Guarantee Security Life Insurance Company

Callinex Mines Inc. Announces Upsized $8.2 Million Private Placement

Retrieved on: 
Thursday, February 16, 2023
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VANCOUVER, British Columbia, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Callinex Mines Inc. (the “Company” or “Callinex”) (TSXV:CNX) (OTCQX: CLLXF) is pleased to announce that it is increasing the size of its previously announced brokered private placement offering (the “Offering”) for gross proceeds of up to $8,200,000 in securities (the “Securities”) of the Company. The Offering is being conducted by Research Capital Corporation to act as lead agent and sole bookrunner, on behalf of a syndicate of agents, including Beacon Securities Limited and Clarus Securities Inc. (collectively, the “Agents”), on a best-efforts basis, for Securities of the Company in a combination consisting of:

Key Points: 
  • VANCOUVER, British Columbia, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Callinex Mines Inc. (the “Company” or “Callinex”) (TSXV:CNX) (OTCQX: CLLXF) is pleased to announce that it is increasing the size of its previously announced brokered private placement offering (the “Offering”) for gross proceeds of up to $8,200,000 in securities (the “Securities”) of the Company.
  • b) flow-through units of the Company to be sold to charitable purchasers (the "Charity FT Units") at a price of $5.67 per Charity FT Unit.
  • The Units and Charity FT Units to be issued under the Offering will be offered by way of private placement in each of the provinces of Canada.
  • This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

Pixelworks Reports Fourth Quarter and Fiscal Year 2022 Financial Results

Retrieved on: 
Thursday, February 9, 2023
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PORTLAND, Ore., Feb. 9, 2023 /PRNewswire/ -- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced financial results for the fourth quarter and fiscal year ended December 31, 2022.

Key Points: 
  • Revenue in the fourth quarter of 2022 was $16.9 million, compared to $17.6 million in the third quarter of 2022 and $16.6 million in the fourth quarter of 2021.
  • On a GAAP basis, gross profit margin in the fourth quarter of 2022 was 53.1%, compared to 50.1% in the third quarter of 2022 and 53.5% in the fourth quarter of 2021.
  • Fourth quarter 2022 GAAP operating expenses were $12.0 million, compared to $13.5 million in the third quarter of 2022 and $12.6 million in the year-ago quarter.
  • Fourth quarter 2022 non-GAAP operating expenses were $10.8 million, compared to $12.2 million in the third quarter of 2022 and $11.0 million in the year-ago quarter.

TherapeuticsMD Announces Definitive Agreements to License its Products to Mayne Pharma

Retrieved on: 
Sunday, December 4, 2022
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TherapeuticsMD, Inc. (NASDAQ: TXMD) (TherapeuticsMD, TXMD or the Company), an innovative, leading womens healthcare company, today announced that it has entered into definitive agreements to license its products to an affiliate of Mayne Pharma Group Limited (Mayne Pharma), an ASX-listed specialty pharmaceutical company focused on commercializing novel and generic pharmaceuticals, for commercialization in the United States.

Key Points: 
  • TherapeuticsMD, Inc. (NASDAQ: TXMD) (TherapeuticsMD, TXMD or the Company), an innovative, leading womens healthcare company, today announced that it has entered into definitive agreements to license its products to an affiliate of Mayne Pharma Group Limited (Mayne Pharma), an ASX-listed specialty pharmaceutical company focused on commercializing novel and generic pharmaceuticals, for commercialization in the United States.
  • In addition, TXMD has agreed to sell certain assets to Mayne Pharma to allow Mayne Pharma to commercialize the products.
  • We believe that Mayne Pharma has the experience necessary to fully realize the promise of our products as we work together to improve patient care.
  • In addition, TXMD will sell to Mayne Pharma certain assets to allow Mayne Pharma to commercialize the Products, including inventory.

QuickLogic Reports Fiscal 2022 Third Quarter Results

Retrieved on: 
Tuesday, November 15, 2022
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SAN JOSE, Calif., Nov. 15, 2022 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK) ("QuickLogic" or the "Company"), a developer of ultra-low power multi-core voice enabled SoCs, embedded FPGA IP, and Endpoint AI solutions, today announced its financial results for the third quarter of fiscal 2022, ended October 2, 2022.

Key Points: 
  • Execution of Recently Awarded $6.9 million eFPGA contract began in September, significant contribution to results expected in the fourth quarter
    SAN JOSE, Calif., Nov. 15, 2022 /PRNewswire/ --QuickLogic Corporation (NASDAQ: QUIK) ("QuickLogic" or the "Company"), a developer of ultra-low power multi-core voice enabled SoCs, embedded FPGA IP, and Endpoint AI solutions, today announced its financial results for the third quarter of fiscal 2022, ended October 2, 2022.
  • Total revenue for the third quarter of fiscal 2022 was $3.5 million, a decreaseof23.8%compared with the second quarter of 2022,and a decrease of10.3% compared with the third quarter of 2021.
  • Third quarter2022 GAAP gross margin was48.5% compared with56.0% in the second quarter of 2022,and70.8%in the third quarter of2021.
  • Third quarter 2022 non-GAAP net loss was $0.9 million, or $0.07 per share, compared with a net loss of $47 thousand, or $0.00 per share, in the second quarter of 2022, and a net loss of $0.4 million, or $0.03 per share, in the third quarter of 2021.

