Generally Accepted Accounting Principles

Danaher Provides Update On First Quarter 2021 Financial Performance

Retrieved on: 
Tuesday, April 13, 2021
Danaher Corporation, Generally Accepted Accounting Principles, GAAP, Danaher, Companies, Economy of the United States

b'WASHINGTON, April 13, 2021 /PRNewswire/ --Danaher Corporation (NYSE: DHR) (the "Company") announced today that it expects first quarter 2021 core revenue growth to be above the high-end of the Company\'s previously communicated guidance range.\nFor the quarter ended April 2, 2021, the Company expects revenue growth to be approximately 57.0% and non-GAAP core revenue growth including Cytiva to be approximately 29.0%.

Key Points: 
  • b'WASHINGTON, April 13, 2021 /PRNewswire/ --Danaher Corporation (NYSE: DHR) (the "Company") announced today that it expects first quarter 2021 core revenue growth to be above the high-end of the Company\'s previously communicated guidance range.\nFor the quarter ended April 2, 2021, the Company expects revenue growth to be approximately 57.0% and non-GAAP core revenue growth including Cytiva to be approximately 29.0%.
  • The better-than-expected performance was broad-based across the portfolio, with particular strength in Life Sciences and Diagnostics.\nAs previously announced, Danaher will hold its earnings conference call for the first quarter 2021 on Thursday, April 22, 2021 at 8:00 a.m. ET.\nDanaher is a global science and technology innovator committed to helping its customers solve complex challenges and improving quality of life around the world.
  • Its family of world class brands has leadership positions in the demanding and attractive health care, environmental and applied end-markets.
  • For more information, please visit www.danaher.com .\nIn addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings release also contains non-GAAP financial measures.

Vinco Ventures, Inc. Reports Financial Results for the Year Ended December 31, 2020

Retrieved on: 
Friday, April 9, 2021
Fundamental analysis, Finance, Profit, Money, Earnings before interest, taxes, depreciation and amortization, Private equity, Corporate finance, Financial ratio, GAAP, Generally Accepted Accounting Principles, Accounting

strategy seeks out acquisition opportunities that allow for the generation of digital traffic geared towards growth and profitability.

Key Points: 
  • strategy seeks out acquisition opportunities that allow for the generation of digital traffic geared towards growth and profitability.
  • EBITDA and Adjusted EBITDA is a financial measure that is not calculated in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP).
  • Instead, management believes EBITDA and Adjusted EBITDA should be used to supplement the Companys financial measures derived in accordance with U.S. GAAP to provide a more complete understanding of the trends affecting the business.
  • Additional information that could lead to material changes in the Companys performance is contained in its filings with the SEC.

E2open Announces Business Update and Provides Preliminary Financial Results

Retrieved on: 
Monday, April 5, 2021
Data management, Technology, Transport, Logistics, Supply chain management, Software, Networks, GAAP, Generally Accepted Accounting Principles, Financial statements, Auditing

E2open announces preliminary results for the fiscal year 2021, which ended on February 28, 2021.

Key Points: 
  • E2open announces preliminary results for the fiscal year 2021, which ended on February 28, 2021.
  • The Companys actual results may differ materially from these unaudited preliminary financial results and non-GAAP adjustments due to the completion of its financial closing procedures and reviews.
  • This non-GAAP financial measure is not a measure of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Companys financial results.
  • The Company believes this non-GAAP measure of financial results provides useful information to management and investors regarding certain financial and business trends relating to the Companys financial condition and results of operations.

Vislink Reports Full Year 2020 Financial Results

Retrieved on: 
Wednesday, March 31, 2021
Finance, Money, Corporate finance, Earnings before interest, taxes, depreciation and amortization, Fundamental analysis, Private equity, Profit, GAAP, Accounting, Generally Accepted Accounting Principles, Generally Accepted Accounting Practice

ET to review the Companys financial and operating results and provide a general business update (see webcast details below).

Key Points: 
  • ET to review the Companys financial and operating results and provide a general business update (see webcast details below).
  • For the year ended December 31, 2020, revenue was $22.9 million, compared to $28.9 million for the year ended December 31, 2019.
  • Mr. Miller continued, For the second phase of our financial restructuring, we took concrete steps to increase liquidity and strengthen our financial position throughout the year.
  • To supplement our financial results presented in accordance with Generally Accepted Accounting Principles (GAAP), we are presenting EBITDA in this earning release and the related earning conference call.

Atlanticus Reports Full Year 2020 Financial Results

Retrieved on: 
Wednesday, March 31, 2021
GAAP, Reconciliation, Generally Accepted Accounting Principles, Financial services, Business, Economy

Interest expense was $51.5 million for the year ended December 31, 2020, compared to $50.7 million in the prior year.

Key Points: 
  • Interest expense was $51.5 million for the year ended December 31, 2020, compared to $50.7 million in the prior year.
  • These non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation from, or as a substitute for, GAAP financial measures.
  • These non-GAAP financial measures may differ from the non-GAAP financial measures used by other companies.
  • A reconciliation of each of these non-GAAP financial measures to the most directly comparable GAAP financial measure is provided below for each of the fiscal periods indicated.

