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Day: November 14, 2024

Avenue Therapeutics Reports Third Quarter 2024 Financial Results and Recent Corporate Highlights

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

– Topline data in Phase 1b/2a clinical trial of AJ201 for spinal and bulbar muscular atrophy anticipated around year-end 2024 MIAMI, Nov. 14, 2024 (GLOBE NEWSWIRE) — Avenue Therapeutics, Inc. (Nasdaq: ATXI) (“Avenue” or the “Company”), a specialty pharmaceutical company focused on the development and commercialization of therapies for the treatment of neurologic diseases, today reported financial results and recent corporate highlights for the third quarter ended September 30, 2024. “We have generated considerable momentum this past quarter in advancing our pipeline of innovative treatments for neurologic diseases,” said Alexandra MacLean, M.D., Chief Executive Officer of Avenue. “AJ201 is a potential best-in-class asset that would bring a disease-modifying therapeutic option to patients with significant unmet medical need...

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VivoPower’s Caret Digital to develop up to 55MW of its solar farm portfolio for digital asset mining, including Dogecoin and Litecoin, with potential annual revenues of up to US$150m

Written by Customer Service on . Posted in Public Companies.

Spin-off of Caret Digital previously approved by shareholders and subsequently confirmed in December 2023 Caret Digital approached with proposal to mine Dogecoin and Litecoin on its assets, ahead of a potential definitive agreement to enter into reverse merge spin-off with a Canadian counterparty Economics of Dogecoin and Litecoin mining have improved markedly Dogecoin and Litecoin mining use case consistent with Caret Digital’s previously announced Power-to-X strategy LONDON, Nov. 14, 2024 (GLOBE NEWSWIRE) — VivoPower (“the Company”) announced today that its Board of Directors has approved an execution plan for its wholly owned subsidiary, Caret Digital, to develop up to 55MW of its solar farm asset portfolio for Dogecoin and Litecoin mining purposes. This follows a proposal from a Canadian group seeking to enter into a reverse...

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Tevogen Founder Reflects on Importance of Preserving Shareholder Value While Navigating Growth as it Prepares to File Quarterly Financials

Written by Customer Service on . Posted in Public Companies.

Key Takeaways:Since its founding in 2020, Tevogen Bio has developed a significant asset portfolio, and kept expenditures under $40 million, a fraction of the industry norm. Tevogen’s success would not be possible without its passionate team united by a common vision. Founders must navigate the need for capital to fuel growth with a vigilant eye on avoiding equity dilution. Our financing options must consider preserving shareholder value and the potential equity dilution of warrant conversion at a strike price of $11.50 per share.WARREN, N.J., Nov. 14, 2024 (GLOBE NEWSWIRE) — Tevogen Bio (“Tevogen” or “Tevogen Bio Holdings Inc.”) (Nasdaq: TVGN), a clinical-stage specialty immunotherapy biotech developing off-the-shelf, genetically unmodified T cell therapeutics to treat infectious disease and cancers, announced today that it...

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PrimeEnergy Resources Corporation (PNRG) Announces third Quarter Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) — PrimeEnergy Resources Corporation (NASDAQ: PNRG) announced today net income of $22,076,000 for the quarter, and $53,127,000 for the nine months, ended September 30, 2024. This represents $8.80 and $20.93 per share, on a fully diluted basis, for the three and nine months ended September 30, 2024. As of November 14, 2024, the total outstanding shares including outstanding options are 2,485,000. Oil and gas production volumes for the three months ended September 30, 2024 and 2023:                                 2024   2023   Increase   IncreaseOil production (barrels)   757,000       323,000       434,000       134.37 %Natural gas production (Mcf)   2,144,000       1,081,000       1,063,000       98.41 %Natural gas liquids production (barrels)   394,000       161,000       233,000       144.72 %                               Oil...

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CORRECTION – Elevai Labs Inc.

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

NEWPORT BEACH, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) — In a release earlier today by Elevai Labs Inc. (NASDAQ: ELAB), please note that in the headline and first paragraph, the financial results are from the company’s third fiscal quarter of 2024, not the second fiscal quarter as previously stated; as such, the header over the first bullet list should note the financial results as being from the three and nine months ended September 30, 2024, rather than the three and six months ended June 30, 2024 as previous stated. The corrected release follows: Elevai Labs Inc. Reports Financial Results for the Third Fiscal Quarter of 2024 and Provides Business UpdateAchieves Robust Financial Performance with 74% Gross Margin and Strategic Public Offering, Bolstering Resources for Continued Growth and Innovation. Elevai Enfinity™...

