NRE

Alchip Technologies Reports Record Q1 FY2024 Revenue and Net Income

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목요일, 5월 16, 2024
USD, Alchip, Global depository receipt, NRE, ASIC, Video game

Taipei, Taiwan, May 16, 2024 (GLOBE NEWSWIRE) -- Alchip Technologies has reported record revenue of USD$333.6 million for the first quarter of its 2024 fiscal year, topping first quarter FY2023 revenue of USD$188 million by 77.4 percent, and fourth quarter FY2023 revenue of USD$291.1 million by 14.6 percent.

Key Points: 
  • Taipei, Taiwan, May 16, 2024 (GLOBE NEWSWIRE) -- Alchip Technologies has reported record revenue of USD$333.6 million for the first quarter of its 2024 fiscal year, topping first quarter FY2023 revenue of USD$188 million by 77.4 percent, and fourth quarter FY2023 revenue of USD$291.1 million by 14.6 percent.
  • The Company also reported record net income for the first quarter of FY2024 of USD$39 million, up 103.9 percent over FY2023 first quarter net income of USD$19.1 million.
  • First quarter FY2024 operating income reached USD$38.5 million, an 84.1 percent increase over first quarter FY2023 operating income of USD$20.9 million.
  • He also pointed out that NRE revenue accounted for 15-20 percent of first quarter FY2024 total revenue.

POET Technologies Reports First Quarter 2024 Financial Results

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수요일, 5월 15, 2024
Optics, EDGAR, Intelligence, FIT, Die (integrated circuit), Luxshare, Programmable interrupt controller, Exercise, Sale, PTK, Conference, AI, POET, Growth, Research, C band, Foxconn, Depreciation, TMX Group, ATM, NRE, IO, Electronics, Video game

TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today reported its unaudited condensed consolidated financial results as of and for the three months ended March 31, 2024.

Key Points: 
  • TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today reported its unaudited condensed consolidated financial results as of and for the three months ended March 31, 2024.
  • Non-cash expenses in the first quarter of 2024 included stock-based compensation of $0.9 million and depreciation and amortization of $0.5 million.
  • Cash flow from operating activities in the first quarter of 2024 was ($4.6) million, compared to ($3.6) million in the first quarter of 2023 and ($2.9) million in the fourth quarter of 2023.
  • These non-IFRS financial performance measures are included because management has used the information to analyze the business performance and financial position of POET.

Cyngn Reports First Quarter 2024 Financial Results

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수요일, 5월 8, 2024
MCL, NRE, Ecosystem, Deere, Investment, OEM, EAS, Automation, Acquisition, G&A, Growth, Life insurance

First quarter revenue was $5.5 thousand compared to $872.8 thousand in the first quarter of 2023.

Key Points: 
  • First quarter revenue was $5.5 thousand compared to $872.8 thousand in the first quarter of 2023.
  • Total costs and expenses in the first quarter were $6.0 million, down from $6.7 million in the first quarter of 2023.
  • Headcount at the end of the first quarter of 2024 was 80 versus 73 from the first quarter of 2023.
  • First quarter 2024 net loss per share was $(0.08), based on basic and diluted weighted average shares outstanding of approximately 77.1 million in the quarter.

ICICI Bank enables NRI customers to use international mobile number to make UPI payments in India

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화요일, 5월 7, 2024
UPI, NRE, Ecosystem, NRI, NPCI, Digital, Bank, Process control block, ICICI Bank, ID, Online shopping

MUMBAI, India, May 7, 2024 /PRNewswire/ -- ICICI Bank today announced that it has enabled NRI customers to use their international mobile number to make UPI payments instantly in India, thereby significantly enhancing their convenience of making everyday payments.

