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Tecnoglass Reports Record Financial Metrics Across the Board for Full Year 2023

Retrieved on: 
Thursday, February 29, 2024

José Manuel Daes, Chief Executive Officer of Tecnoglass, commented, “I am proud of the Tecnoglass team for another year of strong operational accomplishments and record performance across many financial metrics.

Key Points: 
  • José Manuel Daes, Chief Executive Officer of Tecnoglass, commented, “I am proud of the Tecnoglass team for another year of strong operational accomplishments and record performance across many financial metrics.
  • Our results during the quarter demonstrated our ability to leverage our unique competitive advantages to preserve margins and generate additional cash flow.
  • Total revenues for the full year 2023 increased 16.3% to a record $833.3 million compared to $716.6 million in the prior year.
  • Upon dialing in, please request to join the Tecnoglass Fourth Quarter 2023 Earnings Conference Call.

AvePoint Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 29, 2024

JERSEY CITY, N.J., Feb. 29, 2024 (GLOBE NEWSWIRE) --  AvePoint (NASDAQ: AVPT), the most advanced platform to optimize SaaS operations and secure collaboration, today announced financial results for the fourth quarter and full year ended December 31, 2023. 

Key Points: 
  • “Our fourth quarter results were an outstanding close to our strongest year yet as a public company,” said Dr. Tianyi Jiang (TJ), CEO and Co-Founder, AvePoint.
  • Gross Profit: GAAP gross profit was $55.0 million, compared to $44.8 million for the fourth quarter of 2022.
  • Non-GAAP gross profit was $56.1 million, compared to $45.9 million for the fourth quarter of 2022.
  • AvePoint will host a conference call today, February 29, 2024, to review its fourth quarter and full year 2023 financial results and to discuss its financial outlook.

Great Elm Capital Corp. Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 29, 2024

2 dividend paying equity investments, totaling approximately $6.8 million, representing 2.9% of the fair market value of the Company’s total investments.

Key Points: 
  • 2 dividend paying equity investments, totaling approximately $6.8 million, representing 2.9% of the fair market value of the Company’s total investments.
  • During the quarter ended December 31, 2023, we deployed approximately $29.9 million into 15 investments(1) at a weighted average current yield of 14.0%.
  • Net expenses for the quarter ended December 31, 2023 were approximately $5.7 million, or $0.74 per share.
  • Net realized and unrealized gains for the quarter ended December 31, 2023 were approximately $0.9 million, or $0.12 per share.

Xometry Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024

NORTH BETHESDA, Md., Feb. 29, 2024 (GLOBE NEWSWIRE) --  Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today reported financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • NORTH BETHESDA, Md., Feb. 29, 2024 (GLOBE NEWSWIRE) --  Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today reported financial results for the fourth quarter and full year ended December 31, 2023.
  • “In Q4 2023, we delivered record financial results including our highest revenue and gross profit in Xometry history,“ said Randy Altschuler, Xometry’s CEO.
  • Marketplace revenue for the fourth quarter of 2023 was $112 million, an increase of 42% year-over-year.
  • Total gross profit for the fourth quarter 2023 was $49.1 million, an increase of 39% year-over-year.

Vertex Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 29, 2024

KING OF PRUSSIA, Pa., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced financial results for its fourth quarter and full year ended December 31, 2023.

Key Points: 
  • KING OF PRUSSIA, Pa., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced financial results for its fourth quarter and full year ended December 31, 2023.
  • “The Vertex execution engine delivered exceptionally strong financial results in the fourth quarter,” stated David DeStefano, President, Chief Executive Officer, and Chairperson of the Board.
  • Average Annual Revenue per direct customer (“AARPC”) was $118,910 at December 31, 2023, compared to $100,500 at December 31, 2022 and $112,690 at September 30, 2023.
  • Vertex will host a conference call at 8:30 a.m. Eastern Time today, February 29, 2024, to discuss its fourth quarter and full year 2023 financial results.

Vericel Reports Fourth Quarter and Full-Year 2023 Financial Results and Provides Full-Year 2024 Financial Guidance

Retrieved on: 
Thursday, February 29, 2024

Gross profit for the quarter ended December 31, 2023 was $48.5 million, or 75% of net revenue, compared to $38.2 million, or 73% of net revenue, for the fourth quarter of 2022.

