Casualty loss

Oblong Announces Financial Results for Fourth Quarter 2023 and Provides Business Update

Retrieved on:

Tuesday, March 19, 2024

Data Management, Apps, Applications, Technology, Software, Internet, Hardware, Growth, Average cost, Casualty loss, Sale, Net, Depreciation, GAAP, Development

Oblong, Inc. (Nasdaq: OBLG) (“Oblong” or the “Company”), an innovator in collaboration solutions, today reported financial results for the fourth quarter and fiscal year ending December 31, 2023, and provided updates on the Company’s business and strategy.

Key Points:

Oblong, Inc. (Nasdaq: OBLG) (“Oblong” or the “Company”), an innovator in collaboration solutions, today reported financial results for the fourth quarter and fiscal year ending December 31, 2023, and provided updates on the Company’s business and strategy.
Total revenue was $0.9 million for the fourth quarter of 2023 versus $1.4 million for the fourth quarter of 2022.
Net loss of $1.2 million for the fourth quarter of 2023, compared to a net loss of $1.2 million for the fourth quarter of 2022.
Adjusted EBITDA (“AEBITDA”) loss of $0.9 million for the fourth quarter of 2023, compared to an AEBITDA loss of $1.2 million for the fourth quarter of 2022.

Invitation Homes Reports Fourth Quarter 2023 and Full Year 2023 Results

Retrieved on:

Tuesday, February 13, 2024

Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Acquisition, Casualty loss, Core, Invitation Homes, Growth, Sale, TTM, GAAP, Occupancy, Renting

Acquisitions for Q4 2023 totaled 460 homes for $159 million through the Company's various acquisition channels.

Key Points:

Acquisitions for Q4 2023 totaled 460 homes for $159 million through the Company's various acquisition channels.
This included 251 wholly owned homes for $88 million in addition to 209 homes for $71 million in the Company's joint ventures.
In FY 2023, the Company acquired 3,221 homes for $1,168 million, including 2,877 wholly owned homes for $1,054 million and 344 homes for $114 million in the Company's joint ventures.
The company also sold 1,489 homes for $547 million, including 1,423 wholly owned homes for $517 million and 66 homes for $30 million in the Company's joint ventures.

Oblong Announces Financial Results for Third Quarter 2023 and Provides Business Update

Retrieved on:

Tuesday, November 14, 2023

Total revenue was $0.9 million for the third quarter of 2023 versus $1.2 million for the third quarter of 2022.

Key Points:

Total revenue was $0.9 million for the third quarter of 2023 versus $1.2 million for the third quarter of 2022.
Net loss of $0.9 million for the third quarter of 2023, compared to a net loss of $7.2 million for the third quarter of 2022.
Adjusted EBITDA (“AEBITDA”) loss of $0.8 million for the third quarter of 2023, compared to an AEBITDA loss of $1.4 million for the third quarter of 2022.
See “Non-GAAP Financial Information” below for additional information regarding this non-GAAP financial measure, and “GAAP to Non-GAAP Reconciliation” for a reconciliation of this non-GAAP financial measure to net loss.

Invitation Homes Reports Third Quarter 2023 Results

Retrieved on:

Wednesday, October 25, 2023

Dispositions for Q3 2023 included 397 wholly owned homes for gross proceeds of $151 million and 19 homes for gross proceeds of $9 million in the Company's joint ventures.

Key Points:

Dispositions for Q3 2023 included 397 wholly owned homes for gross proceeds of $151 million and 19 homes for gross proceeds of $9 million in the Company's joint ventures.
Year to date through September 30, 2023, the Company acquired 2,761 homes for $1,009 million, including 2,626 wholly owned homes for $965 million and 135 homes for $44 million in the Company's joint ventures.
The company also sold 1,091 homes for $401 million, including 1,042 wholly owned homes for $379 million and 49 homes for $22 million in the Company's joint ventures.
The dividend will be paid on or before November 22, 2023, to stockholders of record as of the close of business on November 7, 2023.

Zywave Expands API Capabilities, Empowers Insurance Organizations to Maximize Data-Driven Potential

Retrieved on:

Tuesday, August 1, 2023

Cloud, Benchmark, Insurance, Zywave, D&O, Policy, API, Risk management, Organization, Philosophy, Cyber, Data, Casualty loss, Fintech, Benchmarking, Content, D, Fine chemical

MILWAUKEE, Wis., Aug. 1, 2023 /PRNewswire/ -- Zywave, an industry-leading provider of insurtech solutions, announced today the expansion of its API capabilities, which enable insurance organizations to further maximize their data-driven opportunities throughout the entire prospect-to-client journey. Through these multiple solutions, Zywave will provide users access to insightful, new data sets, empower organizations to optimize their technology workflows, and enable them to use their existing data in meaningful, new ways.

Key Points:

MILWAUKEE, Wis., Aug. 1, 2023 /PRNewswire/ -- Zywave, an industry-leading provider of insurtech solutions, announced today the expansion of its API capabilities, which enable insurance organizations to further maximize their data-driven opportunities throughout the entire prospect-to-client journey.
Over the past few months, the insurtech provider released two new API products, including Lead Insights API, which provides access to a comprehensive database for lead generation; and Personal Lines Quoting API, a solution that brings quoting with carrier-direct pricing into an insurance organization's existing technology platform.
With Zywave's extensive portfolio of API solutions, its customers will increase efficiency, optimize their workflows, and drive strategic growth.
As API technology and API-enabled partners increasingly become key insurtech investments, Zywave will continue to lead the market with a philosophy of open architecture and a focus on strategic data partnerships.

