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GCT Semiconductor Holding, Inc. Reports First Quarter 2024 Financial Results

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화요일, 5월 14, 2024

GCT Semiconductor Holding, Inc. (“GCT” or the “Company”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today reported financial results for the first quarter ended March 31, 2024.

Key Points:

GCT Semiconductor Holding, Inc. (“GCT” or the “Company”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today reported financial results for the first quarter ended March 31, 2024.
Revenues up by 7% as compared to the same quarter in 2023, to $3.3 million.
GCT common stock commenced trading on the NYSE on March 27, 2024, following its business combination with Concord Acquisition Corp III (the “Business Combination”).
“We are excited about our operational progress during the first quarter of 2024.

D-Wave Reports First Quarter 2024 Results

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월요일, 5월 13, 2024

First quarter 2024 Bookings (as defined below) totaled $4.5 million, an increase of $1.6 million, or 54%, from Q1 FY23 bookings, representing the Company’s eighth consecutive quarter of year-over-year growth in quarterly bookings.

Key Points:

First quarter 2024 Bookings (as defined below) totaled $4.5 million, an increase of $1.6 million, or 54%, from Q1 FY23 bookings, representing the Company’s eighth consecutive quarter of year-over-year growth in quarterly bookings.
Bookings1: Bookings for the first quarter of fiscal 2024 were $4.5 million, an increase of $1.6 million, or 54%, from the fiscal 2023 first quarter Bookings of $2.9 million.
Non-GAAP Gross Margin2: Non-GAAP gross margin for the first quarter of fiscal 2024 was 76.6%, an increase of 22.8% from the fiscal 2023 first quarter non-GAAP gross margin of 53.8%.
We are reiterating the full year 2024 financial guidance set forth in our March 28, 2024, fiscal 2023 fourth quarter and full year earnings press release.

Spectral AI Announces 2024 First Quarter Financial Results

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화요일, 5월 7, 2024

DALLAS, May 07, 2024 (GLOBE NEWSWIRE) -- Spectral AI, Inc. (Nasdaq: MDAI) (“Spectral AI” or the “Company”), an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, today announced financial results for the first quarter ended March 31, 2024 (“Q1 2024”) and provided an update on its ongoing business activities.

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DeepView AI®-Burn Devices Deployed in UK; Expect Commercial Revenue in 2H 2024
DALLAS, May 07, 2024 (GLOBE NEWSWIRE) -- Spectral AI, Inc. (Nasdaq: MDAI) (“Spectral AI” or the “Company”), an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, today announced financial results for the first quarter ended March 31, 2024 (“Q1 2024”) and provided an update on its ongoing business activities.
“During the first quarter we continued to execute against our strategic priorities resulting in significant accomplishments across the enterprise,” said Peter M. Carlson, CEO of Spectral AI.
Completed enrollment in our DFU training study in the US with expected completion of our DFU validation study in 2H 2024.
Additionally, Spectral AI entered into a fixed price standby equity purchase agreement (“SEPA”) with a long-only investor that includes a $12.5 million prepaid advance (“Advances”).

D-Wave Reports Fourth Quarter and Year-End 2023 Results

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목요일, 3월 28, 2024

First quarter FY24 Bookings expected to be at least $4.3 million representing a minimum 36% growth over the fourth quarter of fiscal 2023, 47% growth over the first quarter of fiscal 2023 and representing the Company’s 8th consecutive quarter of year-over-year growth in quarterly Bookings.

Key Points:

First quarter FY24 Bookings expected to be at least $4.3 million representing a minimum 36% growth over the fourth quarter of fiscal 2023, 47% growth over the first quarter of fiscal 2023 and representing the Company’s 8th consecutive quarter of year-over-year growth in quarterly Bookings.
Revenue: Revenue for the fourth quarter of fiscal 2023 was $2.9 million, an increase of $0.5 million, or 21%, from fiscal 2022 fourth quarter revenue of $2.4 million, and an increase of $0.3 million, or 13%, from the fiscal 2023 third quarter revenue of $2.6 million, representing D-Wave's third consecutive quarter of sequential quarter-to-quarter growth in revenue.
Bookings1: Bookings for the fourth quarter of fiscal 2023 were $3.1 million, an increase of $0.8 million, or 34%, from fiscal 2022 fourth quarter Bookings of $2.4 million, and an increase of $0.2 million, or 8%, from the fiscal 2023 third quarter Bookings of $2.9 million, representing D-Wave’s seventh consecutive quarter of year-over-year growth in quarterly Bookings.
Non-GAAP Gross Margin2: Non-GAAP gross margin for the fourth quarter of fiscal 2023 was 80.2%, an increase of 7.6% from the fiscal 2022 fourth quarter Non-GAAP gross margin of 72.6%, and an increase of 4.6% from the fiscal 2023 third quarter Non-GAAP gross margin of 75.6%.

APPlife Digital Solutions, Inc. and The Awareness Group Finalize Terms for Unique Strategic Partnership

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화요일, 2월 27, 2024

Acquisition, OTCQB, SAN, LOI, Growth, ALDS, ELOC, TAG, Partnership, Security (finance)

Both parties have agreed on the final terms for the acquisition and partnership and are working with respective legal counsel towards a final executable agreement.

Key Points:

Both parties have agreed on the final terms for the acquisition and partnership and are working with respective legal counsel towards a final executable agreement.
Under the final terms TAG will become a wholly-owned subsidiary of APPlife.
ALDS legacy shareholders will maintain no less than 10% of APPLife through an uplisting to a national exchange.
There can be no assurance that definitive agreements for the foregoing transaction will be successfully completed or executed.

