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Sarepta Therapeutics Announces Second Quarter 2023 Financial Results and Recent Corporate Developments

Retrieved on: 
Wednesday, August 2, 2023
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Sarepta Therapeutics, Inc. (NASDAQ:SRPT), the leader in precision genetic medicine for rare diseases, today reported financial results for the second quarter 2023.

Key Points: 
  • Sarepta Therapeutics, Inc. (NASDAQ:SRPT), the leader in precision genetic medicine for rare diseases, today reported financial results for the second quarter 2023.
  • Sarepta was awarded the PRV following U.S. Food and Drug Administration (FDA) accelerated approval of ELEVIDYS (delandistrogene moxeparvovec-rokl).
  • These non-GAAP measures are not intended to be considered in isolation or to replace the presentation of the Company’s financial results in accordance with GAAP.
  • All relevant non-GAAP measures are reconciled from their respective GAAP measures in the attached table “Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures.”

BGC Partners Updates its Outlook for the Second Quarter of 2023 and Provides an Update on the Corporate Conversion

Retrieved on: 
Thursday, June 29, 2023
BGC, Tax, Treasury, Reus, Liquidity, Loss, Partnership, RSU, Conservative Party (United States), Bank statement, Stock dilution, COVID-19, Methodology, GAAP, BGC Partners, FPU, Common, Translation, Currency, EBITDA, The Company, Investment, Nature, HDU, UBT, EPS, Earnings, Period. End of Sentence., Business Development Company, Leyland Royal Tiger PSU, Bookkeeping, Insurance, Security (finance), Bank, Life insurance, Holding company, Cantor, Adjustment

BGC reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the second quarter of 2023.

Key Points: 
  • BGC reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the second quarter of 2023.
  • BGC Partners, Inc. is expected to complete its corporate conversion to a Full C-Corporation on Saturday, July 1, 2023.
  • The Company will change its name to "BGC Group, Inc." and its Nasdaq ticker symbol to "BGC" from "BGCP".
  • The Company plans to issue a press release on July 3, 2023, under its new name BGC Group, Inc. to announce the completion of the corporate conversion.

BGC Partners Updates its Outlook for the Second Quarter of 2023 and Provides an Update on the Corporate Conversion

Retrieved on: 
Thursday, June 29, 2023
BGC, Tax, Treasury, Reus, Liquidity, Loss, Partnership, RSU, Conservative Party (United States), Bank statement, Stock dilution, COVID-19, Methodology, GAAP, BGC Partners, FPU, Common, Translation, Currency, EBITDA, The Company, Investment, Nature, HDU, UBT, EPS, Earnings, Period. End of Sentence., Business Development Company, Leyland Royal Tiger PSU, Bookkeeping, Insurance, Security (finance), Bank, Life insurance, Holding company, Cantor, Adjustment

BGC reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the second quarter of 2023.

Key Points: 
  • BGC reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the second quarter of 2023.
  • The Company's outlook was contained in BGC's financial results press release issued on May 3, 2023, which can be found at http://ir.bgcpartners.com .
  • BGC Partners, Inc. is expected to complete its corporate conversion to a Full C-Corporation on Saturday, July 1, 2023.
  • The Company plans to issue a press release on July 3, 2023, under its new name BGC Group, Inc. to announce the completion of the corporate conversion.

NN, Inc. Announces Harold Bevis as President and Chief Executive Officer

Retrieved on: 
Tuesday, May 9, 2023
NN, Employment, RSU, Marketing, MBA, Columbia Business School, Iowa State University, Engineering, Growth, Automation, Leyland Royal Tiger PSU, Management

CHARLOTTE, N.C., May 09, 2023 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that manufactures high-precision components and assemblies, today announced the appointment of Harold Bevis as President and Chief Executive Officer effective May 22, 2023.

Key Points: 
  • CHARLOTTE, N.C., May 09, 2023 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that manufactures high-precision components and assemblies, today announced the appointment of Harold Bevis as President and Chief Executive Officer effective May 22, 2023.
  • Jeri Harman, Chairman of the Board of NN, commented, “The Board of NN is pleased to welcome Harold Bevis as the Company’s new President and Chief Executive Officer.
  • Harold brings an impressive track record of operational excellence and driving growth in core, new and adjacent markets.
  • We greatly appreciate the significant contributions he has made to NN.”
    Harold Bevis, President and Chief Executive Officer of NN, commented, “I am honored to join NN as its next President and Chief Executive Officer, and I am eager to continue the work of transforming the business to reach the financial and operational potential inherent in the business.

BGC Partners Updates its Outlook for the First Quarter of 2023

Retrieved on: 
Friday, March 31, 2023
BGC, Tax, Liquidity, Treasury, Reus, Partnership, Loss, RSU 1, Conservative Party (United States), Bank statement, Stock dilution, COVID-19, Methodology, GAAP, BGC Partners, FPU, Common, Translation, Currency, EBITDA, The Company, Investment, Nature, HDU, UBT, EPS, Earnings, Period. End of Sentence., Business Development Company, Leyland Royal Tiger PSU, Bookkeeping, Insurance, Security (finance), Bank, Life insurance, Holding company, Cantor, Adjustment

NEW YORK, March 31, 2023 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC Partners" or "BGC" or the "Company"), a leading global brokerage and financial technology company, today announced that it has updated its outlook for the quarter ending March 31, 2023.