Pixelworks Reports Third Quarter 2022 Financial Results

Retrieved on: 
Monday, November 7, 2022
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PORTLAND, Ore., Nov. 7, 2022 /PRNewswire/ -- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced financial results for the third quarter ended September 30, 2022.

Key Points: 
  • Revenue in the third quarter of 2022 was $17.6 million, compared to $19.1 million in the second quarter of 2022 and $15.2 million in the third quarter of 2021.
  • Third quarter 2022 GAAP operating expenses were $13.5 million, compared to $14.5 million in the second quarter of 2022 and $11.9 million in the year-ago quarter.
  • On a non-GAAP basis, third quarter 2022 gross profit margin was 49.8%, compared to 49.3% in the second quarter of 2022 and 53.1% in the year-ago quarter.
  • Third quarter 2022 non-GAAP operating expenses were $12.2 million, compared to $12.9 million in the second quarter of 2022 and $10.1 million in the year-ago quarter.

OSI Systems Reports Fiscal 2023 First Quarter Financial Results

Retrieved on: 
Thursday, October 27, 2022
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OSI Systems, Inc. (the Company or OSI Systems) (NASDAQ: OSIS) today announced its financial results for the quarter ended September 30, 2022.

Key Points: 
  • OSI Systems, Inc. (the Company or OSI Systems) (NASDAQ: OSIS) today announced its financial results for the quarter ended September 30, 2022.
  • For the first quarter of fiscal 2023, the Company reported revenues of $268.1 million, a 4% decrease compared to the $279.3 million reported for the first quarter of fiscal 2022.
  • Mr. Chopra commented, The Security divisions bookings were strong in the first fiscal quarter of fiscal 2023, leading to an increase in the quarter-end backlog.
  • The financial results calculated in accordance with GAAP and reconciliations from those financial results should be carefully evaluated.

AM Best Comments on Credit Ratings of Talcott Resolution Life, Inc. and Its Subsidiaries Following Reinsurance Announcement

Retrieved on: 
Thursday, October 6, 2022
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In this latest announcement, TRL will reinsure approximately $7.4 billion in variable annuity liabilities from GAIC.

Key Points: 
  • In this latest announcement, TRL will reinsure approximately $7.4 billion in variable annuity liabilities from GAIC.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Axar Capital Management Announces Acquisition of Pavonia Life Insurance Company of Michigan

Retrieved on: 
Thursday, September 15, 2022
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Axar Capital Management LP (Axar) today announced the completion of its acquisition of Pavonia Life Insurance Company of Michigan (Pavonia), a Michigan domiciled life insurance company.

Key Points: 
  • Axar Capital Management LP (Axar) today announced the completion of its acquisition of Pavonia Life Insurance Company of Michigan (Pavonia), a Michigan domiciled life insurance company.
  • We are excited to have completed the acquisition of Pavonia, said Andrew Axelrod, Founder and Managing Partner at Axar Capital.
  • We are also exceptionally pleased to have Mark Zesbaugh partner with Axar and lead the company as Executive Chairman.
  • Founded in 1980, Pavonia is a Michigan domiciled life insurance company licensed to underwrite business in 49 states, the District of Columbia and Canada.

Decibel Announces Second Quarter Results with Another Period of Record Net Revenue and Adjusted EBITDA

Retrieved on: 
Thursday, August 18, 2022
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Severance payments of $89 are added back in the Company's Adjusted EBITDA calculation for covenant reporting purposes.

Key Points: 
  • Severance payments of $89 are added back in the Company's Adjusted EBITDA calculation for covenant reporting purposes.
  • These amounts are included in cost of good sold in the Company's consolidated statements of income (loss) and comprehensive income (loss).
  • Net Sales of Flower: Net Sales of Flower is a measure intended to provide a more accurate depiction of net revenue earned by the Company's wholesale flower operations.
  • Net Sales of Extracts: Net Sales of Extracts is a measure intended to provide a more accurate depiction of net revenue earned by the Company's wholesale extracts operations.

Atico Reports Consolidated Financial Results for Second Quarter of 2022

Retrieved on: 
Wednesday, August 17, 2022
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VANCOUVER, British Columbia, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) today announced its financial results for the three months ended June 30, 2022, posting a net loss of $2.7 million. Production for the period at Atico’s El Roble mine totaled 3.6 million pounds (“lbs”) of copper and 2,811 ounces (“oz”) of gold in concentrate at a cash cost(1) of $1.36 per payable pound of copper(2).

Key Points: 
  • No securities regulatory authority has either approved or disapproved of the contents of this news release.
  • All statements, other than statements of historical fact, included herein, without limitation the use of net proceeds, are forward-looking statements.
  • There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
  • (1) Alternative performance measures; please refer to Non-GAAP Financial Measures at the end of this release.