Regulation

Snap Inc. Announces First Quarter 2024 Financial Results

Retrieved on: 
Thursday, April 25, 2024
Apps, Applications, Technology, Advertising, Photography, Communications, Software, Audio, Video, Internet, Social Media, Artificial Intelligence, Increment, User (computing), Common, Conversion, Super Bowl, Friends, NFL, Depreciation, ARPU, Partnership, CAPI, Active users, Shithead (card game), Webcast, Business, Free cash flow, Disclosure, Super Bowl LVIII, Automation, Regulation Fair Disclosure, Documentation, Snap Inc., Synthetic media, Maus, Integral Ad Science, Regulation, Snowflake, MAU, Adjustment, Generative, DAU, Allegiant Stadium, Calendar, GAAP, Growth, OMD, Video game

We onboarded over 1,500 Snap Stars in Q1, which has helped generate quarter-over-quarter growth in Story posts, Spotlight posts, and Stories time spent for Snap Stars globally.

Key Points: 
  • We onboarded over 1,500 Snap Stars in Q1, which has helped generate quarter-over-quarter growth in Story posts, Spotlight posts, and Stories time spent for Snap Stars globally.
  • At the beginning of the first quarter of 2024, we updated the definition of MAU to include web platform use.
  • Incremental MAU from web platform use has not been material prior to this update or in the first quarter of 2024.
  • Note: For adjustments and additional information regarding the non-GAAP financial measures and other items discussed, please see “Non-GAAP Financial Measures,” “Reconciliation of GAAP to Non-GAAP Financial Measures,” and “Supplemental Financial Information and Business Metrics.”

BeautyHealth to Report First Quarter 2024 Financial Results on May 9, 2024

Retrieved on: 
Friday, April 26, 2024
Women, Other Retail, Men, Bridal, Consumer, Luxury, Cosmetics, Retail, Disclosure, Regulation Fair Disclosure, SKIN, Security (finance), Regulation

The Beauty Health Company (NASDAQ:SKIN), home to flagship brand Hydrafacial™, today announced it will report first quarter 2024 financial results after market close on Thursday, May 9, 2024.

Key Points: 
  • The Beauty Health Company (NASDAQ:SKIN), home to flagship brand Hydrafacial™, today announced it will report first quarter 2024 financial results after market close on Thursday, May 9, 2024.
  • The Company will host an investor conference call at 4:30 p.m. Eastern Time, following a press release detailing the results.
  • A live webcast of the call can be accessed on the Company’s investor relations website at https://investors.beautyhealth.com , along with supporting materials.
  • A recording of the call will become available on the site approximately three hours after its conclusion.

AMERISAFE Announces 2024 First Quarter Results

Retrieved on: 
Wednesday, April 24, 2024
Professional Services, Insurance, Human Resources, Disclosure, Internet, Comment, Conference, GAAP, Regulation, Security (finance)

Operating net income, average adjusted shareholders’ equity, operating return on average adjusted equity and operating earnings per share are non-GAAP financial measures.

Key Points: 
  • Operating net income, average adjusted shareholders’ equity, operating return on average adjusted equity and operating earnings per share are non-GAAP financial measures.
  • Average shareholders’ equity is calculated by taking the average of the beginning and ending shareholders’ equity for the applicable period.
  • Return on average equity is calculated by dividing the annualized net income by the average shareholders’ equity.
  • AMERISAFE has scheduled a conference call for April 25, 2024, at 10:30 a.m. Eastern Time to discuss the results for the quarter and comment on future periods.

Wabtec Delivers First Quarter 2024 Results; Raises Full-Year Guidance

Retrieved on: 
Wednesday, April 24, 2024
Public Transport, Other Transport, Rail, Maritime, Transport, Manufacturing, Machinery, Mining, Minerals, Logistics, Supply Chain Management, Natural Resources, Acquisition, Webcast, GAAP, Regulation

At March 31, 2024, multi-year backlog was $251 million lower than the prior year period and excluding foreign currency exchange, multi-year backlog decreased $310 million, down 1.4%.

