Paycheck Protection Program

PetVivo Reports Fiscal 2023 Full Year Financial Results

Retrieved on: 
Thursday, June 29, 2023
Total revenue, Standby Equity Distribution Agreement, MWI, Human, Anterior cruciate ligament injury, Paycheck Protection Program, Marketing, Conference call, Bank statement, Veterinarian, G&A, Research, Average cost, Sale, Trial of the century, Animal, Annual report, Dog, Distribution, EDINA, Webcast, Anterior cruciate ligament, Forgiveness, ACL, DVM, Tobacco, Vaccine, Pharmaceutical industry, Cryptocurrency, AmerisourceBergen, Conference

EDINA, MN, June 29, 2023 (GLOBE NEWSWIRE) -- PetVivo Holdings, Inc. (Nasdaq: PETV), an emerging biomedical device company focused on the commercialization of innovative medical therapeutics for animals, announces financial results for its fiscal year ended March 31, 2023 (“fiscal 2023”).

Key Points: 
  • Conference call begins at 4:00 p.m. Central time today
    EDINA, MN, June 29, 2023 (GLOBE NEWSWIRE) -- PetVivo Holdings, Inc. (Nasdaq: PETV), an emerging biomedical device company focused on the commercialization of innovative medical therapeutics for animals, announces financial results for its fiscal year ended March 31, 2023 (“fiscal 2023”).
  • Revenues were $917,162 in fiscal 2023 compared to $115,586 for fiscal 2022.
  • Cost of sales was $526,817 in fiscal 2023 compared to $201,154 for fiscal 2022.
  • Operating expenses increased to $9,123,797 in fiscal 2023 compared to $4,970,960 in fiscal 2022.

U.S. Small Business Administration Releases Report on Anti-Fraud Control Measures in Pandemic Relief Programs

Retrieved on: 
Tuesday, June 27, 2023
Seizure, Restaurant Revitalization Fund, OIG, COVID-19, Paycheck Protection Program, Intelligence, COVID, Government, Address, Congress, PPP, Integrity, Pandemic, RRF, SBA, American Rescue Plan Act of 2021, Fraud, Address fraud, Legislation, Pharmaceutical industry, Audit

WASHINGTON, June 27, 2023 (GLOBE NEWSWIRE) -- The U.S. Small Business Administration (SBA) today released a report detailing analysis of anti-fraud protocols put in place by the Biden-Harris Administration in SBA’s four largest pandemic programs.

Key Points: 
  • WASHINGTON, June 27, 2023 (GLOBE NEWSWIRE) -- The U.S. Small Business Administration (SBA) today released a report detailing analysis of anti-fraud protocols put in place by the Biden-Harris Administration in SBA’s four largest pandemic programs.
  • The report is the most thorough analysis available of the initial fraud prevention measures, new controls put in place by the Biden-Harris Administration to prevent and detect fraud, and the overall impact of fraud on the pandemic relief programs.
  • Eighty-six percent of likely fraud in SBA’s pandemic relief program originated in the first nine months of the pandemic.
  • Looking ahead to potential future national emergencies, the report also outlines recommendations to mitigate fraud through the design of relief programs.

ETC Announces Fiscal 2023 Full Year and Fourth Quarter Results

Retrieved on: 
Friday, June 9, 2023
OTC Markets Group, ERC, International, Inventory revolving line of credit, NOL, Marketing, ATS, Paycheck Protection Program, ETC, Income tax, CIS, Research, Absorption, Sale, Domestic, Public expenditure, PPP, US, State, Collection, Aerospace, Forgiveness, Credit, Video game, Arms industry, Risk management, Security (finance), Cryptocurrency, Autoclave

SOUTHAMPTON, Pa., June 09, 2023 (GLOBE NEWSWIRE) -- Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today reported its financial results for the thirteen week period ended February 24, 2023 (the “2023 fourth quarter”) and the fifty-two week period ended February 24, 2023 (“fiscal 2023”).

