EBITDA

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Vintage Wine, SolarEdge, Unisys, and Rent the Runway and Encourages Investors to Contact the Firm

Retrieved on: 
Saturday, December 3, 2022

On September 13, 2022, Vintage Wine announced its financial results for fiscal year 2022.

Key Points: 
  • On September 13, 2022, Vintage Wine announced its financial results for fiscal year 2022.
  • Throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Companys business, operations, and prospects.
  • For more information on the Rent the Runway class action go to: https://bespc.com/cases/RENT
    About Bragar Eagel & Squire, P.C.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against US Bancorp, FIGS, Freshworks, and Enviva and Encourages Investors to Contact the Firm

Retrieved on: 
Saturday, December 3, 2022

U.S. Bancorps banking subsidiary, U.S. Bank National Association (U.S. Bank), is engaged in the general banking business, principally in domestic markets.

Key Points: 
  • U.S. Bancorps banking subsidiary, U.S. Bank National Association (U.S. Bank), is engaged in the general banking business, principally in domestic markets.
  • Throughout the Class Period, Defendants made materially false and misleading statements regarding the Companys business, operational and compliance policies.
  • For more information on the Enviva class action go to: https://bespc.com/cases/EVA
    About Bragar Eagel & Squire, P.C.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages FIGS, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – FIGS

Retrieved on: 
Friday, December 2, 2022

WHAT TO DO NEXT: To join the FIGS class action, go to https://rosenlegal.com/submit-form/?case_id=9629 or call Phillip Kim, Esq.

Key Points: 
  • WHAT TO DO NEXT: To join the FIGS class action, go to https://rosenlegal.com/submit-form/?case_id=9629 or call Phillip Kim, Esq.
  • WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Torrid Holdings Inc. (CURV)

Retrieved on: 
Friday, December 2, 2022

Torrid conducted its IPO in July 2021, selling 12.65 million shares at $21 per share.

Key Points: 
  • Torrid conducted its IPO in July 2021, selling 12.65 million shares at $21 per share.
  • On this news, Torrids stock price fell $4.37, or 27.9%, to close at $11.28 per share on December 9, 2021.
  • On January 10, 2022, Torrid issued a press release further lowering the Companys sales and earning guidance.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

Goodfood Achieves Significant Gross Margin Expansion, Improves Adjusted EBITDA(1) by 89% Year-over-Year and Reaffirms Expectation of Positive Adjusted EBITDA(1) in First Half of FY2023

Retrieved on: 
Friday, December 2, 2022

Goodfoods core purpose is to create experiences that spark joy and help our community live longer on a healthier planet.

Key Points: 
  • Goodfoods core purpose is to create experiences that spark joy and help our community live longer on a healthier planet.
  • As a result, we are reconfirming our expected path to return to positive quarterly Adjusted EBITDA1 in the first half of 2023 with continued growth thereafter.
  • Adjusted gross margin is defined as the percentage of adjusted gross profit to net sales.
  • EBITDA, Adjusted EBITDA & Adjusted EBITDA margin: EBITDA is defined as net income or loss before net finance costs, depreciation and amortization and income taxes.

Fortune Brands Announces Agreement to Acquire Emtek and Schaub Premium Residential Hardware Brands and the U.S. and Canadian Yale and August Residential Smart Lock Brands from ASSA ABLOY

Retrieved on: 
Friday, December 2, 2022

Yale and August will bring two great brands and significant engineering expertise into our already powerful security portfolio.

Key Points: 
  • Yale and August will bring two great brands and significant engineering expertise into our already powerful security portfolio.
  • This transaction is consistent with Fortune Brands disciplined approach to value-creating acquisitions.
  • We can accelerate growth and profitability by deploying our Fortune Brands Advantage capabilities to create value for all stakeholders, added Fink.
  • With revenues of approximately $350 million in 2021, the Business is comprised of leadership brands in the fast-growing smart lock and the highly profitable and growing premium and luxury hardware categories.

