Amortization

Seagen Reports First Quarter 2021 Financial Results

Retrieved on: 
星期四, 四月 29, 2021
Oncology, Health, Clinical trials, Research, Science, Pharmaceutical, Biotechnology, Economy, Intangible assets, Tax law, Money, Corporate taxation, Articles, Amortization, Loans, Real estate, SeaGen, Astellas Pharma, Depreciation

Collaboration revenues for the first quarter of 2020 included a regulatory milestone related to Polivy under the collaboration with Roche.\nCost of Sales: Cost of sales for the first quarter in 2021 were $64.1 million, compared to $29.4 million for the same period in 2020.

Key Points: 
  • Collaboration revenues for the first quarter of 2020 included a regulatory milestone related to Polivy under the collaboration with Roche.\nCost of Sales: Cost of sales for the first quarter in 2021 were $64.1 million, compared to $29.4 million for the same period in 2020.
  • The increase was primarily due to the gross profit share with Astellas based on PADCEV sales, which was $32.5 million in the first quarter of 2021, compared to $16.4 million for the same period in 2020.
  • Non-cash expenses include share-based compensation, depreciation and amortization of intangible assets.\nSeagen management will host a conference call and webcast with supporting slides to discuss its first quarter 2021 and year-to-date financial results and provide an update on business activities.
  • The live event will be simultaneously webcast and available for replay from the Seagen website at www.seagen.com , under the Investors section.

HIRE Technologies Reports Record Gross Profits, Growth and Margins in Q4-2020

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星期四, 四月 29, 2021
Profit, Finance, Economy, Money, Fundamental analysis, Income statement, Earnings before interest, taxes, depreciation and amortization, Private equity, International Financial Reporting Standards, Net income, Income, Amortization

The Company defines Gross margin as revenue less cost of services.

Key Points: 
  • The Company defines Gross margin as revenue less cost of services.
  • Gross margin should not be construed as an alternative for revenue or net earnings (loss) determined in accordance with IFRS.
  • EBITDA is defined as net income/loss adjusted to exclude interest, taxes, depreciation, and amortization.
  • Adjusted EBITDA also includes rent payments, which are not accounted for in EBITDA following the adoption of IFRS 16 Leases.

Capital Product Partners L.P. Announces First Quarter 2021 Financial Results

Retrieved on: 
星期四, 四月 29, 2021
Money, Finance, Economy, Amortization, Loans, Real estate, Depreciation

Total vessel operating expenses during the first quarter of 2021 amounted to $9.2 million, compared to $9.9 million during the first quarter of 2020.

Key Points: 
  • Total vessel operating expenses during the first quarter of 2021 amounted to $9.2 million, compared to $9.9 million during the first quarter of 2020.
  • Total expenses for the first quarter of 2021 also included vessel depreciation and amortization of $11.1 million, compared to $9.6 million in the first quarter of 2020.
  • General and administrative expenses for the first quarter of 2021 amounted to $1.7 million as compared to $1.8 million in the first quarter of 2020.\nTotal other expense, net for the quarter ended March 31, 2021 was $3.1 million compared to $4.5 million for the first quarter of 2020.
  • Access Code: 69648481#.\nThere will also be a simultaneous live webcast over the Internet, through the Capital Product Partners website, www.capitalpplp.com.

Syngenta Group Reports Strong First Quarter Results

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星期四, 四月 29, 2021
Science, Other Energy, Other Science, Agriculture, Natural Resources, Environment, Energy, Other Natural Resources, Economy, Finance, Money, ChemChina, AstraZeneca, Intensive farming, Novartis, Syngenta, Fundamental analysis, Earnings before interest, taxes, depreciation and amortization, Amortization, Depreciation

Syngenta Group completed the acquisition of an increased stake in Winall in 2021, which enabled consolidation of their results.

Key Points: 
  • Syngenta Group completed the acquisition of an increased stake in Winall in 2021, which enabled consolidation of their results.
  • Syngenta Group has defined EBITDA as earnings before interest, tax, non-controlling interests, depreciation, amortization, restructuring and impairment.
  • Swiss-based and Chinese-owned, the group draws strength from its four business units \xe2\x80\x93 Syngenta Crop Protection headquartered in Switzerland, Syngenta Seeds headquartered in the United States, ADAMA\xc2\xae headquartered in Israel, and Syngenta Group China \xe2\x80\x93 that provide industry-leading ways to serve customers everywhere.\nData protection is important to us.
  • Syngenta Group assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210428006238/en/\n"

Ashland reports preliminary financial results1 for second quarter of fiscal year 2021

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星期三, 四月 28, 2021
Loans, Intangible assets, Amortization, Real estate

Adjusted income from continuing operations excluding intangibles amortization expense was $64 million compared to $69 million in the prior-year quarter, or $1.05 per diluted share, down from $1.12 in the prior-year quarter.

Key Points: 
  • Adjusted income from continuing operations excluding intangibles amortization expense was $64 million compared to $69 million in the prior-year quarter, or $1.05 per diluted share, down from $1.12 in the prior-year quarter.
  • Weather-related impacts during the quarter totaled approximately $11 million, comprised primarily of lost cost absorption, repair costs and increased freight costs.
  • \xe2\x80\x9cThe persistence of the global pandemic-impacted consumer behavior and the winter storms in the U.S. Gulf Coast are realities we faced during the quarter.
  • Ashland believes its expectations and assumptions are reasonable, but there can be no assurance that the expectations reflected herein will be achieved.

