Month: August 2024

Vincerx Pharma Reports Second Quarter 2024 Financial Results

Written by Customer Service on August 8, 2024. Posted in Public Companies.

Vincerx continues to enroll its Phase 1 studies of antibody-drug conjugate (ADC) VIP943, with data expected by the end of Q4 2024, and small molecule drug-conjugate (SMDC) VIP236, with data expected at the end of Q3 2024 Expected cash runway through 2024 PALO ALTO, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) — Vincerx Pharma, Inc. (Nasdaq: VINC), a biopharmaceutical company aspiring to address the unmet medical needs of patients with cancer through paradigm-shifting therapeutics, today reported financial results for the second quarter of 2024 and provided an overview of its clinical programs and anticipated milestones. “During the second quarter, our team focused on execution and the continued enrollment of patients in our ongoing Phase 1 studies for our potentially best-in-class ADC, VIP943, and first-in-class SMDC, VIP236,” said Ahmed...

SCYNEXIS Reports Second Quarter 2024 Financial Results and Provides Corporate Update

Written by Customer Service on August 8, 2024. Posted in Public Companies.

Clinical study reports for the FURI, CARES and NATURE trials in refractory or resistant invasive fungal infections were delivered to GSK, triggering a $10 million development milestone payment to SCYNEXIS which we expect to receive in Q3 2024.SCY-247’s IND-enabling activities continue to progress. Pre-clinical in vitro and in vivo studies, presented at several medical conferences, have shown potent and broad antifungal activity. Phase 1 study initiation is planned for Q4 2024.SCYNEXIS ended Q2 2024 with cash, cash equivalents and investments of $83.7 million, not including the recently earned $10 million development milestone, and projects a cash runway of more than two years.JERSEY CITY, N.J., Aug. 08, 2024 (GLOBE NEWSWIRE) — SCYNEXIS, Inc. (NASDAQ: SCYX), a biotechnology company pioneering innovative medicines to overcome...

Red Cat Holdings Reports Financial Results for Fiscal Year Ended April 30, 2024 and Provides Business Update

Written by Customer Service on August 8, 2024. Posted in Public Companies.

SAN JUAN, Puerto Rico, Aug. 08, 2024 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the fiscal year ended April 30, 2024 and provides a business update Recent Operational Highlights:Certification of Teal 2 as Blue UAS received from U.S. Department of Defense Continued global sales expansion into Middle East and Latin American markets Selected by U.S. Army as finalist for Short Range Reconnaissance Program of Record Launched Red Cat Futures Initiative Drone Industry Consortium Introduced new Family of Low-Cost, Portable ISR and Precision Strike Systems Formed new industry partnerships to integrate advanced AI and GPS-denied capabilitiesFiscal...

Markforged Announces Second Quarter 2024 Results

Written by Customer Service on August 8, 2024. Posted in Public Companies.

Announcing $25M Cost Reduction Initiative WALTHAM, Mass., Aug. 08, 2024 (GLOBE NEWSWIRE) — Markforged Holding Corporation (NYSE: MKFG) (the “Company”), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Results Compared To Second Quarter 2023Revenue was $21.7 million compared to $25.4 million. Gross margin was 50.2% compared to 47.0%. Non-GAAP gross margin was 51.9% compared to 48.3%. Operating expenses were $27.9 million compared to $32.1 million. Non-GAAP operating expenses were $23.3 million compared to $26.6 million. Net loss was $14.4 million compared to net loss of $19.0 million. Non-GAAP net loss was $10.8 million compared to a loss of $12.5 million. Cash...

Planet 13 Announces Q2 2024 Financial Results

Written by Customer Service on August 8, 2024. Posted in Earnings Releases And Operating Results.

Q2 2024 Revenue of $31.1 millionQ2 2024 Net loss of $8.1 millionQ2 2024 Adjusted EBITDA of $3.2 millionAll figures are reported in United States dollars ($) unless otherwise indicated LAS VEGAS, Aug. 08, 2024 (GLOBE NEWSWIRE) — Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated multi-state cannabis company, today announced its financial results for the three-month period ended June 30, 2024. Planet 13’s financial statements are prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). “Q2 was an exciting period for Planet 13, marked by strong financial performance and execution of our growth initiatives. We closed the transformational acquisition in Florida and opened our completely unique DAZED! consumption lounge. In addition to consolidating...

