Reinsurance

Can B Corp. Reports Growth of 51% to $2.9 Million Revenue for Third Quarter 2022, the Highest Quarterly Revenue in Company History

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Tuesday, November 22, 2022
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HICKSVILLE, NY, Nov. 22, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Can B Corp. (OTCQB: CANB) (“Can B” or the “Company”), a health and wellness company specializing in developing, producing, and selling hemp-derived cannabinoid products, today announced the Company's financial results for the third quarter and nine months ended September 30, 2022.

Key Points: 
  • We generated $2.9 million in quarterly revenue while reducing our cash burn as demonstrated by the 25% decrease in Adjusted EBITDA.
  • It is great to see all the challenging work pay off and result in accelerating revenue growth and a reduction in cash losses.
  • With our proven manufacturing and distribution capabilities, we are now executing major strategic agreements, such as the recently announced deal with Brooke Burke.
  • Can B is now a full-service hemp-derived cannabinoid company that can facilitate servicing large box retailers, boutique vape and smoke stores, and strategic partners.

WaveDancer Releases Third Quarter 2022 Results

Retrieved on: 
Monday, November 21, 2022
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FAIRFAX, Va., Nov. 21, 2022 (GLOBE NEWSWIRE) -- WaveDancer (NASDAQ: WAVD), reported its results for the third quarter ended September 30, 2022, which was characterized by an increased emphasis on professional services that generate higher gross margin for the company, as well as continued investment in the Companys move to become a leading provider of blockchain software as it signed its first commercial customer.

Key Points: 
  • FAIRFAX, Va., Nov. 21, 2022 (GLOBE NEWSWIRE) -- WaveDancer (NASDAQ: WAVD), reported its results for the third quarter ended September 30, 2022, which was characterized by an increased emphasis on professional services that generate higher gross margin for the company, as well as continued investment in the Companys move to become a leading provider of blockchain software as it signed its first commercial customer.
  • Benoit added, In our professional services business we continued our shift toward professional services that generate higher gross margin for the company.
  • This release may contain forward-looking statements regarding the Company's business, customer prospects, or other factors that may affect future earnings or financial results.
  • Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in the forward-looking statements.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Argo Group International Holdings, Ltd. (ARGO)

Retrieved on: 
Monday, November 21, 2022
Argo Group, GPM, Defendant, Court, ARGO, Argo, News, NYSE, Suite, Investment, Reinsurance

You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

Key Points: 
  • You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
  • Specifically, Argo expects net adverse prior year reserve development to be in the range of $130 million to $140 million.
  • On this news, Argos stock price fell $7.11, or 13.7%, to close at $44.76 per share on February 9, 2022, thereby injuring investors.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

Bombardier Announces Expiration of Early Tender Date and Amendments for its Cash Tender Offer for Certain Outstanding Senior Notes

Retrieved on: 
Monday, November 21, 2022
Mini-tender offer, Tender offer, Nature, Tender, Date, RBC Capital Markets, Accrued interest, Trustee, Debt-to-GDP ratio, Corporation, Bombardier Inc., Cryptocurrency, Reinsurance, Security (finance), Note, Bombardier

There can be no assurance that the Corporation will further amend or waive any terms of the Tender Offer to accept any Notes tendered after the Early Tender Date or amend the Tender Offer in any other respect.

Key Points: 
  • There can be no assurance that the Corporation will further amend or waive any terms of the Tender Offer to accept any Notes tendered after the Early Tender Date or amend the Tender Offer in any other respect.
  • Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender.
  • Bombardier has retained RBC Capital Markets, LLC and Morgan Stanley & Co. LLC to serve as dealer managers for the Tender Offer.
  • Bombardier has retained Global Bondholder Services Corporation to act as the information and tender agent in respect of the Tender Offer.

Nano Labs Announces Third Quarter 2022 Financial Results

Retrieved on: 
Thursday, November 17, 2022
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HANGZHOU, China, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (we, the Company or Nano Labs), a leading fabless integrated circuit design company and product solution provider in China, today announced its unaudited financial results as of September 30, 2022 and for the three months ended September 30, 2022.

Key Points: 
  • HANGZHOU, China, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (we, the Company or Nano Labs), a leading fabless integrated circuit design company and product solution provider in China, today announced its unaudited financial results as of September 30, 2022 and for the three months ended September 30, 2022.
  • In the third quarter of 2022, we saw a significant increase in our product delivery and net revenue.
  • Through our continuous efforts, our product delivery volume increased significantly in the third quarter of 2022.
  • The Company will host an earnings conference call to discuss its financial results at 8:30 am U.S. Eastern Time (9:30 pm Beijing Time) on November 17, 2022.

PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2022

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Wednesday, November 16, 2022
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ET ON NOVEMBER 17, 2022

Key Points: 
  • ET ON NOVEMBER 17, 2022
    PennantPark Floating Rate Capital Ltd. (we, our, us or the Company) will also host a conference call at 9:00 a.m. (Eastern Time) on Thursday November 17, 2022 to discuss its financial results.
  • Set forth below are the results of operations for the three months and years ended September 30, 2022 and 2021.
  • Expenses for the three months ended September 30, 2022 and 2021 totaled $16.1 million and $12.3 million, respectively.
  • We monitor available net investment income to determine if a return of capital for tax purposes may occur for the fiscal year.

Skylight Health Group Reports Third Quarter 2022 Financial Results

Retrieved on: 
Wednesday, November 16, 2022
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TORONTO, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Skylight Health Group Inc. (TSXV:SLHG; OTCQX:SLHGF) (Skylight Health or the Company), a multi-state primary care management group in the United States, today announced its financial results for the third quarter ended September 30, 2022.

Key Points: 
  • TORONTO, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Skylight Health Group Inc. (TSXV:SLHG; OTCQX:SLHGF) (Skylight Health or the Company), a multi-state primary care management group in the United States, today announced its financial results for the third quarter ended September 30, 2022.
  • Adjusted EBITDA loss reduced by 27% from the previous quarter to $3.97 million compared to $5.4 million in the previous quarter.
  • Prad Sekar, CEO of Skylight Health, said, We are pleased with our third quarter results, taking another major step towards achieving the goals we set for 2022.
  • This increase was primarily a result of a full quarter of revenue from the acquisition of NMD in Q2 2022.

Beazley and Assureful launch industry first usage-based liability insurance for e-commerce businesses

Retrieved on: 
Tuesday, November 15, 2022
E-commerce, Professional, Machine learning, Risk, Pain, Commercial general liability insurance, Insurance, Central Bank of Ireland, Life, Policy, Central bank, Incubation, Assurant, Fitch, Commercial, Uncertainty, Natural language processing, Data science, Life insurance, Reinsurance

London, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Specialist insurer Beazley has partnered with Assureful to offer the industrys first, usage-based liability insurance solution for e-commerce companies.

Key Points: 
  • London, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Specialist insurer Beazley has partnered with Assureful to offer the industrys first, usage-based liability insurance solution for e-commerce companies.
  • Assureful, which worked with Beazleys Incubation Underwriting team to create this new insurance solution has also been appointed a Lloyds Coverholder.
  • Neil Kempston, Incubation Underwriter at Beazley, commented: By working with Assureful, Beazley is supporting the markets first direct digital distribution of usage-based liability insurance.
  • Data and technology have allowed us to develop a truly usage-based Commercial General Liability insurance product for eCommerce businesses of all sizes.

OMNIQ REPORTS RECORD REVENUE OF $27M FOR Q3 2022 UP 32% OVER Q3 2021 AND RECORD 9 MONTH REVENUE OF $77.5M UP 45% OVER SAME PERIOD OF 2021. - Updated

Retrieved on: 
Monday, November 14, 2022
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Gross margin for the 9-month period up to 23% compared to 20% in the same period of 2021.

Key Points: 
  • Gross margin for the 9-month period up to 23% compared to 20% in the same period of 2021.
  • Improved adjusted EBITDA for 9 months ended September 30, 2022 by $2M compared to same period of 2021.
  • We delivered a record Q3 with organic revenue growth of 32% resulting in $27 million.
  • In addition, we saw our 9 month revenue come in at $77 million, up 45% over the same period in 2021.

Mydecine Reports Financial Results for the Third Quarter of Fiscal Year 2022

Retrieved on: 
Monday, November 14, 2022
Mental health, Use, CAD, University, Same, Drug development, World Intellectual Property Organization, Indian stock exchange, Psilocybin, MDMA, NEO, OTC, Addiction, Johns Hopkins University, Communication, Union, PCT, Artificial intelligence, Share (finance), Leiden University Medical Center, NIDA, Smoking, Family, Imperial College London, FDA, Food, Machine learning, Patent, Research, Consultant, Clinical trial, FSE, Macquarie University, Letter, Johns Hopkins School of Medicine, Digital technology, JHU, Pharmaceutical industry, Reinsurance, Fine chemical, Q3

During the September 2022 reporting period, the Company signed a Letter of Intent to sell its digital technology subsidiary, Mindleap Health Inc.

Key Points: 
  • During the September 2022 reporting period, the Company signed a Letter of Intent to sell its digital technology subsidiary, Mindleap Health Inc.
  • The platform remained, and remains, available to subscribers and continued to generate operating revenues and expenses through September 30, 2022.
  • On September 16, 2022, the Company completed a private placement and issued 1,754,386 common shares for gross proceeds of $1,000,000.
  • On August 16, 2022, the Company completed a private placement and issued 326,666 common shares for gross proceeds of $245,000.