Park Hotels & Resorts Inc. Completes Upsize of Revolving Credit Facility to $950 Million and Extends Maturity to 2026

Retrieved on: 
Thursday, December 1, 2022

In connection with the closing of the Credit Facility, Park drew down $50 million which was used, together with cash on hand, to fully repay the remaining $78 million balance on its term loan facility which was set to mature in August 2024.

Key Points: 
  • In connection with the closing of the Credit Facility, Park drew down $50 million which was used, together with cash on hand, to fully repay the remaining $78 million balance on its term loan facility which was set to mature in August 2024.
  • Thomas J. Baltimore, Jr., Chairman and Chief Executive Officer, stated, We are extremely pleased with our bank groups on-going support of Park, with oversubscribed commitments allowing us to upsize the Credit Facility.
  • Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value.
  • Parks portfolio currently consists of 47 premium-branded hotels and resorts with approximately 30,000 rooms primarily located in prime city center and resort locations.

Direct Communication Solutions Announces Q3 Financials and Strong Revenue Growth

Retrieved on: 
Thursday, December 1, 2022

For the quarter ending September 30, 2022, ("Q3 2022") revenues were USD $4.7 million, versus USD $2.8 million in Q3 2021 (September 30, 2021) representing an increase of 68%.

Key Points: 
  • For the quarter ending September 30, 2022, ("Q3 2022") revenues were USD $4.7 million, versus USD $2.8 million in Q3 2021 (September 30, 2021) representing an increase of 68%.
  • For the quarter ending September 30, 2022, ("Q3 2022") gross profit was USD $1.2 million, versus USD $0.8 million in Q3 2021 (September 30, 2021) representing an increase of 50%.
  • The nine months gross profit ending Q3 2022, was reported at USD $5.7 million versus USD $3 million in 2021 representing an increase of 90%.
  • The nine months Adjusted EBITDA ending Q3 2022 was reported at USD $1.6 million versus a loss of USD $1.4 million in 2021, representing an increase of USD $3.0 million.

Aterian Announces Strong Cyber Monday Sales

Retrieved on: 
Thursday, December 1, 2022

NEW YORK, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (Aterian or the Company) today announced that its revenue generated on Cyber Monday, November 28, 2022, was up approximately 60% compared to last year's Cyber Monday.

Key Points: 
  • NEW YORK, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (Aterian or the Company) today announced that its revenue generated on Cyber Monday, November 28, 2022, was up approximately 60% compared to last year's Cyber Monday.
  • The strength was broad based and included strong sales in many of the Companys brands and products.
  • We are pleased with the strength of our Cyber Monday sales, and consumers appetite for our products commented Yaniv Sarig, CEO of Aterian.
  • Given the results from Cyber Monday, we are raising the bottom end of our fourth quarter 2022 revenue guidance.

Universal Technical Institute Expands Platform of Workforce Solutions Offerings with Completion of Concorde Career Colleges, Inc. Acquisition

Retrieved on: 
Thursday, December 1, 2022

The acquisition expands Universal Technical Institute's portfolio of offerings into the higher-growth healthcare arena and creates the opportunity to bring workforce educational solutions to a broader array of students and employers.

Key Points: 
  • The acquisition expands Universal Technical Institute's portfolio of offerings into the higher-growth healthcare arena and creates the opportunity to bring workforce educational solutions to a broader array of students and employers.
  • "On behalf of the Concorde team, I am excited to be joining Universal Technical Institute," said Concorde Chief Executive Officer Jami Frazier.
  • The other will continue as Universal Technical Institute, which also includes brands such as UTI, MIAT College of Technology, Motorcycle Mechanics Institute, Marine Mechanics Institute, and NASCAR Technical Institute.
  • For more information, visit www.uti.edu or www.concorde.edu , or visit us on LinkedIn at @Universal Technical Institute and @Concorde Career Colleges or on Twitter @news_UTI or @ConcordeCareer.