Financial accounting

EnGold Corporate Update

Retrieved on: 
Wednesday, August 4, 2021
Financial markets, Finance, Money, Stock market, Legal documents, Corporate law, Consolidation, Financial accounting, CUSIP, Share, Stock certificate

Vancouver, British Columbia--(Newsfile Corp. - August 4, 2021) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) ("EnGold" or the "Company") reports that the Company's planned share consolidation (on a 10 for 1 basis) will become effective on Friday, August 6, 2021 (the "Effective Date").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - August 4, 2021) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) ("EnGold" or the "Company") reports that the Company's planned share consolidation (on a 10 for 1 basis) will become effective on Friday, August 6, 2021 (the "Effective Date").
  • The Company's common shares are expected to commence trading on a post-consolidation basis on the Effective Date under the new CUSIP/ISIN numbers 29330R308/CA29330R3080.
  • Following completion of the consolidation, the Company will have approximately 25,661,544 common shares issued and outstanding.
  • A letter of transmittal will be mailed to all registered shareholders with instructions on how to exchange their existing share certificates for new share certificates.

Joe Pasquino Named as Member of the Firm at Smolin, Lupin & Co.

Retrieved on: 
Wednesday, August 4, 2021
Accounting, Financial accounting

His industry focus centers on Technology, Startups, Real Estate, and Social Media Marketing.

Key Points: 
  • His industry focus centers on Technology, Startups, Real Estate, and Social Media Marketing.
  • Joe has significant experience in individual and business tax planning.
  • Joe is a graduate of Montclair State University and holds a Bachelor of Science in Business with a concentration in accounting.
  • About Smolin Lupin: Founded in 1947, the accounting practice of Smolin, Lupin & Co., P.A.

Accounting Seed Unveils New Financial Reporting Tool

Retrieved on: 
Wednesday, August 4, 2021
Corporate finance, Accounting, Financial accounting, Certified Public Accountant, Salesforce, Financial statement, Business

COLUMBIA, Md., Aug. 4, 2021 /PRNewswire/ --Top-rated accounting software,Accounting Seed, implements a new version of its Financial Reporter which is now fully implemented with the Salesforce Lightning user interface (UI).

Key Points: 
  • COLUMBIA, Md., Aug. 4, 2021 /PRNewswire/ --Top-rated accounting software,Accounting Seed, implements a new version of its Financial Reporter which is now fully implemented with the Salesforce Lightning user interface (UI).
  • Users can expect these financial reporting enhancements with the Lily Release:
    Reports with direct access into the Ledger Inquiry.
  • "Financial reporting is vital, and it's one of the many ways different departments interact with accounting data," said Director of Product Development, John Busteed.
  • Headquartered in Columbia, Maryland, Accounting Seed was founded in 2008 by Tony Zorc, a CPA and former CFO who believed in a better way to do accounting.

Skyline Champion Announces First Quarter Fiscal 2022 Results

Retrieved on: 
Tuesday, August 3, 2021
Building Systems, Manufacturing, Other Manufacturing, Residential Building & Real Estate, Construction & Property, Financial accounting, Fiscal year, BlackBerry Limited, Companies, Corporate finance

Skyline Champion Corporation (NYSE: SKY) (Skyline Champion) today announced financial results for its first quarter ended July 3, 2021 for the fiscal year ending April 2, 2022 (fiscal 2022).

Key Points: 
  • Skyline Champion Corporation (NYSE: SKY) (Skyline Champion) today announced financial results for its first quarter ended July 3, 2021 for the fiscal year ending April 2, 2022 (fiscal 2022).
  • Net sales for the first quarter fiscal 2022 increased 86.7% to $510.2 million compared to the prior-year period.
  • Gross profit increased by 106.5% to $111.5 million in the first quarter fiscal 2022 compared to the prior-year period.
  • Adjusted EBITDA for the first quarter fiscal 2022 increased by 178.2% to $62.7 million compared to the first quarter fiscal 2021, primarily driven by an increase in net sales.

ManifestSeven Reports Financial Results for Second Quarter Fiscal Year 2021

Retrieved on: 
Saturday, July 31, 2021
Financial accounting, Fiscal year

IRVINE, Calif., July 30, 2021 /PRNewswire/ -- ManifestSeven Holdings Corporation (CSE: MSVN; OTCMKTS: MNFSF) ("M7" or the "Company"), California's first integrated omnichannel platform for legal cannabis, today announced financial results for its fiscal second quarter ended May 31, 2021. M7's second-quarter financial results reflect the continued demand for the Company's integrated regulated operations—its business-to-business and direct-to-consumer divisions, respectively, Highlanders Distribution and Weden—which seamlessly integrate the cannabis supply chain directly with end-users in major metropolitan markets throughout California.

Key Points: 
  • IRVINE, Calif., July 30, 2021 /PRNewswire/ -- ManifestSeven Holdings Corporation (CSE: MSVN; OTCMKTS: MNFSF) ("M7" or the "Company"), California's first integrated omnichannel platform for legal cannabis, today announced financial results for its fiscal second quarter ended May 31, 2021.
  • Generated consolidated revenue of $3.8 million during the second fiscal quarter, in line with consolidated revenue of $3.8 million during the first fiscal quarter.
  • Reported consolidated gross profit of $1.2 million during the second first quarter, representing an increase of 10% from $1.1 million during the first fiscal quarter.
  • The Company's gross profit margin increased from 30% during the first fiscal quarter to 33% during the second fiscal quarter, with gross profit margin for the Company's regulated segment increasing from 30% to 34% quarter-over-quarter.