Key Points: 
  • At March 31, 2024, multi-year backlog was $251 million lower than the prior year period and excluding foreign currency exchange, multi-year backlog decreased $310 million, down 1.4%.
  • At the end of the quarter, the Company had cash, cash equivalents and restricted cash of $639 million and total debt of $4.00 billion.
  • During the quarter, the Company repurchased $175 million of Wabtec shares and paid $36 million in dividends.
  • For full year 2024, Wabtec expects operating cash flow conversion of greater than 90 percent.

MaxLinear, Inc. Announces First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, April 24, 2024
Technology, Semiconductor, Motion, Silicon Motion, Item, Investment, Research, Security (finance), MXL, Regulation S-K, Conference, Consultant, Exercise, Risk, Silicon, Privacy, Acquisition, Failure, Regulation, Intellectual property, Bank statement, Government, GAAP, Growth, Bank

MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, today announced financial results for the first quarter ended March 31, 2024.

Key Points: 
  • MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, today announced financial results for the first quarter ended March 31, 2024.
  • Non-GAAP diluted loss per share was $0.21, compared to earnings of $0.01 in the prior quarter, and earnings of $0.74 in the year-ago quarter.
  • The company expects net revenue in the second quarter of 2024 to be approximately $90 million to $110 million.
  • MaxLinear will host its first quarter financial results conference call today, April 24, 2024 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

United Rentals Announces Record First Quarter Results and Raises 2024 Guidance to Reflect the Acquisition of Yak

Retrieved on: 
Wednesday, April 24, 2024
Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Table, Item, Capital, Renting, Depreciation, Regulation S-K, Tax, EPS, Regulation, United Rentals, Bank statement, GAAP, Bookkeeping

Net income for the quarter increased 20.2% year-over-year to a first quarter record of $542 million, while net income margin increased 190 basis points to 15.6%.

Key Points: 
  • Net income for the quarter increased 20.2% year-over-year to a first quarter record of $542 million, while net income margin increased 190 basis points to 15.6%.
  • Adjusted EBITDA for the quarter increased 5.6% year-over-year to a first quarter record of $1.587 billion, while adjusted EBITDA margin decreased 30 basis points to 45.5%.
  • General rentals segment rental revenue increased 2.6% year-over-year to a first quarter record of $2.070 billion, while rental gross margin was flat year-over-year at 32.9%.
  • Specialty rentals segment rental revenue increased 19.0% year-over-year to a first quarter record of $859 million.

Curio Digital Therapeutics Inc. Announces the U.S. Food and Drug Administration (FDA) Clearance of MamaLift Plus™, the First Prescription Digital Therapeutic Authorized for the Treatment of Postpartum Depression (PPD)

Retrieved on: 
Tuesday, April 23, 2024
Mental Health, Women, FDA, Baby, Maternity, Clinical Trials, Biotechnology, Health, Consumer, Pharmaceutical, American College, Regulation, PPD, Woman, Behavioral activation, Food, Cognitive behavioral therapy, BAT, Depression, DBT, Smartphone, Summer, ACOG, Therapy, Edinburgh Postnatal Depression Scale, Patient, MPH, Postpartum depression, Face, ITT, IPT, RCT, Dialectical behavior therapy, CBT, EPDS

Curio Digital Therapeutics Inc. announced that the U.S. Food and Drug Administration (FDA) has granted clearance to MamaLift PlusTM.

Key Points: 
  • Curio Digital Therapeutics Inc. announced that the U.S. Food and Drug Administration (FDA) has granted clearance to MamaLift PlusTM.
  • MamaLift Plus treats mild to moderate postpartum depression by improving a patient’s symptoms of depression.
  • MamaLift Plus delivers digital Cognitive Behavioral Therapy (CBT), Behavioral Activation Therapy (BAT), Interpersonal Therapy (IPT), and Dialectical Behavior Therapy (DBT) for postpartum depression.
  • The clearance of MamaLift Plus is based on results from the Supporting Maternal Mental Health and Emotional Regulation (SuMMER).

