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Duos Technologies Group Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 14, 2023

JACKSONVILLE, Fla., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), a provider of machine vision and artificial intelligence that analyzes fast moving vehicles, reported financial results for the third quarter (“Q3 2023”) ended September 30, 2023.

Key Points: 
  • JACKSONVILLE, Fla., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), a provider of machine vision and artificial intelligence that analyzes fast moving vehicles, reported financial results for the third quarter (“Q3 2023”) ended September 30, 2023.
  • King joins Duos with over 20 years of operational and commercial leadership experience within the energy and supply chain sectors.
  • It should be noted that the following Financial Results represent the consolidation of the Company with its subsidiaries Duos Technologies, Inc. and TrueVue360, Inc.
    Total revenue for Q3 2023 decreased 62% to $1.53 million compared to $4.02 million in the third quarter of 2022 (“Q3 2022”).
  • Duos also held $1.53 million in inventory as of September 30, 2023, consisting primarily of long-lead items for future RIP installations.

Xunlei Announces Unaudited Financial Results for the Third Quarter Ended September 30, 2023

Retrieved on: 
Tuesday, November 14, 2023

SHENZHEN, China, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company") (NASDAQ: XNET), a leading innovator in shared cloud computing and blockchain technology in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Key Points: 
  • SHENZHEN, China, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company") (NASDAQ: XNET), a leading innovator in shared cloud computing and blockchain technology in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.
  • Net income was US$4.4 million in the third quarter of 2023, compared with US$8.3 million in the same period of 2022.
  • Non-GAAP net income was US$5.5 million in the third quarter of 2023, compared with US$9.0 million in the same period of 2022.
  • Diluted earnings per ADS was approximately US$0.07 in the third quarter of 2023, compared with US$0.12 per ADS in the same period of 2022.

Endexx Initiates TPD Registration in Europe

Retrieved on: 
Tuesday, November 14, 2023

CAVE CREEK, AZ, Nov. 14, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Endexx® Corporation (OTCQB: EDXC), a provider of innovative plant-based wellness and nutritional products, today announced that its HYLA division has completed preliminary review of its premium vegan formulated traditional e-cigarette products. Hyla is filing its TPD application in Europe. TPD is (The “Tobacco Products Directive” (2014/40/EU) which aims to improve the functioning of the internal market for tobacco and related products, while ensuring a high level of health protection for European citizens.)

Key Points: 
  • Hyla is filing its TPD application in Europe.
  • The demand for the HYLA non-nicotine products is quickly gaining market share in the initial markets in Europe.
  • The TPD registration completely opens the European market to all HYLA’s products.
  • “This registration process helps secure the success of our long- term target of being a dominant player in the international age-restricted CPG markets.”

Talis Biomedical Announces Exploration of Strategic Alternatives and Cost Reduction Plan to Preserve Cash

Retrieved on: 
Tuesday, November 14, 2023

While the Company has made progress developing the Talis One® system, it believes that this is a prudent path forward given current market conditions.

Key Points: 
  • While the Company has made progress developing the Talis One® system, it believes that this is a prudent path forward given current market conditions.
  • The Company has engaged TD Cowen to act as a financial advisor in its review of strategic alternatives.
  • In connection with the evaluation of strategic alternatives and to preserve cash, Talis Biomedical is reducing its workforce by approximately 90 percent and consolidating operations to a single site in Chicago.
  • Due to its exploration of strategic alternatives, Talis Biomedical will not host a conference call to discuss third quarter results.

AppTech Payments Corp. Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 14, 2023

CARLSBAD, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (NASDAQ: APCX), a pioneering Fintech company powering frictionless commerce between business-to-business and business-to-consumer, today announced results for its third quarter ended September 30, 2023.

Key Points: 
  • CARLSBAD, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (NASDAQ: APCX), a pioneering Fintech company powering frictionless commerce between business-to-business and business-to-consumer, today announced results for its third quarter ended September 30, 2023.
  • Revenue was approximately $140 thousand for the three months ended September 30, 2023, representing an increase of 22% from the same prior-year quarter.
  • Revenue was approximately $363 thousand for the nine months ended September 30, 2023, representing an increase of 6% from the same prior-year period.
  • “The third quarter represented a transformational period of AppTech,” said Luke D’Angelo, Chairman & CEO of AppTech.

