Earnings

BGC Partners Updates its Outlook for the Second Quarter of 2023 and Provides an Update on the Corporate Conversion

Retrieved on: 
星期四, 六月 29, 2023

BGC reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the second quarter of 2023.

Key Points: 
  • BGC reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the second quarter of 2023.
  • The Company's outlook was contained in BGC's financial results press release issued on May 3, 2023, which can be found at http://ir.bgcpartners.com .
  • BGC Partners, Inc. is expected to complete its corporate conversion to a Full C-Corporation on Saturday, July 1, 2023.
  • The Company plans to issue a press release on July 3, 2023, under its new name BGC Group, Inc. to announce the completion of the corporate conversion.

National Beverage Corp. Reports Strong Fourth Quarter and FY 2023 Results – Continues Margin Growth

Retrieved on: 
星期三, 六月 28, 2023

National Beverage Corp. (NASDAQ: FIZZ) today announced results for its fourth quarter and fiscal year ended April 29, 2023.

Key Points: 
  • National Beverage Corp. (NASDAQ: FIZZ) today announced results for its fourth quarter and fiscal year ended April 29, 2023.
  • Pricing actions in the face of unprecedented cost increases resulted in some modest volume declines in line with beverage industry trends.
  • “The fourth quarter represents our third consecutive quarterly increase in gross profit margins.
  • Our steadfast commitment to return to pre-pandemic margins continues.”
    “Within National Beverage, innovation does not stop with unique flavors and novel packaging.

Currency Exchange International Announces 30% Increase in Revenue for the Three and Six-Months Ended April 30, 2023 versus the Prior Year

Retrieved on: 
星期二, 六月 13, 2023

The complete financial statements and MD&A can be found on the Company's SEDAR profile at www.sedar.com.

Key Points: 
  • The complete financial statements and MD&A can be found on the Company's SEDAR profile at www.sedar.com.
  • Randolph Pinna, CEO of the Group, stated, “The second quarter of 2023 demonstrated strong year-over-year growth as increased demand for international travel reaches near pre-COVID levels.
  • We anticipate this pattern will reoccur in 2023, supported by continued year-over-year growth as international travel is expected to recover to pre-pandemic levels during this year.
  • Financial Highlights for the three-months ended April 30, 2023, compared to the three-months ended April 30, 2023:
    Revenue increased 30% or $4.2 million to $18.3 million for the three-month period ended April 30, 2023, as compared to $14.1 million in the three-month period ending April 30, 2022.

Nathan's Famous, Inc. Reports Year End and Fourth Quarter Results

Retrieved on: 
星期四, 六月 8, 2023

JERICHO, N.Y., June 08, 2023 (GLOBE NEWSWIRE) -- Nathan's Famous, Inc. (NASDAQ:NATH) today reported results for its fiscal year and fourth quarter ended March 26, 2023.

Key Points: 
  • JERICHO, N.Y., June 08, 2023 (GLOBE NEWSWIRE) -- Nathan's Famous, Inc. (NASDAQ:NATH) today reported results for its fiscal year and fourth quarter ended March 26, 2023.
  • For the thirteen weeks ended March 26, 2023:
    Revenues were $27,414,000 for the thirteen weeks ended March 26, 2023 (“fourth quarter fiscal 2023”) as compared to $24,772,000 for the thirteen weeks ended March 27, 2022 (“fourth quarter fiscal 2022”);
    Income from operations was $6,419,000 for the fourth quarter fiscal 2023 as compared to $6,109,000 for the fourth quarter fiscal 2022;
    Adjusted EBITDA1 for the fourth quarter fiscal 2023, a non-GAAP financial measure, was $7,096,000 as compared to $6,414,000 for the fourth quarter fiscal 2022;
    Income before provision for income taxes was $4,353,000 for the fourth quarter fiscal 2023 as compared to $2,621,000 for the fourth quarter fiscal 2022;
    Net income was $3,265,000 for the fourth quarter fiscal 2023 as compared to $2,158,000 for the fourth quarter fiscal 2022; and
    Earnings per diluted share was $0.80 per share for the fourth quarter fiscal 2023 as compared to $0.52 per share for the fourth quarter fiscal 2022.
  • The Company also reported the following:
    License royalties increased to $33,455,000 during fiscal 2023, as compared to $31,824,000 during fiscal 2022.
  • Please see the table at the end of this press release for a reconciliation of EBITDA and Adjusted EBITDA to net income.

Ellington Financial and Arlington Asset Investment Corp. Announce Definitive Merger Agreement

Retrieved on: 
星期二, 五月 30, 2023

Ellington Financial Inc. (NYSE: EFC) (“Ellington Financial”), a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, and Arlington Asset Investment Corp. (NYSE: AAIC) (“Arlington”), a real estate investment trust that invests primarily in mortgage-related and other assets, announced today that they have entered into a definitive merger agreement pursuant to which Ellington Financial will acquire Arlington.

Key Points: 
  • Ellington Financial Inc. (NYSE: EFC) (“Ellington Financial”), a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, and Arlington Asset Investment Corp. (NYSE: AAIC) (“Arlington”), a real estate investment trust that invests primarily in mortgage-related and other assets, announced today that they have entered into a definitive merger agreement pursuant to which Ellington Financial will acquire Arlington.
  • Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C., will continue to manage the combined company.
  • In connection with the proposed merger, Ellington Financial intends to file a registration statement on Form S-4 with the SEC that will include a proxy statement of Arlington and a prospectus of Ellington Financial.
  • Ellington Financial and Arlington and their respective directors and executive officers and certain other affiliates of Ellington Financial and Arlington may be deemed to be participants in the solicitation of proxies from Arlington stockholders in connection with the proposed merger.

