Profit

Parkway Acquisition Corp. Announces Second Quarter 2020 Results

Friday, August 7, 2020 - 9:05pm

Net income was $1.1 million in the second quarter of 2020, compared to $1.7 million in the second quarter of 2019.

Key Points: 
  • Net income was $1.1 million in the second quarter of 2020, compared to $1.7 million in the second quarter of 2019.
  • Earnings per share were $0.18 in the second quarter of 2020, compared to $0.28 in the second quarter of 2019.
  • Net interest margin ("NIM") was 3.95% for the second quarter 2020, compared to 4.28% in the first quarter of 2020, and 4.54% in the second quarter of 2019.
  • Income tax expense totaled $258 thousand for the second quarter of 2020 compared to $411 thousand for the second quarter of 2019.

Construction Partners, Inc. Announces Fiscal 2020 Third Quarter Results

Friday, August 7, 2020 - 12:00pm

DOTHAN, Ala., Aug. 7, 2020 /PRNewswire/ --Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, today reported financial and operating results for its third fiscal quarter ended June 30, 2020.

Key Points: 
  • DOTHAN, Ala., Aug. 7, 2020 /PRNewswire/ --Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, today reported financial and operating results for its third fiscal quarter ended June 30, 2020.
  • Results for the quarter included revenues of $217.0 million, gross profit of $36.5 million, net income of $15.7 million, and adjusted EBITDA(1) of $31.9 million.
  • Project backlog at June 30, 2020 was $651.2 million, compared to $579.1 million at March 31, 2020 and $581.1 million at June 30, 2019.
  • The Company will conduct a conference call today at 9:00 a.m. Central Time to discuss financial and operating results for the quarter ended June 30, 2020.

Parkland reports second quarter financial and operating results with Adjusted EBITDA of $191 million

Thursday, August 6, 2020 - 11:07pm

Highlights from the second quarter (three months) include:

Key Points: 
  • Highlights from the second quarter (three months) include:
    Adjusted EBITDA attributable to Parkland ("Adjusted EBITDA") of $191 million.
  • Our financial and operating performance through the second quarter demonstrates the flexibility and resilience of our diversified business model.
  • Second quarter highlights include:
    Adjusted EBITDA of $93 million, an increase of $22 million relative to 2019.
  • Adjusted EBITDA expense of $18 million, which includes MG&A costs and minor foreign exchange impacts during the quarter.

Verra Mobility Announces Second Quarter 2020 Financial Results

Thursday, August 6, 2020 - 9:05pm

MESA, Ariz., Aug. 6, 2020 /PRNewswire/ --Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today financial results for the three and six months ended June 30, 2020.

Key Points: 
  • MESA, Ariz., Aug. 6, 2020 /PRNewswire/ --Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today financial results for the three and six months ended June 30, 2020.
  • Revenue: Total revenue for the second quarter of 2020 was $79.8 million, down 27.2% compared to $109.6 million for the second quarter of 2019.
  • Adjusted EBITDA: Adjusted EBITDA was $27.6 million for the second quarter of 2020, compared to $59.7 million in the same period last year.
  • Verra Mobility will host a conference call and a live webcast to discuss financial results for investors and analysts at 3:00 p.m. Mountain Time (5:00 p.m. Eastern Time) on August 6, 2020.

Sensus Healthcare Reports Second Quarter 2020 Financial Results

Thursday, August 6, 2020 - 9:02pm

Revenues for the second quarter of 2020 were $1.2 million, compared with $7.5 million for the second quarter of 2019.

Key Points: 
  • Revenues for the second quarter of 2020 were $1.2 million, compared with $7.5 million for the second quarter of 2019.
  • Selling and marketing expense for the second quarter of 2020 was $1.2 million, compared with $2.0 million for the second quarter of 2019.
  • General and administrative expense for the second quarter of 2020 was $0.9 million, compared with $1.0 million for the second quarter of 2019.
  • Adjusted EBITDA for the second quarter of 2020 was negative $2.3 million, compared with $0.4 million for the second quarter of 2019.

CV Sciences, Inc. Reports Second Quarter 2020 Financial Results

Thursday, August 6, 2020 - 9:05pm

SAN DIEGO, Aug. 06, 2020 (GLOBE NEWSWIRE) -- CV Sciences, Inc. (OTCQB:CVSI) (the Company, CV Sciences, our, us or we), a preeminent supplier and manufacturer of hemp cannabidiol (CBD) products, today announced its financial results for the quarter ended June 30, 2020.

