IHT

IHT HOTEL REVENUE CONTINUES TO GROW

Retrieved on: 
Monday, April 8, 2024
Electricity, Estrone, Tourism, Share repurchase, Fiscal year, Interest, Book, Total, IHT

IHT hotel operations were strong in the Fiscal Year ended January 31, 2024, and are contributing to a solid start in the current 2025 Fiscal First Quarter, with both the Tucson Hotel and Albuquerque Hotel achieving record results for the combined months of February and March, of the current Fiscal Year.

Key Points: 
  • IHT hotel operations were strong in the Fiscal Year ended January 31, 2024, and are contributing to a solid start in the current 2025 Fiscal First Quarter, with both the Tucson Hotel and Albuquerque Hotel achieving record results for the combined months of February and March, of the current Fiscal Year.
  • These are all positive signs for InnSuites, as progress continues while the Travel Industry, and InnSuites Hospitality Trust (IHT) specifically, continue to grow and thrive.
  • IHT holds convertible bonds and warrants that, when fully exercised, could result in IHT holding an approximate 20% or more ownership stake in UniGen.
  • IHT management believes that due to real estate held on the books of IHT at book values believed to be significantly below current market value and due to the high clean energy diversification profit potential ahead, the IHT future looks bright.

Team, Inc. Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, March 7, 2024
Sale, Safety, GAAP, IHT, Administration, TEAM, Team, Depreciation, Video game

Announced fourth quarter 2023 revenues of $214.1 million, up 1.3% over the 2022 fourth quarter revenue of $211.3 million.

Key Points: 
  • Announced fourth quarter 2023 revenues of $214.1 million, up 1.3% over the 2022 fourth quarter revenue of $211.3 million.
  • Reported fourth quarter 2023 net loss of $23.1 million, a $33.8 million improvement from the 2022 fourth quarter net loss of $56.9 million.
  • Our fourth quarter and full year results demonstrated tangible progress against those goals through an expanded Adjusted EBITDA margin and, for the fourth quarter, $8.1 million of positive Free Cash Flow.
  • Consolidated Adjusted EBITDA, a non-GAAP measure, was $9.7 million for the fourth quarter of 2023 up 45.1% compared to $6.7 million for the prior-year quarter.

IHT DECLARES 54TH CONSECUTIVE ANNUAL DIVIDEND AS REVENUES CONTINUE TO CLIMB WITH RECORD DECEMBER

Retrieved on: 
Monday, January 8, 2024
IHT, Trustee, Estrone

Phoenix, AZ, Jan. 08, 2024 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) On January 5, 2024, the Board of Trustees of InnSuites Hospitality Trust (NYSE Am: IHT), announced a semi-annual dividend of $0.01 per share payable on February 5, 2024, to shareholders of record as of January 22, 2024, extending an uninterrupted continuous 54-year history of annual dividends.

Key Points: 
  • Phoenix, AZ, Jan. 08, 2024 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) On January 5, 2024, the Board of Trustees of InnSuites Hospitality Trust (NYSE Am: IHT), announced a semi-annual dividend of $0.01 per share payable on February 5, 2024, to shareholders of record as of January 22, 2024, extending an uninterrupted continuous 54-year history of annual dividends.
  • InnSuites hotel operations revenue continues to grow, with the highest combined hotel revenue total ever in December for IHT hotels at $524,219.
  • The UniGen diversified efficient clean energy investment continues to progress, while seeking additional funding.

IHT THIRD FISCAL QUARTER REVENUES INCREASE 7%

Retrieved on: 
Thursday, December 7, 2023
IHT, Interest, Fiscal, UPI, Net income, Estrone, Hydrogen, Water, Ethanol, Natural gas

Phoenix, AZ, Dec. 07, 2023 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) reported a continuation of improved results for the Third Quarter of Fiscal 2024, (August 1, 2023, to October 31, 2023), as Total Revenues increased to $1,824,499, which is an increase of 7%, compared to the prior year Fiscal Third Quarter of $1,704,612.

