United States Generally Accepted Accounting Principles

Conformis Reports Second Quarter 2021 Financial Results

Retrieved on: 
Wednesday, August 4, 2021

Conformis Hip System revenue of $0.9 million for the second quarter of 2021 was up 62% year-over-year and increased 38% from the first quarter of 2021.

Key Points: 
  • Conformis Hip System revenue of $0.9 million for the second quarter of 2021 was up 62% year-over-year and increased 38% from the first quarter of 2021.
  • Product Revenue compared to the second quarter of 2019 was down 21%, a sequential improvement from the 33% decline in the first quarter.
  • Total gross profit increased $36.5 million to $47.5 million, or 84% of revenue, in the second quarter of 2021, compared to $11.0 million, or 57% of revenue, in the second quarter of 2020.
  • In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), the Company provides certain information regarding the Company's financial results or projected financial results on a non-GAAP "constant currency basis."

Gartner Reports Second Quarter 2021 Financial Results

Retrieved on: 
Tuesday, August 3, 2021

Certain financial metrics contained in this Press Release are considered non-GAAP financial measures.

Key Points: 
  • Certain financial metrics contained in this Press Release are considered non-GAAP financial measures.
  • Definitions of these non-GAAP financial measures are included in this Press Release under Non-GAAP Financial Measures and the related reconciliations are under Supplemental Information Non-GAAP Reconciliations.
  • Gartner, Inc. (NYSE: IT) is the worlds leading research and advisory company and a member of the S&P 500.
  • Certain financial measures used in this Press Release are not defined by U.S. generally accepted accounting principles (GAAP) and as such are considered non-GAAP financial measures.

Facebook Reports Second Quarter 2021 Results

Retrieved on: 
Wednesday, July 28, 2021

Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended June30, 2021.

Key Points: 
  • Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended June30, 2021.
  • Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool.
  • We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures.
  • For more information on our non-GAAP financial measures and a reconciliation of GAAP to non-GAAP measures, please see the "Reconciliation of GAAP to Non-GAAP Results" table in this press release.

Peoples Financial Corporation Reports Results For The Second Quarter Of 2021

Retrieved on: 
Wednesday, July 28, 2021

BILOXI, Miss., July 28, 2021 /PRNewswire/ --Peoples Financial Corporation (the "Company")(OTCQX Best Market: PFBX), parent of The Peoples Bank, announced earnings for the second quarter ending June 30, 2021.

Key Points: 
  • BILOXI, Miss., July 28, 2021 /PRNewswire/ --Peoples Financial Corporation (the "Company")(OTCQX Best Market: PFBX), parent of The Peoples Bank, announced earnings for the second quarter ending June 30, 2021.
  • Net income for the second quarter of 2021 was $789,000 compared to a net loss of $277,000 for the second quarter of 2020.
  • The earnings per weighted average common share for the second quarter of 2021 were $0.16 compared to loss per weighted average common share of $0.06 for the second quarter of 2020.
  • The improvement in net income for the second quarter of 2021 is primarily due to the decrease in the provision for loan losses of $22,000 for the second quarter of 2021 as compared with $1,333,000 for the second quarter of 2020.

XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares Dividend

Retrieved on: 
Thursday, July 1, 2021

Shareholders should not assume that the source of a distribution from the Trust is net income or profit.

Key Points: 
  • Shareholders should not assume that the source of a distribution from the Trust is net income or profit.
  • The Trusts net investment income and capital gain can vary significantly over time; however, the Trust seeks to maintain more stable common share monthly distributions over time.
  • The common share distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period.
  • The Trusts 6.50% Series 2026 Term Preferred Shares dividend was calculated based on the preferred shares Liquidation Preference of $25.00 per share and the current quarterly distribution rate per share of $0.40625.

MarketWise Reports Financial Results for First Quarter 2021

Retrieved on: 
Tuesday, June 1, 2021

In this release MarketWise discusses certain key business metrics, which we believe provide useful information about the Companys business and the operational factors underlying the Companys financial performance.

Key Points: 
  • In this release MarketWise discusses certain key business metrics, which we believe provide useful information about the Companys business and the operational factors underlying the Companys financial performance.
  • MarketWise believes that non-GAAP financial information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance, and assists in comparisons with other companies, some of which use similar non-GAAP financial information to supplement their GAAP results.
  • A reconciliation is provided below for Adjusted CFFO to the most directly comparable financial measure stated in accordance with GAAP.
  • Investors are encouraged to review the related GAAP financial measure and the reconciliation of this non-GAAP financial measure to its most directly comparable GAAP financial measure.

1 in 5 Private Company Execs Feel Unprepared on Lease Accounting as Effective Date Nears on Dec. 15, 2021

Retrieved on: 
Monday, May 24, 2021

The good news: 27.7% of those polled feel prepared to comply -- the highest private entity executive confidence rate in six years.

Key Points: 
  • The good news: 27.7% of those polled feel prepared to comply -- the highest private entity executive confidence rate in six years.
  • "FASB lease accounting standard adoption is mandatory, so I'm hopeful organizations are closely focusing on it now."
  • As organizations adopt FASB's cloud computing accounting guidance, the way they've adopted the lease accounting standard could offer opportunities to structuring cloud agreements for specific accounting treatment.
  • Once lease data is ready for lease accounting use, check to see if it's aligned with your organization's accounting policies.

ME2C® Environmental Reports First Quarter 2021 Financial Results

Retrieved on: 
Monday, May 17, 2021

\xe2\x80\x9cThe new administration has driven a renewed impetus towards environmental regulatory compliance, driving strong inbound interest to our patented suite of emissions control solutions.

Key Points: 
  • \xe2\x80\x9cThe new administration has driven a renewed impetus towards environmental regulatory compliance, driving strong inbound interest to our patented suite of emissions control solutions.
  • ME2C Environmental is a trade name of Midwest Energy Emissions Corp. For more information, please visit http://www.me2cenvironmental.com/ .\nTo provide investors with additional information regarding our financial results, this press release includes references to Adjusted EBITDA, a Non-GAAP financial measure.
  • When evaluating our performance, Adjusted EBITDA should be considered with other financial performance measures, including various cash flow metrics, net income and other GAAP results.
  • ME2C Environmental does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.

Applied DNA Second Fiscal Quarter 2021 Financial Results Feature 384% Year-Over-Year Growth in Revenues

Retrieved on: 
Thursday, May 13, 2021

The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information presented in accordance with GAAP.

Key Points: 
  • The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information presented in accordance with GAAP.
  • We use this non-GAAP financial measure for internal financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons of the performance and results of operations of our core business.
  • Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding the performance of our business by excluding non-cash expenses that may not be indicative of our recurring operating results.
  • Forward-looking statements describe Applied DNA\xe2\x80\x99s future plans, projections, strategies, and expectations, and are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of Applied DNA.

Verra Mobility Schedules First Quarter 2021 Earnings Call and Announces Response to SEC Guidance Relating to Warrants Issued by Special Purpose Acquisition Companies

Retrieved on: 
Friday, May 7, 2021

Following its review of the SEC Statement, the Company reevaluated the accounting treatment of its warrants as equity.

Key Points: 
  • Following its review of the SEC Statement, the Company reevaluated the accounting treatment of its warrants as equity.
  • It concluded that, based on the SEC Statement, the Company\'s private placement warrants should be, and should have been, classified as a liability measured at fair value, with non-cash fair value adjustments recorded in earnings at each reporting period.
  • They are based on currently available information about the outcome and timing of future events, certain of which are beyond the Company\'s control.
  • Any or all of these occurrences could cause actual results to differ from those in the forward-looking statements.\n'