EPS

Micron Technology, Inc. Reports Results for the Second Quarter of Fiscal 2024

Retrieved on: 
Wednesday, March 20, 2024
GAAP, EPS, Micron Technology, Micrometre

BOISE, Idaho, March 20, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its second quarter of fiscal 2024, which ended February 29, 2024.

Key Points: 
  • BOISE, Idaho, March 20, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its second quarter of fiscal 2024, which ended February 29, 2024.
  • GAAP net income of $793 million, or $0.71 per diluted share
    Non-GAAP net income of $476 million, or $0.42 per diluted share
    “Micron delivered fiscal Q2 results with revenue, gross margin and EPS well above the high-end of our guidance range — a testament to our team’s excellent execution on pricing, products and operations,” said Sanjay Mehrotra, President and CEO of Micron Technology.
  • “Our preeminent product portfolio positions us well to deliver a strong fiscal second half of 2024.
  • We believe Micron is one of the biggest beneficiaries in the semiconductor industry of the multi-year opportunity enabled by AI.”

Augmedix Delivers 45% Revenue Growth and Expanded Gross Margins for Fourth Quarter of 2023

Retrieved on: 
Monday, March 18, 2024
GAAP, EPS, Common, Adjustment, Churn, Interest, Growth, Pharmaceutical industry

Total revenue was $12.7 million, slightly stronger than our January pre-announcement and an increase of 45% compared to $8.8 million.

Key Points: 
  • Total revenue was $12.7 million, slightly stronger than our January pre-announcement and an increase of 45% compared to $8.8 million.
  • Adjusted operating expenses, a Non-GAAP metric, increased 12% to $9.9 million compared to $8.8 million.
  • Cash and cash equivalents as of December 31, 2023, was $46.2 million compared to $21.3 million as of December 31, 2022.
  • ET / 1:30 p.m. PT today, Monday, March 18, 2024, to discuss its fourth quarter and full year 2023 financial results.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Innodata, Fox Factory, Lantronix, and Palo Alto Networks and Encourages Investors to Contact the Firm

Retrieved on: 
Monday, March 18, 2024
Research, Class Action, Growth, Palo Alto Networks, Intelligence, Federation, EPS, Internet of things, PANW, Defendant, Internet, News, Transport, AI, Nature, Complaint, Silicon, City, P.C, Goldengate, Research and development, Fox Factory, Wolfpack, Marketing, IOT

Innodata also stopped disclosing its Research and Development spend after the first quarter of 2021.

Key Points: 
  • Innodata also stopped disclosing its Research and Development spend after the first quarter of 2021.
  • On this news, the price of Innodata common stock declined by $3.74 per share, or approximately 30.5%, on February 15, 2024.
  • The complaint further alleges that when these misleading statements and omissions about Fox Factory’s business reached the market, investors were harmed significantly.
  • For more information on the Palo Alto Networks class action go to: https://bespc.com/cases/PANW

EMBARK ALERT: Bragar Eagel & Squire, P.C. is Investigating Embark Technology, Inc. f/k/a Northern Genesis Acquisition Corp. II on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Retrieved on: 
Saturday, March 16, 2024
Health, Register, CFO, EPS, Individual, NGA, District court, Telephone, Securities Class Action, Classification, News, Acquisition, Software, IPO, Disclosure, Delaware General Corporation Law, Prospectus, Bank statement, P.C, Fraud, False, GAAP, Constitutional right, Bears' Cave

Our investigation concerns whether the board of directors of Embark have breached their fiduciary duties to the company.

Key Points: 
  • Our investigation concerns whether the board of directors of Embark have breached their fiduciary duties to the company.
  • Headquartered in San Francisco, California, Embark is a Delaware corporation that builds software for carriers to enable autonomous trucks within their fleets.
  • The autonomous vehicle company offers software as a service product ecosystem, such as Embark driver, Embark universal interface, and Embark guardian.
  • Legacy Embark was a startup company that developed self-driving truck technology designed for freight and logistic services.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Lantronix, Inc. of Class Action Lawsuit and Upcoming Deadlines – LTRX

Retrieved on: 
Friday, March 15, 2024
Prior, Intelligence, EPS, Internet of things, District court, Internet, Ext, LLP, Transport, Complaint, City, Person, Pomerantz, Action Replay, Court, IOT

NEW YORK, March 15, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Lantronix, Inc. (“Lantronix” or the “Company”) (NASDAQ: LTRX) and certain officers.

Key Points: 
  • NEW YORK, March 15, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Lantronix, Inc. (“Lantronix” or the “Company”) (NASDAQ: LTRX) and certain officers.
  • To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext.
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

At its Capital Markets Day, Iveco Group updated its guidance for 2024 and presented the financial targets for the duration of the Plan

Retrieved on: 
Friday, March 15, 2024
Indian stock exchange, EXM, ASTRA, Agriculture, EPS, CNH, Financial services, IDV, Sale, Public expenditure, FPT Industrial, Nature, Adjustment, Industrial, IVG, Investment, IVECO, Fire, Collection, CNH Industrial, Person

Iveco Group monitors its operations through the use of several non-EU-IFRS financial measures.

