Income statement

Founders Advantage Achieves Record Quarterly Adjusted EBITDA and Net Profit at Q3-2020 Due to a Record Quarterly Performance by DLC

Retrieved on: 
Monday, November 23, 2020
Profit, Finance, Fundamental analysis, Money, Economy, Income, Income statement, Earnings before interest, taxes, depreciation and amortization, Net income

DLCs continued focus on broker retention, broker recruitment and expense management has contributed to the record results they achieved in Q3-2020.

Key Points: 
  • DLCs continued focus on broker retention, broker recruitment and expense management has contributed to the record results they achieved in Q3-2020.
  • Revenue, EBITDA, and funded volumes were the highest in DLCs history, which is a significant milestone, particularly during a global pandemic.
  • The results for the three and nine months ended September 30, 2019, reflect the segregation of AG as discontinued operations.
  • The discontinued operations are only included in net income (loss) and net income (loss) per common share.

Formula Systems Reports Third Quarter 2020 Financial Results

Retrieved on: 
Wednesday, November 18, 2020
Income, Income statement, Earnings before interest, taxes, depreciation and amortization, Finance, Money

Net income attributable to Formulas Shareholders for the third quarter increased by 29% year-over-year to a record breaking $12.6 million.

Key Points: 
  • Net income attributable to Formulas Shareholders for the third quarter increased by 29% year-over-year to a record breaking $12.6 million.
  • Financial Highlights for the Third Quarter Ended September 30, 2020
    Consolidated revenues for the third quarter increased by 8.5% to $487.3million.
  • As of September 30, 2020, Formula was in compliance with all of its financial covenants under the debenture series issued by Formula, based on the following achievements:
    Target equity attributable to Formulas shareholders (excluding non-controlling interests): above $215 million.
  • Actual ratio of net financial indebtedness to EBITDA (based on the accumulated calculation for the four recent quarters) is equal to 0.46.

C-Bond Systems Reports Record Quarterly Revenue and Positive Net Income for Q3 2020

Retrieved on: 
Tuesday, November 17, 2020
Income, Income statement

This distributor must purchase at least $1 million of the Companys disinfection products in 2021 to maintain exclusivity in India.

Key Points: 
  • This distributor must purchase at least $1 million of the Companys disinfection products in 2021 to maintain exclusivity in India.
  • The third quarter of 2020 was very significant for the Company as we achieved record quarterly revenue and repaid in full all outstanding convertible debt, said Scott R. Silverman, Chairman and Chief Executive Officer of C-Bond Systems.
  • For the three months ended September 30, 2020, other income, net, amounted to $1,145,854, compared to other expenses, net of $(408,417) for the three months ended September 30, 2019, a positive change of $1,554,271, or 380.6%.
  • This positive change was primarily attributable to an increase in gross profit, a decrease in operating expenses, and an increase in other income, net, as discussed above.

Canacol Energy Ltd. Reports an 11% Increase in Realized Contractual Gas Sales and a Net Income of $2.6 Million in Q3 2020

Retrieved on: 
Friday, November 13, 2020
Finance, Profit, Money, Economy, Fundamental analysis, Earnings before interest, taxes, depreciation and amortization, Private equity, Income statement, Amortization, Income tax in the United States, Depreciation, Income

This press release should be read in conjunction with the Corporations interim condensed consolidated financial statements and related Managements Discussion and Analysis.

Key Points: 
  • This press release should be read in conjunction with the Corporations interim condensed consolidated financial statements and related Managements Discussion and Analysis.
  • Canacol is a natural gas exploration and production company with operations focused in Colombia.
  • This press release contains certain forward-looking statements within the meaning of applicable securities law.
  • EBITDAX is defined as consolidated net income adjusted for interest, income taxes, depreciation, depletion, amortization, exploration expenses and other similar non-recurring or non-cash charges.

OSS Reports Q3 2020 Revenue up 12% to $13.0 Million Sequentially, Driving Net Income to $858,000 or $0.05 per Share

Retrieved on: 
Thursday, November 12, 2020
Profit, Income, Income statement, Cash and cash equivalents, Economy, Net income, Business, Money

Cash and cash equivalents totaled $5.5 million at September 30, 2020, up from $4.7 million at June 30, 2020, with current cash balances of approximately $5.4 million.

Key Points: 
  • Cash and cash equivalents totaled $5.5 million at September 30, 2020, up from $4.7 million at June 30, 2020, with current cash balances of approximately $5.4 million.
  • Non-GAAP net income totaled $773,000 or $0.05 per share, compared to non-GAAP net income of $1.0 million or $0.06 per diluted share.
  • In the third quarter of 2020, OSS core business contributed $9.0 million of revenue as compared to $9.7 million of revenue in the same year-ago period.
  • Net income on a GAAP basis totaled $858,000 or $0.05 per share in Q3 2020 compared to a net income of $545,000 or $0.03 per share in the year-ago period.

