Day: November 12, 2024

Finning reports Q3 2024 results

Written by Customer Service on November 12, 2024. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, Nov. 12, 2024 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning”, the “Company”, “we”, “our” or “us”) reported third quarter 2024 results today. All monetary amounts are in Canadian dollars unless otherwise stated. HIGHLIGHTSAll comparisons are to Q3 2023 results unless indicated otherwise. Q3 2024 free cash flow (3) of $346 million, up from Q3 2023 driven by invested capital velocity improvement. In the last twelve months, we have generated cumulative free cash flow of $746 million. Q3 2024 revenue of $2.8 billion and net revenue (2) of $2.5 billion were up 5% and 4%, respectively. New equipment revenue was up 7% and product support revenue was up 2%. Q3 2024 EBIT (1) was $170 million and EBIT as a percentage of net revenue (2) was 6.7%. Excluding an estimated loss for receivables...

Matterport Announces Record Third Quarter 2024 Financial Results

Written by Customer Service on November 12, 2024. Posted in Earnings Releases And Operating Results.

Record total revenue of $43.8 million, up 8% year-over-year Q3 annualized recurring revenue crosses $100 million milestone, up 11% year-over-year Net loss improved 14% year-over-year; Non-GAAP net loss improved 80% year-over-year Total subscribers grew to 1.1 million, up 25% year-over-year Square feet under management reached 47.3 billion, up 34% from prior year SUNNYVALE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) — Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended September 30, 2024. “I’m pleased to share our third-quarter 2024 results, highlighting our continued success driving efficient growth,” said RJ Pittman, Chairman and CEO of Matterport. “Total square feet...

Westport Reports Third Quarter 2024 Financial Results

Written by Customer Service on November 12, 2024. Posted in Earnings Releases And Operating Results.

Transition of Heavy-Duty OEM assets into Cespira, where they generated revenue of $16.2 million outweighs quarter-over-quarter revenue decline of $11.2 million VANCOUVER, British Columbia, Nov. 12, 2024 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport“) (TSX:WPRT / Nasdaq:WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, reported financial results for the third quarter ended September 30, 2024, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. “Westport delivered solid results in the third quarter of 2024. Although revenue was down, this decrease was more than outweighed by the revenue earned at Cespira and we delivered significant improvement in Adjusted EBITDA. We continue to execute against our three...

Checkpoint Therapeutics Reports Third Quarter 2024 Financial Results and Recent Corporate Updates

Written by Customer Service on November 12, 2024. Posted in Earnings Releases And Operating Results.

Biologics License Application for cosibelimab under review by U.S. FDA PDUFA goal date of December 28, 2024 WALTHAM, Mass., Nov. 12, 2024 (GLOBE NEWSWIRE) — Checkpoint Therapeutics, Inc. (“Checkpoint”) (Nasdaq: CKPT), a clinical-stage immunotherapy and targeted oncology company, today announced financial results for the third quarter ended September 30, 2024, and recent corporate updates. “With the Prescription Drug User Fee Act (“PDUFA”) goal date set for next month, we await the decision by the U.S. Food and Drug Administration (“FDA”) on our Biologics License Application (“BLA”) resubmission for cosibelimab, our anti-programmed death ligand-1 (“PD-L1”) antibody,” said James Oliviero, President and Chief Executive Officer of Checkpoint. “The $9.2 million in cash proceeds received this month from the exercise of existing warrants...

Montauk Renewables Announces Third Quarter 2024 Results

Written by Customer Service on November 12, 2024. Posted in Earnings Releases And Operating Results.

PITTSBURGH, Nov. 12, 2024 (GLOBE NEWSWIRE) — Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas (“RNG”), today announced financial results for the third quarter ended September 30, 2024. Third Quarter Financial Highlights: RINs Sold of 15.8 million, increased 14.5% compared to the third quarter of 2023 Revenues of $65.9 million, increased 18.4% compared to the third quarter of 2023 Net Income of $17.0 million, increased 31.8% compared to the third quarter of 2023 Non-GAAP Adjusted EBITDA of $29.4 million, increased 31.3% compared to the third quarter of 2023 RNG production of 1.4 million MMBtu, flat compared to the third quarter of 2023 Our production was significantly impacted by...

DallasNews Corporation Announces Third Quarter 2024 Financial Results

Written by Customer Service on November 12, 2024. Posted in Earnings Releases And Operating Results.

