Fundamental analysis

Ellington Financial Declares Common and Preferred Dividends, and Announces Estimated Book Value Per Common Share as of June 30, 2020

Wednesday, July 8, 2020 - 11:54pm

The Company also announced its estimated book value per common share of $15.68 as of June 30, 2020.

Key Points: 
  • The Company also announced its estimated book value per common share of $15.68 as of June 30, 2020.
  • Additional adjustments may be identified and could result in material changes to the Company's estimated book value per common share.
  • The Company's independent registered public accounting firm has not audited, reviewed, compiled or performed any procedures with respect to the Company's estimated book value per common share.
  • Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.

Alpine 4's CEO Issues Shareholder Letter on Q1 2020 24% Growth and the 2020 Impacts of COVID-19

Wednesday, July 8, 2020 - 3:50pm

We estimated that revenue would have been at least $600k higher if the effects of COVID-19 didn't factor.

Key Points: 
  • We estimated that revenue would have been at least $600k higher if the effects of COVID-19 didn't factor.
  • However, $613,980 was a non-cash expense, allocated from prior years that were trued up in Q1 2020.
  • Cash Flow for Q1 2020 was $208,635, but when we add the non-cash true up expense of $613,980, our Q1 2020 Cash Flow rises to $822,615.
  • It has been our objective to bring down our debt in 2020, but COVID-19 made the effort an urgent necessity.

Covenant Logistics Group Completes Asset Sale of Transport Financial Solutions Factoring Segment

Wednesday, July 8, 2020 - 10:40pm

CHATTANOOGA, Tenn., July 08, 2020 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (Covenant) today announced the sale of the transportation factoring assets of its Transport Financial Solutions (TFS) segment to Triumph Business Capital for approximately $132.2 million, including contingent consideration of approximately $9.9 million.

Key Points: 
  • CHATTANOOGA, Tenn., July 08, 2020 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (Covenant) today announced the sale of the transportation factoring assets of its Transport Financial Solutions (TFS) segment to Triumph Business Capital for approximately $132.2 million, including contingent consideration of approximately $9.9 million.
  • The transaction was structured as a sale of TFS factoring assets, consisting primarily of $103.3 million of net accounts receivable and related transportation factoring assets.
  • Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States.
  • In addition, Transport Enterprise Leasing is an affiliated company providing revenue equipment sales and leasing services to the trucking industry.

Triumph Business Capital Acquires Transportation Factoring Assets of Transport Financial Solutions

Wednesday, July 8, 2020 - 10:40pm

(Nasdaq: TBK) (the Company) announced today the close of the acquisition of the transportation factoring assets of Transport Financial Solutions (TFS) by Triumph Business Capital .

Key Points: 
  • (Nasdaq: TBK) (the Company) announced today the close of the acquisition of the transportation factoring assets of Transport Financial Solutions (TFS) by Triumph Business Capital .
  • We are excited to welcome the clients of TFS to Triumph Business Capital, said Geoff Brenner, chief executive officer of Triumph Business Capital.
  • We also serve a national client base with factoring, equipment lending and asset based lending through Triumph Commercial Finance, discount factoring through Advance Business Capital LLC, d/b/a Triumph Business Capital, insurance through Triumph Insurance Group, Inc., and carrier and vendor payment solutions through TriumphPay.
  • Advance Business Capital LLC d/b/a Triumph Business Capital is an operating subsidiary of TBK Bank, SSB (Member FDIC), offering invoice factoring and payment processing solutions to transportation and other service industries.

Cansortium Inc. Reports First Quarter Financial Results; Reiterates Full Year 2020 Outlook

Tuesday, July 7, 2020 - 2:00pm

MIAMI, July 7, 2020 /PRNewswire/ - Cansortium Inc. (CSE:TIUM.U) (OTCQB: CNTMF) ("Cansortium" or the "Company"), a vertically-integrated provider of premium-quality medical cannabis, today announced financial results for its first quarter ended March 31, 2020 and reiterated its full year 2020 outlook.

Key Points: 
  • MIAMI, July 7, 2020 /PRNewswire/ - Cansortium Inc. (CSE:TIUM.U) (OTCQB: CNTMF) ("Cansortium" or the "Company"), a vertically-integrated provider of premium-quality medical cannabis, today announced financial results for its first quarter ended March 31, 2020 and reiterated its full year 2020 outlook.
  • We believe that revenue growth and profitability will continue to strengthen through the remainder of 2020."
  • During the first quarter of 2020, the Company opened its 19th medical marijuana dispensary in Panama City, FL.
  • Reconciliations from EBITDA and Adjusted EBITDA to Net Loss are included in the accompanying financial schedules.

