Depreciation

Loop Media Reports Fiscal Second Quarter 2023 Financial Results

Retrieved on: 
Friday, May 12, 2023

Loop Media, Inc. (“Loop Media” or “Loop” or the “Company”) (NYSE American: LPTV), a leading multichannel streaming platform that provides curated music video and branded entertainment channels for businesses, is reporting financial and operating results for its fiscal second quarter ended March 31, 2023.

Key Points: 
  • Loop Media, Inc. (“Loop Media” or “Loop” or the “Company”) (NYSE American: LPTV), a leading multichannel streaming platform that provides curated music video and branded entertainment channels for businesses, is reporting financial and operating results for its fiscal second quarter ended March 31, 2023.
  • Gross profit in the fiscal second quarter of 2023 increased slightly to $1.6 million compared to $1.4 million for the same period in fiscal 2022.
  • Adjusted EBITDA in the fiscal second quarter of 2023 was $(5.6) million compared to $(3.0 million for the same period in fiscal 2022.
  • The Company will conduct a conference call today, May 11, 2023, at 5:00 p.m. Eastern Daylight Time to discuss financial and operating results for its second quarter ended March 31, 2022.

Leafly Holdings, Inc. Reports First Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 11, 2023

Leafly ended Q1 with 5,702 retail accounts, a 5% increase over Q1 2022 as retailers in existing and new recreational markets adopted the Leafly platform.

Key Points: 
  • Leafly ended Q1 with 5,702 retail accounts, a 5% increase over Q1 2022 as retailers in existing and new recreational markets adopted the Leafly platform.
  • Today, Leafly is issuing second quarter 2023 guidance.
  • For more information regarding the non-GAAP financial measures discussed in this communication, please see “Non-GAAP Financial Measures” below.
  • Leafly will host a conference call and webcast to discuss the results today, Thursday, May 11, 2023 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Safe & Green Holdings Corp. Reports 230% Year Over Year Increase in Construction Services Revenue for the First Quarter of 2023

Retrieved on: 
Thursday, May 11, 2023

We are now focusing on four distinct verticals, each offering multiple opportunities for revenue growth, business expansion, and shareholder value enhancement.

Key Points: 
  • We are now focusing on four distinct verticals, each offering multiple opportunities for revenue growth, business expansion, and shareholder value enhancement.
  • For accounting reasons, these reported assets do not reflect the third-party appraised value of $74 million for Safe & Green Development Corporation (“SG DevCo”) alone.
  • The construction services segment generated $5.5 million in revenue, a 230% increase, compared to the same period last year.
  • Operating expenses for the first quarter of 2023 were $2.8 million, compared to $2.1 million for the first quarter of 2022.

Sonic Foundry Announces Fiscal Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 11, 2023

Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader in video creation and management solutions, and virtual and hybrid events, today announced consolidated financial results for its 2023 fiscal second quarter ended March 31, 2023.

Key Points: 
  • Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader in video creation and management solutions, and virtual and hybrid events, today announced consolidated financial results for its 2023 fiscal second quarter ended March 31, 2023.
  • Highlights for the Second Quarter Ended March 31, 2023:
    Second quarter billings from combined business lines increased 50% over the prior-year quarter.
  • Event revenue in the fiscal second quarter of 2023 was $945 thousand, compared with $998 thousand reported in the comparable year-ago quarter.
  • Gross margin was $3.3 million for the fiscal second quarter of fiscal 2023, compared with $5.2 million in the same period of the prior fiscal year.

BIOLASE MAINTAINS MOMENTUM AND REPORTS NINTH CONSECUTIVE QUARTER OF YEAR-OVER-YEAR GROWTH; REITERATES FULL YEAR GUIDANCE OF AT LEAST 25% REVENUE GROWTH AND PROFITABILITY FOR FULL YEAR 2023

Retrieved on: 
Thursday, May 11, 2023

LAKE FOREST, Calif., May 11, 2023 /PRNewswire/ -- BIOLASE, Inc. (NASDAQ: BIOL), the global leader in dental lasers, today announced its financial results for the first quarter ended March 31, 2023.

