JSI

JSI Store Fixtures Launches New Line of Environmentally Friendly Refrigerated Displays

Retrieved on: 
Tuesday, February 27, 2024

JSI Store Fixtures, an LSI Industries Inc. company (Nasdaq: LYTS), shipped its first order of refrigerated retail displays featuring environmentally friendly R290 refrigerant this month.

Key Points: 
  • JSI Store Fixtures, an LSI Industries Inc. company (Nasdaq: LYTS), shipped its first order of refrigerated retail displays featuring environmentally friendly R290 refrigerant this month.
  • JSI was well positioned to implement this new method in its store fixtures and to provide customers with an exciting, innovative, and environmentally sound solution to improve the environment.
  • JSI is committed to transitioning away from CFCs, HCFCs and HFCs to more environmentally friendly natural refrigerants such as R290 propane.
  • JSI established a new manufacturing site for research and development of next generation, environmentally friendly products to continue innovating industry-leading solutions.

LSI Industries Reports Fiscal 2024 Second Quarter Results and Declares Quarterly Cash Dividend

Retrieved on: 
Thursday, January 25, 2024

LSI Industries Inc. (Nasdaq: LYTS, “LSI” or the “Company”) a leading U.S. based manufacturer of commercial lighting and display solutions, today reported financial results for the fiscal 2024 second quarter ended December 31, 2023.

Key Points: 
  • LSI Industries Inc. (Nasdaq: LYTS, “LSI” or the “Company”) a leading U.S. based manufacturer of commercial lighting and display solutions, today reported financial results for the fiscal 2024 second quarter ended December 31, 2023.
  • The Company generated free cash flow of $7.3 million in the second quarter, or nearly $44.0 million on a trailing twelve-month basis.
  • At the end of the second quarter, LSI had cash and availability on its credit facility totaling $103 million.
  • The Company declared a regular cash dividend of $0.05 per share payable on February 13, 2024, to shareholders of record on February 5, 2024.

Janus Henderson Launches Securitized Income Exchange Traded Fund

Retrieved on: 
Thursday, November 9, 2023

Investors are generally underexposed to securitized credit and JSI offers direct exposure to key areas of the securitized markets that investors otherwise wouldn't have the ability to access,” said John Kerschner, Head of U.S. Securitized Products and Portfolio Manager on the Fund at Janus Henderson.

Key Points: 
  • Investors are generally underexposed to securitized credit and JSI offers direct exposure to key areas of the securitized markets that investors otherwise wouldn't have the ability to access,” said John Kerschner, Head of U.S. Securitized Products and Portfolio Manager on the Fund at Janus Henderson.
  • Janus Henderson is a pioneer in providing innovative fixed income solutions designed to meet clients’ long-term objectives.
  • JSI will complement Janus Henderson’s suite of actively managed fixed income ETFs, including the Janus Henderson AAA CLO ETF (JAAA), the industry’s fastest growing active fixed income ETF in the last three years,* which offers floating rate exposure to CLOs primarily rated AAA.
  • It also includes the Janus Henderson Mortgage-Backed Securities ETF (JMBS), which invests primarily in high-quality agency mortgage-backed securities, the global Janus Henderson Short Duration Income ETF (VNLA), which seeks to deliver returns above cash with low volatility across rate environments, and the Janus Henderson B-BBB CLO ETF (JBBB), which offers floating rate exposure to CLOs primarily rated BBB.

LSI Industries Reports Fiscal 2024 First Quarter Results and Declares Quarterly Cash Dividend

Retrieved on: 
Wednesday, November 1, 2023

LSI Industries Inc. (Nasdaq: LYTS, “LSI” or the “Company”) a leading U.S. based manufacturer of commercial lighting and display solutions, today reported financial results for the fiscal 2024 first quarter ended September 30, 2023.

Key Points: 
  • LSI Industries Inc. (Nasdaq: LYTS, “LSI” or the “Company”) a leading U.S. based manufacturer of commercial lighting and display solutions, today reported financial results for the fiscal 2024 first quarter ended September 30, 2023.
  • LSI reported Adjusted EBITDA of $15.1 million in the fiscal first quarter, an increase of 13% versus the prior-year period.
  • “Over the last year LSI has generated more than $45 million in free cash flow, including more than $9 million in the fiscal first quarter.
  • Shipment activity will begin in late fiscal second quarter and be complete by the end of the fiscal third quarter.

Luna Innovations Names George Gomez-Quintero as Chief Financial Officer

Retrieved on: 
Tuesday, October 17, 2023

Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, announced that George Gomez-Quintero is joining the company as Chief Financial Officer (CFO) today.

Key Points: 
  • Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, announced that George Gomez-Quintero is joining the company as Chief Financial Officer (CFO) today.
  • Mr. Gomez-Quintero will lead Luna’s Finance organization and represent Luna in communications with investors, lenders and rating agencies.
  • Prior to Intelsat, Gomez-Quintero was the Chief Operating Officer at JSI, a leader in broadband solutions and consulting.
  • He was instrumental in implementing financial systems for Luna and helping us strengthen our bench of financial talent,” Graeff said.

