Day: July 29, 2024

REMINDER – Canadian High Income Equity Fund to Terminate

TORONTO, July 29, 2024 (GLOBE NEWSWIRE) — (TSX: CIQ.UN) Unitholders are reminded that, as previously announced on June 12, 2024, Canadian High Income Equity Fund (the “Fund”) will terminate on August 15, 2024 (“Termination Date”).   For over 14 years, the Fund paid out 172 consecutive monthly cash distributions totaling $9.47 per unit. In the June 12, 2024 news release, the Fund noted that it had previously declared a distribution of $0.04 per unit payable to unitholders of record on June 28, 2024 with a payment date on or before July 15, 2024. There will be no other monthly distributions declared by the Fund. In accordance with the Declaration of Trust, after all liabilities have been satisfied or provided for, the net assets of the Fund will be distributed in cash to unitholders of the Fund on a pro rata basis on or about August...

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Tilray Brands Reports Record Financial Results, Achieves 26% Net Revenue Growth

Record Fiscal 2024 Gross Profit Reduced Net Convertible Debt by ~$300 Million in Fiscal 2024 Fiscal 2024 Net Revenue Reaches $789 Million, Led by Cannabis Net Revenue of $273 Million and Beverage-Alcohol Net Revenue of $202 Million Successfully Executing on Diversified Lifestyle Business Strategy;Tilray Cannabis, Tilray Beverages, Tilray Spirits and Tilray Wellness NEW YORK and LEAMINGTON, Ontario, and NEÜMUNSTER, Germany, July 29, 2024 (GLOBE NEWSWIRE) — Tilray Brands, Inc. (“Tilray”, “our”, “we” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a global lifestyle consumer packaged goods company elevating lives through moments of connection, today reported financial results for its fourth quarter and fiscal year ended May 31, 2024. Irwin D. Simon, Chairman and Chief Executive Officer, stated, “Tilray Brands is leading the convergence...

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CVRx Reports Second Quarter 2024 Financial and Operating Results

MINNEAPOLIS, July 29, 2024 (GLOBE NEWSWIRE) — CVRx, Inc. (NASDAQ: CVRX) (“CVRx”), a commercial-stage medical device company focused on developing, manufacturing and commercializing innovative neuromodulation solutions for patients with cardiovascular diseases, today announced its financial and operating results for the second quarter of 2024. Recent Highlights Total revenue for the second quarter 2024 was $11.8 million, an increase of 24% over the prior year quarter U.S. Heart Failure (HF) revenue for the second quarter of 2024 was $10.5 million, an increase of 27% over the prior year quarter Active implanting centers in the U.S. were 189, an increase of 35% over the second quarter of 2023 Hired new Chief Revenue Officer and completed expansion of executive leadership team “We are pleased with our solid second quarter results,...

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Safe Bulkers, Inc. Reports Second Quarter 2024 Results and Declares Dividend on Common Stock

MONACO, July 29, 2024 (GLOBE NEWSWIRE) — Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and six month periods ended June 30, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights             In million U.S. Dollars except per share data Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Six Months 2024 Six Months 2023 Net revenues 78.5 81.7 82.3 64.7 70.6 160.2 137.5 Net income 27.6 25.3 27.6 15.0 15.4 52.9 34.7 Adjusted Net income1 20.3 24.2 29.5 11.1 15.3 44.5 29.5 EBITDA2 49.2 47.9 48.8 34.8 34.4 97.1 72.6 Adjusted EBITDA2 41.8 46.8 50.7 30.9 34.3 88.7 67.4 Earnings per share basic and diluted3 0.24 0.21 0.23 0.12 0.12 0.45 0.27 Adjusted...

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Ekso Bionics Reports Record Quarterly Sales of $5.0 Million in Second Quarter 2024

SAN RAFAEL, Calif., July 29, 2024 (GLOBE NEWSWIRE) — Ekso Bionics Holdings, Inc. (Nasdaq: EKSO) (the “Company” or “Ekso Bionics”), an industry leader in exoskeleton technology for medical and industrial use, today reported financial results for the three and six months ended June 30, 2024. Recent Highlights and Accomplishments Reported revenues of $5.0 million in the second quarter of 2024 Initial Medicare claims for Ekso Indego Personal are currently pending reimbursement Sold a total of 37 EksoHealth devices in the second quarter of 2024 Achieved gross margin of 53% for the quarter ended June 30, 2024 “We are pleased with our significant progress in the second quarter of 2024, highlighted by record sales and the announcement of Centers for Medicare & Medicaid Services’ (“CMS”) national Medicare pricing determination for...

