Asset

Neonode Reports 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024
System, Marketing, Growth, NEON, Asset, TSM, FINANCIAL, Q2

STOCKHOLM, Sweden, Feb. 28, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) today reported financial results for the fiscal year ended December 31, 2023.

Key Points: 
  • STOCKHOLM, Sweden, Feb. 28, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) today reported financial results for the fiscal year ended December 31, 2023.
  • Cash and accounts receivable of $17.1 million as of December 31, 2023 compared to $16.3 million for the prior year-end.
  • FINANCIAL OVERVIEW FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023
    Net revenues for fiscal 2023 were $4.4 million, a 21.5% decrease compared to 2022.
  • Net loss attributable to Neonode for fiscal 2023 was $10.1 million, or $0.66 per share, compared to a net loss of $4.9 million, or $0.36 per share for 2022.

Neonode Reports 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024
System, Marketing, Growth, NEON, Asset, TSM, FINANCIAL, Q2

STOCKHOLM, Sweden, Feb. 28, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) today reported financial results for the fiscal year ended December 31, 2023.

Key Points: 
  • STOCKHOLM, Sweden, Feb. 28, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) today reported financial results for the fiscal year ended December 31, 2023.
  • Cash and accounts receivable of $17.1 million as of December 31, 2023 compared to $16.3 million for the prior year-end.
  • FINANCIAL OVERVIEW FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023
    Net revenues for fiscal 2023 were $4.4 million, a 21.5% decrease compared to 2022.
  • Net loss attributable to Neonode for fiscal 2023 was $10.1 million, or $0.66 per share, compared to a net loss of $4.9 million, or $0.36 per share for 2022.

Zetrix and Web3Labs launch Zetrix Global Accelerator Programme

Retrieved on: 
Monday, February 19, 2024
Politics, HKSAR, ETF, ESG, Government, CPPCC, Conference, Legislative council, Ecosystem, Ng, Summer capital, Task force, Policy, Movement, Asset, Partnership

PETALING JAYA, Malaysia, Feb. 19, 2024 /PRNewswire/ -- Zetrix, a leading layer-1 public blockchain platform by MY E.G. Services Berhad ("MYEG"), and Web3Labs Hong Kong, a Web3 development and investment powerhouse, today launched the Zetrix Global Accelerator Programme to incubate and nurture promising Web3 startups from all over the world with ecosystem support from Hong Kong's progressive Virtual Asset (VA) ecosystem. The programme will open for applications in early March 2024, and successful applicants will be announced during the 2024 Hong Kong Web3 Festival, scheduled for 6-9 April, 2024.

Key Points: 
  • The partners of the programme, namely Zetrix, Web3Labs, and Summer Capital, will also work towards securing regulatory approval for exchange-traded funds (ETFs) that are partially backed by tokens issued by participants in this programme.
  • The launch of this accelerator follows an announcement in January that Zetrix, Web3Labs, and venture capital firm Summer Capital would form a strategic collaboration to establish Zetrix as the preferred blockchain infrastructure for Hong Kong government-aligned applications.
  • As part of this initiative, a dedicated Global Accelerator Programme will incubate and nurture promising startups building applications on the Zetrix platform.
  • Benefiting from a partnership with Web3Labs, the programme leverages Web3Labs' robust ecosystem network to facilitate connections with investment institutions, corporate partners, and industry experts.

Zetrix and Web3Labs launch Zetrix Global Accelerator Programme

Retrieved on: 
Monday, February 19, 2024
Politics, HKSAR, ETF, ESG, Government, CPPCC, Conference, Legislative council, Ecosystem, Ng, Summer capital, Task force, Policy, Movement, Asset, Partnership, Cryptocurrency

PETALING JAYA, Malaysia, Feb. 18, 2024 /PRNewswire/ -- Zetrix, a leading layer-1 public blockchain platform by MY E.G. Services Berhad ("MYEG"), and Web3Labs Hong Kong, a Web3 development and investment powerhouse, today launched the Zetrix Global Accelerator Programme to incubate and nurture promising Web3 startups from all over the world with ecosystem support from Hong Kong's progressive Virtual Asset (VA) ecosystem. The programme will open for applications in early March 2024, and successful applicants will be announced during the 2024 Hong Kong Web3 Festival, scheduled for 6-9 April, 2024.

