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AWH ANNOUNCES Q3 2023 FINANCIAL RESULTS

Retrieved on:

Tuesday, November 7, 2023

Achieved $141.3M Net Revenue in Q3 2023, a 27.0% Increase Year-Over-Year and 14.9% Increase Quarter-Over-Quarter

Key Points:

Achieved $141.3M Net Revenue in Q3 2023, a 27.0% Increase Year-Over-Year and 14.9% Increase Quarter-Over-Quarter
Reported $29.5 million in Adjusted EBITDA, a 38.5% Quarter-Over-Quarter Improvement
Generates $24 million in Cash from Operations1; Positive for Third Consecutive Quarter
Generates $13 million in Free Cash Flow1; First Quarter Positive
NEW YORK, Nov. 7, 2023 /PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH" or the "Company" or "Ascend") (CSE: AAWH.U) (OTCQX: AAWH), a vertically integrated multi-state cannabis operator focused on bettering lives through cannabis, today reported its financial results for the three months ending September 30, 2023 ("Q3 2023").
Financial results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and all currency is in U.S. dollars.
Total Q3 2023 general and administrative ("G&A") expenses were $40.0 million, compared to $36.3 million in the prior quarter.
ET to discuss its financial results for the quarter ended September 30, 2023.

MISTRAS Announces Third Quarter 2023 Results

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Thursday, November 2, 2023

PRINCETON JUNCTION, N.J., Nov. 02, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, reported financial results for its third quarter and nine months ended September 30, 2023.

Key Points:

Gross profit margin was up 210 basis points sequentially from the second quarter of 2023, driven by an improved revenue mix.
Selling, general and administrative expenses (“SG&A”) in the third quarter of 2023 were $39.5 million, down 3.0% compared to $40.8 million in the third quarter of 2022 and were also down 4.7% sequentially from the second quarter of 2023, as a result of the ongoing implementation of Project Phoenix.
Performance by certain segments during the third quarter was as follows:
North America segment (Referred to as “Services” in prior filings) third quarter 2023 revenue was $148.8 million, down 2.6% from $152.8 million in the prior year quarter.
International segment third quarter 2023 revenue was $31.0 million, up 20.6% from $25.7 million in the prior year quarter inclusive of favorable foreign currency exchange.

Fubo Exceeded Guidance in Q3 2023 With $313 Million Total Revenue, up 43% Year-Over-Year, and Record 1.477 Million Paid Subscribers in North America; Raises Full Year 2023 Outlook

Retrieved on:

Friday, November 3, 2023

Fubo achieved double digit growth versus the prior year in North America, delivering $313 million total revenue (up 43% year-over-year) and a record 1.477 million paid subscribers (up 20% year-over-year), meaningfully exceeding third quarter 2023 guidance.

Key Points:

Fubo achieved double digit growth versus the prior year in North America, delivering $313 million total revenue (up 43% year-over-year) and a record 1.477 million paid subscribers (up 20% year-over-year), meaningfully exceeding third quarter 2023 guidance.
The Company delivered $30.3 million in North America ad revenue during the quarter, an increase of 34% year-over-year.
Notably, Fubo expanded average revenue per user (ARPU) in North America by 17% year-over-year to a record $83.51 during the quarter.
In the Rest of World (ROW), Fubo delivered $8.4 million total revenue (up 45% year-over-year) and 411,000 paid subscribers (up 15% year-over-year).

Quad Reports Third Quarter and Year-to-Date 2023 Results

Retrieved on:

Tuesday, October 31, 2023

Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “Company”), today reported results for the third quarter ended September 30, 2023.

Key Points:

Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “Company”), today reported results for the third quarter ended September 30, 2023.
Increased Net Cash Provided by Operating Activities by $71 million for the nine months ended September 30, 2023, compared to the same period in 2022.
Increased Free Cash Flow by $61 million for the nine months ended September 30, 2023, compared to the same period in 2022, including $27 million of Free Cash Flow generation in the third quarter of 2023.
Net Loss — Net Loss was $3 million in the third quarter of 2023 compared to Net Earnings of $14 million in the third quarter of 2022.

OYO Reports its first net profit at RM9 million

Retrieved on:

Thursday, October 12, 2023

In a letter to the company's top management, founder Ritesh Agarwal shared that Q2 FY2024 has turned out to be company's maiden profitable quarter with profit after tax (PAT) of over RM9 million (approx).

