CRAFT

Tel-Instrument Electronics Corp. Reports Financial Results For Third Quarter FY 2024

Retrieved on: 
Tuesday, February 13, 2024

Revenues for the third quarter were $2.4 million, a 3% increase from $2.3 million in the year-ago quarter.

Key Points: 
  • Revenues for the third quarter were $2.4 million, a 3% increase from $2.3 million in the year-ago quarter.
  • The gross margin percentage increased to 40% versus 38% in the year-ago quarter.
  • Operating expenses decreased by $239K, a 25% decline versus the year-ago level as a result of funded engineering projects.
  • The third quarter represented a modest improvement, but we are still being impacted by supply chain issues that are delaying customer shipments.

Every Cure to Leverage Atropos Health’s GENEVA OS and Evidence Network to Advance the Discovery and Development of Therapies for Underserved Populations

Retrieved on: 
Monday, January 8, 2024

The collaboration allows Every Cure to leverage GENEVA OS™ and data from the Atropos Evidence™ Network to confirm and enhance findings from their AI driven data platform in the real world.

Key Points: 
  • The collaboration allows Every Cure to leverage GENEVA OS™ and data from the Atropos Evidence™ Network to confirm and enhance findings from their AI driven data platform in the real world.
  • By doing this, it offers key real world signals and generation of AI model features to emulate the effect of therapies in real world populations.
  • Partners like Every Cure will receive access to the Atropos portfolio of evidence generation tools through federated installation of Geneva OS in their internal cloud data environment.
  • CRAFT Emulation Toolkit enables this evidence generation with the same speed-to-insight users have come to expect from Atropos Health.

Atropos Health Partners with Arcadia to Democratize Access to Real World Evidence for Value-Based Care Decision Making

Retrieved on: 
Friday, January 5, 2024

The partnership provides Arcadia’s provider customers with access to the Atropos Health portfolio of evidence generating applications to support whole person care and value-based performance.

Key Points: 
  • The partnership provides Arcadia’s provider customers with access to the Atropos Health portfolio of evidence generating applications to support whole person care and value-based performance.
  • Arcadia customers that subscribe to Atropos Health can help accelerate appropriate clinical decision making to drive high-value, low-cost care for patients based on their unique physiology.
  • In addition, Atropos Health’s Life Sciences users can conduct real-world evidence (RWE) studies leveraging Arcadia’s longitudinal research dataset as part of the Atropos Evidence Network.
  • “This optimization is what Atropos Health delivers across our products, and we're proud to bring the high-quality data Arcadia is known for into the Atropos Evidence Network.

Atropos Health and SEQSTER Partner to Accelerate Patient Registries in Clinical Research, Saving Health Systems Millions, and Accelerating Evidence Generation

Retrieved on: 
Thursday, December 14, 2023

Healthcare and life science organizations leveraging the Atropos Health Evidence™ Network can establish turnkey patient registries to accelerate evidence generation.

Key Points: 
  • Healthcare and life science organizations leveraging the Atropos Health Evidence™ Network can establish turnkey patient registries to accelerate evidence generation.
  • By powering the Atropos Health Evidence Network with longitudinal patient data, we’ll be able to save health systems and life science enterprises cost and time on registry deployment, making it a seamless process for all stakeholders.
  • CRAFT Emulation Toolkit enables this evidence generation with the same speed-to-insight users have come to expect from Atropos Health.
  • Combined with registry infrastructure from partners like SEQSTER, this enables truly scalar, novel evidence generation and R&D acceleration for underserved populations in particular.

Tel-Instrument Electronics Corp. Reports Financial Results For Second Quarter FY 2024

Retrieved on: 
Tuesday, November 14, 2023

Revenues for the second quarter were $1.6 million, a 22% decrease from $2 million in the year-ago quarter.

Key Points: 
  • Revenues for the second quarter were $1.6 million, a 22% decrease from $2 million in the year-ago quarter.
  • Bookings for the second quarter improved to $2.8 million and backlog increased to $6.5 million.
  • The gross margin percentage decreased to 23% versus 27% in the year-ago quarter.
  • Net loss was $435K or $(0.16) per share, compared to net loss of $477K or $(0.17) per share in the year-ago quarter.

Tel-Instrument Electronics Corp. Reports Financial Results For First Quarter FY 2024

Retrieved on: 
Friday, August 11, 2023

Revenues for the first quarter were $2.9 million, a 27% increase from $2.3 million in the year-ago quarter.

