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Udemy Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 14, 2024

SAN FRANCISCO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today reported results for the three- and twelve-month periods ended December 31, 2023. Udemy also announced today in a separate news release that its Board of Directors approved its first share repurchase program.

Key Points: 
  • Udemy will host a conference call and webcast at 2:00 p.m. PT / 5:00 p.m.
  • ET today, Wednesday, February 14 to discuss its fourth quarter and full year 2023 financial results and outlook.
  • A link to the live webcast and recorded replay of the conference call will be available on the “ Quarterly Results ” section of Udemy’s Investor Relations website at https://investors.udemy.com/ .
  • Segment revenue represents the revenue recognized from our two segments, Enterprise (or Udemy Business), and Consumer.

Q4 Sales & fy 2023 Results

Retrieved on: 
Wednesday, February 14, 2024

The effective interest rate increased to 3.66% in 2023 compared to 2.29% in 2022, reflecting the rise in interest rates.

Key Points: 
  • The effective interest rate increased to 3.66% in 2023 compared to 2.29% in 2022, reflecting the rise in interest rates.
  • €(55.6) million from interest on lease liabilities in 2023 vs €(46.5) million in 2022.
  • On a constant basis, trade WCR was at 14.1% of sales in 2023, stable compared to the prior year (14.2% in 2022).
  • Our record 2022 and 2023 achievements put us well on track to achieve the 2022-2025 four-year objectives.

Axis Reports Q2 2024 Financial Results

Retrieved on: 
Wednesday, February 14, 2024

Axis Auto Finance Inc. (“Axis” or the “Company”) ( TSX: AXIS ), a financial technology company changing the way Canadians purchase and finance used vehicles, today announced financial results for the second quarter of fiscal 2024 ending December 31, 2023.

Key Points: 
  • Axis Auto Finance Inc. (“Axis” or the “Company”) ( TSX: AXIS ), a financial technology company changing the way Canadians purchase and finance used vehicles, today announced financial results for the second quarter of fiscal 2024 ending December 31, 2023.
  • The $8.2 million in second quarter automotive loan originations were entirely owned and on balance sheet, as Axis did not originate any near prime volumes managed for Westlake Financial Services (“Westlake”).
  • Equipment finance origination volumes in the quarter were $28.2 million, a 3.4% increase from $27.3 million in the comparable quarter of 2023.
  • Revenues for the quarter were $11.1 million, an increase of 4.1% from the second quarter of prior year.

S&W Announces Second Quarter Fiscal 2024 Financial Results

Retrieved on: 
Wednesday, February 14, 2024

Revenue for the second quarter of fiscal 2024 was $10.9 million, a 16.0% decrease compared to the second quarter of fiscal 2023.

Key Points: 
  • Revenue for the second quarter of fiscal 2024 was $10.9 million, a 16.0% decrease compared to the second quarter of fiscal 2023.
  • Double TeamTM sorghum revenue was $4.0 million in the second quarter of fiscal 2024 compared to $1.2 million in the second quarter of fiscal 2023.
  • Gross profit margin for the second quarter of fiscal 2024 was 30.3%, an improvement from 21.3% in the second quarter of fiscal 2023.
  • Total revenue for the second quarter of fiscal 2024 was $10.9 million compared to total revenue for the second quarter of fiscal 2023 of $12.9 million.

Alithya reports notable performance improvement with record Gross Margin as a Percentage of Revenues and Adjusted EBITDA Margin

Retrieved on: 
Wednesday, February 14, 2024

"Adjusted EBITDA Margin" refers to the percentage of total revenue that Adjusted EBITDA represents for a given period.

Key Points: 
  • "Adjusted EBITDA Margin" refers to the percentage of total revenue that Adjusted EBITDA represents for a given period.
  • Our gross margin and our Adjusted EBITDA, as a percentage of revenues, both represent the highest percentages to date in Alithya's history as a publicly traded company.
  • Gross margin as a percentage of revenues increased to 31.3% for the three months ended December 31, 2023, from 30.0% for the three months ended December 31, 2022.
  • Adjusted EBITDA Margin was 7.8% for the three months ended December 31, 2023, compared to 7.7% for the three months ended December 31, 2022.

PlanSource Charges into 2024 as Market Leader in Benefits Engagement, Personalization and Communication

Retrieved on: 
Wednesday, February 14, 2024

Healthcare costs for employers are expected to rise by 8.5 percent in 2024 , nearly double the increase from the prior year.

