Earnings before interest, taxes, depreciation, and amortization

Mohawk Group Announces Preliminary May 2020 Net Revenue Increased Approximately 105%

Thursday, June 4, 2020 - 1:00pm

COMPANY NOW EXPECTS ADJUSTED EBITDA PROFITABILITY FOR SECOND QUARTER OF 2020, AHEAD OF PRIOR SCHEDULE

Key Points: 
  • COMPANY NOW EXPECTS ADJUSTED EBITDA PROFITABILITY FOR SECOND QUARTER OF 2020, AHEAD OF PRIOR SCHEDULE
    NEW YORK, June 04, 2020 (GLOBE NEWSWIRE) -- Mohawk Group Holdings, Inc. (NASDAQ: MWK), the technology-enabled consumer products company, today announced preliminary net revenue for the month of May 2020 increased approximately 105% compared to the same period in 2019.
  • Based on the Company's strong performance in May, Mohawk Group now expects to achieve positive Adjusted EBITDA in the second quarter of 2020, ahead of its previous schedule.
  • In addition, the Company now expects to achieve positive Adjusted EBITDA for the three months ending June 30, 2020.
  • Investor Contacts: Ilya Grozovsky, Mohawk Group ilya@mohawkgp.com 917-905-1699 Brendon Frey, ICR brendon.frey@icrinc.com 203-682-8200 Media Contact: Jessica Liddell, ICR 203-682-8200 MohawkPR@icrinc.com

KLX Energy Services Reports Financial Results for First Quarter Ended April 30, 2020; Comments on Pending Merger With Quintana Energy Services, Inc. And Ongoing Cost Reduction Initiatives

Thursday, June 4, 2020 - 9:00am

First quarter ended April 30, 2019 Northeast/Mid-Con segment revenues of $24.8 million increased by $0.8 million, or 3.3 percent.

Key Points: 
  • First quarter ended April 30, 2019 Northeast/Mid-Con segment revenues of $24.8 million increased by $0.8 million, or 3.3 percent.
  • Adjusted Operating Loss was $(5.0) million and Adjusted EBITDA and Adjusted EBITDA margin were $0.4 million and 1.6 percent, respectively.
  • As of April 30, 2020, cash on hand was approximately $126 million and increased $2.1 million on a sequential quarterly basis.
  • For the three months ended April 30, 2020, net cash flow provided by operations was $7.0 million and free cash flow was $2.2 million.

Rémy Cointreau: 2019/20 Annual Results (April 2019 – March 2020)

Thursday, June 4, 2020 - 6:30am

Although the gross margin rose by one percentage point, structure costs and increased communication investment to support the autumn 2019 launch of the new Rmy Martin Team Up for Excellence campaign weighed on profitability.

Key Points: 
  • Although the gross margin rose by one percentage point, structure costs and increased communication investment to support the autumn 2019 launch of the new Rmy Martin Team Up for Excellence campaign weighed on profitability.
  • The Liqueurs & Spirits division was down 3.0% in the year on an organic basis (down 1.0% on a reported basis).
  • As a result, Current Operating Profit came in at negative 1.7 million, compared with positive 4.9 million in the year to 31 March 2019.
  • The net debt/EBITDA ratio nevertheless remained at a reasonable level (1.86, compared with 1.19 at the end of March 2019).

Stingray Reports Fourth Quarter 2020 Results

Wednesday, June 3, 2020 - 11:00pm

Our fourth quarter results reflect some impact of COVID-19.

Key Points: 
  • Our fourth quarter results reflect some impact of COVID-19.
  • Considering the initial impact of COVID-19 on Radio revenues, we are pleased with our consolidated fourth quarter results as Adjusted EBITDA increased 25.9% to $28.2 million, stated Eric Boyko, President, Co-founder, and CEO of Stingray.
  • The dividend will be payable on or around June 15, 2020, to shareholders on record as of May 29, 2020.
  • The dividend will be payable on or around March 16, 2020, to shareholders on record as of February 28, 2020.

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.

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Groupon, Inc. Investors (GRPN)

Monday, June 1, 2020 - 9:43pm

Groupon investors have until June 29, 2020 to file a lead plaintiff motion.

Key Points: 
  • Groupon investors have until June 29, 2020 to file a lead plaintiff motion.
  • On February 18, 2020, Groupon reported fourth quarter 2019 sales of $612.3 million, a nearly 23% decline over the prior year period.
  • The Companys adjusted EBITDA for fiscal 2019 was reported at $227.2 million, a significant miss from its November 2019 forecast of $270 million.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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.

DGAP-News: KPS INCREASES SALES IN FIRST HALF-YEAR 2019/2020

Friday, May 29, 2020 - 7:01am

In the reporting period, KPS achieved EBITDA amounting to 13.1 million Euros (year-earlier period: 13.2 million Euros).

Key Points: 
  • In the reporting period, KPS achieved EBITDA amounting to 13.1 million Euros (year-earlier period: 13.2 million Euros).
  • Until the outbreak of the coronavirus pandemic in March, KPS had been broadening the scope of investments into its future growth via several sales and marketing initiatives.
  • Without the additional sales and marketing initiatives, the adjusted EBITDA would have surpassed the comparable previous year's figure.
  • KPS is one of the few consulting partners who advise their clients end-to-end and integrate ERP, B2B and B2C commerce with Marketing & Sales processes.

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.