Accounting standards

ATA Creativity Global Reports First Quarter 2021 Financial Results

Retrieved on: 
Thursday, May 13, 2021
Accounting standards, Accounting, Bas, GAAP

ATA Creativity Global offers a wide range of education services consisting primarily of portfolio training, research-based learning services, overseas study counselling and other educational services through its training center network.

Key Points: 
  • ATA Creativity Global offers a wide range of education services consisting primarily of portfolio training, research-based learning services, overseas study counselling and other educational services through its training center network.
  • These non-GAAP financial measures also facilitate management\xe2\x80\x99s internal comparisons to ACG\xe2\x80\x99s historical performance.
  • ACG computes its non-GAAP financial measures using a consistent method from\xc2\xa0period to period.
  • ACG believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making.

HyreCar Announces Record First Quarter 2021 Financial Results

Retrieved on: 
Thursday, May 13, 2021
Other Transport, Technology, Mobile, Wireless, Automotive, General Automotive, Transport, Other Technology, Software, Fleet management, Economy, Financial services, Money, Accounting standards, Amortization, Loans, Real estate, Bas, GAAP, Earnings before interest, taxes, depreciation and amortization

See the reconciliations of these measures to their respective most directly comparable GAAP measure below in this press release.\nTotal revenue in the first quarter of 2021, increased 29% to a record $7.4 million, compared to $5.8 million, in the first quarter of 2020.

Key Points: 
  • See the reconciliations of these measures to their respective most directly comparable GAAP measure below in this press release.\nTotal revenue in the first quarter of 2021, increased 29% to a record $7.4 million, compared to $5.8 million, in the first quarter of 2020.
  • Revenue growth in the first quarter was primarily driven by rental days increasing 31% to approximately 300,000 in the first quarter March 31, 2021.\nGross profit for the first quarter of 2021 was $2.7 million, increasing from $2.2 million in the same period last year.
  • Adjusted net loss for the first quarter, after excluding certain non-cash stock-based compensation, depreciation and amortization, was $3.4 million, or $(0.16) per share.
  • HYRE uses the non-GAAP financial measures in evaluating its operating results and for financial and operational decision-making purposes.\nThe accompanying tables provide more detail on the GAAP financial measures that are most directly comparable to the non-GAAP financial measures described above and the related reconciliations between these financial measures.

Revance Reports First Quarter 2021 Financial Results, Provides Corporate Update

Retrieved on: 
Monday, May 10, 2021
Biotechnology, Pharmaceutical, Health, Other Health, Expense, Accounting standards, Operating expense, Bas, SG&A, Finance, Economy, Business

b'Revance Therapeutics, Inc. (Nasdaq: RVNC), a biotechnology company focused on innovative aesthetic and therapeutic offerings, today reported financial results for the first quarter ended March 31, 2021 and provided a corporate update.\nRevenue for the first quarter 2021 totaled $13.3 million compared to $0.1 million for the first quarter 2020.

Key Points: 
  • b'Revance Therapeutics, Inc. (Nasdaq: RVNC), a biotechnology company focused on innovative aesthetic and therapeutic offerings, today reported financial results for the first quarter ended March 31, 2021 and provided a corporate update.\nRevenue for the first quarter 2021 totaled $13.3 million compared to $0.1 million for the first quarter 2020.
  • Excluding these expenses, non-GAAP SG&A expenses were $40.8 million for the first quarter 2021.\nResearch and development (R&D) expenses for the first quarter 2021 were $27.3 million compared to $39.8 million for the first quarter 2020.
  • Excluding these expenses, non-GAAP R&D expenses were $23.5 million for the first quarter 2021.\nTotal operating expenses for the first quarter 2021 were $83.3 million compared to $61.0 million for first quarter 2020.
  • Revance management uses these non-GAAP financial measures to monitor and evaluate its operating results and trends on an on-going basis, and internally for operating, budgeting and financial planning purposes.

Digital Media Solutions, Inc. Announces Preliminary Q1 2021 Financial Results And Q2 Guidance

Retrieved on: 
Monday, May 10, 2021
Marketing, Advertising, Communications, Technology, Software, Internet, Communication, Forward-looking statement, Reconciliation, Financial services, Articles, GAAP, Accounting, Financial statements, Accounting standards, Auditor's report

In light of the foregoing, the results included in this press release are preliminary and subject to review and change.

Key Points: 
  • In light of the foregoing, the results included in this press release are preliminary and subject to review and change.
  • These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
  • A reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures can be found below.
  • We believe that presentation of these non-GAAP financial measures provides useful information to investors regarding our results of operations.

Acceleron Reports First Quarter 2021 Financial Results

Retrieved on: 
Thursday, May 6, 2021
Biotechnology, Sports, Health, Pharmaceutical, Biking, Cycling, Financial services, Accounting, Economy, Accounting standards, Intangible assets, Amortization, Loans, Real estate, GAAP, Bas

Non-GAAP R&D expenses were $48.2 million for the first quarter of 2021, excluding $8.2 million and $0.9 million in non-cash, stock-based compensation and depreciation and amortization expense, respectively.\nSG&A Expenses - GAAP SG&A expenses were $31.1 million for the first quarter of 2021.

