Generally Accepted Accounting Principles

Atlantic American Corporation Reports Fourth Quarter and Year End Results for 2020; Declares Annual Dividend

Retrieved on: 
Tuesday, March 23, 2021
Financial statements, Corporate finance, Generally Accepted Accounting Principles, U.S. Securities and Exchange Commission, Insurance, Accounting, Finance, Financial services, Auditor's report, Regulation S-X

Atlantic American Corporation is an insurance holding company involved through its subsidiary companies in specialty markets of the life, health, and property and casualty insurance industries.

Key Points: 
  • Atlantic American Corporation is an insurance holding company involved through its subsidiary companies in specialty markets of the life, health, and property and casualty insurance industries.
  • Its principal insurance subsidiaries are American Southern Insurance Company, American Safety Insurance Company, Bankers Fidelity Life Insurance Company and Bankers Fidelity Assurance Company.
  • Note regarding non-GAAP financial measure: Atlantic American Corporation presents its consolidated financial statements in accordance with U.S. generally accepted accounting principles (GAAP).
  • Actual results could differ materially from those indicated by such forward-looking statements due to a number of factors and risks detailed from time to time in statements and reports that Atlantic American Corporation files with the Securities and Exchange Commission.

Grace Comments on Effects of Gulf Coast Freeze and Updates First Quarter 2021 Guidance

Retrieved on: 
Friday, March 19, 2021
Generally Accepted Accounting Principles, U.S. Securities and Exchange Commission, GAAP

Most polyolefin manufacturers and refineries in the region were forced to shut down or operate at reduced rates following the storm.

Key Points: 
  • Most polyolefin manufacturers and refineries in the region were forced to shut down or operate at reduced rates following the storm.
  • Strong demand in the first quarter is offsetting the demand impact of the storm, said Hudson La Force, Graces President and Chief Executive Officer.
  • Compared to first quarter 2021 guidance provided on February 9, 2021, we expect:
    First quarter 2021 sales to be near the high end of our prior guidance of 6% to 8% growth versus the prior year.
  • This non-GAAP financial measure should not be considered as a substitute for financial measures calculated in accordance with U.S. GAAP.

Trillium Therapeutics Reports Annual Operating and Financial Results and Sets Date for R&D Day

Retrieved on: 
Thursday, March 18, 2021
Generally Accepted Accounting Principles, U.S. Securities and Exchange Commission, Trillium, TTI

All financial amounts in this news release are in United States dollars, unless otherwise stated.

Key Points: 
  • All financial amounts in this news release are in United States dollars, unless otherwise stated.
  • At the same time, we substantially advanced dose escalation studies of TTI-622 and TTI-621, which clearly demonstrated class-leading monotherapy activity.
  • Our mission critical goal for 2021 is to rapidly move to proof of concept studies in a range of hematologic malignancy and solid tumor indications.
  • Trillium began reporting its results in accordance with U.S. GAAP effective for the fiscal year ended December 31, 2020.

Body and Mind Reports Record Financial Results

Retrieved on: 
Thursday, March 18, 2021
Cannabis, Cannabis smoking, Entheogens, Euphoriants, GAAP, Generally Accepted Accounting Principles, Accounting, Generally Accepted Accounting Practice, Psychoactive drugs, Branches of biology

Financial results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and all currency is in U.S. dollars.

Key Points: 
  • Financial results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and all currency is in U.S. dollars.
  • Body and Mind branded products sold through almost all dispensaries throughout Las Vegas and Nevada;
    Received approval to expand cultivation canopy.
  • Both these opportunities are expected to add revenue this fiscal year and allow expansion of Body and Mind branded offerings.
  • Please use replay number 426056 #
    View the Body and Mind video at:
    About Body and Mind Inc.
    BaM is an operations focused multi-state operator investing in high quality medical and recreational cannabis cultivation, production and retail.

Ampco-Pittsburgh Corporation (NYSE: AP) Announces Fourth Quarter and Full Year 2020 Results

Retrieved on: 
Thursday, March 18, 2021
Construction & Property, Oil, Gas, Other Manufacturing, Energy, Steel, Building Systems, Engineering, Manufacturing, Ampco Pittsburgh, GAAP, Reconciliation, Generally Accepted Accounting Principles, Business, Economy

Commenting on the quarter and full year results, Brett McBrayer, Ampco-Pittsburghs Chief Executive Officer, said, Despite the decline in sales driven by the global pandemic, Ampco-Pittsburgh delivered another profitable quarter in Q4 2020 and improved sequentially over prior quarter EPS.

