Traction

Techtronic Industries Delivers Solid 2023 Annual Results

Retrieved on: 
Wednesday, March 6, 2024

TTI delivered US$13.7 billion of sales in 2023, up 3.6% in reported growth and 3.9% in local currency.

Key Points: 
  • TTI delivered US$13.7 billion of sales in 2023, up 3.6% in reported growth and 3.9% in local currency.
  • Both the MILWAUKEE and our Consumer group of businesses gained momentum in the second half of 2023.
  • In the second half of 2023, EBIT improved to US$575 million, a 1.1% increase versus the second half of 2022.
  • With a healthy balance sheet, solid cash position, and strong growth outlook, we look forward to 2024 with confidence."

Genetec Sets the Stage for Higher Growth Following a Strong Q3FY2024 Performance

Retrieved on: 
Tuesday, February 27, 2024

The Company recorded a higher revenue vis-a-vis the preceding quarter, with all major financial indicators showing significant double-digit growth.

Key Points: 
  • The Company recorded a higher revenue vis-a-vis the preceding quarter, with all major financial indicators showing significant double-digit growth.
  • Genetec Co-founder and Managing Director Chin Kem Weng highlighted, "Our efforts in 2023 are paying off as Genetec continues our momentum into New Year 2024.
  • As such, our performance for this quarter remains strong and consistent with our outlook at the beginning of our financial year 2024 (FY2024).
  • Genetec added that it will continue to capitalise on such factors while also actively exploring other growth opportunities.

Dorel Reports Fourth Quarter and 2023 Year-End Results

Retrieved on: 
Monday, March 11, 2024

Revenue for the fourth quarter was US$138.6 million, down US$12.7 million, or 8.4%, from US$151.3 million last year.

Key Points: 
  • Revenue for the fourth quarter was US$138.6 million, down US$12.7 million, or 8.4%, from US$151.3 million last year.
  • Fourth quarter operating loss was US$12.8 million compared to US$18.3 million last year.
  • It should be noted that the seasonality of our business means that our first quarter, while substantially better than the prior year comparison, will not match 2023’s strong fourth quarter performance,” commented Dorel President & CEO, Martin Schwartz.
  • Dorel Industries Inc. will hold a conference call to discuss these results on Tuesday, March 12, 2024 at 11:00 AM Eastern Time.

Nokia selected by Service Electric Cablevision to build 25G PON-based Fiber-To-The-Home network

Retrieved on: 
Monday, March 11, 2024

Service Electric Cablevision is building an all-fiber network designed to pass 200,000 homes with ultrafast internet service.

Key Points: 
  • Service Electric Cablevision is building an all-fiber network designed to pass 200,000 homes with ultrafast internet service.
  • The world’s first cable system in 1948, now Service Electric Cablevision makes history again with Pennsylvania’s first 25G PON fiber-to-the-home network.
  • Denver, Colorado – Nokia announced today that Service Electric Cablevision (SECV), a leading cable operator in eastern Pennsylvania, is using Nokia’s industry-leading fiber broadband equipment to support a multi-gigabit broadband service for both existing and new subscribers.
  • Renowned for pioneering the world's first cable system in 1948, Service Electric Cablevision continues its legacy of customer and community commitment by introducing this ultrafast broadband access network.

Traction and F3 Mobilize Drill to Hearty Bay to Test New Targets at Head of Uranium Boulder Field

Retrieved on: 
Thursday, March 7, 2024

The program is designed to find the source of glacially dispersed uraniferous boulders and anomalous till geochemistry samples on Isle Brochet.

Key Points: 
  • The program is designed to find the source of glacially dispersed uraniferous boulders and anomalous till geochemistry samples on Isle Brochet.
  • The glacially dispersed material in combination with the recently completed gravity survey (see News Release of January 30, 2024) provides new, reliable targets for the program that were not tested in previous and historic drill programs.
  • A total of approximately 2,000 metres of drilling is planned using a Boart Longyear sonic rig that can recover and sample both overburden and bedrock.
  • The information provides an indication of the exploration potential of the Company’s properties but may not be representative of expected results.

AirBoss Reports 4th Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, March 7, 2024

For the quarter and 2023, volume was down 17.5% with decreases across the majority of sectors given softness in many customer sectors.

Key Points: 
  • For the quarter and 2023, volume was down 17.5% with decreases across the majority of sectors given softness in many customer sectors.
  • Tolling volume was down 63.0% in the quarter and 59.6% in 2023, from the comparable periods in 2022.
  • Non-tolling volume was down 9.9% for the quarter and by 7.4% in 2023, compared to the same periods in 2022.
  • AirBoss now reports results under two segments: (1) AirBoss Rubber Solutions (“ARS”), and (2) AirBoss Manufactured Products (“AMP”).

