BlueCity

Ouster Achieves Q2 2023 Revenue Guidance; Increases Cost Savings Target

Retrieved on: 
Thursday, August 10, 2023
Environment, Technology, Semiconductor, Automotive, Vehicle Technology, Automotive Manufacturing, Manufacturing, Sustainability, Software, Velodyne, Electron capture, OS, GAAP, ID, BlueCity, EBITDA, Traction, DF, Investment, Motional, Gemini, Webcast, Robotics, NYSE, Video game, Clothing

First quarter 2023 comparative financial highlights are composed of Ouster standalone performance through February 10, 2023 and combined performance of both companies following the merger with Velodyne on February 10, 2023 through March 31, 2023.

Key Points: 
  • First quarter 2023 comparative financial highlights are composed of Ouster standalone performance through February 10, 2023 and combined performance of both companies following the merger with Velodyne on February 10, 2023 through March 31, 2023.
  • 2 Net loss includes goodwill impairment non-cash charges of $99 million in first quarter 2023 and $67 million in second quarter 2023.
  • Cost Savings: Following its June cost reduction announcement , Ouster now expects to realize annualized cost savings of over $110 million exiting the fourth quarter of 2023, baselined against the standalone cost structures of the two companies as of the third quarter 2022.
  • For the third quarter of 2023, Ouster expects to achieve $20 million to $22 million in revenue.

Ouster Exceeds Q1 2023 Revenue Guidance; Increases Target for Merger Cost Synergies

Retrieved on: 
Thursday, May 11, 2023
Semiconductor, Automotive, Automotive Manufacturing, General Automotive, Technology, Manufacturing, Performance & Special Interest, L3, Electron capture, Original equipment manufacturer, OS, GAAP, ID, EDT, BlueCity, EBITDA, Traction, DF, Investment, Mining, Motional, Gemini, Webcast, Vecna Robotics, Silicon, Robotics, L4, NYSE, Automation, Film industry, Video game, Cryptocurrency, Velodyne, Ouster

First quarter 2023 financial results are composed of Ouster standalone performance through February 10, 2023 and combined performance of both companies following the merger with Velodyne on February 10, 2023.

Key Points: 
  • First quarter 2023 financial results are composed of Ouster standalone performance through February 10, 2023 and combined performance of both companies following the merger with Velodyne on February 10, 2023.
  • 1 First quarter 2023 revenues include $6.4 million in revenue from Velodyne products following the merger but exclude revenues from Velodyne products prior to the merger on February 10, 2023.
  • Merger Integration: Ouster expects to realize annualized costs synergies greater than previously announced; now targeting $80 to $85 million exiting the fourth quarter of 2023.
  • For the second quarter of 2023, the first full quarter post-merger, Ouster expects to achieve $18 million to $20 million in revenue.

Newborn Town to Acquire BlueCity in Move to Expand into Global Online Social Networking Market

Retrieved on: 
Monday, March 27, 2023
Networking hardware, LGBTQ, Blued, Research, Sale, BlueCity, US, Privatization, Acquisition, Video game

In the same month, Newborn Town announced its participation in the privatization of BlueCity through MetaClass Management ELP.

Key Points: 
  • In the same month, Newborn Town announced its participation in the privatization of BlueCity through MetaClass Management ELP.
  • The combined expertise of Newborn Town and BlueCity aims to leverage technology to facilitate social interactions through multiple channels across different verticals.
  • According to a report released by market research firm Frost & Sullivan, the global online LGBTQ social entertainment market is anticipated to reach US$8.7 billion by 2025.
  • By doing so, Newborn Town looks to expand its reach and impact while building a strong reputation as a leader in the global social networking field.

Newborn Town Announces 2022 Annual Results: Revenue Rose over 18% YoY and Profit Attributable to the Owners of Company Increased by 145.5%

Retrieved on: 
Friday, March 24, 2023
Networking hardware, Sale, LGBTQ, GCC, Bank statement, Blued, 1973 Sale and Purchase Agreement, Social network, BlueCity, Privatization, Acquisition, Maus, Yoy, Gulf Cooperation Council, RMB, HK, Cryptocurrency, Video game

In 2022, Newborn Town recorded a revenue of RMB 2,800 million, representing a year-on-year ("YoY") increase of 18.6%.

