Adjusted gross income

Hydrofarm Holdings Group Announces Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 9, 2023
Capital expenditure, Line of credit, GAAP, Hydroponics, Adjusted gross income, Public expenditure, EBITDA, Credit Accumulation and Transfer Scheme, Acquisition, Adjustment, Rare-earth element, Video game, Security (finance), Bottled water, Satellite navigation device, Bookkeeping, Pharmaceutical industry

SHOEMAKERSVILLE, Pa., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, today announced financial results for its second quarter ended June 30, 2023.

Key Points: 
  • SHOEMAKERSVILLE, Pa., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, today announced financial results for its second quarter ended June 30, 2023.
  • Gross profit increased to $14.5 million during the second quarter of 2023, compared to $7.3 million in the prior year period.
  • Adjusted Gross Profit Margin(1) increased to 27.0% of net sales in the second quarter of 2023, compared to 9.3% of net sales in the prior year period.
  • The Company will host a conference call to discuss financial results for the second quarter 2023 today at 4:30 p.m. Eastern Time.

AWH ANNOUNCES Q2 2023 FINANCIAL RESULTS

Retrieved on: 
Tuesday, August 8, 2023
CSE, AWH, MI, Tinley Park – 80th Avenue station, G&A, GAAP, Cyprus Securities and Exchange Commission, Adjusted gross income, EBITDA, Acquisition, Nature, Financial result, MA, Cannabis, Century, Depreciation, Growth, Adjustment, Drug, Video game, Pharmaceutical industry, Cryptocurrency, Bookkeeping, Hospital, Security (finance), Ascend

Achieved $123.0M Net Revenue in Q2 2023, a 26.1% Increase Year-Over-Year and 7.7% Increase Quarter-Over-Quarter

Key Points: 
  • Achieved $123.0M Net Revenue in Q2 2023, a 26.1% Increase Year-Over-Year and 7.7% Increase Quarter-Over-Quarter
    NEW YORK, Aug. 8, 2023 /PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH" or the "Company" or "Ascend") (CSE: AAWH.U) (OTCQX:AAWH), a vertically integrated multi-state cannabis operator focused on bettering lives through cannabis, today reported its financial results for the three months ending June 30, 2023 ("Q2 2023").
  • Financial results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and all currency is in U.S. dollars.
  • Net income of $0.8 million during the quarter represented an improvement compared to a net loss of $21.2 million in Q2 2022 and $18.5 million in Q1 2023.
  • ET to discuss its financial results for the quarter ended June 30, 2023.

Flywire Reports Second Quarter 2023 Financial Results

Retrieved on: 
Tuesday, August 8, 2023
Marketing, Harbor, Bank statement, Printing, Tax, GAAP, Adjusted gross income, EBITDA, Acquisition, Vii, Webcast, CFO, Depreciation, Adjustment, Regulation S-K, Regulation, Bookkeeping, Cryptocurrency, Bank, Fly wire

BOSTON, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (“Flywire” or the “Company”) a global payments enablement and software company, today reported financial results for its second quarter ended June 30, 2023.

Key Points: 
  • The Company will host a conference call to discuss second quarter 2023 financial results today at 5:30 pm ET.
  • Flywire uses non-GAAP financial measures to supplement financial information presented on a GAAP basis.
  • Flywire uses supplemental measures of its performance which are derived from its consolidated financial information, but which are not presented in its consolidated financial statements prepared in accordance with GAAP.
  • Flywire encourages you to review these reconciliations in conjunction with the presentation of the non-GAAP financial measures for each of the periods presented.

Novanta Announces Financial Results for the Second Quarter 2023

Retrieved on: 
Tuesday, August 8, 2023
General Health, Machinery, Robotics, Medical Devices, Technology, Other Manufacturing, Health Technology, Engineering, Medical Supplies, Other Technology, Manufacturing, Health, Failure, Table, Event, Tax, GAAP, Risk, Element, Benefit, Sale, Social Security Government Pension Offset, Forecasting, Adjusted gross income, Public expenditure, Epidemic, Pandemic, Acquisition, Annual report, Tax rate, Net income, Seizure, Growth, EPS, Security (finance), Social, Adjustment, Environment, News, Software, Bank, Video game, Bookkeeping, Risk management, Novantae

In the second quarter of 2023, GAAP operating income was $32.2 million, compared to $23.3 million in the second quarter of 2022.