Else Nutrition Increases Canadian Market Penetration with Premier Ontario Retail Partner

Retrieved on: 
Wednesday, March 6, 2024

VANCOUVER, British Columbia, March 06, 2024 (GLOBE NEWSWIRE) -- ELSE NUTRITION HOLDINGS INC. (BABY) (BABYF) (0YL.F) (“Else” or the “Company”), is proud to announce a significant expansion of its plant-based nutrition products in Canada, which are now available on the shelves at over 35 locations of a leading Ontario-based retail grocery chain dedicated to quality food and customer service. This agreement brings Else’s Clean Label Certified Baby Cereals, Toddler Nutritional Supplement, and Kids Ready-to-Drink Shakes, in both Chocolate and Vanilla, into the hands of additional health-conscious families across Ontario.

Key Points: 
  • This agreement brings Else’s Clean Label Certified Baby Cereals, Toddler Nutritional Supplement, and Kids Ready-to-Drink Shakes, in both Chocolate and Vanilla, into the hands of additional health-conscious families across Ontario.
  • “We are thrilled to partner with yet another prominent Canadian retailer, in order to bring our plant-based nutrition products to more Canadian families.
  • Being placed on the shelves of this premier retailer not only enhances our traction and exposure in Southern Ontario, Canada’s most dynamic and populous market with over 5,000 grocery doors, but also enhances our overall expansion strategy in the Canadian market.
  • To delve deeper into Else Nutrition’s offerings and its revolutionary approach to kids’ nutrition, visit www.elsenutrition.com .

BrainsWay Reports Fourth Quarter and Full-Year 2023 Financial Results and Operational Highlights

Retrieved on: 
Wednesday, March 6, 2024

BURLINGTON, Mass. and JERUSALEM, March 06, 2024 (GLOBE NEWSWIRE) -- BrainsWay Ltd. (NASDAQ & TASE: BWAY) (“BrainsWay” or the “Company”), a world leader in advanced and non-invasive treatment for brain disorders, today reported fourth quarter and full-year 2023 financial results and provided an operational update.

Key Points: 
  • and JERUSALEM, March 06, 2024 (GLOBE NEWSWIRE) -- BrainsWay Ltd. (NASDAQ & TASE: BWAY) (“BrainsWay” or the “Company”), a world leader in advanced and non-invasive treatment for brain disorders, today reported fourth quarter and full-year 2023 financial results and provided an operational update.
  • Gross margin for the fourth quarter of 2023 was 75%, an increase from 71% in the fourth quarter of 2022, and an increase from 74% in the third quarter of 2023.
  • Net income for the fourth quarter of 2023 was $0.1 million, compared to a net loss of $3.9 million for the fourth quarter of 2022, and a loss of $0.2 million for the third quarter of 2023.
  • Adjusted EBITDA1 for the fourth quarter of 2023 was approximately $0.8 million, compared to a loss of $3.6 million for the fourth quarter of 2022, and positive Adjusted EBITDA1 of $0.3 million in the third quarter of 2023.

INNOVATE Corp. Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, March 4, 2024

NEW YORK, March 04, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE) announced today its consolidated results for the fourth quarter and full year. Financial Summary

Key Points: 
  • “2023 was another successful year for INNOVATE, with a number of exciting developments across the three operating segments,” said Avie Glazer, Chairman of INNOVATE.
  • For the fourth quarter of 2023, Broadcasting reported revenue of $5.7 million, compared to $10.7 million in the prior year quarter.
  • For the fourth quarter of 2023, Broadcasting reported a Net Loss of $5.4 million compared to $2.8 million in the prior year quarter.
  • Revenue: For the fourth quarter of 2023, INNOVATE's consolidated revenue was $361.0 million, a decrease of 11.8%, compared to $409.3 million for the prior year quarter.

Ekso Bionics Reports Record Annual Revenue of $18.3 Million

Retrieved on: 
Monday, March 4, 2024

SAN RAFAEL, Calif., March 04, 2024 (GLOBE NEWSWIRE) -- Ekso Bionics Holdings, Inc. (Nasdaq: EKSO) (the “Company”), an industry leader in exoskeleton technology for medical and industrial use, today reported financial results for the three and twelve months ended December 31, 2023.

Key Points: 
  • Sales and marketing expenses for the quarter ended December 31, 2023 were $2.0 million, compared to $1.9 million for the same period in 2022.
  • Research and development expenses for the quarter ended December 31, 2023 were $1.3 million, compared to $0.9 million for the same period in 2022.
  • General and administrative expenses for the quarter ended December 31, 2023 were $2.5 million, compared to $3.2 million for the same period in 2022.
  • Revenue for the full year ended December 31, 2023 was $18.3 million, an increase of 42% compared to $12.9 million for the same period in 2022.