Faraday Future Announces Updated Master Plan 1.1 to Strategically Position Itself for Growth in 2024

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월요일, 2월 26, 2024

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today released an open letter from Matthias Aydt, Global CEO of FF, to share an updated master plan 1.1 for the growth of Faraday Future in 2024.

Key Points:

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today released an open letter from Matthias Aydt, Global CEO of FF, to share an updated master plan 1.1 for the growth of Faraday Future in 2024.
View the full release here: https://www.businesswire.com/news/home/20240225201526/en/
Faraday Future Announces Updated Master Plan 1.1 to Strategically Position Itself for Growth in 2024.
10,000 capacity - future potential annual production capacity at FF's self-operated manufacturing facility in Hanford, California with $200+ million invested.
Phase Two of the Company's Three-Phase Delivery Plan for the Company’s FF 91 2.0 Futurist Alliance launched in the third quarter 2023.

D-Wave Reports Third Quarter Results

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목요일, 11월 9, 2023

Grew third quarter Revenue by 51% on a year-over-year basis, and 50% on a sequential quarter-to-quarter basis.

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Grew third quarter Revenue by 51% on a year-over-year basis, and 50% on a sequential quarter-to-quarter basis.
Revenue: Revenue for the third quarter of fiscal 2023 was $2.6 million, an increase of $0.9 million, or 51%, from fiscal 2022 third quarter Revenue of $1.7 million, and an increase of $0.9 million, or 50%, from the immediately preceding fiscal 2023 second quarter Revenue of $1.7 million.
Non-GAAP Adjusted Operating Expense3: Non-GAAP Adjusted Operating Expenses for the third quarter of fiscal 2023 were $13.5 million compared with $14.2 million in the year earlier fiscal 2022 third quarter.
On a sequential quarter-to-quarter basis, the $11.6 million in fiscal 2023 third quarter Adjusted EBITDA Loss represents the second consecutive quarter of sequential quarter-to-quarter improvement in Adjusted EBITDA Loss.

Faraday Future Announces its Outline for October FF 91 2.0 Deliveries as Part of its Ongoing ‘Delivery Co-Creation Day’ Plan and Provides Business Update

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금요일, 9월 29, 2023

The Company also announced the continuation of its Co-Creation partnerships and outlined preliminary upcoming FF 91 2.0 Futurist Alliance deliveries for October as part of its ongoing ‘Delivery Co-Creation Day’ plans.

Key Points:

The Company also announced the continuation of its Co-Creation partnerships and outlined preliminary upcoming FF 91 2.0 Futurist Alliance deliveries for October as part of its ongoing ‘Delivery Co-Creation Day’ plans.
In the third quarter, the Company delivered its first three FF 91 2.0 Futurist Alliance vehicles and plans to continue deliveries going forward.
With approximately $3 billion invested into the Company to date, FF has delivered the FF 91 2.0 Futurist Alliance, which is truly an all-ability aiHypercar.
Users can preorder an FF 91 vehicle via the FF Intelligent App or through the Company’s website at:

D-Wave Reports Second Quarter Results

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목요일, 8월 10, 2023

Revenue: Revenue for the second quarter of fiscal 2023 was $1.7 million, an increase of $336,000, or 25%, from fiscal 2022 second quarter revenue of $1.4 million.

Key Points:

Revenue: Revenue for the second quarter of fiscal 2023 was $1.7 million, an increase of $336,000, or 25%, from fiscal 2022 second quarter revenue of $1.4 million.
Bookings1: Bookings for the second quarter of fiscal 2023 were $2.5 million, an increase of $1.5 million, or 146%, from fiscal 2022 second quarter bookings of $1.0 million.
Average Deal Size2: During the second quarter of fiscal 2023, D-Wave’s average deal size per booking increased by 136% when compared to the second quarter of fiscal 2022.
GAAP Gross Profit: GAAP gross profit for the second quarter of fiscal 2023 was $705,000, a decrease of $46,000, or 6%, from the second quarter of fiscal 2022 GAAP gross profit of $751,000, with the decrease due primarily to higher stock-based compensation expenses in cost of sales in the second quarter of fiscal 2023.

D-Wave Reports Preliminary Second Quarter Fiscal 2023 Revenue and Bookings

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금요일, 7월 21, 2023

Preliminary fiscal second quarter revenue is expected to be in a range of $1,650,000 to $1,800,000 compared with the FactSet analyst consensus estimate of $2,281,000 with the shortfall due primarily to the timing of revenue recognition on certain professional services contracts.

Key Points:

Preliminary fiscal second quarter revenue is expected to be in a range of $1,650,000 to $1,800,000 compared with the FactSet analyst consensus estimate of $2,281,000 with the shortfall due primarily to the timing of revenue recognition on certain professional services contracts.
Total bookings[1]for the fiscal second quarter ended June 30, 2023, were $2.5 million, an increase of $1.5 million, or 146%, from bookings of $1.0 million in the fiscal second quarter ended June 30, 2022.
For the first six months of fiscal 2023, bookings totaled $5.4 million, an increase of $3.7 million, or 209%, from bookings of $1.8 million in the first six months of fiscal 2022.
During the fiscal second quarter ended June 30, 2023, D-Wave’s average deal size[2]increased by 136% when compared to the fiscal second quarter ended June 30, 2022.