Adjustment

Acuity Brands Reports Fiscal 2024 Second-Quarter Results

Retrieved on: 
Wednesday, April 3, 2024
Acuity Brands, EPS, Adjustment, ABL, ISG, Video game

“Our fiscal 2024 second quarter was another quarter of solid execution,” stated Neil Ashe, Chairman, President and Chief Executive Officer of Acuity Brands, Inc. “We increased our adjusted operating profit, adjusted operating profit margin and adjusted diluted earnings per share.

Key Points: 
  • “Our fiscal 2024 second quarter was another quarter of solid execution,” stated Neil Ashe, Chairman, President and Chief Executive Officer of Acuity Brands, Inc. “We increased our adjusted operating profit, adjusted operating profit margin and adjusted diluted earnings per share.
  • Adjusted operating profit was $140.1 million in the second quarter of fiscal 2024, an increase of $8.0 million, or 6.1 percent, compared to the prior year.
  • ISG operating profit was $9.1 million in the second quarter of fiscal 2024, an increase of $2.8 million compared to the prior year.
  • ISG adjusted operating profit was $14.3 million in the second quarter of fiscal 2024, an increase of $3.5 million compared to the prior year.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Palo Alto Networks, Snowflake, Chemours, and Evolv and Encourages Investors to Contact the Firm

Retrieved on: 
Wednesday, April 3, 2024
Transport, Form 10-K, P.C, Audit committee, Palo Alto Networks, Risk, PANW, Air conditioning, Electronics, Snowflake Inc., Annual report, Ethics, Federation, Defendant, News, Controller, Refrigeration, IPO, Senior, SNOW, Adjustment, Growth, CFO, Weapon, School, Complaint, Plastic, Cryptocurrency

Stockholders have until the deadlines below to petition the court to serve as lead plaintiff.

Key Points: 
  • Stockholders have until the deadlines below to petition the court to serve as lead plaintiff.
  • On this news, the price of Palo Alto Networks, Inc. common stock declined by $104.12 per share, or approximately 28%, on February 21, 2024.
  • which lowered credit consumption.”  On this news, the price of Snowflake Class A common stock fell nearly 28% over several trading sessions, damaging investors.
  • For more information on the Evolv class action go to: https://bespc.com/cases/EVLV

Dave & Buster's Reports Fourth Quarter and Fiscal Year End 2023 Financial Results

Retrieved on: 
Tuesday, April 2, 2024
CSA, ROI, Growth, Dave & Buster's, Partnership, D&B, Line of credit, Adjustment, Investment, Annual report, Depreciation, Share repurchase, Central Time, Total, Weather, Video game

Adjusted EBITDA of $151.8 million, or 25.3% of revenue, in the quarter increased 9.7% from the fourth quarter of 2022.

Key Points: 
  • Adjusted EBITDA of $151.8 million, or 25.3% of revenue, in the quarter increased 9.7% from the fourth quarter of 2022.
  • The 14th week in the fourth quarter, also the 53rd week in the fiscal year, contributed $39.5 million in revenue.
  • The Company opened six new Dave & Buster's stores in the fourth quarter for a total of 16 new stores (11 Dave & Buster's and 5 Main Events) in fiscal 2023.
  • Fourth quarter 2023 pro forma combined comparable store sales compares the 14-week period of the fourth quarter of fiscal 2023 to the most comparable 14-week period of fiscal 2022 and 2019, respectively.

Interactive Strength Inc. (Nasdaq: TRNR) Reports Fourth Quarter 2023 Results

Retrieved on: 
Tuesday, April 2, 2024
Entrepreneurship, Ratio, Acquisition, Adjustment, Depreciation, GAAP

AUSTIN, TX, April 01, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Interactive Strength Inc. (NASDAQ: TRNR) (the "Company", or “TRNR”), maker of innovative specialty fitness equipment and provider of virtual personal training services, today announced its financial results for the fourth quarter of 2023.   