Key Points: 
  • Commenting on the quarter and full year results, Brett McBrayer, Ampco-Pittsburghs Chief Executive Officer, said, Despite the decline in sales driven by the global pandemic, Ampco-Pittsburgh delivered another profitable quarter in Q4 2020 and improved sequentially over prior quarter EPS.
  • A reconciliation of these GAAP to non-GAAP results is provided below under Non-GAAP Financial Measures Reconciliation Schedule.
  • Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Thursday, March 18, 2021, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the fourth quarter and fiscal year ended December 31, 2020.
  • The Corporation cannot guarantee any future results, levels of activity, performance or achievements.

View, Inc. Announces 2020 Financial Results

Retrieved on: 
Monday, March 15, 2021
Accounting, Communication, Forward-looking statement, GAAP, Business, Financial statements, Corporate finance, Auditing, United States Generally Accepted Accounting Principles, Auditor's report, Financial accounting, Generally Accepted Accounting Principles

These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

Key Points: 
  • These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.
  • The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
  • There are a number of limitations related to the use of non-GAAP financial measures.
  • We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.

Ayr Wellness Provides Outlook for 2022

Retrieved on: 
Friday, March 12, 2021
Generally Accepted Accounting Principles, U.S. Securities and Exchange Commission, GAAP, Accounting

As 2021 is expected to be a transitional year, no outlook is being provided for 2021.

Key Points: 
  • As 2021 is expected to be a transitional year, no outlook is being provided for 2021.
  • Ayr Wellness expects to transition to US GAAP beginning in Q1 2021 and any impact on the 2022 outlook related to the change in accounting standards is planned to be discussed in detail on the Q1 2021 conference call.
  • The Ayr Wellness fourth quarter and full year 2020 results press release dated March 11, 2021 can be found here .
  • Ayr strives to enrich consumers experience every day through the wellness and wonder of cannabis.

APi Group Confirms Date of Fourth Quarter and Full Year 2020 Earnings Release

Retrieved on: 
Friday, March 12, 2021
Architecture, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Steel, API, Technical communication, Generally Accepted Accounting Principles

APi is a market-leading business services provider of safety, specialty and industrial services in over 200 locations, primarily in North America and with an expanding platform in Europe.

Key Points: 
  • APi is a market-leading business services provider of safety, specialty and industrial services in over 200 locations, primarily in North America and with an expanding platform in Europe.
  • APi provides statutorily mandated and other contracted services to a strong base of long-standing customers across industries.
  • We have a winning leadership culture driven by entrepreneurial business leaders to deliver innovative solutions for our customers.
  • This press release contains non-U.S. GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission.

Creative Realities Reports Fourth Quarter and Full Year 2020 Results

Retrieved on: 
Tuesday, March 9, 2021
Accounting, Financial statements, Corporate finance, Financial services, Accounting systems, GAAP, Generally Accepted Accounting Principles, Generally Accepted Accounting Practice, Accounting standards, Auditor's report

LOUISVILLE, Ky., March 9, 2021 /PRNewswire/ -- Creative Realities, Inc. ("Creative Realities," "CRI," or the "Company") (NASDAQ: CREX, CREXW), a leading provider of digital marketing solutions, announced its financial results for the year ended December 31, 2020, including the quarter ended as of the same date.

Key Points: 
  • LOUISVILLE, Ky., March 9, 2021 /PRNewswire/ -- Creative Realities, Inc. ("Creative Realities," "CRI," or the "Company") (NASDAQ: CREX, CREXW), a leading provider of digital marketing solutions, announced its financial results for the year ended December 31, 2020, including the quarter ended as of the same date.
  • Gross profit was $8.1 million for the year endedDecember 31, 2020, a decrease of $5.6 million, or 41%, compared to the same period in 2019.
  • Creative Realities, Inc. prepares its consolidated financial statements in accordance with United States generally accepted accounting principles ("GAAP").
  • Creative Realities, Inc. prepares its consolidated financial statements in accordance with United States generally accepted accounting principles ("GAAP").

Conformis, Inc. Reports Fourth Quarter and Year End 2020 Financial Results

Retrieved on: 
Wednesday, March 3, 2021
GAAP, Generally Accepted Accounting Principles, Generally Accepted Accounting Practice, Accounting, Financial services, Finance, Accounting standards, United States Generally Accepted Accounting Principles

Conformis Hip System sales for 2020, which were all in the United States, were up 26.1% to $2.5 million.

Key Points: 
  • Conformis Hip System sales for 2020, which were all in the United States, were up 26.1% to $2.5 million.
  • Total gross profit decreased $3.0 million to $33.7 million, or 49% of revenue, in 2020, compared to $36.7 million, or 47% of revenue, in 2019.
  • Historically, we see a drop in first quarter revenue compared to the preceding fourth quarter as many health plans reset on January 1.
  • 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."