Month: August 2024

Syntec achieves sequential revenue growth and returns to positive EBITDA and Earnings per Share. ROCHESTER, NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) — Syntec Optics Holdings, Inc. (“Syntec Optics” or the “Company”) (Nasdaq: OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today reported financial results for the first quarter of 2024. Second Quarter 2024 Financial HighlightsNet Sales of $7.01 million increased by 12% from $6.26 million in Q1 2024, and sales from products increased by 20% from $5.8 million in Q2 2023. Adjusted EBITDA increased to $1.32 million from negative $0.67 million in Q1 2024. Earnings per Share increased to $0.01 from negative $0.03 in Q1 2024.Dean Rudy, CFO, said, “At the previous earnings call, we provided...

SALT LAKE CITY, Aug. 14, 2024 (GLOBE NEWSWIRE) — Security National Financial Corporation (SNFC) (NASDAQ symbol “SNFCA”) announced financial results for the quarter ended June 30, 2024. For the three months ended June 30, 2024, SNFC’s after tax earnings increase nearly 15% from $6,353,000 in 2023 to $7,272,000 in 2024. For the six months ended June 30, 2024, after tax earnings increased 94% to $14,746,000 from $7,593,000 in 2023. Scott M. Quist, President of the Company, said: “I am quite pleased with our Company’s financial performance in the first half of 2024. To have a 95% increase in pretax income over 2023 is an excellent performance. In my view our operational income was even better. Because we have substantial real estate investments, sometimes the associated investment income can be a little “lumpy”, just given...

PHOENIX, Aug. 14, 2024 (GLOBE NEWSWIRE) — QuoteMedia, Inc. (OTCQB: QMCI), a leading provider of market data and financial applications, announced financial results for the quarter ended June 30, 2024. QuoteMedia provides banks, brokerage firms, private equity firms, financial planners and sophisticated investors with a more economical, higher quality alternative source of stock market data and related research information. We compete with several larger legacy organizations and a modest community of other smaller companies. QuoteMedia provides comprehensive market data services, including streaming data feeds, on-demand request-based data (XML/JSON), web content solutions (financial content for website integration) and applications such as Quotestream Professional desktop and mobile.  Highlights for Q2 2024 include the following:Quarterly...

Grieg Seafood ASA will release its second quarter 2024 results on Wednesday, 21 August 2024, at 6:00 a.m. CEST. The same day at 10:45 a.m. CEST, CEO Andreas Kvame and CFO Atle Harald Sandtorv will present the results live at “Vestland på Børs” at Scandic Flesland Airport. A live webcast from the presentation can be accessed at https://investor.griegseafood.com/reports-&-presentations#quarterly or with the following link: https://channel.royalcast.com/landingpage/hegnarmedia/20240821_22/. For further enquiries, please contact: Andreas Kvame, CEO Cell phone: +47 907 71 441 Atle Harald Sandtorv, CFO Cell phone +47 908 45 252About Grieg Seafood Grieg Seafood ASA is one of the world’s leading salmon farmers. Our farms are in Finnmark and Rogaland in Norway, and British Columbia as well as Newfoundland in Canada. Our headquarter...

CARLSBAD, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) — AppTech Payments Corp. (Nasdaq: APCX) (“AppTech” or the “Company”), a pioneering Fintech company powering frictionless commerce, today announces its financial results for the second quarter ended June 30, 2024, showcasing strategic progress and continued operational efficiency. Financial Highlights Revenue PerformanceReported revenue of approximately $76 thousand for Q2 2024, reflecting a decrease of $134 thousand in the same period last year due to lower merchant processing revenue. This decrease aligns with the Company’s strategic decision to prioritize long-term growth through multiple integrations and the licensing of its innovative product offerings. These initiatives are expected to contribute positively to future quarters, subject to market adoption and customer uptake. Operating...

ATLANTA, Aug. 14, 2024 (GLOBE NEWSWIRE) — Atlantic American Corporation (Nasdaq- AAME) today reported net loss of $0.7 million, or $(0.04) per diluted share, for the three month period ended June 30, 2024, compared to net income of $1.7 million, or $0.08 per diluted share, for the three month period ended June 30, 2023. The Company had net loss of $2.7 million, or $(0.14) per diluted share, for the six month period ended June 30, 2024, compared to net income of $0.3 million, or $0.00 per diluted share, for the six month period ended June 30, 2023. The increase in net loss for the three month and six month periods ended June 30, 2024 was primarily the result of unfavorable loss experience in the Company’s life and health operations, as well as in the Company’s property and casualty operations, compared to the prior year periods. Operating...

At a board meeting on 14 August 2024, the Board of Directors and the CEO approved the interim financial statements of the Kvika banki hf. (“Kvika” or “the bank”) for the second quarter and first six months of 2024. In Kvika’s financial statements for the period the insurance subsidiary TM tryggingar hf. (“TM”) is classified as held for sale. As a result, and in accordance with international financial reporting standards, the Group reports income from operations of TM in a single line in the consolidated income statement as profit after tax from discontinued operations. The comparative figures of operations from 2023 have been restated accordingly. Highlights of performance in the second quarter (Q2 2024)Post-tax profit of the group as a whole amounts to ISK 1,256 million in Q2 2024, compared to ISK 745 million in Q2 2023 and increases...