Year: 2024

Third quarter revenues of $50.7 million, in line with previous guidance Third quarter GAAP net loss of $0.9 million; non-GAAP net income of $5.5 million Continued positive cash generation from operations Significant year-over-year improvement in non-GAAP gross margin and return to adjusted EBITDA profitability Industry-leading platforms, Apollo and Atlas MAX, continue to gain adoption among screen-replacement customers, driven by the new AIC modelROSH-HA`AYIN, Israel, Nov. 06, 2024 (GLOBE NEWSWIRE) — Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a global leader in sustainable, on-demand, digital fashion and textile production technologies, today reported results for the third quarter ended September 30, 2024. “I am very pleased with the operational progress we achieved this quarter. We delivered gross margin...

MANITOWOC, Wis., Nov. 06, 2024 (GLOBE NEWSWIRE) — Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today reported results for its fiscal 2025 second quarter (Q2’25) ended September 30, 2024. Orion will hold an investor call today at 10:00 a.m. ET – details below.Q2 Financial Summary   Prior Three Quarters$ in millions except per share figures Q2’25 Q2’24 Change   Q1’25 Q4’24 Q3’24LED Lighting Revenue $10.8 $13.6 -20%   $12.8 $16.3 $18.5EV Charging Revenue $4.7 $3.4 40%   $3.8 $4.9 $2.8Maintenance Revenue $3.8 $3.6 5%   $3.3 $5.2 $4.6Total Revenue $19.4 $20.6 $(1.2)   $19.9 $26.4 $26.0Gross Profit (1) $4.5 $4.6 $(0.1)   $4.3 $6.8 $6.4Gross Profit...

Portfolio Receipts growth of 15% to $735 million; Royalty Receipts growth of 15% Net cash provided by operating activities of $704 million Capital Deployment of approximately $1.2 billion Raising full year 2024 guidance: Portfolio Receipts expected to be $2,750 to $2,800 millionNEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) — Royalty Pharma plc (Nasdaq: RPRX) today reported financial results for the third quarter of 2024 and raised full year 2024 guidance for Portfolio Receipts. “We delivered strong growth of approximately 15% in Portfolio Receipts in the third quarter of 2024 and are delighted to raise our full year guidance” said Pablo Legorreta, Royalty Pharma’s founder and Chief Executive Officer. “We also strengthened our portfolio by adding royalties on three innovative therapies over the last three months, increasing our Capital...

KING OF PRUSSIA, Pa., Nov. 06, 2024 (GLOBE NEWSWIRE) — Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced financial results for its third quarter ended September 30, 2024. “The third quarter of 2024 was another great quarter for Vertex”, stated David DeStefano, Vertex’s President, Chief Executive Officer and Chairperson of the Board. “Revenue was above the high end of our quarterly guidance, with mid-teens organic revenue growth. We were once again GAAP earnings positive with strong Adjusted EBITDA. And we delivered significant cash flow from operating activities as well as free cash flow, demonstrating our high-quality earnings.” DeStefano continued, “In the third quarter we completed our acquisition of Austrian e-invoicing and EDI company, ecosio. We are...

Quarterly results demonstrate continued improvement at core utility from 2023 Expect to be at the low end of Avista Utilities guidance range Lowering earnings guidance for our other businesses due to lower than expected investment valuationsSPOKANE, Wash., Nov. 06, 2024 (GLOBE NEWSWIRE) — Avista Corp. (NYSE: AVA) today announced financial results for the third quarter of 2024. Net income and earnings per diluted share for the third quarter and year-to-date 2024 compared to the same periods in 2023 are presented in the table below (dollars in thousands, except per-share data):    Third Quarter     Year-to-Date      2024     2023     2024     2023  Net Income (Loss) by Business Segment:                        Avista Utilities   $ 19,803     $ 13,498     $ 111,246     $ 83,935  AEL&P     41       288       5,061       5,689  Other     (1,357 )     930       (3,467 )     (2,579 )Total...

MALVERN, Pa., Nov. 06, 2024 (GLOBE NEWSWIRE) — Vishay Intertechnology, Inc., (NYSE: VSH), one of the world’s largest manufacturers of discrete semiconductors and passive electronic components, today announced results for the fiscal third quarter ended September 28, 2024. Highlights3Q 2024 revenues of $735.4 million Gross margin was 20.5% and included the negative impact of approximately 150 basis points related to the addition of Newport GAAP loss per share of ($0.14); adjusted EPS of $0.08 per share 3Q 2024 book-to-bill of 0.88 with book-to-bill of 0.79 for semiconductors and 0.97 for passive components Backlog at quarter end was 4.4 months“For the third consecutive quarter this year, revenue has held fairly constant, reflecting a prolonged period of inventory de-stocking as the pace of consumption by industrial customers...

Third Quarter 2024 Overview (all comparisons are made to the corresponding prior year third quarter unless otherwise specified):Net sales of $291.4 million decreased 3.9% Net loss of $6.2 million, which included an $8.4 million charge related to the settlement of a legacy litigation matter: Adjusted net income of $7.0 million EBITDA of $0.6 million declined $1.2 million; Adjusted EBITDA was $17.4 million, an increase of $7.4 million Diluted EPS of $(0.27) compared to $(0.29); Adjusted EPS of $0.31 compared to $(0.01) Operating cash flow of $22.5 million; Free cash flow of $19.9 millionCHATTANOOGA, Tenn., Nov. 06, 2024 (GLOBE NEWSWIRE) — Astec Industries, Inc. (Nasdaq: ASTE) announced today its financial results for the third quarter ended September 30, 2024. “In the third quarter, we had mixed results. In Infrastructure...