Wireless

Mavenir Wins Award for Multi-G Open RAN Small Cell Solutions

Friday, May 14, 2021 - 8:00am

b"Mavenir, the Network Software Provider building the future of networks with cloud-native software that runs on any cloud and transforms the way the world connects, is pleased to announce that it has won the Small Cell Forum Judges\xe2\x80\x99 Choice award for its role in transforming mobile networks through its Multi-G Open RAN small cell solutions and its Mobile Network Operator (MNO) Open RAN neutral host integration.\nMulti-G Open RAN small cell solutions: Adding 2G/3G across a single unified RAN to support Multi-G radio access in 2020, Mavenir extended its Open Radio Access Network (Open RAN) capabilities across 2G, 3G, 4G and 5G to offer MNOs and enterprises a complete end-to-end, software-centric network proposition, spanning small cell radios to converged packet core to digital enablement solutions.

Key Points: 
  • b"Mavenir, the Network Software Provider building the future of networks with cloud-native software that runs on any cloud and transforms the way the world connects, is pleased to announce that it has won the Small Cell Forum Judges\xe2\x80\x99 Choice award for its role in transforming mobile networks through its Multi-G Open RAN small cell solutions and its Mobile Network Operator (MNO) Open RAN neutral host integration.\nMulti-G Open RAN small cell solutions: Adding 2G/3G across a single unified RAN to support Multi-G radio access in 2020, Mavenir extended its Open Radio Access Network (Open RAN) capabilities across 2G, 3G, 4G and 5G to offer MNOs and enterprises a complete end-to-end, software-centric network proposition, spanning small cell radios to converged packet core to digital enablement solutions.
  • This enables the move towards one network, rather than managing cost and complexity of several different networks.
  • The technology platform is the first cloud-enabled solution that solves indoor mobile connectivity challenges by enabling the ability to host multiple networks using the same IT infrastructure, providing considerable cost savings for MNOs.\nPresenting the award, Caroline Gabriel, Chair of Judges and Co-founder Rethink Research, said, \xe2\x80\x9cThe judges selected Mavenir for the special Judges\xe2\x80\x99 Choice award for a rich record of innovation in many aspects of the small cell platform.
  • As the industry's only end-to-end, cloud-native network software provider, Mavenir is focused on transforming the way the world connects, accelerating software network transformation for 250+ Communications Service Providers in over 120 countries, which serve more than 50% of the world\xe2\x80\x99s subscribers.\n"

HyreCar Announces Record First Quarter 2021 Financial Results

Thursday, May 13, 2021 - 9:01pm

See the reconciliations of these measures to their respective most directly comparable GAAP measure below in this press release.\nTotal revenue in the first quarter of 2021, increased 29% to a record $7.4 million, compared to $5.8 million, in the first quarter of 2020.

Key Points: 
  • See the reconciliations of these measures to their respective most directly comparable GAAP measure below in this press release.\nTotal revenue in the first quarter of 2021, increased 29% to a record $7.4 million, compared to $5.8 million, in the first quarter of 2020.
  • Revenue growth in the first quarter was primarily driven by rental days increasing 31% to approximately 300,000 in the first quarter March 31, 2021.\nGross profit for the first quarter of 2021 was $2.7 million, increasing from $2.2 million in the same period last year.
  • Adjusted net loss for the first quarter, after excluding certain non-cash stock-based compensation, depreciation and amortization, was $3.4 million, or $(0.16) per share.
  • HYRE uses the non-GAAP financial measures in evaluating its operating results and for financial and operational decision-making purposes.\nThe accompanying tables provide more detail on the GAAP financial measures that are most directly comparable to the non-GAAP financial measures described above and the related reconciliations between these financial measures.

Boxlight Reports First Quarter 2021 Financial Results

Thursday, May 13, 2021 - 9:05pm

The gross profit margin for the three months ended March 31, 2021 was 25.6%, and adjusted for the net effect of acquisition-related purchase accounting, the margin was 28.0%, as compared to the 27.9% gross margin, as adjusted, reported for the three months ended March 31, 2020.

