Amortization

ManifestSeven Reports Record Results for Fourth Quarter and Fiscal Year 2020

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星期三, 三月 31, 2021

Record consolidated revenue of $17.7 million during fiscal year 2020, representing a 64% year-over-year increase, compared to $10.8 million during fiscal year 2019, and $4.0 million during the fiscal fourth quarter 2020.

Key Points: 
  • Record consolidated revenue of $17.7 million during fiscal year 2020, representing a 64% year-over-year increase, compared to $10.8 million during fiscal year 2019, and $4.0 million during the fiscal fourth quarter 2020.
  • Consolidated gross profit of $5.5 million during fiscal year 2020, representing a 97% year-over-year increase, compared to $2.8 million during fiscal year 2019, and $1.3 million during the fiscal fourth quarter 2020.
  • Consolidated gross margins increased from 26% during fiscal year 2019 to 31% during fiscal year 2020, and 32% during the fiscal fourth quarter 2020.
  • M7 continued to optimize its cost structure, resulting in a year-over-year reduction in operating expenses (excluding depreciation and amortization and share-based payment expense) of 27% and 52% during fiscal year and fourth quarter 2020, respectively.

MCI Onehealth Announces Solid Finish to Fiscal 2020 with Positive Adjusted EBITDA in Q4-2020

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星期二, 三月 30, 2021

Adjusted Gross profit and adjusted gross margin should not be construed as an alternative for revenue or net loss determined in accordance with IFRS.

Key Points: 
  • Adjusted Gross profit and adjusted gross margin should not be construed as an alternative for revenue or net loss determined in accordance with IFRS.
  • The Company believes that adjusted gross profit and adjusted gross margin are meaningful metrics in assessing the Companys financial performance and operational efficiency.
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) and Adjusted EBITDA should not be construed as alternatives to net income/loss determined in accordance with IFRS.
  • EBITDA and Adjusted EBITDA do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers.

DGAP-News: ElringKlinger anticipates growth in revenue and higher profitability for 2021

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星期二, 三月 30, 2021

The pandemic developed along different lines in the Asia-Pacific region over the course of the first quarter of 2020.

Key Points: 
  • The pandemic developed along different lines in the Asia-Pacific region over the course of the first quarter of 2020.
  • In this region, Group revenues fell by EUR 30.2 million or 9.7% to EUR 279.8 million (2019: EUR 310.0 million).
  • Asked to comment, Dr. Stefan Wolf, CEO of ElringKlinger AG, said, "The effects of the pandemic were felt in all regions in 2020.
  • Despite the decline in revenue, earnings before interest, taxes, depreciation, and amortization remained at the previous year's level.

News Corp To Acquire Houghton Mifflin Harcourt Books & Media Segment

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星期一, 三月 29, 2021

News Corp announced today that it has entered into an agreement to acquire the Books & Media segment of Houghton Mifflin Harcourt (HMH Books & Media).

Key Points: 
  • News Corp announced today that it has entered into an agreement to acquire the Books & Media segment of Houghton Mifflin Harcourt (HMH Books & Media).
  • HMH Books & Media is being acquired by News Corp for $349 million in cash and the acquisition is subject to customary closing conditions, including regulatory approvals.
  • HMH Books & Media has a thriving Productions business which repurposes its popular brands across media platforms.
  • 1 Adjusted EBITDA for HMH Books & Media excludes depreciation and amortization expenses of $22.4 million from net income of $4.2 million.

Medcolcanna Organics Announces Closing of Bridge Loan Arrangement

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星期三, 三月 24, 2021

Under the terms of the Bridge Loan, the Lenders provided an initial bridge loan financing amount of $275,000 for a two-year term at an annual interest rate of 7.85%, with interest payments completed quarterly and with amortization of same commencing fifteen months from the date of the loan.

Key Points: 
  • Under the terms of the Bridge Loan, the Lenders provided an initial bridge loan financing amount of $275,000 for a two-year term at an annual interest rate of 7.85%, with interest payments completed quarterly and with amortization of same commencing fifteen months from the date of the loan.
  • The Company is now pleased to announce that an additional amount of CDN$475,000 was made available pursuant to the Bridge Loan, bringing the total available loan which was ultimately advanced to CDN$750,000.
  • Payments on the principal of the Bridge Loan are deferred until fifteen months after the commencement of the Bridge Loan, unless certain financing events or positive cash flow milestones are achieved by the Company wherein repayment of the Bridge Loan would be accelerated.
  • As part of the Bridge Loan arrangement, 11.25 million warrants with an exercise price of $0.10 over a two-year term were issued to the Lenders.

