Test

Everest Medicines' Partner Venatorx Receives FDA Acceptance and Priority Review of New Drug Application for Cefepime-Taniborbactam to Treat Complicated Urinary Tract Infections (cUTI)

Retrieved on: 
Tuesday, August 15, 2023

The FDA has granted Priority Review of the NDA with a Prescription Drug User Fee Act (PDUFA) target action date of Feb. 22, 2024.

Key Points: 
  • The FDA has granted Priority Review of the NDA with a Prescription Drug User Fee Act (PDUFA) target action date of Feb. 22, 2024.
  • "We congratulate our partner for achieving this important milestone and bringing cefepime-taniborbactam a step closer to reaching patients confronted with antibacterial resistant infections.
  • "In Asia, the challenges we are facing from MDR infections are more urgent and severe.
  • The company is also actively developing other important antibacterial drug candidates for combating the increasing MDR infections in China and the rest of Asia.

ESCO Reports Third Quarter Fiscal 2023 Results

Retrieved on: 
Tuesday, August 8, 2023

St. Louis, Aug. 08, 2023 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today reported its operating results for the third quarter ended June 30, 2023 (Q3 2023).

Key Points: 
  • St. Louis, Aug. 08, 2023 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today reported its operating results for the third quarter ended June 30, 2023 (Q3 2023).
  • Q3 2023 Adjusted EPS increased 22 percent to $1.09 per share compared to $0.89 per share in Q3 2022.
  • Bryan Sayler, Chief Executive Officer and President, commented, “Q3 was another strong quarter with a number of positive developments.
  • The Company will host a conference call today, August 8, at 4:00 p.m. Central Time, to discuss the Company’s Q3 2023 results.

Transcat accelerates the growth of its high margin rental business with the acquisition of Axiom Test Equipment, Inc.

Retrieved on: 
Tuesday, August 8, 2023

Founded in 2005, Axiom is an established rental provider of Electronic Test Equipment to customers across the United States.

Key Points: 
  • Founded in 2005, Axiom is an established rental provider of Electronic Test Equipment to customers across the United States.
  • Axiom has an in-house ISO 17025 lab, which is primarily utilized for internal calibrations and equipment repair services.
  • “Axiom is a well-established, fast-growing player in the Test Equipment rental market.
  • Our combined Rental business is expected be approximately $24 million in revenue, with expected Gross Margins above 55%,” according to Lee Rudow, President and Chief Executive Officer.

VPG Reports Fiscal 2023 Second Quarter Results

Retrieved on: 
Tuesday, August 8, 2023

Second Fiscal Quarter and Six Month Financial Trends:

Key Points: 
  • Second Fiscal Quarter and Six Month Financial Trends:
    The Company's second fiscal quarter 2023 net earnings attributable to VPG stockholders were $8.2 million, or $0.60 per diluted share, compared to $10.8 million, or $0.79 per diluted share, in the second fiscal quarter of 2022.
  • The Sensors segment revenue of $36.3 million in the second fiscal quarter of 2023 decreased 10.0% from $40.3 million in the second fiscal quarter of 2022; sequentially, revenue decreased 1.3% compared to $36.7 million in the first fiscal quarter of 2023.
  • Gross profit margin for the Weighing Solutions segment was 38.7% for the second fiscal quarter of 2023, which increased compared to 33.7% in the second fiscal quarter of 2022, and increased compared to 34.9% in the first fiscal quarter of 2023.
  • The Measurement Systems segment revenue of $23.3 million in the second fiscal quarter of 2023 increased 17.1% year-over-year from $19.9 million in the second fiscal quarter of 2022 and was 14.8% higher than $20.3 million in the first fiscal quarter of 2023.

Automation Testing Market to Hit $92.45 Billion by 2030: Grand View Research, Inc.

Retrieved on: 
Monday, August 7, 2023

Mobile application usage is growing across various end-user industries, and smartphone penetration is rising, opening an attractive potential for market expansion.

Key Points: 
  • Mobile application usage is growing across various end-user industries, and smartphone penetration is rising, opening an attractive potential for market expansion.
  • Furthermore, there is a rising demand for automation testing as web-based applications have developed significantly and new software technologies have emerged.
  • The emerging use of RPA to automate time-consuming, error-prone manual processes are just a few instances of the usage of AI & ML in automation testing.
  • Similarly, Applitools Eyes, Testim, and Test.ai are more automation testing tools propelling the market growth.