DALLAS, Nov. 12, 2024 (GLOBE NEWSWIRE) — DallasNews Corporation (Nasdaq: DALN) (the “Company”) today reported a third quarter 2024 net loss of $3.9 million, or $(0.73) per share, and an operating loss of $4.1 million. In the third quarter of 2023, the Company reported a net loss of $1.4 million, or $(0.26) per share, and an operating loss of $1.6 million. The third quarter 2024 net loss includes severance expense of $3.0 million, primarily due to the Company’s anticipated headcount reductions related to the previously announced transition to a smaller printing facility. For the third quarter of 2024, on a non-GAAP basis, DallasNews reported operating loss adjusted for certain items (“adjusted operating loss”) of $0.7 million, an improvement of $0.2 million or 18.5 percent when compared to an adjusted operating loss of $0.9 million...

Martinrea International Inc. Reports Solid Third Quarter Results and Declares Dividend

Written by Customer Service on November 12, 2024. Posted in Public Companies.

TORONTO, Nov. 12, 2024 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the third quarter ended September 30, 2024, and declared a quarterly cash dividend of $0.05 per share. HIGHLIGHTS Third quarter total sales of $1,237.5 million, production sales of $1,167.3 million. Third quarter Adjusted EBITDA(1) of $154.1 million, 12.5% of total sales. Third quarter Operating Income Margin of 5.3%; Adjusted Operating Income Margin(1) was 5.9% for the nine months ended September 30, 2024. Third quarter Free Cash Flow(1) (excluding principal payments of IFRS-16 lease liabilities) was $57.0 million;...

Astrotech Reports First Quarter of Fiscal Year 2025 Financial Results

Written by Customer Service on November 12, 2024. Posted in Earnings Releases And Operating Results.

AUSTIN, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) — Astrotech Corporation (Nasdaq: ASTC) (the “Company” or “Astrotech”) reported its financial results for the first quarter of fiscal year 2025, which ended September 30, 2024. Financial Highlights & Recent Developments Operating expenses increased $119 thousand or 3.3% as the Company increased its participation in trade events in the U.S. featuring its array of industry-specific solutions offered by its subsidiaries: 1st Detect Corporation (“1st Detect”), AgLab Inc., and Pro-Control, Inc. 1st Detect, which is focused on explosives and narcotics detection, continues to work with several departments within the Department of Homeland Security (“DHS”) to demonstrate and work through their processes for certification, qualification and visibility, including but not limited to the...

CMG Announces the Acquisition of Sharp Reflections GmbH

Written by Customer Service on November 12, 2024. Posted in Public Companies.

Significantly expanding seismic processing and interpretation capabilities with advanced solutions in prestack and 4D seismic analysis CALGARY, Alberta, Nov. 12, 2024 (GLOBE NEWSWIRE) — Computer Modelling Group Ltd. (“CMG” or the “Company”) (TSX: CMG) is pleased to announce the acquisition by a wholly-owned subsidiary of CMG of all of the shares of Sharp Reflections GmbH (“Sharp”), a seismic processing and interpretation platform for geophysicists and quantitative interpreters. Sharp has been a pioneer in leveraging high-performance computing in the cloud, setting a new standard on how to effectively handle massive prestack seismic datasets with advanced visualization, interactivity, and scientific analysis. The platform provides capabilities and workflows that help geophysicists and quantitative seismic interpreters work efficiently...

Computer Modelling Group Announces Second Quarter Results and Quarterly Dividend

Written by Customer Service on November 12, 2024. Posted in Public Companies.

CALGARY, Alberta, Nov. 12, 2024 (GLOBE NEWSWIRE) — Computer Modelling Group Ltd. (“CMG Group” or the “Company”) announces its financial results for the three and six months ended September 30, 2024, and the approval by its Board of Directors (the “Board”) of the payment of a cash dividend of $0.05 per Common Share for the second quarter ended September 30, 2024. SECOND QUARTER 2025 CONSOLIDATED HIGHLIGHTS Select financial highlights for the three months ended September 30, 2024 Closed the Company’s second major acquisition, Sharp Reflections GmbH (“SR” or “Sharp”), on November 12, 2024; Generated total revenue of $29.5 million in the second quarter of fiscal 2025, compared to $22.6 million in the prior year’s quarter, reflecting a 1% increase in CMG’s revenue and a 29% contribution from BHV; Operating profit increased to $8.4...

Day: November 12, 2024

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