September 5, 2024 – Page 3

Connect Biopharma Reports First Half 2024 Financial Results and Provides Business Update

Written by Customer Service on September 5, 2024. Posted in Earnings Releases And Operating Results.

Announced new U.S.-based leadership with the appointment of Barry Quart, Pharm.D. as Chief Executive Officer (CEO) and David Szekeres as President Connect’s new management is currently evaluating the future clinical development strategy for rademikibart As part of Connect’s transformation into a U.S.-centric company, the Company will be significantly reducing its presence in China Cash and cash equivalents of $110.2 million expected to support planned operations into at least the first half of 2027 SAN DIEGO, CA, Sept. 05, 2024 (GLOBE NEWSWIRE) — Connect Biopharma Holdings Limited (Nasdaq: CNTB) (“Connect Biopharma,” “Connect” or the “Company”), a U.S.-headquartered global clinical-stage biopharmaceutical company dedicated to improving the lives of patients with inflammatory diseases, today reported financial results for the...

Lantronix Reports Record Revenue for Fourth Quarter and Full Fiscal 2024

Written by Customer Service on September 5, 2024. Posted in Earnings Releases And Operating Results.

Fourth Quarter Net Revenue of $49.1 Million, up 19 Percent Sequentially and up 41 Percent Year-Over-Year Fourth Quarter GAAP EPS of $0.01 vs. ($0.05) in the Prior Year, a $0.06 Improvement Fourth Quarter Non-GAAP EPS of $0.15 vs. $0.06 in the Prior Year, up 150 Percent Annual Net Revenue of $160.3 Million, up 22% From the Prior Year Annual GAAP EPS of ($0.12) vs. ($0.25) in the Prior Year, a $0.13 Improvement Annual Non-GAAP EPS of $0.40 vs. $0.23 in the Prior Year, up 74 Percent Cash Balance of $26.2 Million, up 95 Percent From the Prior Year IRVINE, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity IoT solutions, today reported results for its fourth quarter of fiscal 2024. Net revenue totaled $49.1 million, up 19 percent sequentially and up 41 percent year-over-year. GAAP...

eGain Announces Fourth Quarter and Fiscal Year 2024 Financial Results; AI Knowledge Fuels New Logo Momentum

Written by Customer Service on September 5, 2024. Posted in Earnings Releases And Operating Results.

SUNNYVALE, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) — eGain (Nasdaq: EGAN), an AI Knowledge platform for service, today announced financial results for its fiscal 2024 fourth quarter and full fiscal year ended June 30, 2024. “As businesses invest in Gen AI at scale, our AI Knowledge Hub helps deliver trusted answers for customer service, reducing cost and improving experience,” said Ashu Roy, eGain’s CEO. “As a result, new logo wins and RFPs for AI Knowledge were up 50 percent in fiscal 2024, and we are investing into this growing market opportunity for AI Knowledge.” Fiscal 2024 Fourth Quarter Financial Highlights Total revenue was $22.5 million, down 9% year over year. GAAP net income was $1.5 million, or $0.05 per share on a basic and diluted basis, compared to a GAAP net income of $2.6 million, or $0.08 per share on a basic...

Zumiez Inc. Announces Fiscal 2024 Second Quarter Results

Written by Customer Service on September 5, 2024. Posted in Earnings Releases And Operating Results.

Second Quarter Comparable Sales Increased 3.6%Second Quarter Gross Margin increased 250 basis points to 34.2%Second Quarter Loss Per share improved to ($0.04) from ($0.44) Third Quarter-to-date Comparable Sales up 12.1% LYNNWOOD, Wash., Sept. 05, 2024 (GLOBE NEWSWIRE) — Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today reported results for the second quarter ended August 3, 2024. Net sales for the second quarter ended August 3, 2024 (13 weeks) increased 8.1% to $210.2 million from $194.4 million in the second quarter ended July 29, 2023 (13 weeks). Comparable sales for the thirteen weeks ended August 3, 2024 increased 3.6%. The shift in the retail calendar had a positive impact on the second quarter results, increasing net sales growth by approximately...

Rent the Runway, Inc. Announces Second Quarter 2024 Results

Written by Customer Service on September 5, 2024. Posted in Earnings Releases And Operating Results.

Exceeded Revenue and Adjusted EBITDA Guidance for Q2 2024. Continued Improvement in Business Momentum in Q2 2024. Record Low Cash Consumption in 1H 2024. Raised FY24 Revenue Guidance Underscores Confidence in Business Trajectory. Reiterates Expectation for Free Cash Flow Breakeven in FY 2024. NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) — Rent the Runway, Inc. (“Rent the Runway” or “RTR”) (NASDAQ: RENT), transforming the way women get dressed by pioneering the world’s first Closet in the Cloud, today reported financial results for the fiscal quarter ended July 31, 2024. Fiscal Second Quarter and Recent Business Highlights Improved free cash flow consumption of $6M for the six months ending July 31, 2024, which is $24M lower than the six months ending July 31, 2023 and $48M lower than the six months ending July 31, 2022....