Automation Testing Market to Hit $92.45 Billion by 2030: Grand View Research, Inc.

Retrieved on: 
Monday, August 7, 2023

Mobile application usage is growing across various end-user industries, and smartphone penetration is rising, opening an attractive potential for market expansion.

Key Points: 
  • Mobile application usage is growing across various end-user industries, and smartphone penetration is rising, opening an attractive potential for market expansion.
  • Furthermore, there is a rising demand for automation testing as web-based applications have developed significantly and new software technologies have emerged.
  • The emerging use of RPA to automate time-consuming, error-prone manual processes are just a few instances of the usage of AI & ML in automation testing.
  • Similarly, Applitools Eyes, Testim, and Test.ai are more automation testing tools propelling the market growth.

Astronics Corporation Reports 2023 Second Quarter Financial Results

Retrieved on: 
Thursday, August 3, 2023

Second Quarter 2023 Results (compared with the prior-year period, unless noted otherwise)

Key Points: 
  • Second Quarter 2023 Results (compared with the prior-year period, unless noted otherwise)
    Consolidated sales were up $45.3 million, or 35.1%, from the second quarter of 2022, and up 11.4% sequentially.
  • Aerospace Second Quarter 2023 Results (compared with the prior-year period, unless noted otherwise)
    Aerospace segment sales increased $49.1 million, or 44.9%, to $158.4 million, and up 16.8% sequentially.
  • Backlog was $88.5 million at the end of the second quarter of 2023 compared with backlog of $83.6 million at the end of the second quarter of 2022.
  • Cash used for operations was $2.0 million in second quarter of 2023, improving from cash used of $19.2 million in the prior quarter.

ATN acquires exclusive Broadcast rights for Cricket "West Indies vs India, England, South Africa & Bangladesh"

Retrieved on: 
Monday, July 10, 2023

The final leg of the tour - the last two T20Is - will be hosted at the ground in Lauderhill in Florida, USA.

Key Points: 
  • The final leg of the tour - the last two T20Is - will be hosted at the ground in Lauderhill in Florida, USA.
  • India's Test team is facing West Indies after their last performance in the WTC final against Australia.
  • "World Class Cricket has been a common denominator in our Program Planning "said Dr. Shan Chandrasekar, President and CEO of ATN.
  • Apart from the Cricket West Indies Rights, ATN also holds the exclusive rights for New Zealand Cricket for the next season and will feature tours of Bangladesh, South Africa and Australia.

Scientific Systems Hires Air Force Veteran David "Heat" Lyons as VP of Business Development

Retrieved on: 
Thursday, July 6, 2023

He is a retired United States Air Force Colonel who commanded at the squadron, group, and installation level, in and out of combat.

Key Points: 
  • He is a retired United States Air Force Colonel who commanded at the squadron, group, and installation level, in and out of combat.
  • As an F-16 Fighter Pilot, Lyons is a graduate of the United States Air Force Weapons School and later returned as an instructor.
  • Lyons has served in staff assignments at the Headquarters Air Force, Sub-Unified Command, and the Joint Research, Development, Test, and Evaluation level at DARPA.
  • Lyons was previously the Growth Lead at Spectrum Systems, Mercury Systems.

Advantest to Display Innovative Test Technology and Industry Leadership at SEMICON West 2023, July 11-13, in San Francisco

Retrieved on: 
Thursday, July 6, 2023

Under the theme “Beyond the Technology Horizon,” Advantest will highlight its wide portfolio of leading-edge test technology for applications including advanced memory, 5G, AI and high-performance computing (HPC).

Key Points: 
  • Under the theme “Beyond the Technology Horizon,” Advantest will highlight its wide portfolio of leading-edge test technology for applications including advanced memory, 5G, AI and high-performance computing (HPC).
  • Advantest’s booth #1035 in the South Hall will feature key products, displaying the breadth of the company’s dynamic test solutions and service capabilities.
  • All-in-one NAND test solutions featuring T5851-STM16G tester for NVMe system-level test, T5835 high-speed memory tester and T5221 NAND/NVM multi-wafer test solution.
  • Advantest will also play an active role in this year’s Test Vision Symposium on July 12-13, held concurrent with SEMICON West.