Ratio

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.

Valeura Energy Inc.: Fourth Quarter and Year-end 2023 Results

Retrieved on: 
Tuesday, March 26, 2024
Tax, FSO, Ratio, Mubadala Investment Company, News, Safety, Calendar, Barrel (unit), Oil

This equates into an average oil production rate of 20,440 bbls/d for the 285-day period from March 22, 2023, the date on which Valeura closed the Mubadala Acquisition.

Key Points: 
  • This equates into an average oil production rate of 20,440 bbls/d for the 285-day period from March 22, 2023, the date on which Valeura closed the Mubadala Acquisition.
  • During Q4 2023, Valeura generated comprehensive income of US$57.4 million, compared to a comprehensive loss of US$7.9 million in Q4 of 2022.
  • Valeura incurred total tax expenses of US$71.2 million during the year ended December 31, 2023.
  • Production operations at the Wassana field remained suspended at the beginning of the quarter but resumed on December 8, 2023.

Synchronoss Technologies Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, March 12, 2024
Tax, Growth, NetworkX, Ratio, Sale, Regulation, Message, Acquisition, Activation, Net, SoftBank Group, Regulation S-K, Lawsuit, DXP, Depreciation, GAAP, Balance sheet, Video game

BRIDGEWATER, N.J., March 12, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in personal Cloud platforms, today reported financial results for its fourth quarter ended December 31, 2023.

Key Points: 
  • Full Year 2023 Financial Results:
    Results compare 2023 fiscal year end (December 31, 2023) to 2022 fiscal year end (December 31, 2022) unless otherwise indicated.
  • Synchronoss will hold a conference call today, March 12, 2024, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss these results.
  • Synchronoss uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating Synchronoss’ ongoing operational performance.
  • As previously mentioned, a reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included in this press release.

Sonder Holdings Inc. Delays Fourth Quarter and Full Year 2023 Financial Results Announcement, and Shares Fourth Quarter and Full Year 2023 Preliminary Highlights

Retrieved on: 
Friday, March 15, 2024
Apps, Applications, Technology, Construction & Property, Other Technology, Other Travel, Lodging, Other Construction & Property, Data Management, Travel, Ratio, Nature, Bank statement, GAAP

The Company recently identified accounting errors related to the valuation and impairment of operating lease right of use assets and related items for the fiscal years 2022 and 2023.

Key Points: 
  • The Company recently identified accounting errors related to the valuation and impairment of operating lease right of use assets and related items for the fiscal years 2022 and 2023.
  • The Company requires additional time to restate 2022 and 2023 financial statements (“Affected Financial Statements”) for certain previously disclosed periods (“Non-Reliance Periods”) as described in the Company’s Current Report on Form 8-K filed on March 15, 2024.
  • The Company expects that the restatements will increase the Company’s overall net loss and loss per share in the impacted periods.
  • Refer to section titled Reconciliation of Non-GAAP Financial Measure for the reconciliation of our Non-GAAP Financial Measures to the most directly comparable GAAP Financial Measure.

2022 Medical Loss Ratio and Rebates Results by Mark Farrah Associates

Retrieved on: 
Wednesday, March 13, 2024
White House, Federal Government, Health Insurance, Insurance, Finance, Healthcare Reform, Banking, Professional Services, Women, Seniors, Hospitals, Public Policy, Government, Men, Consumer, Data Analytics, Health, ACA, Small group, Ratio, Communes of Burundi, MLR, HHS, Growth, Health insurance

In the latest Healthcare Business Strategy report, Mark Farrah Associates, www.markfarrah.com , summarized key findings from the 2022 MLR report released by the Department of Health and Human Services (HHS).

Key Points: 
  • In the latest Healthcare Business Strategy report, Mark Farrah Associates, www.markfarrah.com , summarized key findings from the 2022 MLR report released by the Department of Health and Human Services (HHS).
  • This brief focused on health plan performance as it relates to the 2022 Medical Loss Ratio, and the related rebates subsequently due to consumers.
  • In 2022, rebates to consumers have dropped slightly to $947 million, benefiting 5.8 million customers, equating to approximately $164 per beneficiary.
  • 2022 MLR rebates paid for the Individual segment were $332 million, which is .34% of the $97.7 billion collected in premiums.

FiscalNote Announces Fourth Quarter and Full Year 2023 Financial Results; Exceeds Adjusted EBITDA Expectations

Retrieved on: 
Tuesday, March 12, 2024
Professional Services, Data Management, Security, Data Analytics, Technology, Software, Artificial Intelligence, Slate, Software as a service, ARR, Disclosure, LLM, Ernst & Young, Investment, European Parliament, Microsoft, SIAS, Committee, Partnership, Policy, Bell, IRR, Centerview Partners, Microsoft Bing, Organization, Intelligence, Acquisition, AI, Adjustment, Credit, European, GAAP, Public sector, ChatGPT, Government, OpenAI, Growth, FiscalNote, Ratio, Peraton, API, Patent

The Company’s financial results demonstrate FiscalNote’s strong fundamentals including revenue growth of 17% year-over-year in 2023, high gross margins, a diversified blue chip customer base and positive adjusted EBITDA of approximately $3 million(1) in the fourth quarter of 2023.

