Corporate taxation

Atrium Mortgage Investment Corporation Announces Election of Directors

Thursday, May 13, 2021 - 10:22pm

b"Atrium is a non-bank provider of residential and commercial mortgages that lends in major urban centres in Canada where the stability and liquidity of real estate are high.

Key Points: 
  • b"Atrium is a non-bank provider of residential and commercial mortgages that lends in major urban centres in Canada where the stability and liquidity of real estate are high.
  • Atrium's objectives are to provide its shareholders with stable and secure dividends and preserve shareholders' equity by lending within conservative risk parameters.\nAtrium is a Mortgage Investment Corporation (MIC) as defined in the Income Tax Act (Canada), so is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year.
  • Such dividends are generally treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investments made by the company had been made directly by the shareholder.
  • For further information, please refer to regulatory filings available at www.sedar.com or Atrium's website at www.atriummic.com .\n"

thredUP Announces First Quarter 2021 Results

Wednesday, May 12, 2021 - 9:06pm

b"OAKLAND, Calif., May 12, 2021 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP), one of the world\xe2\x80\x99s largest resale platforms for women\xe2\x80\x99s and children\xe2\x80\x99s apparel, shoes, and accessories, announced today its financial results for the first quarter ended March 31, 2021.\n\xe2\x80\x9cthredUP is pleased to share our strong first quarter 2021 results and report for the first time as a public company,\xe2\x80\x9d said CEO and co-founder James Reinhart.

Key Points: 
  • b"OAKLAND, Calif., May 12, 2021 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP), one of the world\xe2\x80\x99s largest resale platforms for women\xe2\x80\x99s and children\xe2\x80\x99s apparel, shoes, and accessories, announced today its financial results for the first quarter ended March 31, 2021.\n\xe2\x80\x9cthredUP is pleased to share our strong first quarter 2021 results and report for the first time as a public company,\xe2\x80\x9d said CEO and co-founder James Reinhart.
  • In 2018, we extended our platform with thredUP Resale-As-A-Service (RaaS), which facilitates modern resale for a number of the world\xe2\x80\x99s leading brands and retailers.
  • However, for the second quarter of 2021 and full year 2021 depreciation and amortization is expected to be $2 million and $8 million, respectively.
  • In addition, for the second quarter of 2021 and full year 2021 stock-based compensation expense is expected to be $3 million and $11 million, respectively.

Harvest Health & Recreation Inc. Reports First Quarter 2021 Financial Results

Monday, May 10, 2021 - 12:00pm

b'(1)Includes $4 and $166 of interest reported in cost of sales.\n(2)Includes $990 and $784 of depreciation reported in cost of sales.\nThis press release contains "forward-looking statements," within the meaning of United States and Canadian securities laws.

Key Points: 
  • b'(1)Includes $4 and $166 of interest reported in cost of sales.\n(2)Includes $990 and $784 of depreciation reported in cost of sales.\nThis press release contains "forward-looking statements," within the meaning of United States and Canadian securities laws.
  • These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein.
  • Harvest does not undertake to update any forward-looking statements that are included herein, except in accordance with applicable securities laws.\nAbout Harvest Health & Recreation Inc.\nHeadquartered inTempe, Arizona, Harvest Health & Recreation Inc. is a vertically integrated cannabis company and multi-state operator.
  • We hope you\'ll join us on our journey: https://harvesthoc.com\n'

MGE Energy Reports First-Quarter Earnings

Thursday, May 6, 2021 - 4:24pm

The Two Creeks solar project was completed in November 2020 contributing to increased electric earnings in the first quarter of 2021.

Key Points: 
  • The Two Creeks solar project was completed in November 2020 contributing to increased electric earnings in the first quarter of 2021.
  • The timing of 2021 depreciation and other operations and maintenance costs also contributed to higher electric earnings in the first quarter of 2021.
  • However, electric commercial retail sales dropped approximately 4%.\nAn increase in gas investments included in rate base contributed to increased gas earnings for 2021.
  • Higher gas retail sales resulting from colder weather in the first quarter of 2021 also contributed to higher gas earnings in that period.

The York Water Company Reports Three Months Earnings

Tuesday, May 4, 2021 - 2:30pm

Basic and Diluted Earnings per share of $0.28 for the three-month period decreased $0.03 compared to the same period last year.\xc2\xa0\xc2\xa0 Increased revenues were primarily due to growth in the customer base and higher billing and revenue collection services.

Key Points: 
  • Basic and Diluted Earnings per share of $0.28 for the three-month period decreased $0.03 compared to the same period last year.\xc2\xa0\xc2\xa0 Increased revenues were primarily due to growth in the customer base and higher billing and revenue collection services.
  • Per capita consumption decreased slightly, but residential demand increased.
  • The increased income was offset by higher operation and maintenance expenses and depreciation.
  • Income taxes decreased due to higher deductions from the IRS tangible property regulations.\nDuring the first three months of 2021, the Company invested $7.4 million in construction expenditures for various replacements and improvements to infrastructure.