Key Points:

In a letter to the company's top management, founder Ritesh Agarwal shared that Q2 FY2024 has turned out to be company's maiden profitable quarter with profit after tax (PAT) of over RM9 million (approx).
Agarwal, during an employee town hall earlier this year, also shared that OYO expects to clock Adjusted EBITDA of nearly RM455 million in FY2024.
Its Adjusted Gross Profit Margin rose to 43% of revenue, and its Adjusted Gross Profit increased by 23% to RM1333 million in FY23 from RM1088 million in FY22.
Recently, global ratings agency Moody's (Moody's Investors Service) shared that it expects OYO to remain EBITDA positive for FY24.

Hot Chili Signs Binding Letter of Intent for Option to Acquire Cometa Project in Chile

Retrieved on:

Monday, August 28, 2023

The PEA is intended to be read as a whole, and sections should not be read or relied upon out of context.

Key Points:

The PEA is intended to be read as a whole, and sections should not be read or relied upon out of context.
The technical information in this news release is subject to the assumptions and qualifications contained in the PEA.
The PEA was compiled by Wood Australia Pty Ltd with contributions from a team of independent qualified persons (within the meaning of NI 43-101).
These performance measures should not be considered in isolation as a substitute for measures of performance in accordance with IFRS.

EQS-News: HY 2023: SBO with high profitability and double-digit growth

Retrieved on:

Thursday, August 24, 2023

Net liquidity remained high at MEUR 24.5 and the gearing ratio was at minus 5.7 %.

Key Points:

Net liquidity remained high at MEUR 24.5 and the gearing ratio was at minus 5.7 %.
Gerald Grohmann, CEO of SBO: “Our performance in the first half of this year demonstrates our financial and operational strength.
Our high liquidity and cashflow generation demonstrate our financial strength and provide a solid base for continued growth," says SBO CEO Gerald Grohmann.
In the long term, SBO aims to generate around 50 % of its sales mainly in sustainable energy technologies.

EQS-News: Schoeller-Bleckmann Oilfield Equipment AG:

Retrieved on:

Tuesday, August 22, 2023

Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed in the leading index ATX of the Vienna Stock Exchange, continued its strong growth in the first half of 2023 following the excellent year 2022.

Key Points:

Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed in the leading index ATX of the Vienna Stock Exchange, continued its strong growth in the first half of 2023 following the excellent year 2022.
The SBO Group’s business is divided into two segments: Advanced Manufacturing & Services (AMS) and Oilfield Equipment (OE).
Capital expenditure on property, plant and equipment and intangible assets (excluding right of use assets) amounted to MEUR 17.3 (1-6/2022: MEUR 13.8).
For the second half of 2023 and beyond, the oilfield service industry is looking optimistically towards the future.

Sterling Reports Second Quarter 2023 Results

Retrieved on:

Tuesday, August 8, 2023

Borrowing base, Sterling, Public expenditure, Growth, Capital expenditure, EBITDA, Free cash flow, Adjustment, Cash flow, GAAP, Bookkeeping, Bank, Socrates

INDEPENDENCE, Ohio, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling” or “the Company”) a leading global provider of technology-enabled background and identity verification services, today announced financial results for the second quarter ended June 30, 2023.

Key Points:

Revenue for the second quarter of 2023 was $190.4 million, a decrease of $15.2 million, or 7.4%, compared to $205.6 million for the second quarter of 2022, which was a Company record for quarterly revenue.
Sterling ended the second quarter of 2023 with a net leverage ratio of 2.4x net debt to Adjusted EBITDA.
For the six months ended June 30, 2023, Sterling generated net cash provided by operating activities of $32.9 million, compared to $33.3 million for the prior year period.
For the six months ended June 30, 2023, Sterling had $23.7 million of Free Cash Flow, compared to $22.4 million of Free Cash Flow for the prior year period.

Aramark Reports Third Quarter Earnings

Retrieved on:

Tuesday, August 8, 2023

In the third quarter, Aramark proactively refinanced the Company's 2025 Term Loan B, totaling $1.1 billion, that extended the debt maturity by more than five years, to June 2030, as previously disclosed.

Key Points:

In the third quarter, Aramark proactively refinanced the Company's 2025 Term Loan B, totaling $1.1 billion, that extended the debt maturity by more than five years, to June 2030, as previously disclosed.
Aramark has made significant progress related to the operational, regulatory, and financial logistics to complete the spin-off of the Uniforms segment.
Aramark Uniform Services plans to host an Analyst Day on September 13, 2023, to review its strategic plan and next phase of value creation.
Aramark raised its full-year performance expectations for fiscal 2023 as follows:
Organic Revenue Growth ~15% (from >13%), comprised of...