Day: August 7, 2024

ATHENS, Greece, Aug. 07, 2024 (GLOBE NEWSWIRE) — OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported time charter revenues of $6.7 million, a net loss of $8.2 million and net loss attributed to common stockholders of $8.6 million for the second quarter of 2024. This compares to time charter revenues of $5.4 million, a net income of $1.3 million and net income attributed to common stockholders of $483 thousand for the second quarter of 2023. For the six months ended June 30, 2024, the Company reported time charter revenues of $12.4 million, a net loss of $9.5 million and net loss attributed to common stockholders of $10.3 million. This compares to time charter revenues of $9.3 million, a net income of $1.3 million and net income attributed to common stockholders...

TORONTO, Aug. 07, 2024 (GLOBE NEWSWIRE) — Sprott Inc. (NYSE/TSX: SII) (“Sprott” or the “Company”) today announced its financial results for the three and six months ended June 30, 2024. Management commentary “We are pleased to report that during the second quarter of 2024, Sprott’s Assets Under Management (“AUM”) reached $31.1 billion, up 6% from March 31, 2024 and up 8% from December 31, 2023,” said Whitney George, CEO of Sprott. “After more than four years of positive net sales, we started 2024 with $284 million of net redemptions in the first quarter. This quarter, we returned to positive net sales with $357 million of net inflows and an additional $110 million from the recent initial public offering (“IPO”) of the Sprott Physical Copper Trust (“COP”), bringing our net sales in the first half of...

MANITOWOC, Wisc., Aug. 07, 2024 (GLOBE NEWSWIRE) — Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today reported results for its fiscal 2025 first quarter (Q1’25) ended June 30, 2024. Orion will hold an investor call today at 10:00 a.m. ET – details below. Orion is maintaining its revenue growth outlook of 10-15% which is expected to be more weighted to the second half of fiscal 2025.Q1 Financial Summary   Prior Three Quarters$ in millions except per share figures Q1’25 Q1’24 Change   Q4’24 Q3’24 Q2’24LED Lighting Revenue $12.8 $12.6 +1%   $16.3 $18.5 $13.6EV Charging Revenue $3.8 $1.2 +209%   $4.9 $2.8 $3.4Maintenance Revenue $3.3 $3.8 -11%   $5.2 $4.6 $3.6Total Revenue $19.9 $17.6 $2.3   $26.4 $26.0 $20.6Gross...

Revenue Increased by 13% Year-over-Year,GAAP Operating Income of $2.8 Million andAdjusted EBITDA of $10.1 Million PETAH TIKVA, Israel, Aug. 07, 2024 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the second quarter, ended June 30, 2024. Second Quarter 2024 Financial HighlightsRevenue of $76.6 million, up 13% compared with $67.6 million in Q2 2023; GAAP operating income of $2.8 million, compared with $5.4 million in Q2 2023;The decline is mainly attributable to the acquisition-related expenses, amortization of purchased intangibles, and earnout-based expenses related to DataPath acquisition;Non-GAAP operating income of $7.3 million, up 21% compared with $6.1 million in Q2 2023; GAAP net...

BELO HORIZONTE, Brazil, Aug. 07, 2024 (GLOBE NEWSWIRE) — Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the leading financial super app providing financial and digital commerce services to over 33 million customers, today reported financial results for the second quarter of 2024. Highlights:Record net income of R$ 223 million. 10.4% ROE, surpassing the double-digit milestone. TPV increased 47% YoY, reaching R$ 290 billions. AuC reached R$ 105 billion, a 37% increase YoY.Inter&Co reported strong results with another quarter of increased profitability and consistent growth across its seven verticals. The results also show another important milestone: a 10.4% ROE. João Vitor Menin, CEO of Inter&Co commented: “I can affirm that our combination of growth and profitability is propelling us to new heights. The execution...