Forecasting

Bentley Systems Announces Fourth Quarter and Full Year 2023 Results and 2024 Financial Outlook

Retrieved on: 
Tuesday, February 27, 2024

Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced results for its fourth quarter and full year ended December 31, 2023, and its financial outlook for 2024.

Key Points: 
  • Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced results for its fourth quarter and full year ended December 31, 2023, and its financial outlook for 2024.
  • “Our financial outlook for 2024 reflects our confidence in sustaining consistent organic growth with comparable annual improvement in operating margin (including stock‑based compensation).
  • Our 2024 financial outlook is supported by continued favorable market conditions and the momentum of our growth initiatives.
  • Bentley Systems will host a live Zoom video webinar on February 27, 2024 at 8:15 a.m. EST to discuss results for its fourth quarter and full year ended December 31, 2023, and 2024 Financial Outlook.

Klaviyo Launches Klaviyo AI

Retrieved on: 
Tuesday, February 27, 2024

Klaviyo (NYSE: KVYO), the company that powers smarter digital relationships, today announced the launch of Klaviyo AI .

Key Points: 
  • Klaviyo (NYSE: KVYO), the company that powers smarter digital relationships, today announced the launch of Klaviyo AI .
  • “Today we’re excited to launch Klaviyo AI and empower our customers to leverage our full suite of AI capabilities and drive revenue.
  • Klaviyo AI automatically generates predictive insights for each profile based not only on individual spending behavior, but data across all Klaviyo customers.
  • “Klaviyo’s integrations and AI allow me to weave a very intricate web.”
    To get started with Klaviyo AI, visit https://www.klaviyo.com/features/ai .

MasterBrand Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Monday, February 26, 2024

MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”), the largest residential cabinet manufacturer in North America, today announced fourth quarter and full year 2023 financial results.

Key Points: 
  • MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”), the largest residential cabinet manufacturer in North America, today announced fourth quarter and full year 2023 financial results.
  • Net sales were $677.1 million, compared to $784.4 million in the fourth quarter of 2022, primarily due to lower volumes, driven by softer end-market demand.
  • Adjusted EBITDA1 was $85.8 million, compared to $97.8 million in the fourth quarter of 2022.
  • During the fourth quarter and full year 2023, the Company repurchased approximately 527 thousand shares of common stock and approximately 1.9 million shares of common stock, respectively.

Multi-Cancer Diagnostic Tests Market Outlook Report 2024: 2020-2023 Data and Compound Annual Growth Rate Projections Through 2028 - ResearchAndMarkets.com

Retrieved on: 
Monday, February 26, 2024

The "Multi-Cancer Diagnostic Tests: Global Market Outlook" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Multi-Cancer Diagnostic Tests: Global Market Outlook" report has been added to ResearchAndMarkets.com's offering.
  • This report aims to provide detailed market, technology and industry analyses to help readers quantify and qualify the market for multi-cancer diagnostic tests.
  • This report provides a complete review and analysis of the current multi-cancer diagnostic (MCD) test market and industry growth drivers and challenges.
  • The market is segmented into laboratory-developed tests and in-vitro diagnostic tests based on test type.

Smarter Grid Solutions and Generac Grid Services Collaboration

Retrieved on: 
Monday, February 26, 2024

Smarter Grid Solutions (SGS), a Mitsubishi Electric group company, is excited to announce its collaboration with Generac Grid Services (GGS) to offer the most comprehensive utility Distributed Energy Resource Management System (DERMS) solution in the market.

Key Points: 
  • Smarter Grid Solutions (SGS), a Mitsubishi Electric group company, is excited to announce its collaboration with Generac Grid Services (GGS) to offer the most comprehensive utility Distributed Energy Resource Management System (DERMS) solution in the market.
  • The SGS and GGS collaboration will help utilities generate operational and economic value in both distribution optimization and distributed asset control.
  • GGS’s Concerto platform will be offered as an integrated module of SGS’s Strata Grid Utility DERMS platform to coordinate responses from DER Aggregators.
  • “I am excited about the collaboration and to be working with a great team at Generac.

Itron and The Mobility House to Address Grid Constraints with First-of-its-Kind EV Fleet Electrification Program

Retrieved on: 
Friday, February 23, 2024

The first-of-its-kind program is designed to help utilities and grid operators address interconnection delays and infrastructure challenges associated with EV fleet electrification.

