Day: November 7, 2024

Atlanticus Reports Third Quarter 2024 Financial Results

Written by Customer Service on November 7, 2024. Posted in Earnings Releases And Operating Results.

Third Quarter 2024 Total operating revenue growth of 19.0% over prior year, with 3.7 million accounts served (1) ATLANTA, Nov. 07, 2024 (GLOBE NEWSWIRE) — Atlanticus Holdings Corporation (NASDAQ: ATLC) (Atlanticus, the Company, we, our or us), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced its financial results for the third quarter ended September 30, 2024. An accompanying earnings presentation is available in the Investors section of the Company’s website at www.atlanticus.com or by clicking here. Financial and Operating Highlights Third Quarter 2024 Highlights (all comparisons to the Third Quarter 2023)Managed receivables2 increased 14.6% to $2.7 billion Total operating revenue increased 19.0%...

South Bow Declares Inaugural Dividend of U.S.$0.50 per Share

Written by Customer Service on November 7, 2024. Posted in Dividend Reports And Estimates.

CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) — South Bow Corp. (TSX & NYSE: SOBO) (South Bow) announces that its board of directors has declared South Bow’s inaugural quarterly dividend of U.S.$0.50 per share, payable on Jan. 31, 2025 to shareholders of record at the close of business on Dec. 31, 2024. The dividends will be designated as eligible dividends for Canadian income tax purposes. Forward-looking information and statements This news release contains certain forward-looking statements and forward-looking information (collectively, forward-looking statements), including forward-looking statements within the meaning of the “safe harbor” provisions of applicable securities legislation, that are based on South Bow’s current expectations, estimates, projections, and assumptions in light of its experience...

Optiva Inc. Reports Third Quarter 2024 Financial Results

Written by Customer Service on November 7, 2024. Posted in Earnings Releases And Operating Results.

All amounts are stated in United States dollars unless otherwise indicatedRevenue of $12.0 million Total Contract Value (“TCV”)(1) bookings of $8.8 million Gross margin of 58% Adjusted EBITDA(1) loss of $0.6 million EPS loss of $ 0.54 $12.8 million of cashTORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) — Optiva Inc. (“Optiva” or “the Company”) (TSX:OPT), a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds, today released its third quarter financial results for the three-month period ended September 30, 2024. During the quarter, Optiva was selected by two new customers, totaling four new customers year to date. Additionally, a current customer selected Optiva to upgrade and migrate Optiva Charging Engine to its private cloud. Optiva successfully achieved...

Melcor Developments announces third quarter results, declares quarterly dividend of $0.11 per share

Written by Customer Service on November 7, 2024. Posted in Earnings Releases And Operating Results.

EDMONTON, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (“Melcor”) (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the third quarter ended September 30, 2024. The third quarter Management Discussion & Analysis (MD&A) and Condensed Interim Financial Statements are available on our website (www.melcor.ca) under Investors, or on SEDAR+ (www.sedarplus.ca). Timothy Melton, Melcor’s Executive Chair and Chief Executive Officer, commented: “Melcor is pleased to report results for the third quarter of 2024. Revenue was $59.51 million, down from $88.78 million in Q3-2023, and year-to-date revenues reached $178.96 million compared to $190.11 million in 2023. The revenue decline is primarily due to a reduction in US sales over the...

Mexco Energy Corporation Reports Financial Results for first Six Months

Written by Customer Service on November 7, 2024. Posted in Earnings Releases And Operating Results.

MIDLAND, TX, Nov. 07, 2024 (GLOBE NEWSWIRE) — Mexco Energy Corporation (NYSE American: MXC) today reported net income of $608,237, or $0.29 per diluted share, for the six months ending September 30, 2024. Operating revenues in the first six months of fiscal 2025 were $3,477,062, an increase of 10% when compared to the first six months of fiscal 2024. This increase was primarily due to an increase in oil and natural gas production volumes and an increase in average oil prices partially offset by a decrease in average natural gas prices. Oil contributed 87% of our operating revenues for the first six months of fiscal 2025. Net income of $317,198, or $0.15 per diluted share, for the Company’s second quarter of fiscal 2025 compared with $269,433, or $0.12 per diluted share for the comparable quarter ending September 30, 2023. Operating...

Nvni Group Limited Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency

Written by Customer Service on November 7, 2024. Posted in Public Companies.

NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) — Nvni Group Limited (Nasdaq: NVNI) (“Nuvini”) received a notification letter on November 1, 2024, from Nasdaq’s Listing Qualifications Department, indicating the Company’s minimum bid price per share had been below $1.00 for 30 consecutive business days, failing to meet Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). The notification has no immediate effect on the Company’s Nasdaq listing, and shares continue to trade under “NVNI”. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has until April 30, 2025, to regain compliance by achieving a $1.00 closing bid price for 10 consecutive business days. If compliance is not regained by April 30, 2025, the Company may qualify for an additional 180-day grace period by meeting market value and other initial listing standards,...

GRILLiT to Rebrand as Primior Holdings Following $30M Merger

Written by Customer Service on November 7, 2024. Posted in Mergers And Acquisitions.

GRILLiT rebrands as Primior Holdings, launches with a $30M boost targeting strategic real estate investments. Irvine, CA, Nov. 07, 2024 (GLOBE NEWSWIRE) — Irvine, CA – Primior Holdings (GRLT) (formerly GRILLiT Inc.) is pleased to announce the successful completion of its $30 million merger with Primior Inc., a leading real estate development and advisory firm. As part of this strategic realignment, GRILLiT will rebrand as Primior Holdings Inc., signaling its shift toward a broader focus on real estate investment, emerging technologies, and diversified holdings.GRILLiT to rebrand as Primior Holdings The merger brings Primior Inc.’s extensive real estate expertise to Primior Holdings Inc. (formerly GRILLiT Inc.), positioning the company to accelerate growth in key sectors. With a proven track record in developing over $3 billion...

Valley National Bancorp Announces Proposed Common Stock Offering

Written by Customer Service on November 7, 2024. Posted in Public Companies.

NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) — Valley National Bancorp (“Valley”) (NASDAQ: VLY), the holding company for Valley National Bank, today announced a proposed public offering of shares of its common stock, no par value (the “Common Stock”). In addition, Valley expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of its Common Stock sold in this offering at the public offering price, less underwriting discounts and commissions. Valley expects to use the net proceeds from this offering for general corporate purposes and investments in Valley National Bank as regulatory capital. J.P. Morgan is acting as sole book-running manager for the offering. Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Valley. The Common Stock will be issued pursuant to an effective...

Guardian Capital Group Limited (TSX: GCG; GCG.A) Announces 2024 Third Quarter Operating Results

Written by Customer Service on November 7, 2024. Posted in Earnings Releases And Operating Results.

TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) — All per share figures disclosed below are stated on a diluted basis. For the periods ended September 30, Three months Nine months ($ in thousands, except per share amounts) 2024 2023 2024 2023 Net revenue $ 98,128 $ 62,611 $ 224,789 $ 178,937Operating earnings 3,594 18,474 30,245 46,752Net gains (losses) 39,999 (17,358) 13,575 (2,960)Net earnings (loss) from continuing operations 39,069 (2,270) 37,780 34,514Net earnings (loss) from discontinued operations — — — 554,933Net earnings (loss) 39,069 (2,270) 37,780 589,447 EBITDA (1) $ 14,120 $ 24,611 $ 54,402 $ 65,181Adjusted cash flow from operations (1) 13,979 21,568 43,928 55,568 Attributable...

Stantec reports strong third quarter 2024 results, raises adjusted diluted EPS guidance and achieves record backlog of $7.3 billion

Written by Customer Service on November 7, 2024. Posted in Earnings Releases And Operating Results.

Q3 2024 HighlightsRecord net revenue of $1.5 billion, an increase of 15.8% compared to Q3 2023 Adjusted EBITDA1 increase of 13.8% to $274.6 million and adjusted EBITDA margin1 of 18.0% Adjusted diluted EPS1 of $1.30, up 14.0% compared to Q3 2023 Backlog of $7.3 billion, up 15.9% since December 31, 2023EDMONTON, Alberta and NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) — Stantec (TSX, NYSE:STN), a global leader in sustainable design and engineering, released its third quarter 2024 results today which are underpinned by continued strong demand and solid project execution. During the quarter, net revenue increased 15.8% year-over-year to $1.5 billion, primarily driven by 7.8% acquisition and 6.5% organic net revenue growth1. Organic growth was achieved in each of Stantec’s regional and business operating units, with the exception...

Day: November 7, 2024

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