SBC

TuSimple Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, November 9, 2023
SBC, SG, Workforce, GAAP, AEBITDA, Environment, TuSimple, Q3, Marketing, Investment, YTD, Pharmaceutical industry

SAN DIEGO, Nov. 9, 2023 /PRNewswire/ -- TuSimple (Nasdaq: TSP) today reported results for the third quarter of 2023. TuSimple's quarterly financial results are available in the company's quarterly report on Form 10-Q filed with the Securities and Exchange Commission and on the company's investor relations website. For additional information and to view the company's latest investor presentation, please visit ir.tusimple.com.

Key Points: 
  • For the nine months ended September 30, 2023 ("YTD Q3 2023"), gross loss was $0.5 million, down 94% versus the nine months ended September 30, 2022 ("YTD Q3 2022").
  • During the fourth quarter of 2022 and first half of 2023 ("H1 2023"), TuSimple announced multiple restructuring plans to improve its cost structure, which included a reduction of the company's global workforce and asset impairments.
  • While a majority of the plans' aggregate restructuring charges were recorded in the fourth quarter 2022, a significant portion of these restructuring plans were carried out in H1 2023.
  • Q3 2023 R&D expense was $44.3 million, down 24% sequentially, primarily attributable to decreased employee compensation costs and R&D fleet operating costs as a result of the H1 2023 restructuring plans and restructuring charges recorded in Q2 2023.

W3TEL Leverages Ribbon for Network Expansion and Regulatory Compliance

Retrieved on: 
Wednesday, November 8, 2023
RAMP, Ribbon Communications, Policy, SBC, ARCEP, Growth, Ribbon, Partnership, MAN, IP, PSX, Voice over IP, Cryptocurrency

PLANO, Texas, Nov. 8, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks today announced that W3TEL a French provider of communications services to enterprises, has selected Ribbon's solutions to support its growth, simplify its network operations and fulfill French government mandates around call security.

Key Points: 
  • "Ribbon's comprehensive solution allows us to deliver better services to our customers, streamline our network management, and meet our regulatory obligations while supporting the growth of our business," said Cédric Bornecque, President, W3TEL.
  • "We look forward to a productive partnership."
  • W3TEL has selected Ribbon's STIR/SHAKEN solution, part of the Ribbon Call Trust ® portfolio, to meet requirements for caller identity authentication, signing, verification and certificate management as defined by French law as part of the MAN (Mécanisme d'Authentification des Numéros) Project conducted by French telecommunications regulator ARCEP .
  • W3TEL is also leveraging Ribbon's market leading SBC SWe for security and interworking, PSX , which delivers policy and routing for VoIP services, and RAMP for centralized management, enabling it to establish and manage its proprietary network configuration and call flows seamlessly.

W3TEL Leverages Ribbon for Network Expansion and Regulatory Compliance

Retrieved on: 
Wednesday, November 8, 2023
RAMP, Ribbon Communications, Policy, SBC, ARCEP, Growth, Ribbon, Partnership, MAN, IP, PSX, Voice over IP, Cryptocurrency

PLANO, Texas, Nov. 8, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks today announced that W3TEL a French provider of communications services to enterprises, has selected Ribbon's solutions to support its growth, simplify its network operations and fulfill French government mandates around call security.

Key Points: 
  • "Ribbon's comprehensive solution allows us to deliver better services to our customers, streamline our network management, and meet our regulatory obligations while supporting the growth of our business," said Cédric Bornecque, President, W3TEL.
  • "We look forward to a productive partnership."
  • W3TEL has selected Ribbon's STIR/SHAKEN solution, part of the Ribbon Call Trust ® portfolio, to meet requirements for caller identity authentication, signing, verification and certificate management as defined by French law as part of the MAN (Mécanisme d'Authentification des Numéros) Project conducted by French telecommunications regulator ARCEP .
  • W3TEL is also leveraging Ribbon's market leading SBC SWe for security and interworking, PSX , which delivers policy and routing for VoIP services, and RAMP for centralized management, enabling it to establish and manage its proprietary network configuration and call flows seamlessly.

