Adjusting entries

Codexis Reports First Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 4, 2023

REDWOOD CITY, Calif., May 04, 2023 (GLOBE NEWSWIRE) -- Codexis, Inc. (NASDAQ: CDXS), a leading enzyme engineering company, today announced financial results for the first quarter ended March 31, 2023, and provided a business update.

Key Points: 
  • Company Reiterates 2023 Total Revenue Guidance with Adjustments to Product vs. R&D Revenue Mix and Range on Gross Margin
    REDWOOD CITY, Calif., May 04, 2023 (GLOBE NEWSWIRE) -- Codexis, Inc. (NASDAQ: CDXS), a leading enzyme engineering company, today announced financial results for the first quarter ended March 31, 2023, and provided a business update.
  • Including these enzyme sales, first quarter 2023 total revenues were down 63% compared to $35.3 million in the prior year.
  • Product gross margin for first quarter 2023 was 46% compared to 72% in first quarter 2022; the decrease was largely driven by variability in the product mix and reflects the volume of lower margin products sold during first quarter 2023.
  • Codexis provided an update to its 2023 financial guidance issued on February 23, 2023.

Track Group Reports 3rd Quarter Fiscal 2022 Financial Results

Retrieved on: 
Thursday, August 11, 2022

NAPERVILLE, Ill., Aug. 10, 2022 /PRNewswire/ -- Track Group, Inc. (OTCQX: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its third quarter ended June 30, 2022 ("Q3 FY22").

Key Points: 
  • NAPERVILLE, Ill., Aug. 10, 2022 /PRNewswire/ -- Track Group, Inc. (OTCQX: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its third quarter ended June 30, 2022 ("Q3 FY22").
  • However, we will not match our results for the fiscal year ended September 2021 ("FY21") in the upcoming year ending September 30, 2022 ("FY22").
  • This release includes financial measures defined as "non-GAAP financial measures" by the Securities and Exchange Commission including non-GAAP EBITDA.
  • Specific disclosure regarding the Company's financial results, including management's analysis of results from operations and financial condition, are contained in the Company's annual report on Form 10-K for the fiscal year ended September 30, 2021, and other reports filed with the Securities and Exchange Commission.

Enerflex Files Amended and Restated Financial Statements

Retrieved on: 
Monday, July 11, 2022

CALGARY, Alberta, July 11, 2022 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) (Enerflex or the Company), announced today that it has identified matters which require the Company to make a restatement to reclassify certain amounts within the Statement of Cash Flows.

Key Points: 
  • CALGARY, Alberta, July 11, 2022 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) (Enerflex or the Company), announced today that it has identified matters which require the Company to make a restatement to reclassify certain amounts within the Statement of Cash Flows.
  • Users of the Companys financial statements should note that the Adjustments, as described below, do not change the Companys overall cash position, and do not impact the Companys Statement of Financial Position, the Companys Statement of Earnings, or earnings before finance costs, income taxes, depreciation and amortization (EBITDA) calculations.
  • The Company has filed amended and restated financial statements for the financial years ended December 31, 2021, 2020, and the 2019 comparative period (the Amended Annual Statements), the unaudited interim financial statements for the three months ended March 31, 2022 (the Amended Quarterly Statement and together with the Amended Annual Statements, the Amended Statements), and related amended and restated managements discussion and analysis (MD&A) for each period.
  • A summary of the Adjustments is described below and further details can be found in the Amended Statements and related MD&A which are available under the Companys electronic profile on SEDAR at www.sedar.com.

Track Group Reports 2nd Quarter Fiscal 2022 Financial Results

Retrieved on: 
Friday, May 13, 2022

NAPERVILLE, Ill., May 13, 2022 /PRNewswire/ -- Track Group, Inc. (OTCQX: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its second quarter ended March 31, 2022 ("Q2 FY22").  In Q2 FY22, the Company posted (i) total revenue of $9.5 million, a reduction of approximately 4% over total revenue for the second quarter ended March 31, 2022 ("Q2 FY21") of $9.9 million; (ii) operating income of $7,371 compared to Q2 FY21 operating income of $1.7M; and (iv) net income attributable to common shareholders of $0.5M in Q2 FY22 compared to net income of $2.2 million in Q2 FY21.