Key Points: 
  • Adjusted EBITDA was a $3.5 million loss, a $5.5 million improvement versus fourth quarter of 2022
    AUSTIN, TX, April 01, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Interactive Strength Inc. (NASDAQ: TRNR) (the "Company", or “TRNR”), maker of innovative specialty fitness equipment and provider of virtual personal training services, today announced its financial results for the fourth quarter of 2023.
  • Adjusted EBITDA, a non-GAAP financial measure, was a $3.5 million loss for the quarter.
  • Adjusted EBITDA for the fourth quarter reflects $6.2 million of non-cash stock-based compensation.
  • Trent Ward, Co-Founder and CEO of TRNR, said: “The fourth quarter of 2023 showed continued improvement in expense control, with total operating expenses, less the non-cash items of stock-based compensation and depreciation and amortization, of $2.8 million in the quarter, a decrease of $0.5 million when compared to the third quarter of 2023.

Hybrid Aircraft Market Size Expected to Reach $13.2 Billion By 2030 as Demand Grows for Commercial Applications

Retrieved on: 
Tuesday, April 2, 2024
Aircraft, Midnight, Failure, Noise, ACHR, Transport, CAE Inc., Carbon, CAE, USD, Pratt & Whitney, Archery, Partnership, Air travel, Joby, PALM, Economic development, Macquarie Infrastructure Corporation, City, Lilium Jet, Joby Aviation, Safety, KULR, Advanced Air Mobility, EASA, Medicine, News, Acquisition, Adjustment, Lilium, TRS, Engineering, Dayton International Airport, Spacecraft, The Company, FBO, Aviation, Blade, Airport, Airline

It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.

Key Points: 
  • It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.
  • Hybrid aircraft offer the advantage of reduced emissions and lower noise levels, making them more environmentally friendly.
  • Hybrid aircraft, particularly those with electric propulsion, produce less noise during takeoff and flight, making them more suitable for operating in noise-sensitive regions.
  • Hybrid aircraft can offer flexible and economically viable solutions for regional air travel, supporting regional connectivity and economic development.

Kessler Topaz Meltzer & Check, LLP Notifies The Chemours Company Investors of Upcoming Deadline in Securities Fraud Class Action Lawsuit

Retrieved on: 
Tuesday, April 2, 2024
Annual report, Ethics, CC, CFO, District court, Lead, LLP, Controller, COPY, Form 10-K, Senior, Adjustment, Collection, Court, Audit committee, Cryptocurrency

RADNOR, Pa., April 02, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that today the firm has filed a securities fraud class action lawsuit against The Chemours Company ( NYSE: CC ) (“Chemours” or the “Company”) on behalf of investors who purchased or acquired Chemours common stock between February 10, 2023 and February 28, 2024, inclusive (the “Class Period”).

Key Points: 
  • RADNOR, Pa., April 02, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that today the firm has filed a securities fraud class action lawsuit against The Chemours Company ( NYSE: CC ) (“Chemours” or the “Company”) on behalf of investors who purchased or acquired Chemours common stock between February 10, 2023 and February 28, 2024, inclusive (the “Class Period”).
  • This action, captioned Taylor Jr. v. The Chemours Company, et al., Case No.
  • Important Deadline Reminder: Investors who purchased or otherwise acquired Chemours common stock during the Class Period may, no later than May 20, 2024, move the Court to serve as lead plaintiff for the class.
  • Kessler Topaz Meltzer & Check, LLP encourages Chemours investors who have suffered significant losses to contact the firm directly to acquire more information.

Enthusiast Gaming Reports Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Monday, April 1, 2024
Conference call, Conference, Growth, CFO, Enthusiasm, Webcast, Chairperson, EGLX, User (computing), Overalls, Insurance, D&O, Bank statement, Adjustment, TSX, Content, Enthusiast Gaming, Audit committee, Video game

LOS ANGELES, April 01, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), a leading gaming media and entertainment company, today announced financial results for the three (“Q4 2023”) and 12 months ended December 31, 2023 (“FY 2023”).

