CAC

Camden National Corporation Appoints Simon Griffiths as Successor to CEO

Retrieved on: 
Monday, August 21, 2023
Volunteering, JPMorgan Chase, University, Gil Sterr, Senior, Camden National Bank, Bachelor of Laws, Core, Mind Matters, Santander Bank, Economics, History, Council for Economic Education, Washington Mutual, CAC, Retirement, Trustee, Council, Growth, Citizens Bank, Bank, Management, Finance

CAMDEN, Maine, Aug. 21, 2023 /PRNewswire/ -- The Board of Directors of Camden National Corporation (NASDAQ: CAC) and its wholly owned subsidiary, Camden National Bank (together, "Camden National" or the "Bank"), today announced the appointment of Simon Griffiths, age 50, as the successor to current President and Chief Executive Officer, Gregory Dufour, age 63, effective December 31, 2023.

Key Points: 
  • CAMDEN, Maine, Aug. 21, 2023 /PRNewswire/ -- The Board of Directors of Camden National Corporation (NASDAQ: CAC) and its wholly owned subsidiary, Camden National Bank (together, "Camden National" or the "Bank"), today announced the appointment of Simon Griffiths, age 50, as the successor to current President and Chief Executive Officer, Gregory Dufour, age 63, effective December 31, 2023.
  • Griffiths will join Camden National on or around November 20, 2023, as Executive Vice President & Chief Operating Officer.
  • Dufour will remain with Camden National as an advisor for several months following his retirement on December 31, 2023.
  • Dufour joined Camden National as Senior Vice President of Finance in 2001 before being named President of Camden National Bank in 2004 and President and Chief Executive Officer of Camden National Corporation on January 1, 2009.

Grove Announces Fiscal Second Quarter 2023 Financial Results

Retrieved on: 
Monday, August 14, 2023
Other Consumer, Environment, Other Retail, Specialty, Professional Services, Sustainability, Home Goods, Consumer, Environmental, Social and Governance (ESG), Retail, Kroger, DTC, Advertising, Brand, Executive, Common stock, VMS, International, SG, Marketing, Initiative, Bee, GameStop, GME, P&L, CAC, EBITDA, Publishing, Seventh generation, VWAP, Amazon (company), SKU, Hannaford, Volition, Growth, Webcast, Landesberg, Supply, Health, YTD, Glass, Hand, VIP, Tourism, Pharmaceutical industry, Video game, Management, Security (finance), Bookkeeping, Grove, Adjustment

DTC net revenue per order was $64.8 in the second quarter of 2023, a record for Grove, up 5% quarter-over-quarter and up 11% year-over-year.

Key Points: 
  • DTC net revenue per order was $64.8 in the second quarter of 2023, a record for Grove, up 5% quarter-over-quarter and up 11% year-over-year.
  • In the second quarter, 67% of Grove Co. product net revenue came from either zero-plastic, re-usable or refillable and zero plastic waste products, determined as meeting the Company’s Beyond Plastic™ standard1, down slightly from 70% in the first quarter of 2023 and the second quarter of 2022.
  • Across the Grove.co site and through retail partners, plastic intensity was 1.01 pounds of plastic per $100 in revenue in the second quarter of 2023, a slight improvement from 1.02 in the first quarter of 2023 and meaningfully improved from 1.07 in the second quarter of 2022
    Across all Grove Brands, plastic intensity was 0.95 pounds of plastic per $100 in revenue in the second quarter of 2023, increasing from 0.90 pounds in the first quarter of 2023 and 0.87 pounds in the second quarter of 2022
    Starting in Q1 2023, we break out Beyond Plastic™ for Grove Co. as our flagship brand, instead of grouping together all owned brands within the Grove family.
  • Net loss margin of (16.4)%, compared to (18.3)% in the first quarter of 2022 and (44.5)% in the second quarter of 2022.

Wag! Reports Record Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 8, 2023
Family, Professional Services, Health, Consumer, Insurance, Health Insurance, Pets, Alpha Group Co., Ltd., Regulation Fair Disclosure, Marketing, Disclosure, GAAP, Ratio, Metric, Parent, NPS, LTV, CAC, Holiday, EBITDA, Investment, Automation, Corporation, Growth, Weather, AI, Adjustment, Regulation, Social media, Wellness, Cryptocurrency, Bookkeeping, Video game, Pet industry, Beauty salon, Tourism

Net loss was $3.9 million, compared to $1.1 million in the second quarter of 2022, primarily due to year-over-year increases in interest expense and stock-based compensation.