Key Points: 
  • NAPERVILLE, Ill., May 13, 2022 /PRNewswire/ -- Track Group, Inc. (OTCQX: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its second quarter ended March 31, 2022 ("Q2 FY22").
  • "Remaining supply chain constraints brought on by the pandemic, coupled with investments in new technology and telecommunications infrastructure, are reflected in our financial results for the second quarter ended March 31, 2022.
  • However, we anticipate that we will not match our results for the fiscal year ended September 2021 ("FY21") in the upcoming year ending September 30, 2022 ("FY22").
  • Specific disclosure regarding the Company's financial results, including management's analysis of results from operations and financial condition, are contained in the Company's annual report on Form 10-K for the fiscal year ended September 30, 2021, and other reports filed with the Securities and Exchange Commission.

Track Group Reports 1st Quarter Fiscal 2022 Financial Results

Retrieved on: 
Thursday, February 10, 2022

NAPERVILLE, Ill., Feb. 10, 2022 /PRNewswire/ -- Track Group, Inc. (OTCQX: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its fiscal quarter ended December 31, 2021 ("Q1 FY22").

Key Points: 
  • NAPERVILLE, Ill., Feb. 10, 2022 /PRNewswire/ -- Track Group, Inc. (OTCQX: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its fiscal quarter ended December 31, 2021 ("Q1 FY22").
  • As a result, our financial results for the first quarter ended December 31, 2021, were adversely impacted.
  • This release includes financial measures defined as "non-GAAP financial measures" by the Securities and Exchange Commission including non-GAAP EBITDA.
  • Specific disclosure regarding the Company's financial results, including management's analysis of results from operations and financial condition, are contained in the Company's annual report on Form 10-K for the fiscal year ended September 30, 2021, and other reports filed with the Securities and Exchange Commission.

Track Group Reports Fiscal 2021 Financial Results

Retrieved on: 
Thursday, December 16, 2021

NAPERVILLE, Ill., Dec. 16, 2021 /PRNewswire/ -- Track Group, Inc. (OTCQX: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its fiscal year ended September 30, 2021 ("FY21").

Key Points: 
  • NAPERVILLE, Ill., Dec. 16, 2021 /PRNewswire/ -- Track Group, Inc. (OTCQX: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its fiscal year ended September 30, 2021 ("FY21").
  • Our ability to adapt resulted in record financial results including revenue, operating income and net income for common shareholders."
  • Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "if", "should" and "will" and similar expressions as they relate to Track Group, Inc., and subsidiaries ("Track Group") are intended to identify such forward-looking statements.
  • Specific disclosure regarding the Company's financial results, including management's analysis of results from operations and financial condition, are contained in the Company's annual report on Form 10-K for the fiscal year ended September 30, 2021, and other reports filed with the Securities and Exchange Commission.

Track Group Reports 3rd Quarter Fiscal 2021 Financial Results

Retrieved on: 
Tuesday, August 10, 2021

NAPERVILLE, Ill., Aug. 10, 2021 /PRNewswire/ -- Track Group, Inc. (OTCQX: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its third quarter ended June 30, 2021 ("Q3 FY21").

Key Points: 
  • NAPERVILLE, Ill., Aug. 10, 2021 /PRNewswire/ -- Track Group, Inc. (OTCQX: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its third quarter ended June 30, 2021 ("Q3 FY21").
  • As of August 10, 2021, the outlook for the fourth quarter of fiscal 2021 remains consistent with the most recent results.
  • This release includes financial measures defined as "non-GAAP financial measures" by the Securities and Exchange Commission including non-GAAP EBITDA.
  • Specific disclosure regarding the Company's financial results, including management's analysis of results from operations and financial condition, are contained in the Company's annual report on Form 10-K for the fiscal year ended September 30, 2020, and other reports filed with the Securities and Exchange Commission.