Day: November 6, 2024

Adjusted EBITDA loss of $22 million and Net Loss of $106 million BURNABY, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) — INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) recorded a Net loss in Q3’24 of $105.7 million, or $2.05 per share, compared to a Net loss of $75.8 million, or $1.47 per share in Q2’24 and a Net loss of $42.4 million, or $0.82 per share in Q3’23.   Adjusted EBITDA was a loss of $22.0 million on sales of $692.7 million in Q3’24 versus a loss of $16.7 million on sales of $771.2 million in Q2’24 and Adjusted EBITDA of $31.9 million on sales of $828.1 million in Q3’23. Notable items:Production Curtailments to Reflect Ongoing Weak Lumber MarketIn Q3’24, lumber production totalled 904 million board feet, representing a 130 million board foot decrease over the prior quarter. This decrease reflects...

Company announced completed Phase 1 enrollment for SAB-142 with no observation of serum sickness. The company remains on track for a topline Phase 1 data readout by the end of the year. MIAMI, Nov. 06, 2024 (GLOBE NEWSWIRE) — SAB BIO (Nasdaq: SABS), (“SAB” or the “Company”), a clinical-stage biopharmaceutical company with a novel immunotherapy platform that is developing human anti-thymocyte immunoglobulin (hIgG) for delaying the onset or progression of type 1 diabetes (T1D), today reported financial results for the second quarter ended September 30, 2024, and provided a company update. “This quarter we were pleased to report completed enrollment of SAB-142 Phase 1 study with no observed serum sickness,” notes SAB chairman and CEO Samuel J. Reich. “This year we have advanced our SAB-142 Type 1 diabetes program from preclinical...

LAVAL, Québec, Nov. 06, 2024 (GLOBE NEWSWIRE) — Savaria Corporation (“Savaria”) (TSX: SIS), one of the global leaders in the accessibility industry, is pleased to announce its results for the third quarter of 2024. Highlights – Q3 2024 compared to Q3 2023Revenue was $213.6M, compared to $210.1M in 2023, an increase of 1.7% mainly due to organic growth of 0.2% and a positive foreign exchange impact of 1.7%, partially offset by the divestitures of Van-Action and Freedom Motors.Accessibility organic growth stood at 0.6%, including growth of 8.0% coming from North America, mostly offset by a contraction of 6.6% from Europe. Patient Care organic revenue contracted by 1.1%.Gross profit was $79.1M, up $6.6M or 9.0%, representing 37.0% of revenue, an increase of 250 bps compared to 34.5% in Q3 2023. Operating income was $22.0M,...

CALGARY, Alberta, Nov. 06, 2024 (GLOBE NEWSWIRE) — DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”, “we”, “our”, “us” or “ours”) (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, today announced its financial results for the three and nine months ended September 30, 2024. All financial information in this news release is presented in U.S. dollars, unless otherwise stated. Third Quarter 2024 HighlightsRevenue of $43.4 million in the third quarter of 2024, a decrease of 12% from the prior year period. Gross profit increased to 38.8% of revenue in the third quarter of 2024 from 34.4% of revenue in the third quarter of 2023. Net income after tax and net income margin for the third quarter of 2024 of $7.1 million and 16.3%, respectively, compared to a net loss after tax of $6.3 million and net loss margin...

Third-quarter Revenue and Gross Profit Growth Accelerate to 52% and 78% Respectively LIMERICK, Ireland, Nov. 06, 2024 (GLOBE NEWSWIRE) — kneat.com, inc. (TSX: KSI, OTC: KSIOF) (“Kneat” or the “Company”), a leader in digitizing and automating validation and quality processes, today announced financial results for the three-month period ended September 30, 2024. All dollar amounts are presented in Canadian dollars unless otherwise stated.Third-quarter 2024 total revenue reaches $12.8 million, an increase of 52% year over year Annual Recurring Revenue (ARR)1 at September 30, 2024 grows 59% year over year, to $49.9 million Third-quarter gross profit reaches $9.8 million, an increase of 78% year over year“Our team continues to deliver standout results. We launched the latest version of Kneat Gx and welcomed new strategic customers...

All figures in $USD unless otherwise noted. TORONTO, Nov. 06, 2024 (GLOBE NEWSWIRE) — Firm Capital Apartment Real Estate Investment Trust (“the “Trust”), (TSXV: FCA.U), (TSXV: FCA.UN) is pleased to report its financial results for the three and nine months ended September 30, 2024, provide a Strategic Review update and senior management change: STRATEGIC REVIEW UPDATE Given the progress the Trust has made on dispositions and debt repayment to date, the Trust is in a positive cash flow position and is expected to continue to be so based on senior management’s forecasts. Since the commencement of the Strategic Review, the Trust has: (i) disposed of $71.6 million of wholly owned real estate; (ii) $60.7 million of debt repayment; (iii) completed the sale of one of its joint venture properties for $15.9 million (100% of the property);...

NORWOOD, Mass., Nov. 06, 2024 (GLOBE NEWSWIRE) — MariMed Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, today announced its financial results for the third quarter ended September 30, 2024. “We reported year-over-year and sequential revenue growth, sequential EBITDA and Net Income improvement, and we continue to generate positive operating cash flow,” said Jon Levine, Chief Executive Officer. “Our wholesale business continues to outpace the industry with another quarter of at least 20% year-over-year growth. Despite continued pressure on U.S. consumers, our retail business transactions grew year-over-year, driven by both same-store sales growth and the new dispensaries opened in the past 12 months. Our heavy investment phase is complete,...

Maintaining Adj. EBITDA guidance of $150-170 millionRecorded improved adjusted EBITDA of $60 million for the third quarter of 2024 Positive net cash position of $32 million and adjusted gross debt of $89 million U.S. Department of Commerce announced duties on Russian, Brazilian, Kazakhstan and Malaysian FeSi imports Paid quarterly cash dividend of $0.013 per share in September; next dividend of $0.013 per share on December 27 Repurchased shares during the third quarter and implemented a 10b5-1 plan Preparing to issue ESG report highlighting the company’s 2030 decarbonization targets and other milestonesLONDON, Nov. 06, 2024 (GLOBE NEWSWIRE) — Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe”, the “Company”, or the “Parent”), a leading producer globally of silicon metal, silicon-based and manganese-based specialty alloys, today announces...

Except where otherwise noted, all currency amounts are stated in United States dollars. Financial and Production HighlightsNet income attributable to Methanex shareholders of $31 million and Adjusted EBITDA of $216 million in the third quarter. Our average realized price in the third quarter was $356 per tonne compared to $352 per tonne in the second quarter of 2024. Announced the signing of a definitive agreement to acquire OCI Global’s international methanol business for approximately $2.05 billion, including OCI’s interest in two world class methanol facilities in Beaumont, Texas. The transaction is expected to close in the first half of 2025. Geismar 3 (“G3”) produced first methanol in July 2024 and has since passed its commercial and technical performance tests. During the third quarter, as the plant was being...