Key Points: 
  • Healthcare costs for employers are expected to rise by 8.5 percent in 2024 , nearly double the increase from the prior year.
  • PlanSource is focused on being a strategic partner to its customers to maximize their investment and increase participation rates and benefits utilization.
  • In an ambitious move for 2024, PlanSource is set to revolutionize the employee experience with cutting-edge enhancements.
  • “2024 is going to be a significant year for PlanSource as we provide our customers with a market leading benefits engagement platform that will drive better health and wellness outcomes for their employees.”

mdf commerce reports Third Quarter of Fiscal 2024 Financial Results

Retrieved on: 
Wednesday, February 14, 2024

MONTREAL, Feb. 13, 2024 (GLOBE NEWSWIRE) -- mdf commerce inc. (the “Corporation”) (TSX:MDF), a SaaS leader in digital commerce technologies, reported third quarter financial results for the three-month period ended December 31, 2023 (“Q3 FY2024”).

Key Points: 
  • MONTREAL, Feb. 13, 2024 (GLOBE NEWSWIRE) -- mdf commerce inc. (the “Corporation”) (TSX:MDF), a SaaS leader in digital commerce technologies, reported third quarter financial results for the three-month period ended December 31, 2023 (“Q3 FY2024”).
  • New customer wins in the 2024 fiscal year, including the State of Hawaii which was announced last quarter, and new agency customers in the eprocurement mid-market strategy, are starting to show in our financial results as customer deployments ramp up.
  • Recurring Revenue4 was $24.8 million or 82.2% of revenues in Q3 FY2024 compared to $24.7 million or 77.8% in Q3 FY2023.
  • Adjusted EBITDA1 was $2.5 million for Q3 FY2024, a significant improvement of $1.6 million compared to $0.9 million for Q3 FY2023.

Robinhood Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 13, 2024

MENLO PARK, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the fourth quarter and full year 2023, which ended December 31, 2023.

Key Points: 
  • 2023 Record Revenues of $1.9 billion, up 37% year-over-year, including $471 million in Q4
    Q4 GAAP net income of $30 million, or $0.03 per share, and Adjusted EBITDA of $133 million
    MENLO PARK, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the fourth quarter and full year 2023, which ended December 31, 2023.
  • “2023 was a strong year as our product velocity continued to accelerate, our trading market share increased, and we started to expand globally,” said Vlad Tenev, CEO and Co-Founder of Robinhood.
  • The most for retirement with Robinhood Gold - Through April 30, Robinhood is offering customers subscribed to Robinhood Gold up to 3% extra on every dollar contributed to their Robinhood Retirement accounts, including IRA transfers and 401(k) rollovers.
  • Robinhood will host a conference call to discuss its results at 2 p.m. PT / 5 p.m.

HEI Reports 2023 Results

Retrieved on: 
Tuesday, February 13, 2024

“Our core businesses delivered solid results under challenging circumstances, and both the utility and bank remain focused on supporting our communities and customers.

Key Points: 
  • “Our core businesses delivered solid results under challenging circumstances, and both the utility and bank remain focused on supporting our communities and customers.
  • Excluding incremental after-tax Maui windstorm and wildfire-related expenses, Hawaiian Electric’s core net income3 for 2023 was $195.1 million.
  • For the fourth quarter 2023, return on average equity was 2.7%, compared to 15.7% in the fourth quarter of 2022.
  • HEI will conduct a webcast and conference call to review its fourth quarter and full year 2023 consolidated financial results today at 11:30 a.m. Hawaii time (4:30 p.m. Eastern).

CareScout, a Genworth Company, Aims to Redefine Quality and Build Trust in Long-Term Care

Retrieved on: 
Tuesday, February 13, 2024

CareScout today introduced the CareScout Quality Network, a first-of-its-kind group of long-term care providers who meet high standards for quality, person-centered care.

Key Points: 
  • CareScout today introduced the CareScout Quality Network, a first-of-its-kind group of long-term care providers who meet high standards for quality, person-centered care.
  • “Quality measures today only meet the lowest common denominator of patient safety, which is important, but provides zero insight into what care will best fit your individual needs.
  • We are redefining quality as person-centered care and are bringing together high-quality long-term care providers committed to this movement.”
    The concept of person-centered care supposes that care should address not only physical health but also mental, social, and spiritual health.
  • Providers in the CareScout Quality Network must demonstrate a commitment to person-centered care as part of CareScout’s robust credentialing and due diligence process.