Invitation Homes Reports Second Quarter 2023 Results

Retrieved on:

Wednesday, July 26, 2023

Construction & Property, Residential Building & Real Estate, Casualty loss, Tax, Core, GAAP, Sale, TTM, Occupancy, Growth, Same-store sales, Hand, Economy of India under Company rule, Renting, Cryptocurrency, Bank

Dispositions for Q2 2023 included 361 wholly owned homes for gross proceeds of $134 million and 17 homes for gross proceeds of $7 million in the Company's joint ventures.

Key Points:

Dispositions for Q2 2023 included 361 wholly owned homes for gross proceeds of $134 million and 17 homes for gross proceeds of $7 million in the Company's joint ventures.
Year to date through June 30, 2023, the Company acquired 470 homes for $155 million, including 369 wholly owned homes for $123 million and 101 homes for $32 million in the Company's joint ventures.
The company also sold 675 homes for $242 million, including 645 wholly owned homes for $229 million and 30 homes for $13 million in the Company's joint ventures.
Subsequent to quarter end on July 18, 2023, the Company acquired a premier portfolio of nearly 1,900 homes for approximately $650 million (the "Portfolio Acquisition").

22nd Century Group (Nasdaq: XXII) Reports First Quarter 2023 Financial Results, Introduces 2023 Full Year Revenue Outlook

Retrieved on:

Tuesday, May 9, 2023

Acceleration, Nonmotorized Transportation Pilot Program, Nicotine, Table, Q&A, Casualty loss, GVB, Policy, Tobacco, CMO, Pacific Century Group, CBG, Sale, Old pal, EBITDA, CDMO, Acquisition, Investment, Pinnacle, Smoke, NASCO, XXII, Growth, Webcast, FSA, Century, Health, FDA, Smoking, Biomass, Adjustment, Cannabidiol, Geography, Real estate, Video game, Beauty salon, Management, Drug, Retail, Oil, EU, CBD

We again reported record cannabinoid ingredient volumes delivered in the first quarter, a trend we expect to further increase throughout 2023.

Key Points:

We again reported record cannabinoid ingredient volumes delivered in the first quarter, a trend we expect to further increase throughout 2023.
“We believe 22nd Century is poised for phenomenal growth this year in both our tobacco and hemp/cannabis businesses.
Operating loss for the first quarter of 2023 was $17.8 million, compared to $8.1 million in the prior year period.
During the webcast, James A. Mish, chief executive officer of 22nd Century Group, John Miller, president of 22nd Century’s tobacco business, and Hugh Kinsman, chief financial officer, will provide an update on the Company.

Invitation Homes Reports First Quarter 2023 Results

Retrieved on:

Monday, May 1, 2023

Acquisitions for Q1 2023 totaled 194 homes for $67 million, primarily sourced from the Company's builder partners.

Key Points:

Acquisitions for Q1 2023 totaled 194 homes for $67 million, primarily sourced from the Company's builder partners.
This included 181 wholly owned homes for $62 million in addition to 13 homes for $5 million in the Company's joint ventures.
Dispositions for Q1 2023 included 284 wholly owned homes for gross proceeds of $95 million and 13 homes for gross proceeds of $6 million in the Company's joint ventures.
Full year 2023 guidance remains unchanged from initial guidance provided in February 2023, as outlined in the table below:

Sonida Senior Living, Inc. Announces Fourth Quarter and Full Year 2022 Results

Retrieved on:

Thursday, March 30, 2023

Managed Care, Health, Marketing, Insurance, COVID-19, Tax, Protective Life, Depreciation, EBITDA, Acquisition, GAAP, Casualty loss, Fannie Mae, Chebucto Community Net, Cryptocurrency

Management fee revenue for the three months ended December 31, 2022 decreased by $0.1 million as compared to the three months ended December 31, 2021, primarily as a result of managing fewer communities in the fourth quarter of 2022.

Key Points:

Management fee revenue for the three months ended December 31, 2022 decreased by $0.1 million as compared to the three months ended December 31, 2021, primarily as a result of managing fewer communities in the fourth quarter of 2022.
The decrease was primarily a result of transitioning two Fannie Mae communities to other operators in the fourth quarter of 2021.
The increase in revenue was primarily due to increased occupancy and increased average rent rates during the fourth quarter of 2022.
Adjusted EBITDA for the three months ended December 31, 2022 was $4.6 million compared to $4.4 million for the three months ended September 30, 2022.

Invitation Homes Reports Fourth Quarter 2022 and Full Year 2022 Results

Retrieved on:

Thursday, February 16, 2023

Construction & Property, Residential Building & Real Estate, Zombie company, Occupancy, Casualty loss, TTM, Acquisition, GAAP, Core, Sale, Policy, Growth, Same-store sales, Renting, Video game, Holding company

See "Same Store Operating Results Snapshot," footnote (1), for detail on the Company's bad debt policy.

Key Points:

See "Same Store Operating Results Snapshot," footnote (1), for detail on the Company's bad debt policy.
This included 150 wholly owned homes for $58 million in addition to 16 homes for $6 million in the Company's joint ventures.
In FY 2022, the Company acquired 2,502 homes for $1,084 million, including 1,423 wholly owned homes for $601 million and 1,079 homes for $483 million in the Company's joint ventures.
The Company also sold 726 homes for $269 million, including 691 wholly owned homes for $253 million and 35 homes for $16 million in the Company's joint ventures.