Loss

Class Action Lawsuit Filed on Behalf of Sunnova Energy International Inc. (NOVA) Investors – Nationally Ranked Investors’ Rights Firm Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm

Retrieved on: 
Tuesday, February 20, 2024

ATLANTA, Feb. 20, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Sunnova Energy International Inc. (“Sunnova” or the “Company”) (NYSE: NOVA).

Key Points: 
  • ATLANTA, Feb. 20, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Sunnova Energy International Inc. (“Sunnova” or the “Company”) (NYSE: NOVA).
  • Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation.
  • More information about the firm is available through its website, www.holzerlaw.com , and upon request from the firm.
  • Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.

ALVR INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that AlloVir Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

Retrieved on: 
Tuesday, February 20, 2024

Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/ALVR .

Key Points: 
  • Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/ALVR .
  • The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the AlloVir's business, operations, and prospects.
  • or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660.
  • Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits.

CPI Card Group Inc. Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, March 7, 2024

As anticipated, fourth quarter sales were similar to third quarter levels as customers generally remained cautious with spending and continued their focus on managing inventory levels.

Key Points: 
  • As anticipated, fourth quarter sales were similar to third quarter levels as customers generally remained cautious with spending and continued their focus on managing inventory levels.
  • “Fourth quarter business trends were largely in-line with expectations, as customers continued to prioritize managing inventory levels,” said John Lowe, President and Chief Executive Officer.
  • Fourth quarter gross profit decreased 25% to $35.4 million and gross profit margin was 34.4%, which compared to 37.6% in the prior year fourth quarter.
  • CPI Card Group Inc. will hold a conference call on March 7, 2024 at 9:00 a.m. Eastern Time (ET) to review its fourth quarter and full year 2023 results.

Culp Announces Results for Third Quarter Fiscal 2024, With Continued Sequential and Year-Over-Year Operating Improvement

Retrieved on: 
Wednesday, March 6, 2024

Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the third quarter ended January 28, 2024.

Key Points: 
  • Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the third quarter ended January 28, 2024.
  • Gross margin for the third quarter of fiscal 2024 was 12.7%, compared with 4.0% for the third quarter of fiscal 2023.
  • Commenting on the results, Iv Culp, president and chief executive officer of Culp, Inc., said, “We are pleased to report continued year-over-year and sequential improvement in our consolidated sales and operating performance for the third quarter.
  • The company also expects a consolidated operating loss (loss from operations) for the fourth quarter of fiscal 2024 that is comparable to the fourth quarter of fiscal 2023.

Restatement of Previously Issued Financial Statements

Retrieved on: 
Thursday, March 7, 2024

(“KPMG”), identified certain non-cash accounting errors related to deferred income accounting for tax-deductible goodwill, as required under IFRS – International Financial Reporting Standard (“IFRS”).

Key Points: 
  • (“KPMG”), identified certain non-cash accounting errors related to deferred income accounting for tax-deductible goodwill, as required under IFRS – International Financial Reporting Standard (“IFRS”).
  • Similarly, any previously furnished reports, such as earnings releases, investor presentations or other communications describing the Company’s consolidated audited financial statements, and condensed consolidated interim financial statements and other related financial information covering the Non-Reliance Periods should no longer be relied upon.
  • The Company intends to file its restated financial statements as of and for the year ended December 31, 2022 together with its audited consolidated financial statements as of and for the year ended December 31, 2023, in the 2023 Form 20-F.
  • The Company also expects to reflect certain classification corrections to non-derivatives and loans and borrowings as part of the restatement to the financial statements.

Spire Global Announces Strong Fourth Quarter and Full Year 2023 Results; Achieves Positive Cash Flow from Operations

Retrieved on: 
Wednesday, March 6, 2024

Spire adjusts the following items from one or more of its non-GAAP financial measures:

Key Points: 
  • Spire adjusts the following items from one or more of its non-GAAP financial measures:
    Loss on satellite deorbit, launch failure and decommissioning.
  • Spire excludes these items as they do not reflect the underlying cash flows or operational results of the business.
  • Spire excludes stock-based compensation expenses primarily because they are non-cash expenses that it excludes from its internal management reporting processes.
  • Spire defines free cash flow as net cash provided by/used in operating activities less purchases of property and equipment.