Wytec International, Inc. Announces Private Offering in Preparation for Completing Its Patented Gunshot/Sensor Detection Technology While Uplisting to the Nasdaq Capital Market Under Ticker “WYTC”

Written by Customer Service on September 5, 2024. Posted in Public Companies.

Wytec “Preventing the Unthinkable” SAN ANTONIO, TX, Sept. 05, 2024 (GLOBE NEWSWIRE) — Wytec International, Inc. (OTCQB: WYTC), an Artificial Intelligence (AI) 5G company, announced today the commencement of its SEC 506(c) 9.5% $10,000,000 Convertible Secured Note Offering (Secured by its Patents), utilized to complete the funding of its AI Gunshot/Sensor technology in support of protecting America’s children from increased shooter violence and detecting harmful drugs infiltrating U.S. Independent School Districts (ISDs) across America and Internationally. The AI/Sensor technology includes the engagement of multiple national and international vendors participating in the Company’s Pilot Project in support of 40 Texas ISDs requesting to participate in Wytec’s pilot program. “The Company’s initial lab results (over...

Atlantic International Corp. Expands Footprint with New Temple, TX Location

Written by Customer Service on September 5, 2024. Posted in Public Companies.

ENGLEWOOD CLIFFS, N.J., Sept. 05, 2024 (GLOBE NEWSWIRE) — Atlantic International Corp. (“Atlantic”) (OTC: ATLN), a leading provider of strategic staffing outsourced services and workforce solutions, today announced a new location in Temple, TX for its subsidiary Lyneer Staffing Solutions, marking a significant milestone in the company’s strategic expansion. This latest addition to Lyneer’s network will support a leading industrial automation company. It underscores Lyneer’s commitment to forging partnerships with key industry players and reinforcing its dedication to providing cutting-edge workforce solutions that optimize productivity and fuel client growth. Lyneer Staffing Solutions’ CEO, Todd McNulty, commented on the expansion: “Our new Temple, TX location represents a pivotal step in strengthening our regional...

iLearningEngines Announces Further Response to Short Report

Written by Customer Service on September 5, 2024. Posted in Public Companies.

BETHESDA, Md., Sept. 05, 2024 (GLOBE NEWSWIRE) — iLearningEngines, Inc. (NASDAQ: AILE) (“iLearningEngines” or “ILE”) a leader in AI-powered learning and work automation for enterprises, today announced that the Company’s Board of Directors has formed a Special Committee consisting of independent directors to investigate allegations raised recently by a short-seller report. The Special Committee has engaged legal counsel from Paul Hastings LLP to conduct an independent investigation at the behest and exclusive direction of the Special Committee. Although the Company’s independent auditors conduct periodic audits in accordance with PCAOB standards and have issued clean audit opinions with respect to their past audits, the Special Committee believes that conducting its own independent investigation into these issues is in the best...

Integrated Power Services Acquires B&B Transformer

Written by Customer Service on September 5, 2024. Posted in Mergers And Acquisitions.

Oil-filled, Distribution Class Transformer Expertise & Voltage Regulator Repair Services Added to IPS’s Growing Power Management Business B&B Transformer was acquired by Integrated Power Services (IPS), effective August 13, 2024. The new B&B Transformer logo now includes the phrase, “AN IPS COMPANY.” Greenville, SC, Sept. 05, 2024 (GLOBE NEWSWIRE) — Integrated Power Services (IPS), a leading solutions provider for electromechanical, rotating equipment, and power distribution systems across North America, the United Kingdom, and the Caribbean, is pleased to announce the acquisition of B&B Transformer, a well-established remanufacturer of oil-filled, distribution class transformers, located in Farmington, MN, effective August 13, 2024. “This strategic acquisition strengthens IPS’s power...

Berlin Packaging expands to Japan with the acquisition of Nissho Jitsugyo

Written by Customer Service on September 5, 2024. Posted in Mergers And Acquisitions.

Acquisition expands the company’s local footprint in Asia-Pacific and offers exciting new packaging solutions to customers worldwide CHICAGO, Sept. 05, 2024 (GLOBE NEWSWIRE) — Berlin Packaging, the world’s largest Hybrid Packaging Supplier®, announced today the acquisition of Nissho Jitsugyo Co., Ltd. (“Nissho”), a leading supplier of packaging products and services to diverse markets and regions across Japan. Founded in 1965 in Osaka, Japan, Nissho offers a broad portfolio of packaging solutions to a diverse base of Japanese customers in local food & beverage, beauty, personal care, and healthcare markets. Built on 60 years of operational expertise and deep market knowledge, Nissho serves thousands of local customers from multiple locations across eastern, western, and southern Japan. Nissho’s impressive suite...

Day: September 5, 2024

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