APPH

Accorto Regulatory Solutions and Inter Scientific Enter Strategic Alliance to Deliver an Integrated Single-Point Solution for Clients

Retrieved on: 
Tuesday, November 28, 2023

RICHMOND, Va. and LIVERPOOL, England, Nov. 28, 2023 /PRNewswire/ -- Accorto Regulatory Solutions, LLC.

Key Points: 
  • RICHMOND, Va. and LIVERPOOL, England, Nov. 28, 2023 /PRNewswire/ -- Accorto Regulatory Solutions, LLC.
  • The two companies aspire to use this alliance to streamline the regulatory application development process on behalf of global clients, providing a market leading turn-key solution for both regulatory support and associated analytical data development.
  • Inter Scientific co-founder David Lawson said, "We are thrilled to unveil our strategic alliance with Accorto.
  • "We are continuously looking for opportunities to add value to the services we provide, and having trusted partners like Inter Scientific allows us to do just that."

Accorto Regulatory Solutions and Inter Scientific Enter Strategic Alliance to Deliver an Integrated Single-Point Solution for Clients

Retrieved on: 
Tuesday, November 28, 2023

RICHMOND, Va. and LIVERPOOL, England, Nov. 28, 2023 /PRNewswire/ -- Accorto Regulatory Solutions, LLC.

Key Points: 
  • RICHMOND, Va. and LIVERPOOL, England, Nov. 28, 2023 /PRNewswire/ -- Accorto Regulatory Solutions, LLC.
  • The two companies aspire to use this alliance to streamline the regulatory application development process on behalf of global clients, providing a market leading turn-key solution for both regulatory support and associated analytical data development.
  • Inter Scientific co-founder David Lawson said, "We are thrilled to unveil our strategic alliance with Accorto.
  • "We are continuously looking for opportunities to add value to the services we provide, and having trusted partners like Inter Scientific allows us to do just that."

EQS-News: APONTIS PHARMA confirms preliminary figures – H1 2023 sales and earnings decline

Retrieved on: 
Thursday, August 10, 2023

APONTIS PHARMA AG (ticker APPH / ISIN DE000A3CMGM5 ), a leading pharmaceutical company specializing in Single Pills in the German market, has confirmed the preliminary figures it announced in July by publishing its half-year report.

Key Points: 
  • APONTIS PHARMA AG (ticker APPH / ISIN DE000A3CMGM5 ), a leading pharmaceutical company specializing in Single Pills in the German market, has confirmed the preliminary figures it announced in July by publishing its half-year report.
  • The company reported a total decline in sales of 32% to EUR 19.1 million in the first half of 2023 (6M 2022: EUR 28.1 million).
  • In the cooperation business, APONTIS PHARMA generated sales revenues of EUR 5.9 million (6M 2022: EUR 9.1 million).
  • By contrast, earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR -4.0 million were mainly influenced by the development of sales (6M 2022: EUR 3.2 million).

EQS-News: APONTIS PHARMA AG withdraws forecast for fiscal year 2023 and medium-term planning for 2026 – Preparation of program to increase operating performance and efficiency launched

Retrieved on: 
Thursday, July 27, 2023

Preliminary EBITDA declined to EUR -4.0 million in the first half of 2023 (H1 2022: EUR 3.2 million).

Key Points: 
  • Preliminary EBITDA declined to EUR -4.0 million in the first half of 2023 (H1 2022: EUR 3.2 million).
  • The Single Pill AP-D13 is scheduled for launch in September 2023 and AP-D19 in October 2023.
  • In order to improve profitability in the years ahead, the Company has started preparing a program to increase its operational performance and efficiency.
  • APONTIS PHARMA will publish its 2023 half-year report as planned on 10 August 2023.