Key Points: 
  • The Company’s financial results demonstrate FiscalNote’s strong fundamentals including revenue growth of 17% year-over-year in 2023, high gross margins, a diversified blue chip customer base and positive adjusted EBITDA of approximately $3 million(1) in the fourth quarter of 2023.
  • This compares to revenue of $31.4 million and non-GAAP adjusted revenue of $31.5(1) million in the fourth quarter of 2022.
  • Adjusted EBITDA of $3.0 million(1), above the Company’s guidance range announced in November 2023 of approximately $2.5 million.
  • This is an increase of 157% or $8.2 million year-over-year compared to an adjusted EBITDA loss of $5.2 million(1) in the fourth quarter of 2022.

Priority Technology Holdings, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 12, 2024
Professional Services, Payments, Technology, Software, Finance, Fintech, Banking, SMB, Communication, Ratio, EDT, Acquisition, Enterprise, Adjustment, Depreciation, GAAP

Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), the platform for unified commerce that delivers integrated payments and banking services at scale, today announced its fourth quarter and full year 2023 financial results including strong year-over-year diversified revenue growth.

Key Points: 
  • Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), the platform for unified commerce that delivers integrated payments and banking services at scale, today announced its fourth quarter and full year 2023 financial results including strong year-over-year diversified revenue growth.
  • Financial highlights of the fourth quarter of 2023 compared with the fourth quarter of 2022, are as follows2:
    Financial highlights of the Full Year of 2023 compared with the Full Year of 2022, are as follows2:
    See "Non-GAAP Financial Measures" and the reconciliations of Adjusted Gross Profit (non-GAAP), Adjusted Gross Profit Margin (non-GAAP), and Adjusted EBITDA, to their most comparable GAAP measures provided below for additional information.
  • "We delivered record fourth quarter and full year 2023 results, driven by continued strength in SMB acquiring, B2B payables and Enterprise payments," said Tom Priore, Chairman & CEO of Priority.
  • We believe these non-GAAP measures help to illustrate the underlying financial and business trends relating to our results of operations and comparability between current and prior periods.

Financial Times Names Propel Holdings to its Americas' Fastest Growing Companies of 2024 List

Retrieved on: 
Thursday, April 4, 2024
Financial Times, Fora, Result, Ratio, The Company, TSX, Growth, Real-time

Propel is one of 500 companies that made the list, all a result of its organic growth.

Key Points: 
  • Propel is one of 500 companies that made the list, all a result of its organic growth.
  • The Americas' Fastest Growing Companies 2023 ranking lists the top 500 companies in the Americas that have achieved the highest compound annual growth in revenues between 2019 and 2022.
  • The award list was announced on April 4th, 2024, and can be viewed on the Financial Times website .
  • It's an honour to be included on the Financial Times' list of high-growth companies.

New Substack Series Reconciles Science and Scripture

Retrieved on: 
Wednesday, April 3, 2024
Galaxy, Bible, Dicarboxylic acid, Creation, Miracle, Golden ratio, Metaphor, Consciousness, Toolbox, Nuclear family, Conscience, Child, Hard Head, Grace, Life, DNA, Law, The Laws of Physics, Science, Ratio, Flower, Protein, Human, Biology, Star, Psychology, Water, Good, Language, Trinity, Mathematics, Star of Bethlehem

SANTA YNEZ, Calif., April 3, 2024 /PRNewswire/ -- Faith of a Child Foundation launched a new series of articles this week on Substack. Titled Hard Head + Soft Heart, the series of essays dive deeply into scientific observations and measurements of the world around us. The series will explore questions where Science and the Bible agree in surprising ways:

Key Points: 
  • Titled Hard Head + Soft Heart , the series of essays dive deeply into scientific observations and measurements of the world around us.
  • The series will explore questions where Science and the Bible agree in surprising ways:
    How could everything be created in six days?
  • This series of articles is a journey, in search of truth about how God built our world."
  • The Hard Head + Soft Heart Substack series is presented for free.

DarioHealth Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results

Retrieved on: 
Thursday, March 28, 2024
Nexus, DTS, Sanofi, Growth, Partnership, Diabetes, Webcast, Ratio, Research, Acquisition, Diabetes Technology Society, Prediabetes, Traction, Depreciation, GAAP, Hypertension, Total, Medicine, Marketing, Video game

NEW YORK, March 28, 2024 /PRNewswire/ -- DarioHealth Corp. (Nasdaq: DRIO) ("Dario" or the "Company"), a leader in the global digital health market, today reported financial results for the fourth quarter 2023 and the full year 2023 and provided a corporate and commercial update.

Key Points: 
  • NEW YORK, March 28, 2024 /PRNewswire/ -- DarioHealth Corp. (Nasdaq: DRIO) ("Dario" or the "Company"), a leader in the global digital health market, today reported financial results for the fourth quarter 2023 and the full year 2023 and provided a corporate and commercial update.
  • Gross profit as a percentage of revenues decreased to 3.7% in the fourth quarter of 2023, from 40.1% in the fourth quarter of 2022, and 17.3% in the third quarter of 2023.
  • Total operating expenses for the fourth quarter ended December 31, 2023, were $14.3 million compared with $11.7 million for the fourth quarter ended December 31, 2022, and $16.1 million for the third quarter of 2023, an increase of $2.6 million, or 22.2%, compared to the fourth quarter of 2022, and a decrease of $1.8 million, or 11.2%, compared to the third quarter of 2023.
  • Total operating expenses excluding stock-based compensation, acquisition expenses and depreciation for the fourth quarter of 2023 were $9.9 million compared to $10 million for the fourth quarter of 2022, and $10.9 million for the third quarter of 2023.