Key Points: 
  • Iveco Group monitors its operations through the use of several non-EU-IFRS financial measures.
  • Iveco Group’s management believes that these non-EU-IFRS financial measures provide useful and relevant information regarding its operating results and targets and enhance the readers’ ability to assess Iveco Group’s financial performance and financial position.
  • Iveco Group’s non-EU-IFRS financial measures are defined as follows:
    Adjusted EBIT: is defined as EBIT before restructuring costs and non-recurring items.
  • Iveco Group employs more than 36,000 people around the world and has 20 industrial sites and 29 R&D centres.

Mount Logan Capital Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results

Retrieved on: 
Thursday, March 14, 2024
Sentinel, NEO, CLO, American Express, Income Tax Act, PwC, Growth, MLC, Insurance, EPS, Business, Acquisition, University, Galaxy Digital, Commerce, TSX, Investment, Silicon, Silicon Valley Bank, Policy, Corporation, Cryptocurrency

TORONTO, March 14, 2024 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) announced today its financial results for the fourth quarter and fiscal year ended December 31, 2023. All amounts are stated in United States dollars, unless otherwise indicated. The financial results have been adjusted for the adoption of IFRS 17 Insurance Contracts (“IFRS 17”) which became effective January 1, 2023.

Key Points: 
  • The financial results have been adjusted for the adoption of IFRS 17 Insurance Contracts (“IFRS 17”) which became effective January 1, 2023.
  • Fourth quarter asset management revenues excludes $1.3 million of management fees associated with Mount Logan’s management of the assets of Ability Insurance Company (“Ability”), a wholly-owned subsidiary of the Company, during the fourth quarter of 2023, which increased by 82% as compared to the fourth quarter 2022 of $0.7 million.
  • Ability’s total assets managed by Mount Logan increased to $537.1 million for fiscal 2023, up $200.2 million from fiscal 2022 managed assets of $336.9 million.
  • Adjusted basic EPS was $(0.44) for the 2023 fiscal year, a decrease of $(2.74) from $2.30 for the 2022 fiscal year.

Power Solutions International Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 14, 2024
OTC Markets Group, Quarter, Tax, Second, Growth, Standard Chartered, EPS, Transport, Overalls, Uncommitted, Credit, Depreciation, GAAP, UFLPA, Engineering, Power, Life insurance

WOOD DALE, Ill., March 14, 2024 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced fourth quarter and full year 2023 financial results.

Key Points: 
  • Gross profit decreased by $1.9 million, or 6%, during the fourth quarter of 2023 as compared to the same period in the prior year.
  • For both the fourth quarter of 2023 and 2022, warranty costs were $1.0 million.
  • Net income in the fourth quarter of 2023 was $8.4 million, or $0.36 per share, compared to net income of $9.3 million, or $0.40 per share for the fourth quarter of 2022.
  • Adjusted net income was $7.5 million, or Adjusted income per share of $0.34 in the fourth quarter of 2023, compared to Adjusted net income of $10.1 million, or Adjusted income per share of $0.44 for the fourth quarter of 2022.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against NYCB, LuxUrban, InMode, and Lantronix and Encourages Investors to Contact the Firm

Retrieved on: 
Thursday, March 14, 2024
Signature, Intelligence, Letter, Internet of things, EPS, ACL, Food and Drug Administration, Defendant, Internet, Dermatology, News, Transport, New York Community Bank, NYCB, Complaint, City, P.C, Assumption, Confidentiality, Royalton Hotel, Injury, Category, FDA, Analysis, Result, Dentist, IOT

NYCB is a large commercial-real estate lender in the New York City market area, where it specializes in rent-regulated, non-luxury apartment buildings.

Key Points: 
  • NYCB is a large commercial-real estate lender in the New York City market area, where it specializes in rent-regulated, non-luxury apartment buildings.
  • NYCB is engaged in several national businesses, including multi-family lending, mortgage originations and servicing, and warehouse lending.
  • On January 31, 2024, before the market opened, NYCB announced its fiscal fourth quarter 2023 financial results.
  • Following these disclosures, Lantronix's stock price fell $1.89 per share, or 32.53%, to close at $3.92 per share on February 9, 2024.

Tecogen Announces Fourth Quarter 2023 Results

Retrieved on: 
Wednesday, March 13, 2024
Conference, Pressure, Growth, EPS, Aegis, Webcast, Travel, Energy development, Acquisition, Net, Loss, News, Adjustment, TGEN, Conference call, OTCQX, Quarter, Depreciation, Chiller, Beauty salon

WALTHAM, MA, March 13, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire –Tecogen Inc. (OTCQX:TGEN), a leading manufacturer of clean energy products, reported revenues of $5.9 million and a net loss of $1.8 million for the quarter ended December 31, 2023 compared to revenues of $4.5 million, and a net loss of $1.4 million in 2022. The increase in net loss was primarily driven by an increase in bad debt reserves for installation projects from 2017 an increase in reserves for obsolete inventory.

Key Points: 
  • Our Adjusted EBITDA loss narrowed to $527 thousand for the quarter ended December 31, 2023 compared to $1.1 million in 2022.
  • Gross profit for Q4 2023 was $2.3 million compared to $2.4 million in the fourth quarter of 2022.
  • Adjusted EBITDA(1) was negative $527 thousand for the fourth quarter of 2023 compared to negative $1.1 million for the fourth quarter of 2022.
  • Participants should ask to be joined to the Tecogen Fourth Quarter 2023 earnings call.