AppHarvest announces Chapter 11 filing to support a financial and operational transition

Retrieved on: 
Monday, July 24, 2023

 MOREHEAD, Ky., July 24, 2023 (GLOBE NEWSWIRE) --  AppHarvest, Inc. (NASDAQ: APPH, APPHW), a sustainable food company, public benefit corporation and Certified B Corp building and operating some of the world’s largest high-tech indoor farms to grow affordable, nutritious fruits and vegetables at scale while providing good jobs in Appalachia, today announced that it is pursuing a financial and operational transition to enable the company to reduce its outstanding liabilities. Business operations will continue at the farms, including shipping product to top national grocery store chains, restaurants and food service outlets.

Key Points: 
  • To pursue its transition, AppHarvest, Inc. has filed voluntary petitions for protection under Chapter 11 of the U.S. Bankruptcy Code (the “Chapter 11 Cases”) in the U.S. Bankruptcy Court for the Southern District of Texas (the “Court”).
  • The company has also obtained a commitment from Equilibrium, the company’s largest secured creditor, to provide approximately $30 million of debtor-in-possession (“DIP”) financing to provide the necessary liquidity to support operations at the AppHarvest Morehead, AppHarvest Richmond and AppHarvest Somerset farms during the Chapter 11 process.
  • “The AppHarvest board of directors and executive leadership evaluated several strategic alternatives to maximize value for all stakeholders prior to the Chapter 11 filing,” said AppHarvest CEO Tony Martin.
  • AppHarvest is represented by Sidley Austin LLP and Jackson Walker LLP as counsel, Jefferies LLC as investment banker and Portage Point Partners as financial adviser.

AppHarvest names CEA industry vet Tony Martin CEO to help accelerate production and revenue ramp up of high-tech indoor farm network

Retrieved on: 
Thursday, July 13, 2023

MOREHEAD, Ky., July 13, 2023 (GLOBE NEWSWIRE) -- AppHarvest, Inc. (NASDAQ: APPH, APPHW), a sustainable food company, public benefit corporation and Certified B Corp building some of the world’s largest high-tech indoor farms to grow affordable, nutritious fruits and vegetables at scale while providing good jobs in Appalachia, today named controlled environment agriculture veteran Tony Martin its chief executive officer effective immediately to accelerate its strategic plan, Project New Leaf, which has shown strong progress toward operational efficiencies resulting in higher sales, cost savings and product quality as the company works to increase production across its four-farm network.

Key Points: 
  • Martin has served as an AppHarvest board member since October 2022 and as chief operating officer since January of this year.
  • “I’m seeing a maturity building in the organization to better manage issues and to mitigate any material impact from challenges.
  • AppHarvest Founder Jonathan Webb transitions from his previous roles as chairman and CEO to become chief strategy officer.
  • The board and I thank Jonathan for his service as CEO and chair and appreciate his continued efforts to support the company.”

Investor Interest Growing in Agricultural Technologies

Retrieved on: 
Thursday, May 11, 2023

NEW YORK, May 11, 2023 /PRNewswire/ -- The agriculture industry has generally been a large and essential industry. In recent years, it has undergone significant changes due to advancements in technology, transforming the way we farm and produce food. Agriculture technology, also known as AgTech, refers to the use of technology to enhance agricultural productivity and efficiency. This includes the use of precision agriculture, automated equipment, biotechnology, and other technological innovations that help farmers make better decisions and optimize their operations. Among the various technological advancements are precision agriculture, automated equipment and biotechnology. The impact of agriculture technology extends beyond just the farming sector, as the benefits of AgTech can be felt across the entire supply chain, from increased production and efficiency to improved food safety and security. VCI Global Limited (NASDAQ: VCIG), The Mosaic Company (NYSE: MOS), Vital Farms (NASDAQ: VITL), AppHarvest, Inc. (NASDAQ: APPH), Corteva, Inc. (NYSE: CTVA) 

Key Points: 
  • Agriculture technology, also known as AgTech, refers to the use of technology to enhance agricultural productivity and efficiency.
  • On the other hand, industrial farming has also been greatly impacted by AgTech, allowing for larger-scale operations with fewer resources.
  • "Our decision to temporarily curtail Colonsay reflects near-term dynamics and not long-term agricultural market fundamentals.
  • With over 100 years of hybrid corn breeding, Corteva has built generational strength in germplasm performance that provides sustained yield advantage across diverse growing conditions.