Key Points: 
  • SOUTHAMPTON, Pa., June 09, 2023 (GLOBE NEWSWIRE) -- Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today reported its financial results for the thirteen week period ended February 24, 2023 (the “2023 fourth quarter”) and the fifty-two week period ended February 24, 2023 (“fiscal 2023”).
  • Net sales for fiscal 2023 were $26.3 million, an increase of $7.2 million, or 37.7%, compared to fiscal 2022 net sales of $19.1 million.
  • Operating expenses, including sales and marketing, general and administrative, and research and development, for the fiscal 2023 fourth quarter were $2.9 million, an increase of $0.8 million, or 41.1%, compared to $2.1 million for the fiscal 2022 fourth quarter.
  • An income tax provision of $0.1 million was recorded in the fiscal 2023 fourth quarter compared to benefit of $0.2 million in the 2022 fourth quarter.

Readout on SBA Administrator Isabella Casillas Guzman’s Visit with Divine Nine Presidents

Retrieved on: 
Thursday, June 8, 2023
Theta, National Pan-Hellenic Council, Small business, Partnership, Omega Psi Phi, International, Interview, American Rescue Plan Act of 2021, Administrator, Paycheck Protection Program, Sigma Gamma Rho, Delta Sigma, Foreign policy of the Joe Biden administration, COVID, African Americans, Black, Phi Beta Sigma, Organization, PPP, SBA, Nursing, Management, Synthetic oil, Maid service

WASHINGTON, June 08, 2023 (GLOBE NEWSWIRE) -- On Monday, June 5, 2023, SBA Administrator Isabella Casillas Guzman joined the leaders of the National Pan-Hellenic Council for a roundtable discussion on bolstering Black entrepreneurship in America.

Key Points: 
  • WASHINGTON, June 08, 2023 (GLOBE NEWSWIRE) -- On Monday, June 5, 2023, SBA Administrator Isabella Casillas Guzman joined the leaders of the National Pan-Hellenic Council for a roundtable discussion on bolstering Black entrepreneurship in America.
  • Administrator Guzman discussed President Biden’s Investing in America economic agenda, federal contracting opportunities, and expanding opportunities for Black entrepreneurs.
  • In 2021, the SBA made key changes to the Paycheck Protection Program (PPP) loan program and other COVID relief programs that allowed more entrepreneurs from underserved communities to access relief.
  • The group also discussed SBA’s recent changes to improve access to capital for small business owners from historically disadvantaged backgrounds.

Best ERC Specialist Companies (June 2023): Top Employee Retention Credit Services Reviewed by Better Business Advice

Retrieved on: 
Friday, June 9, 2023
Consulting, Professional Services, Business, Human Resources, Fortune 1000, ERC, Better Business Bureau, Paycheck Protection Program, COVID-19, Assistant, PPP, Online shopping, Video game, Insurance, Lendio

Better Business Advice has published their review of the best Employee Retention Credit (ERC) specialist services as of June 2023.

Key Points: 
  • Better Business Advice has published their review of the best Employee Retention Credit (ERC) specialist services as of June 2023.
  • The top ERC specialists identified by Better Business Advice are Omega Tax Credits and Bottom Line Concepts .
  • The ERC specialist services review published by Better Business Advice also includes ERC Assistant, ERC Specialists, and Lendio as notable options for business owners seeking ERC assistance.
  • Business owners seeking ERC assistance can also consider ERC Assistant, ERC Specialists, and Lendio, all of which offer valuable expertise and services in navigating the complexities of the ERC program.

Alithya Reports Strong Revenue Growth and Financial Performance for Fourth Quarter and Fiscal 2023

Retrieved on: 
Thursday, June 8, 2023
Paycheck Protection Program, Ratio, Net, Net income, PPP, EBITDA, Acquisition, Depreciation, Growth, Forgiveness, Alithya, Video game, Cryptocurrency, Retail, Vitalyst, Q4, Data, Adjustment

"Alithya is closing out another strong year in fiscal 2023.

Key Points: 
  • "Alithya is closing out another strong year in fiscal 2023.
  • We have also added 32 new clients in the quarter, bringing our fiscal 2023 total to 144.
  • This strong base and new clients have enabled us to deliver both sequential and strong year-over-year performance in revenues, gross margin as a percentage of revenues, and Adjusted EBITDA.
  • More specifically, Alithya has established a three-pronged growth plan focusing on:
    Increasing scale through organic growth and complementary acquisitions;

Cadence Bank Receives Outstanding Rating in CRA Evaluation, Demonstrating Commitment to Communities

Retrieved on: 
Tuesday, June 6, 2023
Federal Deposit Insurance Corporation, Small business, Housing, Small Business Administration, COVID-19, Paycheck Protection Program, FDIC, Cadence Bank, Student Investment Advisory Service, Community Reinvestment Act, NYSE, Community, CADE, CRA, Economic development, Digital, Low-Income Housing Tax Credit, Bank, Real estate, Cadence, Investment