Key Points: 
  • The gross profit margin for the three months ended March 31, 2021 was 25.6%, and adjusted for the net effect of acquisition-related purchase accounting, the margin was 28.0%, as compared to the 27.9% gross margin, as adjusted, reported for the three months ended March 31, 2020.
  • The increase primarily resulted from additional overhead costs associated with the acquired Sahara operations in September 2020.\nOther income (expense) for the three months ended March 31, 2021 was net expense of $(3.1) million, as compared to net other income of $0.7 million for the three months ended March 31, 2020.
  • Adjustments to EBITDA include stock-based compensation expense, gains/losses recognized upon the settlement of certain debt instruments, gains/losses from the remeasurement of derivative liabilities, and the effects of purchase accounting adjustments in connection with acquisitions.\nAt March 31, 2021, Boxlight had $10.0 million in cash and cash equivalents, $21.8 million in working capital, $139.7 million in total assets, $20.6 debt, $47.4 million in stockholders\xe2\x80\x99 equity, 56.8 million common shares issued and outstanding, and 3.1 million preferred shares issued and outstanding.\nManagement will host a conference call to discuss the first quarter 2021 financial results on Thursday, May 13, 2021 at 4:30 p.m. Eastern Time.
  • The conference call details are as follows:\n"

Comcast to Participate in J.P. Morgan Investor Conference

Thursday, May 13, 2021 - 7:45pm

b"On Wednesday, May 26, 2021, Mike Cavanagh, Chief Financial Officer of Comcast Corporation (Nasdaq: CMCSA), will participate virtually in the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference.\nA live webcast of the event will be available on the Company's Investor Relations website at www.cmcsa.com on Wednesday, May 26, 2021 at 9:40 A.M. Eastern Time.

Key Points: 
  • b"On Wednesday, May 26, 2021, Mike Cavanagh, Chief Financial Officer of Comcast Corporation (Nasdaq: CMCSA), will participate virtually in the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference.\nA live webcast of the event will be available on the Company's Investor Relations website at www.cmcsa.com on Wednesday, May 26, 2021 at 9:40 A.M. Eastern Time.
  • An on-demand replay will be available shortly after the conclusion of the presentation.\nTo automatically receive Comcast financial news by e-mail, please visit www.cmcsa.com and subscribe to E-mail Alerts.\nComcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter.
  • We are principally focused on broadband, aggregation, and streaming with over 56 million customer relationships across the United States and Europe.
  • Visit www.comcastcorporation.com for more information.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005905/en/\n"

New Relic to Promote Cloud Industry Veteran Bill Staples to CEO

Thursday, May 13, 2021 - 9:05pm

b"New Relic, Inc. (NYSE: NEWR), the observability company, announced the promotion of Bill Staples to CEO effective July 1, 2021.

Key Points: 
  • b"New Relic, Inc. (NYSE: NEWR), the observability company, announced the promotion of Bill Staples to CEO effective July 1, 2021.
  • Staples will succeed Founder & CEO Lew Cirne who will transition to Executive Chairman of the Board at the same time.
  • Cirne and Staples collaborated to bring New Relic One to life as the world\xe2\x80\x99s first programmable observability platform and the foundation for the creation of the observability category that New Relic leads today.
  • New Relic One is the most powerful cloud-based observability platform built to help companies create more perfect software.

Vontier to Present at Bank of America Securities 2021 Virtual Transportation, Airlines, and Industrials Conference

Thursday, May 13, 2021 - 9:30pm

b'Vontier Corporation (\xe2\x80\x9cVontier\xe2\x80\x9d) (NYSE: VNT) today announced that President and Chief Executive Officer, Mark Morelli, and Senior Vice President and Chief Financial Officer, David Naemura, will be presenting at Bank of America Securities 2021 Virtual Transportation, Airlines, and Industrials Conference on Thursday, May 20, 2021 at 2:00 p.m.

Key Points: 
  • b'Vontier Corporation (\xe2\x80\x9cVontier\xe2\x80\x9d) (NYSE: VNT) today announced that President and Chief Executive Officer, Mark Morelli, and Senior Vice President and Chief Financial Officer, David Naemura, will be presenting at Bank of America Securities 2021 Virtual Transportation, Airlines, and Industrials Conference on Thursday, May 20, 2021 at 2:00 p.m.
  • The audio will be simultaneously webcast and will be archived on www.vontier.com .\nVontier is a global industrial technology company focused on transportation and mobility solutions.
  • The company\xe2\x80\x99s portfolio of trusted brands includes market-leading expertise in mobility technologies, retail and commercial fueling, fleet management, telematics, vehicle diagnostics and repair, and smart cities end-markets.
  • Vontier is mobilizing the future to create a better world.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005885/en/\n'

Oblong Announces Financial Results for First Quarter 2021

Thursday, May 13, 2021 - 9:05pm

AEBITDA loss is not intended to replace operating loss, net loss, cash flow or other measures of financial performance reported in accordance with generally accepted accounting principles (GAAP).

