Day: August 19, 2024

Mawson Infrastructure Group Inc. Reports Q2 2024 Financial Results

Written by Customer Service on August 19, 2024. Posted in Earnings Releases And Operating Results.

Q2 Digital Colocation Business Revenue increased 77% Y/YQ2 Energy Management Business Revenue increased 70% Y/YCompany Optimized and Reduced Q2 SG&A Expenses by 42% Y/YQ2 2024 Total Revenue Increased 24% Y/Y and Increased 75% YTD (6 months) of 2024 MIDLAND, Pa., Aug. 19, 2024 (GLOBE NEWSWIRE) — Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson”, “the Company”), a publicly traded digital infrastructure provider headquartered in the United States, today announced its unaudited financial and operational results for the second quarter of fiscal year 2024 ended June 30, 2024. Rahul Mewawalla, CEO and President of Mawson, said, “We are pleased to deliver another solid quarter, including growth of our digital colocation business with revenue increasing by 77% this quarter, and growth of our energy management business...

Universal Security Instruments Reports First-Quarter Results

Written by Customer Service on August 19, 2024. Posted in Earnings Releases And Operating Results.

OWINGS MILLS, Md., Aug. 19, 2024 (GLOBE NEWSWIRE) — Universal Security Instruments, Inc. (NYSE Amex: UUU) today announced results for its fiscal quarter ended June 30, 2024. The Company reported sales of $4,598,516 for the quarter ended June 30, 2024, versus $6,698,771 for the comparable period of last year. The Company reported a net loss of $442,206 or $(0.19) per basic and diluted share, compared to net income of $165,130, or $0.07 per basic and diluted share, for the same period last year. Harvey Grossblatt – President and CEO said: “Sales were lower due to supply chain delays in obtaining components for the Company’s security products, and gross margins were reduced in the June quarter by higher ocean freight and component costs.” UNIVERSAL SECURITY INSTRUMENTS, INC. is a distributor of safety and security devices....

Liberty Gold Provides Update on TV Tower Transaction

Written by Customer Service on August 19, 2024. Posted in Mergers And Acquisitions.

VANCOUVER, British Columbia, Aug. 19, 2024 (GLOBE NEWSWIRE) — Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce it has received approval from the Bureau of Mining and Petroleum Affairs of the Ministry of Energy and Natural Resources of the Turkish Government for the previously announced sale of its interest in the TV Tower copper gold project (“TV Tower” or the “Project”), located in Biga Province, northwest Türkiye (see press release dated April 17, 2024). The transaction is expected to close in September. Cal Everett, CEO and Director of Liberty Gold commented, “The government approval of the sale of TV Tower represents the final approval required for the transaction, which upon closing will complete the monetization process of all of Liberty Gold’s Turkish assets and establish...

Fluent Announces Second Quarter 2024 Financial Results

Written by Customer Service on August 19, 2024. Posted in Earnings Releases And Operating Results.

Revenue of $58.7 million for Q2 2024 and $124.7 for 1H 2024 Net loss of $11.6 million for Q2 2024 and $17.9 for 1H 2024 Gross profit (exclusive of depreciation and amortization) of $12.6 million for Q2 2024 and $31.2 for 1H 2024 Media margin of $15.7 million for Q2 2024 and $37.8 million for 1H 2024 Adjusted EBITDA of negative $4.5 million for Q2 2024 and $3.8 million for 1H 2024 Adjusted net loss of $7.3 million for Q2 2024 and $11.5 for 1H 2024NEW YORK, Aug. 19, 2024 (GLOBE NEWSWIRE) — Fluent, Inc. (NASDAQ: FLNT), a leading data-driven performance marketing company, today reported financial results for the second quarter ended June 30, 2024. Don Patrick, Fluent’s Chief Executive Officer, commented, “We continued to drive key strategic initiatives in the second quarter of 2024 to accelerate our strategic pivot as we position...

Digital Brands Group Reports Second Quarter 2024 Financial Results

Written by Customer Service on August 19, 2024. Posted in Public Companies.

Austin, TX, Aug. 19, 2024 (GLOBE NEWSWIRE) — Digital Brands Group, Inc. (“DBG”) (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its second quarter ended June 30, 2024. “The company paid off over $5.0 million in debt and other liabilities during the first half of this year. The Company also lowered its G&A expenses by $4.5 million during the same period. Based on conversations with strategic partners, we believe cleaning up the balance sheet creates more interest, especially coupled with significantly lower operating expenses,” said Hil Davis, CEO of Digital Brands Group. Davis continued, “We believe the softer consumer environment will improve. At that time, we believe the Company will be in a much better position to leverage any growth spend, especially...