Key Points: 
  • NEW YORK, March 31, 2023 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC Partners" or "BGC" or the "Company"), a leading global brokerage and financial technology company, today announced that it has updated its outlook for the quarter ending March 31, 2023.
  • Accordingly, BGC's revenue and pre-tax Adjusted Earnings for the first quarter of 2023 are now expected to be slightly below the midpoint of the range of its previously stated outlook.
  • The Company's outlook was contained in BGC's financial results press release issued on February 27, 2023, which can be found at http://ir.bgcpartners.com .
  • In addition, Adjusted Earnings calculations exclude certain gains and charges that management believes do not best reflect the ordinary results of BGC.

BGC Partners Updates its Outlook for the First Quarter of 2023

Retrieved on: 
Friday, March 31, 2023
BGC, Tax, Liquidity, Treasury, Reus, Partnership, Loss, RSU 1, Conservative Party (United States), Bank statement, Stock dilution, COVID-19, Methodology, GAAP, BGC Partners, FPU, Common, Translation, Currency, EBITDA, The Company, Investment, Nature, HDU, UBT, EPS, Earnings, Period. End of Sentence., Business Development Company, Leyland Royal Tiger PSU, Bookkeeping, Insurance, Security (finance), Bank, Life insurance, Holding company, Cantor, Adjustment

NEW YORK, March 31, 2023 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC Partners" or "BGC" or the "Company"), a leading global brokerage and financial technology company, today announced that it has updated its outlook for the quarter ending March 31, 2023.

Key Points: 
  • NEW YORK, March 31, 2023 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC Partners" or "BGC" or the "Company"), a leading global brokerage and financial technology company, today announced that it has updated its outlook for the quarter ending March 31, 2023.
  • BGC continued to see broad-based revenue growth across all its asset classes as compared to the first quarter of 2022.
  • Accordingly, BGC's revenue and pre-tax Adjusted Earnings for the first quarter of 2023 are now expected to be slightly below the midpoint of the range of its previously stated outlook.
  • The Company's outlook was contained in BGC's financial results press release issued on February 27, 2023, which can be found at http://ir.bgcpartners.com .

Engine Capital Sends Letter to Parkland’s Board of Directors Outlining Paths to Enhance Shareholder Value

Retrieved on: 
Wednesday, March 22, 2023
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Adhere to best corporate governance practices by refreshing the Board and adding directors with convenience merchandising and capital allocation experience.

Key Points: 
  • Adhere to best corporate governance practices by refreshing the Board and adding directors with convenience merchandising and capital allocation experience.
  • Free cash flow per share is a critical measure as the Board takes into account capital expenditures and working capital.
  • In conclusion, we believe that the value creation opportunity at Parkland is significant and that there are meaningful levers for the Board to significantly enhance shareholder value in the public market.
  • On behalf of Engine, we look forward to working cooperatively with you to increase long-term shareholder value.

Power Integrations Launches 900 V GaN Flyback Switcher ICs

Retrieved on: 
Monday, March 20, 2023
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APEC 2023 – Power Integrations (NASDAQ: POWI ), the leader in high-voltage integrated circuits (ICs) for energy-efficient power conversion, today announced a 900-volt gallium-nitride (GaN) extension to the company’s InnoSwitch3 ™ family of flyback switcher ICs.

Key Points: 
  • APEC 2023 – Power Integrations (NASDAQ: POWI ), the leader in high-voltage integrated circuits (ICs) for energy-efficient power conversion, today announced a 900-volt gallium-nitride (GaN) extension to the company’s InnoSwitch3 ™ family of flyback switcher ICs.
  • View the full release here: https://www.businesswire.com/news/home/20230320005176/en/
    Power Integrations Launches 900 V GaN Flyback Switcher ICs (Photo: Business Wire)
    “The dominant bus voltage for electric vehicles is 400 volts,” stated Peter Vaughan, automotive business development director at Power Integrations.
  • “Our ability to deliver GaN parts rated at up to 900 volts demonstrates the reliability and ruggedness of our PowiGaN technology,” stated Silvestro Fimiani, senior product marketing manager at Power Integrations.
  • The new 900-volt InnoSwitch3-EP and InnoSwitch3-AQ off-line CV/CC flyback switcher ICs employ synchronous rectification, a valley switching discontinuous conduction mode (DCM) and continuous conduction mode (CCM) flyback controller.

Transphorm at APEC 2023: New Technology, Trusted Performance in Action

Retrieved on: 
Thursday, March 2, 2023
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Attendees can visit Transphorm at Booth 853 during the event on March 19 – 23.

Key Points: 
  • Attendees can visit Transphorm at Booth 853 during the event on March 19 – 23.
  • This year, Transphorm will showcase the recently announced WT7162RHUG24A device , the new SuperGaN® SiP developed with Weltrend Semiconductor designed to round out its already comprehensive, flexible FET portfolio.
  • APEC attendees will also learn about drop-in and replacement solutions for existing GaN power applications.
  • Finally, the company will raffle off a consumer product currently leveraging Transphorm’s GaN technology to deliver game-changing performance.

Lomiko Announces Omnibus Plan Share Unit and Stock Option Grants and Corporate Update

Retrieved on: 
Saturday, February 25, 2023
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Management and advisors of the Company have been granted 10,940,000 stock options.

Key Points: 
  • Management and advisors of the Company have been granted 10,940,000 stock options.
  • The 2022 Omnibus Equity Incentive Plan’s objective is to create an incentive compensation program that is aligned with the Company’s long-term objectives.
  • RSUs: Each vested RSU can be redeemed for one fully paid and non-assessable common share of Lomiko issued from treasury.
  • DSUs: Each vested DSU can be redeemed for one fully paid and non-assessable common share of Lomiko issued from treasury.