Key Points: 
  • SAN DIEGO, Aug. 06, 2020 (GLOBE NEWSWIRE) -- CV Sciences, Inc. (OTCQB:CVSI) (the Company, CV Sciences, our, us or we), a preeminent supplier and manufacturer of hemp cannabidiol (CBD) products, today announced its financial results for the quarter ended June 30, 2020.
  • Sales for the second quarter of 2020 were $5.4 million, a decrease of 68% from $16.9 million in the second quarter of 2019.
  • The Company had negative adjusted EBITDA for the second quarter of 2020 of $3.2 million, compared to adjusted EBITDA of$3.6 million for the second quarter of 2019.
  • This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties.

Giga-tronics Reports Results for First Quarter FY 2021

Thursday, August 6, 2020 - 9:02pm

DUBLIN, Calif., Aug. 06, 2020 (GLOBE NEWSWIRE) -- Giga-tronics Incorporated (OTCQB: GIGA) (the Company) today reported results for its first fiscal quarter ended June 27, 2020.

Key Points: 
  • DUBLIN, Calif., Aug. 06, 2020 (GLOBE NEWSWIRE) -- Giga-tronics Incorporated (OTCQB: GIGA) (the Company) today reported results for its first fiscal quarter ended June 27, 2020.
  • The Company recorded EBITDA of $252,000 for the first quarter compared to EBITDA of $304,000 for the same quarter in fiscal 2020.
  • John Regazzi, CEO of the Company said, We are pleased to report 35% overall sequential growth over the fourth quarter and a return to profitability during our first quarter of fiscal 2021.
  • This was a solid quarter for us given the constraints presented by the COVID-19 pandemic and its significant adverse impact on our fourth quarter and full fiscal 2020 results.

SIFCO Industries, Inc. (“SIFCO”) Announces Third Quarter Fiscal 2020 Financial Results

Thursday, August 6, 2020 - 9:05pm

SIFCO Industries, Inc. (NYSE American: SIF) today announced financial results for its third quarter of fiscal 2020, which ended June 30, 2020.

Key Points: 
  • SIFCO Industries, Inc. (NYSE American: SIF) today announced financial results for its third quarter of fiscal 2020, which ended June 30, 2020.
  • Net sales in the third quarter of fiscal 2020 increased 11.7% to $27.8 million, compared with $24.9 million for the same period in fiscal 2019.
  • EBITDA was $4.3 million in the third quarter of fiscal 2020, compared with $(5.6) million in the third quarter of fiscal 2019.
  • Adjusted EBITDA in the third quarter of fiscal 2020 was $2.8 million, compared with Adjusted EBITDA of $(0.5) million in the third quarter of fiscal 2019.

Dorchester Minerals, L.P. Announces Second Quarter Results

Thursday, August 6, 2020 - 7:19pm

The Partnership previously declared its second quarter distribution in the amount of $0.226318 per common unit payable on August 13, 2020 to common unit holders of record as of August 3, 2020.

Key Points: 
  • The Partnership previously declared its second quarter distribution in the amount of $0.226318 per common unit payable on August 13, 2020 to common unit holders of record as of August 3, 2020.
  • The Partnerships cash distributions are not comparable to its net earnings due to timing and other differences including depletion.
  • Dorchester Minerals, L.P. is a Dallas based owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located in 27 states.
  • Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected.

Pinnacle Bankshares Corporation Announces Net Income for the First Half of 2020

Thursday, August 6, 2020 - 6:00pm

Net income generated during the first half of 2020 represents a $1,554,000, or 58% decrease as compared to the same time period of the prior year, which was mainly driven by higher noninterest expense and lower net interest income.

Key Points: 
  • Net income generated during the first half of 2020 represents a $1,554,000, or 58% decrease as compared to the same time period of the prior year, which was mainly driven by higher noninterest expense and lower net interest income.
  • Excluding merger-related expenses of $678,000, adjusted net income after tax was $1,651,000 for the first half of 2020.
  • The provision for loan losses was $226,000 for the first half of 2020 as compared to $1,000 for the first half of 2019.
  • Noninterest income for the first half of 2020 increased $271,000 or approximately 12% to $2,539,000 from $2,268,000 for the first half of 2019.