Key Points: 
  • Net loss was $3.9 million, compared to $1.1 million in the second quarter of 2022, primarily due to year-over-year increases in interest expense and stock-based compensation.
  • Adjusted EBITDA improved to positive $0.1 million, compared to an Adjusted EBITDA loss of $0.9 million in the second quarter of 2022.
  • Record Services Quarter – achieved quarterly revenue milestone for Services, setting an all-time revenue record despite the slow return-to-office trend per the Kastle Back to Work Barometer.
  • "As a result of our strong second quarter and year to date results, we are again increasing our guidance for 2023,” said Alec Davidian, Wag!

Primerica Reports Second Quarter 2023 Results

Retrieved on: 
Monday, August 7, 2023
Professional Services, Insurance, Finance, Pressure, RBC, IPO, Policy, Disclosure, Tax, GAAP, COVID, Sale, MTM, LTV, CAC, Acquisition, Primerica, Webcast, Segregation, Adjustment, DAC, Software, Video game, Bank, Pharmaceutical industry

The second quarter benefits and claims ratio of 57.6% and the DAC amortization ratio of 11.8% are both consistent with the prior year period revised results.

Key Points: 
  • The second quarter benefits and claims ratio of 57.6% and the DAC amortization ratio of 11.8% are both consistent with the prior year period revised results.
  • During the second quarter of 2023, the segment recorded an operating loss of $3.6 million compared to an operating loss of $9.1 million in the prior year period.
  • The effective tax rate was 23.5% in the second quarter of 2023, up from 22.9% in the second quarter of 2022 as a result of slightly higher state income taxes.
  • Primerica will hold a webcast on Tuesday, August 8, 2023, at 10:00 a.m. Eastern, to discuss the quarter’s results.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against DouYu International Holdings Limited (DOYU)

Retrieved on: 
Monday, August 7, 2023
Class Action Lawsuit, Professional Services, Legal, DouYu, Drainage, The Wall Street Journal, ADS, Law, Government, Suite, CAC, Hubei Provincial Museum, Risk, Court, Defendant, Cyberspace Administration of China, News, Safety, Cryptocurrency

The Law Offices of Frank R. Cruz reminds investors of the upcoming August 8, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired DouYu International Holdings Limited (“DouYu” or the “Company”) (NASDAQ: DOYU ) securities between April 30, 2021 and May 9, 2023, inclusive (the “Class Period”).

Key Points: 
  • The Law Offices of Frank R. Cruz reminds investors of the upcoming August 8, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired DouYu International Holdings Limited (“DouYu” or the “Company”) (NASDAQ: DOYU ) securities between April 30, 2021 and May 9, 2023, inclusive (the “Class Period”).
  • The CAC team is expected to conduct a one-month on-site inspection of the Company’s content platform, which DouYu will fully cooperate with.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

RateGain announces results for Q1FY24; Records its Biggest Quarter in Revenue Growth and Triples PAT YoY

Retrieved on: 
Monday, August 7, 2023
Omni, Software as a service, Travel, Compare Group, Omni Hotels & Resorts, Martech, Adara, INR, NSE, LTV, CAC, Traction, Data as a service, Investment, Diversity, Distribution, Yoy, Growth, AI, Development, Wyndham Hotels & Resorts, Revenue, Sales, Tourism, Industrial design, Management

We have already started building the organization we need to accelerate RateGain towards that goal and are excited about the future."

Key Points: 
  • We have already started building the organization we need to accelerate RateGain towards that goal and are excited about the future."
  • With operating leverage playing out and cost optimization measures starting to bear fruit, we continue to build on the path of sustainable growth.
  • Adara continues to build on its momentum and delivered a strong quarter across growth and margins, underlining the strength of the platform.
  • In line with the above, RateGain was recognized by Comparably as the Best Company for Diversity and Career Growth.

