Stock dilution

Concerned Stockholder Group Issues Second Public Letter to Mitek Systems’ Board of Directors Regarding Necessary Capital Allocation, Governance and Operational Improvements

Retrieved on:

Wednesday, November 8, 2023

Professional Services, Finance, Partner, EBITDA, Share repurchase, Executive, Mitek Systems, Stock dilution, Cryptocurrency, Renewable energy

Yet, despite the removal of this overhang, the Company’s stock price continues to languish.

Key Points:

Yet, despite the removal of this overhang, the Company’s stock price continues to languish.
However, we believe that greater urgency is needed in addressing the remaining issues we have highlighted to the Board.
We contend that with a large share buyback to address Mitek’s significant undervaluation, the Board should then lay a framework for generating increased go-forward value per share.
Mitek’s fourth quarter earnings release provides an opportunity to set a new course for investors.

Tricon Reports Q3 2023 Results as Strong Property Fundamentals Continue

Retrieved on:

Tuesday, November 7, 2023

For the basis of presentation of the Company’s non-IFRS measures and reconciliations, refer to the “Non-IFRS Measures” section and Appendix A.

Key Points:

For the basis of presentation of the Company’s non-IFRS measures and reconciliations, refer to the “Non-IFRS Measures” section and Appendix A.
This moderation is attributed to persistently higher mortgage rates and ongoing economic uncertainty which have introduced a level of caution for homebuyers.
Core FFO for the third quarter of 2023 was $42.7 million, a decrease of $3.7 million or 8% compared to $46.4 million in the third quarter of 2022.
These items were partially offset by NOI growth in the SFR business and stronger results from U.S. residential developments.

Squarespace Announces Third Quarter 2023 Financial Results

Retrieved on:

Tuesday, November 7, 2023

NEW YORK, Nov. 7, 2023 /PRNewswire/ -- Squarespace, Inc. (NYSE: SQSP), the design-driven platform helping entrepreneurs build brands and businesses online, today announced results for the third quarter ended September 30, 2023.

Key Points:

NEW YORK, Nov. 7, 2023 /PRNewswire/ -- Squarespace, Inc. (NYSE: SQSP), the design-driven platform helping entrepreneurs build brands and businesses online, today announced results for the third quarter ended September 30, 2023.
Squarespace Refresh 2023, announced in October, marks one of the strongest years of product releases in our history."
Total bookings grew 18% year over year to $267.0 million in the third quarter, compared to $225.5 million in the third quarter 2022.
For the fourth quarter of fiscal year 2023, Squarespace currently expects:
Revenue of $261 million to $264 million, or year-over-year growth of 14% to 16%.

Silvercrest Asset Management Group Inc. Reports Q3 2023 Results

Retrieved on:

Thursday, November 2, 2023

Forgiveness, Eastern Time Zone, Earnings per share, EBITDA, GAAP, Net income, Bank statement, AUM, Marketing, Travel, Depreciation, City National Bank, Stock dilution, Class, Security (finance), Cryptocurrency, Reinsurance, Bank, Bookkeeping

Silvercrest’s discretionary assets under management decreased by $1.0 billion, or 4.7%, to $20.5 billion at September 30, 2023, from $21.5 billion at June 30, 2023.

Key Points:

Silvercrest’s discretionary assets under management decreased by $1.0 billion, or 4.7%, to $20.5 billion at September 30, 2023, from $21.5 billion at June 30, 2023.
Silvercrest’s total AUM decreased by $0.7 billion, or 2.2%, to $31.2 billion at September 30, 2023, from $31.9 billion at June 30, 2023.
Silvercrest Asset Management Group Inc.’s total equity was $83.6 million at September 30, 2023.
The Company will host a conference call on November 3, 2023, at 8:30 am (Eastern Time) to discuss these results.

Udemy Reports Third Quarter 2023 Results and Raises Full-Year Outlook

Retrieved on:

Thursday, November 2, 2023

Adjustment, Vii, EBITDA, Telephone, Net, GAAP, FX, Net income, Bank statement, Growth, Webcast, Depreciation, Investment, Udemy, Stock dilution, SECURE Act, Bookkeeping, Bank

SAN FRANCISCO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Udemy (Nasdaq: UDMY), a company dedicated to transforming lives through learning, today reported results for the three- and nine-month periods ended September 30, 2023.

Key Points:

Udemy's revenue guidance also assumes FX rates will remain constant for the remainder of the year.
Udemy will host a conference call and webcast at 2:00 p.m. PT / 5:00 p.m.
ET today, Thursday, November 2 to discuss its third quarter 2023 financial results and outlook.
A link to the live webcast and recorded replay of the conference call will be available on the “ Quarterly Results ” section of Udemy’s Investor Relations website at https://investors.udemy.com/ .