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60 Degrees Pharmaceuticals Announces Third Quarter 2024 Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Q3 2024 sales revenue increased 164% year-over-year to $135 thousand. Sequential (quarter-over-quarter) net product revenue growth of 8.3%. Gross profit increased from ($20 thousand) to $24 thousand.WASHINGTON, Nov. 14, 2024 (GLOBE NEWSWIRE) — 60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP; SXTPW) (the “Company”), a pharmaceutical company focused on developing new medicines for infectious diseases, reported today their financial results for the third fiscal quarter of the 2024 year, ended September 30, 2024. Financial Highlights for the Quarter Ended September 30, 2024:A 140% increase in ARAKODA® pharmacy deliveries from 550 boxes (Q3 2023) to 1,319 boxes (Q3 2024) generated 164% in sales revenues from $51 thousand for the third quarter of 2023 to approximately $135 thousand for the third quarter of 2024. The Company achieved...

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Move-in Ready Homes Now Available at Toll Brothers at Willow in Punta Gorda, Florida

Written by Customer Service on . Posted in Public Companies.

New luxury home community is offering move-in ready homes in highly sought-after master plan PUNTA GORDA, Fla., Nov. 14, 2024 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, is offering a limited number of move-in ready and quick move-in homes at its Toll Brothers at Willow community in Punta Gorda, Florida. This new construction community offers thoughtfully designed single-family homes in the amenity-rich Willow master plan. Toll Brothers at Willow features a selection of modern home designs ranging from 1,918 to 2,992 square feet, with 3 to 4 bedrooms, 2 to 3.5 bathrooms, and 2- or 3-car garages. Home buyers can choose from one- and two-story floor plans that include popular design features such as flex rooms and beautiful covered lanais. Move-in ready homes in the community with...

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Osisko Metals Announces Significant Increase in Mineral Resources at Gaspé Copper

Written by Customer Service on . Posted in Public Companies.

MONTREAL, Nov. 14, 2024 (GLOBE NEWSWIRE) — Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce an updated Mineral Resource Estimate (“MRE”) for the Gaspé Copper Project, located near Murdochville in the Gaspé Peninsula of Quebec. The updated MRE (Table 1) includes pit-constrained resources comprising 824 million tonnes grading 0.34% CuEq of Indicated category and 670 million tonnes grading 0.38% CuEq of Inferred category. This MRE represents a 53% increase in copper-equivalent metal content over the previously reported Indicated Resource and a 100-fold increase in copper-equivalent metal content in Inferred Resources (see May 6, 2024 news release and entitled “2024 Copper Mountain Mineral Resource Estimate”). At 4.91 billion pounds (2.23 million tonnes)...

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Nilfisk Q3 2024 Interim Report: Organic revenue growth of -0.8% and continued gross margin improvement and EBITDA margin before special items of 12.6%

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Nilfisk CEO, Jon Sintorn, comments on the Q3 results: – “After strong momentum to start the third quarter, a demand slowdown in the Americas negatively impacted the Professional Business and our overall results for the quarter. Business performance in the US was below expectations. This was partially offset by continued strong organic growth in EMEA and positive contributions from our Consumer and Specialty Businesses. We are assessing the challenges and will look for structural efficiency improvements across the group. Nilfisk will announce its financial outlook for 2025 and provide an update in connection with the 2024 Annual Report in February 2025”. Financial highlightsmEUR Q3 2024 Q3 2023Revenue 240.6 247.8Organic growth -0.8% -0.7%Gross margin 42.4% 41.2%Overhead cost 87.6 86.5Overhead cost ratio 36.4% 34.9%EBITDA...

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Inter&Co Inc. Reports Another Record Net Income of R$260M, And Remains On Track On Its Long-Term Plan

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

MIAMI, Nov. 14, 2024 (GLOBE NEWSWIRE) — Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the leading financial super app providing financial and digital commerce services to over 34.9 million customers, today reported financial results for the third quarter of 2024. Highlights:Record Net Income of R$ 260 million ($52 million USD). Total Payment Volume (TPV) of R$ 320 million ($64 million USD), up 46% YoY, a R$ 1.2 trillion Run Rate. Total Net Revenue of R$ 1.7 billion ($340 million USD), up 32% YoY. Net Interest Margin of 9.6%, up from 9.2% last quarter. ROE of 11.9%, up 6.2 p.p. YoY. 34.9 million clients, with 1.1 million net new active clients, totaling 19.5 million active clients.Figures in USD have been converted with the USD BRL rate of 1 USD = 5.00 BRL as of Tuesday, November 12 at 9:00 am ET. Exchange rates can fluctuate....

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