Key Points: 
  • Phoenix, AZ, Dec. 07, 2023 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) reported a continuation of improved results for the Third Quarter of Fiscal 2024, (August 1, 2023, to October 31, 2023), as Total Revenues increased to $1,824,499, which is an increase of 7%, compared to the prior year Fiscal Third Quarter of $1,704,612.
  • The First Three Quarters of Fiscal 2024, (February 1, 2023, to October 31, 2023), remain strong, with Total Revenues up $211,769, at $5,751,583, up over 4% compared to the First Three Quarters of Fiscal 2023 (February 1, 2022, to October 31, 2022).
  • This represents the eighth consecutive Profitable Quarter dating back to Fourth Fiscal Quarter 2022 (November 1, 2021, through January 31, 2022).
  • IHT holds stock, convertible bonds, and warrants that, when fully converted/exercised, could result in IHT holding up to an approximate 25% ownership stake in UniGen.

Team, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 9, 2023
Sale, IHT, Eye, EBITDA, NYSE, EBIT, Inspection, Depreciation, Team, GAAP, Adjustment, TEAM, Music, Pharmaceutical industry, Video game

Grew consolidated Adjusted EBITDA2 to $11.1 million (5.4% of consolidated revenue), up from $10.6 million (4.9% of consolidated revenue) in the 2022 third quarter.

Key Points: 
  • Grew consolidated Adjusted EBITDA2 to $11.1 million (5.4% of consolidated revenue), up from $10.6 million (4.9% of consolidated revenue) in the 2022 third quarter.
  • Repaid the Company’s remaining $41.2 million of convertible notes with proceeds from the previously announced June 2023 refinancing transaction.
  • In the third quarter of 2023, consolidated gross margin was $52.8 million, or 25.5% of revenue, compared with $56.0 million, or 25.7%, in the same quarter a year ago.
  • The following table illustrates the composition of the Company’s revenue and operating income (loss) by segment for the quarter ended September 30, 2023 and 2022 (in thousands):

IHT FIRST FISCAL HALF REVENUES INCREASE

Retrieved on: 
Thursday, September 14, 2023
Interest, Hydrogen, Ethanol, UPI, Estrone, IHT, Net income, Water, Natural gas, Hospital trust, NYSE

Phoenix, AZ, Sept. 14, 2023 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) reported a continuation of improved results in the First Fiscal Half of 2024, (February 1, 2023, to July 31, 2023), with Total Revenues up $91,882, at $3,927,084.

Key Points: 
  • Phoenix, AZ, Sept. 14, 2023 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) reported a continuation of improved results in the First Fiscal Half of 2024, (February 1, 2023, to July 31, 2023), with Total Revenues up $91,882, at $3,927,084.
  • Consolidated Net Income before non-cash depreciation expense was $866,611 for the 2024 First Fiscal Half ended July 31, 2023 (February 1, 2023, through July 31, 2023).
  • Net Income Attributable to Controlling Interests for the First Fiscal Half was $245,661.
  • IHT holds stock, convertible bonds, and warrants that, when fully converted/exercised, could result in IHT holding up to an approximate 25% ownership stake in UniGen.

Team, Inc. Reports Second Quarter 2023 Results

Retrieved on: 
Thursday, August 10, 2023
Electrical and Mechanical Services Department, Team, GAAP, EBIT, Sale, IHT, EBITDA, Inspection, Depreciation, Adjustment, Annual report, NYSE, Video game, Retail, Pharmaceutical industry

SUGAR LAND, Texas, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported its financial results for the second quarter ended June 30, 2023.