Key Points: 
  • AEBITDA loss is not intended to replace operating loss, net loss, cash flow or other measures of financial performance reported in accordance with generally accepted accounting principles (GAAP).
  • Oblong supplies Mezzanine systems to Fortune 500 enterprise customers and is a Cisco Solutions Plus integration partner.
  • Any of these factors could cause Oblong\xe2\x80\x99s actual results and plans to differ materially from those in the forward-looking statements.
  • Therefore, the Company can give no assurance that its future results will be as estimated.

GoodRx Releases First Quarter 2021 Financial Results

Thursday, May 13, 2021 - 9:07pm

b'2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time\nApproximately one hour after completion of the live call, an archived version of the webcast will be available on the Company\xe2\x80\x99s investor relations website at https://investors.goodrx.com for at least 30 days.\nGoodRx helps Americans get the healthcare they need at a price they can afford.

Key Points: 
  • b'2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time\nApproximately one hour after completion of the live call, an archived version of the webcast will be available on the Company\xe2\x80\x99s investor relations website at https://investors.goodrx.com for at least 30 days.\nGoodRx helps Americans get the healthcare they need at a price they can afford.
  • As America\xe2\x80\x99s leading resource for healthcare savings, GoodRx connects consumers with affordable and convenient prescriptions and medical care, including telehealth, mail order prescriptions, doctor visits, and lab tests.
  • We have helped Americans save over $30 billion since 2011 and are the #1 most downloaded medical app over the last three years.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005794/en/\n'

JMA's Tucson Deployment Selected For Small Cell Forum Social Impact Award

Thursday, May 13, 2021 - 8:30pm

b'SYRACUSE, N.Y., May 13, 2021 /PRNewswire/ --JMA Wireless (JMA), a revolutionary American wireless technology company, was today awarded the Small Cell Forum (SCF) Social Impact award for promoting socio-economic-environmental development through the recently deployed JMA private network in the City of Tucson, Arizona.

Key Points: 
  • b'SYRACUSE, N.Y., May 13, 2021 /PRNewswire/ --JMA Wireless (JMA), a revolutionary American wireless technology company, was today awarded the Small Cell Forum (SCF) Social Impact award for promoting socio-economic-environmental development through the recently deployed JMA private network in the City of Tucson, Arizona.
  • That\'s why Tucson partnered with JMA to develop the solution.\n"We are proud that our work in Tucson has been recognized by the Small Cell Forum," said John Mezzalingua, CEO of JMA.
  • "\nJMA leverages a one-of-a-kind solution to maximize the potential of CBRS and create a private wireless network for Tucson.
  • And, the JMA solutions will allow Tucson to upgrade its wireless infrastructure easily and cost-effectively over time.

Verdantix Benchmark Reveals Three Leaders In The Growing Workplace Systems Integrators Market

Thursday, May 13, 2021 - 6:08pm

b'Three service providers \xe2\x80\x93 Accenture, Deloitte, and JLL \xe2\x80\x93 lead the market for workplace systems integrators, amidst a growing market.

Key Points: 
  • b'Three service providers \xe2\x80\x93 Accenture, Deloitte, and JLL \xe2\x80\x93 lead the market for workplace systems integrators, amidst a growing market.
  • \xe2\x80\x9cAs a result, service providers are expanding their capabilities to work across a broader range of areas such as smart access control, mobile apps and the deployment of point solutions.\xe2\x80\x9d\nThe Verdantix Green Quadrant: Workplace Systems Integrators 2021 is the only independent benchmark of workplace systems integrators available on the market.
  • Accenture, Deloitte, and JLL stand-out amongst the crowd for their workplace mobile app capabilities.\nPost-integration support services are very important for one fifth of buyers.
  • \xe2\x80\x9cAs global enterprises rethink their real estate strategies to make their portfolios ready for hybrid working and more dispersed workforces, workplace systems integrators are well-placed to meeting increasingly complex customer demands for workplace management solutions.\xe2\x80\x9d\n'