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Eltek Reports 2020 First Quarter Financial Results

Tuesday, June 2, 2020 - 12:30pm

Eltek specializes in the manufacture and supply of complex and high quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market.

Key Points: 
  • Eltek specializes in the manufacture and supply of complex and high quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market.
  • The Company reports financial results in accordance with U.S. GAAP and herein provides some non-GAAP measures, including EBITDA.
  • These non-GAAP measures are intended to supplement the Company's presentation of its financial results that are prepared in accordance with GAAP.
  • Reconciliation between the company's results on a GAAP and non-GAAP basis is provided in a table below.

Cansortium Inc. Announces Further Progress on Strategic Initiatives

Monday, June 1, 2020 - 11:13pm

The Company has completed the sale of its non-core Canadian assets, previously announced on December 17, 2019.

Key Points: 
  • The Company has completed the sale of its non-core Canadian assets, previously announced on December 17, 2019.
  • Neal Hochberg, Executive Chairman of the Board of Cansortium, noted, "We continue to make important progress on the Company's strategic plan.
  • The Company calculates EBITDA from net income (loss), plus (minus) interest expense (income), plus income taxes, plus depreciation and amortization.
  • Cansortium has developed strong proficiencies in each of cultivation, processing, retail, and distribution activities, the result of successfully operating in the highly regulated cannabis industry.

EnerSys Reports Fourth Quarter and Full Year Fiscal 2020 Results

Monday, June 1, 2020 - 9:52pm

READING, Pa., June 01, 2020 (GLOBE NEWSWIRE) -- EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today results for its fourth quarter and full year of fiscal 2020, which ended on March 31, 2020.

Key Points: 
  • READING, Pa., June 01, 2020 (GLOBE NEWSWIRE) -- EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today results for its fourth quarter and full year of fiscal 2020, which ended on March 31, 2020.
  • Excluding these highlighted items, adjusted Net earnings per diluted share for the fourth quarter of fiscal 2020, on a non-GAAP basis, were $1.11.
  • Net sales for the fourth quarter of fiscal 2020 were $781.8 million, a decrease of 2% from the prior year fourth quarter net sales of $796.6 million and a 2% sequential quarterly increase from the third quarter of fiscal 2020 net sales of $763.7 million.
  • The Companys operating results for its business segments for the fourth quarters of fiscal 2020 and 2019 are as follows:

DGAP-News: GK Software - Successful I. Quarter 2020 - Sales and EBIT shows Significant Increase over Previous Year

Friday, May 29, 2020 - 7:07pm

Quarter 2020 - Sales and EBIT shows Significant Increase over Previous Year

Key Points: 
  • Quarter 2020 - Sales and EBIT shows Significant Increase over Previous Year
    The issuer is solely responsible for the content of this announcement.
  • Earnings before taxes and depreciation: EUR 3.26 million
    The figures released today show that GK Software SE can report an extremely successful first quarter in 2020.
  • Turnover reached 29.02 million Euros with a significant increase in sales volume of 18.2 percent (2019 = 24.56 million Euros).
  • The Management Board believes that the company is on track to meet its medium-term forecast for 2020 in terms of both sales and operating results.

DGAP-News: HÖRMANN Industries publishes financial results for Q1 2020

Friday, May 29, 2020 - 1:09pm

EBITDA reaches EUR 3.2 million, EBIT at EUR 0.3 million

Key Points: 
  • EBITDA reaches EUR 3.2 million, EBIT at EUR 0.3 million
    Kirchseeon, 29 May 2020 - HRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2TSCH) today published its financial results for the first three months of 2020.
  • Furthermore, business performance in the automotive industry was also severely strained by the spread of COVID-19 starting in mid-March 2020.
  • By contrast, sales in the Engineering (Q1 2020: EUR 27.9 million, previous year: EUR 10.4 million) and Communication (Q1 2020: EUR 27.0 million, previous year: EUR 25.1 million) divisions performed very well, offsetting some of the decline.
  • The actual results for the 2020 financial year at HRMANN Industries GmbH may therefore differ from the figures forecast.