Simplifying Health Insurance Data Analytics with Mark Farrah Associates’ Health Coverage Portal

Retrieved on: 
Thursday, February 29, 2024

Mark Farrah Associates (MFA) , a leading data aggregator and publisher of health plan market data and analytics, aggregates industry metrics from statutory financial statements filed with state insurance regulators in its Health Coverage Portal™ (HCP) database tool.

Key Points: 
  • Mark Farrah Associates (MFA) , a leading data aggregator and publisher of health plan market data and analytics, aggregates industry metrics from statutory financial statements filed with state insurance regulators in its Health Coverage Portal™ (HCP) database tool.
  • To further simplify the analysis of health insurance business, MFA presents its enhanced Health Coverage Portal™ to provide expanded capabilities and time-saving ease of use for the analysis of annual and quarterly enrollment, financials and industry ratios for health plans across the country.
  • For companies seeking comprehensive market data, MFA offers the Health Coverage Portal™ , an online application that integrates NAIC and CA DMHC financial statements, relevant government reports and MFA self-insured datasets.
  • To learn more about the Health Coverage Portal™ and MFA’s other valuable health insurance analytic tools, contact Mark Farrah Associates at 724-338-4100 or visit www.markfarrah.com .

The Marcus Corporation Reports Fourth Quarter and Full Year Fiscal 2023 Results

Retrieved on: 
Thursday, February 29, 2024

The Marcus Corporation (NYSE: MCS) today reported results for the fourth quarter and fiscal year 2023 ended December 28, 2023.

Key Points: 
  • The Marcus Corporation (NYSE: MCS) today reported results for the fourth quarter and fiscal year 2023 ended December 28, 2023.
  • Net loss per diluted common share attributable to The Marcus Corporation was $0.05 for the fourth quarter of fiscal 2023, compared to a net loss per diluted common share attributable to The Marcus Corporation of $0.30 for the fourth quarter of fiscal 2022.
  • Net earnings attributable to The Marcus Corporation was $14.8 million for fiscal 2023, compared to net loss attributable to The Marcus Corporation of $12.0 million for fiscal 2022.
  • Same store admission revenues for the fourth quarter of fiscal 2023 increased 4.1% compared to the fourth quarter of fiscal 2022.

Dine Brands Global, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024

Total revenues for the fourth quarter of 2023 were $206.3 million compared to $208.0 million for the fourth quarter of 2022.

Key Points: 
  • Total revenues for the fourth quarter of 2023 were $206.3 million compared to $208.0 million for the fourth quarter of 2022.
  • Total revenues excluding the refranchised Applebee’s restaurants for the fourth quarter of 2023 were $204.3 million compared to $196.5 million for the fourth quarter of 2022.
  • General and Administrative (“G&A”) expenses for the fourth quarter of 2023 were $50.5 million compared to $58.8 million for the fourth quarter of 2022.
  • Consolidated adjusted EBITDA for the fourth quarter of 2023 was $62.2 million compared to $57.0 million for the fourth quarter of 2022.

Zevia Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 27, 2024

Gross profit decreased 1.7% to $15.4 million in the fourth quarter of 2023 compared to $15.7 million in the fourth quarter of 2022, and gross profit margin of 40.7% was down 3.6 percentage points compared to the fourth quarter of 2022.

Key Points: 
  • Gross profit decreased 1.7% to $15.4 million in the fourth quarter of 2023 compared to $15.7 million in the fourth quarter of 2022, and gross profit margin of 40.7% was down 3.6 percentage points compared to the fourth quarter of 2022.
  • Equity-based compensation, a non-cash expense, was $1.7 million in the fourth quarter of 2023, compared to $3.1 million in the fourth quarter of 2022.
  • Net loss for the fourth quarter of 2023 was $9.2 million, compared to net loss of $6.2 million in the fourth quarter of 2022.
  • Adjusted EBITDA loss was $6.8 million in the fourth quarter of 2023, compared to an Adjusted EBITDA loss of $2.9 million in the fourth quarter of 2022.