Ready Capital Corporation Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Transfer, RC, Labour-sponsored venture capital corporation, ASC, SBC, NYSE, MBS, Pressure, Microsoft, GAAP, Acquisition, Note, REIT, Small Business Administration, Senior, Growth, Small business, Risk management, Financial instrument, Total, Calendar, Capital, Bank, Real estate, Insurance

NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial (“SBC”) loans, today reported financial results for the quarter ended September 30, 2023.

Key Points: 
  • NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial (“SBC”) loans, today reported financial results for the quarter ended September 30, 2023.
  • “Our broad suite of origination channels allows Ready Capital to remain a consistent source of capital for our customers despite a challenging macro environment,” stated Thomas Capasse, Ready Capital’s Chairman and Chief Executive Officer.
  • In addition, because not all companies use identical calculations, the Company's presentation of Distributable Earnings may not be comparable to other similarly-titled measures of other companies.
  • Certain MBS positions are considered to be non-distributable due to a variety of reasons which may include collateral type, duration, and size.

Robinhood Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Crypto, Adjustment, Active users, AUC, ARPU, SBC, MAU, Cryptocurrency, EBITDA, IRA, Fraud, Robinhood Markets, GAAP, Gold, Acquisition, Entrepreneurship, Growth, EPS, ETF, Net, Investment, Movement, Securities lending, EU, Bank, Financial services, Automotive industry, Video game, Beauty salon, Q3

MENLO PARK, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the third quarter of 2023, which ended September 30, 2023.

Key Points: 
  • MENLO PARK, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the third quarter of 2023, which ended September 30, 2023.
  • Q3 2023 EPS of -$0.09 included -$0.11 per share impact from a regulatory accrual of $104 million.
  • Robinhood will host a conference call to discuss its results at 2 p.m. PT / 5 p.m.
  • Based on our Q3 2023 results, our expense outlook for 2023 has changed from our prior outlook at Q2 2023 earnings (August 2, 2023).

Bentley Systems Announces Operating Results for the Third Quarter of 2023

Retrieved on: 
Tuesday, November 7, 2023
Architecture, Software, Construction & Property, Building Systems, Engineering, Urban Planning, Technology, Manufacturing, Cloud, System, ARR, SBC, Event, BSY, EST, Conference, Asian Infrastructure Investment Bank, Association of Media in Digital Awards, Growth, OI, EPS, Commercial, Petoskey Public Works Utility Building, Infrastructure Investment and Jobs Act, Bentley Systems, Calendar, Cryptocurrency, Music, Retail, Commercial property, Life insurance, Video game, Adjustment

Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced operating results for its third quarter and nine months ended September 30, 2023.

Key Points: 
  • Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced operating results for its third quarter and nine months ended September 30, 2023.
  • CEO Greg Bentley said, “Our operating results this quarter demonstrate the sustainability of our more broadly balanced growth contributors.
  • Alternatively, the event can be accessed from the Events & Presentations page on Bentley Systems’ Investor Relations website at https://investors.bentley.com .
  • Those rules require the supplemental explanations and reconciliations that are in Bentley Systems’ Form 8-K (Quarterly Earnings Release) furnished to the SEC.

Woodbridge International Closes Sale of Structural Building Components LLC to HB Capital

Retrieved on: 
Friday, November 3, 2023
Structure, Structural building components, Acquisition, SBC, Financial services, Property management, HAVEN

NEW HAVEN, Conn., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, Structural Building Components LLC by HB Capital.

Key Points: 
  • NEW HAVEN, Conn., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, Structural Building Components LLC by HB Capital.
  • Structural Building Components (SBC) is the third largest structural construction company in the state of Florida, specializing in the provision of structural shells for single and multifamily homes.
  • HB Capital, headquartered in Camp Hill, Pennsylvania is a dynamic American investment firm committed to advancing employee ownership and creating sustainable opportunities for workers.
  • Woodbridge International’s ground-breaking approach to marketing a company globally has transformed the way the sell-side M&A industry does business.

