Share repurchase

EQS-News: PSI with strong industrial business in 2022

Retrieved on: 
Friday, March 31, 2023

Berlin, March 29, 2023 – The PSI Group achieved stable sales of 247.9 million euros in fiscal year 2022 (Dec. 31, 2021, adjusted: 245.5 million euros).

Key Points: 
  • Berlin, March 29, 2023 – The PSI Group achieved stable sales of 247.9 million euros in fiscal year 2022 (Dec. 31, 2021, adjusted: 245.5 million euros).
  • New orders, sales and in particular the segment's earnings were impacted by weak municipal utility projects (7% of PSI sales).
  • Business with distribution and transmission networks as well as industrial networks remained stable in real terms (30% of PSI sales).
  • PSI will further expand its business with Group rollouts and integration partners in 2023.

IZEA Reports Record Annual Revenue in FY2022, up 37% Year over Year

Retrieved on: 
Thursday, March 30, 2023

Our team has been making a variety of adjustments over the past year to focus our efforts on driving efficiency.

Key Points: 
  • Our team has been making a variety of adjustments over the past year to focus our efforts on driving efficiency.
  • “That amount totaled $18.3 million on December 31, 2022, and we expect to record most of this backlog as revenue in the following three quarters.
  • Revenue from SaaS Services decreased by $78,506, or 17%, in the fourth quarter of 2022 compared to the fourth quarter of 2021.
  • IZEA will hold a conference call to discuss its fourth quarter 2022 results on Thursday, March 30, 2023, at 5:00 p.m. EDT.

Hudson Global Reports 2022 Fourth Quarter and Full-Year Results

Retrieved on: 
Thursday, March 30, 2023

OLD GREENWICH, Conn., March 30, 2023 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (Nasdaq: HSON), a leading global talent solutions company, announced today financial results for the fourth quarter and full year ended December 31, 2022.

Key Points: 
  • OLD GREENWICH, Conn., March 30, 2023 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (Nasdaq: HSON), a leading global talent solutions company, announced today financial results for the fourth quarter and full year ended December 31, 2022.
  • In the fourth quarter of 2022, Americas revenue of $10.1 million decreased 12% and adjusted net revenue of $9.6 million also decreased 12% in constant currency compared to the fourth quarter of 2021.
  • Asia Pacific delivered adjusted EBITDA of $2.1 million in the fourth quarter of 2022 versus adjusted EBITDA of $2.4 million in the fourth quarter of 2021.
  • The Company generated $4.4 million in cash flow from operations in the fourth quarter of 2022 compared to $1.7 million in the fourth quarter of 2021.

Concentrix Reports First Quarter 2023 Results

Retrieved on: 
Wednesday, March 29, 2023

"We performed well in the first quarter of 2023, achieving the top end of our expectations with solid increases in revenue, profit, and cash flow," said Chris Caldwell, Concentrix President, and CEO.

Key Points: 
  • "We performed well in the first quarter of 2023, achieving the top end of our expectations with solid increases in revenue, profit, and cash flow," said Chris Caldwell, Concentrix President, and CEO.
  • The following statements are based on Concentrix’ current expectations for the second quarter and full year fiscal 2023.
  • Second Quarter Fiscal 2023 Expectations:
    Second quarter adjusted constant currency revenue growth is expected to be in the range of 3% to 5%.
  • Concentrix will host a conference call for investors to review its first quarter fiscal 2023 results today at 5:00 p.m. (ET)/2:00 p.m. (PT).

Kingsoft Cloud Announces Unaudited Fourth Quarter and Fiscal Year 2022 Financial Results

Retrieved on: 
Wednesday, March 29, 2023

BEIJING, March 29, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022.

Key Points: 
  • BEIJING, March 29, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022.
  • Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, “We concluded the challenging year of 2022 with pleasing fourth quarter results.
  • Gross margin increased from 1.0% in the same period in 2021 and 6.2% last quarter to 7.6% this quarter.
  • Revenues from public cloud services slightly increased from RMB1,346.0 million in last quarter, but decreased by 12.2% to RMB1,344.3 million (US$194.9 million), compared with RMB1,530.5 million in the same quarter of 2021.

Madison Square Garden Entertainment Corp. Board Approves Spin-Off of Traditional Live Entertainment Business

Retrieved on: 
Thursday, March 30, 2023

Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“Company”) today announced that its board of directors has approved the spin-off of its traditional live entertainment business, which is expected to be completed on April 20th.

