million from the beginning of the year. Bookings1 of $109.8 million compared to $91.8 million in the first quarter of fiscal 2024. Book-to-bill ratio1 of 1.42 versus 1.36 in the same period last year. Sales of $77.5 million, up 14.5% from $67.7 million in the first quarter of fiscal 2024. Gross profit of $23.8 million, or 30.7% of sales, versus $15.1 million, or 22.2%...

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Alaska Energy Metals Announces Closing of Side Car Unit Offering

Not for distribution to United States newswire services or for release publication, distribution, or dissemination, directly or indirectly, in whole or in part, in or into the United States. VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) — Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to announce the closing of the previously announced side car offering of 2,275,000 units (the “Units”) of the Company issued at the price of $0.15 per Unit for gross proceeds of $341,250 (the “Offering”). Each Unit consists of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one Share at a price of $0.20 per Share for a period of three years following the date of issue. The Company...

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FS Bancorp, Inc. Announces Increase in its Cash Dividend and Authorizes Additional Share Repurchases

MOUNTLAKE TERRACE, Wash., July 11, 2024 (GLOBE NEWSWIRE) — FS Bancorp, Inc. (NASDAQ: FSBW) (“Company”), the holding company for 1st Security Bank of Washington (“Bank”) announced that the Company’s Board of Directors authorized an increase in the quarterly cash dividend to $0.27 per quarter from $0.26 per quarter, a 3.8% increase. Joe Adams, the CEO of the Company stated, “We are pleased that the Board approved our forty-sixth consecutive quarterly cash dividend. The cash dividend will be paid on August 21, 2024 to shareholders of record as of August 7, 2024.” In addition, the Company’s Board of Directors authorized an additional repurchase of up to $5.0 million in shares of the Company’s outstanding shares of common stock in the open market, in privately negotiated transactions or shares withheld upon the exercise of equity awards...

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