Other Technology

Simulations Plus Reports Record Second Quarter FY2020 Revenue

Thursday, April 9, 2020 - 9:35pm

Operationally, we grew revenues 22% for the quarter and 23% year-to-date, driving a nearly 16% increase in year-to-date net income and strengthening our balance sheet.

Key Points: 
  • Operationally, we grew revenues 22% for the quarter and 23% year-to-date, driving a nearly 16% increase in year-to-date net income and strengthening our balance sheet.
  • John Kneisel, chief financial officer of Simulations Plus, added: We finished the quarter with $12.2 million in cash.
  • A replay of the webcast will be available at the Simulations Plus website following the call.
  • Further information on our risk factors is contained in our quarterly and annual reports and filed with the U.S. Securities and Exchange Commission.

Vivint Smart Home Provides Business Update Related to COVID-19

Thursday, April 9, 2020 - 9:24pm

Vivint Smart Home, Inc. (NYSE:VVNT), a leading smart home company, today announced several business updates related to COVID-19.

Key Points: 
  • Vivint Smart Home, Inc. (NYSE:VVNT), a leading smart home company, today announced several business updates related to COVID-19.
  • Vivint Smart Home provides essential services to more than 1.5 million customers across North America.
  • Vivint Smart Home is a leading smart home company in North America.
  • Vivint delivers an integrated smart home system with in-home consultation, professional installation and support delivered by its Smart Home Pros, as well as 24/7 customer care and monitoring.

Qualstar Corporation Announces Plan to Delist from Nasdaq and Deregister Its Common Stock

Thursday, April 9, 2020 - 9:30pm

Qualstar Corporation (NASDAQ: QBAK), a leading manufacturer of data storage solutions and high-efficiency power supplies, today announced that it will voluntarily delist its common stock from The Nasdaq Stock Market and, based upon ownership of its shares by fewer than 300 holders of record, deregister its common stock under the Securities Exchange Act of 1934 and suspend its public reporting obligations.

Key Points: 
  • Qualstar Corporation (NASDAQ: QBAK), a leading manufacturer of data storage solutions and high-efficiency power supplies, today announced that it will voluntarily delist its common stock from The Nasdaq Stock Market and, based upon ownership of its shares by fewer than 300 holders of record, deregister its common stock under the Securities Exchange Act of 1934 and suspend its public reporting obligations.
  • We currently have a strong balance sheet with no debt, and do not need to raise equity capital to pursue our business initiatives.
  • For these reasons, our Board voted unanimously to voluntarily delist from Nasdaq and deregister under the Exchange Act.
  • The Company can provide no assurance that trading in its common stock will continue on the OTC Markets Group or otherwise.

Finance Industry Veteran Ellen Richey Appointed to Green Dot Board of Directors

Thursday, April 9, 2020 - 9:30pm

The Board of Directors of Green Dot Corporation (NYSE: GDOT) appointed Ellen Richey, former vice chairman and chief risk officer, Visa Inc., as a director of the Company.

Key Points: 
  • The Board of Directors of Green Dot Corporation (NYSE: GDOT) appointed Ellen Richey, former vice chairman and chief risk officer, Visa Inc., as a director of the Company.
  • Ms. Richey brings over 40 years of legal and risk management experience, most recently serving as Visas vice chairman of risk and public policy.
  • We are delighted to welcome Ms. Richey to Green Dots Board of Directors, said William I Jacobs, Chairman of the Board of Directors, Green Dot Corporation.
  • Green Dot Corporation is headquartered in Pasadena, California, with additional facilities throughout the United States and in Shanghai, China.

Ping Identity Announces Date for Its First Quarter 2020 Earnings Conference Call

Thursday, April 9, 2020 - 9:10pm

Following the conference call, a replay will be available until 11:59 p.m. Eastern time on May 13, 2020.

Key Points: 
  • Following the conference call, a replay will be available until 11:59 p.m. Eastern time on May 13, 2020.
  • The replay dial-in number will be (800) 585-8367 or for international (416) 621-4642, using the replay number pin: 9454249.
  • Ping Identity is the Intelligent Identity solution for the enterprise.
  • The Ping Intelligent Identity platform provides customers, workforce, and partners with access to cloud, mobile, SaaS and on-premises applications across the hybrid enterprise.

Strategy Analytics: COVID-19 Drives Recession Damaging Automotive, Consumer Electronics and Semiconductors Globally

Thursday, April 9, 2020 - 7:25pm

New scenario analysis from Strategy Analytics indicates the COVID-19 induced 2020 Recession will disrupt Automotive, Consumer Electronics, Semiconductor, and IT infrastructure businesses worldwide before recovery in 2021.

