Year: 2024

Arbor Realty Trust Reports Third Quarter 2024 Results and Declares Dividend of $0.43 per Share

Written by Customer Service on November 1, 2024. Posted in Earnings Releases And Operating Results.

Company Highlights:GAAP net income of $0.31 and distributable earnings of $0.43, per diluted common share1 Declares cash dividend on common stock of $0.43 per share Successfully delevered the Company 25% from a peak debt to equity ratio of 4:1 in 2023, to 3:1 at 3Q242 Cash and liquidity of ~$600 million3 Agency loan originations of $1.10 billion; a servicing portfolio of ~$33.01 billion, up 2% from 2Q24 and 10% from a year ago Structured loan originations of $258.5 million, runoff of $521.3 million and a portfolio of ~$11.57 billion In October 2024, issued $100.0 million of 9.00% senior notes due 2027UNIONDALE, N.Y., Nov. 01, 2024 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (NYSE: ABR), today announced financial results for the third quarter ended September 30, 2024. Arbor reported net income for the quarter of $58.2 million,...

Cumulus Media Reports Operating Results for the Third Quarter 2024

Written by Customer Service on November 1, 2024. Posted in Earnings Releases And Operating Results.

Increased Digital Marketing Services Revenue by 38%, Total Digital Revenue by 8% Reported Q3 Total Revenue of $204 Million, Down 1.8%, in Line with Pacing Guidance ATLANTA, Nov. 01, 2024 (GLOBE NEWSWIRE) — Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “Cumulus Media,” “we,” “us,” or “our”) today announced operating results for the three and nine months ended September 30, 2024. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, “During the third quarter, we delivered revenue and EBITDA in-line with pacing commentary and analyst estimates. Given the market challenges, we maintained our focus on what we can control. Specifically, we continued investing to drive growth in our digital businesses, including in digital marketing services...

Global Engine Group Holding Limited Announces Financial Results for Fiscal Year 2024

Written by Customer Service on November 1, 2024. Posted in Public Companies.

HONG KONG, Nov. 01, 2024 (GLOBE NEWSWIRE) — Global Engine Group Holding Limited (the “Company” or “GLE”), a Hong Kong-headquartered integrated solutions provider in information communication technologies (“ICT”), today announced the financial results for the fiscal year ended June 30, 2024. Key Fiscal Year 2024 Financial Metrics:Revenue increased by HKD4.8 million, or 10.7%, to HKD49.5 million (US$6.3 million) for the year ended June 30, 2024 from HKD44.7 million for the year ended June 30, 2023. Gross profit decreased slightly by 0.8% to HKD7.3 million (US$0.9 million) in 2024 from HKD7.4 million in 2023. Gross margin also declined by 1.7 percentage points year-on-year from 16.5% in 2023 to 14.8% in 2024. Net income was HKD2.6 million (US$0.3 million) for the year ended June 30, 2024, decreased by 2.6% from HKD2.7 million in...

Oxford Lane Capital Corp. Announces Net Asset Value and Selected Financial Results for the Second Fiscal Quarter and Declaration of Distributions on Common Stock for the Months Ending January, February, and March 2025

Written by Customer Service on November 1, 2024. Posted in Public Companies.

GREENWICH, Conn., Nov. 01, 2024 (GLOBE NEWSWIRE) — Oxford Lane Capital Corp. (Nasdaq: OXLC) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (NasdaqGS: OXLCI) (“Oxford Lane,” the “Company,” “we,” “us” or “our”) announced today the following financial results and related information: On October 24, 2024, our Board of Directors declared the following distributions on our common stock:Month Ending Record Date Payment Date Amount Per ShareJanuary 31, 2025 January 17, 2025 January 31, 2025 $0.09February 28, 2025 February 14, 2025 February 28, 2025 $0.09March 31, 2025 March 17, 2025 March 31, 2025 $0.09 Net asset value (“NAV”) per share as of September 30, 2024 stood at $4.76, compared with a NAV per share on June 30, 2024 of $4.91. Net investment income (“NII”), calculated...

Northway Financial, Inc. Announces Third Quarter Earnings

Written by Customer Service on November 1, 2024. Posted in Public Companies.

NORTH CONWAY, N.H., Nov. 01, 2024 (GLOBE NEWSWIRE) — Northway Financial, Inc. (the “Company”) (OTCQB: NWYF), the parent company of Northway Bank (the “Bank”), today reported net income for the quarter ended September 30, 2024 of $1.2 million, or $0.45 per basic common share, compared to $1.6 million, or $0.58 per basic common share for the quarter ended September 30, 2023. For the nine months ended September 30, 2024, the Company reported net income of $3.6 million, or $1.31 per basic common share, compared to $4.7 million, or $1.71 per basic common share for the same period in 2023. President and CEO William J. Woodward commented: “During the third quarter we continued to reduce our reliance on wholesale funding by putting a focus on retaining deposits and limiting our lending. Wholesale funding decreased by $122 million, significantly...