Key Points: 
  • Grew consolidated Adjusted EBITDA2 to $17.4 million (7.3% of consolidated revenue), up from $5.7 million (2.6% of consolidated revenue) in the 2022 second quarter.
  • Unfavorable foreign exchange rate movements in the 2023 second quarter reduced consolidated revenue growth by $1.8 million.
  • In the second quarter of 2023, consolidated gross margin was $60.9 million, or 25.4% of revenue, up 190 basis points from 23.5%, or $52.1 million, in the same quarter a year ago.
  • Consolidated net loss in the second quarter of 2023 was $15.8 million ($3.61 loss per share) compared to a net loss from continuing operations of $28.2 million ($6.53 loss per share) in the second quarter of 2022.

IHT DECLARES 53RD CONSECUTIVE ANNUAL DIVIDEND; ANNUAL PROXY FILED

Retrieved on: 
Wednesday, July 12, 2023
Shareholder, Hydrogen, Ethanol, Proxy, History, UPI, Estrone, IHT, Suite, Share repurchase, Annual general meeting, Trustee, InnSuites Hospitality, Water, Natural gas, St. Olav's Hospital Trust, NYSE, Fiscal, Rare-earth element, Security (finance)

InnSuites hotel operations continue strong, while the investment in UniGen’s diversified efficient clean energy innovation continues to progress.

Key Points: 
  • InnSuites hotel operations continue strong, while the investment in UniGen’s diversified efficient clean energy innovation continues to progress.
  • IHT filed its Fiscal 2023 Annual Report and Proxy on July 9th.
  • IHT holds stock, convertible bonds, and warrants that, when fully converted/exercised, could result in IHT holding an approximate 25% ownership stake in UniGen.
  • In management’s opinion IHT stock continues to be undervalued, with IHT extending its stock buyback program.”

Bluescape's FedRAMP-Authorized Virtual Workspace Available Through DTS

Retrieved on: 
Tuesday, June 27, 2023
Partnership, Service-Disabled Veteran-Owned Small Business, CUI, GSA, Partner, Public, Government, FAA, IHT, DTS, Small business, Data, Principal, FedRAMP, Videotelephony, Sales, Bluescape

REDWOOD CITY, Calif., June 27, 2023 /PRNewswire-PRWeb/ -- Partnership empowers dispersed government teams to leverage knowledge and manage mission for faster decision-making and modern operations

Key Points: 
  • Bluescape ®, a visual collaboration and workspace platform, announced today that it has partnered with DTS , a cyber, consulting, and management services company, to deliver its virtual work platform to the firm's government customers.
  • DTS solutions are available through GSA PSS, GSA IT 70, FAA eFAST, VECTOR, , and IHT contract vehicles.
  • "DTS' experts design and implement technology solutions that help government customers map business processes by identifying and eliminating inefficiencies," said Edward Tuorinsky, Managing Principal of DTS.
  • "Partnering with Bluescape brings our customers access to a trusted virtual workspace solution with proven results."

IHT Q1 PROFIT UP 25%

Retrieved on: 
Wednesday, June 14, 2023
Exercise, Interest, Engineering, Hydrogen, Ethanol, UPI, Estrone, IHT, Share repurchase, Water, Natural gas, Hospital trust, NYSE, Fiscal, Security (finance)

Total Trust Equity increased to $4,017,911 at the end of Fiscal First Quarter 2024, up approximately 9%, or $335,766.

Key Points: 
  • Total Trust Equity increased to $4,017,911 at the end of Fiscal First Quarter 2024, up approximately 9%, or $335,766.
  • InnSuites Hospitality Trust (IHT), in late 2019, made a diversification investment in new development privately held UniGen Power, Inc. (UniGen), developing a high risk, high profit potential, efficient clean electricity energy generation innovation.
  • IHT holds stock, convertible bonds, and warrants that, when fully converted/exercised, could result in IHT holding an approximate 25% ownership stake in UniGen.
  • IHT may participate in the upcoming round of capital raising through the exercise of existing warrants, which may or may not result in further increase of IHT fully diluted ownership.