DIH Announces Fiscal 2025 First Quarter Financial Results

Written by Customer Service on August 19, 2024. Posted in Public Companies.

NORWELL, Mass., Aug. 19, 2024 (GLOBE NEWSWIRE) — DIH Holding US, Inc. (“DIH”)(NASDAQ:DHAI), a global provider of advanced robotic devices used in physical rehabilitation, which incorporate visual stimulation in an interactive manner to enable clinical research and intensive functional rehabilitation and training in patients with walking impairments, reduced balance and/or impaired arm and hand functions, today announced financial results for the quarter ended June 30, 2024, which is the first quarter of fiscal 2025. Recent HighlightsRevenue of $16.2 million for the quarter ended June 30, 2024, representing growth of 24% over the prior year period Device revenue of $12.3 million and service revenue of $3.5 million for the quarter ended June 30, 2024, representing growth of 18% and 49%, respectively over the prior year...

McEwen Mining Announces Closing of Timberline Acquisition

Written by Customer Service on August 19, 2024. Posted in Mergers And Acquisitions.

TORONTO, Aug. 19, 2024 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported the completion of the previously announced acquisition of all the issued and outstanding common shares of Timberline Resources Corporation (TSXV:TBR)(OTCQB:TLRS) (“Timberline”) by way of a merger between Timberline and a wholly-owned subsidiary of McEwen Mining (the “Transaction”). Timberline shareholders overwhelmingly approved the merger with McEwen Mining at Timberline’s special meeting held on August 16th, 2024. “We are pleased to bring Timberline’s assets into McEwen Mining and offer a warm welcome to its shareowners. We aim to move the Eureka project forward on multiple fronts, including additional exploration drilling, permitting activities and development planning,” commented Rob McEwen, Chairman and Chief Owner. “Nevada is...

Fabrinet Announces Fourth Quarter and Fiscal Year 2024 Financial Results

Written by Customer Service on August 19, 2024. Posted in Earnings Releases And Operating Results.

Record Fourth Quarter Revenue and Earnings Per Share Exceed GuidanceBANGKOK, Thailand, Aug. 19, 2024 (GLOBE NEWSWIRE) — Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its fourth quarter and fiscal year ended June 28, 2024. Seamus Grady, Chief Executive Officer of Fabrinet, said, “Our strong fourth quarter results capped a remarkable fiscal year, representing our fourth quarter in a row of record revenue, and record earnings per share, both of which were above our guidance ranges. We remain optimistic about our future, with numerous drivers that position us to extend our track record of success into fiscal year 2025.” Fourth Quarter...

Akari Therapeutics Reports Second Quarter 2024 Financial Results and Recent Highlights

Written by Customer Service on August 19, 2024. Posted in Earnings Releases And Operating Results.

Samir R. Patel, M.D. Appointed Interim CEO; Interim CEO Employment Contract Demonstrates Alignment with Shareholders Plan for Prioritization of Peak Bio’s ADC Cancer Therapeutic Platform Technology and Akari’s PAS-nomacopan for Geographic Atrophy Existing Investors Support the Company with Issuance of $1 Million in Unsecured Convertible Notes Secured $7.6 Million in Upsized Financing Round Receives Positive and Constructive Pre-IND Feedback from US FDA for PAS-nomacopan in Treatment of Geographic Atrophy BOSTON and LONDON, Aug. 19, 2024 (GLOBE NEWSWIRE) — Akari Therapeutics, Plc (Nasdaq: AKTX), an innovative biotechnology company developing advanced therapies for autoimmune and inflammatory diseases, has reported financial results for the second quarter ended June 30, 2024 as well as recent company highlights. “Moving into my...

Cue Biopharma Reports Second Quarter 2024 Financial Results and Recent Business Highlights

Written by Customer Service on August 19, 2024. Posted in Earnings Releases And Operating Results.

BOSTON, Aug. 19, 2024 (GLOBE NEWSWIRE) — Cue Biopharma, Inc. (Nasdaq: CUE), a clinical-stage biopharmaceutical company developing a novel class of therapeutic biologics to selectively engage and modulate disease-specific T cells, provided a business and financial update for the second quarter 2024. Recent Business HighlightsDelivered oral presentation on updated data from ongoing Phase 1(b) trial of CUE-101 as a first line (1L) therapy in human papillomavirus positive (HPV+) recurrent/metastatic head and neck squamous cell carcinoma (R/M HNSCC), with standard of care (SOC) checkpoint inhibitor (CPI) KEYTRUDA® (pembrolizumab) and as a monotherapy in second line and beyond (2L+) HPV+ R/M HNSCC, as well as a poster presentation on CUE-102 in Wilms’ Tumor 1 (WT1) positive cancers at the 2024 American Society of Clinical Oncology...

Day: August 19, 2024

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