GSI Technology, Inc. Reports First Quarter Fiscal 2022 Results

Financial accounting, Fiscal year

SigmaQuad sales were 63.6% of first quarter shipments compared to 46.3% in the first quarter of fiscal 2021 and 52.9% for the previous quarter.

Key Points: 
  • SigmaQuad sales were 63.6% of first quarter shipments compared to 46.3% in the first quarter of fiscal 2021 and 52.9% for the previous quarter.
  • Total operating expenses in the first quarter of fiscal 2022 were $9.1 million, compared to $8.7 million in the first quarter of fiscal 2021 and $9.1 million in the prior quarter.
  • First quarter fiscal 2022 operating loss was $(4.4 million) compared to $(5.7 million) in the prior year period and $(5.3 million) in the prior quarter.
  • First quarter fiscal 2022 net loss was $(4.2 million) compared to a net loss of $(6.1 million) in the first quarter of fiscal year 2021 and $(5.0 million) in the fourth quarter of fiscal 2021.

Spire Global, Inc. Announces Preliminary First Half 2021 Selected Financial Results, Provides Updated Guidance for 2021

Retrieved on: 
Thursday, July 29, 2021
Maritime, Air, Technology, Satellite, Transport, Other Technology, Accounting, Financial statements, Financial accounting, Generally Accepted Accounting Principles, U.S. Securities and Exchange Commission, Generally Accepted Accounting Practice, GAAP, Finance, Financial services, Auditing, Auditor's report, Spire Global, NavSight Holdings, Inc., SPIRE GLOBAL, NAVSIGHT HOLDINGS, INC.

The selected, estimated preliminary financial results set forth are unaudited and should be considered preliminary and subject to change.

Key Points: 
  • The selected, estimated preliminary financial results set forth are unaudited and should be considered preliminary and subject to change.
  • Accordingly, you should not place undue reliance on this preliminary data, which may differ materially from the final results.
  • These preliminary results should not be viewed as a substitute for Spires full financial statements for the six months ended June 30, 2021 prepared in accordance with U.S. generally accepted accounting principles (GAAP).
  • This preliminary financial data included in this announcement has been prepared by, and is the responsibility of, Spire's management.

New Report From The Visual Lease Data Institute Reveals Urgent Action Needed for Private Companies to Comply With Lease Accounting Standard ASC 842

Retrieved on: 
Thursday, July 29, 2021
Residential Building & Real Estate, Building Systems, Commercial Building & Real Estate, Construction & Property, Data management, Manufacturing, Technology, Accounting, Professional services, Other Technology, REIT, Other Manufacturing, Software, Architecture, Other Construction & Property, Accounting, Financial accounting, Leasing, Visual Lease, The Visual Lease Data Institute, VISUAL LEASE, THE VISUAL LEASE DATA INSTITUTE

The report reveals that despite 100% of respondents acknowledging the many benefits that lease accounting can bring, 75% are not yet compliant.

Key Points: 
  • The report reveals that despite 100% of respondents acknowledging the many benefits that lease accounting can bring, 75% are not yet compliant.
  • This report marks the first release under The Visual Lease Data Institute , a collection of market-leading data, trends and insights on lease accounting, management and optimization created and curated by Visual Lease.
  • It excludes public sector organizations and governmental entities, which have to comply with a similar lease accounting standard.
  • The Visual Lease Data Institute is a collection of market-leading data, trends and insights on lease accounting, management and optimization created and curated by Visual Lease, provider of the #1 lease optimization software.

Media Advisory - CAE's FY2021 virtual Annual Meeting of Shareholders and FY2022 first quarter financial results conference call

Retrieved on: 
Friday, July 30, 2021
Financial accounting, Fiscal year

Management will review the activities of fiscal year 2021 and present the financial results for the first quarter of fiscal year 2022 ended June30, 2021.A conference all specific to CAE's FY2022 first quarter financial results conference call will be held at 1:30 pm ET.

Key Points: 
  • Management will review the activities of fiscal year 2021 and present the financial results for the first quarter of fiscal year 2022 ended June30, 2021.A conference all specific to CAE's FY2022 first quarter financial results conference call will be held at 1:30 pm ET.
  • The Annual Meeting of Shareholders will be held virtually via a live webcast available at: cae.com/investors/ or at https://web.lumiagm.com/435570391 The webcast will be archived following the event.
  • Media availability: Marc Parent, CAE's President and Chief Executive Officer will be available to answer questions from the media following the Annual Meeting of Shareholders, at 12:00 p.m.
  • CAE will also release its fiscal year 2022 first quarter financial results on Wednesday, August 11, 2021.

Xcelerate Completes Audit of Consolidated Annual Financial Statements

Retrieved on: 
Thursday, July 29, 2021
Accounting, Auditing, Financial services, Financial statements, Financial accounting, Audit, Certified Public Accountant

MAULDIN, S.C., July 29, 2021 /PRNewswire/ --Xcelerate, Inc. (OTC Pink Sheets: "XCRT") today announced the completion of the audit of its Consolidated Annual Financial Statements for the fiscal years ending December 31, 2019, and December 31,2020.

Key Points: 
  • MAULDIN, S.C., July 29, 2021 /PRNewswire/ --Xcelerate, Inc. (OTC Pink Sheets: "XCRT") today announced the completion of the audit of its Consolidated Annual Financial Statements for the fiscal years ending December 31, 2019, and December 31,2020.
  • As previously announced, an independent auditor and PCOAB registered accounting firm, BF Borgers CPA PC, completed the audit of the Company's financial statements within the guidelines of Generally Accepted Accounting Principles (GAAP).
  • The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.
  • For more information about Xcelerate, Inc. please visit company's website; www.xcelerate.global .