Portman Ridge Finance Corporation Announces Second Quarter 2024 Financial Results

Written by Customer Service on August 8, 2024. Posted in Earnings Releases And Operating Results.

Reports Net Investment Income of $0.70 Per Share and Net Asset Value of $21.21 Per Share Amends and Extends Existing Senior Secured Revolving Credit Facility; Upsizes Commitments to $200.0 Million from $115.0 Million, Reduces Interest Rate Margin to 2.50% from 2.80% Continued Share Repurchase Program: Total of 79,722 Shares for an Aggregate Cost of Approximately $1.6 Million Repurchased During the Second Quarter; Accretive to NAV by $0.03 Per Share Announces Third Quarter 2024 Quarterly Distribution of $0.69 Per Share NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 HighlightsTotal investment income for the second quarter of 2024 was $16.3 million,...

Open Lending Reports Second Quarter 2024 Financial Results

Written by Customer Service on August 8, 2024. Posted in Earnings Releases And Operating Results.

AUSTIN, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) — Open Lending Corporation (Nasdaq: LPRO) (the “Company” or “Open Lending”), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today reported financial results for its second quarter of 2024. “For the second quarter of 2024 we were near or above the high end of our guidance range across certified loans, revenue, and Adjusted EBITDA, excluding a negative change in estimate associated with our profit share,” said Chuck Jehl, Chief Financial Officer and Interim Chief Executive Officer of Open Lending. “While the automotive lending environment continues to face challenges, I am encouraged by the early signs of improvement in market conditions and remain confident in the long-term opportunities ahead of us. ” Three Months Ended June 30,...

Nokia Corporation: Repurchase of own shares on 08.08.2024

Written by Customer Service on August 8, 2024. Posted in Public Companies.

Nokia CorporationStock Exchange Release08 August 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 08.08.2024 Espoo, Finland – On 08 August 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*XHEL 1,577,332 3.47CEUX 757,683 3.48BATE – –AQEU – –TQEX – –Total 2,335,015 3.48* Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program started on 20 March 2024. On 19 July 2024, Nokia decided to accelerate the share buybacks by increasing...

Tintina Announces Share Consolidation

Written by Customer Service on August 8, 2024. Posted in Public Companies.

TORONTO, Aug. 08, 2024 (GLOBE NEWSWIRE) — Tintina Mines Limited (“Tintina” or the “Company”) (TSXV:TTS) is pleased to announce that the board of directors passed a resolution to proceed with a consolidation of common shares of the Company on the basis of two (2) pre-consolidated shares for one (1) post consolidated share (the “Consolidation”). The Consolidation was approved by the Company’s shareholders at the Annual and Special Meeting held on June 26, 2024. Currently, a total of 45,904,932 common shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of approximately 22,952,841 common shares will be issued and outstanding. The effective date of the Consolidation will be August 13, 2024 and it is anticipated that the common shares of the Company, which are currently halted, will resume...

Baltic Horizon Fund consolidated unaudited results for H1 2024

Written by Customer Service on August 8, 2024. Posted in Earnings Releases And Operating Results.

Management Board of Northern Horizon Capital AS has approved the unaudited financial results of Baltic Horizon Fund (the Fund) for the six months of 2024. Our strategic ambitionsOver the past year, our focus has been on reshaping our strategy to foster sustainable value, concentrating efforts on avenues that promise reliable and consistent growth for our investors. In light of prevailing market conditions, we believe that the execution of the ‘Modern City Life’ strategy, is paramount to their best interests. While market conditions have been challenging over the last couple of years, we do expect a gradual recovery in 2025 and in the subsequent years. In the coming years, we expect two thirds of the Fund’s NOI to come from centrally located multi-functional assets aligned with our ‘Modern City Life’ strategy. These spaces are meticulously...

Month: August 2024

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