Depreciation

Cresco Labs Announces First Quarter 2022 Results

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Wednesday, May 18, 2022 - 12:00pm

Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (Cresco Labs or the Company), a vertically integrated, multi-state operator and the number one U.S. wholesaler of branded cannabis products, today released its financial results for the three months ended March 31, 2022.

Key Points: 
  • Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (Cresco Labs or the Company), a vertically integrated, multi-state operator and the number one U.S. wholesaler of branded cannabis products, today released its financial results for the three months ended March 31, 2022.
  • "Q1 was a solid quarter for the Cresco Labs team in a challenging environment for all consumer product categories.
  • We are pairing the best consumer brands with a broad, deep and strategic footprint, said Charles Bachtell, Co-Founder and CEO of Cresco Labs.
  • The compliance-focused foundation of both Cresco Labs and Columbia Care is helping ensure a smooth progression towards deal approval through a reasonable and manageable regulatory process.

DEV.co Seeks Inorganic Growth by Acquisition of Companies in Software Development & Digital Transformation

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Wednesday, May 18, 2022 - 4:00pm

SEATTLE, May 18, 2022 /PRNewswire-PRWeb/ -- Custom software development company, DEV.co, announces intent to acquire other custom software development, IT staffing and digital design agencies across the lower middle market. The company is intent on making multiple acquisitions over the coming 12 to 48 months.

Key Points: 
  • Custom software development company seeks acquisition targets among other digital design and software development firms.
  • SEATTLE, May 18, 2022 /PRNewswire-PRWeb/ -- Custom software development company , DEV.co, announces intent to acquire other custom software development, IT staffing and digital design agencies across the lower middle market.
  • "We are actively pursuing target transactions of US-based companies, with a core focus on digital transformation businesses," says Nate Nead, CEO.
  • The company has grown rapidly by acquisition, acquiring, scaling and even rebranding various acquisition targets as it seeks further growth.

ZIM Reports Record Financial Results for the First Quarter of 2022

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Wednesday, May 18, 2022 - 12:00pm

HAIFA, Israel, May 18, 2022 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today its consolidated results for the three months ended March 31, 2022.

Key Points: 
  • Net income for the first quarter of 2022 was $1,711 million, compared to $590 million for the first quarter of 2021.
  • ZIM carried 859 thousand TEUs in the first quarter of 2022, compared to 818 thousand TEUs in the first quarter of 2021.
  • The average freight rate per TEU was $3,848 for the first quarter of 2022, compared to $1,925 for the first quarter of 2021.
  • Capital expenditures totaled $183 million for the first quarter of 2022, compared with $133 million for the first quarter of 2021.

OneSpan to Provide Strategic Transformation Update

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Tuesday, May 17, 2022 - 1:00pm

OneSpan Inc. (NASDAQ: OSPN), a global leader in digital identity verification and e-signatures, will provide an update on its strategic plan to transform the Company and accelerate growth during its Investor Day today, which begins at 9:00 a.m.

Key Points: 
  • OneSpan Inc. (NASDAQ: OSPN), a global leader in digital identity verification and e-signatures, will provide an update on its strategic plan to transform the Company and accelerate growth during its Investor Day today, which begins at 9:00 a.m.
  • OneSpan plans to increase its investments in the second half of 2022 to help accelerate revenue growth beginning in 2023.
  • Unless otherwise noted, references in this press release to OneSpan, Company, we, our, and us refer to OneSpan Inc. and its subsidiaries.
  • OneSpan is a registered or unregistered trademark of OneSpan North America Inc. or its affiliates in the U.S. and other countries.

American Express Global Business Travel Reports Q1 2022 Financial Results and Raises Guidance

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Tuesday, May 17, 2022 - 8:10pm

SME refers to clients Amex GBT considers small-to-medium-sized enterprises, which Amex GBT generally defines as having an expected annual spend on air travel of less than $20 million.

Key Points: 
  • SME refers to clients Amex GBT considers small-to-medium-sized enterprises, which Amex GBT generally defines as having an expected annual spend on air travel of less than $20 million.
  • Non-GAAP financial measures have limitations as analytical tools, and you should not consider them either in isolation or as a substitute for analyzing our results as reported under GAAP.
  • Management believes that these non-GAAP financial measures provide users of our financial information with useful supplemental information that enables a better comparison of our performance or liquidity across periods.
  • Further, we believe that certain debt rating agencies, creditors and credit analysts monitor our Net Debt as part of their assessment of our business.

