Depreciation

Noodles & Company Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 7, 2024

BROOMFIELD, Colo., March 07, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today announced financial results for the fourth quarter and fiscal year ended January 2, 2024, and provided a 2024 business outlook.

Key Points: 
  • BROOMFIELD, Colo., March 07, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today announced financial results for the fourth quarter and fiscal year ended January 2, 2024, and provided a 2024 business outlook.
  • Key highlights for the fourth quarter of 2023 (13 weeks) compared to the fourth quarter of 2022 (14 weeks) include:
    Total revenue decreased 8.9% to $124.3 million from $136.5 million.
  • Adjusting for the impact of the 53rd week in the fourth quarter of 2022, total revenue decreased $3.1 million in the fourth quarter of 2023, or 2.4%.
  • Noodles & Company will host a conference call to discuss its fourth quarter and fiscal year 2023 financial results on Thursday, March 7, 2024 at 4:30 p.m. EST.

Silvercrest Asset Management Group Inc. Reports Q4 and Year-End 2023 Results

Retrieved on: 
Thursday, March 7, 2024

Silvercrest’s discretionary assets under management increased by $1.0 billion, or 4.8%, to $21.9 billion at December 31, 2023, from $20.9 billion at December 31, 2022.

Key Points: 
  • Silvercrest’s discretionary assets under management increased by $1.0 billion, or 4.8%, to $21.9 billion at December 31, 2023, from $20.9 billion at December 31, 2022.
  • Silvercrest’s discretionary assets under management increased by $1.4 billion, or 6.8%, to $21.9 billion at December 31, 2023, from $20.5 billion at September 30, 2023.
  • Silvercrest’s total AUM increased by $2.1 billion, or 6.7%, to $33.3 billion at December 31, 2023, from $31.2 billion at September 30, 2023.
  • Silvercrest Asset Management Group Inc.’s total equity was $85.0 million at December 31, 2023.

Doman Building Materials Reports 2023 Financial Results

Retrieved on: 
Thursday, March 7, 2024

VANCOUVER, British Columbia, March 07, 2024 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM) announced today its fourth quarter and full year 2023 financial results(1) for the period ended December 31, 2023.

Key Points: 
  • VANCOUVER, British Columbia, March 07, 2024 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM) announced today its fourth quarter and full year 2023 financial results(1) for the period ended December 31, 2023.
  • The decrease was largely due to the impact of lower construction materials pricing, which resulted in lower average pricing for lumber, plywood and OSB during the current year.
  • The Company is pleased that while it experienced lower average pricing, this was partially offset by increased unit volumes during 2023.
  • The Company declared a total of $0.56 per share(3) in dividends in 2023, which was unchanged compared to 2022.

Nephros Announces Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Thursday, March 7, 2024

SOUTH ORANGE, NJ, March 07, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Nephros, Inc. (Nasdaq: NEPH), a leading water technology company providing filtration solutions to the medical and commercial markets, today announced financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • Net revenue for the fourth quarter of 2023 was $3.3 million, compared with $2.6 million in the fourth quarter of 2022, an increase of 27%.
  • Gross margin for the fourth quarter of 2023 was 62%, compared with 59% in the fourth quarter of 2022.
  • Research and development expenses for the fourth quarter of 2023 were $0.2 million, compared with $0.4 million in the fourth quarter of 2022, a decrease of 42%.
  • Adjusted EBITDA loss from continuing operations for the fourth quarter 2023 was approximately ($0.1 million), compared with approximately ($0.5 million) in the fourth quarter of 2022.

Alimera Sciences Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, March 7, 2024

ATLANTA, March 07, 2024 (GLOBE NEWSWIRE) -- Alimera Sciences, Inc. (Nasdaq: ALIM) (Alimera), a global pharmaceutical company whose mission is to be invaluable to patients, physicians and partners concerned with retinal health and maintaining better vision longer, today announced financial results for the fourth quarter and full year 2023. Alimera will host a conference call today at 9:00 a.m. EDT to discuss these results.

Key Points: 
  • Alimera will host a conference call today at 9:00 a.m. EDT to discuss these results.
  • “We are proud to have achieved positive Adjusted EBITDA during the fourth quarter of 2023, while maintaining a consistent net loss compared to the fourth quarter of 2022, despite facing greater interest and amortization expenses following the YUTIQ acquisition.
  • For 2023, international net revenue increased 21% to approximately $24.0 million for 2023, compared to approximately $19.9 million in 2022.
  • All callers should dial in approximately 10 minutes prior to the scheduled start time and ask to be joined into the Alimera Sciences call.

