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Portage Biotech Reports Results for Fiscal Quarter Ended December 31, 2023, and Business Update

Retrieved on:

Wednesday, February 28, 2024

WESTPORT, Conn., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Portage Biotech Inc. (NASDAQ: PRTG) (“Portage” or the “Company”), a clinical-stage immuno-oncology company advancing novel multi-targeted therapies for use as monotherapy and in combination, today reported financial results for the fiscal quarter ended December 31, 2023.

Key Points:

WESTPORT, Conn., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Portage Biotech Inc. (NASDAQ: PRTG) (“Portage” or the “Company”), a clinical-stage immuno-oncology company advancing novel multi-targeted therapies for use as monotherapy and in combination, today reported financial results for the fiscal quarter ended December 31, 2023.
R&D costs increased slightly by approximately $0.1 million, or approximately 1%, from approximately $2.7 million in the Fiscal 2023 Quarter, to approximately $2.8 million in the Fiscal 2024 Quarter.
G&A expenses decreased by approximately $0.7 million, or approximately 35%, from approximately $2.0 million in the Fiscal 2023 Quarter, to approximately $1.3 million in the Fiscal 2024 Quarter.
The Company’s other pre-tax items of income and expense were substantially non-cash in nature and aggregated to approximately $44.9 million net expense in the Fiscal 2024 Quarter, compared to approximately $0.6 million net expense during the Fiscal 2023 Quarter.

Record High $4.3 Billion Returned to U.S. Consumers Through Mobile Trade-In Programs in 2023

Retrieved on:

Thursday, February 15, 2024

Professional Services, Business, Consumer Electronics, Technology, Mobile, Wireless, Finance, International, IPhone, Black Friday, Samsung Galaxy S21, Original equipment manufacturer, IPhone 12, IPhone 11, Apple, IPhone XR, AIZ, Mobile phone

Assurant (NYSE:AIZ) , a leading global business services company that supports, protects and connects major consumer purchases, today revealed that $4.3 billion was returned to U.S. consumers through mobile device trade-in programs in 2023.

Key Points:

Assurant (NYSE:AIZ) , a leading global business services company that supports, protects and connects major consumer purchases, today revealed that $4.3 billion was returned to U.S. consumers through mobile device trade-in programs in 2023.
In Q4 specifically, $1.6 billion was returned to consumers via trade-in programs – the highest on record for this quarter.
Highlights from Q4 2023 include:
Q4 2023 saw a total of $1.6 billion returned to U.S. consumers — a 25% increase from Q4 2022.
iPhone trade-in values were the highest on record in Q4 2023, at $218, up from $186 in Q3 2023.

Almost a billion dollars returned to U.S. customers in third quarter through mobile device trade-ins

Retrieved on:

Tuesday, November 7, 2023

The latest Assurant Mobile Trade-in and Upgrade Industry Trends report shows the continued growth of mobile device trade-in programs, fuelling the secondary device market for those seeking a more affordable or eco-conscious alternative.

Key Points:

The latest Assurant Mobile Trade-in and Upgrade Industry Trends report shows the continued growth of mobile device trade-in programs, fuelling the secondary device market for those seeking a more affordable or eco-conscious alternative.
The top five traded devices were the iPhone 11, iPhone 12, iPhone 12 Pro Max, iPhone XR, and iPhone 12 Pro.
The iPhone 11 remained the top device traded for the sixth consecutive quarter, making up 32 percent of the top five traded devices.
The latest Assurant Mobile Trade-in and Upgrade Industry Trends report combines data from its Device IQ analytics platform and industry market data.

Assurant Reveals Average Trade-In Value for Smartphones Has Increased for the Fifth Consecutive Quarter

Retrieved on:

Tuesday, August 15, 2023

The report outlines the top smartphones turned in during the quarter, the average age of devices at trade-in, as well as data on online trade-ins and wearable trade-ins.

Key Points:

The report outlines the top smartphones turned in during the quarter, the average age of devices at trade-in, as well as data on online trade-ins and wearable trade-ins.
The overall average trade-in value of all smartphones was $135, up from $126 in Q1 2023.
Also surpassing the $200-mark for trade-ins is the Apple Watch Ultra which had an average trade-in value of $208 for the quarter.
In fact, this is the fifth consecutive quarter where the trade-in values have risen.

Portage Biotech Reports Fiscal Year-Ended March 31, 2023 Financial Results and Business Update

Retrieved on:

Monday, July 31, 2023

R&D costs increased by approximately $1.4 million, or approximately 21%, from approximately $6.8 million in Fiscal 2022, to approximately $8.2 million in Fiscal 2023.

Key Points:

R&D costs increased by approximately $1.4 million, or approximately 21%, from approximately $6.8 million in Fiscal 2022, to approximately $8.2 million in Fiscal 2023.
Additionally, the Company incurred additional R&D service costs totaling $0.4 million in Fiscal 2023.
G&A expenses decreased by approximately $0.4 million, or approximately 5%, from approximately $8.8 million in Fiscal 2022, to approximately $8.4 million in Fiscal 2023.
As of March 31, 2023, the Company had cash and cash equivalents of approximately $10.5 million and total current liabilities of approximately $1.9 million.