Investor Interest Growing in Agricultural Technologies

Retrieved on: 
Thursday, May 11, 2023

NEW YORK, May 11, 2023 /PRNewswire/ -- The agriculture industry has generally been a large and essential industry. In recent years, it has undergone significant changes due to advancements in technology, transforming the way we farm and produce food. Agriculture technology, also known as AgTech, refers to the use of technology to enhance agricultural productivity and efficiency. This includes the use of precision agriculture, automated equipment, biotechnology, and other technological innovations that help farmers make better decisions and optimize their operations. Among the various technological advancements are precision agriculture, automated equipment and biotechnology. The impact of agriculture technology extends beyond just the farming sector, as the benefits of AgTech can be felt across the entire supply chain, from increased production and efficiency to improved food safety and security. VCI Global Limited (NASDAQ: VCIG), The Mosaic Company (NYSE: MOS), Vital Farms (NASDAQ: VITL), AppHarvest, Inc. (NASDAQ: APPH), Corteva, Inc. (NYSE: CTVA) 

Key Points: 
  • Agriculture technology, also known as AgTech, refers to the use of technology to enhance agricultural productivity and efficiency.
  • On the other hand, industrial farming has also been greatly impacted by AgTech, allowing for larger-scale operations with fewer resources.
  • "Our decision to temporarily curtail Colonsay reflects near-term dynamics and not long-term agricultural market fundamentals.
  • With over 100 years of hybrid corn breeding, Corteva has built generational strength in germplasm performance that provides sustained yield advantage across diverse growing conditions.

AppHarvest beats consensus with Q1 2023 net sales of $13.0 million and makes significant progress on five-year Project New Leaf strategy

Retrieved on: 
Wednesday, May 10, 2023

MOREHEAD, Ky., May 10, 2023 (GLOBE NEWSWIRE) -- AppHarvest, Inc. (NASDAQ: APPH, APPHW), a sustainable food company, public benefit corporation and Certified B Corp building some of the world’s largest high-tech indoor farms to grow affordable, nutritious fruits and vegetables at scale while providing good jobs in Appalachia, today announced its operating and financial results for the quarter ending March 31, 2023, reiterating its full year 2023 guidance and showing strong progress toward operational efficiencies resulting in higher sales, cost savings and product quality as the company works to increase production across its three new farms.

Key Points: 
  • For the first quarter 2023, net sales were $13.0 million versus net sales of $5.2 million in the first quarter of 2022 – a more than 250% increase and nearly 90% of the company’s net sales for full year 2022.
  • This $7.8 million increase in net sales during the quarter was primarily driven by tomato sales from the third harvest season at AppHarvest Morehead and the start-up of operations at AppHarvest Berea, AppHarvest Richmond and AppHarvest Somerset.
  • Net sales by crop type were almost $11.0 million in tomatoes, more than $1.0 million in strawberries, over $800,000 in salad greens and nearly $200,000 in cucumbers.
  • “Under Tony’s leadership, we’re already seeing improved performance in the first quarter with net sales of $13 million,” said AppHarvest Founder and CEO Jonathan Webb.

AppHarvest sets first quarter earnings call on May 10, 2023

Retrieved on: 
Wednesday, April 26, 2023

The company will host a conference call and webcast to review its results the same day at 4:30 p.m.

Key Points: 
  • The company will host a conference call and webcast to review its results the same day at 4:30 p.m.
  • The conference call will be streamed over the internet and accessible through the “Investor Relations” section of the AppHarvest website at https://investors.appharvest.com .
  • To join the live call, please register here for the dial-in number and a personal PIN code.
  • An audio-only replay of the webcast will be available on the company’s website approximately 90 minutes after the end of the conference call for 30 days.