LSI Industries Reports Fiscal 2023 Fourth Quarter and Full-Year Results and Declares Quarterly Cash Dividend

Retrieved on: 
Thursday, August 17, 2023

LSI Industries Inc. (Nasdaq: LYTS, “LSI” or the “Company”) a leading U.S. based manufacturer of commercial lighting and display solutions, today reported financial results for its fiscal 2023 fourth quarter and full year ended June 30, 2023.

Key Points: 
  • LSI Industries Inc. (Nasdaq: LYTS, “LSI” or the “Company”) a leading U.S. based manufacturer of commercial lighting and display solutions, today reported financial results for its fiscal 2023 fourth quarter and full year ended June 30, 2023.
  • Free cash flow increased to $15.6 million in the fiscal fourth quarter, with free cash flow conversion exceeding 100% in the period.
  • Free cash flow for the fiscal year was $46.4 million, with the fourth quarter the highest cash generative quarter of the fiscal year.
  • “Our solid fourth quarter performance completes a successful fiscal 2023 for LSI.

Stone-Goff Portfolio Company JSI Announces Michele Friedman as New Chief Operating Officer

Retrieved on: 
Thursday, August 10, 2023

JSI, a leading national provider of regulatory, compliance, and management consulting services to fast-growing telecommunications providers, today announced the hiring of Michele Friedman as Chief Operating Officer.

Key Points: 
  • JSI, a leading national provider of regulatory, compliance, and management consulting services to fast-growing telecommunications providers, today announced the hiring of Michele Friedman as Chief Operating Officer.
  • JSI is a portfolio company of Stone-Goff Partners, a lower middle-market private equity firm investing in technology-driven, business-to-business service companies.
  • "The telecommunications industry continues to undergo significant transformation, and Michele’s appointment as COO is an important milestone in our ongoing growth and success,” said Tasos Tsolakis, Chief Executive Officer of JSI.
  • “I'm honored to be working with a trusted industry leader assisting rural community broadband providers to close our country's digital divide,” said Ms. Friedman.

Stone-Goff Partners Closes Fund IV at $175 Million

Retrieved on: 
Thursday, June 22, 2023

Stone-Goff Partners (“SGP”), a growth-oriented private equity firm focused on tech-driven B2B service companies, today announced the final closing of Stone-Goff Partners IV (“Fund IV”) at $175 Million, reflecting significant increases in commitments from SGP’s existing investor base as well new institutional investors.

Key Points: 
  • Stone-Goff Partners (“SGP”), a growth-oriented private equity firm focused on tech-driven B2B service companies, today announced the final closing of Stone-Goff Partners IV (“Fund IV”) at $175 Million, reflecting significant increases in commitments from SGP’s existing investor base as well new institutional investors.
  • Consistent with its predecessors, Fund IV will target majority investments as the first institutional investors in founder-led companies focused on B2B services where technology plays a critical role.
  • The investor base for Fund IV, which closed on June 15, is comprised of insurance companies, fund of funds, wealth managers and family offices in North America.
  • Last August, Fund IV acquired JSI, a leading provider of specialty consulting, engineering and managed services to rural broadband telecommunications operators.

Margaret M. Crotty Elected Chair of Northwell Health Board of Trustees

Retrieved on: 
Tuesday, June 6, 2023

The Northwell Health Board of Trustees on June 1, 2023, elected Margaret Crotty of New York as its new chair.

Key Points: 
  • The Northwell Health Board of Trustees on June 1, 2023, elected Margaret Crotty of New York as its new chair.
  • She is the first woman to serve as Chair and succeeds Michael Epstein, who served for four years as chair of the 37-member board.
  • View the full release here: https://www.businesswire.com/news/home/20230606005901/en/
    Margaret M. Crotty was elected the new chair of the Northwell health Board of Trustees on June 1, 2023.
  • “Margaret is the right person at the right time to lead our board,” said Michael J. Dowling , president and CEO of Northwell Health.

Marvion's HKU Campusland scores well with undergraduates and is expected to extend its meta-campus to primary and secondary school students later this year

Retrieved on: 
Thursday, March 2, 2023

As such, Marvion will be looking to roll out the meta-campus to primary and secondary schools this year.

Key Points: 
  • As such, Marvion will be looking to roll out the meta-campus to primary and secondary schools this year.
  • The platform which first had its initial rollout prioritizing students in the Faculty of Science at HKU, received rave reviews and now expanding its reach to include secondary school students in Hong Kong.
  • Plans are in place for junior students to participate in HKU Campusland in Spring and Summer 2023.
  • Dr. Adela Lau, Deputy Director of HKU SAAS Data Science, commented on the positive impact of HKU Campusland on students, "Students were excited and enjoyed interacting in HKU Campusland."