Greystone Provides $20 Million in Fannie Mae Financing for Philadelphia Properties

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星期三, 三月 24, 2021

NEW YORK, March 24, 2021 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided a total of $20 million in Fannie Mae Delegated Underwriting and Servicing (DUS) loans to refinance two multifamily properties with 168 units in Philadelphia, Pennsylvania.

Key Points: 
  • NEW YORK, March 24, 2021 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided a total of $20 million in Fannie Mae Delegated Underwriting and Servicing (DUS) loans to refinance two multifamily properties with 168 units in Philadelphia, Pennsylvania.
  • For the refinancing of Holme Circle in Philadelphia, Greystone provided a fixed rate, $10,500,000 Fannie Mae DUS loan with a 10-year term and 30-year amortization, and four years of interest-only payments.
  • Greystone also provided a fixed rate, $9,600,000 Fannie Mae DUS green loan with a 10-year term, 30-year amortization and four years of interest-only payments for Laverock Place Apartments, a 66-unit mid-rise apartment community built in 1968 in Philadelphia.
  • Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates.

DGAP-News: PSI Exceeds Guidance 2020 with Strong Final Quarter

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星期三, 三月 24, 2021

The year 2019 had also included 5 million euros first-time consolidation effects and 3 million euros in third-party goods.

Key Points: 
  • The year 2019 had also included 5 million euros first-time consolidation effects and 3 million euros in third-party goods.
  • At 27.2 million euros, earnings before interest, taxes, depreciation and amortization (EBITDA) almost matched the prior year (31 Dec. 2019: 28.0 million euros).
  • Automotive & Industry used the week markets in spring 2020 for pilot projects of the new manufacturing execution system based on the PSI Group platform.
  • Cash flow from operating activities almost doubled to 24.8 million euros (31 Dec. 2019: 12.5 million euros).

Best’s Special Report: U.S. Life/Annuity Industry’s Net Income Cut Nearly in Half in 2020

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星期二, 三月 23, 2021

The U.S. life/annuity (L/A) insurance industry saw its net income cut nearly in half in 2020, to $24 billion from $45 billion.

Key Points: 
  • The U.S. life/annuity (L/A) insurance industry saw its net income cut nearly in half in 2020, to $24 billion from $45 billion.
  • Increases in the amortization of interest maintenance reserve and other income offset the decline, and resulted in a 4.7% drop in total income, compared with prior year.
  • Due to the drop in income exceeding a 2.6% reduction in expenses, pretax net operating gain fell by 35.0% to $39.9 billion from the prior year.
  • Income tax expense was also down in 2020, by $4.1 billion, but net realized capital losses increased by $3.9 billion, resulting in the drop of total industry net income to $24.0 billion.

DGAP-News: GK Software SE reports sharp rise in profits in the 2020 fiscal year - EBITDA margin at 16 percent

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星期五, 三月 19, 2021

GK Software SE is fully in line with its forecast for the 2020 fiscal year and has succeeded in substantially increasing its earnings.

Key Points: 
  • GK Software SE is fully in line with its forecast for the 2020 fiscal year and has succeeded in substantially increasing its earnings.
  • This raised EBITDA (earnings before interest, taxes, depreciation and amortization) to 18.5million euros, equivalent to a 15.7percent margin on revenue.
  • Despite the restrictions, GK Software was able to acquire eleven new clients on four continents for its core solutions in the 2020 fiscal year.
  • In addition to its own software solutions, GK Software SE also offers customers a comprehensive range of implementation and maintenance services.

Copel reports adjusted EBITDA of R$1.5 billion in the fourth quarter

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星期四, 三月 18, 2021

CURITIBA, Brazil, March 18, 2021 /PRNewswire/ --Companhia Paranaense de Energia - Copel (NYSE: ELPVY, ELP / Latibex: XCOP / B3: CPLE3, CPLE5, CPLE6), a company that generates, transmits, distributes and sells power, announces its results for the fourth quarter of 2020 and would like to invite you all for its conference call on Thursday to discuss its results.

Key Points: 
  • CURITIBA, Brazil, March 18, 2021 /PRNewswire/ --Companhia Paranaense de Energia - Copel (NYSE: ELPVY, ELP / Latibex: XCOP / B3: CPLE3, CPLE5, CPLE6), a company that generates, transmits, distributes and sells power, announces its results for the fourth quarter of 2020 and would like to invite you all for its conference call on Thursday to discuss its results.
  • In 4Q20, earnings before interest, taxes, depreciation and amortization reached R$ 1,308.7 million, 26.5% higher than the R$ 1,034.5 million recorded in 4Q19.
  • Excluding non-recurring items, adjusted EBITDA was R$ 1,489.1 million, 50.6% higher than that recorded in 4Q19.
  • The complete release is available at the Company's website: ir.copel.com