Key Points: 
  • The partners of the programme, namely Zetrix, Web3Labs, and Summer Capital, will also work towards securing regulatory approval for exchange-traded funds (ETFs) that are partially backed by tokens issued by participants in this programme.
  • The launch of this accelerator follows an announcement in January that Zetrix, Web3Labs, and venture capital firm Summer Capital would form a strategic collaboration to establish Zetrix as the preferred blockchain infrastructure for Hong Kong government-aligned applications.
  • As part of this initiative, a dedicated Global Accelerator Programme will incubate and nurture promising startups building applications on the Zetrix platform.
  • Benefiting from a partnership with Web3Labs, the programme leverages Web3Labs' robust ecosystem network to facilitate connections with investment institutions, corporate partners, and industry experts.

Federal Home Loan Bank of Des Moines Announces 2023 Fourth Quarter and Annual Results, Declares Dividend

Retrieved on: 
Friday, February 16, 2024
Expense, Federal Home Loan Banks, Investment, Bank, Growth, AHP, Organization, Capital, Housing, Asset

In addition, the Bank increased its activity stock requirement on advances from 4.00 percent to 4.50 percent.

Key Points: 
  • In addition, the Bank increased its activity stock requirement on advances from 4.00 percent to 4.50 percent.
  • The Board of Directors approved a fourth quarter 2023 dividend to be paid at an annualized rate of 9.00 percent on average activity-based stock, an increase of 0.50 percent from the prior quarter, and 3.55 percent on average membership stock, an increase of 0.55 percent from the prior quarter.
  • Dividend payments totaling $136 million are expected to be paid on February 23, 2024.
  • Net Income - The Bank recorded net income of $962 million in 2023 compared to $430 million in the prior year.

Zinnia to Acquire Ebix Inc.’s Life and Annuity Software Assets, Continuing Its Mission to Deliver Solutions that Simplify Insurance and Power Industry Growth

Retrieved on: 
Friday, February 16, 2024
Finance, Professional Services, Technology, Insurance, Software, Acquisition, Sidley Austin, Jefferies Group, RBC Capital Markets, TPP, Growth, Life, Annuity, AlixPartners, Huron Consulting Group, CRM, Policy, Citigroup, LLP, Asset

Zinnia Corporate Holdings (“Zinnia” or “the Company”), an Eldridge business and leading life and annuity insurance technology services company, today announced it will acquire the Life and Annuity Assets (the “L&A Assets”) of Ebix, Inc. (“Ebix”), a supplier of software solutions.

Key Points: 
  • Zinnia Corporate Holdings (“Zinnia” or “the Company”), an Eldridge business and leading life and annuity insurance technology services company, today announced it will acquire the Life and Annuity Assets (the “L&A Assets”) of Ebix, Inc. (“Ebix”), a supplier of software solutions.
  • “The acquisition of the Ebix Life and Annuity Assets is transformative for Zinnia,” said Michele Trogni, Zinnia Chief Executive Officer.
  • Ash Sawhney, President of Ebix Insurance Solutions North America, will join Zinnia heading up the newly formed Life and Annuity Exchange Solutions business, reporting to Trogni.
  • Joining him will be members of the Ebix Life and Annuity senior leadership team and all L&A employees globally.

Pinnacle Bankshares Corporation Announces Record High 2023 Earnings

Retrieved on: 
Thursday, February 15, 2024
First National Bank, Federal Home Loan Banks, Town, Bank, City, CECL, Sale, Nature, Habit, ACL, Asset, Uncertainty, Capital, OTCQX, Liquidity, Housing, Insurance, Accounting

Net income for the year ended December 31, 2023 was a record high $9,762,000, or $4.45 per basic and diluted share.

Key Points: 
  • Net income for the year ended December 31, 2023 was a record high $9,762,000, or $4.45 per basic and diluted share.
  • Fourth Quarter & 2023 Highlights include the following:
    Record High 2023 Net Income of $9,762,000 surpassed the previous annual record high net income of $8,242,000 achieved in 2022.
  • “We are very pleased to report Pinnacle’s record high earnings for 2023,” stated Aubrey H. Hall, III, President and Chief Executive Officer for both the Company and the Bank.
  • Pinnacle Bankshares Corporation is a locally managed community banking organization based in Central and Southern Virginia.

