Income

OLB Group Reports Record Revenue in First Quarter 2022 on eCommerce Fintech Services and Bitcoin Cryptocurrency Mining

Retrieved on: 
Monday, May 16, 2022
Technology, Finance, Security, Other Energy, Banking, Professional Services, Energy, Data Management, Retail, Online Retail, Omni, Interest, Income, Company, Computer, Natural gas, EBITDA, Private Securities Litigation Reform Act, Depreciation, Environment, News, Form 10-K, Tax, ASICS, Financial technology, COVID-19, Mining, Industry, E-commerce, Regulation, Securities Act of 1933, Securities Exchange Act of 1934, Intention, Compliance, GAAP, SEC, CRM, Risk, Achievement, Cryptocurrency, Security (finance), Bitcoin, Technology, Finance, Security, Other Energy, Banking, Professional Services, Energy, Data Management, Retail, Online Retail

Company eCommerce revenue run rate is anticipated to increase from $10 million to more than $36 million on an annual basis.

Key Points: 
  • Company eCommerce revenue run rate is anticipated to increase from $10 million to more than $36 million on an annual basis.
  • To see a complete version of the Companys Quarterly Report on Form 10-Q please click on the following link:
    Interested investors or shareholders can be notified of future Press releases and Industry Updates by e-mailing: [email protected]
    The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise.
  • The Company's eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution to over 10,500 merchants in all 50 states.
  • DMint, a wholly owned subsidiary of OLB Group, is engaged in the mining of Bitcoin utilizing sustainable natural gas with an initial deployment of efficient 1,000 ASIC-based S19j Pro 96T mining computers projected by end of 2021.

Allego, a Leading Pan-European Public EV Fast Charging Network, Exceeds Revenue and Operational EBITDA Targets for 2021; First Quarter of 2022 Operating Dynamics Remain Robust

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Monday, May 16, 2022
Other Transport, Public Transport, Technology, Alternative Vehicles, Fuels, Automotive, General Automotive, Transport, Other Automotive, Electronic Design Automation, Cloud, ICE, Income, Urbanization, Company, Population, EBITDA, City, Bev Facey Community High School, File, Coronavirus, Solution, Contract, COVID-19, Accounting, EVS, EV, HBE, Sale, Carrefour, BEV, Kilowatt-hour, CO2, Growth, NYSE, Annual report, Pharmaceutical industry, Renewable energy, Nissan, EU, European

Charging revenue grew 75% to 26.1 million, driven by higher utilization rates as the fallout from COVID-19 abated and an increased installed base.

Key Points: 
  • Charging revenue grew 75% to 26.1 million, driven by higher utilization rates as the fallout from COVID-19 abated and an increased installed base.
  • In comparison, Allego had about 22,000 public charging ports and approximately 10,800 public and non-public sites at the end of 2020.
  • Importantly, Allegos network delivered 83GWh of clean, 100% renewable energy to EV drivers in 2021, a 77% increase from 2020.
  • Furthermore, with high urbanization rates leading to the scarcity of private charging, the demand for public fast EV charging within Allegos core Europe markets will remain elevated.

Trio-Tech Reports Nine Month Net Income of $0.38 Per Share Versus $0.10 on 39% Increase in Revenue; Third Quarter Revenue Increased 37%

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Monday, May 16, 2022
Technology, Networks, Hardware, Semiconductor, Novation Companies, Income, Knowledge, Company, International, Private Securities Litigation Reform Act, Electronics, Policy, NYSE MKT, Government, COVID-19, Institute of Internal Auditors, Securities Act of 1933, Securities Exchange Act of 1934, Industry, Devaluation, NYSE, Compliance, Board, Terminology, Technology, Board of directors, SECURE Act of 2019, CFO, Yong, COVID, CEO, Pharmaceutical industry, Security (finance), Director

Revenue for the third fiscal quarter increased 37% to $11,138,000 from $8,112,000 for the same quarter of fiscal 2021.

Key Points: 
  • Revenue for the third fiscal quarter increased 37% to $11,138,000 from $8,112,000 for the same quarter of fiscal 2021.
  • Testing services revenue increased 26% to $4,417,000 from $3,504,000 a year ago.
  • Total other income was $96,000, compared to $248,000 in the same quarter last year.
  • This compares to net income of $178,000, or $0.04 per diluted share, including non-cash stock compensation expenses of $129,000, for the same quarter last year.