RateGain announces results for Q1FY24; Records its Biggest Quarter in Revenue Growth and Triples PAT YoY

Retrieved on: 
Monday, August 7, 2023
Omni, Software as a service, Travel, Compare Group, Omni Hotels & Resorts, Martech, Adara, INR, NSE, LTV, CAC, Traction, Data as a service, Investment, Diversity, Distribution, Yoy, Growth, AI, Development, Wyndham Hotels & Resorts, Revenue, Sales, Tourism, Industrial design, Management

We have already started building the organization we need to accelerate RateGain towards that goal and are excited about the future."

Key Points: 
  • We have already started building the organization we need to accelerate RateGain towards that goal and are excited about the future."
  • With operating leverage playing out and cost optimization measures starting to bear fruit, we continue to build on the path of sustainable growth.
  • Adara continues to build on its momentum and delivered a strong quarter across growth and margins, underlining the strength of the platform.
  • In line with the above, RateGain was recognized by Comparably as the Best Company for Diversity and Career Growth.

albo acquired delt.ai for US$20 million, to expand their product offering, becoming the only neobank in Mexico with credit and debit products for consumers and SMBs.

Retrieved on: 
Friday, August 4, 2023
Neobank, MEXICO, CITY, Luigi, Churn, SMB, CAC, Acquisition, Albo, Growth, Economics, Y Combinator, Bank, Cryptocurrency

MEXICO CITY, Aug. 4, 2023 /PRNewswire/ -- albo , a leading neobank in Mexico, has announced its acquisition of delt.ai for US$20 million.

Key Points: 
  • MEXICO CITY, Aug. 4, 2023 /PRNewswire/ -- albo , a leading neobank in Mexico, has announced its acquisition of delt.ai for US$20 million.
  • With this strategic acquisition, albo has strengthened its position in Mexico's financial services sector, becoming the only neobank to offer debit and credit products for both consumers and SMBs.
  • delt.ai is a Y-Combinator fintech company with experience in the Mexican market, specializing in financial services and management tools for SMBs.
  • Its product portfolio includes business loans, credit cards, and a financial platform for SMBs.

Hypori Achieves DOD IL4 and IL5 Provisional Authorization for Hypori Halo SaaS on AWS GovCloud (US)

Retrieved on: 
Thursday, August 3, 2023
Data Management, Technology, Security, Telecommunications, Apps, Applications, Software, Government Technology, Other Defense, Networks, Defense, Mobile, Wireless, Cloud, Amazon Web Services, Software as a service, CUI, Accreditation, Impact, Classification, Smartphone, American Federation of Government Employees, CMMC, Partner, Controlled Unclassified Information, Policy, Microsoft, Multimedia, DIB, Privacy, Google Workspace, IL4, DOD, GFE, NIPRNet, Defense industrial base, CAC, NSA, Defense Information Systems Agency, DISA, MDM, ILS, IL5, NSS, BYOD, National Security Agency, AWS, Department of Defence, Committee on National Security Systems, Online shopping

View the full release here: https://www.businesswire.com/news/home/20230802674532/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230802674532/en/
    Hypori Halo achieves IL4/5 Provisional Authorization allowing DOD Mission Owners and Partners to access CUI environments and NIPRNet from employees' personal mobile devices.
  • The Hypori IL5 SaaS environment available on AWS GovCloud (US) includes IL4 services enabling DIB companies and contractors to swiftly meet CMMC 2.0 qualifications for securing CUI and accessing GCC-High from personal mobile devices.
  • "Hypori is proud to achieve our Provisional Authorization to support our DOD and DIB customers," said Jared Shepard, Hypori President and CEO.
  • Click Hypori to see Hypori Halo in action , request a demo, or contact sales.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DouYu International Holdings Ltd. - DOYU

Retrieved on: 
Wednesday, August 2, 2023
LLP, DouYu, State, Alpha, The Wall Street Journal, ADS, CAC, Hubei Provincial Museum, Form 6-K, Pomerantz, News, Safety, Cryptocurrency

NEW YORK, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of DouYu International Holdings Ltd. (“DouYu” or the “Company”) (NASDAQ: DOYU).

Key Points: 
  • NEW YORK, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of DouYu International Holdings Ltd. (“DouYu” or the “Company”) (NASDAQ: DOYU).
  • The investigation concerns whether DouYu and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.
  • The Firm has recovered billions of dollars in damages awards on behalf of class members.