Key Points: 
  • LOS ANGELES, April 01, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), a leading gaming media and entertainment company, today announced financial results for the three (“Q4 2023”) and 12 months ended December 31, 2023 (“FY 2023”).
  • “We are moving swiftly to simplify and streamline our business in order to improve financial performance,” commented Adrian Montgomery, Board Chair and interim CEO of Enthusiast Gaming.
  • Direct Sales (included in revenue) increased by 3% to $13.2 million in Q4 2023 compared to $12.8 million in Q4 2022.
  • Adjusted EBITDA loss was $3.0 million in Q4 2023 compared to an Adjusted EBITDA loss of $5.2 million in Q4 2022.

Bright Mountain Media, Inc Announces Fourth Quarter and Full-Year 2023 Financial Results

Retrieved on: 
Monday, April 1, 2024
Insight, Three Months, Growth, Advertising, Adjustment, Kyōto Station, Investment, Creativity, OTCQB, Marketing, Video game

Boca Raton, FL, April 01, 2024 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (OTCQB: BMTM) (“Bright Mountain” or the “Company”), a global holding company with current investments in digital publishing, advertising technology, consumer insights, and creative media services, today announced its financial results for the fourth quarter and year ended December 31, 2023 and 2022.

Key Points: 
  • Fourth quarter revenue increased 193% to $15.1 million compared to the fourth quarter of 2022.
  • Fourth quarter gross margin increased 71% to $4.1 million compared to the fourth quarter of 2022.
  • Boca Raton, FL, April 01, 2024 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (OTCQB: BMTM) (“Bright Mountain” or the “Company”), a global holding company with current investments in digital publishing, advertising technology, consumer insights, and creative media services, today announced its financial results for the fourth quarter and year ended December 31, 2023 and 2022.
  • Bright Mountain Media CEO, Matt Drinkwater commented on the Company’s results saying, “2023 was a transformative year for Bright Mountain Media, both financially and strategically.

Vaso Corporation Announces Financial Results for Fourth Quarter and Full Year of 2023

Retrieved on: 
Monday, April 1, 2024
Combination, Tax, COVID, Growth, Business, Form, Travel, Class, Sub, Business analyst, Adjustment, Investment, Depreciation, File, Mergers and acquisitions, Cryptocurrency

PLAINVIEW, N.Y., April 01, 2024 (GLOBE NEWSWIRE) -- Vaso Corporation (“Vaso”) (OTCQX: VASO) today announced its operating results for the three months and year ended December 31, 2023.

Key Points: 
  • PLAINVIEW, N.Y., April 01, 2024 (GLOBE NEWSWIRE) -- Vaso Corporation (“Vaso”) (OTCQX: VASO) today announced its operating results for the three months and year ended December 31, 2023.
  • I, a Delaware corporation (“Achari”) (NASDAQ: AVHI), and Achari Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Achari (“Merger Sub”).
  • Gross profit for the fourth quarter of 2023 decreased by 4.0% to $14.1 million, compared with a gross profit of $14.6 million for the same quarter of 2022.
  • Selling, general and administrative (SG&A) and R&D expenses for the fourth quarter of 2023 increased by 14.7% to $12.9 million, compared to $11.3 million for the fourth quarter of 2022.

BurgerFi Reports Preliminary Unaudited Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Monday, April 1, 2024
Digital, Sale, Acquisition, Same-store sales, Adjustment, Chain, Credit, Investment, Restaurant, Depreciation, GAAP, Calendar, BurgerFi, Video game

Restaurant-level operating expenses for the fourth quarter of 2023 were $34.5 million compared to $36.4 million in the fourth quarter of 2022.

Key Points: 
  • Restaurant-level operating expenses for the fourth quarter of 2023 were $34.5 million compared to $36.4 million in the fourth quarter of 2022.
  • For the BurgerFi brand, restaurant-level operating expenses, as a percentage of sales, increased 660 basis points for the fourth quarter of 2023, compared to the fourth quarter of 2022, primarily due to lower leverage on sales.
  • During the fourth quarter 2023, there were three franchised BurgerFi openings, five franchised BurgerFi closures and no corporate-owned Anthony's closures.
  • The Company will hold a conference call today to discuss its fourth quarter and fiscal year 2023 results.