Beauty Innovation Announces Featured Winners In Prestigious 2023 Awards Program

Retrieved on: 
Tuesday, November 14, 2023

LOS ANGELES, Nov. 14, 2023 (GLOBE NEWSWIRE) -- The 2023 Beauty Innovation Awards , an independent recognition platform showcasing the most outstanding companies, services, and products within the rapidly expanding Beauty industry, today announced the featured winners in their 2023 awards program.

Key Points: 
  • LOS ANGELES, Nov. 14, 2023 (GLOBE NEWSWIRE) -- The 2023 Beauty Innovation Awards , an independent recognition platform showcasing the most outstanding companies, services, and products within the rapidly expanding Beauty industry, today announced the featured winners in their 2023 awards program.
  • The Beauty Innovation awards takes a deep dive through a large set of categories, helping products and companies stand out to informed consumers.
  • The mission of the Beauty Innovation awards is to celebrate and highlight innovators and leaders in the evolving Beauty industry landscape.
  • The 2023 Beauty Innovation Awards attracted thousands of nominations from around the world.

SCYNEXIS Reports Third Quarter 2023 Financial Results and Provides Corporate Update

Retrieved on: 
Monday, November 13, 2023

Under the agreement, SCYNEXIS has received the $90 million upfront payment as well as the first development milestone of $25 million.

Key Points: 
  • Under the agreement, SCYNEXIS has received the $90 million upfront payment as well as the first development milestone of $25 million.
  • SCYNEXIS became aware that a non-antibacterial beta-lactam drug substance was manufactured using equipment common to the manufacturing process for ibrexafungerp.
  • Cash, cash equivalents and investments totaled $105.2 million on September 30, 2023, compared to $73.5 million on December 31, 2022.
  • Based upon the company’s current operating plan, SCYNEXIS believes that its existing cash, cash equivalents and investments provides a cash runway beyond two years.

TSS, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Monday, November 13, 2023

We will continuously improve the solutions and services we provide to the market.”

Key Points: 
  • We will continuously improve the solutions and services we provide to the market.”
    Third quarter 2023 revenue of $8.9 million compared with $8.1 million in the third quarter of 2022.
  • Reseller revenues were $5.4 million in the third quarter of 2023 compared to $3.1 million in the third quarter of 2022.
  • Gross margin of 32% in the third quarter of 2023 compared with 34% in the third quarter of 2022.
  • Operating income of $715,000 in the third quarter of 2023 compared to operating income of $871,000 in the third quarter of 2022.

Bridger Aerospace Announces Record Third Quarter 2023 Results and Establishes Initial 2024 Guidance

Retrieved on: 
Monday, November 13, 2023

BELGRADE, Mont., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger”, “the Company” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, today reported record results for the third quarter ended September 30, 2023 and an update on guidance including the establishment of initial 2024 Revenue and Adjusted EBITDA estimates.

Key Points: 
  • BELGRADE, Mont., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger”, “the Company” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, today reported record results for the third quarter ended September 30, 2023 and an update on guidance including the establishment of initial 2024 Revenue and Adjusted EBITDA estimates.
  • Selling, general and administrative expenses (“SG&A”) were $15.8 million in the third quarter of 2023 compared to $18.1 million in the third quarter of 2022.
  • Bridger reported net income of $17.5 million in the third quarter of 2023 compared to a net loss of $5.7 million in the third quarter of 2022.
  • Adjusted EBITDA was $38.7 million in the third quarter of 2023, compared to $19.1 million in the third quarter of 2022.

QuoteMedia Announces 8% (10% FXN) Revenue Growth for Q3 2023

Retrieved on: 
Monday, November 13, 2023

PHOENIX, Nov. 13, 2023 (GLOBE NEWSWIRE) -- QuoteMedia, Inc. (OTCQB: QMCI), a leading provider of market data and financial applications, announced financial results for the quarter ended September 30, 2023.

Key Points: 
  • PHOENIX, Nov. 13, 2023 (GLOBE NEWSWIRE) -- QuoteMedia, Inc. (OTCQB: QMCI), a leading provider of market data and financial applications, announced financial results for the quarter ended September 30, 2023.
  • Highlights for Q3 2023 include the following:
    Quarterly revenue increased by 8% to $4,762,442 in Q3 2023 from $4,390,667 in Q3 2022, an increase of $371,775.
  • Adjusted EBITDA for Q3 2023 was $719,547 compared to $670,145 in Q3 2022, an improvement of $49,402 (7%) (1).
  • “We have closed and launched important new clients, and completed substantial product development, all of which will lead to continuing revenue growth.