Aurora Spine Corporation Announces First Quarter Fiscal 2023 Financial Results

Retrieved on: 
星期三, 五月 24, 2023

CARLSBAD, Calif., May 24, 2023 (GLOBE NEWSWIRE) -- Aurora Spine Corporation (“Aurora Spine” or the “Company”) (TSXV: ASG) (OTCQB: ASAPF), a designer and manufacturer of innovative medical devices that improve spinal surgery outcomes, today announced the financial results for its first quarter fiscal 2023 ended March 31, 2023. All figures are in U.S. dollars.

Key Points: 
  • CARLSBAD, Calif., May 24, 2023 (GLOBE NEWSWIRE) -- Aurora Spine Corporation (“Aurora Spine” or the “Company”) (TSXV: ASG) (OTCQB: ASAPF), a designer and manufacturer of innovative medical devices that improve spinal surgery outcomes, today announced the financial results for its first quarter fiscal 2023 ended March 31, 2023.
  • SiLO TFX – Initial surgeries using the SiLO TFX device occurred in March 2023 with a larger release scheduled in Q3 2023.
  • Mr. Trent Northcutt, President and Chief Executive Officer of Aurora Spine, stated, “First quarter was a transitional quarter for Aurora, where the industry had to manage certain reimbursement changes that affected our SI joint division.
  • Total operating expenses were $2.191 million for the first quarter of 2023, compared to $2.288 million in the first quarter of 2022.

Seanergy Maritime Announces the Date for the First Quarter Ended March 31, 2023 Financial Results, Conference Call and Webcast

Retrieved on: 
星期一, 五月 22, 2023

GLYFADA, Greece, May 22, 2023 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) announced today that it will release its financial results for the first quarter ended March 31, 2023, prior to the open of the market in New York on Thursday, May 25, 2023.

Key Points: 
  • Seanergy’s senior management will conduct a conference call and simultaneous Internet webcast to review these results at 10:00 A.M. (Eastern Time) on Thursday, May 25, 2023.
  • Audio Webcast and Earnings Presentation:
    There will be a live, and then archived, webcast of the conference call available through the Company’s website .
  • To listen to the archived audio file, visit our website, following the Webcast & Presentations section under our Investor Relations page.
  • Participants to the live webcast should register on the Seanergy website approximately 10 minutes prior to the start of the webcast, following this link .

Tingo Group, Inc. Reports First Quarter 2023 Financial Results

Retrieved on: 
星期一, 五月 15, 2023

MONTVALE, N.J., May 15, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) today announced its financial results for the quarter ended March 31, 2023.

Key Points: 
  • Following the completion of the acquisition of 100% of Tingo Mobile Limited (“Tingo Mobile”) on November 30, 2022, today’s results are the first to present a full quarter of consolidated financial statements of Tingo and Tingo Mobile.
  • Net revenues of Tingo Group for the first quarter 2023 were $851.2 million, compared to $9.6 million for the first quarter 2022, up 8,801%.
  • EBITDA1 of Tingo Group for the first quarter 2023 was $372.2 million, compared to a EBITDA1 Loss of $8.9 million for the first quarter 2022.
  • On April 27, 2023, Tingo Group reported the Deloitte audited financial results of Tingo Foods for the approximate four-month period from its inception in September 2022 to December 31, 2022.

High Arctic Announces 2023 First Quarter Results, an Intention to Return Capital and Reorganize

Retrieved on: 
星期四, 五月 11, 2023

CALGARY, Alberta, May 11, 2023 (GLOBE NEWSWIRE) -- High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its’ first quarter financial and operating results. The unaudited interim consolidated financial statements, and management discussion & analysis (“MD&A”), for the quarter ended March 31, 2023 will be available on SEDAR at www.sedar.com, and on High Arctic’s website at www.haes.ca. All amounts are denominated in Canadian dollars (“CAD”), unless otherwise indicated.

Key Points: 
  • In January 2023 the Corporation transferred title to real estate locations to the purchaser of the Well Servicing business.
  • The Corporation exits Q1 2023 with an overcapitalized balance sheet having collected the remaining proceeds from the Well Servicing Transaction.
  • This positions High Arctic with a reduced business footprint compared to a year ago and a substantial working capital position.
  • Accordingly, the Corporation today has announced an intention to make a $38.2 million cash return of capital to shareholders and an intention to reorganize the legal entity structure.

ADTRAN Holdings, Inc. Reports Earnings for the First Quarter of 2023 and Declares Quarterly Cash Dividend

Retrieved on: 
星期二, 五月 9, 2023

ADTRAN Holdings, Inc., (NASDAQ: ADTN and FSE: QH9) (“ADTRAN Holdings” or the “Company”), today announced its financial results for the first quarter of 2023.

Key Points: 
  • ADTRAN Holdings, Inc., (NASDAQ: ADTN and FSE: QH9) (“ADTRAN Holdings” or the “Company”), today announced its financial results for the first quarter of 2023.
  • Net loss inclusive of the non-controlling interest for the first quarter of 2023 was $40.5 million.
  • Net loss attributable to the Company for the first quarter of 2023 was $34.5 million and diluted loss per share attributable to the Company was $0.44.
  • Non-GAAP net loss attributable to the Company was $5.0 million and non-GAAP diluted loss per share attributable to the Company was $0.06.