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Varonis Announces Second Quarter 2024 Financial Results

Annual recurring revenues grew 18% year-over-yearSaaS ARR as a percentage of total ARR was approximately 36%Year-to-date cash from operations generated $68.4 million vs. $42.6 million last yearYear-to-date free cash flow generated $67.3 million vs. $40.0 million last year NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced financial results for the second quarter ended June 30, 2024. Yaki Faitelson, Varonis CEO, said, “Our second quarter results reflect the growing momentum of our SaaS platform and recently introduced Managed Data Detection and Response offering, which helps customers automatically prevent data breaches with very little effort.” Guy Melamed, Varonis CFO & COO, added, “The strong adoption of our SaaS platform resulted in 36% of total...

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Pathfinder Bancorp, Inc. Announces Second Quarter 2024 Net Income of $2.0 Million

Net interest margin expanded for the second consecutive quarter, and low-cost deposits acquired with the recently completed East Syracuse branch purchase are expected to benefit total funding costs OSWEGO, N.Y., July 29, 2024 (GLOBE NEWSWIRE) — Pathfinder Bancorp, Inc. (“Company”) (NASDAQ: PBHC), the holding company for Pathfinder Bank (“Bank”), announced second quarter 2024 net income available to common shareholders of $2.0 million, or $0.32 per basic and diluted share, consistent with the $2.0 million, or $0.32 per basic and diluted share, earned in the second quarter of 2023. The Company’s total revenue, which is comprised of net interest income, before provision for credit losses, and total noninterest income, for the second quarter of 2024, was $10.7 million, decreasing by $128,000, or 1.2%,...

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T2 Biosystems Announces Second Quarter 2024 Financial Results

Achieved record quarterly and first half sepsis test revenue, representing growth of 27% and 25% respectively compared to the prior year periods LEXINGTON, Mass., July 29, 2024 (GLOBE NEWSWIRE) — T2 Biosystems, Inc. (NASDAQ:TTOO) (the “Company”), a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, today announced financial and operational results for the second quarter ended June 30, 2024. Recent Financial and Operational Highlights Achieved second quarter 2024 total revenue of $2.0 million, all from sepsis product sales. Achieved record quarterly and first half sepsis test revenue, representing growth of 27% and 25% respectively compared to the prior year periods, led by T2Bacteria® and T2Resistance® panel sales. Executed contracts for 2 T2Dx® Instruments during the second quarter, both...

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Corcept Therapeutics Announces Second Quarter Financial Results and Provides Corporate Update

MENLO PARK, Calif., July 29, 2024 (GLOBE NEWSWIRE) — Corcept Therapeutics Incorporated (NASDAQ: CORT), a commercial-stage company engaged in the discovery and development of medications to treat severe endocrinologic, oncologic, metabolic and neurologic disorders by modulating the effects of the hormone cortisol, today reported its results for the quarter ended June 30, 2024. Financial Results Revenue of $163.8 million, a 39 percent increase over the same period in 2023 Increase in 2024 revenue guidance to $640 – $670 million, from $620 – $650 million Net income per common share of $0.32 (diluted), compared to $0.25 in second quarter 2023 Cash and investments of $492.5 million as of June 30, 2024 “Once again, we had a record number of new Korlym® prescribers and a record number of patients receiving Korlym this quarter. Physicians...

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Kforce Reports Second Quarter 2024 Revenue of $356.3 Million and EPS of $0.75

TAMPA, Fla., July 29, 2024 (GLOBE NEWSWIRE) —  Kforce Inc. (NYSE: KFRC), a solutions firm that specializes in technology and other professional staffing services, today announced results for the second quarter of 2024. Joseph J. Liberatore, President and Chief Executive Officer, said, “We are pleased with our second quarter performance, including the sequential growth in our Technology business. Operating trends over the first half of 2024 and discussions with our clients indicate to us that the current operating environment continues to be more stable and constructive than it was throughout most of 2023. Against this backdrop, demand for technology resources and the desire for our clients to initiate new projects has remained stable over the last three quarters.” Mr. Liberatore continued, “While all economic...

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