Goodfood Delivers Net Income and Positive EBITDA¹ for the First Time in Company History Through Continued Strong Growth and Operational Excellence

Wednesday, July 8, 2020 - 11:30am

For the first nine months of Fiscal 2020, the Company invested $5.8 million in capital expenditures.

Key Points: 
  • For the first nine months of Fiscal 2020, the Company invested $5.8 million in capital expenditures.
  • The Company still expects to spend around $10 million in capital expenditures in Fiscal 2020.
  • As an essential service in Canada, Goodfood continued to operate throughout the pandemic and experienced an acceleration of growth in demand.
  • EBITDA is defined as net income or loss before net finance expenses (income), depreciation and amortization expense and income tax expense.

CoreLogic Raises Full Year 2020 Financial Guidance and Provides Guidance for 2021 and 2022

Tuesday, July 7, 2020 - 1:05pm

CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities.

Key Points: 
  • CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities.
  • Risks and uncertainties exist that may cause the results to differ materially from those set forth in these forward-looking statements.
  • This press release contains certain non-GAAP financial measures, such as adjusted EBITDA and adjusted EPS, which are provided only as supplemental information.
  • The Company believes that its presentation of these non-GAAP measures provides useful supplemental information to investors and management regarding the Companys financial condition and results of operations.

Global Medical Ventilators Market

Monday, July 6, 2020 - 3:10pm

The report also covers market projections to 2024 and market rank for key market players.

Key Points: 
  • The report also covers market projections to 2024 and market rank for key market players.
  • The report details the market share of medical ventilators based on types of ventilation, types of products and end users.
  • - Analyses of the global market trends, with data from 2018 and 2019, and projections of compound annual growth rates (CAGRs) through 2024
    - Regional analysis, market potential and future outlook of the global medical ventilators market, with emphasis on medical device regulations in the U.S. and Europe
    - Evaluation of major market drivers, market size and growth forecast, pipeline analysis of new devices, regulatory and reimbursement scenario of ventilators, and R&D activities in the global medical ventilators market
    - Present status and impact of coronavirus (COVID-19) pandemic on MedTech, surge in demand for medical ventilators and efforts to overcome the shortage of ventilators
    - Profile description of leading market participants, including General Electric Co., Hamilton Medical AG, Medtronic plc, ResMed Inc., Smiths Medical Inc., and Koninklijke Philips N.V.
  • The global market for medical ventilators was valued at REDACTED in 2018.The market is forecast to grow at a compound annual growth rate (CAGR) of REDACTED to reach approximately REDACTED by 2024.

White Oak Commercial Finance Delivers $8MM Credit Facility to Global Automotive Supplier

Monday, July 6, 2020 - 2:00pm

White Oak Commercial Finance LLC (White Oak), an affiliate of White Oak Global Advisors, LLC, announced it provided an $8MM credit facility to a global automotive supplier specializing in design, engineering, and manufacturing of mechatronic systems and lightweight solutions.

Key Points: 
  • White Oak Commercial Finance LLC (White Oak), an affiliate of White Oak Global Advisors, LLC, announced it provided an $8MM credit facility to a global automotive supplier specializing in design, engineering, and manufacturing of mechatronic systems and lightweight solutions.
  • "We are thrilled to close this credit facility and look forward to working with the company through the next phase of its growth and beyond," said White Oak Commercial Finance Head of Originations, David Montiel.
  • Through this recent factoring facility with inventory advances, White Oak continues to successfully provide scalable financing solutions to its clients in the automotive industry and beyond.
  • ABOUT WHITE OAK COMMERCIAL FINANCE, LLC
    White Oak Commercial Finance, LLC is a global financial products and services company providing credit facilities to companies across the economy.

Sandhills Global's Q2 Market Update Offers Actionable Insights for the Construction, Agriculture & Commercial Trucking Industries

Friday, July 3, 2020 - 4:44pm

The Q2 2020 update and subscriptions to all market data reports are available through Sandhills.

Key Points: 
  • The Q2 2020 update and subscriptions to all market data reports are available through Sandhills.
  • Powered by FleetEvaluator , Sandhills' proprietary asset valuation tool, the Used Price Index provides useful insights into the ever-changing supply-and-demand conditions for each industry.
  • Buyers and sellers can use this market information to maximize returns on acquisition, liquidation, and related business decisions.
  • As illustrated in these charts:
    The U.S. commercial trucking market continued its free fall throughout Q2, highlighted by a 15.72% year-over-year decline in used sleeper and day cab truck values.