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Tecogen Announces Fourth Quarter 2023 Results

Retrieved on: 
Wednesday, March 13, 2024
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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.

Ocean Power Technologies, Inc. Announces Third Quarter Fiscal 2024 Results

Retrieved on: 
Wednesday, March 13, 2024
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MONROE TOWNSHIP, N.J., March 13, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal third quarter ended January 31, 2024 (“Q324”), including year over year revenue, gross profit, and pipeline growth.

Key Points: 
  • MONROE TOWNSHIP, N.J., March 13, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal third quarter ended January 31, 2024 (“Q324”), including year over year revenue, gross profit, and pipeline growth.
  • The gross margin rate was 49.7% and 21.1%, for the nine months ended January 31, 2024, and 2023, respectively.
  • In February 2024, the Company received multiple orders for fully integrated WAM-V Unmanned Surface Vehicles (USVs) totaling over $1.25 million.
  • Operating expenses were $8.6 million in Q324, materially in-line with the second quarter of fiscal 2024 from and up from $6.8 million in Q323.

Robinhood Markets, Inc. Reports February 2024 Operating Data

Retrieved on: 
Wednesday, March 13, 2024
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MENLO PARK, Calif., March 13, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for February 2024:

Key Points: 
  • MENLO PARK, Calif., March 13, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for February 2024:
    Funded Customers at the end of February were 23.6 million, up approximately 130 thousand from January 2024.
  • Assets Under Custody (AUC) at the end of February were $118.7 billion, up 16% from January 2024.
  • Net Deposits were $3.6 billion in February, translating to a 42% annualized growth rate relative to January 2024 AUC.
  • Total Cash Sweep Balances at the end of February were $18.1 billion, up $1.3 billion or 8% from the end of January 2024.

Bread Financial Provides Performance Update For February 2024

Retrieved on: 
Wednesday, March 13, 2024
Net

Beginning in January 2024 we revised the calculation of Average credit card and other loans to more closely align with industry practice by incorporating an average daily balance.

Key Points: 
  • Beginning in January 2024 we revised the calculation of Average credit card and other loans to more closely align with industry practice by incorporating an average daily balance.
  • Prior to 2024 Average credit card and other loans represents the average balance of the loans at the beginning and end of each month, averaged over the periods indicated.
  • Consequentially, the calculations for Year-over-year change in average credit card and other loans and Net loss rate also differ for the periods presented.
  • As previously communicated, the month ended February 28, 2023 Net principal losses, Net loss rate, 30 days + delinquencies - principal and Delinquency rate were impacted by the transition of our credit card processing services in June 2022.

Synchronoss Technologies Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, March 12, 2024
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BRIDGEWATER, N.J., March 12, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in personal Cloud platforms, today reported financial results for its fourth quarter ended December 31, 2023.

Key Points: 
  • Full Year 2023 Financial Results:
    Results compare 2023 fiscal year end (December 31, 2023) to 2022 fiscal year end (December 31, 2022) unless otherwise indicated.
  • Synchronoss will hold a conference call today, March 12, 2024, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss these results.
  • Synchronoss uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating Synchronoss’ ongoing operational performance.
  • As previously mentioned, a reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included in this press release.

Quest Resource Holding Corporation Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Tuesday, March 12, 2024
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THE COLONY, Texas, March 12, 2024 (GLOBE NEWSWIRE) -- Quest Resource Holding Corporation (NASDAQ: QRHC) (“Quest”), a national leader in environmental waste and recycling services, today announced financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • GAAP net loss per diluted share attributable to common stockholders was $(0.11), compared with $(0.17) per diluted share during the fourth quarter of 2022.
  • Adjusted EBITDA was $3.5 million, compared with $2.3 million during the fourth quarter of 2022.
  • Excluding a cost of revenue adjustment of approximately $1.2 million related to RWS, adjusted EBITDA during the fourth quarter of 2023 would have been approximately $4.6 million.
  • Excluding the cost of revenue adjustment for the fourth quarter, adjusted EBITDA during 2023 would have been approximately $17.4 million.

Aurora Mobile Limited Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Tuesday, March 12, 2024
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SHENZHEN, China, March 12, 2024 (GLOBE NEWSWIRE) -- Aurora Mobile Limited (“Aurora Mobile” or the “Company”) (NASDAQ: JG), a leading provider of customer engagement and marketing technology services in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • SHENZHEN, China, March 12, 2024 (GLOBE NEWSWIRE) -- Aurora Mobile Limited (“Aurora Mobile” or the “Company”) (NASDAQ: JG), a leading provider of customer engagement and marketing technology services in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • Last but not least, our overseas messaging service platform, EngageLab, continued to expand globally and record great results this quarter.
  • Mr. Shan-Nen Bong, Chief Financial Officer of Aurora Mobile, added, “Through our tight expense control, operating expenses have decreased by 36% year-over-year in Q4 of 2023.
  • Net loss attributable to Aurora Mobile Limited’s shareholders was RMB17.9 million (US$2.5 million), compared with a net loss attributable to Aurora Mobile Limited’s shareholders of RMB32.7 million for the same quarter last year.

Cenntro Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Monday, April 1, 2024
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In the fourth quarter we sold 473 vehicles compared to 298 vehicles in Q3 2023 and 51 in Q4 2022.

Key Points: 
  • In the fourth quarter we sold 473 vehicles compared to 298 vehicles in Q3 2023 and 51 in Q4 2022.
  • Total operating expenses were approximately $14.2 million in the fourth quarter of 2023, compared with $20.4 million in the fourth quarter of 2022.
  • Net loss was approximately $13.0 million in the fourth quarter of 2023, compared with net loss of $73.3 million in the fourth quarter of 2022.
  • Adjusted EBITDA was approximately $(13.7) million in the fourth quarter of 2023, compared with Adjusted EBITDA of $(18.3) million in the fourth quarter of 2022.

Pacific Coast Oil Trust Announces There Will Be No March Cash Distribution

Retrieved on: 
Thursday, March 28, 2024
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The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.

Key Points: 
  • The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.
  • Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the “Underlying Properties”).
  • Any anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from PCEC with respect to the relevant period.
  • Any differences in actual cash receipts by the Trust could affect this distributable amount.

Sprinklr Announces Fourth Quarter and Full Year Fiscal 2024 Results

Retrieved on: 
Wednesday, March 27, 2024
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Sprinklr (NYSE: CXM), the unified customer experience management (Unified-CXM) platform for modern enterprises, today reported financial results for its fourth quarter and fiscal year ended January 31, 2024.

Key Points: 
  • Sprinklr (NYSE: CXM), the unified customer experience management (Unified-CXM) platform for modern enterprises, today reported financial results for its fourth quarter and fiscal year ended January 31, 2024.
  • Non-GAAP operating income for the fourth quarter was $32.4 million, compared to non-GAAP operating income of $14.3 million one year ago.
  • Net Income (Loss) Per Share*: Fourth quarter net income per share, basic was $0.08, compared to net loss per share, basic of $0.00 in the fourth quarter of fiscal year 2023.
  • Sprinklr will host a conference call today, March 27, 2024, to discuss fourth quarter and full year fiscal 2024 financial results, as well as the first quarter and full year fiscal 2025 outlook, at 5:00 p.m. Eastern Time, 2:00 p.m. Pacific Time.