Key Points: 
  • In 2022, Newborn Town recorded a revenue of RMB 2,800 million, representing a year-on-year ("YoY") increase of 18.6%.
  • Profit for 2022 increased by 174.2% YoY to RMB 287 million, and profit attributable to the owners of company increased by 145.5% YoY to RMB 130 million.
  • According to the announcement, Newborn Town has witnessed steady growth in its social networking business throughout 2022.
  • In addition to consolidating its core social business, Newborn Town continued exploring the synergies between gaming and social networking segments.

Ouster Achieves 2022 Guidance, Reporting 22% Full Year Revenue Growth

Retrieved on: 
Thursday, March 23, 2023
Automotive Manufacturing, Other Transport, Aerospace, Manufacturing, Rail, Vehicle Technology, Air, Transport, Autonomous Driving, Vehicles, Automotive, Other Technology, Artificial Intelligence, Hardware, Consumer, Technology, Other Manufacturing, General Automotive, Public Transport, Engineering, L3, OS, ID, EDT, BlueCity, EBITDA, Traction, Investment, Gemini, Webcast, Growth, Robotics, Velodyne Lidar, NYSE, Automation, Software, Video game, Cryptocurrency, Velodyne

Achieved 2022 guidance with $41 million in revenue and 27% gross margins.

Key Points: 
  • Achieved 2022 guidance with $41 million in revenue and 27% gross margins.
  • Shipped over 8,650 sensors for revenue in 2022, totaling over 18,500 sensors shipped to date.
  • Ouster’s fourth quarter revenue was driven primarily by growth in the industrial and robotics verticals, which accounted for 62% of revenues in the quarter.
  • Ouster achieved its 2022 revised guidance targets, delivering $41 million in revenue and delivered industry-leading 27% gross margins.

Ouster Doubles Smart Infrastructure Programs with Over 210 Awarded Projects in 2022

Retrieved on: 
Thursday, March 16, 2023
Technology, Other Technology, Manufacturing, Software, Other Manufacturing, Hardware, Multimedia, City, SMART Infrastructure Facility, Gemini, NYSE, Ecosystem, Transport, OS, Traction, Government, Growth, 3D, BlueCity, Mobile phone, Velodyne

Ouster was selected for over 210 smart infrastructure projects in 2022, up nearly 95% over 2021 .

Key Points: 
  • Ouster was selected for over 210 smart infrastructure projects in 2022, up nearly 95% over 2021 .
  • Projects within intelligent transportation systems represented the majority of deal wins in the smart infrastructure vertical in 2022.
  • “Ouster saw significant growth in 2022 across each of our smart infrastructure submarkets, signaling the continued ramp in lidar demand.
  • Software Solutions for Smart Infrastructure: Ouster Gemini and BlueCity
    The introduction of Ouster’s software solutions business also contributed to demand for lidar sensors within the smart infrastructure vertical in 2022, and is expected to drive meaningful new business in 2023.

NewbornTown 2022 Chronicle: Footprints around the World

Retrieved on: 
Wednesday, January 18, 2023
Metaverse, Music, Economics, TUK, GIC, Conference, Cancer, Belt, Thought, Food, Social media, Sustainable development, Attention, Philippines, MICO, CCTV, Center for China and Globalization, ESG, Google Play, Employment, Social, Food bank, China Daily, 10 years, Foreign direct investment, N95, CCG, Poverty, People's Daily, Development studies, Book, Li Ping, Investment, Mercer (consulting firm), Children's Day, Bloomberg Businessweek, COVID-19, BlueCity, Yumi Matsutoya, Social responsibility, Dimensional Fund Advisors, Rapping, International Children's Festival, Video game, Mobile phone, Pharmaceutical industry, Medical device, Film, Renewable energy, NewBornTown, Science, Nikkei, Yoho

In February 2022, MICO, a social networking platform of NewbornTown, held its Annual Ceremony in Cairo, the capital of Egypt.

Key Points: 
  • In February 2022, MICO, a social networking platform of NewbornTown, held its Annual Ceremony in Cairo, the capital of Egypt.
  • In April 2022, NewbornTown held the first social networking industry media gathering in Egypt, inviting dozens of mainstream media to attend.
  • In September 2022, NewbornTown was awarded the Excellent Cases of Science and Technology Promoting SDGs Awards 2022 by Technology for Sustainable Development Goals Alliance for Aisa (Tech4SDG).
  • In December 2022, NewbornTown was awarded "Investors' Most Watched Listed Company 2022" by Huashengtong, a stock trading information platform, at the annual Huashengtong Community Awards.