Key Points: 
  • In the second quarter of 2023, GAAP operating income was $32.2 million, compared to $23.3 million in the second quarter of 2022.
  • GAAP net income was $20.9 million in the second quarter of 2023, compared to $17.5 million in the second quarter of 2022.
  • GAAP diluted earnings per share (“EPS”) was $0.58 in the second quarter of 2023, compared to $0.49 in the second quarter of 2022.
  • Adjusted Diluted EPS was $0.80 in the second quarter of 2023, compared to $0.78 in the second quarter of 2022.

PowerSchool Announces Second Quarter 2023 Financial Results

Retrieved on: 
Monday, August 7, 2023
Education, Software, Technology, Primary, Secondary, Cloud, Total, Partnership, International, Samart Payakaroon, Parent, Microsoft, Human, GAAP, Adjusted gross income, K-12, Student information system, Student, Pearson Education, EBITDA, Acquisition, Traction, Data as a service, Enrollment, ARR, Snowflake, CFO, Growth, International expansion of Netflix, Government, NYSE, Social media, NRR, Tutoring, Management

PowerSchool Holdings, Inc. (NYSE: PWSC) (“PowerSchool” or the “Company”), the leading provider of cloud-based software for K-12 education in North America, today announced financial results for its second quarter ended June 30, 2023.

Key Points: 
  • PowerSchool Holdings, Inc. (NYSE: PWSC) (“PowerSchool” or the “Company”), the leading provider of cloud-based software for K-12 education in North America, today announced financial results for its second quarter ended June 30, 2023.
  • “The momentum we are seeing in bookings, product innovation, platform expansion, and market development resulted in a great second quarter which we believe positions us well for the second half of the year," said Hardeep Gulati, PowerSchool CEO.
  • Total revenue was $173.9 million for the three months ended June 30, 2023, up 10% year-over-year.
  • Seven of the largest ten transactions in the second quarter included at least one of these analytics solutions, and four included both.

Freshpet, Inc. Reports Second Quarter 2023 Financial Results

Retrieved on: 
Monday, August 7, 2023
Capital expenditure, SG, GAAP, ERP, Adjusted gross income, Internet, EBITDA, Investment, Capital, Depreciation, Growth, Hunting, Reinsurance, Pharmaceutical industry, Bank, Bookkeeping, Freshpet, Adjustment

SECAUCUS, N.J., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today reported financial results for its second quarter ended June 30, 2023.

Key Points: 
  • Strong operating performance on input costs, logistics and quality
    SECAUCUS, N.J., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today reported financial results for its second quarter ended June 30, 2023.
  • Net sales increased 25.6% to $183.3 million for the second quarter of 2023 compared to $146.0 million for the second quarter of 2022.
  • Adjusted Gross Profit is a non-GAAP financial measure defined under “Non-GAAP Measures” and is reconciled to gross profit in the financial tables that accompany this release.
  • Adjusted SG&A is a non-GAAP financial measure defined under “Non-GAAP Measures” and is reconciled to SG&A in the financial tables that accompany this release.

STAAR Surgical Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 2, 2023
Optical, Health, Medical Devices, ASC, Advertising, Marketing, Prior, Bank statement, ICL, Cataract, Eye, Lens, Clinical trial, ICL Group Ltd., Y/Y, Replay, Financial Accounting Standards Board, GAAP, Research, RSC, Sale, Judgement, Adjusted gross income, Intraocular lens, Patient, Investment, Cost, Pleasure, Growth, IOL, STAAR, Label, Conference, EVO, Video game, Real estate, Bank, Pharmaceutical industry, Cryptocurrency, Insurance

STAAR Surgical Company (NASDAQ: STAA), a leading developer, manufacturer and marketer of implantable lenses for the eye, today reported financial results for the second quarter ended June 30, 2023.