Digital Transformation Demand Increases Pega Cloud Revenue 56 percent in Q1 2021

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星期三, 四月 28, 2021
Money, Finance, Economy, Financial markets, Financial law, Loans, Credit, Debt, Amortization, Financial instrument, Mark-to-market accounting

Debt" in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 for additional information.

Key Points: 
  • Debt" in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 for additional information.
  • In both periods, debt issuance costs reduce the debt instruments book value and are amortized over the debt\'s life.
  • Amortization of intangible assets fluctuates in amount and frequency and is significantly affected by the timing and size of acquisitions.
  • Foreign currency transaction gains and losses fluctuate in amount and frequency and are significantly affected by foreign exchange market rates.

Boston Properties Announces First Quarter 2021 Results; Reports EPS of $0.59 and FFO Per Share Of $1.56

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星期二, 四月 27, 2021
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Financial services, Economy, Accounting, Corporate taxation, Depreciation, Money, Amortization, Funds from operations

The decrease in EPS in the first quarter of 2021 was primarily due to a $2.37 per diluted share gain on asset sales in the first quarter of 2020 that did not reoccur in the first quarter of 2021.

Key Points: 
  • The decrease in EPS in the first quarter of 2021 was primarily due to a $2.37 per diluted share gain on asset sales in the first quarter of 2020 that did not reoccur in the first quarter of 2021.
  • See \xe2\x80\x9cEPS and FFO per Share Guidance\xe2\x80\x9d below.\nFirst quarter and recent business highlights include:\nSigned approximately 592,000 square feet of leases in the quarter with a weighted-average lease term of 7.6 years.
  • By definition, FFO does not include real estate-related depreciation and amortization, impairment losses on depreciable real estate or gains or losses associated with disposition activities.
  • There can be no assurance that the Company\xe2\x80\x99s actual results will not differ materially from the estimates set forth below.\n"

Surrey Bancorp Reports First Quarter Net Income of $1,987,375

Retrieved on: 
星期一, 四月 26, 2021
Loans, Paycheck Protection Program, Amortization

The sale of assets resulted in a noninterest income gain of $858,778.\nNet interest income increased 6.2 percent from $3,192,503 in the first quarter of 2020 to $3,392,180 in 2021 even though net interest income yields declined.

Key Points: 
  • The sale of assets resulted in a noninterest income gain of $858,778.\nNet interest income increased 6.2 percent from $3,192,503 in the first quarter of 2020 to $3,392,180 in 2021 even though net interest income yields declined.
  • The fee recognition was due to the amortization, forgiveness, and payoff of the PPP loans in the first quarter of 2021.
  • Investment interest income decreased from $263,637 in the first quarter of 2020 to $59,880 in 2021, a 77.3 percent decrease.
  • The cost of funds decreased from 0.48 percent in the first quarter of 2020 to 0.16 in the first quarter of 2021.

Subversive Acquisition LP Closes Transaction With InterCure, Israel’s Leading and Fastest-Growing Cannabis Company

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星期五, 四月 23, 2021
Finance, Money, Economy, Fundamental analysis, Profit, Income statement, Cash flow, Earnings before interest, taxes, depreciation and amortization, Private equity, Income, Amortization, Earnings

Canndoc, a wholly owned subsidiary of InterCure Ltd., is Israel\xe2\x80\x99s largest licensed cannabis producer and one of the first to offer Good Manufacturing Practices (GMP) certified and pharmaceutical-grade medical cannabis products in pharmacies across the country.

Key Points: 
  • Canndoc, a wholly owned subsidiary of InterCure Ltd., is Israel\xe2\x80\x99s largest licensed cannabis producer and one of the first to offer Good Manufacturing Practices (GMP) certified and pharmaceutical-grade medical cannabis products in pharmacies across the country.
  • Canndoc has an EBITDA annualized run rate of greater than US$10 million and positive free cash flow.
  • EBITDA, as defined by SVX and InterCure, means earnings before interest, income taxes, depreciation, and amortization for a quarter annualized.
  • Subversive Acquisition LP undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.\n'

Industrias Unidas, S.A. de C.V. Consolidated Results of Operations for Q4 2020

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星期四, 四月 22, 2021
Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Finance, Money, Profit, Fundamental analysis, Economy, Earnings before interest, taxes, depreciation and amortization, Net income, Earnings before interest and taxes, Cash flow, Income, Amortization, Net operating loss

b'1/ EBITDA for any period is defined as consolidated net income (loss) excluding i) depreciation and amortization, ii) total net comprehensive financing result (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other Financing costs), iii) other expenses net, iv) income tax and statutory employee profit sharing and v) equity in income (loss) of associated companies.

Key Points: 
  • b'1/ EBITDA for any period is defined as consolidated net income (loss) excluding i) depreciation and amortization, ii) total net comprehensive financing result (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other Financing costs), iii) other expenses net, iv) income tax and statutory employee profit sharing and v) equity in income (loss) of associated companies.
  • EBITDA should not be considered as an alternate measure of net income or operating income, as determined on a consolidated basis using amounts derived from statements of operations prepared in accordance with MFRS, or as an indicator of operating performance or to cash flows from operating activity as a measure of liquidity.
  • EBITDA is not a recognized term under MFRS or U.S. GAAP and does not purport to be an alternative to net income as a measure of operating performance or to cash flows from operating activity as a measure of liquidity.\nOur consolidated net Income for the twelve months ended December 31, 2020 was Ps.59.1 million (US$3.0 million), compared to a net loss of Ps.177.6 million in the same period of 2019.
  • This change is primarily due to an increase in our cost of sales due to market conditions.\nOur net revenues for the twelve months of 2020 increased 8.4% to Ps.19,719.2 million (US$988.4 million) from Ps.18,183.1 million in the same period of 2019.