Key Points: 
  • The first-of-its-kind program is designed to help utilities and grid operators address interconnection delays and infrastructure challenges associated with EV fleet electrification.
  • With FIX, transportation electrification goals are achieved more quickly and at lower costs than traditional methods of distribution load assessments and infrastructure upgrades.
  • “As a result of widespread EV fleet adoption, utilities and grid operators are facing greater complexity related to grid preparedness,” said Don Reeves, senior vice president of Outcomes at Itron.
  • For more information, visit Itron’s booth #2200 at DISTRIBUTECH International from Feb. 27-29, 2024, in Orlando, Florida, or visit Itron’s EV Charging Management solution page .

Marin Software Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 22, 2024

Marin Software Incorporated (NASDAQ: MRIN) (“Marin”, "Marin Software" or the “Company”), a leading provider of digital marketing software for performance-driven advertisers and agencies, today announced financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Marin Software Incorporated (NASDAQ: MRIN) (“Marin”, "Marin Software" or the “Company”), a leading provider of digital marketing software for performance-driven advertisers and agencies, today announced financial results for the fourth quarter and full year ended December 31, 2023.
  • Launched our Google Sheets plugin, enabling Marin users to link Google Sheets to their Marin instance to leverage it as a data source and destination.
  • Fourth Quarter 2023 Financial Updates:
    Net revenues totaled $4.4 million, a year-over-year decrease of 16% when compared to $5.2 million in the fourth quarter of 2022.
  • Reconciliations of GAAP to non-GAAP financial measures have been provided in the financial statement tables included in this press release.

ON24 Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 22, 2024

ON24 (NYSE: ONTF), an intelligent engagement platform for B2B sales and marketing, today announced financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • ON24 (NYSE: ONTF), an intelligent engagement platform for B2B sales and marketing, today announced financial results for the fourth quarter and full year ended December 31, 2023.
  • GAAP Operating Loss was $12.2 million, compared to GAAP operating loss of $13.6 million in the fourth quarter of 2022.
  • Non-GAAP Operating Income was $0.2 million, compared to non-GAAP operating loss of $3.5 million in the fourth quarter of 2022.
  • Free cash flow was negative $2.0 million for the quarter, compared to negative $8.9 million in the fourth quarter of 2022.

Crisp Raises $50M in Series B Extension as CPG Brands Rapidly Adopt a Collaborative Commerce Approach for Sales, Marketing and Supply Chain Management

Retrieved on: 
Thursday, February 22, 2024

TriplePoint Capital LLC provided debt to refinance existing senior debt and to fund both operating activities and continued acquisitions.

Key Points: 
  • TriplePoint Capital LLC provided debt to refinance existing senior debt and to fund both operating activities and continued acquisitions.
  • Crisp previously raised a total of $60M in equity, bringing the total equity raised to $80M.
  • These insights enable brands and retailers to optimize the manufacturing, distribution, merchandising and marketing of CPG products through every retail channel.
  • We solve real problems and help CPG brands strengthen sales, marketing, and their relationships with retailers,” said Are Traasdahl, founder and CEO of Crisp.

Marketers Prepare for an AI Revolution: New Iterable Report Reveals Marketers Anticipate Drastic Shifts in Productivity and Expectations

Retrieved on: 
Thursday, February 22, 2024

The data reveals that AI adoption among marketers surpasses our initial expectations; an impressive 99% of marketers surveyed are currently using AI on a daily basis in some capacity, with 91% of marketers currently using AI in their jobs.

Key Points: 
  • The data reveals that AI adoption among marketers surpasses our initial expectations; an impressive 99% of marketers surveyed are currently using AI on a daily basis in some capacity, with 91% of marketers currently using AI in their jobs.
  • AI offers an incredible opportunity to liberate marketers from operational minutiae and tasks like data analysis and content creation,” said Adriana Gil Miner, Chief Marketing Officer of Iterable.
  • Notably, a substantial majority of marketers (67%) view AI as more than just a tool for efficiency and productivity; they see it as a technological revolution.
  • As customer expectations continue to increase , marketers are turning to AI to address and meet these growing demands.