Month: August 2024

JACKSON, Wyo., Aug. 14, 2024 (GLOBE NEWSWIRE) — Brand Engagement Network Inc. (“BEN”) (Nasdaq: BNAI), an emerging provider of safe and secure customer engagement AI, today announced its financial results and key business highlights for the second quarter ended June 30, 2024. “In the second quarter, we made continued progress on market validation initiatives, with meaningful acceleration in new proof of concepts” said Paul Chang, Co-CEO of BEN. “Looking to the second half of 2024, we expect the maturation of earlier engagements into production-ready deployments”. Second Quarter 2024 Key Business HighlightsAnnounced promotion of Paul Chang to Co-CEO, with responsibility including the entire BEN commercial operations focused on market validation and commercial growth of the business. Closed a private placement at a premium to market...

HOUSTON, Aug. 14, 2024 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the second quarter of 2024. Key HighlightsAGI facility online and treated 1.82 Bcf for the second quarter 2024 reducing operating expenses by $4.26/Boe compared to the first quarter 2024 On August 12, 2024, the AGI facility processed 26.6 MMcf/d which allowed the Company to return wells to production and realize approximately 7,500 Bbls of oil per day (approximately 13,500 Boe/d) net production Drilled and brought two additional wells on production in Monument Draw in the second quarter 2024 with the next two-well pad to be completed in late third quarter or early fourth quarter 2024 Generated second quarter 2024 sales volumes of 12,857 Boe/d Executed a $20.0...

LONDON, Aug. 14, 2024 (GLOBE NEWSWIRE) — Financial HighlightsOn August 14, 2024, the Board of Navigator Holdings Ltd. (NYSE: NVGS) declared a cash dividend of $0.05 per share for the quarter ended June 30, 2024, (the “Dividend”) under the Company’s Return of Capital policy. The Dividend will be paid on September 24, 2024, to all shareholders of record as of the close of business U.S. E.D.T. on September 3, 2024. Also as part of the Company’s Return of Capital policy for the quarter ended June 30, 2024, the Company expects to repurchase approximately $2.3 million of common stock between August 16, 2024, and September 30, 2024, subject to operating needs, market conditions, and other circumstances, such that the Dividend and share repurchases together equal 25% of net income for the quarter ended June 30, 2024. The...

SAN JOSE, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) — Firsthand Technology Value Fund, Inc. (OTCQB: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today its financial results for the quarter ended June 30, 2024. As of June 30, 2024, the Fund’s net assets were approximately $1.0 million, or $0.15 per share, compared with net assets of approximately $0.2 million, or $0.02 per share as of March 31, 2024. As of June 30, 2024, the Fund’s portfolio included public and private securities valued at approximately $5.7 million, or $0.82 per share, which includes approximately $0.00 per share in cash and cash equivalents. Portfolio Summary (as of 6/30/24)Investment Fair Value1,   Fair Valueper Share1,2Equity/Debt Investments $5.66 million   $0.82Cash/Cash Equivalents $0.01...

Q3’24 Industrial Services Segment Revenue Increased 49% to $8.5M; Management to Host Conference Call Today at 5:00 p.m. ET Hauppauge, NY, Aug. 14, 2024 (GLOBE NEWSWIRE) —  – Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its unaudited financial and operational results for the fiscal third quarter ended June 30, 2024. Key Third Quarter FY 2024 and Subsequent HighlightsRevenue for Q3’24 was flat at $14.7 million, compared to revenue of $14.7 million for Q3’23.Security segment revenues decreased 31% to $6.2 million in Q3’24 due primarily to the delay of multiple projects for the segment’s products and services. Industrial Services segment revenues for Q3’24 increased 49% to $8.5 million, on increased demand and additional revenue from the Heisey Mechanical...

Lowest Adj. EBITDA Loss1 in Company History with 34.8% Year-over-Year ImprovementGross Margin of 27.4% Shows Expansion of ~10pts versus Prior YearFY’24 Net Sales Guidance Range Implies YOY Growth of 30.0% to 46.9% PLANO, Texas, Aug. 14, 2024 (GLOBE NEWSWIRE) — Stryve Foods, Inc. (“Stryve” or “the Company”) (NASDAQ: SNAX), an emerging healthy snacking platform and leader in the air-dried meat snack industry in the United States, today reports financial and operating results for the three and six months ended June 30, 2024. The Company reported strong sequential revenue growth, improved gross margins, and a continued reduction in net loss, reflecting the ongoing success of its business transformation initiatives. Key highlights include net sales of $6.2 million representing sequential growth from the first quarter of 34.4% and 3.0%...

Maintained Cost-Efficient Operating Profile New Machine-Automated Pricing System Enhances Portfolio Growth Capabilities in Support of Multibillion Dollar Liquidity and Primary Capital Product Launch DALLAS, Aug. 14, 2024 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled financial services holding company that provides liquidity and related trust and custody services to holders of alternative assets, today reported its financial results for the fiscal 2025 first quarter, which ended June 30, 2024. Commenting on the fiscal 2025 first quarter results, Beneficient management said: “Our financial results improved on a sequential basis resulting in our first profitable quarter as a public company. We continue to position Ben as the leading solution for liquidity and primary capital in large...

Adjusted EBITDA of $(0.4) million Achieves 30% Growth in Unique Visitors and Time Spent Across Web Properties Secures $20 million Debt Financing Subsequent to Quarter End TORONTO, Aug. 14, 2024 (GLOBE NEWSWIRE) — Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), a leading gaming media and entertainment company, today announced financial results for the three months ended June 30, 2024 (“Q2 2024”). “In Q2, we delivered on our commitment to establish a stable financial footing and create a clear pathway to scalable profits. We’ve also delivered significant strength to our balance sheet, adding $20 million of liquidity through our debt financing to fund growth. We completed the outsourcing of our ad tech stack through our partnership with Playwire, a decision that has already resulted in significant...

Sequential Improvement of 180bps in Quarterly Net Revenue Comps from Q1 2024 to Q2 2024 Gross Margin Rate of 45.5%, up 80bps from Second Quarter 2023 Provides Third Quarter 2024 Financial Outlook CHICO, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) — Lulu’s Fashion Lounge Holdings, Inc. (“Lulus” or the “Company”) (Nasdaq: LVLU) today reported financial results for the second quarter ended June 30, 2024. Crystal Landsem, CEO of Lulus, said: “Our second quarter results were in line with the expectations laid out in our preliminary results, reflecting persisting headwinds that carried through the first half of the year from lower sales comps driven by lower markdown sales due to less markdown inventory, overall higher return rates resulting from a slower transition to our new return policy, and softer sales within our casual business....

WESTLAKE VILLAGE, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) — Genelux Corporation (NASDAQ: GNLX), a late clinical-stage immuno-oncology company, today announced financial results for the second quarter of 2024 and provided general business updates.   “The past quarter has continued to be transformative for the company as we completed a key financing expected to provide runway through three trial readouts, including our ongoing Phase 3 trial in platinum resistant/refractory ovarian cancer,” said Thomas Zindrick, President, Chairman and CEO of Genelux. “Beyond our pivotal Phase 3 trial, we look to provide interim data for systemic delivery of Olvi-Vec in both small and non-small cell lung cancer in the next 12 months.” The Company anticipates announcing interim results from the Phase 2 trial in recurrent non-small cell lung cancer by...