Praxis Precision Medicines to Announce Third Quarter 2024 Financial Results and Host Conference Call on Wednesday, November 6, 2024

Written by Customer Service on November 1, 2024. Posted in Public Companies.

BOSTON, Nov. 01, 2024 (GLOBE NEWSWIRE) — Praxis Precision Medicines, Inc. (NASDAQ: PRAX), a clinical-stage biopharmaceutical company translating genetic insights into the development of therapies for central nervous system (CNS) disorders characterized by neuronal excitation-inhibition imbalance, today announced it will report its financial results from the third quarter ended September 30, 2024, before the financial markets open on Wednesday, November 6, 2024. The Company will host a live webcast the same morning at 8am ET, which can be accessed by visiting this registration link. This live webcast will also be available through the Events & Presentations page of the Investors + Media section of the company’s website www.praxismedicines.com. A replay of the webcast will be available on Praxis’ website for 90 days following...

Ultralife Corporation Completes Acquisition of Electrochem Solutions, Inc.

Written by Customer Service on November 1, 2024. Posted in Mergers And Acquisitions.

NEWARK, N.Y., Nov. 01, 2024 (GLOBE NEWSWIRE) — Ultralife Corporation (NASDAQ: ULBI) completed its acquisition of all outstanding shares of Electrochem Solutions, Inc. (“Electrochem”) for $50.0 million in cash from Integer Holdings Corporation (NYSE: ITGR) on October 31, 2024. “I am thrilled to welcome Electrochem to the growing Ultralife Team as another valued member that shares our core values, operating philosophy and strong commitment to both our associates and our long-standing customers. Having achieved our target of closing the acquisition of Electrochem by the end of October, we now look forward to working closely with Khristine Carroll, President – Electrochem, and her experienced team to jointly implement our integration playbook. Together, we will advance our strategy of more fully realizing the operating leverage of...

Rapid Micro Biosystems Reports Third Quarter 2024 Financial Results

Written by Customer Service on November 1, 2024. Posted in Earnings Releases And Operating Results.

Reports record third quarter 2024 revenue of $7.6 million, representing growth of 24% compared to the third quarter of 2023 Placed seven Growth Direct® systems in the third quarter of 2024, marking the highest number of system placements since the third quarter of 2021Included a multi-system order at an additional site of an existing top 20 global pharma customer as part of their global Growth Direct system rolloutAchieved inflection in gross margins to positive 8%, representing a significant company milestone and a 35 percentage point improvement compared to the third quarter of 2023 Reaffirms full year 2024 total revenue guidance of at least $27.0 million, representing growth of at least 20% compared to the full year 2023LEXINGTON, Mass., Nov. 01, 2024 (GLOBE NEWSWIRE) — Rapid Micro Biosystems, Inc. (Nasdaq: RPID) (the...

Bombardier’s Must-Attend Safety Standdown Seminar Set to Open in Wichita, KS, Incites Aviation Professionals to Elevate their Influence

Written by Customer Service on November 1, 2024. Posted in Public Companies.

Under the theme “Elevate your Influence,” free-to-attend safety event provides life-long learning opportunities for a wide cross-section of industry influencers Dynamic event brings together more than 400 aviation professionals on site, hundreds more worldwide via webcast Jam-packed educational lineup includes must attend educational seminar sessions highlighting lessons of influence from the sports world, what we can from learn from National Transportation Safety Board (NTSB) near misses, aviation challenges and moreMONTRÉAL, Nov. 01, 2024 (GLOBE NEWSWIRE) — Bombardier today announced that its highly-influential Safety Standdown safety seminar has returned to Wichita, KS for another year of invaluable safety knowledge-based training. This dynamic three-day event, to be held on November 12-14 in person and online, features...

Stardust Power Announces Third Quarter 2024 Earnings Release Date, Conference Call

Written by Customer Service on November 1, 2024. Posted in Public Companies.

GREENWICH, Conn., Nov. 01, 2024 (GLOBE NEWSWIRE) — Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium products, today announced that that it plans to release its third quarter 2024 financial results after market close on Wednesday, November 13, 2024. Roshan Pujari, Founder and Chief Executive Officer and Uday Devasper, Chief Financial Officer will host a conference call at 5:30 pm ET on Wednesday, November 13, 2024 to discuss the Company’s performance. Participants may access the call by clicking the participant call link and ask questions: https://register.vevent.com/register/BI636e5a7167ac45fe86b733d151aba0af. Upon registering at the link, you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details. You...

Year: 2024

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