BlueCity Announces Completion of Merger

Retrieved on: 
Friday, August 12, 2022
Slate, U.S. Securities and Exchange Commission, Simpson Thacher & Bartlett, Tripura Merger Agreement, ADSS, Plan, BlueCity, Forward-looking statement, GLOBE, Schedule, Form, Kroll, ADS, Securities Exchange Act of 1934, SEC, Terminology, LGBTQ, LLC, Security (finance), Person, LLP, Harney Westwood & Riegels, Form 6-K, Share, Company, Letter, Canadian House of Commons Special Committee on Electoral Reform, Parent, Skadden, Sub, Committee, NASDAQ, Privacy, US, Nasdaq, Social, Form 20-F, Time, Agreement, Blued, Mergers and acquisitions, PRC

BEIJING, Aug. 12, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (BlueCity or the Company) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced that completion of the merger (the Merger) with Diversefuture Limited (the Merger Sub), a wholly-owned subsidiary of Multelements Limited (the Parent), pursuant to the previously announced Agreement and Plan of Merger (the Merger Agreement), dated as of April 30, 2022, among the Company, the Parent and the Merger Sub.

Key Points: 
  • BEIJING, Aug. 12, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (BlueCity or the Company) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced that completion of the merger (the Merger) with Diversefuture Limited (the Merger Sub), a wholly-owned subsidiary of Multelements Limited (the Parent), pursuant to the previously announced Agreement and Plan of Merger (the Merger Agreement), dated as of April 30, 2022, among the Company, the Parent and the Merger Sub.
  • As a result of the Merger, the Company became a wholly owned subsidiary of Parent and will cease to be a publicly traded company.
  • BlueCity (NASDAQ: BLCT) is a world-leading online LGBTQ community providing a comprehensive suite of services to foster connections and enhance the wellbeing of the LGBTQ community.
  • With commitment to providing high-quality user experience, ensuring privacy protection, and promoting community health and well-being, BlueCity has captured the hearts and minds of LGBTQ people across the globe.

BlueCity Announces Shareholders’ Approval of Merger Agreement

Retrieved on: 
Friday, July 29, 2022
Nasdaq, Cayman Islands, GLOBE, Company, BlueCity, Companies Act 2006, Plan, Forward-looking statement, Privacy, LGBTQ, Tripura Merger Agreement, Compliance, Person, Social, Agreement, Companies Act, Schedule, NASDAQ, Registrar, ADSS, Blued, Terminology, Proxy, Security (finance), Parent, Mergers and acquisitions

Each shareholder has one vote for each Class A ordinary share held and five votes for each Class B ordinary share held.

Key Points: 
  • Each shareholder has one vote for each Class A ordinary share held and five votes for each Class B ordinary share held.
  • The Merger Agreement, the Plan of Merger and the transactions contemplated thereby, including the Merger, were approved by approximately 95.7% of the total votes cast at the extraordinary general meeting, and were therefore duly authorized and approved by way of special resolutions as required by, and in compliance with, the Companies Act of the Cayman Islands.
  • Completion of the Merger is subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement.
  • The Company will work with the other parties to the Merger Agreement towards satisfying all other conditions precedent to the Merger set forth in the Merger Agreement and complete the Merger as quickly as possible.

BlueCity Holdings Limited to Hold Extraordinary General Meeting of Shareholders

Retrieved on: 
Thursday, June 23, 2022
Nasdaq, Securities Exchange Act of 1934, Privacy, BlueCity, ADSS, Social, Registrar, Agreement, LGBTQ, Person, Company, EGM, U.S. Securities and Exchange Commission, Forward-looking statement, ADS, FOR, Proxy, Plan, THE, Tripura Merger Agreement, GLOBE, NASDAQ, Cayman Islands, SEC, Blued, Block, Board, Terminology, Schedule, Holding company, Security (finance), Exhibit, Mergers and acquisitions, Parent

BEIJING, June 23, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (BlueCity or the Company) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced it has called an extraordinary general meeting of shareholders (the EGM), to be held on July 29, 2022 at 10:00 a.m. (Beijing time), at Block 2 Tower B, No.

Key Points: 
  • BEIJING, June 23, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (BlueCity or the Company) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced it has called an extraordinary general meeting of shareholders (the EGM), to be held on July 29, 2022 at 10:00 a.m. (Beijing time), at Block 2 Tower B, No.
  • Shareholders of recordas of 10:00 a.m. (New York City time) on July 15, 2022 will be entitled to attend and vote at the EGM and any adjournment thereof.
  • In addition, the Companys proxy materials (including the definitive proxy statement) will be mailed to the Companys shareholders.
  • The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.