Month: August 2024

DALLAS, Aug. 20, 2024 (GLOBE NEWSWIRE) — DZS (OTC: DZSI), a developer of Network Edge, Connectivity and Cloud Software solutions enabling gigabit broadband everywhere, today announced that it has filed its Q1 2024 financial results. “As previously disclosed, we completed the restatements with respect to 2022 and the first quarter of 2023, as well as the reports for the remaining periods in 2023 and now completed the delayed filing for Q1 2024,” said Charlie Vogt, President and CEO, DZS. “Our priority throughout this process has been thoroughness and accuracy.” Vogt added, “During the first six months of 2024, we divested our low margin Asia business, acquired NetComm’s fixed wireless, fiber extension, IoT and broadband connectivity business and raised approximately $40 million. On August 13, 2024, we filed our 2022 and 2023 GAAP...

Continued progress in Phase 1/2a dose escalation for LAVA-1207, including the monotherapy arm, now enrolling in dose level 12, and the pembrolizumab combination Favorable safety profile for LAVA-1207 Next data update for LAVA-1207 program expected in Q4 2024 Strong balance sheet with cash of $86.8 million supports runway into mid-2026UTRECHT, The Netherlands and PHILADELPHIA, Aug. 20, 2024 (GLOBE NEWSWIRE) — LAVA Therapeutics N.V. (NASDAQ: LVTX, “LAVA,” “the Company”), a clinical-stage immuno-oncology company focused on developing its proprietary Gammabody® platform of bispecific gamma delta T cell engagers, today announced financial results for the second quarter ended June 30, 2024 and provided an update on recent corporate highlights. “LAVA has continued to make progress in the Phase 1/2a study for LAVA-1207, our lead Gammabody®...

Operating Income for the Second Quarter Increased by 8.4% Year Over Year to a Second Quarter Record Breaking $65 million. Net Income Attributable to Formula Systems Shareholders for the Second Quarter Increased by 10.7% Year Over Year to a Second Quarter Record-Braking $18.8 million. OR YEHUDA, Israel, Aug. 20, 2024 (GLOBE NEWSWIRE) — Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, today announced its results for the second quarter and first half period ended June 30, 2024. Financial Highlights for the Second Quarter Ended June 30, 2024Revenues for the second quarter ended June 30,...

BEIJING, Aug. 20, 2024 (GLOBE NEWSWIRE) — Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, “We are pleased to record another strong quarter with advances in revenue expansion, margin improvements and operating cash net inflow. Our high-quality and sustainable development strategy continued to bear fruits. During the past quarter, embracing AI opportunities, we have recorded AI revenue of RMB326 million, approximately 26% of revenues from public cloud services, doubling from 13% last quarter. We have also been enhancing our AI capabilities, successfully deploying AI solutions...

Revenue:$342.2 million for Q2 2024 $660.7 million for H1 2024Net Income:$101.5 million for Q2 2024 $174.8 million for H1 2024Earnings per common unit:$3.30 for Q2 2024 $5.68 for H1 2024Net cash from operating activities:$131.5 million for Q2 2024 $225.9 million for H1 2024EBITDA:$197.0 million for Q2 2024 $363.2 million for H1 2024Returning capital to unitholders:197,148 common units repurchased through August 12, 2024 for $9.7 million $0.05 per unit cash distribution for Q2 2024; $0.20 per unit annualizedSales and purchases in Q2 – Q3 2024 QTD:$501.1 million acquisitions of seven vessels $64.6 million gross sale proceeds from sale of three vessels Four newbuilding vessels delivered$3.7 billion contracted revenue as of August 2024 Renewal of the management and administrative services agreementsMONACO,...

SINGAPORE, Aug. 20, 2024 (GLOBE NEWSWIRE) — BitFuFu Inc., (NASDAQ: FUFU) (“BitFuFu” or the “Company”) a fast-growing digital asset mining service and world-leading cloud-mining service provider, today reported its unaudited financial and operational results for the quarter ended June 30, 2024. Second Quarter 2024 Operational HighlightsHosting capacity of 522 MW diversified across 25 sites on three continents, compared with 374 MW across 17 sites on three continents during the same period of 2023. Total mining capacity under management increased 62.5% to 24.7 EH/s, compared to 15.2 EH/S during the same period of 2023. Cloud-mining registered users increased 86.8% to 395,056 as of June 30, 2024, compared to 211,502 as of June 30, 2023. Bitcoin (“BTC”) production from self-mining operations decreased 23.1% to 780 BTCs from 1,014...

A total of 10,286 hotels or 1,001,865 hotel rooms in operation as of June 30, 2024. Hotel turnover1 increased 15.5% year-over-year to RMB23.4 billion in the second quarter of 2024. Excluding Steigenberger Hotels GmbH and its subsidiaries (“DH”, or “Legacy-DH”), hotel turnover from the Legacy-Huazhu segment increased 16.2% year-over-year in the second quarter of 2024; and hotel turnover from the Legacy-DH segment increased 7.8% year-over-year in the second quarter of 2024. Revenue increased 11.2% year-over-year to RMB6.1 billion (US$846 million)2 in the second quarter of 2024, at the high end of the previously announced 7% to 11% revenue increase guidance as compared to the second quarter of 2023. Revenue from the Legacy-Huazhu segment in the second quarter of 2024 increased 11.1% year-over-year, also at the high end of the previously...

Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB37.33 billion (US$5.14 billion) as of June 30, 2024 Quarterly total revenues were RMB8.11 billion, a 60.2% increase over the same period of 2023 Quarterly gross margin was 14.0%, an increase of 17.9 percentage points over the same period of 2023GUANGZHOU, China, Aug. 20, 2024 (GLOBE NEWSWIRE) — XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its unaudited financial results for the three months ended June 30, 2024. Operational and Financial Highlights for the Three Months Ended June 30, 2024  2024Q2 2024Q1 2023Q4 2023Q3 2023Q2 2023Q1Total deliveries 30,207 21,821 60,158 40,008 23,205 18,230             Total deliveries of vehicles...

HONG KONG, Aug. 20, 2024 (GLOBE NEWSWIRE) — Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Operational HighlightsTotal number of paying clients1 increased 28.8% year-over-year to 2,042,313 as of June 30, 2024. Total number of registered clients2 increased 19.1% year-over-year to 4,045,703 as of June 30, 2024. Total number of users3 increased 13.3% year-over-year to 23.3 million as of June 30, 2024. Total client assets increased 24.3% year-over-year to HK$579.3 billion as of June 30, 2024. Daily average client assets were HK$560.0 billion in the second quarter of 2024, an increase of 24.4% from the same period in 2023. Total trading...