Key Points: 
  • MUMBAI, India, May 7, 2024 /PRNewswire/ -- ICICI Bank today announced that it has enabled NRI customers to use their international mobile number to make UPI payments instantly in India, thereby significantly enhancing their convenience of making everyday payments.
  • With this facility, the NRI customers of the Bank can make payments for their utility bills, merchant and e-commerce transactions with their international mobile number registered with their NRE / NRO bank account held with ICICI Bank in India.
  • NRI customers of the Bank can make UPI payments by scanning any Indian QR code, sending money to a UPI ID or any Indian mobile number or Indian bank account.
  • With this facility, our NRI customers residing in 10 countries do not need to switch to an Indian mobile number to pay using UPI.

ICICI Bank enables NRI customers to use international mobile number to make UPI payments in India

Retrieved on: 
화요일, 5월 7, 2024
UPI, NRE, Ecosystem, NRI, NPCI, Digital, Bank, Process control block, ICICI Bank, ID, Online shopping

MUMBAI, India, May 7, 2024 /PRNewswire/ -- ICICI Bank today announced that it has enabled NRI customers to use their international mobile number to make UPI payments instantly in India, thereby significantly enhancing their convenience of making everyday payments.

Key Points: 
  • MUMBAI, India, May 7, 2024 /PRNewswire/ -- ICICI Bank today announced that it has enabled NRI customers to use their international mobile number to make UPI payments instantly in India, thereby significantly enhancing their convenience of making everyday payments.
  • With this facility, the NRI customers of the Bank can make payments for their utility bills, merchant and e-commerce transactions with their international mobile number registered with their NRE / NRO bank account held with ICICI Bank in India.
  • NRI customers of the Bank can make UPI payments by scanning any Indian QR code, sending money to a UPI ID or any Indian mobile number or Indian bank account.
  • With this facility, our NRI customers residing in 10 countries do not need to switch to an Indian mobile number to pay using UPI.

Sivers Semiconductors Announces Stable Q1 Revenue with 35 percent improved EBITDA and large order intake

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금요일, 5월 3, 2024
Storm, NRE, High-pass filter, AI, Yoy, Sivers, Growth, Semiconductor, Mobile, Silicon photonics, Photonics, Silicon, Wireless, MWC, Mobile World Congress, Disclosure, Medical device

KISTA, Sweden, May 3, 2024 /PRNewswire/ -- Sivers Semiconductors AB (STO: SIVE), a leading supplier of integrated chips and modules for advanced communications and sensor solutions for AI Photonics, SATCOM and 5G/6G today reported its first-quarter results for the fiscal year 2024. The company delivered stable performance, securing new deals worth $10 million (SEK 100 million), including a Fortune 100 customer and a strategic AI photonics customer, maintaining its growth momentum following a record-breaking year in 2023.

Key Points: 
  • "After a record year in 2023, we have started 2024 with a stable quarter, improving EBITDA approx.
  • 35% YoY," said Anders Storm, Group CEO of Sivers Semiconductors.
  • Sivers Semiconductors continues to make significant strides in the SATCOM, 5G, and AI Photonics sectors.
  • With innovation at our core, Sivers Semiconductors is committed to delivering bespoke, high-performance solutions for a better-connected and safer world.

Aqua Metals Advances Sierra-ARC Lithium Battery Recycling Campus and Secures Offtake Partnership; Reports Full-Year 2023 Financial Results

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수요일, 3월 27, 2024
Research, EV, MOU, NRE, Growth, ICF, Recycling, Partnership, Risk, Copper, Metal, APEC, Public expenditure, LCA, Nickel, CO2, Lithium, ARC, Economic development, Cobalt, Rare-earth element

RENO, Nev., March 27, 2024 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in sustainable lithium-ion battery recycling, today reported financial results for the full-year ended December 31, 2023.

Key Points: 
  • RENO, Nev., March 27, 2024 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in sustainable lithium-ion battery recycling, today reported financial results for the full-year ended December 31, 2023.
  • Supplied Dragonfly Energy with battery-grade, sustainably recycled lithium hydroxide, which was used to manufacture and successfully cycle-tested lithium-based battery cell.
  • “Aqua Metals achieved our goal of proving out the pilot plant in 2023, a facility that continues to operate 24x5,” commented Steve Cotton, President and Chief Executive Officer of Aqua Metals.
  • The webcast replay will also be available in the “News / Events” section of the Aqua Metals website.