Key Points: 
  • Non-GAAP R&D expenses were $48.2 million for the first quarter of 2021, excluding $8.2 million and $0.9 million in non-cash, stock-based compensation and depreciation and amortization expense, respectively.\nSG&A Expenses - GAAP SG&A expenses were $31.1 million for the first quarter of 2021.
  • These results should not be viewed as a substitute for the Company\xe2\x80\x99s GAAP results and are provided as a complement to results provided in accordance with GAAP.
  • Management believes these non-GAAP financial measures provide investors with additional insight into underlying trends of the Company\'s ongoing business, and are important in comparing current results with prior period results.
  • In the reconciliation tables below, Acceleron presents these non-GAAP financial measures reconciled to their comparable GAAP financial measures.\nThe Company will host a webcast and conference call to discuss its first quarter 2021 financial results on May 6, 2021, at 5:00 p.m. EDT.\nThe webcast will be accessible under "Events & Presentations" in the Investors & Media page of the Company\xe2\x80\x99s website at www.acceleronpharma.com .

Sangamo Therapeutics Reports Recent Business Highlights and First Quarter 2021 Financial Results

Retrieved on: 
Tuesday, May 4, 2021
Health, Genetics, Research, Pharmaceutical, Science, Biotechnology, Communication, Forward-looking statement, GAAP, Financial statements, Accounting standards, Auditing

Participants may access the live webcast via a link on the Sangamo Therapeutics website in the Investors and Media section under Events and Presentations .

Key Points: 
  • Participants may access the live webcast via a link on the Sangamo Therapeutics website in the Investors and Media section under Events and Presentations .
  • For more information about Sangamo, visit www.sangamo.com .\nThis press release contains forward-looking statements regarding our current expectations.
  • This non-GAAP financial measure is in addition to, not a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.
  • We encourage investors to carefully consider our results under GAAP, as well as our supplemental non-GAAP financial information, to more fully understand our business.\n'

SiTime Reports First Quarter 2021 Financial Results

Retrieved on: 
Tuesday, May 4, 2021
United States Generally Accepted Accounting Principles, Accounting standards, Financial statements, Financial services, GAAP, Bas, Business economics, Accounting, Income

The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.\nSiTime believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to SiTime\xe2\x80\x99s financial condition and results of operations.

Key Points: 
  • The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.\nSiTime believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to SiTime\xe2\x80\x99s financial condition and results of operations.
  • SiTime believes that these non-GAAP financial measures provide additional insight into SiTime\xe2\x80\x99s ongoing performance and core operational activities and has chosen to provide these measures for more consistent and meaningful comparison between periods.
  • These measures should only be used to evaluate SiTime\xe2\x80\x99s results of operations in conjunction with the corresponding GAAP measures.
  • The non-GAAP results exclude the effect of stock-based compensation and related payroll taxes.\nThe reconciliation between GAAP and non-GAAP financial results is provided in the financial statements portion of this release.\nIn the first quarter of 2021, non-GAAP gross margins\xc2\xa0were $19.2 million, or 54.1% of revenue, non-GAAP operating expenses were $15.3 million, or 43.1% of revenue, non-GAAP income from operations was $3.9 million, or 11.0% of revenue and non-GAAP net income was $3.8 million, or $0.19 per diluted share.\nSiTime will broadcast its first quarter of 2021 financial results conference call today, May 4, 2021, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time), which can be accessed by calling +1-844-467-7657 and using conference ID 5161786.

Facebook Reports First Quarter 2021 Results

Retrieved on: 
Wednesday, April 28, 2021
GAAP, Financial statements, Accounting, Accounting standards, Financial services

Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended March31, 2021.

Key Points: 
  • Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended March31, 2021.
  • Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool.
  • In addition, these measures may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes.
  • We believe that this methodology can provide useful supplemental information to help investors better understand underlying trends in our business.

Camtek Reports First Quarter 2021 Results

Retrieved on: 
Wednesday, April 28, 2021
Accounting standards, GAAP, Bas

Camtek is strongly positioned in the market and, as things stand today, 2021 is expected to be a record year in sales, growth and profitability.

Key Points: 
  • Camtek is strongly positioned in the market and, as things stand today, 2021 is expected to be a record year in sales, growth and profitability.
  • "\nRevenuesfor the first quarter of 2021 were $57.4 million, an increase of 90% compared with the first quarter of 2020.\nGross profit on a GAAP basis in the quarter totaled $29.0 million (50.5% of revenues), compared to a gross profit of $13.6 million (44.9% of revenues) in the first quarter of 2020.
  • Gross profit on a non-GAAP basis in the quarter totaled $29.1 million (50.7% of revenues), compared to $13.6 million (45.2% of revenues) in the first quarter of 2020.
  • A reconciliation between the GAAP and non-GAAP results appears in the tables at the end of this press release.\n'

Dave & Buster’s Provides Business Update; Increases First Quarter Revenue Guidance to $252 - $257 Million

Retrieved on: 
Tuesday, April 20, 2021
Accounting, Communication, Forward-looking statement, Business, Financial services, Financial statements, Auditing, Financial accounting, Accounting standards, Auditor's report

Accordingly, actual results may differ materially from the forward-looking statements, and the Company therefore cautions you against relying on such forward-looking statements.

Key Points: 
  • Accordingly, actual results may differ materially from the forward-looking statements, and the Company therefore cautions you against relying on such forward-looking statements.
  • The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
  • The Company uses these non-GAAP financial measures for financial and operational decision making and as a means to evaluate period-to-period comparisons.
  • The non-GAAP measures used by the Company in this press release may be different from the measures used by other companies.\n'