Cash flow

IRADIMED CORPORATION Announces Second Quarter 2021 Financial Results

Retrieved on: 
Friday, July 30, 2021

For the second quarter 2021, domestic sales were 82.0 percent of total revenue, compared to 68.3 percent for the second quarter 2020.

Key Points: 
  • For the second quarter 2021, domestic sales were 82.0 percent of total revenue, compared to 68.3 percent for the second quarter 2020.
  • Gross profit margin was 74.7 percent for the second quarter 2021, compared to 72.6 percent for the second quarter 2020.
  • For the second quarter ended June 30, 2021, free cash flow was $3.5 million, compared to $0.7 million for the second quarter 2020.
  • All of our non-GAAP financial measures are important tools for financial and operational decision making and for evaluating our on-going core operating results.

2U Reports Results for Second Quarter 2021

Retrieved on: 
Thursday, July 29, 2021

(Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the quarter ended June 30, 2021.

Key Points: 
  • (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the quarter ended June 30, 2021.
  • Paul Lalljie, 2U's Chief Financial Officer, added, "Our results in the second quarter were strong, with 30% revenue growth and positive trailing twelve month free cash flow.
  • Revenue totaled $237.2 million, a 30% increase from $182.7 million in the second quarter of 2020.
  • Costs and expenses for the second quarter totaled $274.3 million, an 18% increase from $231.8 million in the second quarter of 2020.

Cenovus Generates $1.8 Billion in Adjusted Funds Flow in Q2 2021

Retrieved on: 
Thursday, July 29, 2021

CALGARY, Alberta, July 29, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continues to demonstrate the strengths of the company’s integrated portfolio in its second quarter results, generating cash from operating activities of $1.4 billion, adjusted funds flow of $1.8 billion and free funds flow of $1.3 billion, supporting a reduction in net debt of nearly $1 billion since March 31, 2021. Total production of nearly 770,000 barrels of oil equivalent per day (BOE/d) despite planned turnarounds at several assets, and strong realized commodity prices in the upstream business along with continued recovery of demand for U.S. downstream products drove Cenovus’s strong financial performance, which the company expects will continue through the rest of the year.

Key Points: 
  • 2 Adjusted funds flow, free funds flow and net debt are non-GAAP measures.
  • Adjusted funds flow of $1.8 billion included the impact of integration costs incurred in the quarter.
  • Free funds flow of $1.3 billion included capital investment in the quarter of $534 million.
  • See the Guidance document for more detail, including royalties, cash taxes and adjusted funds flow sensitivities, at cenovus.com .

Corporate Training Market in Europe to grow by USD 14.06 billion|Technavio

Retrieved on: 
Wednesday, July 28, 2021

NEW YORK, July 28, 2021 /PRNewswire/ --The corporate training market in Europe is poised to grow by USD 14.06 billion during 2021-2025, progressing at a CAGR of over 8% during the forecast period.

Key Points: 
  • NEW YORK, July 28, 2021 /PRNewswire/ --The corporate training market in Europe is poised to grow by USD 14.06 billion during 2021-2025, progressing at a CAGR of over 8% during the forecast period.
  • The report on the corporate training market in Europe provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
  • The corporate training market in Europe analysis includes product and geography landscape segments.
  • This study identifies the increased emphasis on learning analytics as one of the prime reasons driving the corporate training market growth in Europe during the next few years.

Watsco EPS Jumps 64% to $3.71 Setting Records for Sales, Operating Profit, Operating Margin and Net Income

Retrieved on: 
Thursday, July 22, 2021

MIAMI, July 22, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) reported record second quarter and first-half operating results for the periods ended June 30, 2021, establishing new records for sales, operating income, operating margin, net income and earnings per share (EPS) for both periods.

Key Points: 
  • MIAMI, July 22, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) reported record second quarter and first-half operating results for the periods ended June 30, 2021, establishing new records for sales, operating income, operating margin, net income and earnings per share (EPS) for both periods.
  • The acquired businesses had annualized sales of approximately $350 million in 2020 and currently serve more than 14,000 customers from 50 locations.
  • The Company has targeted operating cash flow to exceed net income in 2021.
  • Since 2000, operating cash flow was approximately$3.3 billionversus net income of$3.2 billion, surpassing the Companys goal.