GigaMedia Announces Fourth-Quarter and Full Year 2020 Financial Results

Retrieved on: 
Wednesday, March 31, 2021
Financial statements, Accounting, Generally Accepted Accounting Principles, Corporate finance, Corporate governance, International Financial Reporting Standards, Available for sale

Consolidated loss from operationsof the fourth quarter of 2020 was $0.6 million, compared to a loss of $0.4 million in the last quarter.

Key Points: 
  • Consolidated loss from operationsof the fourth quarter of 2020 was $0.6 million, compared to a loss of $0.4 million in the last quarter.
  • Consolidated net lossof the fourth quarter of 2020 was $0.3 million, loss slightly increased from a net loss of $0.2 million in the last quarter.
  • Reconciliations to the GAAP equivalents of the non-GAAP financial measures are provided on the attached unaudited financial statements.
  • The financial statements from which the financial results reported in this press release are derived have been prepared in accordance with U.S. GAAP, unless otherwise noted as "non-GAAP," and are presented in U.S. dollars.

Chewy Announces Fiscal Fourth Quarter and Full Year 2020 Financial Results

Retrieved on: 
Tuesday, March 30, 2021
Online Retail, Consumer, Retail, Pets, Specialty, Finance, Money, Economy, CHWY, Earnings before interest, taxes, depreciation and amortization, Chewy, GAAP, Income, Reconciliation, Financial ratio, Generally Accepted Accounting Principles

Chewy, Inc. (NYSE: CHWY) (Chewy), a trusted online destination for pet parents and partners everywhere, has released its financial results for the fiscal fourth quarter and full year 2020 ended January 31, 2021, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com .

Key Points: 
  • Chewy, Inc. (NYSE: CHWY) (Chewy), a trusted online destination for pet parents and partners everywhere, has released its financial results for the fiscal fourth quarter and full year 2020 ended January 31, 2021, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com .
  • Management will host a conference call and webcast to discuss Chewy's financial results today at 5:00 pm ET.
  • See Non-GAAP Financial Measures for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures.
  • We have provided a reconciliation below of adjusted EBITDA to net income (loss), the most directly comparable GAAP financial measure.

Viking Energy Group Announces Record Revenues

Retrieved on: 
Friday, March 26, 2021
Fundamental analysis, Finance, Earnings before interest, taxes, depreciation and amortization, Private equity, Profit, Money, Income, Forward-looking statement, Generally Accepted Accounting Principles, GAAP, Provision, Economy

Viking is an independent exploration and production company focused on acquiring, enhancing and developing oil and natural gas properties in the Gulf Coast and Mid-Continent regions.

Key Points: 
  • Viking is an independent exploration and production company focused on acquiring, enhancing and developing oil and natural gas properties in the Gulf Coast and Mid-Continent regions.
  • This press release contains Adjusted EBITDA, a non-GAAP financial measure.
  • Adjusted EBITDA is not a measure of financial performance under US GAAP and should be considered in addition to, not as a substitute for, net income (loss).
  • We intend that all forward-looking statements be subject to the safe-harbor provisions.

Parkland announces additional measures to further enhance financial flexibility

Retrieved on: 
Friday, March 26, 2021
Financial regulation, International Financial Reporting Standards, Accounting, Parkland, Financial statement, Generally Accepted Accounting Principles, Business, Financial services

Parkland is in a strong financial position heading into an expected economic recovery, said Marcel Teunissen, Chief Financial Officer.

Key Points: 
  • Parkland is in a strong financial position heading into an expected economic recovery, said Marcel Teunissen, Chief Financial Officer.
  • This news release refers to certain non-GAAP financial measures that are not determined in accordance with International Financial Reporting Standards ("IFRS").
  • These measures are defined under, and are used to measure Parklands compliance with the financial covenants contained in, Parklands credit agreement.
  • Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Celanese Increases 2021 Financial Outlook

Retrieved on: 
Wednesday, March 24, 2021
Chemicals, Plastics, Manufacturing, Fundamental analysis, Corporate finance, Earnings per share, Finance, Celanese, Financial ratio, Generally Accepted Accounting Principles, GAAP, Financial economics, Financial markets

Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today increased its full year 2021 outlook for adjusted earnings of $11.00 to $11.50 per share.

Key Points: 
  • Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today increased its full year 2021 outlook for adjusted earnings of $11.00 to $11.50 per share.
  • We expect momentum to continue across the middle of 2021 as we meet elevated demand for our Acetyl Chain and Engineered Materials products.
  • Non-GAAP Financial Measures: This press release refers to adjusted earnings per share, which is a non-GAAP financial measure.
  • The most directly comparable financial measure presented in accordance with US GAAP in our consolidated financial statements for adjusted earnings per share is earnings (loss) from continuing operations attributable to Celanese Corporation per common share-diluted.