Key Points: 
  • Gross profit for the quarter ended December 31, 2023 was $48.5 million, or 75% of net revenue, compared to $38.2 million, or 73% of net revenue, for the fourth quarter of 2022.
  • Total operating expenses for the quarter ended December 31, 2023 were $35.8 million, compared to $32.2 million for the same period in 2022.
  • Non-GAAP adjusted EBITDA for the quarter ended December 31, 2023 was $22.3 million, or 34% of net revenue, compared to $14.9 million, or 28% of net revenue, for the fourth quarter of 2022.
  • Total net revenue for the year ended December 31, 2023 was $197.5 million, compared to $164.4 million in 2022.

Cytek Biosciences Reports Fourth Quarter and Full Year 2023 Financial Results and Provides 2024 Outlook

Retrieved on: 
Wednesday, February 28, 2024

FREMONT, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Cytek® Biosciences, Inc. (“Cytek Biosciences” or “Cytek”) (Nasdaq: CTKB), a leading cell analysis solutions company, today reported financial results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • FREMONT, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Cytek® Biosciences, Inc. (“Cytek Biosciences” or “Cytek”) (Nasdaq: CTKB), a leading cell analysis solutions company, today reported financial results for the fourth quarter and year ended December 31, 2023.
  • Gross profit margin was 57% in the fourth quarter of 2023 compared to 61% in the fourth quarter of 2022.
  • Research and development expenses were $10.9 million for the fourth quarter of 2023 compared to $9.7 million for the fourth quarter of 2022.
  • Sales and marketing expenses were $11.6 million for the fourth quarter of 2023 compared to $9.0 million for the fourth quarter of 2022.

PetIQ, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024

EAGLE, Idaho, Feb. 28, 2024 (GLOBE NEWSWIRE) -- PetIQ, Inc. (“PetIQ” or the “Company”) (Nasdaq: PETQ), a leading pet medication, product and wellness company, today reported financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Fourth quarter 2023 gross profit was $44.0 million, an increase of 12.0%, compared to $39.3 million in the prior year period.
  • Adjusted gross profit for the fourth quarter of 2023 was $45.6 million and adjusted gross margin was 20.7%.
  • Selling, general and administrative expenses (“SG&A”) was $42.7 million for the fourth quarter of 2023 compared to $37.7 million in the prior year period.
  • Adjusted SG&A was $40.6 million for the fourth quarter of 2023 compared to $34.7 million in the prior year period.

Pennant Reports Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024

“We are pleased with our strong finish to 2023 and continued momentum as we enter 2024,” said Brent Guerisoli, Pennant’s Chief Executive Officer. “By executing on our five key focus areas--leadership development, clinical excellence, employee engagement, margin improvement, and growth--we made steady gains throughout 2023 and solidly delivered on earnings expectations, even after increasing guidance during the year. With a talented group of leaders and teams in operations throughout our footprint and compelling growth opportunities available to us, we are excited to accelerate our performance in 2024.”

Key Points: 
  • EAGLE, Idaho, Feb. 28, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced its operating results for the fiscal year and fourth quarter of 2023, reporting GAAP diluted earnings per share of $0.44 and $0.14 for the year ended December 31, 2023 and the fourth quarter, respectively.
  • Pennant also reported adjusted diluted earnings per share of $0.73 for the year and $0.22 for the quarter (1).
  • “We are pleased with our strong finish to 2023 and continued momentum as we enter 2024,” said Brent Guerisoli, Pennant’s Chief Executive Officer.
  • This updated guidance reflects management’s expectations based on 2023 performance and current operating conditions.”
    A live webcast will be held tomorrow, February 29, 2024 at 10:00 a.m. Mountain time (12:00 p.m. Eastern time) to discuss Pennant’s fourth quarter 2023 financial results.

Duolingo Reports 65% DAU Growth, 45% Revenue Growth and Record Profitability in Fourth Quarter 2023

Retrieved on: 
Wednesday, February 28, 2024

“2023 was an exceptional year that exceeded our own high expectations.

Key Points: 
  • “2023 was an exceptional year that exceeded our own high expectations.
  • It was capped off with a very strong Q4 that saw us achieve record bookings, revenue and profitability,” said Luis von Ahn, Co-Founder and CEO of Duolingo.
  • “We accelerated DAU growth in each quarter of 2023, and in Q4 achieved record-high user engagement and a record number of subscribers.
  • The following table summarizes our financial and operating highlights for the quarters ended December 31, 2023 and 2022.