GAAP

EQS-News: Nagarro’s preliminary numbers for FY 2023 show consistent performance and 6.5% revenue growth

Retrieved on: 
Wednesday, March 13, 2024

March 13, 2024 - Nagarro, a global digital engineering leader, today announced its preliminary unaudited financial numbers for its full year ended December 31, 2023.

Key Points: 
  • March 13, 2024 - Nagarro, a global digital engineering leader, today announced its preliminary unaudited financial numbers for its full year ended December 31, 2023.
  • Revenue grew to €912.0 million in 2023 against the guidance of €915 million and up from €856.3 million in 2022, a YoY growth of 6.5%.
  • Gross profit and Adjusted EBITDA were affected by excess capacity throughout the year because of the moderation in growth.
  • Gross profit was €235.5 million in 2023, down from €247.1 million in 2022.

NN, Inc. Reports Fourth Quarter and Full Year 2023 Results; 2024 Guidance

Retrieved on: 
Monday, March 11, 2024

CHARLOTTE, N.C., March 11, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today reported its financial results for the fourth quarter ended December 31, 2023.

Key Points: 
  • Specific to the fourth quarter, we were also pleased with our big new business award performance.
  • Loss from operations was $7.9 million compared to a loss from operations of $11.0 million in the fourth quarter of 2022.
  • Net sales for the fourth quarter of 2023 were $43.3 million compared to $50.0 million in the fourth quarter of 2022, a decrease of 13.4% or $6.7 million.
  • Net sales for the fourth quarter of 2023 were $69.2 million compared to $68.0 million in the fourth quarter of 2022, an increase of 1.8% or $1.2 million.

Calavo Growers, Inc. Announces First Quarter 2024 Financial Results

Retrieved on: 
Monday, March 11, 2024

SANTA PAULA, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado industry leader and provider of convenient, ready-to-eat fresh food, today reported its financial results for the fiscal first quarter ended January 31, 2024.

Key Points: 
  • SANTA PAULA, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado industry leader and provider of convenient, ready-to-eat fresh food, today reported its financial results for the fiscal first quarter ended January 31, 2024.
  • As a result, the financial results of that business are reported as discontinued operations in this press release.
  • We expect another successful California avocado season for Calavo in fiscal 2024.”
    “We continue to anticipate completing the sale of our fresh cut business within the fiscal second quarter.
  • Performance in our tomato business has improved in the second quarter, and we expect solid tomato results in fiscal 2024.

Mission Produce™ Announces Fiscal 2024 First Quarter Financial Results

Retrieved on: 
Monday, March 11, 2024

OXNARD, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (Nasdaq: AVO) (“Mission” or the “Company”), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today reported its financial results for the fiscal first quarter ended January 31, 2024.

Key Points: 
  • OXNARD, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (Nasdaq: AVO) (“Mission” or the “Company”), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today reported its financial results for the fiscal first quarter ended January 31, 2024.
  • Capital expenditures were $9.9 million for the fiscal quarter ended January 31, 2024, compared to $17.6 million last year.
  • For the second quarter of fiscal year 2024, the Company is providing the following industry outlooks that will drive performance:
    The industry is expecting avocado volumes to be relatively flat in the fiscal 2024 second quarter versus the prior year period.
  • As previously announced, the Company will host a conference call to discuss its first quarter of fiscal 2024 financial results today at 5:00 p.m.

Alto Ingredients, Inc. Reports Fourth Quarter and Year-end 2023 Results

Retrieved on: 
Monday, March 11, 2024

PEKIN, Ill., March 11, 2024 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a producer and distributor of renewable fuel and essential ingredients and the largest producer of specialty alcohols in the U.S., reported its financial results for the quarter and year ended December 31, 2023. For the fourth quarter of 2023, gross loss improved $18.8 million and Adjusted EBITDA improved $19.0 million over the fourth quarter of 2022. For the full year 2023, gross profit improved $43.2 million and Adjusted EBITDA improved $26.5 million over 2022.

Key Points: 
  • For the fourth quarter of 2023, gross loss improved $18.8 million and Adjusted EBITDA improved $19.0 million over the fourth quarter of 2022.
  • For the full year 2023, gross profit improved $43.2 million and Adjusted EBITDA improved $26.5 million over 2022.
  • Financial Results for the Three Months Ended December 31, 2023 Compared to 2022
    Net sales were $273.6 million, compared to $328.4 million.
  • Financial Results for the Year Ended December 31, 2023 Compared to 2022
    Net sales were $1,222.9 million, compared to $1,335.6 million.