Light & Wonder Provides Business Strategy Details and Long-Term Targets at 2022 Investor Day

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Tuesday, May 17, 2022 - 1:45pm

(2) We entered into certain cross-currency interest rate swap agreements to achieve more attractive interest rates by effectively converting $460 million of the fixed-rate, U.S.

Key Points: 
  • (2) We entered into certain cross-currency interest rate swap agreements to achieve more attractive interest rates by effectively converting $460 million of the fixed-rate, U.S.
  • (3) Primarily comprised of certain revenue transactions presented as debt in accordance with ASC 470.
  • The forward-looking non-GAAP financial measure targeted Consolidated AEBITDA represents a goal for the Company and does not reflect Company guidance.
  • The forward-looking non-GAAP financial measure targeted net debt leverage ratio represents a goal for the Company and does not reflect Company guidance.

/R E P E A T -- Halo Collective Reports First Quarter 2022 Financial Results; Book Value Per Share of $1.65 ($2.12 CAD)/

Retrieved on: 
Tuesday, May 17, 2022 - 1:30pm

Halo's book value- booking investments at actual adjust costs basis after impairments per IFRS guidelines- is $80.7 million.

Key Points: 
  • Halo's book value- booking investments at actual adjust costs basis after impairments per IFRS guidelines- is $80.7 million.
  • The planned spinout of Halo Tek Inc. is expected to result in a distribution to all Halo shareholders.
  • Akanda successfully listed the Akanda Shares on the Nasdaq Capital Market on March 15, 2022, under the ticker symbol "AKAN .
  • Upon closing the acquisition of PhytoCann, PhytoCann is expected to add substantial net revenue and EBITDA and an impressive CBD-based product lineup to Halo.

SUMR Brands Reports 2022 First Quarter Results

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Tuesday, May 17, 2022 - 1:00pm

WOONSOCKET, R.I., May 17, 2022 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal first quarter ended April 2, 2022.

Key Points: 
  • WOONSOCKET, R.I., May 17, 2022 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal first quarter ended April 2, 2022.
  • Gross profit for the first quarter of 2022 was $7.3 million versus $10.7 million in 2021, while gross margin was 21.1% versus 29.4% last year.
  • General and administrative expenses were $7.9 million in the first quarter of 2022, or 23.1% of net sales, versus $7.0 million in the first quarter of 2021, or 19.4% of net sales.
  • Inventory as of April 2, 2022 was $22.0 million versus $28.6 million at the beginning of fiscal 2022.

Helix Energy Solutions to Acquire Alliance Companies in Gulf of Mexico

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Tuesday, May 17, 2022 - 1:00pm

Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) announced today that it has entered into a definitive agreement to acquire 100% of the equity interests of the Alliance group of companies (collectively Alliance) for $120 million cash at closing, plus the potential for post-closing earnout consideration.

Key Points: 
  • Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) announced today that it has entered into a definitive agreement to acquire 100% of the equity interests of the Alliance group of companies (collectively Alliance) for $120 million cash at closing, plus the potential for post-closing earnout consideration.
  • We are thrilled at the prospect of adding Alliance to the Helix family, and we believe this acquisition is a meaningful step in Helixs responsible participation in this age of Energy Transition.
  • We are excited for the potential combination of Helix and Alliance and the value proposition we can bring to our customers.
  • Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations.

Genius Brands Announces 35% Increase in Revenue for the First Quarter of 2022

Retrieved on: 
Tuesday, May 17, 2022 - 12:00pm

BEVERLY HILLS, Calif., May 17, 2022 (GLOBE NEWSWIRE) -- Genius Brands International, Inc. (“Genius Brands”) (NASDAQ: GNUS), a global brand management company that creates, produces, broadcasts, and licenses entertainment content for children, reported financial results and provided a business update for the first quarter ended March 31, 2022.

Key Points: 
  • Revenues increased 35% in the first quarter of 2022, compared to the same period last year.
  • As a result of the acquisition closing on April 7, 2022, WOW!s results were not included in the Companys first quarter 2022 results.
  • achieved approximately $1 million(2) of net income and approximately $2 million(2) of EBITDA for the first quarter of 2022 (see reconciliation to net income below).
  • Unlimited Media for the quarter ended March 31, 2022; conversion of CAD to USD based on the exchange rate as of May 13, 2022; WOW!