Day: August 20, 2024

Lotus Robotics Provides Intelligent Driving Solutions for New Energy Trucks and Vans

Written by Customer Service on August 20, 2024. Posted in Public Companies.

NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) — Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent luxury mobility provider, today announced that its intelligent driving arm, Lotus Robotics, has provided end-to-end intelligent driving solutions to Farizon Auto, a global leading automaker in new energy commercial vehicle sector. This strategic collaboration marks a significant milestone as the Company further expand its business outreach through technologies. Farizon is dedicated to developing and producing clean, new energy commercial vehicles including heavy duty trucks, light duty vans, and commercial buses for interstate logistic and intracity dispatch, globally. Lotus Robotics provides a comprehensive suite of advanced intelligent driving solutions, including ADAS, highway NOA, urban...

Northland Power Confirms Hai Long Offshore Project Incident

Written by Customer Service on August 20, 2024. Posted in Public Companies.

TORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) — Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) confirms that at approximately 10:00 AM local time on August 20, 2024, an incident occurred at the Hai Long Changhua onshore substation, part of its offshore wind project in Taiwan. While the details of the incident remain under investigation, the preliminary information available cited a leak of carbon dioxide from the fire suppression system, which affected approximately 17 on-site workers. In alignment with established emergency response protocols, emergency services were immediately notified, and first aid measures were promptly administered on-site. The affected individuals were quickly transported to nearby hospitals, where they are currently receiving emergency treatment. The project team is fully cooperating with local...

Regeneron Provides Update on Biologics License Application for Linvoseltamab

Written by Customer Service on August 20, 2024. Posted in Public Companies.

TARRYTOWN, N.Y., Aug. 20, 2024 (GLOBE NEWSWIRE) — Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) today announced that the U.S. Food and Drug Administration (FDA) has issued a Complete Response Letter (CRL) for the Biologics License Application (BLA) for linvoseltamab in relapsed/refractory (R/R) multiple myeloma (MM) that has progressed after at least three prior therapies. This anticipated outcome was previously disclosed during Regeneron’s second quarter 2024 earnings call. The sole approvability issue identified is related to findings from a pre-approval inspection at a third-party fill/finish manufacturer for another company’s product candidate. The third-party fill/finish manufacturer has since informed Regeneron that it believes the findings have been resolved, their facility is awaiting reinspection by the FDA, and it is...

Dada Announces Unaudited Second Quarter 2024 Financial Results

Written by Customer Service on August 20, 2024. Posted in Earnings Releases And Operating Results.

SHANGHAI, China, Aug. 20, 2024 (GLOBE NEWSWIRE) — Dada Nexus Limited (NASDAQ: DADA, “Dada”, the “Company”, or “we”), China’s leading local on-demand retail and delivery platform, today announced its unaudited financial results for the second quarter ended June 30, 2024. “I am grateful for the Board’s trust and honored to take on the responsibilities of Chairman. With the Board’s vision and leadership, we remain optimistic about the journey ahead of us in the on-demand retail and delivery industries,” said Mr. Kevin Qing Guo, Chairman of the Board of Dada. “In the second quarter of 2024, our focus on user experience and high-quality development continued to bear significant fruits. JD NOW1 recorded over 100% year-on-year growth in both monthly transacting users2 and orders through the JD App in the second quarter of 2024. Dada NOW3...

Atico Reports Consolidated Financial Results for Second Quarter of 2024

Written by Customer Service on August 20, 2024. Posted in Earnings Releases And Operating Results.

(All amounts expressed in US dollars, unless otherwise stated) VANCOUVER, British Columbia, Aug. 20, 2024 (GLOBE NEWSWIRE) — Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) today announced its financial results for the three months ended June 30, 2024, posting income from mining operations of $2.6 million and a net loss of $0.4 million. Production for the period at Atico’s El Roble mine totaled 3.7 million pounds (“lbs”) of copper and 2,850 ounces (“oz”) of gold in concentrate at a cash cost(1) of $1.48 per payable pound of copper(2). Fernando E. Ganoza, CEO and Director, commented, “this period we had improvements in almost all operational metrics when compared to the previous quarter and same period last year. However, these improvements are not reflected in this period’s revenue and income as a...

Fountain Asset Corp. Announces its Financial Results for the Quarter Ended June 30, 2024

Written by Customer Service on August 20, 2024. Posted in Earnings Releases And Operating Results.

TORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) — Fountain Asset Corp. (TSXV:FA) (“Fountain” or the “Company”) would like to announce its financial results for the three and six months ended June 30, 2024 (“Q2/24”). Highlights from three months ended June 30, 2024: NAV of $5.73 million ($0.09/share) at June 30, 2024 compared to $6.22 million ($0.10/share) at March 31, 2024, representing a 10% decrease on a quarter over quarter per share basis. NAV is calculated as the value of total assets less the value of total liabilities; Net comprehensive losses of $0.49 million compared to net comprehensive losses of $0.70 million for the quarter ended June 30, 2023 (“Q2/23”); Total losses from investment activity was $0.27 million compared to losses of $0.53 million for Q2/23; Net realized gains on the sale of portfolio investments of $0.17 million...

ANY LAB TEST NOW AND ARCPOINT CREATE LARGEST FRANCHISE DIRECT ACCESS LAB TESTING GROUP IN THE UNITED STATES

Written by Customer Service on August 20, 2024. Posted in Public Companies.

Greenville, South Carolina, Aug. 20, 2024 (GLOBE NEWSWIRE) — ARCpoint Inc. (TSXV: ARC) (the “Company” or “ARCpoint”) is pleased to announce that it has entered into a transaction, dated August 20, 2024, with Any Lab Test Now, (“ALTN”) and is finalizing the process to bring together the franchise operations of both companies into a new joint venture company, CRESSO Brands, LLC. (“CRESSO”). Any Lab Test Now CEO, Clarissa Bradstock, commented “By combining our two franchise operations, we will not only create the largest franchise network of its kind in the United States, but we expect to capitalize on the respective strengths of both franchise groups to improve both individual unit and overall economic performance. As a collaborative group, we believe that ARCpoint franchisees will benefit from the Any Lab Test Now experience gained...

Rendering Speculation Unnecessary, TrustCo Delivers Again With a Quarterly Dividend of $0.36 Per Share

Written by Customer Service on August 20, 2024. Posted in Dividend Reports And Estimates.

GLENVILLE, N.Y., Aug. 20, 2024 (GLOBE NEWSWIRE) — The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on August 20, 2024, declared a quarterly cash dividend of $0.36 per share, or $1.44 per share on an annualized basis. The dividend will be payable on October 1, 2024 to shareholders of record at the close of business on September 6, 2024. Chairman, President, and Chief Executive Officer Robert J. McCormick said: “While investors and market-watchers are speculating about what will happen with interest rates, Trustco Bank delivers again this quarter with a consistent and meaningful dividend, as it has done each quarter for over a century. We are very proud that our strength and liquidity permit us to continue this tradition.” About TrustCo Bank Corp NYTrustCo Bank Corp NY is a $6.1 billion savings and loan holding...

Canadian Net REIT Announces 2024 Second-Quarter Results

Written by Customer Service on August 20, 2024. Posted in Public Companies.

REIT also announces monthly distributions for Q4 2024 MONTRÉAL, Aug. 20, 2024 (GLOBE NEWSWIRE) — Canadian Net Real Estate Investment Trust (“Canadian Net” or the “REIT”) (TSX-V: NET.UN) today reported its results for the quarter ended June 30th, 2024 (“Q2 2024”). The REIT also announced distributions for the months of October, November and December 2024. “Our FFO per unit1 had a 4% decrease while managing to absorb the full impact of interest rate increases,” said Kevin Henley, President and CEO. “With lower interest rates, we are already benefiting from reduced costs on our credit facilities and mortgage renewals. Additionally, we sold five gas station properties, one during Q2 and four after the quarter as part of our strategy to optimize our portfolio and reallocate capital to more profitable opportunities. With fresh capital...

Toll Brothers Reports FY 2024 3rd Quarter Results

Written by Customer Service on August 20, 2024. Posted in Earnings Releases And Operating Results.

Reserve at Center Square Eagleville, PA FORT WASHINGTON, Pa., Aug. 20, 2024 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL) (TollBrothers.com), the nation’s leading builder of luxury homes, today announced results for its third quarter ended July 31, 2024. FY 2024’s Third Quarter Financial Highlights (Compared to FY 2023’s Third Quarter): Net income and earnings per share were $374.6 million and $3.60 per diluted share, compared to net income of $414.8 million and $3.73 per diluted share in FY 2023’s third quarter. Pre-tax income was $503.6 million, compared to $553.0 million in FY 2023’s third quarter. Home sales revenues were $2.72 billion, up 2% compared to FY 2023’s third quarter; delivered homes were 2,814, up 11%. Net signed contract value was $2.41 billion, up 11% compared to FY 2023’s third quarter; contracted...

Day: August 20, 2024

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