Canterbury Park Holding Corporation Reports 2023 Fourth Quarter Results

Retrieved on: 
Monday, March 11, 2024

“Fourth quarter Casino revenue performance reflects a weak October followed by a solid reversal over the balance of the quarter.

Key Points: 
  • “Fourth quarter Casino revenue performance reflects a weak October followed by a solid reversal over the balance of the quarter.
  • Swervo Development Corporation (“Swervo”) has its amphitheater construction in full swing and is on schedule to open in the summer of 2025.
  • The income for the twelve months ended December 31, 2023 and the loss from equity investment in the prior period were primarily related to the reasons described above in the fourth quarter results.
  • Further financial information for the fourth quarter and full-year ended December 31, 2023, is presented in the accompanying tables at the end of this press release.

Olema Oncology Reports Fourth Quarter and Full-Year 2023 Financial Results and Provides Corporate Update

Retrieved on: 
Monday, March 11, 2024

“In 2023 we demonstrated the unique opportunity ahead for palazestrant to make a meaningful impact on improving treatment options for women with ER+/HER2- breast cancer.

Key Points: 
  • “In 2023 we demonstrated the unique opportunity ahead for palazestrant to make a meaningful impact on improving treatment options for women with ER+/HER2- breast cancer.
  • Presented palazestrant monotherapy Phase 2 clinical results at the European Society for Medical Oncology (ESMO) Congress 2023 in Madrid, Spain, as an oral presentation demonstrating compelling activity in both wild-type and ESR1-mutant tumor types.
  • Non-GAAP G&A expenses were $3.1 million and $13.3 million for the quarter and year ended December 31, 2023, respectively, excluding $1.4 million and $5.5 million non-cash stock-based compensation expense respectively.
  • A reconciliation of GAAP to non-GAAP financial measures used in this press release can be found at the end of this press release.

LifeMD Reports Fourth Quarter 2023 Results

Retrieved on: 
Monday, March 11, 2024

NEW YORK, March 11, 2024 (GLOBE NEWSWIRE) -- LifeMD, Inc. (Nasdaq: LFMD), a leading provider of virtual primary care, today reported financial results for the three and twelve months ended December 31, 2023.   

Key Points: 
  • Conference call begins at 4:30 p.m. Eastern time today
    NEW YORK, March 11, 2024 (GLOBE NEWSWIRE) -- LifeMD, Inc. (Nasdaq: LFMD), a leading provider of virtual primary care, today reported financial results for the three and twelve months ended December 31, 2023.
  • “2023 was a record-setting year for LifeMD, characterized by sharp increases in revenue, telehealth subscribers and profitability.
  • Telehealth revenue increased 90% versus the year-ago period and 28% sequentially versus the third quarter of 2023.
  • The number of weight management subscribers exceeded 22,000 as of year-end 2023, a net gain of approximately 12,000 subscribers sequentially versus the third quarter of 2023.

Fortrea Reports Fourth Quarter and Full-Year 2023 Results; Issues Full-Year 2024 Guidance

Retrieved on: 
Monday, March 11, 2024

DURHAM, N.C., March 11, 2024 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (CRO), today reported financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • “Fortrea successfully navigated the second half 2023 transforming a “division of a division” into a leader in clinical development,” said Tom Pike, chairman and CEO of Fortrea.
  • I’m confident our talented global team will continue to execute our plans with discipline and focus.”
    Revenue for the fourth quarter was $775.4 million, compared to $761.7 million in the fourth quarter of 2022.
  • Fourth quarter GAAP net loss was $(36.0) million and diluted loss per share was $(0.41) compared to fourth quarter of 2022 GAAP net income of $33.4 million and earnings per share of $0.38.
  • Fourth quarter adjusted EBITDA was $67.2 million, compared to fourth quarter of 2022 adjusted EBITDA of $109.8 million.

ThreeD Capital Inc. Announces Unaudited February 29, 2024 Net Asset Value Per Share - $0.85

Retrieved on: 
Friday, March 8, 2024

TORONTO, March 08, 2024 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that at February 29, 2024, its unaudited net asset value per share (“NAV”) was $0.85.

Key Points: 
  • TORONTO, March 08, 2024 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that at February 29, 2024, its unaudited net asset value per share (“NAV”) was $0.85.
  • NAV is calculated based on unaudited month-end financial information.
  • Use of Non-GAAP Financial Measures:
    This press release contains references to NAV or “net asset value per share” which is a non-GAAP financial measure.
  • NAV is calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date.