GTreasury Releases 2021 Treasury Technology Survey Report on Treasury Modernization Progress and Growth Trends

Retrieved on: 
Thursday, July 22, 2021

CHICAGO, July 22, 2021 (GLOBE NEWSWIRE) -- GTreasury , atreasury and risk management platform provider, and Strategic Treasurer , which delivers consulting services for treasury management, security, technology, and compliance, today announced the release of the 2021 Treasury Technology Survey Report .

Key Points: 
  • CHICAGO, July 22, 2021 (GLOBE NEWSWIRE) -- GTreasury , atreasury and risk management platform provider, and Strategic Treasurer , which delivers consulting services for treasury management, security, technology, and compliance, today announced the release of the 2021 Treasury Technology Survey Report .
  • Highlights from the 2021 Treasury Technology Survey Report include:
    Significant growth anticipated.
  • Payment factories, treasury aggregators, and TMS solutions are expected to realize 35-45 percent growth over the next two years.
  • The 2021 Treasury Technology Survey Report collected responses from March through April 2021, with 50+ questions and 250+ respondents.

Colabor Group Reports Results for the Second Quarter 2021

Retrieved on: 
Wednesday, July 21, 2021

We are proud of the results generated in the second quarter.

Key Points: 
  • We are proud of the results generated in the second quarter.
  • Consolidated sales for the second quarter amounted to $108.1 million compared to $95.5 million during the corresponding quarter of 2020, an increase of 13.2%.
  • Net earnings for the second quarter were $1.7 million, compared to net loss of $2.9 million for the corresponding period of 2020.
  • Cash flows from operating activities reached $(2.9) million for the second quarter, compared to $3.2 million for the corresponding period of 2020.

Whirlpool Delivers Impressive Q2 Results and Significantly Raises Full-Year Guidance

Retrieved on: 
Wednesday, July 21, 2021

Consolidated EBIT also includes corporate "Other/Eliminations" of $53 million and $(151) million for the second quarters of 2021 and 2020, respectively.

Key Points: 
  • Consolidated EBIT also includes corporate "Other/Eliminations" of $53 million and $(151) million for the second quarters of 2021 and 2020, respectively.
  • A reconciliation of free cash flow, a non-GAAP financial measure, to cash provided by (used in) operating activities and other important information, appears below.
  • Partial tender offer by Galanz for majority ownership of the Whirlpool China business was closed May 6, 2021.
  • This document contains forward-looking statements about Whirlpool Corporation and its consolidated subsidiaries ("Whirlpool") that speak only as of this date.

Tesorio Cash Flow Performance Platform Now Available to All Companies Regardless of Scale, ERP, or Data Source

Retrieved on: 
Wednesday, July 21, 2021

"Tesorio can sit on top of your data lake, or any data source to pull all relevant financial, customer, and vendor data."

Key Points: 
  • "Tesorio can sit on top of your data lake, or any data source to pull all relevant financial, customer, and vendor data."
  • The Tesorio Cash Flow Performance Platform offers a range of modern financial applications including Tesorio AR , Tesorio AR Essentials , Cash Flow Direct , and Tesorio Financial Care Center .
  • The Tesorio Cash Flow Performance Platform replaces tedious and reactive cash flow forecasting and collections processes with accurate, real-time predictions, optimized workflows, and actionable insights based on behavioral trends.
  • Finance teams are empowered to achieve breakthrough cash flow performance and predictability while improving customer experience and relationships.

Hazeltree and Lionpoint Partner to Drive Treasury Management Modernization to Private Capital Markets

Retrieved on: 
Tuesday, July 20, 2021

Working with Hazeltree, Lionpoint officially launched its Treasury Management practice, focusing on private capital markets, including private equity and debt, real estate, and infrastructure.

Key Points: 
  • Working with Hazeltree, Lionpoint officially launched its Treasury Management practice, focusing on private capital markets, including private equity and debt, real estate, and infrastructure.
  • Lionpoints Treasury Management practice will advise clients on how to effectively reengineer their cash, treasury and operational processes to implement Hazeltrees treasury solution.
  • Partnering with Hazeltree, both firms bring together the best-in-class industry-specific treasury management technology with consulting and professional services expertise specifically designed for private capital market clients.
  • Hazeltrees integrated treasury management solution includes comprehensive cash management, securities finance, collateral and margin management, and counterparty management.