Month: April 2025

TULSA, Okla., April 15, 2025 (GLOBE NEWSWIRE) — Greystone Logistics (GLGI), the leading manufacturer of recycled plastic pallets and providing sustainable logistics solutions, announces three- and nine-month results for the period ending February 28, 2025. Revenue for the quarter was $14,315,798 and for the nine-month period $39,911,692 with EBITDA of $3,015,542 and $6,780,238 for the respective periods. CEO Warren Kruger commented “I am proud our team delivered strong financial results  for the quarter. During the quarter, the board authorized $2.1 million to redeem a portion of the $5 million preferred stock outstanding out of cash on hand. The company has also now purchased over 500,000 common shares in the previous announced stock buyback. These buybacks of preferred and common stock are an indication of the commitment...

Total Revenue Increases 10% Year-Over-YearDelivers Improved Gross Margins, Achieves Annual Cost Savings Target Early, and Reduces Cash Burn Over 55%IRVINE, Calif., April 15, 2025 (GLOBE NEWSWIRE) — Biomerica, Inc. (Nasdaq: BMRA), (the “Company”) a global provider of advanced medical diagnostic and therapeutic products today reported financial results for the third quarter of fiscal 2025 ended February 28, 2025. Key Highlights: 1. Fortel® PSA Screening Test Approved by UAE Ministry of Health & Prevention:Biomerica’s Fortel® Prostate Specific Antigen (PSA) Screening Test has received regulatory approval from the United Arab Emirates Ministry of Health & Prevention (MOHAP). The Fortel® test offers fast, accurate PSA results in just 10 minutes using a simple finger-prick blood sample. By enabling earlier detection of...

Cash and Cash Equivalents Declined $6.6 million in Fiscal Year 2024 Versus a Decline of $70.5 million in Fiscal Year 2023, Resulting in Record Low Cash Consumption in Fiscal Year 2024. Announces Largest Inventory Acquisition in Company History; Rollout Planned in FY 2025 Expects a Return to Subscriber Growth in FY 2025 NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) — Rent the Runway, Inc. (“Rent the Runway” or “RTR”) (NASDAQ: RENT), the company transforming the way women get dressed by pioneering the world’s first Closet in the Cloud, today reported financial results for the fiscal quarter and fiscal year 2024 ended January 31, 2025. RTR has proven its ability to operate a nearly break-even business. Notably, we’ve significantly improved our cash position from a decline of $70.5 million in fiscal year 2023 to a decline...

REDWOOD CITY, Calif., April 15, 2025 (GLOBE NEWSWIRE) — Adverum Biotechnologies, Inc. (Nasdaq: ADVM), a clinical-stage company pioneering the use of gene therapy to preserve sight for life in highly prevalent ocular diseases, today reported financial results for the fourth quarter and full year 2024. The company also provided pipeline highlights and updates to anticipated milestones. “We believe Ixo-vec is poised to redefine the standard of care for patients with wet AMD as a potential best-in-class, one-and-done gene therapy. Ixo-vec offers the potential for life-long vision preservation and a favorable safety profile and is overwhelmingly preferred by patients over today’s treatment, as evidenced by our LUNA 52-week and OPTIC 4-year data,” stated Laurent Fischer, M.D., president and chief executive officer of Adverum Biotechnologies....

HOUSTON, April 15, 2025 (GLOBE NEWSWIRE) — Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, released today its fourth quarter and full year 2024 results. Fourth Quarter 2024 Results • Revenue of $ 6 million, a 48% increase year over year • Modified EBITDA of $ 1 million, an increase of $1.6 million year over year Full Year 2024 Results • Revenue of $23 million, a 48% increase year over year • Modified EBITDA of $3.5 million, a net increase of $4.4 million year over year • Working capital of $5.7 million as of December 31, 2024, including $3.4 million in cash. Erik Wiik, President and Chief Executive Officer of KOIL Energy, stated, ” I am immensely proud of the KOIL Energy team for delivering an exceptional quarter, surpassing the revenue of each...