Mill City Ventures III, Ltd. Reports Quarterly Results

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Monday, May 16, 2022
Income, NASDAQ, Private Securities Litigation Reform Act, Growth, OTCQB, Forward-looking statement, Real estate, Bank

"We have achieved our ninth record quarter for both income and earnings from our lending operations, " said Chief Executive Officer Douglas M. Polinsky.

Key Points: 
  • "We have achieved our ninth record quarter for both income and earnings from our lending operations, " said Chief Executive Officer Douglas M. Polinsky.
  • In addition, the company continues to work with its counsel and NASDAQ to acquire a listing on the exchange.
  • Mill City continues exploring potential opportunities in real estate bridge loans, title loans, insurance claims, litigation financing and business acquisitions.
  • About Mill City Ventures III, Ltd.
    Mill City Ventures III, Ltd., is a short-term non-bank lending and specialty finance company.

SurgePays Announces First Quarter 2022 Financial Results

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Monday, May 16, 2022
Business, Internet, Income, Company, EBITDA, International, Depreciation, SURG, U.S. Securities and Exchange Commission, Nasdaq, Telecommunication, ACP, Tax, Digital divide, Nature, COVID-19, Adjustment, Securities Act of 1933, Securities Exchange Act of 1934, Industry, Net income, Forward-looking statement, Program, Terminology, Technology, GAAP, Growth, Security (finance), Annual report, GLOBE, Mobile phone, Video game, Bookkeeping

BARTLETT, Tenn., May 16, 2022 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (SurgePays or the Company), a technology and telecommunications company focused on the underbanked and underserved, today announced its financial results for the first quarter ended March 31, 2022.

Key Points: 
  • BARTLETT, Tenn., May 16, 2022 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (SurgePays or the Company), a technology and telecommunications company focused on the underbanked and underserved, today announced its financial results for the first quarter ended March 31, 2022.
  • Chairman and CEO Brian Cox commented on first quarter results, The first quarter demonstrated the progress were making.
  • For the full year 2022, the Company expects to achieve the following financial targets:
    Total revenues of at least $130 million.
  • SurgePays will host a conference call today to review its results and discuss its performance at 9:00 a.m.

FOOTHILLS EXPLORATION INC. PROVIDES UAS (Unmanned Aerial System) JOINT VENTURE UPDATE

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Monday, May 16, 2022
Hydrogen, Helium, Income, Risk, Company, Private Securities Litigation Reform Act, News, Bank, OTC Markets Group, OTC, Review, Bank of America, HHE, Research, Weather, UAV, Perception, Forward-looking statement, Renewable energy, Unmanned aerial vehicle, Movement, Foothills, Electrolysis, Acquisition, CA, GLOBE, Risk management, Oil

LOS ANGELES, CA, May 16, 2022 (GLOBE NEWSWIRE) -- Foothills Exploration, Inc. (OTC: FTXP) ("Foothills" or the "Company"), an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow is pleased to announce an update on its joint venture with Perspectum Drone Inspection Services, Ltd. (Perspectum).

Key Points: 
  • LOS ANGELES, CA, May 16, 2022 (GLOBE NEWSWIRE) -- Foothills Exploration, Inc. (OTC: FTXP) ("Foothills" or the "Company"), an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow is pleased to announce an update on its joint venture with Perspectum Drone Inspection Services, Ltd. (Perspectum).
  • Natural hydrogen exploration is gaining momentum globally as demand for low-cost carbon-free hydrogen continues to grow exponentially.
  • The Company plans to start marketing the joint ventures drone reconnaissance services for the delineation of the lands contained in these 18 exploration concessions.
  • HHe expects to be in the field testing the sensor detection and mapping software in the coming days.

Reliance Global Group Achieves 82% Increase in Revenue for the First Quarter of 2022

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Monday, May 16, 2022
Senior, Income, Company, Private Securities Litigation Reform Act, U.S. Securities and Exchange Commission, Nasdaq, Insurance, NASDAQ, Marketing, Artificial intelligence, Efficiency, Life, Compliance, Acquisition, Growth, Security (finance), CEO, GLOBE, Risk management, Operation

LAKEWOOD, NJ, May 16, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), which combines artificial intelligence (AI) and cloud-based technologies with the personalized experience of a traditional insurance agency, provided a business update today and reported financial results for the first quarter ended March 31, 2022. 