POET Technologies Reports Fourth Quarter 2023 Financial Results

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금요일, 3월 15, 2024
Quarter, NRE, Growth, Average cost, Tier 1, Research, TMX Group, AI, Die (integrated circuit), POET, Loss, Bank statement, Programmable interrupt controller, Depreciation, Unit, PTK, CAD, Video game

TORONTO, March 15, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of Photonic Integrated Circuits (PICs), light sources and optical modules for the AI and data center markets, today reported its audited consolidated financial results for the fourth quarter ended December 31, 2023.

Key Points: 
  • TORONTO, March 15, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of Photonic Integrated Circuits (PICs), light sources and optical modules for the AI and data center markets, today reported its audited consolidated financial results for the fourth quarter ended December 31, 2023.
  • The Company had non-cash finance costs of $14,000 in the fourth quarter of 2023 compared to non-cash finance costs of $12,000 in the fourth quarter of 2022 and non-cash costs of $18,000 in the third quarter of 2023.
  • The Company’s share of loss is approximately 76.1% of the loss of Super Photonics in the fourth quarter of 2023, 80.7% in the fourth quarter of 2022 and 78.4% in the third quarter of 2023.
  • Cash flow from operating activities in the fourth quarter of 2023 was ($2.9) million compared to ($2.7) million in the fourth quarter of 2022 and ($4.1) million in the third quarter of 2023.

KORU Medical Systems, Inc. Announces 2023 Fourth Quarter, Full Year Financial Results, and 2024 Guidance

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수요일, 3월 13, 2024
Medical Devices, Health, Pharmaceutical, Health Technology, Medical Supplies, Research, Certification, NRE, Growth, EPS, HSBC Bank USA, Calendar, GAAP, HSBC Bank, ID, Information management, BSI, Bank

Gross profit increased $1.3 million or 8.7% for the year ended December 31, 2023, compared to the same period in 2022.

Key Points: 
  • Gross profit increased $1.3 million or 8.7% for the year ended December 31, 2023, compared to the same period in 2022.
  • Allowing for a one-time inventory adjustment for a product discontinuation, adjusted gross margin for the year ended 2023 was 59.6%.
  • This new debt facility provides KORU Medical with additional capital flexibility to support a reserve for growth and strategic opportunities.
  • Non-GAAP financial measures are meant to supplement, and to be viewed in conjunction with, GAAP financial results.

Affordability, customisation and convenience: Term plans from India become more attractive and accessible for NRIs

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금요일, 3월 29, 2024
HLV, Insurance, NRE, INR, GST, Life insurance

SINGAPORE, March 30, 2024 /PRNewswire/ -- Policybazaar, India's leading online insurance marketplace, is witnessing a significant increase in non-resident Indians (NRIs) choosing term insurance from India via its platform. This surge is driven by the unparalleled ease, affordability and accessibility offered by the Indian insurance market. While several factors contribute to the growing interest in term insurance in India, affordability and convenience stand out as primary reasons. The demand among the 18-60 age group has seen an impressive 130% year-on-year growth, with India emerging as the preferred choice for NRIs.

Key Points: 
  • NRIs are also eligible for 18% GST exemption* upon purchasing term insurance plans from India when paying via their NRE accounts.
  • This attractive pricing, along with the availability of longer-term plans, has led to a rise in demand among NRIs, especially from Gulf nations, where 65% of term insurance buyers hail from, with the UAE alone contributing 35%.
  • The accessibility of these plans is further enhanced through seamless processing for NRIs, whose average annual income exceeds INR 35 lakhs.
  • NRIs can also leverage Policybazaar's search and comparison engine to browse the best suitable plans as per their needs and preferences.