Sierra Wireless Partners with Amdocs to Simplify Adoption of Private Networks

Retrieved on:

Wednesday, June 21, 2023

Customers are increasingly looking to private networks to provide high-reliability coverage, increased security, and better flexibility for their applications.

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Customers are increasingly looking to private networks to provide high-reliability coverage, increased security, and better flexibility for their applications.
“Partnering with Amdocs, our goal is to simplify implementation by bringing a tested and complete end-to-end solution to market.
Therefore, we are pleased to bring our portfolio of network capabilities - including the design, deployment and operation of private networks - to this collaboration with Sierra Wireless,” said Anthony Goonetilleke, Amdocs group president of technology and head of strategy.
Sierra Wireless and Amdocs will host a webinar on July 12, 2023 to share more about how to utilize, design and build a world-class private network for your organization.

AiRISTA Simplifies Deployment and Management of Its Infrastructure in Cisco Catalyst Environments

Retrieved on:

Monday, June 5, 2023

BLE, Lethargy, USB, Vertical dimension of occlusion, Cisco Catalyst, Marketing, Docker, RTLS, AOA, IPhone XR, Partner, BoB and Partners Co. Ltd., Catalysis, Network equipment provider, Cisco

AiRISTA has created a Docker container managed through the Cisco IOx framework to provide complete access to specific access point software and hardware resources.

Key Points:

AiRISTA has created a Docker container managed through the Cisco IOx framework to provide complete access to specific access point software and hardware resources.
Customers are able to deploy AiRISTA components like its Bluetooth® Low Energy (BLE) Angle of Arrival gateway using only a USB cable interfaced to the Catalyst access point.
Devices like AiRISTA's AoA gateway are instantly recognized, and management is centralize through Cisco DNA Center.
Combined with support for Cisco Spaces, AiRISTA solutions are a natural extension of a Cisco network."

$865 million returned to U.S. consumers through trade-in programs in Q1 2023

Retrieved on:

Tuesday, May 30, 2023

The average trade-in value for iPhones also surpassed $200 for the first time since Q3 2021.

Key Points:

The average trade-in value for iPhones also surpassed $200 for the first time since Q3 2021.
These findings are taken from Assurant’s latest Mobile Trade-in and Upgrade Industry Trends report, which tracks the continued growth of mobile device trade-in and upgrade programs.
Key highlights from the Q1 2023 report include:
The average trade-in value of an iPhone in Q1 was $201.
The report outlines the top smartphones turned in through trade-in and upgrade programs, the average trade-in value of smartphones, along with trade-in trends for Apple watches for the quarter.

U.S. Mobile Trade-in Programs Returned Record-Breaking $3.8B to Consumers in 2022

Retrieved on:

Thursday, February 23, 2023

Assurant (NYSE:AIZ), a leading global business services company that supports, protects and connects major consumer purchases, today revealed that $3.8 billion was returned to U.S. consumers through mobile device trade-in programs in 2022.

Key Points:

Assurant (NYSE:AIZ), a leading global business services company that supports, protects and connects major consumer purchases, today revealed that $3.8 billion was returned to U.S. consumers through mobile device trade-in programs in 2022.
This is nearly 25% higher than the amount returned in 2021, making it the highest year on record.
2022 also saw a record breaking Q4, with $1.28 billion handed back to the consumers.
Highlights from Q4 2022 include:
The iPhone 11 remained the top device turned in through trade-in and upgrade programs for the third consecutive quarter.

Portage Biotech Announces Results for Fiscal Quarter Ended September 30, 2022

Retrieved on:

Tuesday, November 29, 2022

WESTPORT, Conn., Nov. 29, 2022 (GLOBE NEWSWIRE) -- Portage Biotech Inc., (NASDAQ: PRTG) (“Portage” or the “Company”), a clinical-stage immuno-oncology company developing therapies to improve patient lives and increase survival by avoiding and overcoming cancer treatment resistance, today announced financial results for the fiscal quarter ended September 30, 2022.

Key Points:

WESTPORT, Conn., Nov. 29, 2022 (GLOBE NEWSWIRE) -- Portage Biotech Inc., (NASDAQ: PRTG) (Portage or the Company), a clinical-stage immuno-oncology company developing therapies to improve patient lives and increase survival by avoiding and overcoming cancer treatment resistance, today announced financial results for the fiscal quarter ended September 30, 2022.
Research & development costs increased by approximately $0.2 million, or approximately 15%, from approximately $1.3 million in the Fiscal 2022 Quarter, to approximately $1.5 million in the Fiscal 2023 Quarter.
Additionally, the Company incurred payroll-related expenses of $0.5 million in Fiscal 2023 Quarter, compared to $0.2 million in the Fiscal 2022 Quarter.
General and administrative expenses increased by approximately $0.1 million, or approximately 5%, from approximately $2.0 million in the Fiscal 2022 Quarter, to approximately $2.1 million in the Fiscal 2023 Quarter.