Key Points: 
  • New scenario analysis from Strategy Analytics indicates the COVID-19 induced 2020 Recession will disrupt Automotive, Consumer Electronics, Semiconductor, and IT infrastructure businesses worldwide before recovery in 2021.
  • Q3 is also expected to show a decline in real GDP of 3% (12% annualized) with no growth in sight until Q2 2021.
  • Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions.
  • Our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies.

Wabtec and Tronix3D Partner to Provide PPE for Local Health System

Thursday, April 9, 2020 - 7:03pm

Wabtec Corporation (NYSE: WAB) and Tronix3D are partnering to provide much needed personal protective equipment (PPE) for Excela Health, a leading health system provider of advanced medical care in Pennsylvania.

Key Points: 
  • Wabtec Corporation (NYSE: WAB) and Tronix3D are partnering to provide much needed personal protective equipment (PPE) for Excela Health, a leading health system provider of advanced medical care in Pennsylvania.
  • Wabtec and Tronix3D are applying rapid innovation and advanced additive technology to produce critical PPE quickly for hospital staff at this time.
  • Wabtec and Tronix3D are leveraging resources throughout Western Pennsylvania to produce the face shields in large quantities.
  • By working with Wabtec, we can quickly provide local healthcare workers the equipment they require to safely care for those in need.

Seeqc Gains Over $11 Million in Funding to Introduce Fully Digital Quantum Computing

Thursday, April 9, 2020 - 6:53pm

Seeqc , the Digital Quantum Computing company, today announced funding of $5 Million from M Ventures, the strategic corporate venture capital arm of Merck KGaA, Darmstadt, Germany to develop commercially viable quantum computing systems for problem-specific applications.

Key Points: 
  • Seeqc , the Digital Quantum Computing company, today announced funding of $5 Million from M Ventures, the strategic corporate venture capital arm of Merck KGaA, Darmstadt, Germany to develop commercially viable quantum computing systems for problem-specific applications.
  • Seeqc is developing a new approach to making quantum computing useful, via fully Digital Quantum Computing.
  • The team of executives and scientists at Seeqc has deep expertise and experience in commercial superconductive computing solutions and quantum computing.
  • Seeqcs quantum system provides the energy- and cost-efficiency, speed and digital control required to make quantum computing useful and bring the first commercially-scalable, problem-specific quantum computing applications to market.

Blackstone Completes Acquisition of HealthEdge Software, a Leading Healthcare Technology Solutions Provider

Thursday, April 9, 2020 - 5:48pm

Blackstone (NYSE:BX) announced today that funds managed by Blackstone ("Blackstone") have completed their previously announced acquisition of a majority stake in HealthEdge Software (HealthEdge), a leading healthcare technology company that delivers next generation Core Administrative Processing Systems (CAPS) solutions to customers across the healthcare ecosystem.

Key Points: 
  • Blackstone (NYSE:BX) announced today that funds managed by Blackstone ("Blackstone") have completed their previously announced acquisition of a majority stake in HealthEdge Software (HealthEdge), a leading healthcare technology company that delivers next generation Core Administrative Processing Systems (CAPS) solutions to customers across the healthcare ecosystem.
  • HealthEdge provides mission-critical CAPS solutions to healthcare payors, enabling them to seamlessly and efficiently administer benefits, configure plans, manage providers and enroll participants.
  • We look forward to working with Blackstone to continue better serving our customers in this next chapter for HealthEdge.
  • HealthEdge provides modern, disruptive healthcare IT solutions that health insurers use to leverage new business models, improve outcomes, drastically reduce administrative costs and connect everyone in the healthcare delivery cycle.

Trading Update: Impact of Covid-19 Crisis on Eutelsat’s Operations and Financial Objectives

Thursday, April 9, 2020 - 5:35pm

The Board and management are closely monitoring the impact of Covid-19 on the companys operations and financial objectives.

Key Points: 
  • The Board and management are closely monitoring the impact of Covid-19 on the companys operations and financial objectives.
  • Nevertheless, certain verticals or sub-verticals are feeling the effects of the current crisis, particularly since mid-March.
  • This will have no impact on revenues of the current fiscal year, but delays will affect our expectations for FY 2020-21.
  • 3 Based on a /$ rate assumption of 1.14, excluding hedging impact and based on current perimeter.