Blueprint Capital Presents the Diversity, Equity and Inclusive Capitalism Power100 ("DEIC Power100")

Retrieved on: 
Thursday, February 15, 2024
Asset, DEI, Education, Investment, Angel, Conference, Diversity, Health, Equity, Organization, GP, Partnership, Capitalism, TIAA, Publication, Management

NEWARK, N.J., Feb. 15, 2024 /PRNewswire/ -- Blueprint Capital Advisors LLC ("Blueprint" or the "Firm"), a $1.7 billion registered investment advisor focused on alternative investment funds and diverse manager consulting, today announced the establishment of the Diversity, Equity and Inclusive Capitalism Power100 List ("DEIC Power100"). The DEIC Power100 is a first-of-its-kind list that will recognize individuals and firms in alternative asset management that are delivering exemplary investment results, demonstrating industry leadership and contributing positively to closing gender, wealth, health, education, and other social and economic equity gaps that provide alpha opportunities while simultaneously moving the industry in the direction of inclusive capitalism.

Key Points: 
  • NEWARK, N.J., Feb. 15, 2024 /PRNewswire/ -- Blueprint Capital Advisors LLC ("Blueprint" or the "Firm"), a $1.7 billion registered investment advisor focused on alternative investment funds and diverse manager consulting, today announced the establishment of the Diversity, Equity and Inclusive Capitalism Power100 List ("DEIC Power100").
  • They have invested in companies of underrepresented founders and owners of diverse-led companies, and driven inclusion at the board and at staff levels.
  • It is our hope that the DEIC Power100 becomes an institution and community that continues to acknowledge and celebrate positive leadership and applauds collaboration towards a common vision of diversity, equity, and inclusive capitalism.
  • Blueprint Capital is today also announcing the DEIC Power100 Icons category honorees.

Tredway Appoints New Associate to Investments Team

Retrieved on: 
Tuesday, February 13, 2024
Cornell University, School of Hotel Administration, Capital One, LIHTC, School, Asset, Partnership

NEW YORK, Feb. 13, 2024 /PRNewswire/ -- Tredway , an affordable and mixed-income real estate developer that builds and preserves high-quality, high-opportunity housing, today announced that Justin Crell has joined its New York City-based team in the role of Investment Associate.

Key Points: 
  • NEW YORK, Feb. 13, 2024 /PRNewswire/ -- Tredway , an affordable and mixed-income real estate developer that builds and preserves high-quality, high-opportunity housing, today announced that Justin Crell has joined its New York City-based team in the role of Investment Associate.
  • "Justin possesses a keen knowledge of the complexities of the affordable housing space and significant asset management expertise, which will enhance our growing team," said Will Blodgett, CEO & Founder of Tredway.
  • Justin primarily served as the firm's Asset Manager overseeing the day-to-day execution of a 700,000 square foot repositioning in Manhattan's Midtown South.
  • Justin started his career at Capital One, where he spent five years as an Agency Finance underwriter on the affordable housing team.

Imperial Petroleum Inc. Reports Fourth Quarter and Twelve Months 2023 Financial and Operating Results

Retrieved on: 
Tuesday, February 13, 2024
Depreciation, Share repurchase, IMPP, Sale, Calendar, Net income, Series, Suezmax, Dry dock, Aframax, Interest, EPS, Asset, Shipbuilding

ATHENS, Greece, Feb. 13, 2024 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (NASDAQ: IMPP, the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2023.

Key Points: 
  • ATHENS, Greece, Feb. 13, 2024 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (NASDAQ: IMPP, the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2023.
  • Drydocking costs for the three months ended December 31, 2023 and 2022 were $2.5 million and $1.9 million, respectively.
  • EBITDA for the three months ended December 31, 2023 amounted to $8.0 million, while Adjusted EBITDA for the three months ended December 31, 2023 amounted to $8.7 million.
  • EBITDA for the twelve months ended December 31, 2023 amounted to $82.8 million while Adjusted EBITDA for the twelve months ended December 31, 2023 amounted to $86.0 million.