Key Points: 
  • STAAR Surgical Company (NASDAQ: STAA), a leading developer, manufacturer and marketer of implantable lenses for the eye, today reported financial results for the second quarter ended June 30, 2023.
  • Net sales were $92.3 million for the second quarter of 2023, up 14% compared to $81.1 million reported in the prior year quarter.
  • Gross profit margin for the second quarter of 2023 was 76.6% compared to the prior year quarter of 78.8%.
  • Operating expenses for the second quarter of 2023 were $62.1 million compared to the prior year quarter of $46.9 million.

Kraft Heinz Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 2, 2023
Food, Beverage, Retail, Elasticity, Uncertainty, Marketing, Currency adjustment factor, Tax, Kraft Heinz, Cheese, GAAP, Research, Sale, Adjusted gross income, Public expenditure, Organic, EBITDA, Investment, Nature, Growth, EPS, Adjustment, Insurance, Bookkeeping

Adjusted EBITDA(1) increased 6.0 percent versus the year-ago period to $1.6 billion, primarily driven by higher pricing and efficiency gains.

Key Points: 
  • Adjusted EBITDA(1) increased 6.0 percent versus the year-ago period to $1.6 billion, primarily driven by higher pricing and efficiency gains.
  • Diluted EPS was $0.81, up 285.7 percent versus the prior year period, primarily driven by the net income/(loss) factors discussed above.
  • The expected 2023 year-over-year Adjusted EPS change reflects a negative $0.06 impact from lapping a 53rd week in 2022.
  • A pre-recorded management discussion of The Kraft Heinz Company's second quarter 2023 earnings is available at ir.kraftheinzcompany.com .

Mobileye Discloses Second Quarter 2023 Results, Updates Guidance and Provides Business Update

Retrieved on: 
Thursday, July 27, 2023
Automotive Manufacturing, Automotive, Technology, Manufacturing, Other Energy, Other Technology, Autonomous Driving, Vehicles, Other Manufacturing, Artificial Intelligence, Alternative Energy, Energy, IPO, Back to the Basics (EP), Stock dilution, GAAP, Earnings per share, Adjusted gross income, Acquisition, Webcast, Growth, EPS, Adjustment, Bank, Mobileye, Moovit

Our revenue guidance remains consistent with the guidance provided on April 27, 2023 and, at the midpoint, implies 16% growth in the 2nd half of 2023 as compared to the 2nd half of 2022.

Key Points: 
  • Our revenue guidance remains consistent with the guidance provided on April 27, 2023 and, at the midpoint, implies 16% growth in the 2nd half of 2023 as compared to the 2nd half of 2022.
  • This information reflects Mobileye’s expectations for Revenue, Operating Loss and Adjusted Operating Income results for the year ending December 30, 2023.
  • Mobileye will host a conference call today, July 27, 2023, at 8:00am ET (3:00pm IT) to review its results and provide a general business update.
  • We use such non-GAAP financial measures to make strategic decisions, establish business plans and forecasts, identify trends affecting our business, and evaluate performance.

Mattel Reports Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, July 26, 2023
Family, Licensing (Entertainment), Consumer, Children, Entertainment, Natural borrowing limit, Tax, Employment, 600 (number), Food, Failure, COVID-19, Disclosure, Gross income, Regulate... G Funk Era, Part II, GAAP, Earnings per share, Movement, Sale, Adjusted gross income, Public expenditure, Accounting, Regulation, State Administrative Expenses, Pandemic, EBITDA, Investment, Nature, Eastern Standard, Risk, XV, Appendix, Webcast, Depreciation, Growth, EPS, Security (finance), Transport, Free cash flow, Disease, Bookkeeping, Cryptocurrency, Insurance, Mattel, Adjustment

At 5:00 p.m. (Eastern Standard Time) today, Mattel will host a conference call with investors and financial analysts to discuss its second quarter financial results.

Key Points: 
  • At 5:00 p.m. (Eastern Standard Time) today, Mattel will host a conference call with investors and financial analysts to discuss its second quarter financial results.
  • To supplement our financial results presented in accordance with generally accepted accounting principles in the United States (“GAAP”), Mattel presents certain non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission.
  • Mattel believes that the disclosure of non-GAAP financial measures provides useful supplemental information to investors to be able to better evaluate ongoing business performance and certain components of Mattel’s results.
  • The disclosure of the percentage change in constant currency enhances investor’s ability to compare financial results from one period to another.