Key Points: 
  • Revenues for the first quarter were $2.9 million, a 27% increase from $2.3 million in the year-ago quarter.
  • Operating income was $420K as compared to an operating loss of $244K in the year ago quarter.
  • Net income was $295K or $0.07 per share, compared to net loss of $233K or $(0.10) per share in the year-ago quarter.
  • The Company recorded $706K in positive cash-flow from operating activities for the quarter with cash balances improving to $6.5 million.

Tel-Instrument Electronics Corp. Reports Financial Results For Fiscal Year 2023

Retrieved on: 
Thursday, June 15, 2023

Revenues for the fiscal year ended March 31, 2023, decreased $4.3 million, or 33%, versus the prior fiscal year.

Key Points: 
  • Revenues for the fiscal year ended March 31, 2023, decreased $4.3 million, or 33%, versus the prior fiscal year.
  • Gross margin for the 2023 fiscal year was 35.3%, or 9 percentage points decline over the prior fiscal year.
  • Net loss was $389K ($-0.22 per basic share), compared to a net income of $1.3 million in the prior fiscal year.
  • Mr. Jeffrey O’Hara, Tel-Instrument’s President and CEO commented, “The 2023 fiscal year was very difficult due to parts shortages that significantly impacted production.

Center for Research toward Advancing Financial Technologies Announces Industry Members and First-Year Research Projects to Drive Fintech Sector Transformation

Retrieved on: 
Monday, May 1, 2023

Hoboken, NJ and Troy, NJ, May 01, 2023 (GLOBE NEWSWIRE) -- Stevens Institute of Technology and Rensselaer Polytechnic Institute today announced their first industry members, including Bank of America, and initial research projects for the Center for

Key Points: 
  • Hoboken, NJ and Troy, NJ, May 01, 2023 (GLOBE NEWSWIRE) -- Stevens Institute of Technology and Rensselaer Polytechnic Institute today announced their first industry members, including Bank of America, and initial research projects for the Center for
    Research toward Advancing Financial Technologies (CRAFT).
  • An industry-university cooperative research center, backed by a grant from the National Science Foundation, CRAFT underscores the nation's strategic investment in managing risks and challenges facing the high-tech financial services industry.
  • "CRAFT addresses the critical need for collaborative research and policy initiatives to guide and transform the fintech sector," stated Steve Yang, CRAFT co-director and associate professor at Stevens Institute of Technology's School of Business.
  • "We're extremely pleased to announce our initial member companies and affiliate organizations and the 2022-23 applied research we're undertaking on their behalf.

Swiss Ambassador to Host Celebration Honoring TIME following White House Correspondents’ Dinner

Retrieved on: 
Friday, April 21, 2023

Washington, DC, April 21, 2023 (GLOBE NEWSWIRE) -- Get ready to witness history in the making during this year's White House Correspondents’ Dinner weekend!

Key Points: 
  • Washington, DC, April 21, 2023 (GLOBE NEWSWIRE) -- Get ready to witness history in the making during this year's White House Correspondents’ Dinner weekend!
  • For the first time ever, His Excellency Ambassador Jacques Pitteloud of Switzerland is opening his Residence for a post-White House Correspondents’ Dinner celebration.
  • This after-party will be no ordinary affair, but will pay tribute to TIME as it marks 100 years of unrivaled journalism.
  • Each spring, the White House Correspondents’ Dinner brings together the nation’s most powerful and influential stakeholders in journalism, politics, entertainment, and media to celebrate those whose reporting sustains our democracy.

Berlin Packaging Wins Six Medals and One Honorable Mention at the 2022 Craft Spirits Packaging Awards

Retrieved on: 
Wednesday, February 22, 2023

CHICAGO, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Berlin Packaging, the world's largest Hybrid Packaging Supplier®, collected six medals and one honorable mention at the 2022 Craft Spirits Packaging Awards presented by the American Craft Spirits Association and CRAFT SPIRITS magazine and sponsored by the Glass Packaging Institute.

Key Points: 
  • CHICAGO, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Berlin Packaging, the world's largest Hybrid Packaging Supplier®, collected six medals and one honorable mention at the 2022 Craft Spirits Packaging Awards presented by the American Craft Spirits Association and CRAFT SPIRITS magazine and sponsored by the Glass Packaging Institute.
  • Now in its third year, the annual competition celebrates excellence and creativity in the design of craft spirits labels and packaging.
  • Berlin Packaging works with distillers of all sizes, offering complete spirits packaging solutions, including a variety of ready-to-ship premium stock bottles and closures and an extensive collection of innovative bottle shapes.
  • A complete list of Berlin Packaging's wins at the 2022 Craft Spirits Packaging Awards is below:
    GOLD: Party Can Triple Spice Margarita, Party Can (Chicago, Illinois)
    BRONZE: Great Jones Rye, The Great Jones Distillery (New York, New York)