Yamaha Celebrates Outstanding 2023 Off-Road Racing Season with Multiple Championships

Retrieved on: 
Wednesday, November 1, 2023
Shift, Grand National Cross Country, Cru, Social media, Ford, 2010 AMA Pro American Superbike Championship, WXC, UTV, Name Your Adventure, GNCC, Motos, Quadcross of Nations, ATV, AMA, Pro stock, Blu, Breast cancer, Proven, Montgomery County, Circuit Gilles Villeneuve, United States national team, Catmose College, Plaque, Research, Jos Wienen, School, Series, Hammer, Susan G. Komen for the Cure, Cure, SBC, YXZ, SxS, DASA, Student, XC2, Collection, Phoenix, Tissue paper, Television, Yamaha

MARIETTA, Ga., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Yamaha Motor Corp., USA , proudly marks the culmination of a remarkable 2023 off-road racing season, characterized by an outstanding collection of championship victories and significant philanthropic endeavors.

Key Points: 
  • MARIETTA, Ga., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Yamaha Motor Corp., USA , proudly marks the culmination of a remarkable 2023 off-road racing season, characterized by an outstanding collection of championship victories and significant philanthropic endeavors.
  • Anderson's remarkable feat was celebrated with a $5,000 bLU cRU bonus for being the top-placing Yamaha Side-by-Side (SxS) at KOH.
  • Another Yamaha podium sweep took place at the Yamaha Racing Ironman finale of the Grand National Cross Country (GNCC) series in Crawfordsville, Indiana.
  • Additional charity endeavors at the Yamaha Racing Ironman GNCC included Yamaha bLU cRU racers, comprised of the Walker Fowler Racing and AmPro Yamaha teams, building balance bikes the Friday before race day.

Sportradar Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
SBC, NBA, Tennis, CONMEBOL, ROI, Shandong Sports Lottery, NASCAR, Growth, Partnership, Business, MGM Resorts International, DTC, Table, Betting pool, Video game, Sportradar

ST. GALLEN, Switzerland, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or the “Company”), a leading global sports technology company focused on creating immersive experiences for sports fans and bettors, today announced financial results for its third quarter ended September 30, 2023.

Key Points: 
  • Segment revenue in the third quarter of 2023 increased by 11% to €112.2 million compared with the third quarter of 2022.
  • Segment Adjusted EBITDA1 in the third quarter of 2023 increased by 16% to €56.1 million compared with the third quarter of 2022.
  • Segment revenue in the third quarter of 2023 increased by 15% to €38.0 million compared with the third quarter of 2022.
  • Segment revenue in the third quarter of 2023 increased by 11% to €35.1 million compared with the third quarter of 2022.

Andes Technology to Exhibit Groundbreaking RISC-V Solutions for AI and Automotive at RISC-V Summit North America 2023

Retrieved on: 
Tuesday, October 31, 2023
Internet of things, Intelligence, SBC, Launch pad, ASUS, Tinker, MPU, Senior, Speech, Arduino, HW, Tinker v. Des Moines Independent Community School District, TWSE, CPU, FAE, Solution architecture, Shihezi Economic and Technological Development Zone, SOC, AI, IP, Medical device, Maintenance (technical), Electric motor, Renesas Electronics

As a key contributor, Andes will deliver a keynote speech about AI/ML SoC solutions based on RISC-V and the latest on Andes RISC-V processors to enable them.

Key Points: 
  • As a key contributor, Andes will deliver a keynote speech about AI/ML SoC solutions based on RISC-V and the latest on Andes RISC-V processors to enable them.
  • Andes will also address three presentations and two demo talks focused on AI/ML solutions, automotive-grade IP, IOPMP, RISC-V vector technology and more.
  • This event presents a valuable opportunity for RISC-V enthusiasts to reserve one-on-one discussion with Andes experts to explore RISC-V solutions in-depth.
  • Andes invites you to visit booth #D4 at the RISC-V Summit and experience live demonstrations of its leading-edge CPU IP technology.