Day: August 20, 2024

Scorpius Holdings Achieves 16% Year-Over-Year Increase in Revenue for the Second Quarter of 2024

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

Reduces operating expenses by 25% Pipeline surpasses $100 million in weighted opportunities across the government and manufacturing sectors DURHAM, N.C., Aug. 20, 2024 (GLOBE NEWSWIRE) — Scorpius Holdings, Inc (NYSE American: SCPX) (“Scorpius” or “the Company”), an integrated contract development and manufacturing organization (“CDMO”), today provided strategic, financial, and operational updates for the second quarter ended June 30, 2024. Jeff Wolf, CEO of Scorpius Holdings, Inc., stated, “We are extremely proud of the progress Scorpius achieved in the second quarter of 2024. Despite facing a quarter with significant working capital challenges, our revenues still increased by 16% and we reduced our operating expenses by 25% over the same period last year. With our recently completed financing, we now have a much stronger balance...

C-Bond Systems Reports Highlights for Second Quarter 2024 with Revenue More Than Double that of Second Quarter 2023 and First Half 2024 Revenue Up 94% from First Half 2023

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

CEO Scott R. Silverman will discuss these results on a podcast, which will be posted on Wednesday, August 21st, on the Company’s YouTube channel SAN ANTONIO, Aug. 20, 2024 (GLOBE NEWSWIRE) — C-Bond Systems (the “Company” or “C-Bond”) (OTC: CBNT), a developer and marketer of glass strengthening solutions for enhanced safety, today announced financial results for the three months ended June 30, 2024, with quarterly revenue more than double that of second quarter of 2023, and first half 2024 revenue up almost 94% from the first half of 2023. The Company’s CEO, Scott R. Silverman, will discuss these financial results on a podcast, which will be posted tomorrow on the Company’s YouTube channel at: https://www.youtube.com/@CBondSystemsInc. Second Quarter and First Half 2024 Financial Highlights:For the three months ended June 30, 2024,...

AgEagle Aerial Systems Announces Landmark Delivery of eBee VISION Drones to the French Army

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

Delivery of the initial 20 of 49 systems effectuates the largest single purchase order in Company history WICHITA, Kan., Aug. 20, 2024 (GLOBE NEWSWIRE) — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, announces the delivery of the first 20 eBee VISION systems to its reseller for French Army surveillance operations. Each system consists of an eBee VISION UAV, ground control systems, comms and antenna package, and a tactical backpack unit. The units delivered pursuant to this purchase order will be followed by a comprehensive spares package, with the total order valued at $3.4M. Bill Irby, AgEagle President, stated, “This marks a significant milestone in our defense market growth strategy....

Electric Scooter Market to Surpass USD 70.58 Billion by 2031, Witnessing 9.9% CAGR Growth | SkyQuest Technology

Written by Customer Service on August 20, 2024. Posted in Mergers And Acquisitions.

Westford, USA, Aug. 20, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that global electric scooter market will attain a value of USD 70.58 Billion by 2031, with a CAGR of 9.9% during the forecast period (2024-2031). The adoption of electric scooters, or e-scooters, is predicted to be driven by the rising demand for fuel-efficient automobiles as well as growing concerns over carbon emissions and greenhouse gas emissions over the projection period. Furthermore, the market for electric scooters is growing due to the fleet’s inclusion in the shared mobility and vehicle rental ecosystems. Download a detailed overview:https://www.skyquestt.com/sample-request/electric-scooter-market Browse in-depth TOC on the ” Electric Scooter Market “Pages – 222 Tables – 94 Figures – 76Electric Scooter Market Overview:Report...

Workhorse Group Reports Second Quarter 2024 Results

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

CINCINNATI, Aug. 20, 2024 (GLOBE NEWSWIRE) — Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today reported financial results for the second quarter ended June 30, 2024. Management Commentary “During the second quarter, we continued to advance our EV product roadmap and worked diligently to gain momentum with prospective customers,” said Workhorse CEO Rick Dauch. “We successfully executed field demonstrations with multiple national fleets, secured new dealer partnerships, and generated local and state governmental interest through our recently awarded Sourcewell contract for procurement in the category of Class 4-8 cab chassis and related equipment, accessories, and services. We are also doing the R&D...