Key Points: 
  • Net revenue for the quarter ended March 31, 2023 was $10.5 million, an increase of 3% compared to net revenue of $10.2 million for the quarter ended March 31, 2022.
  • U.S. laser revenue was $3.5 million for the quarter ended March 31, 2023, a decrease of 14% compared to U.S. laser revenue of $4.0 million for the quarter ended March 31, 2022.
  • International laser revenue was $2.8 million for the quarter ended March 31, 2023, up 22% compared to $2.3 million for the quarter ended March 31, 2022.
  • Gross margin for the quarter ended March 31, 2023 was 32% compared to 47% for the quarter ended March 31, 2022.

Motorsport Games Reports First Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 11, 2023

As of April 30, 2023, the Company’s cash and cash equivalents has reduced further to $4.9 million.

Key Points: 
  • As of April 30, 2023, the Company’s cash and cash equivalents has reduced further to $4.9 million.
  • Adjusted EBITDA (the “Non-GAAP Measure”) is not a financial measure defined by U.S. generally accepted accounting principles (“U.S.
  • ET today, May 11, 2023, to discuss its financial results.
  • Alternatively, participants may access the live webcast on the Motorsport Games Investor Relations website at https://ir.motorsportgames.com under “Events.”

eGain Reports Fiscal 2023 Third Quarter Financial Results

Retrieved on: 
Thursday, May 11, 2023

SUNNYVALE, Calif., May 11, 2023 (GLOBE NEWSWIRE) -- eGain (Nasdaq: EGAN), a leading knowledge platform for customer engagement, today announced financial results for its fiscal 2023 third quarter ended March 31, 2023.

Key Points: 
  • SUNNYVALE, Calif., May 11, 2023 (GLOBE NEWSWIRE) -- eGain (Nasdaq: EGAN), a leading knowledge platform for customer engagement, today announced financial results for its fiscal 2023 third quarter ended March 31, 2023.
  • For the fourth quarter of fiscal 2023 ending June 30, 2023, eGain expects:
    Total revenue of between $23.4 million to $24.0 million.
  • For the fiscal 2023 full year ending June 30, 2023, eGain expects:
    Total revenue of between $96.8 million to $97.4 million.
  • eGain will discuss its fiscal 2023 third quarter results today via teleconference at 2:00 p.m. Pacific Time.

Inotiv, Inc. Announces Second Quarter Fiscal 2023 Financial Results

Retrieved on: 
Thursday, May 11, 2023

Based on current information, we expect legal and third party fees to be lower in the third quarter of fiscal 2023.

Key Points: 
  • Based on current information, we expect legal and third party fees to be lower in the third quarter of fiscal 2023.
  • Further, consolidated net loss included $21.0 million of interest expense during YTD FY 2023, up from $12.4 million in YTD FY 2022.
  • In the first fiscal quarter of 2023, the Company initiated the relocation of two RMS facilities in Indianapolis, IN, which are expected to be completed by June 30, 2023.
  • Management will host a conference call on Thursday, May 11, 2023, at 4:30 pm ET to discuss second quarter results for fiscal year 2023.

Doman Building Materials Reports First Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 11, 2023

VANCOUVER, British Columbia, May 11, 2023 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM; DBM.NT.A) announced today its first quarter 2023 financial results(1) for the period ended March 31, 2023.

Key Points: 
  • VANCOUVER, British Columbia, May 11, 2023 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM; DBM.NT.A) announced today its first quarter 2023 financial results(1) for the period ended March 31, 2023.
  • The decrease in revenues is largely due to the impact of construction materials pricing, which peaked in the comparative period in 2022.
  • Gross margin dollars were $98.2 million in the three-month period versus $132.6 million in the comparative quarter of 2022.
  • Gross margin percentage increased to 16.1% in the quarter, an improvement from 15.6% achieved in the same quarter of 2022.

IntelGenx Reports First Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 11, 2023

SAINT LAURENT, Quebec, May 11, 2023 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. (TSX:IGX) (OTCQB:IGXT) (the "Company" or "IntelGenx") today reported financial results for the first quarter ended March 31, 2023.

Key Points: 
  • SAINT LAURENT, Quebec, May 11, 2023 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. (TSX:IGX) (OTCQB:IGXT) (the "Company" or "IntelGenx") today reported financial results for the first quarter ended March 31, 2023.
  • 2023 First Quarter Financial Summary:
    Revenue was $162,000, compared to $237,000 in the 2022 first quarter.
  • Operating costs and expenses were $2.8 million for the first quarter of 2023, versus $2.5 million for the corresponding three-month period of 2022.
  • IntelGenx will host a conference call to discuss these first quarter 2023 financial results today at 4:30 p.m.