Laurentian Bank Financial Group reports second quarter 2020 results

Friday, May 29, 2020 - 12:30pm

Three months ended April 30, 2020 financial performance

Key Points: 
  • Three months ended April 30, 2020 financial performance
    Net income was $8.9 million and diluted earnings per share were $0.13 for the second quarter of 2020, compared with $43.3 million and $0.95for the second quarter of 2019.
  • Adjusted net income was $11.9 million for the second quarter of 2020, down76% from $48.7million for the second quarter of 2019, while adjusted diluted earnings per share were $0.20, down 81% compared with $1.08 for the second quarter of 2019.
  • Total revenue remained relatively stable at $240.1 million for the second quarter of 2020, compared to $239.9 million for the second quarter of 2019.
  • For the second quarter of 2020, amortization of net premium on purchased financial instruments amounted to $0.2million, compared with $0.4million for the second quarter of 2019.

TerrAscend Reports First Quarter Net Sales of $34.8 Million and Adjusted EBITDA of $4.9 Million

Friday, May 29, 2020 - 1:33am

Additionally, TerrAscend holds a Medical Cannabis Processor License in the State of Utah.

Key Points: 
  • Additionally, TerrAscend holds a Medical Cannabis Processor License in the State of Utah.
  • Certain financial measures in this news release are non-IFRS measures, including Pro forma revenue, EBITDA and Adjusted EBITDA.
  • Adjusted EBITDA is a non-IFRS measure which management uses to evaluate the performance of the Company's business as it reflects its ongoing profitability.
  • Except as required by applicable Canadian securities laws, TerrAscend undertakes no obligation to update the financial outlook.

ZAGG Inc Reports First Quarter 2020 Results

Thursday, May 28, 2020 - 9:05pm

As a result of ongoing disruption and uncertainty related to the global COVID-19 pandemic, ZAGG previously withdrew its first quarter and full-year 2020 outlook.

Key Points: 
  • As a result of ongoing disruption and uncertainty related to the global COVID-19 pandemic, ZAGG previously withdrew its first quarter and full-year 2020 outlook.
  • A conference call will be held today, May28, 2020, at 5:00 p.m. Eastern Standard Time to review these results.
  • This press release includes Adjusted EBITDA and gross profit (and corresponding gross profit margin) excluding March 2020 inventory write-downs.
  • Accordingly, its use can make it difficult to compare current results with results from other reporting periods and with the financial results of other companies.

FAT Brands Inc. Reports First Quarter 2020 Financial Results and Provides Business Updates Related To COVID-19

Thursday, May 28, 2020 - 9:05pm

Brands Inc. (NASDAQ: FAT) (FAT Brands or the Company) today reported fiscal first quarter 2020 financial results for the 13-week period ending March 29, 2020 and provided an update on the business as it relates to the COVID-19 pandemic.

Key Points: 
  • Brands Inc. (NASDAQ: FAT) (FAT Brands or the Company) today reported fiscal first quarter 2020 financial results for the 13-week period ending March 29, 2020 and provided an update on the business as it relates to the COVID-19 pandemic.
  • Excluding advertising revenues, revenues were $3.5 million, down from $3.9 million in the first quarter of 2019.
  • The reconciliation of EBITDA to Adjusted EBITDA can be found in the accompanying financial tables.
  • FAT Brands will host a conference call and webcast to discuss its fiscal first quarter 2020 financial results today at 5:00 PM ET.

Zoomd Reports Q1 2020 Results

Thursday, May 28, 2020 - 1:30pm

Management uses this non-IFRS measure as a key metric in the evaluation of the Company's performance and the consolidated financial results.

Key Points: 
  • Management uses this non-IFRS measure as a key metric in the evaluation of the Company's performance and the consolidated financial results.
  • The Company believes Adjusted EBITDA is useful to investors in their assessment of the operating performance and the valuation of the Company.
  • Further, Zoomd is a performance-based platform that allows advertisers to advertise to the relevant target audiences using a key performance indicator-algorithm that is focused on achieving the advertisers' goals and targets.
  • There can be no assurance that any of the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.