Key Points: 
  • Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“Company”) today announced that its board of directors has approved the spin-off of its traditional live entertainment business, which is expected to be completed on April 20th.
  • The newly formed live entertainment company will take on the name Madison Square Garden Entertainment Corp. and will include a diverse collection of performance venues, the entertainment and sports bookings business, and the Christmas Spectacular Starring the Radio City Rockettes production.
  • Stockholders who hold the Company’s common stock as of the record date will receive a book-entry account statement reflecting their ownership of new Madison Square Garden Entertainment Corp. common stock or their brokerage account will be credited with the new Madison Square Garden Entertainment Corp. shares.
  • An Information Statement containing details regarding the distribution of the new Madison Square Garden Entertainment Corp. common stock and the new Madison Square Garden Entertainment Corp. business and management following the spin-off will be mailed to the Company’s stockholders as of the record date prior to the distribution date.

Franklin Covey Reports Strong Fiscal 2023 Second Quarter Results

Retrieved on: 
Wednesday, March 29, 2023

The Company’s second quarter fiscal 2023 financial performance was highlighted by the following key metrics:

Key Points: 
  • The Company’s second quarter fiscal 2023 financial performance was highlighted by the following key metrics:
    The Company’s consolidated sales for the quarter ended February 28, 2023 increased 9% to $61.8 million compared with $56.6 million in the second quarter of fiscal 2022.
  • Adjusted EBITDA for the second quarter of fiscal 2023 increased 2% to $8.2 million compared with $8.0 million in fiscal 2022, and was $8.4 million in constant currency.
  • These factors were key to our strong second quarter and early fiscal 2023 performance, and will continue to be important to our growth in future periods.”
    The following is a summary of financial results for the second quarter of fiscal 2023:
    Net Sales: Consolidated sales for the quarter ended February 28, 2023 increased 9% to $61.8 million, compared with $56.6 million in the second quarter of fiscal 2022.
  • On Wednesday, March 29, 2023, at 5:00 p.m. Eastern (3:00 p.m. Mountain) Franklin Covey will host a conference call to review its financial results for the second quarter of fiscal 2023.

Mentor Capital Posts 28% Annual Revenue Increase

Retrieved on: 
Wednesday, March 29, 2023

The Company reports that for the twelve months ended December 31, 2022, Mentor and its subsidiaries had combined revenues of $7,705,715 and a gross profit of $2,226,322, with a resulting net loss attributable to Mentor of ($471,386) or (2.1 cents) per share.

Key Points: 
  • The Company reports that for the twelve months ended December 31, 2022, Mentor and its subsidiaries had combined revenues of $7,705,715 and a gross profit of $2,226,322, with a resulting net loss attributable to Mentor of ($471,386) or (2.1 cents) per share.
  • This represents a 28.21% increase in revenue and an 18.95% increase in gross profit over the prior year ended December 31, 2021, in which Mentor and its subsidiaries had combined revenues of $6,010,438 and gross profit of $1,871,653, with a resulting net loss attributable to Mentor of ($272,848) or (1.2 cents) per share.
  • No equity was granted to directors, insiders, consultants, or investor relations firms during the twelve annuals ending December 31, 2022.
  • The Company is managed by Chairman and CEO Chet Billingsley (70), who founded Mentor Capital first as an acquisition partnership in 1985.

Flashlight Capital Comments on Outcome of KT&G’s General Meeting

Retrieved on: 
Tuesday, March 28, 2023

Ltd (“Flashlight Capital”), a meaningful shareholder of KT&G Corporation (KRX: 033780) (“KT&G” or the “Company”), today issued the following statement regarding its proposals put forth at the Company’s 2023 Annual General Meeting of Shareholders (the “General Meeting”).

Key Points: 
  • Ltd (“Flashlight Capital”), a meaningful shareholder of KT&G Corporation (KRX: 033780) (“KT&G” or the “Company”), today issued the following statement regarding its proposals put forth at the Company’s 2023 Annual General Meeting of Shareholders (the “General Meeting”).
  • Sanghyun Lee, Managing Partner of Flashlight Capital, commented:
    “We thank our fellow shareholders for their thoughtful engagement and support during our campaign for improved value-creating change at KT&G.
  • We are also grateful to leading proxy solicitor Institutional Shareholder Services, Inc. for recommending in favor of all our proposals.
  • Ultimately, we are disappointed by the results of the General Meeting and believe that today is a bad day for corporate governance in Korea.

Aroundtown SA announces FY 2022 results with guidance achieved and continued disposals despite challenging environment

Retrieved on: 
Tuesday, March 28, 2023

EPRA NTA including RETT (previously defined as EPRA NTA) per share amounted to €9.8 in 2022, compared to €10.2 in 2021.

Key Points: 
  • EPRA NTA including RETT (previously defined as EPRA NTA) per share amounted to €9.8 in 2022, compared to €10.2 in 2021.
  • Guidance for FY 2022 achieved and guidance for FY 2023 published.
  • Aroundtown (‘the Company’ or ‘AT’) presents the results for the year 2022 achieving the 2022 guidance despite the difficult macroeconomic conditions.
  • Aroundtown achieved disposals in the amount of €1.6 billion in 2022 with a further €150 million so far in 2023.