Key Points: 
  • Ezra Beyman, CEO of Reliance Global Group, commented, We continue to execute on our business growth strategy, as evidenced by an 82% increase in revenue to $4.2 million for the first quarter of 2022.
  • Most recently, we completed the acquisition of Barra & Associates, a recognized provider of property and casualty, life and health insurance.
  • The $1.9 million increase was primarily due to expanded operations, including the additional insurance agencies acquired during 2021 and 2022.
  • Reliance Global Group, Inc. (NASDAQ: RELI, RELIW) is combining advanced technologies, with the personalized experience of a traditional insurance agency model.

Gracell Biotechnologies Reports First Quarter 2022 Unaudited Financial Results and Provides Corporate Update

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Monday, May 16, 2022
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ET today

Key Points: 
  • ET today
    SAN DIEGO, Calif. and SUZHOU and SHANGHAI, China, May 16, 2022 (GLOBE NEWSWIRE) -- Gracell Biotechnologies Inc. (NASDAQ: GRCL) (Gracell or Company), a global clinical-stage biopharmaceutical company dedicated to discovering and developing highly efficacious and affordable cell therapies for the treatment of cancer, today reported first quarter unaudited financial results for the three months ended March 31, 2022, and provided corporate updates.
  • Plan to submit the U.S. and China IND filings for RRMM in the second half of 2022.
  • First-in-human data from China IIT study in B-ALL patients were presented at AACR on April 12, 2022.
  • Gracell specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise.

Identity and Access Management Cyber-Security Provider BIO-key’s Q1 Revenue Improved to $1.9M, Driven by 205% Increase in Software License Fees; Investor Call Today at 10am ET

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Monday, May 16, 2022
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BIO-keys revenue improved 3% to $1.94M in Q122 from $1.89M in Q121 and 108% from $935K in Q4 2021 driven by a $981,000 increase in software license fees year over year.

Key Points: 
  • BIO-keys revenue improved 3% to $1.94M in Q122 from $1.89M in Q121 and 108% from $935K in Q4 2021 driven by a $981,000 increase in software license fees year over year.
  • Expanding PortalGuard Penetration with Local Government Customers, including New Deployments in Missouri , New Mexico , New York , South Dakota and Texas counties and municipalities.
  • BIO-key CEO Michael DePasquale commented, As anticipated, we are off to a solid start in Q122, with software license sales increasing 205% year-over-year and 168% over Q421.
  • Approximately 70% of the lower end of this guidance range relates to contracted recurring software license revenue.

Dynacor Reports a Quarterly Record Net Income of $5.1 Million in Q1-2022 (US$0.13 or CA$0.16 Per Share) and Sales of $50.1 Million

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Monday, May 16, 2022
Income, EBITDA, Corporation, DNG, Mission statement, Gold, Tax, TSX, Sale, IFRS, MD, GLOBE, Mobile phone, Security (finance)

Dynacor completed the three-month period ended March 31, 2022 (Q1-2022) with quarterly sales of $50.1 million and a record net income of $5.1 million (US$0.13 per share) compared to sales of $40.9 million and a net income of $2.1 million (US$0.05 per share) for the first quarter of 2021 (Q1-2021).

Key Points: 
  • Dynacor completed the three-month period ended March 31, 2022 (Q1-2022) with quarterly sales of $50.1 million and a record net income of $5.1 million (US$0.13 per share) compared to sales of $40.9 million and a net income of $2.1 million (US$0.05 per share) for the first quarter of 2021 (Q1-2021).
  • This reversal impacted favorably and significantly the Q1-2022 current and deferred tax expenses and accordingly the Corporations Q1-2022 net income.
  • Dynacor recorded a net income of $5.1 million in Q1-2022 ($0.13 or CA$0.16 per share) compared to $2.1 million ($0.05 or CA$0.06 per share) in Q1-2021;
    Increase of 22.5% in Sales.
  • Gross operating margin of $7.5 million (15.0% of sales) in Q1-2022, compared to $5.3 million (13.0% of sales) in Q1-2021;
    Increased operating income.