Mattel Reports First Quarter 2024 Financial Results

Retrieved on: 
Tuesday, April 23, 2024
Licensing (Entertainment), Retail, Toys, General Entertainment, Entertainment, Sale, Pandemic, XV, Nature, Investment, Risk, 600 (number), Appendix, Gross income, Depreciation, Earnings per share, Security (finance), Eastern Standard, Webcast, Transport, Artificial intelligence, Employment, Growth, Free cash flow, Disclosure, Public expenditure, Disease, Tax, Food, EPS, Failure, Regulation, Accounting, GAAP

At 5:00 p.m. (Eastern Standard Time) today, Mattel will host a conference call with investors and financial analysts to discuss its latest financial results.

Key Points: 
  • At 5:00 p.m. (Eastern Standard Time) today, Mattel will host a conference call with investors and financial analysts to discuss its latest financial results.
  • To supplement our financial results presented in accordance with generally accepted accounting principles in the United States (“GAAP”), Mattel presents certain non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission.
  • Mattel believes that the disclosure of non-GAAP financial measures provides useful supplemental information to investors to be able to better evaluate ongoing business performance and certain components of Mattel’s results.
  • The disclosure of the percentage change in constant currency enhances investor’s ability to compare financial results from one period to another.

RAD AI Announces Strategic Artificial Intelligence Buyout Plan to Propel Growth and Advance the Creator Economy

Retrieved on: 
Tuesday, April 23, 2024
Technology, Other Professional Services, Venture Capital, Finance, Small Business, Professional Services, Artificial Intelligence, Marketing, Software, Digital Marketing, Advertising, Communications, Fintech, Content Marketing, Multimedia, P&L, ROI, AIBO, Regulation, RAD, Sales

RAD AI , the leader in AI-powered audience-first marketing and communications solutions, today unveiled its new strategy to rapidly reform the industry's landscape: Artificial Intelligence Buyouts (AIBOs).

Key Points: 
  • RAD AI , the leader in AI-powered audience-first marketing and communications solutions, today unveiled its new strategy to rapidly reform the industry's landscape: Artificial Intelligence Buyouts (AIBOs).
  • This strategic endeavor is designed to revolutionize the landscape by acquiring small- and medium-sized agencies, initially focusing on those operating within the creator economy.
  • View the full release here: https://www.businesswire.com/news/home/20240423009458/en/
    RAD AI helps brands create content that resonates deeply with their target audience and, most importantly, delivers outsized ROI.
  • "Introducing AIBOs as our premier growth strategy could significantly increase shareholder value," said RAD AI CEO Jeremy Barnett.

Bank of Hawai‘i Corporation First Quarter 2024 Financial Results

Retrieved on: 
Monday, April 22, 2024
Banking, Professional Services, Finance, Sale, Investment, Housing, Visa, BOH, Webcast, Regulation Fair Disclosure, Government, Risk-weighted asset, Regulation, Multimedia, Share repurchase, Growth, Bank

Net income for the first quarter of 2024 was $36.4 million, up 19.7% from the previous quarter and down 22.3% from the same quarter of 2023.

Key Points: 
  • Net income for the first quarter of 2024 was $36.4 million, up 19.7% from the previous quarter and down 22.3% from the same quarter of 2023.
  • The return on average common equity for the first quarter of 2024 was 11.20% compared with 9.55% in the previous quarter and 15.79% in the same quarter of 2023.
  • The average yield on loans and leases was 4.63% in the first quarter of 2024, up 9 basis points from the prior quarter and up 60 basis points from the same quarter of 2023.
  • The average yield on total earning assets was 3.89% in the first quarter of 2024, up 4 basis points from the prior quarter and up 47 basis points from the same quarter of 2023.