Methode Electronics, Inc. Reports Fiscal 2024 Third Quarter Financial Results

Retrieved on: 
Thursday, March 7, 2024

CHICAGO, March 07, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the third quarter of fiscal 2024 ended January 27, 2024.

Key Points: 
  • CHICAGO, March 07, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the third quarter of fiscal 2024 ended January 27, 2024.
  • We plan to share an update on our business review when we report fiscal fourth quarter results in June.
  • Comparing the Automotive segment’s quarter to the same quarter of fiscal 2023,
    Net sales were $139.7 million, down from $176.5 million.
  • Comparing the Industrial segment’s quarter to the same quarter of fiscal 2023,
    Net sales were $107.1 million, up from $91.0 million.

Acorn’s 2023 EPS Improves to $0.05 vs. ($0.25) Loss Per Share on 15% Revenue Increase; Anticipates Continued Revenue and Earnings Growth in 2024

Retrieved on: 
Thursday, March 7, 2024

Leveraging growth in both monitoring and hardware revenue we advanced our full year gross margin to 74.5% in 2023 vs. 72.4% in 2022.

Key Points: 
  • Leveraging growth in both monitoring and hardware revenue we advanced our full year gross margin to 74.5% in 2023 vs. 72.4% in 2022.
  • Our 2023 performance was achieved despite $102,000 of one-time expenses (approximately $0.04 per share) for our 1-for-16 reverse stock-split successfully completed in Q3.
  • “We made encouraging progress during 2023 and the beginning of 2024 in bringing Demand Response (DR) programs to market.
  • Acorn generated $72,000 of cash from operating activities and used $78,000 for hardware, software and other capital investments in fiscal year 2023.

Duluth Holdings Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results

Retrieved on: 
Thursday, March 7, 2024

MOUNT HOREB, Wis., March 07, 2024 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading” or the “Company”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s workwear, casual wear, outdoor apparel and accessories, today announced its financial results for the fiscal fourth quarter and fiscal year ended January 28, 2024.

Key Points: 
  • Fourth quarter Net Sales increased 1.6% year-over-year to $245.6 million; diluted EPS of $0.21
    MOUNT HOREB, Wis., March 07, 2024 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading” or the “Company”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s workwear, casual wear, outdoor apparel and accessories, today announced its financial results for the fiscal fourth quarter and fiscal year ended January 28, 2024.
  • President and CEO Sam Sato commented, “While fiscal 2023 was a challenging year as consumers remained selective in their discretionary spend, our fourth quarter was highlighted by growth in both the Duluth and AKHG brands driven by our women’s business which registered year-over-year growth of 12%.
  • Direct-to-consumer net sales increased by 8.9% to $172.2 million compared to the fourth quarter last year driven by higher conversion rates and greater penetration of mobile.
  • The Company ended the quarter with a cash balance of approximately $32.2 million, net working capital of $78.5 million and no outstanding Duluth Trading bank debt.

Burlington Stores, Inc. Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, March 7, 2024

Michael O’Sullivan, CEO, stated, “Our performance in the fourth quarter exceeded our guidance.

Key Points: 
  • Michael O’Sullivan, CEO, stated, “Our performance in the fourth quarter exceeded our guidance.
  • Diluted weighted average shares outstanding amounted to 64.4 million during the quarter compared with 65.4 million during the fourth quarter of Fiscal 2022.
  • During the fourth quarter the Company repurchased 605,311 shares of its common stock under its share repurchase program for $103 million.
  • ET to discuss the Company’s fourth quarter and fiscal 2023 results.

Investor Notice: Robbins LLP Informs Investors of Class Action Filed Against Lyft, Inc. (LYFT)

Retrieved on: 
Wednesday, March 6, 2024

According to the complaint, Lyft issued a press release and accompanying Supplement Data announcing its year-end and fourth quarter 2023 operating results after the close of the market (at 4:05 p.m.) on February 13, 2024. The Lyft press release and Supplemental Data (at page 10) misrepresented in a bulleted line item that Lyft anticipated “Adjusted EBITDA [Earnings Before Interest Taxes Depreciation and Amortization] margin expansion (calculated as a percentage of Gross Bookings) of approximately 500 basis points year-over-year.” Inasmuch as Lyft had reported 2023 EBITDA margins of approximately 1.6%, a 500 basis point (or 5.0%) margin expansion would have increased profitability to 6.6% -- or by over three times historical results. News services and stock analysts reported promptly on the four-fold anticipated increase in profitability. However, the 500 basis point margin expansion was stated in error; in reality, the basis point margin expansion was just 50 points.

Key Points: 
  • For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
  • However, the 500 basis point margin expansion was stated in error; in reality, the basis point margin expansion was just 50 points.
  • A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.
  • If you choose to take no action, you can remain an absent class member.