HOUSTON and TUPELO Miss., June 6, 2023 /PRNewswire/ -- Cadence Bank (NYSE: CADE) today announced its latest achievement on the Community Reinvestment Act (CRA) performance evaluation conducted by the Federal Deposit Insurance Corporation (FDIC). The bank received an Outstanding overall and in the Investment and Service categories, as well as High Satisfactory in Lending. This recognition solidifies Cadence's long-standing commitment to supporting and serving its communities.

Key Points: 
  • The bank received an Outstanding overall and in the Investment and Service categories, as well as High Satisfactory in Lending.
  • This recognition solidifies Cadence's long-standing commitment to supporting and serving its communities.
  • "We are immensely proud of our team's exceptional accomplishments, which led to Cadence securing the highest CRA rating.
  • Key highlights from the report include the following achievements:
    Small business lending levels reflected excellent responsiveness to assessment area credit needs.

ScottHall.co Announces AI-Enabled Chatbot That Answers Questions About The ERTC

Retrieved on: 
Friday, May 26, 2023
Paycheck Protection Program, PPP, W-2, IRS, Legislation, Health insurance, Life insurance

ScottHall.co, a New York-based software and content marketing consultancy, has introduced a new AI-driven chatbot designed to help business owners looking to claim the Employee Retention Tax Credit (ERTC) get answers to their questions about the credit.

Key Points: 
  • "Any business with fewer than 500 full-time W-2 employees could qualify for the ERTC, including non-profits and start-ups.
  • "When ERTC legislation was originally passed in 2020, PPP borrowers did not qualify, but the legislation has been amended since then."
  • In March of 2021, the American Rescue Act changed IRS regulations, making millions of businesses eligible for both the PPP and ERTC.
  • Prior to the release of the chatbot, the company had partnered with tax accountants specializing in ERTC forms processing.

Sono-Tek Announces Financial Results for Fiscal Year 2023; Positive Net Sales Growth Expected for Fiscal Year 2024

Retrieved on: 
Thursday, May 25, 2023
Semiconductor, Medicine, Medical device, Paycheck Protection Program, Sale, Primary energy, Growth, Clothing, Video game, Security (finance)

MILTON, N.Y, May 25, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Sono-Tek Corporation (NASDAQ: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its fourth quarter and fiscal year 2023, ended February 28, 2023 (“fiscal 2023”).

Key Points: 
  • Net sales were $15.1 million, a 12% decrease, compared to $17.1 million in fiscal 2022.
  • Gross profit decreased 11% to $7.7 million for fiscal year 2023 compared with $8.6 million for fiscal year 2022.
  • For the first quarter of fiscal 2024, ending May 31, 2023, net sales are expected to be slightly below net sales of $3.7 million recorded in the fourth quarter of fiscal 2023 due to remaining supply chain issues.
  • Fiscal year 2024 net sales are projected to post positive growth, as remaining supply chain issues ease and shipments of orders from yearend backlog, including high margin multi-axis systems, resume.

Abrigo Named Dominant Provider in Commercial LOS Report by Aite-Novarica

Retrieved on: 
Tuesday, May 23, 2023
API, Growth, Paycheck Protection Program, AI, Bank, Abrigo

AUSTIN, Texas, May 23, 2023 /PRNewswire/ -- Abrigo, the leading technology provider of compliance, credit risk, and lending solutions for financial institutions, is proud to be named a Dominant Provider in the Aite-Novarica Commercial Loan Origination System Vendor Report for 2023.

Key Points: 
  • AUSTIN, Texas, May 23, 2023 /PRNewswire/ -- Abrigo, the leading technology provider of compliance, credit risk, and lending solutions for financial institutions, is proud to be named a Dominant Provider in the Aite-Novarica Commercial Loan Origination System Vendor Report for 2023.
  • Abrigo earned the highest score overall across the four main categories when averaged, including the top mark amongst all vendors for Client Strength.
  • Abrigo has an active customer network with more than 60,000 users in the Abrigo Community.
  • "We are focused on consistent advancement and forward-thinking solutions at Abrigo in order to extend our platform and support our 2,400 clients," said Jay Blandford, CEO of Abrigo.