Papa Johns Announces Third Quarter 2023 Financial Results

Retrieved on:

Thursday, November 2, 2023

Retail, Restaurant, Bar, Food, Beverage, Environment, QSR, Domestic, Growth, PZZA, Stock dilution, International, Video game, Lynch

Papa John’s International, Inc. (NASDAQ: PZZA) (“Papa Johns®”) today announced financial results for the third quarter ended September 24, 2023.

Key Points:

Papa John’s International, Inc. (NASDAQ: PZZA) (“Papa Johns®”) today announced financial results for the third quarter ended September 24, 2023.
45 net unit openings in the third quarter driven by International growth; North America outlook remains solid but lowering 2023 development expectations to 245 to 260 net new units due to the dynamic geopolitical environment.
Global system-wide restaurant sales were $1.23 billion, a 5%(a) increase from the prior year third quarter.
“Strong execution by our teams and franchisees led to solid system-wide restaurant sales growth, transaction-led North America comp growth and improving North America restaurant-level margin in the third quarter,” said Rob Lynch, Papa Johns president and CEO.

The Marcus Corporation Reports Third Quarter Fiscal 2023 Results

Retrieved on:

Wednesday, November 1, 2023

The Marcus Corporation (NYSE: MCS) today reported results for the third quarter fiscal 2023 ended September 28, 2023.

Key Points:

The Marcus Corporation (NYSE: MCS) today reported results for the third quarter fiscal 2023 ended September 28, 2023.
“It was another strong quarter for The Marcus Corporation, with growth in revenue, operating income, net earnings and Adjusted EBITDA during the third quarter of fiscal 2023,” said Gregory S. Marcus, chairman, president and chief executive officer of The Marcus Corporation.
Revenue, operating income and Adjusted EBITDA for Marcus Theatres improved significantly in the third quarter and first three quarters of fiscal 2023 compared to the same periods in fiscal 2022.
The division reported Adjusted EBITDA of $26.7 million in the third quarter of fiscal 2023, an increase of 114.3% compared to the third quarter of fiscal 2022.

onsemi Third Quarter 2023 Results Exceed Expectations

Retrieved on:

Monday, October 30, 2023

GAAP and non-GAAP diluted share counts are based on either the previous quarter's average stock price or the stock price as of the last day of the previous quarter, whichever is higher.

Key Points:

GAAP and non-GAAP diluted share counts are based on either the previous quarter's average stock price or the stock price as of the last day of the previous quarter, whichever is higher.
We use these measures, together with GAAP measures, for internal managerial purposes and as a means to evaluate period-to-period comparisons.
However, we do not, and you should not, rely on non-GAAP financial measures alone as measures of our performance.
onsemi will host a conference call for the financial community at 9 a.m. Eastern Time (ET) on October 30, 2023 to discuss this announcement and onsemi’s 2023 third quarter results.

Radian Announces Third Quarter 2023 Financial Results

Retrieved on:

Wednesday, November 1, 2023

Purchase NIW decreased 18% in the third quarter of 2023 compared to the second quarter of 2023 and decreased 21% compared to the third quarter of 2022.

Key Points:

Purchase NIW decreased 18% in the third quarter of 2023 compared to the second quarter of 2023 and decreased 21% compared to the third quarter of 2022.
Refinances accounted for 1% of total NIW in the third quarter of 2023, compared to 1% in the second quarter of 2023, and 2% in the third quarter of 2022.
In the third quarter of 2023, Radian Guaranty paid an ordinary dividend to Radian Group of $100 million, bringing the total ordinary dividends paid from Radian Guaranty to Radian Group during the year to $300 million.
Radian will discuss third quarter 2023 financial results in a conference call tomorrow, Thursday, November 2, 2023, at 12:00 p.m. Eastern time.

Argentum Named to Inc.'s List of Founder-Friendly Investors for a Fourth Consecutive Year

Retrieved on:

Tuesday, October 31, 2023

Argentum, Partner (business rank), Growth, Safety, Inc., Investment, Stock dilution, Partnership, Record, Marketing, Cryptocurrency, Silver

NEW YORK, Oct. 31, 2023 /PRNewswire-PRWeb/ -- For a fourth consecutive year, Argentum has been named to Inc.'s list of Founder-Friendly Investors. Inc.'s annual list honors the private equity, venture capital, and debt firms that have been recognized by founders as trusted and collaborative partners that help drive growth, and have the best track records of success backing entrepreneurs.

Key Points:

NEW YORK, Oct. 31, 2023 /PRNewswire-PRWeb/ -- For a fourth consecutive year, Argentum has been named to Inc.'s list of Founder-Friendly Investors.
Inc.'s annual list honors the private equity, venture capital, and debt firms that have been recognized by founders as trusted and collaborative partners that help drive growth, and have the best track records of success backing entrepreneurs.
Argentum has served as a true extension of our team, playing a key role in helping us scale, accelerate our momentum, and build an industry leader."
"We continue to appreciate the support and recognition of our partnership-oriented approach by Inc. and entrepreneurs in naming us as a Founder Friendly Investor for a fourth consecutive year."