Zeo Energy Corp. Reports Second Quarter 2024 Financial Results

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

NEW PORT RICHEY, Fla., Aug. 20, 2024 (GLOBE NEWSWIRE) — Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo”, “Zeo Energy”, or the “Company”), a leading Florida-based provider of residential solar and energy efficiency solutions, today reported financial results for the second quarter and six months ended June 30, 2024. Recent Financial and Operational HighlightsRecent launch into Ohio and Illinois markets have yielded encouraging initial results Appointment of experienced finance and accounting executive Cannon Holbrook as Chief Financial Officer Decline in revenue for residential solar in the quarter to $14.7 million Positive adjusted EBITDA for the second quarter 2024 at $0.7 million driven by flexible operating model and disciplined cost managementManagement Commentary “While the second quarter of 2024 presented well-documented and significant...

Reborn Coffee Provides Second Quarter 2024 Corporate Update and Financial Results

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

BREA, Calif., Aug. 20, 2024 (GLOBE NEWSWIRE) — Reborn Coffee Inc. (Nasdaq: REBN), (“Reborn”, or the “Company”), a leading specialty coffee retailer in the US, has reported its financial and operational results for the second quarter ended June 30, 2024. Key Financial and Operational HighlightsSix months ending June 30, 2024 revenue increased 11.54% to $2.9 million. Q2’24 company-operated store gross margins improved to 72.9% compared to 65.3% for the same period in 2023. Ended Q2’24 with 11 open locations, with 1 location in development. Q2’24 wholesale and online sales grew 633% to $0.2 million from $24,320 in Q2’23.Q2 2024 and Subsequent EventsStrategic joint venture with China’s AI company Penglai Data Store to Lead and develop master franchises in China, Hong Kong and Macao. Signed Memorandum of...

Modaxo Welcomes CAMMAX

Written by Customer Service on August 20, 2024. Posted in Mergers And Acquisitions.

TORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) — Modaxo Inc. (“Modaxo”), a global technology organization focused on moving the world’s people, today announced the acquisition of CAMMAX LIMITED (“CAMMAX”), a UK provider of self-service Ticket Vending Machines (TVMs), Parking Payment machines, and associated services. CAMMAX brings a wealth of expertise and a proven track record in delivering innovative payment systems for public transportation and car parks. The company’s solution portfolio includes a wide range of TVMs for rail, tram, and bus journeys, as well as off-street parking payment systems for Pay on Exit, Pay on Entry, and Hybrid car parks. “We are delighted to welcome CAMMAX and its employees and customers to the Modaxo family,” said Laurent Eskenazi, Head of EMEA, UK, and Asia at Modaxo. “CAMMAX’s impressive track record in...

Golden Matrix Enters Into Definitive Agreement to Acquire a Controlling Interest in Australian-Based Classics for a Cause

Written by Customer Service on August 20, 2024. Posted in Mergers And Acquisitions.

Golden Matrix Group Inc.CFAC rewards its members with free entries into promotional giveaways, which feature luxury, high-end American and Australian classic cars, caravans and campers as well as cash and vacation giveaways.LAS VEGAS, NV, Aug. 20, 2024 (GLOBE NEWSWIRE) — Golden Matrix Group, Inc. (Nasdaq: GMGI) (“GMGI” or the “Company”), a developer and licensor of online gaming platforms, systems and gaming content, today announced that it has entered into a definitive agreement to acquire an indirect 80% controlling interest in Classics for a Cause Pty Ltd (“CFAC”), a leading independent online discount platform in Australia. This strategic acquisition marks GMGI’s entry into the consumer loyalty and rewards industry, complementing its existing operations in the gaming and sports betting sectors and solidifying its position...

Nanox Announces Second Quarter of 2024 Financial Results and Provides Business Update

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

Accelerated the deployment of Nanox ARC in the US market, Submitted a new 510k application to the FDA to expand Nanox.ARC indications to include general use, including chest Nanox.AI Receives FDA 510K Clearance for HealthCCSng V 2.0, upgraded version of its AI Cardiac Solution Management to host conference call and webcast Tuesday, August 20, 2024 at 8:30 AM ET PETAH TIKVA, Israel, Aug. 20, 2024 (GLOBE NEWSWIRE) — NANO-X IMAGING LTD (NASDAQ: NNOX) (“Nanox” or the “Company”), an innovative medical imaging technology company, today announced results for the second quarter ended June 30, 2024 and provided a business update. Recent Highlights:Generated $2.7 million in revenue in the second quarter of 2024, compared to $2.6 million in the second quarter of 2023. Submitted a new 510k submission to the FDA to expand the intended use...

Day: August 20, 2024

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