Atrium Mortgage Investment Corporation Announces May 2021 Dividend and Q1 2021 Investor Conference Call Details

Tuesday, May 4, 2021 - 2:04pm

This provides shareholders with an easy way to realize the benefits of compound growth of their investment in Atrium.

Key Points: 
  • This provides shareholders with an easy way to realize the benefits of compound growth of their investment in Atrium.
  • ET to discuss the results.
  • Such dividends are generally treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investments made by the company had been made directly by the shareholder.
  • For further information, please refer to regulatory filings available at www.sedar.com or Atrium's website at www.atriummic.com .\n"

Calibre Reports Strong First Quarter 2021 Production and Costs, Including Initial High-Grade Ore Delivery from Pavon Norte

Monday, May 3, 2021 - 11:00pm

The Company is focused on sustainable operating performance and a disciplined approach to growth.

Key Points: 
  • The Company is focused on sustainable operating performance and a disciplined approach to growth.
  • Production costs are exclusive of depreciation and depletion, reclamation, capital, and exploration costs.
  • The World Gold Council is a non-regulatory, non-profit organization established in 1987 whose members include global senior mining companies.
  • All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.

Seagen Reports First Quarter 2021 Financial Results

Thursday, April 29, 2021 - 9:02pm

Collaboration revenues for the first quarter of 2020 included a regulatory milestone related to Polivy under the collaboration with Roche.\nCost of Sales: Cost of sales for the first quarter in 2021 were $64.1 million, compared to $29.4 million for the same period in 2020.

Key Points: 
  • Collaboration revenues for the first quarter of 2020 included a regulatory milestone related to Polivy under the collaboration with Roche.\nCost of Sales: Cost of sales for the first quarter in 2021 were $64.1 million, compared to $29.4 million for the same period in 2020.
  • The increase was primarily due to the gross profit share with Astellas based on PADCEV sales, which was $32.5 million in the first quarter of 2021, compared to $16.4 million for the same period in 2020.
  • Non-cash expenses include share-based compensation, depreciation and amortization of intangible assets.\nSeagen management will host a conference call and webcast with supporting slides to discuss its first quarter 2021 and year-to-date financial results and provide an update on business activities.
  • The live event will be simultaneously webcast and available for replay from the Seagen website at www.seagen.com , under the Investors section.

Boston Properties Announces First Quarter 2021 Results; Reports EPS of $0.59 and FFO Per Share Of $1.56

Tuesday, April 27, 2021 - 9:52pm

The decrease in EPS in the first quarter of 2021 was primarily due to a $2.37 per diluted share gain on asset sales in the first quarter of 2020 that did not reoccur in the first quarter of 2021.

Key Points: 
  • The decrease in EPS in the first quarter of 2021 was primarily due to a $2.37 per diluted share gain on asset sales in the first quarter of 2020 that did not reoccur in the first quarter of 2021.
  • See \xe2\x80\x9cEPS and FFO per Share Guidance\xe2\x80\x9d below.\nFirst quarter and recent business highlights include:\nSigned approximately 592,000 square feet of leases in the quarter with a weighted-average lease term of 7.6 years.
  • By definition, FFO does not include real estate-related depreciation and amortization, impairment losses on depreciable real estate or gains or losses associated with disposition activities.
  • There can be no assurance that the Company\xe2\x80\x99s actual results will not differ materially from the estimates set forth below.\n"

KYOCERA Announces Consolidated Financial Results for Year Ended March 31, 2021

Tuesday, April 27, 2021 - 8:18am

In the Components Business, sales revenue increased slightly over the prior year due to M&A revenue contributions and increased demand for components used in semiconductor and 5G-related markets, which collectively offset a sharp first-quarter drop in demand from the automotive-related market.

Key Points: 
  • In the Components Business, sales revenue increased slightly over the prior year due to M&A revenue contributions and increased demand for components used in semiconductor and 5G-related markets, which collectively offset a sharp first-quarter drop in demand from the automotive-related market.
  • However, sales revenue decreased in the Equipment and Systems Business.
  • As a result, consolidated sales revenue for fiscal year 2021 totaled JPY1,526,897 (USD13,756) million, a decrease of 4.5% from the prior year.\nProfit decreased due to decreased sales revenue, increased depreciation charges, and the recording of a one-time impairment loss in the smart energy business.
  • As a result, sales revenue was pushed down by approximately JPY9 billion (USD81 million) compared to the prior year.\nThree Months Ended March 31,\n'