New York City REIT Announces Third Quarter 2020 Results

Retrieved on: 
Thursday, November 12, 2020
Professional services, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Income, Income statement, Real estate investment trust, FFO, GAAP, Funds from operations

A description of these non-GAAP measures and reconciliations to the most directly comparable GAAP measure, which is net income, is provided below.

Key Points: 
  • A description of these non-GAAP measures and reconciliations to the most directly comparable GAAP measure, which is net income, is provided below.
  • Consequently, our presentation of FFO and Core FFO may not be comparable to other similarly titled measures presented by other REITs.
  • In future periods, we may also exclude other items from Core FFO that we believe may help investors compare our results.
  • NOI excludes certain items included in calculating net income (loss) in order to provide results that are more closely related to a propertys results of operations.

Lifeloc Reports Third Quarter 2020 Results

Retrieved on: 
Wednesday, November 11, 2020
Income, Income statement, Net income

WHEAT RIDGE, Colo., Nov. 11, 2020 /PRNewswire/ --Lifeloc Technologies, Inc. (OTC: LCTC), a global leader in the development and manufacturing of breath alcohol and drug testing devices, has announced financial results for the third quarter and for the nine months ended September 30, 2020.

Key Points: 
  • WHEAT RIDGE, Colo., Nov. 11, 2020 /PRNewswire/ --Lifeloc Technologies, Inc. (OTC: LCTC), a global leader in the development and manufacturing of breath alcohol and drug testing devices, has announced financial results for the third quarter and for the nine months ended September 30, 2020.
  • Lifeloc posted quarterly net revenue of$1.555 millionresulting in a quarterly net loss of$213 thousand, or$(0.09)per diluted share.
  • These results compare to net revenue of$2.258 million and net income of$151 thousand, or$0.06per diluted share, in the third quarter of 2019.
  • Revenue for the current quarter declined 31% versus the third quarter last year.

Goodfood Delivers Positive EBITDA¹ and Net Income for a Second Quarter in a Row with Record Annual Revenues, Positive EBITDA¹ and a Reduced Net Loss for the Year

Retrieved on: 
Wednesday, November 11, 2020
Economy, Money, Finance, Profit, Fundamental analysis, Income statement, Earnings before interest, taxes, depreciation and amortization, Private equity, Amortization, Net income, International Financial Reporting Standards, Income

For the year ended August 31, 2020, the Company invested $10.2 million in fixed assets and intangible assets.

Key Points: 
  • For the year ended August 31, 2020, the Company invested $10.2 million in fixed assets and intangible assets.
  • As the Company is deemed an essential service in Canada, Goodfood has continued to operate without interruption.
  • The aforementioned direct costs incurred do not include any time spent by management throughout the crisis.
  • Goodfood's definition of the non-IFRS measures are as follows:
    EBITDA is defined as net income (loss) before net finance costs (income), depreciation and amortization and income tax.

New 2020 ezW2 gives ezPaycheck Payroll Software Users, Compatibility For Use in Both Products

Retrieved on: 
Wednesday, November 11, 2020
Accounting software, Income statement, Economy, Business software, Payroll, Paycheck, Software, AME Accounting Software, QuickBooks

The combined team of ezPaycheck payroll application and just released ezW2 2020 software makes it easier than ever to support both payroll and tax forms.

Key Points: 
  • The combined team of ezPaycheck payroll application and just released ezW2 2020 software makes it easier than ever to support both payroll and tax forms.
  • With the current discounted 2020 payroll application of $79, (Regularly $109) customers can easily afford both applications.
  • Download ezW2 2020 software today at: https://www.halfpricesoft.com/w2_software.asp
    Halfpricesoft.com is a leading provider of small business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, Accounting software, 1095 form software and ezACH direct deposit software.
  • Software from halfpricesoft.com is trusted by thousands of customers and will help small business owners simplify payroll processing and streamline business management.

Helping Employers Navigate New Payroll Tax and Fringe Benefits Regulations

Retrieved on: 
Tuesday, November 10, 2020
Income statement, Economy, Labor, Employment compensation, Human resource management, Certified Public Accountant, Payroll, Society for Human Resource Management, Taxation in the United States

Content will focus on Federal tax laws, as well as state specific updates for Illinois, Indiana and Missouri, corresponding with AAIM's and Insight CPAs' combined business service areas.

Key Points: 
  • Content will focus on Federal tax laws, as well as state specific updates for Illinois, Indiana and Missouri, corresponding with AAIM's and Insight CPAs' combined business service areas.
  • Professionals who attend the program are eligible for credits including HRCI 6.5 credits; SHRM 6.5 credits; and CPE 7.5 credits.
  • "The co-presented program will offer additional expertise and perspectives to help employers make sense of recent legislative changes due to COVID-19," said Phil Brandt, president and CEO of AAIM, a 120-year-old organization that helps employers streamline HR systems and payroll capabilities and optimize talent.
  • "While this will be AAIM's 34th annual Payroll Tax Update program, it will be one of the most important for employers and we're pleased to be partnering with Insight CPAs."